AGCO Corporation Common 001084102 132885118 1357633 SH SOLE 1314557 0 43076 Alexandria Real Estate Equities, Inc. Common 015271109 0 141587 SH SOLE 76943 0 64644 Alibaba Group Holding Ltd., ADR ADR 01609W102 12233376 169908 SH SOLE 169908 0 0 Alphabet Inc., Class A Common 02079K305 560006575 3074425 SH SOLE 2984189 0 90236 Alphabet Inc., Class C Common 02079K107 123890489 675447 SH SOLE 662132 0 13315 Amazon.com, Inc. Common 023135106 1105456478 5720344 SH SOLE 5566516 0 153828 American Express Co. Common 025816109 84238536 363803 SH SOLE 362266 0 1537 American Homes 4 Rent - Class A Common 02665T306 0 222270 SH SOLE 126690 0 95580 American Tower Corp Common 03027X100 0 76070 SH SOLE 41080 0 34990 Applied Materials, Inc. Common 038222105 987836266 4185924 SH SOLE 4048217 0 137707 AvalonBay Communities, Inc. Common 053484101 0 57770 SH SOLE 31380 0 26390 Baidu, Inc. Class A, ADR ADR 056752108 4050810 46841 SH SOLE 46841 0 0 Bank of America Corp. Common 060505104 47360860 1190869 SH SOLE 1190869 0 0 Bank of N.T. Butterfield & Son Limited Common G0772R208 37941541 1080340 SH SOLE 1080340 0 0 Bank of New York Mellon Corp. Common 064058100 446234852 7450908 SH SOLE 7276655 0 174253 Berkshire Hathaway Inc., Class A Common 084670108 1121013271 1831 SH SOLE 1831 0 0 Berkshire Hathaway Inc., Class B Common 084670702 329574309 810163 SH SOLE 743076 0 67087 Boston Properties, Inc. Common 101121101 0 154730 SH SOLE 84330 0 70400 Brixmor Property Group, Inc. Common 11120U105 0 503980 SH SOLE 287370 0 216610 Camden Property Trust Common 133131102 0 70430 SH SOLE 41790 0 28640 Capital One Financial Corp. Common 14040H105 1334034443 9635496 SH SOLE 9414358 0 221138 Charles Schwab Corp. Common 808513105 22459901 304789 SH SOLE 304789 0 0 Chubb Ltd. Common H1467J104 320594770 1256840 SH SOLE 1229631 0 27209 Cigna Group Common 125523100 478046863 1446129 SH SOLE 1394434 0 51695 Clear Secure, Inc. Common 18467V109 11034484 589764 SH SOLE 565959 0 23805 Community Healthcare Trust, Inc. Common 20369C106 0 219990 SH SOLE 120590 0 99400 ConocoPhillips Common 20825C104 43461083 379971 SH SOLE 379105 0 866 Coupang, Inc., Class A Common 22266T109 125172940 5974842 SH SOLE 5974842 0 0 Cousins Properties, Inc. Common 222795502 0 682525 SH SOLE 366010 0 316515 Crown Castle, Inc. Common 22822V101 0 41950 SH SOLE 22950 0 19000 Crown Holdings, Inc. Common 228368106 637522 8570 SH SOLE 8570 0 0 CVS Health Corporation Common 126650100 21544025 364782 SH SOLE 326929 0 37853 Darling Ingredients Inc. Common 237266101 104286137 2837718 SH SOLE 2723993 0 113725 Davis Select Financial ETF ETF 23908L108 70685356 2128485 SH SOLE 2128485 0 0 Davis Select International ETF ETF 23908L405 76908114 3866428 SH SOLE 3866428 0 0 Davis Select U.S. Equity ETF ETF 23908L207 137530738 3385789 SH SOLE 3385789 0 0 Davis Select Worldwide ETF ETF 23908L306 63894663 1916112 SH SOLE 1916112 0 0 Digital Realty Trust, Inc. Common 253868103 0 101905 SH SOLE 55505 0 46400 Douglas Emmett, Inc Common 25960P109 0 127180 SH SOLE 70450 0 56730 Equinix, Inc. Common 29444U700 0 17258 SH SOLE 9748 0 7510 Equity Residential Common 29476L107 0 103015 SH SOLE 59440 0 43575 Essex Property Trust, Inc. Common 297178105 0 46271 SH SOLE 26300 0 19971 Everest Group, Ltd. Common G3223R108 15579527 40889 SH SOLE 40889 0 0 Extra Space Storage, Inc. Common 30225T102 0 61595 SH SOLE 34990 0 26605 Federal Realty Investment Trust Common 313745101 0 61320 SH SOLE 31170 0 30150 Fifth Third Bancorp Common 316773100 90425103 2478079 SH SOLE 2478079 0 0 Healthpeak Properties, Inc. Common 42250P103 0 255476 SH SOLE 134250 0 121226 Highwoods Properties Inc. Common 431284108 0 160530 SH SOLE 82220 0 78310 Hollysys Automation Technologies Ltd. Common G45667105 4777268 220761 SH SOLE 220761 0 0 Hudson Pacific Properties Inc. Common 444097109 0 1224493 SH SOLE 685270 0 539223 Humana Inc. Common 444859102 863640411 2311362 SH SOLE 2246128 0 65234 IAC Inc. Common 44891N208 126692098 2704207 SH SOLE 2627862 0 76345 Intel Corp. Common 458140100 391532520 12642316 SH SOLE 12269731 0 372585 iShares S&P 500 Value Index Fund ETF 464287408 4310179 23681 SH SOLE 20553 0 3128 JD.com Inc., Class A, ADR ADR 47215P106 111238926 4304912 SH SOLE 4304912 0 0 Johnson Controls International plc Common G51502105 29223004 439642 SH SOLE 397965 0 41677 JPMorgan Chase & Co. Common 46625H100 374050139 1849353 SH SOLE 1810326 0 39027 KE Holdings Inc., Class A, ADR ADR 482497104 84832504 5995230 SH SOLE 5995230 0 0 Lam Research Corp. Common 512807108 1307636 1228 SH SOLE 1228 0 0 Liberty Formula One, Series A Common 531229771 22985412 357861 SH SOLE 357861 0 0 Loews Corp. Common 540424108 46851442 626859 SH SOLE 626859 0 0 M & T Bank Corp Common 55261F104 7302666 48247 SH SOLE 48247 0 0 Markel Group, Inc Common 570535104 452310535 287061 SH SOLE 278521 0 8540 Masterbrand, Inc. Common 57638P104 12089068 823506 SH SOLE 729240 0 94266 Meta Platforms, Inc., Class A Common 30303M102 1542669707 3059517 SH SOLE 3001704 0 57813 MGM Resorts International Common 552953101 529349682 11911559 SH SOLE 11653716 0 257843 Microsoft Corp. Common 594918104 115367628 258122 SH SOLE 241455 0 16667 Mid-America Apartment Communities, Inc. Common 59522J103 0 24080 SH SOLE 13300 0 10780 Noah Holdings Ltd., Class A, ADS ADR 65487X102 16227922 1681650 SH SOLE 1681650 0 0 Oracle Corporation Common 68389X105 19504238 138132 SH SOLE 124357 0 13775 Owens Corning Common 690742101 395339642 2275729 SH SOLE 2186322 0 89407 PNC Financial Services Group, Inc. Common 693475105 79350773 510360 SH SOLE 510360 0 0 Prologis, Inc. Common 74340W103 0 236886 SH SOLE 131879 0 105007 Public Storage, Inc. Common 74460D109 0 55620 SH SOLE 30420 0 25200 Quest Diagnostics Inc. 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Common 95040Q104 0 96500 SH SOLE 57050 0 39450 Wesco International, Inc. Common 95082P105 30696764 193646 SH SOLE 175426 0 18220