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
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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 Stock 001084102   194,109,559 1,812,922 SH   SOLE   1,810,832 0 2,090
Alexandria Real Estate Equities, Inc. Common Stock 015271109   15,014,284 180,157 SH   SOLE   86,633 0 93,524
Alphabet Inc., Class A Common Stock 02079K305   673,531,304 2,770,594 SH   SOLE   2,763,198 0 7,396
Alphabet Inc., Class C Common Stock 02079K107   157,345,721 646,051 SH   SOLE   646,051 0 0
Amazon.com, Inc. Common Stock 023135106   689,007,586 3,137,986 SH   SOLE   3,131,321 0 6,665
American Express Co. Common Stock 025816109   82,355,848 247,940 SH   SOLE   246,383 0 1,557
American Homes 4 Rent - Class A Common Stock 02665T306   9,496,200 285,600 SH   SOLE   146,260 0 139,340
American Tower Corp Common Stock 03027X100   12,629,654 65,670 SH   SOLE   38,640 0 27,030
ANGI Inc., Class A Common Stock 00183L201   15,430,837 949,006 SH   SOLE   949,006 0 0
Applied Materials, Inc. Common Stock 038222105   1,137,124,285 5,553,992 SH   SOLE   5,542,850 0 11,142
AppLovin Corp., Class A Common Stock 03831W108   160,646,862 223,574 SH   SOLE   223,574 0 0
AvalonBay Communities, Inc. Common Stock 053484101   12,861,259 66,580 SH   SOLE   32,770 0 33,810
Bank of America Corp. Common Stock 060505104   59,358,887 1,150,589 SH   SOLE   1,150,589 0 0
Bank of N.T. Butterfield & Son Limited Common Stock G0772R208   45,443,396 1,058,793 SH   SOLE   1,058,793 0 0
Bank of New York Mellon Corp. Common Stock 064058100   110,123,786 1,010,681 SH   SOLE   1,000,529 0 10,152
Berkshire Hathaway Inc., Class A Common Stock 084670108   752,691,600 998 SH   SOLE   998 0 0
Berkshire Hathaway Inc., Class B Common Stock 084670702   268,437,018 533,948 SH   SOLE   530,092 0 3,856
Brixmor Property Group, Inc. Common Stock 11120U105   15,777,600 570,000 SH   SOLE   299,910 0 270,090
BXP, Inc. Common Stock 101121101   17,823,758 239,760 SH   SOLE   120,880 0 118,880
Camden Property Trust Common Stock 133131102   9,516,234 89,120 SH   SOLE   47,970 0 41,150
Capital One Financial Corp. Common Stock 14040H105   1,781,445,282 8,380,117 SH   SOLE   8,371,925 0 8,192
Charles Schwab Corp. Common Stock 808513105   28,301,222 296,441 SH   SOLE   296,441 0 0
Chime Financial, Inc. Common Stock 16935C109   48,391,178 2,399,166 SH   SOLE   2,399,166 0 0
Chubb Ltd. Common Stock H1467J104   302,133,175 1,070,445 SH   SOLE   1,067,418 0 3,027
Cigna Group Common Stock 125523100   189,183,664 656,318 SH   SOLE   655,728 0 590
Community Healthcare Trust, Inc. Common Stock 20369C106   5,097,807 333,190 SH   SOLE   169,500 0 163,690
ConocoPhillips Common Stock 20825C104   151,278,828 1,599,311 SH   SOLE   1,596,801 0 2,510
COPT Defense Properties Common Stock 22002T108   8,779,607 302,120 SH   SOLE   145,510 0 156,610
Coterra Energy, Inc. Common Stock 127097103   470,244,326 19,883,481 SH   SOLE   19,865,191 0 18,290
Cousins Properties, Inc. Common Stock 222795502   14,827,554 512,355 SH   SOLE   256,840 0 255,515
Crown Castle, Inc. Common Stock 22822V101   4,172,228 43,240 SH   SOLE   24,150 0 19,090
Crown Holdings, Inc. Common Stock 228368106   827,776 8,570 SH   SOLE   8,570 0 0
CVS Health Corporation Common Stock 126650100   859,720,495 11,403,641 SH   SOLE   11,393,511 0 10,130
Darling Ingredients Inc. Common Stock 237266101   75,753,128 2,453,940 SH   SOLE   2,451,550 0 2,390
Davis Select Financial ETF ETF 23908L108   96,312,281 2,129,860 SH   SOLE   2,129,860 0 0
Davis Select International ETF ETF 23908L405   108,844,451 3,890,080 SH   SOLE   3,890,080 0 0
Davis Select U.S. Equity ETF ETF 23908L207   162,062,531 3,383,338 SH   SOLE   3,383,338 0 0
Davis Select Worldwide ETF ETF 23908L306   86,673,671 1,916,287 SH   SOLE   1,916,287 0 0
Digital Realty Trust, Inc. Common Stock 253868103   14,051,686 81,280 SH   SOLE   38,010 0 43,270
Douglas Emmett, Inc Common Stock 25960P109   4,945,032 317,600 SH   SOLE   159,390 0 158,210
Eastgroup Properties, Inc. Common Stock 277276101   8,960,624 52,940 SH   SOLE   26,360 0 26,580
Equinix, Inc. Common Stock 29444U700   17,076,982 21,803 SH   SOLE   9,433 0 12,370
Equity Residential Common Stock 29476L107   6,940,027 107,215 SH   SOLE   58,570 0 48,645
Essex Property Trust, Inc. Common Stock 297178105   4,537,105 16,951 SH   SOLE   8,270 0 8,681
Everest Group, Ltd. Common Stock G3223R108   13,808,868 39,428 SH   SOLE   39,428 0 0
Extra Space Storage, Inc. Common Stock 30225T102   7,759,452 55,055 SH   SOLE   31,930 0 23,125
Fifth Third Bancorp Common Stock 316773100   118,898,114 2,668,869 SH   SOLE   2,668,869 0 0
Full Truck Alliance Co. Ltd., ADR ADR 35969L108   194,313,596 14,981,773 SH   SOLE   14,981,773 0 0
Healthpeak Properties, Inc. Common Stock 42250P103   8,557,484 446,866 SH   SOLE   219,150 0 227,716
Hudson Pacific Properties Inc. Common Stock 444097109   6,348,505 2,300,183 SH   SOLE   1,289,340 0 1,010,843
Humana Inc. Common Stock 444859102   100,305,682 385,539 SH   SOLE   385,539 0 0
IAC Inc. Common Stock 44891N208   76,442,484 2,243,689 SH   SOLE   2,240,379 0 3,310
iShares S&P 500 Value Index Fund ETF 464287408   1,365,857 6,614 SH   SOLE   6,614 0 0
JD.com Inc., Class A, ADR ADR 47215P106   11,953,051 341,711 SH   SOLE   341,711 0 0
Johnson Controls International plc Common Stock G51502105   20,451,140 186,004 SH   SOLE   186,004 0 0
JPMorgan Chase & Co. Common Stock 46625H100   187,878,341 595,626 SH   SOLE   592,405 0 3,221
KE Holdings Inc., Class A, ADR ADR 482497104   35,184,276 1,851,804 SH   SOLE   1,851,804 0 0
Lam Research Corp. Common Stock 512807306   1,644,292 12,280 SH   SOLE   12,280 0 0
Loews Corp. Common Stock 540424108   59,802,022 595,697 SH   SOLE   595,697 0 0
M & T Bank Corp Common Stock 55261F104   10,083,956 51,027 SH   SOLE   51,027 0 0
Markel Group, Inc Common Stock 570535104   713,946,478 373,528 SH   SOLE   372,921 0 607
Meta Platforms, Inc., Class A Common Stock 30303M102   1,259,839,100 1,715,514 SH   SOLE   1,713,670 0 1,844
MGM Resorts International Common Stock 552953101   830,226,646 23,953,452 SH   SOLE   23,930,292 0 23,160
Microsoft Corp. Common Stock 594918104   27,091,893 52,306 SH   SOLE   52,306 0 0
Mid-America Apartment Communities, Inc. Common Stock 59522J103   8,503,968 60,860 SH   SOLE   30,240 0 30,620
NetEase Inc. - ADR ADR 64110W102   90,394,533 594,740 SH   SOLE   594,740 0 0
NetSTREIT Corp. Common Stock 64119V303   6,183,925 342,410 SH   SOLE   181,620 0 160,790
Noah Holdings Ltd., Class A, ADS ADR 65487X102   11,840,170 1,021,585 SH   SOLE   1,021,585 0 0
NVIDIA Corp. Common Stock 67066G104   16,753,951 89,795 SH   SOLE   89,795 0 0
Oracle Corporation Common Stock 68389X105   18,857,704 67,052 SH   SOLE   67,052 0 0
Owens Corning Common Stock 690742101   251,426,336 1,777,367 SH   SOLE   1,775,072 0 2,295
Pinterest, Inc., Class A Common Stock 72352L106   253,887,474 7,892,057 SH   SOLE   7,887,877 0 4,180
PNC Financial Services Group, Inc. Common Stock 693475105   100,830,090 501,817 SH   SOLE   501,817 0 0
Prologis, Inc. Common Stock 74340W103   22,693,970 198,166 SH   SOLE   77,189 0 120,977
Public Storage, Inc. Common Stock 74460D109   12,885,599 44,610 SH   SOLE   20,480 0 24,130
Quest Diagnostics Inc. Common Stock 74834L100   259,496,015 1,361,612 SH   SOLE   1,360,582 0 1,030
Realty Income Corp. Common Stock 756109104   5,688,728 93,580 SH   SOLE   0 0 93,580
Regency Centers Corporation Common Stock 758849103   10,214,019 140,110 SH   SOLE   69,220 0 70,890
RenaissanceRe Holdings Ltd Common Stock G7496G103   36,348,810 143,145 SH   SOLE   143,145 0 0
Restaurant Brands International, Inc. Common Stock 76131D103   227,208,766 3,542,388 SH   SOLE   3,538,998 0 3,390
Rexford Industrial Realty, Inc. Common Stock 76169C100   16,244,617 395,150 SH   SOLE   201,180 0 193,970
RH Common Stock 74967X103   455,078 2,240 SH   SOLE   2,240 0 0
Rocket Companies, Inc., Class A Common Stock 77311W101   60,741,455 3,134,234 SH   SOLE   3,134,234 0 0
SAP SE - ADR ADR 803054204   12,501,954 46,787 SH   SOLE   46,787 0 0
Sea Ltd., Class A, ADR ADR 81141R100   78,747,366 440,594 SH   SOLE   440,594 0 0
Simon Property Group, Inc. Common Stock 828806109   14,400,482 76,733 SH   SOLE   35,873 0 40,860
Solventum Corp. Common Stock 83444M101   402,785,603 5,517,611 SH   SOLE   5,512,541 0 5,070
State Street Corp. Common Stock 857477103   12,040,098 103,785 SH   SOLE   103,785 0 0
Sun Communities, Inc. Common Stock 866674104   5,669,550 43,950 SH   SOLE   22,460 0 21,490
Sunstone Hotel Investors, Inc. Common Stock 867892101   12,291,566 1,311,800 SH   SOLE   713,790 0 598,010
Synopsys, Inc. Common Stock 871607107   4,270,290 8,655 SH   SOLE   8,655 0 0
Taiwan Semiconductor Manufacturing, ADR ADR 874039100   2,010,888 7,200 SH   SOLE   7,200 0 0
Teck Resources Ltd., Class B Common Stock 878742204   483,828,525 11,023,662 SH   SOLE   11,013,142 0 10,520
Terreno Realty Corp. Common Stock 88146M101   6,861,472 120,907 SH   SOLE   56,184 0 64,723
Texas Instruments, Inc. Common Stock 882508104   425,777,369 2,317,408 SH   SOLE   2,311,406 0 6,002
Trip.com Group Ltd., ADR ADR 89677Q107   371,596,664 4,941,445 SH   SOLE   4,941,445 0 0
Truist Financial Corp. Common Stock 89832Q109   7,152,300 156,437 SH   SOLE   156,437 0 0
Tyson Foods Inc Common Stock 902494103   540,943,496 9,962,127 SH   SOLE   9,952,797 0 9,330
U.S. Bancorp Common Stock 902973304   939,127,395 19,431,562 SH   SOLE   19,408,906 0 22,656
UDR, Inc. Common Stock 902653104   6,937,439 186,190 SH   SOLE   89,280 0 96,910
UnitedHealth Group Inc. Common Stock 91324P102   393,401,326 1,139,303 SH   SOLE   1,138,203 0 1,100
Vale S.A., ADR ADR 91912E105   31,832,810 2,931,198 SH   SOLE   2,931,198 0 0
Ventas, Inc. Common Stock 92276F100   8,211,927 117,330 SH   SOLE   55,770 0 61,560
Viatris Inc. Common Stock 92556V106   686,521,885 69,345,645 SH   SOLE   69,277,955 0 67,690
VICI Properties, Inc. Common Stock 925652109   7,226,702 221,610 SH   SOLE   92,550 0 129,060
Wells Fargo & Co. Common Stock 949746101   652,626,920 7,786,052 SH   SOLE   7,763,111 0 22,941
Wesco International, Inc. Common Stock 95082P105   61,878,555 292,570 SH   SOLE   292,570 0 0