The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Acadia Realty Trust Common 004239109 2,639 209,147 SH   SOLE   118,227 0 90,920
Alexandria Real Estate Equities, Inc. Common 015271109 13,955 99,547 SH   SOLE   55,483 0 44,064
Alibaba Group Holding Ltd ADR 01609W102 60,992 762,491 SH   SOLE   756,263 0 6,228
Alphabet Inc., Class A Common 02079K305 420,250 4,393,621 SH   SOLE   4,320,184 0 73,437
Alphabet Inc., Class C Common 02079K107 448,006 4,659,454 SH   SOLE   4,549,773 0 109,681
Amazon.com, Inc. Common 023135106 597,049 5,283,616 SH   SOLE   5,150,756 0 132,860
American Express Co. Common 025816109 145,541 1,078,803 SH   SOLE   1,064,372 0 14,431
American Homes 4 Rent, Class A Common 02665T306 8,445 257,380 SH   SOLE   151,330 0 106,050
American Tower Corp Class A Common 03027X100 17,054 79,430 SH   SOLE   44,620 0 34,810
Americold Realty Trust Common 03064D108 2,186 88,850 SH   SOLE   48,650 0 40,200
Applied Materials, Inc. Common 038222105 602,816 7,357,696 SH   SOLE   7,167,295 0 190,401
AvalonBay Communities, Inc. Common 053484101 14,844 80,590 SH   SOLE   47,120 0 33,470
Baidu, Inc., Class A, ADR ADR 056752108 5,741 48,867 SH   SOLE   48,867 0 0
Bank of America Corp. Common 060505104 94,263 3,121,302 SH   SOLE   3,121,302 0 0
Bank of N.T. Butterfield & Son Ltd. Common G0772R208 111,241 3,427,026 SH   SOLE   3,426,921 0 105
Bank of New York Mellon Corp. Common 064058100 524,462 13,615,323 SH   SOLE   13,345,189 0 270,134
Berkshire Hathaway Inc., Class A Common 084670108 893,015 2,197 SH   SOLE   2,197 0 0
Berkshire Hathaway Inc., Class B Common 084670702 337,241 1,262,980 SH   SOLE   1,183,600 0 79,380
Boston Properties, Inc. Common 101121101 7,595 101,310 SH   SOLE   59,740 0 41,570
Brixmor Property Group, Inc. Common 11120U105 14,175 767,440 SH   SOLE   462,130 0 305,310
Camden Property Trust Common 133131102 7,789 65,210 SH   SOLE   41,740 0 23,470
Capital One Financial Corp. Common 14040H105 997,101 10,818,066 SH   SOLE   10,613,306 0 204,760
Carrier Global Corp. Common 14448C104 29,156 819,923 SH   SOLE   771,713 0 48,210
Charles Schwab Corp. Common 808513105 59,127 822,690 SH   SOLE   822,690 0 0
China Index Holdings Ltd., ADR ADR 16954W101 3,708 4,120,370 SH   SOLE   4,115,921 0 4,449
Chubb Ltd. Common H1467J104 308,487 1,696,101 SH   SOLE   1,668,105 0 27,996
Cigna Corp. Common 125523100 858,628 3,094,489 SH   SOLE   3,017,964 0 76,525
Clear Secure, Inc. Common 18467V109 16,340 714,779 SH   SOLE   694,486 0 20,293
Coupang, Inc., Class A Common 22266T109 141,813 8,507,055 SH   SOLE   8,332,861 0 174,194
Cousins Properties, Inc. Common 222795502 4,505 192,945 SH   SOLE   113,590 0 79,355
Crown Castle International Corp. Common 22822V101 12,430 85,990 SH   SOLE   48,650 0 37,340
CubeSmart Common 229663109 2,519 62,880 SH   SOLE   62,880 0 0
CVS Health Corp. Common 126650100 19,777 207,368 SH   SOLE   191,658 0 15,710
Darling Ingredients, Inc. Common 237266101 210,582 3,183,405 SH   SOLE   3,088,379 0 95,026
Davis Select Financial ETF ETF 23908L108 50,012 2,043,955 SH   SOLE   2,043,955 0 0
Davis Select International ETF ETF 23908L405 57,976 3,898,825 SH   SOLE   3,898,825 0 0
Davis Select U.S. Equity ETF ETF 23908L207 83,420 3,308,560 SH   SOLE   3,308,560 0 0
Davis Select Worldwide ETF ETF 23908L306 42,186 1,925,400 SH   SOLE   1,925,400 0 0
Digital Realty Trust, Inc. Common 253868103 10,867 109,565 SH   SOLE   61,245 0 48,320
Douglas Emmett, Inc. Common 25960P109 7,849 437,780 SH   SOLE   258,290 0 179,490
Duke Realty Corp. Common 264411505 2,225 46,160 SH   SOLE   26,270 0 19,890
DXC Technology Co. Common 23355L106 1,387 56,665 SH   SOLE   56,665 0 0
Eaton Corp. PLC Common G29183103 26,051 195,345 SH   SOLE   180,933 0 14,412
Equinix, Inc. Common 29444U700 15,050 26,458 SH   SOLE   15,128 0 11,330
Equity Residential Common 29476L107 13,619 202,605 SH   SOLE   115,840 0 86,765
Essex Property Trust, Inc. Common 297178105 12,424 51,291 SH   SOLE   30,510 0 20,781
Everest Re Group, Ltd. Common G3223R108 14,042 53,505 SH   SOLE   53,505 0 0
Extra Space Storage Inc. Common 30225T102 8,691 50,320 SH   SOLE   29,460 0 20,860
Federal Realty Investment Trust Common 313745101 6,312 70,040 SH   SOLE   41,980 0 28,060
Ferguson PLC Common G3421J106 13,978 135,026 SH   SOLE   118,125 0 16,901
Fifth Third Bancorp Common 316773100 33,235 1,039,881 SH   SOLE   1,039,881 0 0
Greenlight Capital Re, Ltd., Class A Common G4095J109 7,159 962,248 SH   SOLE   962,248 0 0
Healthcare Realty Trust, Inc. Common 42226K105 5,223 250,480 SH   SOLE   174,680 0 75,800
Healthpeak Properties, Inc. Common 42250P103 7,484 326,536 SH   SOLE   181,940 0 144,596
Highwoods Properties, Inc. Common 431284108 5,035 186,760 SH   SOLE   101,560 0 85,200
Hollysys Automation Technologies, Ltd. Common G45667105 96,430 5,639,188 SH   SOLE   5,638,873 0 315
Host Hotels & Resorts, Inc. Common 44107P104 6,481 408,130 SH   SOLE   220,670 0 187,460
Hudson Pacific Properties, Inc. Common 444097109 5,022 458,673 SH   SOLE   260,860 0 197,813
Humana Inc. Common 444859102 21,106 43,501 SH   SOLE   40,013 0 3,488
IAC Inc. Common 44891N208 106,601 1,924,901 SH   SOLE   1,880,680 0 44,221
Innovative Industrial Properties, Inc. Common 45781V101 3,134 35,410 SH   SOLE   21,190 0 14,220
Intel Corp. Common 458140100 301,264 11,690,486 SH   SOLE   11,431,593 0 258,893
iQIYI, Inc., Class A, ADR ADR 46267X108 11,321 4,177,319 SH   SOLE   4,177,077 0 242
iShares S&P 500 Value Index Fund ETF 464287408 4,091 31,833 SH   SOLE   31,559 0 274
JD.com, Inc., Class A, ADR ADR 47215P106 417,770 8,305,574 SH   SOLE   8,184,836 0 120,738
Johnson Controls International PLC Common G51502105 25,125 510,463 SH   SOLE   474,176 0 36,287
JPMorgan Chase & Co. Common 46625H100 464,224 4,442,339 SH   SOLE   4,345,771 0 96,568
Lam Research Corp. Common 512807108 449 1,228 SH   SOLE   1,228 0 0
Liberty Media Corp., Series A Common 531229870 30,181 574,666 SH   SOLE   574,578 0 88
Liberty Media Corp., Series C Common 531229854 17,041 291,302 SH   SOLE   291,302 0 0
Liberty TripAdvisor Hldgs Inc. - A Common 531465102 294 269,654 SH   SOLE   269,654 0 0
Life Storage, Inc. Common 53223X107 3,969 35,830 SH   SOLE   23,720 0 12,110
Loews Corp. Common 540424108 87,335 1,752,307 SH   SOLE   1,731,381 0 20,926
M&T Bank Corp. Common 55261F104 8,448 47,915 SH   SOLE   47,915 0 0
Markel Corp. Common 570535104 225,756 208,220 SH   SOLE   205,196 0 3,024
Meta Platforms, Inc., Class A Common 30303M102 577,225 4,254,315 SH   SOLE   4,165,201 0 89,114
Microsoft Corp. Common 594918104 86,543 371,589 SH   SOLE   354,018 0 17,571
NetSTREIT Corp. Common 64119V303 4,637 260,350 SH   SOLE   149,190 0 111,160
Noah Holdings Ltd., Class A, ADS ADR 65487X102 10,658 806,789 SH   SOLE   806,746 0 43
Novartis AG - ADR ADR 66987V109 2,200 28,943 SH   SOLE   28,943 0 0
Oracle Corp. Common 68389X105 13,285 217,532 SH   SOLE   201,154 0 16,378
Owens Corning Common 690742101 265,163 3,373,140 SH   SOLE   3,261,631 0 111,509
PNC Financial Services Group, Inc. Common 693475105 71,994 481,820 SH   SOLE   481,820 0 0
Prologis, Inc. Common 74340W103 22,100 217,522 SH   SOLE   127,042 0 90,480
Public Storage, Inc. Common 74460D109 17,132 58,510 SH   SOLE   33,270 0 25,240
Quest Diagnostics, Inc. Common 74834L100 229,573 1,871,160 SH   SOLE   1,802,434 0 68,726
Radius Global Infrastructure, Inc. Common 750481103 2,314 245,640 SH   SOLE   245,640 0 0
Raytheon Technologies Corp. Common 75513E101 13,224 161,550 SH   SOLE   149,079 0 12,471
Retail Opportunity Investments Corp. Common 76131N101 7,776 565,145 SH   SOLE   296,945 0 268,200
Rexford Industrial Realty, Inc. Common 76169C100 12,690 244,030 SH   SOLE   143,900 0 100,130
RH Common 74967X103 283 1,150 SH   SOLE   1,150 0 0
Rocket Companies, Inc., Class A Common 77311W101 25,372 4,014,627 SH   SOLE   4,014,627 0 0
SAP SE, ADR ADR 803054204 9,109 112,108 SH   SOLE   104,750 0 7,358
Simon Property Group, Inc. Common 828806109 11,693 130,280 SH   SOLE   76,350 0 53,930
Skechers U.S.A, Inc. Class A Common 830566105 393 12,400 SH   SOLE   12,400 0 0
State Street Corp. Common 857477103 4,734 77,846 SH   SOLE   77,846 0 0
STORE Capital Corp. Common 862121100 5,242 167,310 SH   SOLE   95,880 0 71,430
Sun Communities, Inc. Common 866674104 4,467 33,010 SH   SOLE   18,050 0 14,960
Sunstone Hotel Investors, Inc. Common 867892101 7,692 816,580 SH   SOLE   463,840 0 352,740
Teck Resources Ltd., Class B Common 878742204 387,873 12,754,780 SH   SOLE   12,452,108 0 302,672
Terreno Realty Corp. Common 88146M101 11,565 218,247 SH   SOLE   120,364 0 97,883
Texas Instruments, Inc. Common 882508104 455,075 2,940,143 SH   SOLE   2,857,268 0 82,875
Truist Financial Corp. Common 89832Q109 1,242 28,518 SH   SOLE   28,518 0 0
UDR, Inc. Common 902653104 6,828 163,690 SH   SOLE   88,540 0 75,150
U.S. Bancorp Common 902973304 662,219 16,424,077 SH   SOLE   16,058,817 0 365,260
UnitedHealth Group, Inc. Common 91324P102 61,812 122,391 SH   SOLE   112,710 0 9,681
Ventas, Inc. Common 92276F100 8,849 220,300 SH   SOLE   127,610 0 92,690
Viatris, Inc. Common 92556V106 472,521 55,460,186 SH   SOLE   54,152,830 0 1,307,356
VICI Properties, Inc. Common 925652109 4,493 150,510 SH   SOLE   87,270 0 63,240
Vimeo, Inc. Common 92719V100 14,933 3,733,256 SH   SOLE   3,598,532 0 134,724
VMware, Inc., Class A Common 928563402 7,259 68,184 SH   SOLE   63,658 0 4,526
Wells Fargo & Co. Common 949746101 1,290,166 32,077,734 SH   SOLE   31,521,331 0 556,403
Welltower Inc. Common 95040Q104 13,835 215,090 SH   SOLE   116,760 0 98,330
Wesco International, Inc. Common 95082P105 5,088 42,621 SH   SOLE   40,202 0 2,419