13F-HR 1 sec13f093011-.txt DAVIS SELECTED ADVISERS, L.P. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F-HR FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 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 November 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: 175 Form 13F Information Table Value Total: $44.1 Billion List of Other Included Managers: None Form 13F Information Table Title Value Shares SH/ PUT/ Invstmt Othr Voting Authority Name of Issuer of Class CUSIP (X$1000) Prn Amt PRN CALL Dscretn Mgrs Sole Shared None ------------------------------ ---------- --------- -------- --------- --- ---- ------- ---- ---------- ------ --------- ABB Limited ADR ADR 000375204 11,840 693,195 SH SOLE 648,187 0 45,008 Ace Limited Common H0023R105 276,565 4,563,771 SH SOLE 4,238,910 0 324,861 Activision Blizzard, Inc. Common 00507V109 297,688 25,015,798 SH SOLE 23,277,287 0 1,738,511 AES Corp. Common 00130H105 5,577 571,390 SH SOLE 571,390 0 0 AES Trust III,6.75%,10/15/29 Preferred 00808N202 13,838 282,010 SH SOLE 282,010 0 0 Agilent Technologies, Inc. Common 00846U101 200,367 6,411,736 SH SOLE 5,841,116 0 570,620 Air Products & Chemicals, Inc. Common 009158106 250,275 3,277,138 SH SOLE 3,056,977 0 220,161 Alexandria Real Estate Equi. Inc. Common 015271109 84,900 1,382,961 SH SOLE 206,151 0 1,176,810 Allegheny Tech. 4.25% 6/1/14 Bond 01741RAD4 11,972 9,915,000 PRN SOLE 9,915,000 0 0 Allegheny Technologies, Inc. Common 01741R102 1,787 48,300 SH SOLE 48,300 0 0 Amazon.Com, Inc. Common 023135106 5,214 24,115 SH SOLE 23,553 0 562 America Movil S.A.B. de C.V. ADR 02364W105 144,047 6,523,863 SH SOLE 6,117,478 0 406,385 American Campus Comm, Inc. Common 024835100 87,307 2,346,338 SH SOLE 313,211 0 2,033,127 American Express Co. Common 025816109 2,672,479 59,520,695 SH SOLE 55,168,966 0 4,351,729 American Tower Corp Cl A Common 029912201 17,946 333,568 SH SOLE 156,672 0 176,896 Ameriprise Financial, Inc. Common 03076C106 315,581 8,017,815 SH SOLE 7,546,124 0 471,691 Aon Corp. Common 037389103 54,564 1,299,755 SH SOLE 1,215,235 0 84,520 Automatic Data Processing Common 053015103 210 4,450 SH SOLE 4,450 0 0 Avalonbay Communities, Inc. Common 053484101 10,772 94,446 SH SOLE 44,357 0 50,089 Banco Santander Brasil SA ADR 05967A107 5,567 760,567 SH SOLE 637,166 0 123,401 Bank of America Corp. Common 060505104 27,166 4,438,889 SH SOLE 4,157,848 0 281,041 Bank of New York Mellon Common 064058100 2,071,909 111,452,871 SH SOLE 102,825,405 0 8,627,466 Bankrate Inc. Common 06647F102 19,909 1,308,958 SH SOLE 1,191,725 0 117,233 Baxter International Inc. Common 071813109 486,451 8,664,958 SH SOLE 8,031,545 0 633,413 Becton, Dickinson and Co. Common 075887109 426,874 5,822,065 SH SOLE 5,342,215 0 479,850 Bed Bath + Beyond Inc. Common 075896100 1,335,509 23,303,241 SH SOLE 21,726,596 0 1,576,645 Berkshire Hathaway Inc., A Common 084670108 828,661 7,759 SH SOLE 7,450 0 309 Berkshire Hathaway Inc., B Common 084670702 201,686 2,839,046 SH SOLE 2,323,307 0 515,739 Best Buy Comp, Inc. 2.25% 1/15/2022 Bond 086516AF8 15,960 16,000,000 PRN SOLE 16,000,000 0 0 Biomed Realty Trust, Inc. Common 09063H107 10,539 636,030 SH SOLE 294,327 0 341,703 Blount International, Inc. Common 095180105 18,368 1,374,835 SH SOLE 1,259,866 0 114,969 Boston Properties, Inc. Common 101121101 11,404 127,992 SH SOLE 59,445 0 68,547 BP Plc ADR 055622104 295 8,183 SH SOLE 8,154 0 29 Brandywine Realty Trust Common 105368203 45,839 5,722,679 SH SOLE 840,352 0 4,882,327 Brookfield Asset Management Foreign 112585104 287,327 10,429,280 SH SOLE 9,493,191 0 936,089 Canadian Natural Resources Foreign 136385101 1,327,944 45,368,762 SH SOLE 42,440,347 0 2,928,415 Carefusion Corp. Common 14170T101 206 8,615 SH SOLE 8,615 0 0 CarMax, Inc. Common 143130102 235,860 9,889,325 SH SOLE 9,271,374 0 617,951 CBL & Associates Properties Common 124830100 28,824 2,537,346 SH SOLE 244,682 0 2,292,664 Cemex SA ADR 151290889 112 35,316 SH SOLE 35,316 0 0 Charles Schwab Corp. Common 808513105 221,242 19,631,063 SH SOLE 18,248,249 0 1,382,814 Citigroup Inc. Common 172967424 901 35,186 SH SOLE 35,186 0 0 Citigroup Inc. 7.5% 12/15/12 Preferred 172967416 10,511 132,000 SH SOLE 132,000 0 0 Clark Holdings, Inc. Common 18145M109 658 1,461,685 SH SOLE 1,461,685 0 0 CNinsure Inc. ADR 18976M103 1,582 226,041 SH SOLE 226,041 0 0 Coca Cola Co. Common 191216100 1,129,950 16,725,133 SH SOLE 15,622,916 0 1,102,217 Colgate-Palmolive Co. Common 194162103 457 5,148 SH SOLE 4,725 0 423 Coresite Realty Corp. Common 21870Q105 15,562 1,084,470 SH SOLE 507,206 0 577,264 Corporate Office Properties Trust Common 22002T108 20,939 961,387 SH SOLE 77,444 0 883,943 Costco Wholesale Corp. Common 22160K105 2,677,826 32,604,727 SH SOLE 30,187,251 0 2,417,476 CubeSmart Common 229663109 4,664 546,820 SH SOLE 255,185 0 291,635 CVS Caremark Corp. Common 126650100 2,278,706 67,838,825 SH SOLE 63,093,062 0 4,745,763 DCT Industrial Trust Inc. Common 233153105 60,887 13,869,385 SH SOLE 1,493,532 0 12,375,853 DDR Corporation Common 23317H102 8,480 777,951 SH SOLE 363,731 0 414,220 Devon Energy Corp. Common 25179M103 936,760 16,896,824 SH SOLE 15,728,817 0 1,168,007 Diageo PLC ADR 25243Q205 257,381 3,389,709 SH SOLE 2,752,356 0 637,353 Digital Realty Trust Inc. Common 253868103 76,247 1,382,280 SH SOLE 205,947 0 1,176,333 Disney Walt Holdings Common 254687106 534,916 17,735,948 SH SOLE 16,453,208 0 1,282,740 DuPont Fabros Technology Inc. Common 26613Q106 65,011 3,301,704 SH SOLE 391,212 0 2,910,492 Eastgroup Properties, Inc. Common 277276101 36,043 945,027 SH SOLE 201,468 0 743,559 Ecolab Inc. Common 278865100 191,530 3,917,578 SH SOLE 3,657,568 0 260,010 Education Realty Trust, Inc. Common 28140H104 8,272 962,996 SH SOLE 446,519 0 516,477 Entertainment Properties Trust Common 29380T105 71,268 1,828,319 SH SOLE 126,040 0 1,702,279 EOG Resources, Inc. Common 26875P101 1,365,015 19,222,857 SH SOLE 17,742,501 0 1,480,356 Equity Residential Common 29476L107 19,689 379,587 SH SOLE 176,624 0 202,963 Essex Property Trust, Inc. Common 297178105 64,158 534,469 SH SOLE 47,867 0 486,602 Everest Re Group, Ltd. Common G3223R108 153,971 1,939,675 SH SOLE 1,779,490 0 160,185 Expedia Inc. Common 30212P105 187,933 7,298,357 SH SOLE 6,779,241 0 519,116 Express Scripts Inc - Class A Common 302182100 827,695 22,327,891 SH SOLE 20,799,422 0 1,528,469 Fairchild Semiconductor Intl Common 303726103 5,389 498,947 SH SOLE 498,947 0 0 Forest City Ent FCE 5 Bond 345550AM9 1,196 1,120,000 PRN SOLE 1,120,000 0 0 Forest City Enterprises Inc.-A Common 345550107 27,089 2,541,136 SH SOLE 1,396,939 0 1,144,197 Freeport-McMoRan Copper & Gold Common 35671D857 4,998 164,134 SH SOLE 164,134 0 0 General Electric Co. Common 369604103 7,333 481,800 SH SOLE 481,800 0 0 Goldman Sachs Group Inc. Common 38141G104 202,290 2,139,507 SH SOLE 1,897,125 0 242,382 Google Inc. Class A Common 38259P508 1,295,907 2,516,128 SH SOLE 2,331,558 0 184,570 Grupo Televisa SA ADR 40049J206 136,642 7,430,242 SH SOLE 6,821,098 0 609,144 Harley-Davidson, Inc. Common 412822108 422,969 12,320,677 SH SOLE 11,398,777 0 921,900 Harris Corporation Common 413875105 7,281 213,092 SH SOLE 178,505 0 34,587 HCP, Inc. Common 40414L109 22,368 638,000 SH SOLE 0 0 638,000 Hewlett Packard Co. Common 428236103 358,712 15,978,268 SH SOLE 14,822,407 0 1,155,861 Highwoods Properties Inc. Common 431284108 34,909 1,235,276 SH SOLE 0 0 1,235,276 Host Hotels & Resorts Inc. Common 44107P104 5,735 524,200 SH SOLE 244,080 0 280,120 Hunter Douglas N.V. Foreign 5291810 94,316 2,355,021 SH SOLE 2,224,691 0 130,330 IBM Common 459200101 6,766 38,693 SH SOLE 34,011 0 4,682 ICICI Bank Limited ADR 45104G104 7,512 216,365 SH SOLE 172,020 0 44,345 IDEXX Laboratories, Inc. Common 45168D104 20,981 304,210 SH SOLE 275,363 0 28,847 Intel Corp. Common 458140100 134,206 6,290,431 SH SOLE 5,885,270 0 405,161 International Rectifier Corp. Common 460254105 5,633 302,520 SH SOLE 302,520 0 0 Iron Mountain Inc. Common 462846106 1,284,417 40,620,414 SH SOLE 38,008,844 0 2,611,570 Ishares - Russell 3000 ETF 464287689 321 4,810 SH SOLE 4,810 0 0 Johnson & Johnson Common 478160104 1,393,908 21,885,826 SH SOLE 20,185,630 0 1,700,196 JPMorgan Chase & Co. Common 46625H100 85,267 2,830,898 SH SOLE 2,654,586 0 176,312 Kohls Corp. Common 500255104 19,941 406,140 SH SOLE 406,140 0 0 Kraft Foods Inc. Common 50075N104 330,888 9,853,726 SH SOLE 8,976,507 0 877,219 Lexington Realty Trust Common 529043101 18,966 2,900,000 SH SOLE 0 0 2,900,000 Liberty Media - Starz Series A Common 530322304 57,084 898,116 SH SOLE 838,232 0 59,884 Liberty Media Interactive Series A Common 53071M104 166,683 11,292,868 SH SOLE 10,531,600 0 761,268 Liberty Property Trust Common 531172104 38,047 1,307,000 SH SOLE 0 0 1,307,000 Lockheed Martin Corp. Common 539830109 395,426 5,443,645 SH SOLE 5,051,555 0 392,090 Loews Corp. Common 540424108 1,570,861 45,466,308 SH SOLE 42,054,413 0 3,411,895 Macerich Company Common 554382101 50,167 1,176,796 SH SOLE 153,645 0 1,023,151 Markel Corp. Common 570535104 112,365 314,632 SH SOLE 278,145 0 36,487 Martin Marietta Materials, Inc. Common 573284106 208,910 3,304,498 SH SOLE 3,104,340 0 200,158 Masco Corp. Common 574599106 3,905 548,400 SH SOLE 548,400 0 0 Mead Johnson Nutrition Co. Common 582839106 383 5,565 SH SOLE 5,565 0 0 Merck & Co., Inc. Common 58933Y105 1,544,620 47,236,098 SH SOLE 43,464,045 0 3,772,053 Microsoft Corp. Common 594918104 552,649 22,203,665 SH SOLE 20,594,037 0 1,609,628 Monsanto Co. Common 61166W101 686,069 11,426,858 SH SOLE 10,683,440 0 743,418 Nabors Industries Ltd. Common G6359F103 8,054 656,900 SH SOLE 656,900 0 0 NetEase.com Inc. ADR 64110W102 5,811 152,290 SH SOLE 152,290 0 0 News Corp., Class A Common 65248E104 9,961 643,470 SH SOLE 643,470 0 0 Nielsen Holdings B.V. Common N63218106 27,580 1,057,533 SH SOLE 1,004,471 0 53,062 Occidental Petroleum Corp. Common 674599105 1,393,052 19,483,249 SH SOLE 18,018,947 0 1,464,302 Oracle Corporation Common 68389X105 377 13,110 SH SOLE 13,110 0 0 PACCAR Inc Common 693718108 1,083 32,015 SH SOLE 32,015 0 0 Pfizer Inc. Common 717081103 165,607 9,366,889 SH SOLE 8,504,353 0 862,536 Philip Morris International Inc. Common 718172109 441,158 7,072,102 SH SOLE 6,515,697 0 556,405 Plum Creek Timber Company, Inc. Common 729251108 42,602 1,227,376 SH SOLE 95,835 0 1,131,541 Post Properties, Inc. Common 737464107 9,575 275,611 SH SOLE 128,008 0 147,603 Potash Corp Saskatchewan, Inc. Foreign 73755L107 292,337 6,763,933 SH SOLE 6,430,565 0 333,368 Praxair, Inc. Common 74005P104 232,661 2,488,888 SH SOLE 2,338,968 0 149,920 Procter & Gamble Co. Common 742718109 8,585 135,878 SH SOLE 135,878 0 0 Progressive Corp. Common 743315103 1,277,612 71,937,618 SH SOLE 66,459,859 0 5,477,759 Prologis, Inc. Common 74340W103 5,704 235,219 SH SOLE 118,002 0 117,217 Public Storage, Inc Common 74460D109 19,265 173,010 SH SOLE 81,078 0 91,932 Quanta Services, Inc. Common 74762E102 14,325 762,400 SH SOLE 762,400 0 0 Rayonier, Inc Common 754907103 8,358 227,180 SH SOLE 105,735 0 121,445 Regency Centers Corporation Common 758849103 47,461 1,343,359 SH SOLE 50,082 0 1,293,277 Republic Services, Inc. Common 760759100 271 9,650 SH SOLE 9,650 0 0 RPX Corp. Common 74972G103 8,900 429,737 SH SOLE 387,763 0 41,974 SAP AG ADR 803054204 14,963 295,588 SH SOLE 260,522 0 35,066 Schlumberger Ltd. Common 806857108 75,195 1,258,910 SH SOLE 1,171,655 0 87,255 School Specialty Conv. Bond 3.75% Bond 807863AM7 10,283 11,300,000 PRN SOLE 11,300,000 0 0 School Specialty Inc. Common 807863105 3,941 552,727 SH SOLE 552,727 0 0 Sealed Air Corp. Common 81211K100 468,012 28,024,657 SH SOLE 25,793,247 0 2,231,410 Sigma-Aldrich Corp. Common 826552101 27,899 451,511 SH SOLE 395,141 0 56,370 Simon Property Group Inc. Common 828806109 80,760 734,312 SH SOLE 140,191 0 594,121 Sinovac Biotech Ltd. Foreign P8696W104 5,644 2,530,808 SH SOLE 2,530,808 0 0 SL Green Realty Corp. Common 78440X101 7,888 135,643 SH SOLE 64,067 0 71,576 Spectra Energy Corp. Common 847560109 384 15,650 SH SOLE 15,650 0 0 T. Rowe Price Group, Inc. Common 74144T108 3,630 75,985 SH SOLE 58,260 0 17,725 Target Corp. Common 87612E106 405 8,250 SH SOLE 8,250 0 0 Techne Corp. Common 878377100 2,370 34,844 SH SOLE 30,776 0 4,068 Tenaris S.A. - ADR ADR 88031M109 18,189 714,680 SH SOLE 665,962 0 48,718 Texas Instruments, Inc. Common 882508104 761,687 28,581,109 SH SOLE 26,466,866 0 2,114,243 The First Marblehead Corp. Common 320771108 1,948 1,910,194 SH SOLE 1,910,194 0 0 The Sherwin Williams Co. Common 824348106 15,669 210,826 SH SOLE 185,052 0 25,774 The TJX Companies, Inc. Common 872540109 632 11,390 SH SOLE 11,390 0 0 Toll Brothers, Inc. Common 889478103 5,477 379,530 SH SOLE 176,610 0 202,920 Toronto Dominion Bank Foreign 891160509 5,783 81,505 SH SOLE 3,395 0 78,110 Transatlantic Holdings, Inc. Common 893521104 713,690 14,709,182 SH SOLE 13,446,168 0 1,263,014 Transocean Inc. Series C Bond 893830AW9 5,619 5,800,000 PRN SOLE 5,800,000 0 0 Transocean Ltd. Common H8817H100 314,558 6,588,990 SH SOLE 6,104,329 0 484,661 Tyson Foods Inc 3.25% 10/15/13 Bond 902494AP8 19,602 16,250,000 PRN SOLE 16,250,000 0 0 Tyson Foods Inc. Common 902494103 4,996 287,810 SH SOLE 287,810 0 0 UDR, Inc. Common 902653104 9,471 427,781 SH SOLE 0 0 427,781 Unilever NV ADR 904784709 193,156 6,133,884 SH SOLE 5,648,435 0 485,449 United Rental 4% CV Bond 911363AL3 5,380 3,200,000 PRN SOLE 3,200,000 0 0 Universal Health Services, Inc. Common 913903100 9,666 284,300 SH SOLE 284,300 0 0 US Bancorp Common 902973304 6,262 265,996 SH SOLE 211,570 0 54,426 US Steel Corp. 4% 05/15/14 Bond 912909AE8 11,624 11,150,000 PRN SOLE 11,150,000 0 0 US Steel Corp. Common 912909108 1,822 82,800 SH SOLE 82,800 0 0 Vale SA-Sp Pref ADR 91912E204 3,921 186,704 SH SOLE 186,679 0 25 Valeant Pharmaceutical Int'l Common 91911K102 10,021 269,969 SH SOLE 269,969 0 0 Ventas, Inc. Common 92276F100 80,307 1,625,646 SH SOLE 179,315 0 1,446,331 Visa Inc. Common 92826C839 199,261 2,324,555 SH SOLE 2,110,230 0 214,325 Vornado Realty Trust Common 929042109 30,886 413,914 SH SOLE 73,952 0 339,962 Waste Connections Inc. Common 941053100 12,547 370,990 SH SOLE 370,990 0 0 Wells Fargo & Co. Common 949746101 2,489,805 103,225,731 SH SOLE 95,587,381 0 7,638,350 Wells Fargo & Co. Warrants Warrant 949746119 4,682 608,100 SH SOLE 608,100 0 0 Western Union Company Common 959802109 3,587 234,602 SH SOLE 234,602 0 0 Whole Foods Market Inc. Common 966837106 10,300 157,710 SH SOLE 157,710 0 0 Youku.com Inc. ADR 98742U100 7,497 458,280 SH SOLE 458,280 0 0 Yum! Brands, Inc. Common 988498101 33,856 685,482 SH SOLE 599,483 0 85,999