13F-HR 1 sec13f123110-.txt DAVIS SELECTED ADVISERS SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F-HR FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2010 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: DAVIS SELECTED ADVISERS, LP Address: 2949 East Elvira Road, Suite 101 Tucson, Arizona 85756 13F File Number: 28-04121 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of reporting Manager: Name: Sharra Haynes Title: Chief Compliance Officer Phone: (520) 434-3735 Signature, Place, and Date of Signing: Sharra Haynes, Tucson, Arizona Feb 10, 2011 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Mangers: 0 Form 13F Information Table Entry Total: 176 Form 13F Information Table Value Total: $58.4 Billion List of Other Included Managers: None Form 13F Information Table Title Value Shares SH/ PUT/ Invstm Other Voting Authority Name of Issuer of Class CUSIP (X$1000) Prn Amt PRN CALL Dscret Manager Sole Share None ------------------------------ ----------- --------- -------- -------- --- --- ------ ------ ------- ---- ------- ABB Limited ADR ADR 000375204 14858 661836 SH SOLE 605373 0 56463 Ace Limited Common H0023R105 10336 166040 SH SOLE 166040 0 0 Activision Blizzard, Inc. Common 00507V109 326456 26242416 SH SOLE 24247539 0 1994877 AES Corp. Common 00130H105 7100 582900 SH SOLE 582900 0 0 AES Trust III,6.75%,10/15/29 Pfd 00808N202 14152 288810 SH SOLE 0 0 0 Agilent Technologies, Inc. Common 00846U101 707991 17088842 SH SOLE 15730789 0 1358053 Air Products & Chemicals, Inc. Common 009158106 130012 1429494 SH SOLE 1328174 0 101320 Alexander & Baldwin, Inc. Common 014482103 22142 553127 SH SOLE 327628 0 225499 Alexandria Real Estate Equities Common 015271109 107445 1466630 SH SOLE 309901 0 1156729 Allegheny Tech. 4.25 6/1/14 Bond 01741RAD4 13662 9055000 PRN SOLE 0 0 0 Altera Corp. Common 021441100 9374 263449 SH SOLE 230512 0 32937 Amazon.Com, Inc. Common 023135106 5615 31195 SH SOLE 30363 0 832 AMB Property Corp. Common 00163T109 46361 1462022 SH SOLE 17268 0 1444754 America Movil S.A.B. de C.V. ADR 02364W105 235527 4107545 SH SOLE 3816133 0 291412 American Campus Communities Inc. Common 024835100 132539 4173130 SH SOLE 754177 0 3418953 American Express Co. Common 025816109 2842116 66218899 SH SOLE 61499297 0 4719602 American Tower Corp Cl A Common 029912201 17952 347640 SH SOLE 212143 0 135497 Ameriprise Financial, Inc. Common 03076C106 646581 11235109 SH SOLE 10747806 0 487303 Aon Corp. Common 037389103 60999 1325785 SH SOLE 1226435 0 99350 Automatic Data Processing Common 053015103 206 4450 SH SOLE 4450 0 0 Avon Products, Inc. Common 054303102 10295 354280 SH SOLE 354280 0 0 Banco Santander Brasil SA ADR 05967A107 9554 702522 SH SOLE 649636 0 52886 Bank of America Corp. Common 060505104 55844 4186233 SH SOLE 4036337 0 149896 Bank of New York Mellon Common 064058100 2384788 78966480 SH SOLE 73680437 0 5286043 Baxter International Inc. Common 071813109 505528 9986726 SH SOLE 9273968 0 712758 Becton, Dickinson and Co. Common 075887109 640976 7583718 SH SOLE 6966598 0 617120 Bed Bath + Beyond Inc. Common 075896100 1130055 22991947 SH SOLE 21287412 0 1704535 Berkshire Hathaway Inc., A Common 084670108 1248826 10368 SH SOLE 9940 0 428 Berkshire Hathaway Inc., B Common 084670702 289040 3608042 SH SOLE 2918719 0 689323 Blount International, Inc. Common 095180105 25260 1602775 SH SOLE 1456997 0 145778 Boston Properties, Inc. Common 101121101 14745 171252 SH SOLE 100136 0 71116 Brookdale Senior Living, Inc. Common 112463104 12913 603145 SH SOLE 360027 0 243118 Brookfield Asset Management Foreign 112585104 342906 10300560 SH SOLE 9540026 0 760534 Canadian Natural Resources Foreign 136385101 2051485 46183822 SH SOLE 43044303 0 3139519 Carefusion Corp. Common 14170T101 221 8624 SH SOLE 8624 0 0 CarMax, Inc. Common 143130102 603866 18941830 SH SOLE 17581601 0 1360229 CB Richard Ellis Group, Inc. Common 12497T101 7811 381411 SH SOLE 229711 0 151700 CBL & Associates Properties Common 124830100 37876 2164335 SH SOLE 0 0 2164335 Cemex SA ADR 151290889 251 23400 SH SOLE 23400 0 0 Charles Schwab Corp. Common 808513105 49749 2907570 SH SOLE 2669991 0 237579 China Life Insurance, Co. ADR 16939P106 23875 390313 SH SOLE 390313 0 0 Citigroup Inc. Common 172967101 1783 377060 SH SOLE 377060 0 0 Citigroup Inc. 7.5% 12/15/12 Pfd 172967416 18453 135000 SH SOLE 0 0 0 Clark Holdings, Inc. Common 18145M109 403 1493715 SH SOLE 1493715 0 0 CNINSURE Inc. ADR 18976M103 2120 122621 SH SOLE 122621 0 0 Coca Cola Co. Common 191216100 1215393 18479444 SH SOLE 17166352 0 1313092 Cogdell Spencer, Inc. Common 19238U107 13708 2363365 SH SOLE 1147496 0 1215869 Colgate-Palmolive Co. Common 194162103 563 7005 SH SOLE 6590 0 415 ConocoPhillips Common 20825C104 25551 375201 SH SOLE 374559 0 642 Coresite Realty Corp. Common 21870Q105 21579 1582065 SH SOLE 896057 0 686008 Corp Office Prop Trust Common 22002T108 63363 1812968 SH SOLE 286909 0 1526059 Costco Wholesale Corp. Common 22160K105 3034582 42024411 SH SOLE 38703083 0 3321328 Crown Castle Int'l Corp Common 228227104 20946 477883 SH SOLE 298580 0 179303 CVS Caremark Corp. Common 126650100 2361031 67904247 SH SOLE 62704167 0 5200080 D & B Corp. Common 26483E100 577595 7036114 SH SOLE 6756603 0 279511 DCT Industrial Trust Inc. Common 233153105 75877 14289475 SH SOLE 1785916 0 12503559 Devon Energy Corp. Common 25179M103 2042495 26015719 SH SOLE 24055227 0 1960492 Diageo PLC - ADR ADR 25243Q205 270114 3633987 SH SOLE 2932656 0 701331 Digital Realty Trust Inc. Common 253868103 83742 1624805 SH SOLE 204554 0 1420251 Douglas Emmett, Inc. Common 25960P109 52239 3146918 SH SOLE 717355 0 2429563 DuPont Fabros Technology Inc. Common 26613Q106 98675 4639168 SH SOLE 878630 0 3760538 Eastgroup Properties, Inc. Common 277276101 15219 359614 SH SOLE 217062 0 142552 Eastman Kodak 04/01/17, Conv. Bond 277461BJ7 4175 4000000 PRN SOLE 0 0 0 Entertainment Properties Trust Common 29380T105 95496 2064787 SH SOLE 263048 0 1801739 EOG Resources, Inc. Common 26875P101 2012213 22013052 SH SOLE 20291790 0 1721262 Essex Property Trust, Inc. Common 297178105 82531 722563 SH SOLE 129746 0 592817 Everest Re Group, Ltd. Common G3223R108 89804 1058760 SH SOLE 1022486 0 36274 Express Scripts Inc - Class A Common 302182100 1218585 22545504 SH SOLE 20906343 0 1639161 Fairchild Semiconductor Intl Common 303726103 8525 546097 SH SOLE 546097 0 0 Federal Realty Investment Trust Common 313747206 29653 380512 SH SOLE 71996 0 308516 Ford Motor Company Common 345370860 206 12240 SH SOLE 12240 0 0 Forest City Enterprises Inc. Common 345550107 51834 3105665 SH SOLE 1889980 0 1215685 Freeport-McMoRan Copper & Gold Common 35671D857 13225 110127 SH SOLE 110127 0 0 General Electric Co. Common 369604103 8995 491800 SH SOLE 491800 0 0 General Motors Corp. 4.75% 12/1/13 Pfd 37045V209 1142 21100 SH SOLE 0 0 0 Goldman Sachs Group Inc. Common 38141G104 374870 2229246 SH SOLE 2085085 0 144161 Google Inc. Class A Common 38259P508 718028 1208863 SH SOLE 1102734 0 106129 Grupo Televisa SA ADR 40049J206 362517 13980603 SH SOLE 12846700 0 1133903 H & R Block, Inc. Common 093671105 1157 97191 SH SOLE 85433 0 11758 Harley-Davidson, Inc. Common 412822108 863732 24912970 SH SOLE 23083113 0 1829857 Harris Corporation Common 413875105 12451 274854 SH SOLE 231331 0 43523 Hewlett Packard Co. Common 428236103 581700 13817083 SH SOLE 12785789 0 1031294 Highwoods Properties Inc. Common 431284108 82989 2605622 SH SOLE 345846 0 2259776 Hunter Douglas N.V. Foreign 5291810 129773 2454217 SH SOLE 2297745 0 156472 ICICI Bank Limited ADR 45104G104 9822 193960 SH SOLE 193960 0 0 IDEXX Laboratories, Inc. Common 45168D104 31553 455838 SH SOLE 402946 0 52892 Intel Corp 2.95 12/15/2035 Bond 458140AD2 9464 9500000 PRN SOLE 0 0 0 Intel Corp. Common 458140100 1716 81600 SH SOLE 81600 0 0 IBM Common 459200101 7523 51261 SH SOLE 45206 0 6055 International Rectifier Corp. Common 460254105 8693 292800 SH SOLE 292800 0 0 Iron Mountain Inc. Common 462846106 974008 38944773 SH SOLE 35887141 0 3057632 iShares S&P 500 Value Idx Fund ETF 464287408 1318 22112 SH SOLE 18224 0 3888 Janus Capital GR JNS3.25 Bond 47102XAG0 296 250000 PRN SOLE 0 0 0 Johnson & Johnson Common 478160104 1578784 25526023 SH SOLE 23542775 0 1983248 JPMorgan Chase & Co. Common 46625H100 85008 2003974 SH SOLE 1882744 0 121230 Kohls Corp. Common 500255104 20204 371800 SH SOLE 371800 0 0 Kraft Foods Inc. Common 50075N104 203993 6473912 SH SOLE 5991367 0 482545 LaSalle Hotel Properties Common 517942108 12265 464576 SH SOLE 276307 0 188269 Level 3 Communications,15% 1/15/2013 Bond 52729NBM1 45000 40000000 PRN SOLE 0 0 0 Liberty Media - Starz A Common 53071M708 60559 910940 SH SOLE 840654 0 70286 Liberty Media Interactive A Common 53071M104 180718 11459634 SH SOLE 10589336 0 870298 Liberty Property Trust Common 531172104 42814 1341300 SH SOLE 0 0 1341300 Lockheed Martin Corp. Common 539830109 412653 5902631 SH SOLE 5467301 0 435330 Loews Corp. Common 540424108 2019607 51904575 SH SOLE 48295482 0 3609093 Markel Corp. Common 570535104 122877 324960 SH SOLE 304974 0 19986 Martin Marietta Materials, Inc. Common 573284106 567036 6147395 SH SOLE 5820890 0 326505 Masco Corp. Common 574599106 7083 559500 SH SOLE 559500 0 0 Mead Johnson Nutrition Co. Common 582839106 202753 3257079 SH SOLE 2979921 0 277158 Merck & Co., Inc. Common 58933Y105 1971621 54706448 SH SOLE 50512722 0 4193726 Microsoft Corp. Common 594918104 785364 28139150 SH SOLE 26079952 0 2059198 Monsanto Co. Common 61166W101 806145 11575888 SH SOLE 10798009 0 777879 Moody's Corp. Common 615369105 387613 14604896 SH SOLE 13635221 0 969675 Nabors 0.94 Cpn Conv. Bond 629568AP1 2484 2500000 PRN SOLE 0 0 0 Nabors Industries Ltd. Common G6359F103 12253 522300 SH SOLE 522300 0 0 NetEase.com Inc. ADR 64110W102 3151 87158 SH SOLE 87158 0 0 News Corp., Class A Common 65248E104 177762 12208892 SH SOLE 11665696 0 543196 Occidental Petroleum Corp. Common 674599105 2445374 24927353 SH SOLE 23158504 0 1768849 Oracle Corporation Common 68389X105 211 6730 SH SOLE 6730 0 0 PACCAR Inc Common 693718108 832 14510 SH SOLE 14510 0 0 Pfizer Inc. Common 717081103 1179920 67385531 SH SOLE 62422216 0 4963315 Philip Morris International Inc. Common 718172109 687983 11754366 SH SOLE 10887898 0 866468 Plum Creek Timber Company, Inc. Common 729251108 22904 611600 SH SOLE 0 0 611600 Potash Corp Saskatchewan Inc. Foreign 73755L107 346604 2238611 SH SOLE 2117528 0 121083 Praxair, Inc. Common 74005P104 193286 2024578 SH SOLE 1905688 0 118890 Procter & Gamble Co. Common 742718109 953208 14817464 SH SOLE 13788119 0 1029345 Progressive Corp. Common 743315103 1501713 75576903 SH SOLE 69912269 0 5664634 Quanta Services, Inc. Common 74762E102 16229 814690 SH SOLE 814690 0 0 Regency Centers Corporation Common 758849103 75135 1778765 SH SOLE 356150 0 1422615 Republic Services, Inc. Common 760759100 239 8000 SH SOLE 8000 0 0 SAP AG ADR 803054204 19156 378508 SH SOLE 332840 0 45668 SBA Communications Corp. Common 78388J106 20131 491718 SH SOLE 298514 0 193204 Schlumberger Ltd. Common 806857108 125773 1506263 SH SOLE 1406775 0 99488 School Specialty Inc. Common 807863105 7413 532127 SH SOLE 532127 0 0 School Specialty SCHS 3.75 Bond 807863AL9 11213 11500000 PRN SOLE 0 0 0 Sealed Air Corp. Common 81211K100 1309614 51458302 SH SOLE 47337047 0 4121255 Shaw Group Inc. Common 820280105 20755 606348 SH SOLE 529282 0 77066 Sigma-Aldrich Corp. Common 826552101 38879 584123 SH SOLE 511837 0 72286 Simon Property Group Inc. Common 828806109 58109 584072 SH SOLE 104968 0 479104 Sinovac Biotech Ltd. Foreign P8696W104 57889 1283570 SH SOLE 1283570 0 0 SL Green Realty Corp. Common 78440X101 949 14057 SH SOLE 13454 0 603 Spectra Energy Corp. Common 847560109 511 20450 SH SOLE 20450 0 0 T. Rowe Price Group, Inc. Common 74144T108 4470 69260 SH SOLE 69260 0 0 Taubman Centers, Inc. Common 876664103 55877 1106906 SH SOLE 110673 0 996233 Tenaris S.A. - ADR ADR 88031M109 32751 668652 SH SOLE 606344 0 62308 Texas Instruments, Inc. Common 882508104 1337285 41147222 SH SOLE 38067256 0 3079966 The First Marblehead Corp. Common 320771108 4190 1930844 SH SOLE 1930844 0 0 The Hershey Co. Common 427866108 108279 2296476 SH SOLE 2155521 0 140955 The Sherwin Williams Co. Common 824348106 21719 259330 SH SOLE 229504 0 29826 Toll Brothers, Inc. Common 889478103 5739 302046 SH SOLE 212946 0 89100 Toronto Dominion Bank Foreign 891160509 252 3395 SH SOLE 3395 0 0 Transatlantic Holdings, Inc. Common 893521104 730933 14159872 SH SOLE 13208762 0 951110 Transocean Inc. Series C Bond 893830AW9 12578 13000000 PRN SOLE 0 0 0 Transocean Ltd. Common H8817H100 468982 6746984 SH SOLE 6207377 0 539607 Tyco International Ltd. Common H89128104 373990 9024850 SH SOLE 8417175 0 607675 Tyson Foods Inc. Common 902494103 9022 523900 SH SOLE 523900 0 0 Tyson Foods Inc 3.25 10/15/13 Bond 902494AP8 17168 14000000 PRN SOLE 0 0 0 UDR, Inc. Common 902653104 70672 3004754 SH SOLE 273572 0 2731182 Unilever NV ADR 904784709 262833 8370490 SH SOLE 7820515 0 549975 United Rental 4% CV Bond 911363AL3 5930 2700000 PRN SOLE 0 0 0 Universal Health Services, Inc. Common 913903100 12592 290000 SH SOLE 290000 0 0 US Bancorp Common 902973304 6273 232596 SH SOLE 230000 0 2596 US Steel Corp. Conv. 4% 05/15/14 Bond 912909AE8 16199 8350000 PRN SOLE 0 0 0 Vale SA-Sp Pref ADR 91912E204 3104 102699 SH SOLE 102699 0 0 Valeant Pharm. 4.00 11/15/13 Bond 91911XAD6 8736 3900000 PRN SOLE 0 0 0 Ventas, Inc. Common 92276F100 91948 1752055 SH SOLE 230728 0 1521327 Visa Inc. Common 92826C839 160994 2287495 SH SOLE 2136100 0 151395 Vornado Realty Trust Common 929042109 58589 703098 SH SOLE 116053 0 587045 Vulcan Materials Corp. Common 929160109 165329 3726996 SH SOLE 3467613 0 259383 Waste Connections Inc. Common 941053100 11802 428700 SH SOLE 428700 0 0 Wells Fargo & Co. Common 949746101 2903006 93675565 SH SOLE 86686785 0 6988780 Wells Fargo & Co. Warrants Warrant 949746119 4274 385700 SH SOLE 0 0 0 Western Union Company Common 959802109 4306 231890 SH SOLE 231890 0 0 Whole Foods Market Inc. Common 966837106 14398 284600 SH SOLE 284600 0 0 Wynn Resorts, Ltd. Common 983134107 206 1980 SH SOLE 1980 0 0 Youku.com Inc. ADR 98742U100 18905 540000 SH SOLE 540000 0 0 Yum! Brands, Inc. Common 988498101 43343 883657 SH SOLE 772098 0 111559