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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGCO Corporation Common 001084102   166,896,190 1,356,659 SH   SOLE   1,191,881 0 164,778
Alexandria Real Estate Equities, Inc. Common 015271109   18,261,004 141,657 SH   SOLE   77,013 0 64,644
Alibaba Group Holding Ltd., ADR ADR 01609W102   13,183,413 182,192 SH   SOLE   175,918 0 6,274
Alphabet Inc., Class A Common 02079K305   465,208,822 3,082,282 SH   SOLE   2,661,282 0 421,000
Alphabet Inc., Class C Common 02079K107   102,176,661 671,067 SH   SOLE   641,367 0 29,700
Amazon.com, Inc. Common 023135106   1,040,003,618 5,765,626 SH   SOLE   5,098,744 0 666,882
American Express Co. Common 025816109   174,489,169 766,345 SH   SOLE   706,527 0 59,818
American Homes 4 Rent - Class A Common 02665T306   9,028,387 245,470 SH   SOLE   139,230 0 106,240
American Tower Corp Common 03027X100   13,175,301 66,680 SH   SOLE   35,900 0 30,780
Applied Materials, Inc. Common 038222105   961,208,556 4,660,857 SH   SOLE   4,099,180 0 561,677
AvalonBay Communities, Inc. Common 053484101   12,269,227 66,120 SH   SOLE   35,960 0 30,160
Baidu, Inc. Class A, ADR ADR 056752108   4,983,639 47,337 SH   SOLE   47,337 0 0
Bank of America Corp. Common 060505104   45,408,404 1,197,479 SH   SOLE   1,197,479 0 0
Bank of N.T. Butterfield & Son Limited Common G0772R208   34,727,064 1,085,560 SH   SOLE   1,070,467 0 15,093
Bank of New York Mellon Corp. Common 064058100   592,531,501 10,283,435 SH   SOLE   9,234,429 0 1,049,006
Berkshire Hathaway Inc., Class A Common 084670108   1,172,445,120 1,848 SH   SOLE   1,848 0 0
Berkshire Hathaway Inc., Class B Common 084670702   340,596,810 809,942 SH   SOLE   519,357 0 290,585
Boston Properties, Inc. Common 101121101   10,110,641 154,810 SH   SOLE   84,410 0 70,400
Brixmor Property Group, Inc. Common 11120U105   14,435,586 615,590 SH   SOLE   348,860 0 266,730
Camden Property Trust Common 133131102   6,935,232 70,480 SH   SOLE   41,840 0 28,640
Capital One Financial Corp. Common 14040H105   1,440,558,503 9,675,321 SH   SOLE   8,808,860 0 866,461
Carrier Global Corp. Common 14448C104   13,352,170 229,695 SH   SOLE   184,718 0 44,977
Charles Schwab Corp. Common 808513105   22,210,478 307,029 SH   SOLE   307,029 0 0
Chubb Ltd. Common H1467J104   327,143,175 1,262,467 SH   SOLE   1,142,043 0 120,424
Cigna Group Common 125523100   527,776,812 1,453,170 SH   SOLE   1,263,434 0 189,736
Clear Secure, Inc. Common 18467V109   12,525,648 588,888 SH   SOLE   545,155 0 43,733
Community Healthcare Trust, Inc. Common 20369C106   5,844,983 220,150 SH   SOLE   120,750 0 99,400
Coupang, Inc., Class A Common 22266T109   106,886,163 6,008,216 SH   SOLE   5,975,201 0 33,015
Cousins Properties, Inc. Common 222795502   16,416,796 682,895 SH   SOLE   366,380 0 316,515
Crown Castle, Inc. Common 22822V101   4,443,802 41,990 SH   SOLE   22,990 0 19,000
CVS Health Corporation Common 126650100   13,777,982 172,743 SH   SOLE   141,620 0 31,123
Darling Ingredients Inc. Common 237266101   132,414,482 2,847,011 SH   SOLE   2,475,740 0 371,271
Davis Select Financial ETF ETF 23908L108   70,919,391 2,128,485 SH   SOLE   2,128,485 0 0
Davis Select International ETF ETF 23908L405   74,583,395 3,866,428 SH   SOLE   3,866,428 0 0
Davis Select U.S. Equity ETF ETF 23908L207   136,684,291 3,385,789 SH   SOLE   3,385,789 0 0
Davis Select Worldwide ETF ETF 23908L306   62,254,565 1,916,112 SH   SOLE   1,916,112 0 0
Digital Realty Trust, Inc. Common 253868103   14,687,039 101,965 SH   SOLE   55,565 0 46,400
Douglas Emmett, Inc Common 25960P109   3,560,429 256,700 SH   SOLE   142,170 0 114,530
Equinix, Inc. Common 29444U700   14,251,798 17,268 SH   SOLE   9,758 0 7,510
Equity Residential Common 29476L107   8,816,783 139,705 SH   SOLE   79,050 0 60,655
Essex Property Trust, Inc. Common 297178105   11,337,396 46,311 SH   SOLE   26,340 0 19,971
Everest Group, Ltd. Common G3223R108   16,380,578 41,209 SH   SOLE   41,209 0 0
Extra Space Storage, Inc. Common 30225T102   5,871,915 39,945 SH   SOLE   23,000 0 16,945
Federal Realty Investment Trust Common 313745101   6,266,083 61,360 SH   SOLE   31,210 0 30,150
Ferguson PLC Common G3421J106   21,669,785 99,207 SH   SOLE   83,998 0 15,209
Fifth Third Bancorp Common 316773100   92,473,883 2,485,189 SH   SOLE   2,485,189 0 0
Healthpeak Properties, Inc. Common 42250P103   4,795,238 255,746 SH   SOLE   134,520 0 121,226
Highwoods Properties Inc. Common 431284108   4,202,675 160,530 SH   SOLE   82,220 0 78,310
Hollysys Automation Technologies Ltd. Common G45667105   16,741,266 654,467 SH   SOLE   654,467 0 0
Hudson Pacific Properties Inc. Common 444097109   4,437,297 687,953 SH   SOLE   384,830 0 303,123
Humana Inc. Common 444859102   690,017,527 1,990,129 SH   SOLE   1,753,513 0 236,616
IAC Inc. Common 44891N208   144,190,661 2,703,237 SH   SOLE   2,385,051 0 318,186
Intel Corp. Common 458140100   299,968,099 6,791,218 SH   SOLE   5,967,263 0 823,955
JD.com Inc., Class A, ADR ADR 47215P106   120,099,179 4,384,782 SH   SOLE   4,334,844 0 49,938
Johnson Controls International plc Common G51502105   28,526,812 436,724 SH   SOLE   366,290 0 70,434
JPMorgan Chase & Co. Common 46625H100   646,502,091 3,227,669 SH   SOLE   2,896,026 0 331,643
KE Holdings Inc., Class A, ADR ADR 482497104   82,518,467 6,010,085 SH   SOLE   5,896,078 0 114,007
Lam Research Corp. Common 512807108   1,193,088 1,228 SH   SOLE   1,228 0 0
Liberty Formula One, Series A Common 531229771   21,665,837 368,843 SH   SOLE   364,868 0 3,975
Loews Corp. Common 540424108   49,288,174 629,559 SH   SOLE   629,559 0 0
M & T Bank Corp Common 55261F104   7,017,044 48,247 SH   SOLE   48,247 0 0
Markel Group, Inc Common 570535104   435,281,734 286,091 SH   SOLE   256,415 0 29,676
Masterbrand, Inc. Common 57638P104   16,130,381 860,746 SH   SOLE   688,467 0 172,279
Meta Platforms, Inc., Class A Common 30303M102   1,495,034,560 3,078,864 SH   SOLE   2,843,640 0 235,224
MGM Resorts International Common 552953101   561,576,121 11,895,279 SH   SOLE   10,607,472 0 1,287,807
Microsoft Corp. Common 594918104   108,817,125 258,645 SH   SOLE   190,780 0 67,865
Noah Holdings Ltd., Class A, ADS ADR 65487X102   8,669,975 758,528 SH   SOLE   743,208 0 15,320
Oracle Corporation Common 68389X105   17,750,326 141,313 SH   SOLE   113,071 0 28,242
Owens Corning Common 690742101   386,341,994 2,316,199 SH   SOLE   1,983,657 0 332,542
PNC Financial Services Group, Inc. Common 693475105   80,690,112 499,320 SH   SOLE   499,320 0 0
Prologis, Inc. Common 74340W103   23,603,156 181,256 SH   SOLE   100,889 0 80,367
Public Storage, Inc. Common 74460D109   15,274,560 52,660 SH   SOLE   28,690 0 23,970
Quest Diagnostics Inc. Common 74834L100   316,956,607 2,381,163 SH   SOLE   2,078,841 0 302,322
Regency Centers Corporation Common 758849103   7,348,350 121,340 SH   SOLE   65,600 0 55,740
Retail Opportunity Investments Corp. Common 76131N101   7,228,493 563,845 SH   SOLE   297,525 0 266,320
Rexford Industrial Realty, Inc. Common 76169C100   10,543,383 209,610 SH   SOLE   116,510 0 93,100
RH Common 74967X103   780,102 2,240 SH   SOLE   2,240 0 0
Rocket Companies, Inc., Class A Common 77311W101   47,059,923 3,234,359 SH   SOLE   3,234,359 0 0
SAP SE - ADR ADR 803054204   22,828,651 117,052 SH   SOLE   98,200 0 18,852
Simon Property Group, Inc. Common 828806109   16,839,889 107,610 SH   SOLE   61,810 0 45,800
Skechers U.S.A., Inc., Class A Common 830566105   458,837 7,490 SH   SOLE   7,490 0 0
SL Green Realty Corp. Common 78440X887   4,643,049 84,220 SH   SOLE   45,970 0 38,250
State Street Corp. Common 857477103   4,246,182 54,917 SH   SOLE   54,917 0 0
Sun Communities, Inc. Common 866674104   6,266,989 48,740 SH   SOLE   25,840 0 22,900
Sunstone Hotel Investors, Inc. Common 867892101   9,094,473 816,380 SH   SOLE   463,010 0 353,370
Teck Resources Ltd., Class B Common 878742204   530,315,749 11,584,005 SH   SOLE   10,327,760 0 1,256,245
Terreno Realty Corp. Common 88146M101   10,532,169 158,617 SH   SOLE   83,444 0 75,173
Texas Instruments, Inc. Common 882508104   413,529,232 2,373,740 SH   SOLE   2,009,632 0 364,108
Truist Financial Corp. Common 89832Q109   5,258,870 134,912 SH   SOLE   134,912 0 0
U.S. Bancorp Common 902973304   634,069,808 14,185,007 SH   SOLE   12,711,282 0 1,473,725
UDR, Inc. Common 902653104   7,542,978 201,630 SH   SOLE   106,520 0 95,110
UnitedHealth Group Inc. Common 91324P102   44,450,279 89,853 SH   SOLE   72,439 0 17,414
Ventas, Inc. Common 92276F100   12,448,521 285,910 SH   SOLE   162,790 0 123,120
Viatris Inc. Common 92556V106   686,136,864 57,465,399 SH   SOLE   49,956,724 0 7,508,675
VICI Properties, Inc. Common 925652109   4,393,131 147,470 SH   SOLE   87,450 0 60,020
Wells Fargo & Co. Common 949746101   1,362,263,481 23,503,511 SH   SOLE   21,232,286 0 2,271,225
Welltower, Inc. Common 95040Q104   12,144,397 129,970 SH   SOLE   75,680 0 54,290
Wesco International, Inc. Common 95082P105   32,683,992 190,822 SH   SOLE   160,283 0 30,539