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
Adobe Inc. Common Stock 00724F101   10,973,207 45,139 SH   SOLE   39,806 0 5,333
AGCO Corporation Common Stock 001084102   241,781,462 2,086,643 SH   SOLE   2,005,385 0 81,258
Alexandria Real Estate Equities, Inc. Common Stock 015271109   8,393,061 180,807 SH   SOLE   85,033 0 95,774
Alphabet Inc., Class A Common Stock 02079K305   889,903,016 3,094,659 SH   SOLE   2,996,493 0 98,166
Alphabet Inc., Class C Common Stock 02079K107   194,380,010 677,607 SH   SOLE   658,017 0 19,590
Amazon.com, Inc. Common Stock 023135106   713,380,223 3,425,252 SH   SOLE   3,323,733 0 101,519
American Express Co. Common Stock 025816109   70,516,043 233,126 SH   SOLE   231,562 0 1,564
American Homes 4 Rent - Class A Common Stock 02665T306   7,738,586 277,170 SH   SOLE   141,090 0 136,080
American Tower Corp Common Stock 03027X100   11,152,120 64,620 SH   SOLE   37,210 0 27,410
ANGI Inc., Class A Common Stock 00183L201   6,500,602 948,993 SH   SOLE   948,993 0 0
Applied Materials, Inc. Common Stock 038222105   409,163,760 1,197,102 SH   SOLE   1,151,334 0 45,768
AppLovin Corp., Class A Common Stock 03831W108   133,654,972 335,810 SH   SOLE   323,103 0 12,707
AvalonBay Communities, Inc. Common Stock 053484101   13,063,100 79,970 SH   SOLE   38,450 0 41,520
Bank of America Corp. Common Stock 060505104   56,511,195 1,159,204 SH   SOLE   1,159,204 0 0
Bank of N.T. Butterfield & Son Limited Common Stock G0772R208   56,317,810 1,073,129 SH   SOLE   1,073,129 0 0
Bank of New York Mellon Corp. Common Stock 064058100   62,307,765 525,228 SH   SOLE   516,312 0 8,916
Berkshire Hathaway Inc., Class A Common Stock 084670108   662,843,220 923 SH   SOLE   923 0 0
Berkshire Hathaway Inc., Class B Common Stock 084670702   359,336,086 749,846 SH   SOLE   694,976 0 54,870
Brixmor Property Group, Inc. Common Stock 11120U105   16,219,296 563,170 SH   SOLE   289,260 0 273,910
BXP, Inc. Common Stock 101121101   12,310,161 237,190 SH   SOLE   116,620 0 120,570
Camden Property Trust Common Stock 133131102   8,595,057 88,010 SH   SOLE   46,270 0 41,740
Capital One Financial Corp. Common Stock 14040H105   1,557,906,471 8,539,736 SH   SOLE   8,334,239 0 205,497
CBRE Group, Inc. Common Stock 12504L109   3,469,131 25,610 SH   SOLE   25,610 0 0
Charles Schwab Corp. Common Stock 808513105   29,226,088 310,982 SH   SOLE   310,982 0 0
Chime Financial, Inc. Common Stock 16935C109   47,559,328 2,539,206 SH   SOLE   2,539,206 0 0
Chubb Ltd. Common Stock H1467J104   389,618,110 1,195,391 SH   SOLE   1,168,588 0 26,803
Cigna Group Common Stock 125523100   595,905,881 2,233,929 SH   SOLE   2,156,824 0 77,105
Community Healthcare Trust, Inc. Common Stock 20369C106   5,244,336 330,040 SH   SOLE   164,040 0 166,000
ConocoPhillips Common Stock 20825C104   247,558,331 1,875,428 SH   SOLE   1,816,618 0 58,810
COPT Defense Properties Common Stock 22002T108   9,155,520 299,200 SH   SOLE   140,370 0 158,830
Coterra Energy, Inc. Common Stock 127097103   1,304,375,994 37,119,404 SH   SOLE   36,059,235 0 1,060,169
Cousins Properties, Inc. Common Stock 222795502   13,236,515 586,465 SH   SOLE   286,750 0 299,715
Crown Castle, Inc. Common Stock 22822V101   3,408,515 41,920 SH   SOLE   23,280 0 18,640
Crown Holdings, Inc. Common Stock 228368106   859,143 8,570 SH   SOLE   8,570 0 0
CubeSmart Common Stock 229663109   3,381,696 92,270 SH   SOLE   44,070 0 48,200
CVS Health Corporation Common Stock 126650100   879,053,606 12,239,666 SH   SOLE   11,889,739 0 349,927
Darling Ingredients Inc. Common Stock 237266101   11,622,128 187,905 SH   SOLE   167,202 0 20,703
Davis Select Financial ETF ETF 23908L108   95,539,059 2,130,666 SH   SOLE   2,130,666 0 0
Davis Select International ETF ETF 23908L405   105,392,349 3,915,748 SH   SOLE   3,915,748 0 0
Davis Select U.S. Equity ETF ETF 23908L207   172,553,800 3,400,745 SH   SOLE   3,400,745 0 0
Davis Select Worldwide ETF ETF 23908L306   84,797,995 1,935,585 SH   SOLE   1,935,585 0 0
Digital Realty Trust, Inc. Common Stock 253868103   14,214,965 78,880 SH   SOLE   36,630 0 42,250
Douglas Emmett, Inc Common Stock 25960P109   2,903,715 308,250 SH   SOLE   153,750 0 154,500
Eastgroup Properties, Inc. Common Stock 277276101   9,693,163 52,370 SH   SOLE   25,420 0 26,950
Equinix, Inc. Common Stock 29444U700   20,803,634 21,223 SH   SOLE   8,603 0 12,620
Equity Residential Common Stock 29476L107   6,256,000 105,765 SH   SOLE   56,430 0 49,335
Essex Property Trust, Inc. Common Stock 297178105   4,056,162 16,761 SH   SOLE   7,950 0 8,811
Everest Group, Ltd. Common Stock G3223R108   46,055,780 140,908 SH   SOLE   140,908 0 0
Extra Space Storage, Inc. Common Stock 30225T102   3,689,343 28,135 SH   SOLE   18,330 0 9,805
Fermi Inc. Common Stock 314911108   1,785,463 305,730 SH   SOLE   305,730 0 0
Fifth Third Bancorp Common Stock 316773100   130,716,372 2,813,525 SH   SOLE   2,813,525 0 0
Fiserv, Inc. Common Stock 337738108   32,859,783 588,885 SH   SOLE   588,885 0 0
Full Truck Alliance Co. Ltd., ADR ADR 35969L108   238,734,483 28,763,191 SH   SOLE   28,760,240 0 2,951
Healthpeak Properties, Inc. Common Stock 42250P103   10,600,735 645,206 SH   SOLE   311,160 0 334,046
Hudson Pacific Properties, Inc. Common Stock 444097406   1,904,060 322,176 SH   SOLE   180,633 0 141,543
IAC Inc. Common Stock 44891N208   96,602,764 2,413,247 SH   SOLE   2,341,913 0 71,334
iShares S&P 500 Value Index Fund ETF 464287408   2,454,408 11,624 SH   SOLE   10,322 0 1,302
Janus Living, Inc. Common Stock 471024109   235,700 10,000 SH   SOLE   4,815 0 5,185
JBS N.V., Class A Common Stock N4732M103   471,354,100 26,244,660 SH   SOLE   26,243,761 0 899
JD.com Inc., Class A, ADR ADR 47215P106   8,380,670 283,418 SH   SOLE   283,418 0 0
Johnson Controls International plc Common Stock G51502105   25,389,044 193,880 SH   SOLE   175,685 0 18,195
Jones Lang LaSalle, Inc. Common Stock 48020Q107   3,772,046 12,395 SH   SOLE   12,395 0 0
JPMorgan Chase & Co. Common Stock 46625H100   163,685,995 556,452 SH   SOLE   554,104 0 2,348
KE Holdings Inc., Class A, ADR ADR 482497104   27,721,505 1,851,804 SH   SOLE   1,851,804 0 0
Lam Research Corp. Common Stock 512807306   593,975 2,780 SH   SOLE   2,780 0 0
Loews Corp. Common Stock 540424108   65,548,714 614,097 SH   SOLE   614,097 0 0
LyondellBasell Industries N.V. Common Stock N53745100   450,862,358 5,596,588 SH   SOLE   5,481,511 0 115,077
M & T Bank Corp Common Stock 55261F104   12,466,250 60,305 SH   SOLE   60,305 0 0
Markel Group, Inc Common Stock 570535104   733,959,392 383,433 SH   SOLE   372,732 0 10,701
Meta Platforms, Inc., Class A Common Stock 30303M102   983,589,944 1,719,156 SH   SOLE   1,670,369 0 48,787
MGM Resorts International Common Stock 552953101   899,170,639 24,295,338 SH   SOLE   23,584,147 0 711,191
Microsoft Corp. Common Stock 594918104   29,055,340 78,489 SH   SOLE   71,330 0 7,159
Mid-America Apartment Communities, Inc. Common Stock 59522J103   5,864,202 48,020 SH   SOLE   23,420 0 24,600
NetEase Inc. - ADR ADR 64110W102   47,318,692 422,712 SH   SOLE   422,672 0 40
Noah Holdings Ltd., Class A, ADS ADR 65487X102   10,113,691 1,021,585 SH   SOLE   1,021,585 0 0
NVIDIA Corp. Common Stock 67066G104   19,804,679 113,556 SH   SOLE   101,452 0 12,104
Oracle Corporation Common Stock 68389X105   11,830,222 80,414 SH   SOLE   70,707 0 9,707
Owens Corning Common Stock 690742101   227,364,957 2,100,935 SH   SOLE   2,004,445 0 96,490
Pinterest, Inc., Class A Common Stock 72352L106   227,418,012 12,400,101 SH   SOLE   12,026,756 0 373,345
PNC Financial Services Group, Inc. Common Stock 693475105   112,768,549 541,922 SH   SOLE   541,922 0 0
Prologis, Inc. Common Stock 74340W103   24,134,217 182,586 SH   SOLE   74,459 0 108,127
Public Storage, Inc. Common Stock 74460D109   11,176,509 41,260 SH   SOLE   16,790 0 24,470
Quest Diagnostics Inc. Common Stock 74834L100   317,062,477 1,617,813 SH   SOLE   1,519,260 0 98,553
Realty Income Corp. Common Stock 756109104   5,806,594 94,910 SH   SOLE   0 0 94,910
Regency Centers Corporation Common Stock 758849103   10,488,746 138,630 SH   SOLE   66,740 0 71,890
RenaissanceRe Holdings Ltd Common Stock G7496G103   76,444,584 257,190 SH   SOLE   257,190 0 0
Restaurant Brands International, Inc. Common Stock 76131D103   265,976,460 3,599,127 SH   SOLE   3,522,267 0 76,860
Rexford Industrial Realty, Inc. Common Stock 76169C100   6,860,535 209,610 SH   SOLE   66,050 0 143,560
Rocket Companies, Inc., Class A Common Stock 77311W101   68,735,873 4,823,570 SH   SOLE   4,823,570 0 0
SAP SE - ADR ADR 803054204   54,346,905 317,422 SH   SOLE   312,081 0 5,341
Sea Ltd., Class A, ADR ADR 81141R100   153,184,692 1,849,831 SH   SOLE   1,849,692 0 139
Simon Property Group, Inc. Common Stock 828806109   9,411,931 50,458 SH   SOLE   18,208 0 32,250
Solventum Corp. Common Stock 83444M101   413,371,240 6,330,325 SH   SOLE   6,088,704 0 241,621
State Street Corp. Common Stock 857477103   19,262,432 152,200 SH   SOLE   152,200 0 0
Sun Communities, Inc. Common Stock 866674104   5,470,443 43,430 SH   SOLE   21,640 0 21,790
Sunstone Hotel Investors, Inc. Common Stock 867892101   8,016,377 889,720 SH   SOLE   305,720 0 584,000
Synopsys, Inc. Common Stock 871607107   10,275,383 25,913 SH   SOLE   22,818 0 3,095
Taiwan Semiconductor Manufacturing, ADR ADR 874039100   2,433,240 7,200 SH   SOLE   7,200 0 0
Teck Resources Ltd., Class B Common Stock 878742204   547,756,837 10,584,663 SH   SOLE   10,204,192 0 380,471
Terreno Realty Corp. Common Stock 88146M101   6,971,600 113,507 SH   SOLE   47,864 0 65,643
Texas Instruments, Inc. Common Stock 882508104   553,237,789 2,849,671 SH   SOLE   2,750,939 0 98,732
Trip.com Group Ltd., ADR ADR 89677Q107   326,379,074 6,555,112 SH   SOLE   6,554,757 0 355
Truist Financial Corp. Common Stock 89832Q109   10,334,286 224,805 SH   SOLE   224,805 0 0
Tyson Foods Inc Common Stock 902494103   838,721,144 13,090,689 SH   SOLE   12,714,957 0 375,732
U.S. Bancorp Common Stock 902973304   1,156,596,507 22,237,960 SH   SOLE   21,579,319 0 658,641
UnitedHealth Group Inc. Common Stock 91324P102   337,558,972 1,247,476 SH   SOLE   1,210,232 0 37,244
Vale S.A., ADR ADR 91912E105   46,635,360 2,931,198 SH   SOLE   2,931,198 0 0
Ventas, Inc. Common Stock 92276F100   9,312,289 113,870 SH   SOLE   53,750 0 60,120
Viatris Inc. Common Stock 92556V106   1,056,633,206 78,211,191 SH   SOLE   75,605,333 0 2,605,858
VICI Properties, Inc. Common Stock 925652109   6,015,318 220,180 SH   SOLE   89,290 0 130,890
Wells Fargo & Co. Common Stock 949746101   652,075,858 8,190,871 SH   SOLE   8,004,013 0 186,858
Wesco International, Inc. Common Stock 95082P105   104,251,891 381,007 SH   SOLE   334,604 0 46,403