13F-HR 1 sec13f033111-.txt DSA SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F-HR FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2011 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 May 11, 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: 179 Form 13F Information Table Value Total: $59.3 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 16,346 675,730 SH SOLE 626,269 0 49,461 Ace Limited Common H0023R105 307,112 4,746,710 SH SOLE 4,396,230 0 350,480 Activision Blizzard, Inc. Common 00507V109 296,462 27,024,828 SH SOLE 25,016,906 0 2,007,922 AES Corp. Common 00130H105 7,525 578,810 SH SOLE 578,810 0 0 AES Trust III,6.75%,10/15/29 Preferred 00808N202 14,172 288,810 SH SOLE 0 0 0 Agilent Technologies, Inc. Common 00846U101 701,624 15,668,252 SH SOLE 14,410,291 0 1,257,961 Air Products & Chemicals, Inc. Common 009158106 299,448 3,320,558 SH SOLE 3,079,040 0 241,518 Alexander & Baldwin, Inc. Common 014482103 10,331 226,318 SH SOLE 133,097 0 93,221 Alexandria Real Estate Equities,Inc. Common 015271109 121,208 1,554,552 SH SOLE 341,166 0 1,213,386 Allegheny Tech. 4.25 6/1/14 Bond 01741RAD4 15,855 9,015,000 PRN SOLE 0 0 0 Altera Corp. Common 021441100 10,859 246,687 SH SOLE 218,688 0 27,999 Amazon.Com, Inc. Common 023135106 4,819 26,755 SH SOLE 25,923 0 832 AMB Property Corp. Common 00163T109 548 15,245 SH SOLE 14,631 0 614 America Movil S.A.B. de C.V. ADR 02364W105 305,889 5,264,878 SH SOLE 4,935,587 0 329,291 American Campus Communities, Inc. Common 024835100 131,418 3,982,359 SH SOLE 813,688 0 3,168,671 American Express Co. Common 025816109 2,870,983 63,517,315 SH SOLE 58,525,929 0 4,991,386 American Tower Corp Cl A Common 029912201 24,179 466,598 SH SOLE 267,876 0 198,722 Ameriprise Financial, Inc. Common 03076C106 686,967 11,247,009 SH SOLE 10,643,186 0 603,823 Aon Corp. Common 037389103 69,490 1,312,125 SH SOLE 1,212,795 0 99,330 Automatic Data Processing Common 053015103 228 4,450 SH SOLE 4,450 0 0 Avon Products, Inc. Common 054303102 10,382 383,960 SH SOLE 383,960 0 0 Banco Santander Brasil SA ADR 05967A107 9,557 779,506 SH SOLE 655,308 0 124,198 Bank of America Corp. Common 060505104 57,443 4,309,287 SH SOLE 4,028,125 0 281,162 Bank of New York Mellon Common 064058100 2,497,888 83,625,320 SH SOLE 77,481,800 0 6,143,520 Baxter International Inc. Common 071813109 535,814 9,964,931 SH SOLE 9,242,513 0 722,418 Becton, Dickinson and Co. Common 075887109 587,360 7,377,037 SH SOLE 6,756,663 0 620,374 Bed Bath + Beyond Inc. Common 075896100 1,127,611 23,360,487 SH SOLE 21,662,663 0 1,697,824 Berkshire Hathaway Inc., A Common 084670108 1,127,324 8,997 SH SOLE 8,647 0 350 Berkshire Hathaway Inc., B Common 084670702 281,817 3,369,803 SH SOLE 2,705,795 0 664,008 Blount International, Inc. Common 095180105 26,028 1,628,775 SH SOLE 1,497,096 0 131,679 Boston Properties, Inc. Common 101121101 12,154 128,143 SH SOLE 72,946 0 55,197 BP Plc ADR 055622104 237 5,368 SH SOLE 5,368 0 0 Brandywine Realty Trust Common 105368203 58,875 4,849,685 SH SOLE 1,016,949 0 3,832,736 Brookdale Senior Living, Inc. Common 112463104 17,778 634,915 SH SOLE 362,241 0 272,674 Brookfield Asset Management Foreign 112585104 345,219 10,635,215 SH SOLE 9,510,936 0 1,124,279 Canadian Natural Resources Foreign 136385101 2,275,196 46,028,644 SH SOLE 42,807,208 0 3,221,436 Carefusion Corp. Common 14170T101 243 8,615 SH SOLE 8,615 0 0 CarMax, Inc. Common 143130102 420,725 13,106,707 SH SOLE 12,257,520 0 849,187 CB Richard Ellis Group, Inc. Common 12497T101 10,079 377,478 SH SOLE 219,008 0 158,470 CBL & Associates Properties Common 124830100 37,703 2,164,335 SH SOLE 0 0 2,164,335 Cemex SA ADR 151290889 217 24,336 SH SOLE 24,336 0 0 Charles Schwab Corp. Common 808513105 52,261 2,898,551 SH SOLE 2,621,170 0 277,381 China Life Insurance, Co. ADR 16939P106 25,471 454,433 SH SOLE 390,313 0 64,120 Citigroup Inc. Common 172967101 1,641 371,170 SH SOLE 370,839 0 331 Citigroup Inc. 7.5% 12/15/12 Preferred 172967416 16,951 134,000 SH SOLE 0 0 0 Clark Holdings, Inc. Common 18145M109 563 1,461,685 SH SOLE 1,461,685 0 0 CNINSURE Inc. ADR 18976M103 2,008 154,901 SH SOLE 154,901 0 0 Coca Cola Co. Common 191216100 1,160,112 17,487,366 SH SOLE 16,253,078 0 1,234,288 Cogdell Spencer, Inc. Common 19238U107 14,683 2,471,811 SH SOLE 1,155,263 0 1,316,548 Colgate-Palmolive Co. Common 194162103 418 5,175 SH SOLE 4,748 0 427 ConocoPhillips Common 20825C104 29,372 367,799 SH SOLE 367,151 0 648 Coresite Realty Corp. Common 21870Q105 25,291 1,596,648 SH SOLE 893,122 0 703,526 Corporate Office Properties Trust Common 22002T108 71,700 1,983,942 SH SOLE 370,460 0 1,613,482 Costco Wholesale Corp. Common 22160K105 2,884,421 39,340,164 SH SOLE 36,244,264 0 3,095,900 CVS Caremark Corp. Common 126650100 2,341,897 68,237,105 SH SOLE 63,056,886 0 5,180,219 D & B Corp. Common 26483E100 499,822 6,229,088 SH SOLE 5,970,314 0 258,774 DCT Industrial Trust Inc. Common 233153105 79,218 14,273,447 SH SOLE 1,770,136 0 12,503,311 Devon Energy Corp. Common 25179M103 2,329,213 25,380,981 SH SOLE 23,484,490 0 1,896,491 Diageo PLC - ADR ADR 25243Q205 271,858 3,566,748 SH SOLE 2,842,937 0 723,811 Digital Realty Trust Inc. Common 253868103 100,693 1,731,899 SH SOLE 221,695 0 1,510,204 Disney Walt Holdings Common 254687106 112,849 2,618,909 SH SOLE 2,418,856 0 200,053 Douglas Emmett, Inc. Common 25960P109 52,259 2,787,160 SH SOLE 484,672 0 2,302,488 DuPont Fabros Technology Inc. Common 26613Q106 121,146 4,995,711 SH SOLE 951,704 0 4,044,007 Eastgroup Properties, Inc. Common 277276101 40,704 925,719 SH SOLE 235,683 0 690,036 Eastman Kodak 04/01/17, Conv. Bond Bond 277461BJ7 3,565 4,000,000 PRN SOLE 0 0 0 Entertainment Properties Trust Common 29380T105 99,174 2,118,195 SH SOLE 283,237 0 1,834,958 EOG Resources, Inc. Common 26875P101 2,563,057 21,627,349 SH SOLE 19,943,988 0 1,683,361 Equity Residential Common 29476L107 8,571 151,942 SH SOLE 86,663 0 65,279 Essex Property Trust, Inc. Common 297178105 78,692 634,612 SH SOLE 108,988 0 525,624 Everest Re Group, Ltd. Common G3223R108 173,104 1,963,072 SH SOLE 1,803,002 0 160,070 Expedia Inc. Common 30212P105 192,284 8,485,607 SH SOLE 7,887,210 0 598,397 Express Scripts Inc - Class A Common 302182100 1,249,295 22,465,290 SH SOLE 20,820,932 0 1,644,358 Fairchild Semiconductor Intl Common 303726103 8,077 443,797 SH SOLE 443,797 0 0 Ford Motor Company Common 345370860 187 12,533 SH SOLE 12,446 0 87 Forest City Enterprises Inc. - A Common 345550107 47,400 2,517,273 SH SOLE 1,396,863 0 1,120,410 Freeport-McMoRan Copper & Gold Common 35671D857 9,237 166,274 SH SOLE 166,274 0 0 General Electric Co. Common 369604103 9,813 489,414 SH SOLE 489,381 0 33 General Motors Corp. 4.75% 12/01/13 Preferred 37045V209 1,017 21,100 SH SOLE 0 0 0 Goldman Sachs Group Inc. Common 38141G104 362,443 2,285,264 SH SOLE 2,067,399 0 217,865 Google Inc. Class A Common 38259P508 705,618 1,202,566 SH SOLE 1,098,873 0 103,693 Grupo Televisa SA ADR 40049J206 196,417 8,007,235 SH SOLE 7,315,462 0 691,773 H & R Block, Inc. Common 093671105 1,541 92,070 SH SOLE 81,509 0 10,561 Harley-Davidson, Inc. Common 412822108 891,161 20,973,434 SH SOLE 19,273,479 0 1,699,955 Harris Corporation Common 413875105 12,809 258,242 SH SOLE 219,593 0 38,649 Hewlett Packard Co. Common 428236103 543,655 13,269,593 SH SOLE 12,259,217 0 1,010,376 Highwoods Properties Inc. Common 431284108 44,430 1,269,076 SH SOLE 0 0 1,269,076 Hunter Douglas N.V. Foreign 5291810 124,797 2,448,460 SH SOLE 2,299,988 0 148,472 ICICI Bank Limited ADR 45104G104 11,885 238,515 SH SOLE 194,170 0 44,345 IDEXX Laboratories, Inc. Common 45168D104 26,186 339,111 SH SOLE 307,081 0 32,030 Intel Corp 2.95 12/15/2035 Bond 458140AD2 9,773 9,500,000 PRN SOLE 0 0 0 Intel Corp. Common 458140100 1,640 81,256 SH SOLE 81,230 0 26 IBM Common 459200101 7,871 48,265 SH SOLE 42,949 0 5,316 International Rectifier Corp. Common 460254105 8,420 254,700 SH SOLE 254,700 0 0 Iron Mountain Inc. Common 462846106 1,317,774 42,195,774 SH SOLE 39,102,133 0 3,093,641 Janus Capital GR JNS3.25 Bond 47102XAG0 300 250,000 PRN SOLE 0 0 0 Johnson & Johnson Common 478160104 1,489,763 25,143,682 SH SOLE 23,154,526 0 1,989,156 JPMorgan Chase & Co. Common 46625H100 91,076 1,975,624 SH SOLE 1,856,838 0 118,786 Kohls Corp. Common 500255104 21,258 400,800 SH SOLE 400,800 0 0 Kraft Foods Inc. Common 50075N104 433,726 13,830,540 SH SOLE 12,618,963 0 1,211,577 LaSalle Hotel Properties Common 517942108 14,112 522,663 SH SOLE 298,403 0 224,260 Level 3 Communications,15% 1/15/2013 Bond 52729NBM1 52,750 40,000,000 PRN SOLE 0 0 0 Liberty Media - Starz A Common 53071M708 70,427 907,570 SH SOLE 837,294 0 70,276 Liberty Media Interactive A Common 53071M104 182,104 11,353,133 SH SOLE 10,482,115 0 871,018 Liberty Property Trust Common 531172104 44,129 1,341,300 SH SOLE 0 0 1,341,300 Lockheed Martin Corp. Common 539830109 474,513 5,901,908 SH SOLE 5,456,942 0 444,966 Loews Corp. Common 540424108 2,244,144 52,080,391 SH SOLE 48,192,824 0 3,887,567 Markel Corp. Common 570535104 139,264 336,021 SH SOLE 296,725 0 39,296 Martin Marietta Materials, Inc. Common 573284106 479,967 5,352,595 SH SOLE 5,043,690 0 308,905 Masco Corp. Common 574599106 7,752 556,900 SH SOLE 556,900 0 0 Mead Johnson Nutrition Co. Common 582839106 422 7,285 SH SOLE 7,285 0 0 Merck & Co., Inc. Common 58933Y105 1,864,109 56,471,026 SH SOLE 52,177,680 0 4,293,346 Microsoft Corp. Common 594918104 673,756 26,536,269 SH SOLE 24,563,416 0 1,972,853 Monsanto Co. Common 61166W101 841,562 11,646,300 SH SOLE 10,835,721 0 810,579 Moody's Corp. Common 615369105 110,504 3,258,732 SH SOLE 3,040,677 0 218,055 Nabors 0.94 Cpn Conv. Bond 629568AP1 2,488 2,500,000 PRN SOLE 0 0 0 Nabors Industries Ltd. Common G6359F103 15,813 520,500 SH SOLE 520,500 0 0 NetEase.com Inc. ADR 64110W102 5,356 108,180 SH SOLE 108,180 0 0 News Corp., Class A Common 65248E104 11,459 651,830 SH SOLE 651,830 0 0 Nielsen Holdings B.V. Foreign N63218106 29,491 1,079,877 SH SOLE 1,026,434 0 53,443 Occidental Petroleum Corp. Common 674599105 2,578,499 24,676,993 SH SOLE 22,869,241 0 1,807,752 Oracle Corporation Common 68389X105 228 6,831 SH SOLE 6,801 0 30 PACCAR Inc Common 693718108 801 15,300 SH SOLE 15,300 0 0 Pfizer Inc. Common 717081103 952,272 46,886,849 SH SOLE 43,119,787 0 3,767,062 Philip Morris International Inc. Common 718172109 709,158 10,805,398 SH SOLE 9,947,588 0 857,810 Plum Creek Timber Company, Inc. Common 729251108 35,172 806,501 SH SOLE 111,701 0 694,800 Potash Corp Saskatchewan Inc. Foreign 73755L107 394,499 6,694,365 SH SOLE 6,332,616 0 361,749 Praxair, Inc. Common 74005P104 206,305 2,030,558 SH SOLE 1,911,648 0 118,910 Procter & Gamble Co. Common 742718109 683,645 11,098,135 SH SOLE 10,223,039 0 875,096 Progressive Corp. Common 743315103 1,594,675 75,469,723 SH SOLE 69,405,648 0 6,064,075 Public Storage, Inc Common 74460D109 11,817 106,543 SH SOLE 61,324 0 45,219 Quanta Services, Inc. Common 74762E102 16,138 719,490 SH SOLE 719,490 0 0 Regency Centers Corporation Common 758849103 72,160 1,659,613 SH SOLE 276,757 0 1,382,856 Republic Services, Inc. Common 760759100 240 8,000 SH SOLE 8,000 0 0 SAP AG ADR 803054204 21,842 355,959 SH SOLE 315,781 0 40,178 Schlumberger Ltd. Common 806857108 139,192 1,492,519 SH SOLE 1,392,963 0 99,556 School Specialty Inc. Common 807863105 7,594 531,077 SH SOLE 531,077 0 0 School Specialty SCHS 3.75 Bond 807863AL9 11,874 11,500,000 PRN SOLE 0 0 0 Sealed Air Corp. Common 81211K100 1,264,207 47,419,600 SH SOLE 43,589,051 0 3,830,549 Sigma-Aldrich Corp. Common 826552101 35,018 550,259 SH SOLE 485,459 0 64,800 Simon Property Group Inc. Common 828806109 102,584 957,295 SH SOLE 194,235 0 763,060 Sinovac Biotech Ltd. Foreign P8696W104 7,384 1,631,880 SH SOLE 1,631,880 0 0 Spectra Energy Corp. Common 847560109 556 20,450 SH SOLE 20,450 0 0 T. Rowe Price Group, Inc. Common 74144T108 5,861 88,235 SH SOLE 70,510 0 17,725 Target Corp. Common 87612E106 211 4,219 SH SOLE 4,210 0 9 Taubman Centers, Inc. Common 876664103 46,969 876,610 SH SOLE 109,634 0 766,976 Techne Corp. Common 878377100 1,544 21,570 SH SOLE 19,257 0 2,313 Tenaris S.A. - ADR ADR 88031M109 34,203 691,521 SH SOLE 635,769 0 55,752 Texas Instruments, Inc. Common 882508104 1,234,667 35,725,314 SH SOLE 32,990,406 0 2,734,908 The First Marblehead Corp. Common 320771108 4,248 1,930,844 SH SOLE 1,930,844 0 0 The Sherwin Williams Co. Common 824348106 21,159 251,927 SH SOLE 223,373 0 28,554 The TJX Companies, Inc. Common 872540109 262 5,260 SH SOLE 5,260 0 0 Toll Brothers, Inc. Common 889478103 1,971 99,680 SH SOLE 87,480 0 12,200 Toronto Dominion Bank Foreign 891160509 7,221 81,505 SH SOLE 3,395 0 78,110 Transatlantic Holdings, Inc. Common 893521104 736,118 15,124,668 SH SOLE 13,734,112 0 1,390,556 Transocean Inc. Series C Bond 893830AW9 12,464 12,800,000 PRN SOLE 0 0 0 Transocean Ltd. Common H8817H100 522,402 6,701,759 SH SOLE 6,157,154 0 544,605 Tyco International Ltd. Common H89128104 330,267 7,376,965 SH SOLE 6,877,280 0 499,685 Tyson Foods Inc. Common 902494103 6,437 335,410 SH SOLE 335,410 0 0 Tyson Foods Inc 3.25 10/15/13 Bond 902494AP8 21,231 16,300,000 PRN SOLE 0 0 0 UDR, Inc. Common 902653104 74,517 3,057,724 SH SOLE 293,018 0 2,764,706 Unilever NV ADR 904784709 262,850 8,381,705 SH SOLE 7,759,430 0 622,275 United Rental 4% CV Bond 911363AL3 5,264 1,700,000 PRN SOLE 0 0 0 Universal Health Services, Inc. Common 913903100 14,265 288,700 SH SOLE 288,700 0 0 US Bancorp Common 902973304 7,503 283,890 SH SOLE 230,140 0 53,750 US Steel Corp. 4% 05/15/14 Bond 912909AE8 14,864 8,150,000 PRN SOLE 0 0 0 Vale SA-Sp Pref ADR 91912E204 3,810 129,069 SH SOLE 129,069 0 0 Valeant Pharm. 4.00 11/15/13 Bond 91911XAD6 15,405 3,900,000 PRN SOLE 0 0 0 Ventas, Inc. Common 92276F100 52,613 968,925 SH SOLE 176,733 0 792,192 Visa Inc. Common 92826C839 173,218 2,352,870 SH SOLE 2,117,035 0 235,835 Vornado Realty Trust Common 929042109 63,580 726,627 SH SOLE 124,002 0 602,625 Vulcan Materials Corp. Common 929160109 169,738 3,722,327 SH SOLE 3,462,817 0 259,510 Waste Connections Inc. Common 941053100 11,976 415,990 SH SOLE 415,990 0 0 Wells Fargo & Co. Common 949746101 2,964,669 93,493,190 SH SOLE 85,974,916 0 7,518,274 Wells Fargo & Co. Warrants Warrant 949746119 4,358 385,700 SH SOLE 0 0 0 Western Union Company Common 959802109 6,547 315,192 SH SOLE 315,192 0 0 Whole Foods Market Inc. Common 966837106 14,280 216,690 SH SOLE 216,690 0 0 Wynn Resorts, Ltd. Common 983134107 252 1,980 SH SOLE 1,980 0 0 Youku.com Inc. ADR 98742U100 26,681 561,590 SH SOLE 561,590 0 0 Yum! Brands, Inc. Common 988498101 42,123 819,830 SH SOLE 721,023 0 98,807