Alexandria Real Estate Equities, Inc. Common 015271109 14252832 113487 SH SOLE 63923 0 49564 Alibaba Group Holding Ltd ADR 01609W102 25605388 250591 SH SOLE 250591 0 0 Alphabet Inc., Class A Common 02079K305 446284743 4302369 SH SOLE 4217098 0 85271 Alphabet Inc., Class C Common 02079K107 475038130 4567675 SH SOLE 4447034 0 120641 Amazon.com, Inc. Common 023135106 852840644 8256759 SH SOLE 8092125 0 164634 American Express Co. Common 025816109 159048645 964224 SH SOLE 949792 0 14432 American Homes 4 Rent, Class A Common 02665T306 8156872 259360 SH SOLE 153310 0 106050 American Tower Corp Class A Common 03027X100 12652733 61920 SH SOLE 34690 0 27230 Applied Materials, Inc. Common 038222105 877438435 7143519 SH SOLE 6954353 0 189166 AvalonBay Communities, Inc. Common 053484101 15616135 92920 SH SOLE 54550 0 38370 Baidu, Inc., Class A, ADR ADR 056752108 23308688 154444 SH SOLE 154444 0 0 Bank of America Corp. Common 060505104 82872533 2897641 SH SOLE 2897641 0 0 Bank of N.T. Butterfield & Son Ltd. Common G0772R208 88040595 3260763 SH SOLE 3260658 0 105 Bank of New York Mellon Corp. Common 064058100 590983534 13005799 SH SOLE 12748140 0 257659 Berkshire Hathaway Inc., Class A Common 084670108 947961600 2036 SH SOLE 2036 0 0 Berkshire Hathaway Inc., Class B Common 084670702 357725941 1158551 SH SOLE 1088885 0 69666 Boston Properties, Inc. Common 101121101 6660548 123070 SH SOLE 70300 0 52770 Brixmor Property Group, Inc. Common 11120U105 13754293 639140 SH SOLE 389390 0 249750 Camden Property Trust Common 133131102 6003138 57260 SH SOLE 37430 0 19830 Capital One Financial Corp. Common 14040H105 1034726081 10760462 SH SOLE 10538839 0 221623 Carrier Global Corp. Common 14448C104 28561999 624306 SH SOLE 578349 0 45957 Charles Schwab Corp. Common 808513105 17848171 340744 SH SOLE 340744 0 0 Chubb Ltd. Common H1467J104 290231090 1494650 SH SOLE 1467615 0 27035 Cigna Corp. Common 125523100 444125545 1738056 SH SOLE 1687817 0 50239 Clear Secure, Inc. Common 18467V109 17890362 683621 SH SOLE 663471 0 20150 Community Healthcare Trust, Inc. Common 20369C106 1854522 50670 SH SOLE 29300 0 21370 Coupang, Inc., Class A Common 22266T109 103717152 6482322 SH SOLE 6482200 0 122 Cousins Properties, Inc. Common 222795502 14446573 675705 SH SOLE 373850 0 301855 Crown Castle International Corp. Common 22822V101 9781027 73080 SH SOLE 41520 0 31560 CubeSmart Common 229663109 5491398 118810 SH SOLE 78110 0 40700 CVS Health Corp. Common 126650100 15452506 207946 SH SOLE 192668 0 15278 Darling Ingredients, Inc. Common 237266101 182629185 3127212 SH SOLE 3036121 0 91091 Davis Select Financial ETF ETF 23908L108 54844971 2112316 SH SOLE 2112316 0 0 Davis Select International ETF ETF 23908L405 71515447 3893199 SH SOLE 3893199 0 0 Davis Select U.S. Equity ETF ETF 23908L207 94740972 3332430 SH SOLE 3332430 0 0 Davis Select Worldwide ETF ETF 23908L306 51326050 1941227 SH SOLE 1941227 0 0 Digital Realty Trust, Inc. Common 253868103 9922920 100935 SH SOLE 56685 0 44250 Douglas Emmett, Inc. Common 25960P109 5965501 483820 SH SOLE 258290 0 225530 Eaton Corp. PLC Common G29183103 33686340 196605 SH SOLE 182740 0 13865 Equinix, Inc. Common 29444U700 17144889 23778 SH SOLE 13668 0 10110 Equity Residential Common 29476L107 8471100 141185 SH SOLE 80640 0 60545 Essex Property Trust, Inc. Common 297178105 13600583 65031 SH SOLE 38690 0 26341 Everest Re Group, Ltd. Common G3223R108 16658671 46530 SH SOLE 46530 0 0 Federal Realty Investment Trust Common 313745101 5076897 51370 SH SOLE 31060 0 20310 Ferguson PLC Common G3421J106 32025746 240054 SH SOLE 224016 0 16038 Fifth Third Bancorp Common 316773100 63974255 2401436 SH SOLE 2401436 0 0 Greenlight Capital Re, Ltd., Class A Common G4095J109 6220988 662512 SH SOLE 662512 0 0 Healthpeak Properties, Inc. Common 42250P103 4411049 200776 SH SOLE 115830 0 84946 Highwoods Properties, Inc. Common 431284108 3549693 153070 SH SOLE 82000 0 71070 Hollysys Automation Technologies, Ltd. Common G45667105 95740284 5524540 SH SOLE 5524225 0 315 Hudson Pacific Properties, Inc. Common 444097109 4514372 678853 SH SOLE 388480 0 290373 Humana Inc. Common 444859102 21150292 43568 SH SOLE 40023 0 3545 IAC Inc. Common 44891N208 95460121 1850002 SH SOLE 1806358 0 43644 Intel Corp. Common 458140100 371007827 11356224 SH SOLE 11099129 0 257095 iQIYI, Inc., Class A, ADR ADR 46267X108 22101942 3035981 SH SOLE 3035739 0 242 JD.com, Inc., Class A, ADR ADR 47215P106 214732115 4892507 SH SOLE 4892300 0 207 Johnson Controls International PLC Common G51502105 30839074 512107 SH SOLE 478004 0 34103 JPMorgan Chase & Co. Common 46625H100 546428232 4193294 SH SOLE 4102899 0 90395 Lam Research Corp. Common 512807108 650987 1228 SH SOLE 1228 0 0 Liberty Media Corp., Series A Common 531229870 35735664 529417 SH SOLE 529329 0 88 Liberty Media Corp., Series C Common 531229854 20436522 273106 SH SOLE 273106 0 0 Liberty TripAdvisor Hldgs Inc. - A Common 531465102 218997 254944 SH SOLE 254944 0 0 Life Storage, Inc. Common 53223X107 7161447 54630 SH SOLE 34680 0 19950 Loews Corp. Common 540424108 91870556 1583429 SH SOLE 1564212 0 19217 M&T Bank Corp. Common 55261F104 5647889 47235 SH SOLE 47235 0 0 Markel Corp. Common 570535104 313803528 245656 SH SOLE 237986 0 7670 Masterbrand, Inc. Common 57638P104 18116082 2253244 SH SOLE 2086631 0 166613 Meta Platforms, Inc., Class A Common 30303M102 1328307720 6267376 SH SOLE 6156966 0 110410 Microsoft Corp. Common 594918104 101390752 351685 SH SOLE 335257 0 16428 NetSTREIT Corp. Common 64119V303 2908531 159110 SH SOLE 90520 0 68590 Noah Holdings Ltd., Class A, ADS ADR 65487X102 13325979 805195 SH SOLE 805152 0 43 Oracle Corp. Common 68389X105 18661905 200838 SH SOLE 185947 0 14891 Owens Corning Common 690742101 345251823 3603881 SH SOLE 3489620 0 114261 PNC Financial Services Group, Inc. Common 693475105 54586781 429479 SH SOLE 429479 0 0 Prologis, Inc. Common 74340W103 30100263 241246 SH SOLE 141319 0 99927 Public Storage, Inc. Common 74460D109 19832470 65640 SH SOLE 37600 0 28040 Quest Diagnostics, Inc. Common 74834L100 214873086 1518752 SH SOLE 1461926 0 56826 Retail Opportunity Investments Corp. Common 76131N101 7889424 565145 SH SOLE 296945 0 268200 Rexford Industrial Realty, Inc. Common 76169C100 14670321 245940 SH SOLE 145810 0 100130 RH Common 74967X103 545552 2240 SH SOLE 2240 0 0 Rocket Companies, Inc., Class A Common 77311W101 32703076 3609611 SH SOLE 3609611 0 0 SAP SE, ADR ADR 803054204 17980220 142080 SH SOLE 132784 0 9296 Simon Property Group, Inc. Common 828806109 14680387 131110 SH SOLE 77180 0 53930 Skechers U.S.A, Inc. Class A Common 830566105 589248 12400 SH SOLE 12400 0 0 State Street Corp. Common 857477103 4354748 57534 SH SOLE 57534 0 0 Sun Communities, Inc. Common 866674104 4650449 33010 SH SOLE 18050 0 14960 Sunstone Hotel Investors, Inc. Common 867892101 8067810 816580 SH SOLE 463840 0 352740 Teck Resources Ltd., Class B Common 878742204 474954628 13012456 SH SOLE 12692468 0 319988 Terreno Realty Corp. Common 88146M101 14202116 219847 SH SOLE 121964 0 97883 Texas Instruments, Inc. Common 882508104 517419495 2781675 SH SOLE 2703976 0 77699 Truist Financial Corp. Common 89832Q109 2288315 67106 SH SOLE 67106 0 0 UDR, Inc. Common 902653104 9802254 238730 SH SOLE 133030 0 105700 U.S. Bancorp Common 902973304 560422724 15545706 SH SOLE 15190142 0 355564 UnitedHealth Group, Inc. Common 91324P102 54273176 114842 SH SOLE 106015 0 8827 Ventas, Inc. Common 92276F100 10602977 244590 SH SOLE 142610 0 101980 Viatris, Inc. Common 92556V106 529186653 55009008 SH SOLE 53698512 0 1310496 VICI Properties, Inc. Common 925652109 4909636 150510 SH SOLE 87270 0 63240 Vimeo, Inc. Common 92719V100 3759084 981484 SH SOLE 905729 0 75755 Wells Fargo & Co. Common 949746101 1134382880 30347321 SH SOLE 29819628 0 527693 Welltower Inc. Common 95040Q104 13015320 181550 SH SOLE 91840 0 89710 Wesco International, Inc. Common 95082P105 7363522 47648 SH SOLE 43831 0 3817