13F-HR 1 sec13f123112.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 Ended: December 31, 2012 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 February 14, 2013 Report Type (Check only one.): [ ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [X] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Mangers: 1 Form 13F Information Table Entry Total: 270 Form 13F Information Table Value Total: $38.1 Billion List of Other Included Managers: 1) Directed Services, LLC #028-14593 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 --------------------------------- --------- --------- --------- ----------- --- --- ------- ---- ---------- ----- --------- 3M company Common 88579Y101 10,917 117,573 SH SOLE 101,946 0 15,627 ABB Limited ADR ADR 000375204 2,171 104,440 SH SOLE 104,440 0 0 Ace Limited Common H0023R105 348,515 4,367,356 SH SOLE 4,186,483 0 180,873 Ace Limited Common H0023R105 3,987 49,960 SH Defined 1 0 0 49,960 Activision Blizzard, Inc. Common 00507V109 209,660 19,742,037 SH SOLE 19,080,828 0 661,209 Activision Blizzard, Inc. Common 00507V109 2,491 234,552 SH Defined 1 0 0 234,552 AES Corp. Common 00130H105 5,792 541,340 SH SOLE 541,340 0 0 AES Trust III,6.75%,10/15/29 Preferred 00808N202 8,131 163,758 SH SOLE 163,758 0 0 Agilent Technologies, Inc. Common 00846U101 192,483 4,701,593 SH SOLE 4,389,688 0 311,905 Agilent Technologies, Inc. Common 00846U101 1,332 32,528 SH Defined 1 0 0 32,528 Air Products & Chemicals, Inc. Common 009158106 527,711 6,280,780 SH SOLE 6,024,531 0 256,249 Air Products & Chemicals, Inc. Common 009158106 4,803 57,170 SH Defined 1 0 0 57,170 Alexandria Real Estate Equities Common 015271109 79,666 1,149,245 SH SOLE 134,150 0 1,015,095 Alleghany Corp. Common 017175100 683,088 2,036,515 SH SOLE 1,884,618 0 151,897 Alleghany Corp. Common 017175100 5,868 17,495 SH Defined 1 0 0 17,495 Allegheny Tech. 4.25% 6/1/14 Bond 01741RAD4 7,424 6,815,000 PRN SOLE 6,815,000 0 0 Allegheny Technologies, Inc. Common 01741R102 6,080 200,250 SH SOLE 200,250 0 0 Amazon.Com, Inc. Common 023135106 4,810 19,175 SH SOLE 18,773 0 402 America Movil S.A.B. de C.V. ADR 02364W105 107,229 4,633,910 SH SOLE 4,474,689 0 159,221 America Movil S.A.B. de C.V. ADR 02364W105 1,054 45,530 SH Defined 1 0 0 45,530 American Campus Communities Common 024835100 83,619 1,812,673 SH SOLE 342,152 0 1,470,521 American Express Co. Common 025816109 2,412,921 41,978,444 SH SOLE 39,851,852 0 2,126,592 American Express Co. Common 025816109 20,556 357,620 SH Defined 1 0 0 357,620 American International Group Inc. Common 026874784 41,319 1,170,500 SH SOLE 985,300 0 185,200 American Tower Corp. Common 03027X100 31,907 412,924 SH SOLE 68,639 0 344,285 Ameriprise Financial, Inc. Common 03076C106 214,725 3,428,474 SH SOLE 3,184,635 0 243,839 Ameriprise Financial, Inc. Common 03076C106 1,387 22,150 SH Defined 1 0 0 22,150 Angie's List Inc. Common 034754101 14,590 1,216,813 SH SOLE 1,128,178 0 88,635 Aon Plc. Common G0408V102 17,945 322,695 SH SOLE 322,695 0 0 Apache Corp Common 037411105 213 2,715 SH SOLE 2,365 0 350 Apple Inc. Common 037833100 419 788 SH SOLE 788 0 0 Applied Materials, Inc. Common 038222105 1,061 92,750 SH SOLE 86,850 0 5,900 AT&T Inc. Common 00206R102 2,865 85,000 SH SOLE 79,750 0 5,250 Autodesk, Inc. Common 052769106 884 25,000 SH SOLE 25,000 0 0 Automatic Data Processing Common 053015103 7,714 135,505 SH SOLE 121,606 0 13,899 Avalonbay Communities, Inc. Common 053484101 32,363 238,686 SH SOLE 68,773 0 169,913 Bank of America Corp. Common 060505104 13,837 1,191,796 SH SOLE 1,060,651 0 131,145 Bank of New York Mellon Common 064058100 2,414,562 93,951,812 SH SOLE 89,278,927 0 4,672,885 Bank of New York Mellon Common 064058100 24,014 934,390 SH Defined 1 0 0 934,390 Baxter International Inc. Common 071813109 366 5,495 SH SOLE 5,495 0 0 Becton, Dickinson and Co. Common 075887109 360 4,600 SH SOLE 4,600 0 0 Bed Bath + Beyond Inc. Common 075896100 1,230,263 22,004,343 SH SOLE 21,065,621 0 938,722 Bed Bath + Beyond Inc. Common 075896100 12,657 226,377 SH Defined 1 0 0 226,377 Berkshire Hathaway Inc., A Common 084670108 1,447,982 10,801 SH SOLE 10,447 0 354 Berkshire Hathaway Inc., A Common 084670108 16,087 120 SH Defined 1 0 0 120 Berkshire Hathaway Inc., B Common 084670702 247,222 2,756,093 SH SOLE 2,467,568 0 288,525 Biomed Realty Trust, Inc. Common 09063H107 33,977 1,757,753 SH SOLE 439,104 0 1,318,649 Boeing Co. Common 097023105 1,545 20,504 SH SOLE 18,879 0 1,625 Boston Properties, Inc. Common 101121101 18,577 175,568 SH SOLE 77,490 0 98,078 Brandywine Realty Trust Common 105368203 13,427 1,101,497 SH SOLE 176,468 0 925,029 BRE Properties, Inc. Common 05564E106 38,959 766,448 SH SOLE 153,168 0 613,280 Brookfield Asset Management Foreign 112585104 344,679 9,404,599 SH SOLE 8,877,748 0 526,851 Brookfield Asset Management Foreign 112585104 2,780 75,848 SH Defined 1 0 0 75,848 C.H. Robinson Worldwide, Inc. Common 12541W209 617 9,760 SH SOLE 9,760 0 0 Canadian Natural Resources Foreign 136385101 1,132,340 39,222,029 SH SOLE 37,702,255 0 1,519,774 Canadian Natural Resources Foreign 136385101 10,837 375,360 SH Defined 1 0 0 375,360 Carefusion Corp. Common 14170T101 246 8,615 SH SOLE 8,615 0 0 CarMax, Inc. Common 143130102 356,701 9,501,895 SH SOLE 9,160,745 0 341,150 CarMax, Inc. Common 143130102 4,355 115,999 SH Defined 1 0 0 115,999 CBL & Associates Properties Common 124830100 25,010 1,179,156 SH SOLE 211,410 0 967,746 Cemex SA ADR 151290889 404 40,928 SH SOLE 40,928 0 0 Charles Schwab Corp. Common 808513105 256,716 17,877,144 SH SOLE 17,185,600 0 691,544 Charles Schwab Corp. Common 808513105 2,925 203,680 SH Defined 1 0 0 203,680 Chubb Corp. Common 171232101 9,622 127,750 SH SOLE 114,035 0 13,715 Citigroup Inc. Common 172967424 15,071 380,959 SH SOLE 380,959 0 0 CME Group Inc. Common 12572Q105 75,825 1,496,442 SH SOLE 1,446,090 0 50,352 CME Group Inc. Common 12572Q105 808 15,950 SH Defined 1 0 0 15,950 CNinsure Inc. ADR 18976M103 1,527 233,194 SH SOLE 233,194 0 0 Coca Cola Co. Common 191216100 604,429 16,673,892 SH SOLE 15,879,915 0 793,977 Coca Cola Co. Common 191216100 5,958 164,370 SH Defined 1 0 0 164,370 Colgate-Palmolive Co. Common 194162103 581 5,562 SH SOLE 5,125 0 437 ConocoPhillips Common 20825C104 2,070 35,690 SH SOLE 34,550 0 1,140 Corporate Office Properties Trust Common 22002T108 36,411 1,457,618 SH SOLE 192,067 0 1,265,551 Costco Wholesale Corp. Common 22160K105 1,501,313 15,206,253 SH SOLE 14,494,108 0 712,145 Costco Wholesale Corp. Common 22160K105 11,104 112,465 SH Defined 1 0 0 112,465 Ctrip.com International, Ltd. ADR 22943F100 10,231 451,490 SH SOLE 451,490 0 0 Cummins Inc. Common 231021106 7,638 70,495 SH SOLE 62,681 0 7,814 CVS Caremark Corp. Common 126650100 2,350,078 48,605,550 SH SOLE 46,463,879 0 2,141,671 CVS Caremark Corp. Common 126650100 20,922 432,717 SH Defined 1 0 0 432,717 DCT Industrial Trust Inc. Common 233153105 39,169 6,035,324 SH SOLE 1,008,569 0 5,026,755 DDR Corporation Common 23317H102 16,149 1,031,256 SH SOLE 455,210 0 576,046 Deere & Co Common 244199105 12,575 145,506 SH SOLE 130,650 0 14,856 Devon Energy Corp. Common 25179M103 368,162 7,074,589 SH SOLE 6,669,739 0 404,850 Devon Energy Corp. Common 25179M103 2,953 56,750 SH Defined 1 0 0 56,750 Diageo PLC ADR 25243Q205 270,597 2,321,124 SH SOLE 2,058,814 0 262,310 Diageo PLC ADR 25243Q205 4,496 38,570 SH Defined 1 0 0 38,570 Digital Realty Trust Inc. Common 253868103 80,184 1,181,082 SH SOLE 140,472 0 1,040,610 Disney Walt Holdings Common 254687106 846,501 17,001,435 SH SOLE 16,159,883 0 841,552 Disney Walt Holdings Common 254687106 7,368 147,980 SH Defined 1 0 0 147,980 Dominion Resources, Inc. Common 25746U109 325 6,270 SH SOLE 3,600 0 2,670 Du Pont E I de Nemours & Co. Common 263534109 2,179 48,455 SH SOLE 44,450 0 4,005 DuPont Fabros Technology Inc. Common 26613Q106 32,590 1,348,905 SH SOLE 303,488 0 1,045,417 Eastgroup Properties, Inc. Common 277276101 41,192 765,502 SH SOLE 131,450 0 634,052 Ecolab Inc. Common 278865100 368,396 5,123,730 SH SOLE 4,944,340 0 179,390 Ecolab Inc. Common 278865100 4,435 61,680 SH Defined 1 0 0 61,680 Education Realty Trust, Inc. Common 28140H104 38,301 3,599,715 SH SOLE 632,908 0 2,966,807 Eli Lilly and Co. Common 532457108 14,385 291,669 SH SOLE 258,573 0 33,096 Emerson Electric Co. Common 291011104 175,567 3,315,089 SH SOLE 3,187,189 0 127,900 Emerson Electric Co. Common 291011104 1,737 32,790 SH Defined 1 0 0 32,790 EOG Resources, Inc. Common 26875P101 701,647 5,808,813 SH SOLE 5,485,046 0 323,767 EOG Resources, Inc. Common 26875P101 4,046 33,500 SH Defined 1 0 0 33,500 EPR Properties Common 26884U109 19,273 417,970 SH SOLE 85,050 0 332,920 Equity Residential Common 29476L107 32,783 578,492 SH SOLE 111,441 0 467,051 Essex Property Trust, Inc. Common 297178105 41,022 279,726 SH SOLE 45,771 0 233,955 Estee Lauder Companies, A Common 518439104 2,092 34,955 SH SOLE 32,450 0 2,505 Everest Re Group, Ltd. Common G3223R108 224,558 2,042,368 SH SOLE 1,915,773 0 126,595 Everest Re Group, Ltd. Common G3223R108 2,154 19,595 SH Defined 1 0 0 19,595 Expeditors Int'l of Washington Inc. Common 302130109 20,790 525,672 SH SOLE 487,037 0 38,635 Express Scripts Inc - Class A Common 30219G108 939,491 17,397,979 SH SOLE 16,560,234 0 837,745 Express Scripts Inc - Class A Common 30219G108 9,732 180,220 SH Defined 1 0 0 180,220 Exxon Mobil Corp. Common 30231G102 18,656 215,550 SH SOLE 190,309 0 25,241 Fairchild Semiconductor Intl Common 303726103 7,492 520,247 SH SOLE 520,247 0 0 Federal Realty Investment Trust Common 313747206 10,835 104,161 SH SOLE 45,743 0 58,418 FedEx Corp. Common 31428X106 9,102 99,236 SH SOLE 88,286 0 10,950 Forest City Ent FCE 4.25 Bond 345550AP2 4,695 4,463,000 PRN SOLE 4,463,000 0 0 Forest City Ent FCE 5 Bond 345550AM9 1,538 1,120,000 PRN SOLE 1,120,000 0 0 Forest City Enterprises Inc. - A Common 345550107 22,635 1,401,532 SH SOLE 579,712 0 821,820 Freeport-McMoRan Copper & Gold Common 35671D857 6,924 202,469 SH SOLE 202,469 0 0 General Electric Co. Common 369604103 9,406 448,110 SH SOLE 447,510 0 600 Goldman Sachs Group Inc. Common 38141G104 209,453 1,641,999 SH SOLE 1,474,228 0 167,771 Goldman Sachs Group Inc. Common 38141G104 1,662 13,030 SH Defined 1 0 0 13,030 Google Inc. Class A Common 38259P508 1,902,707 2,689,795 SH SOLE 2,580,600 0 109,195 Google Inc. Class A Common 38259P508 18,519 26,179 SH Defined 1 0 0 26,179 Groupon Inc. Common 399473107 79,466 16,351,111 SH SOLE 15,726,973 0 624,138 Groupon Inc. Common 399473107 733 150,750 SH Defined 1 0 0 150,750 Grupo Televisa SA ADR 40049J206 82,736 3,112,728 SH SOLE 3,031,338 0 81,390 Grupo Televisa SA ADR 40049J206 694 26,120 SH Defined 1 0 0 26,120 Harley-Davidson, Inc. Common 412822108 300,647 6,157,019 SH SOLE 5,767,245 0 389,774 Harley-Davidson, Inc. Common 412822108 1,735 35,530 SH Defined 1 0 0 35,530 HCP, Inc. Common 40414L109 15,283 338,416 SH SOLE 68,440 0 269,976 Hewlett Packard Co. Common 428236103 149,447 10,487,477 SH SOLE 10,013,035 0 474,442 Hewlett Packard Co. Common 428236103 1,326 93,030 SH Defined 1 0 0 93,030 Highwoods Properties Inc. Common 431284108 22,710 678,936 SH SOLE 0 0 678,936 Home Depot Inc Common 437076102 1,426 23,050 SH SOLE 22,250 0 800 Home Properties Inc. Common 437306103 14,968 244,138 SH SOLE 48,800 0 195,338 Host Hotels & Resorts Inc. Common 44107P104 17,100 1,091,260 SH SOLE 481,803 0 609,457 Hunter Douglas N.V. Foreign 005291810 78,247 2,002,023 SH SOLE 1,945,403 0 56,620 Hunter Douglas N.V. Foreign 005291810 641 16,400 SH Defined 1 0 0 16,400 ICICI Bank Limited ADR 45104G104 10,971 251,565 SH SOLE 172,020 0 79,545 IDEXX Laboratories, Inc. Common 45168D104 17,376 187,245 SH SOLE 170,331 0 16,914 Intel Corp 3.25 8/1/39 Bond 458140AF7 14,064 12,001,000 PRN SOLE 12,001,000 0 0 Intel Corp. Common 458140100 112,883 5,474,454 SH SOLE 5,244,149 0 230,305 Intel Corp. Common 458140100 1,182 57,300 SH Defined 1 0 0 57,300 International Business Machines Common 459200101 139,266 727,045 SH SOLE 695,996 0 31,049 International Business Machines Common 459200101 1,513 7,900 SH Defined 1 0 0 7,900 International Rectifier Corp. Common 460254105 6,563 370,140 SH SOLE 370,140 0 0 Iron Mountain Inc. Common 462846106 379,897 12,235,018 SH SOLE 11,586,584 0 648,434 Iron Mountain Inc. Common 462846106 3,168 102,039 SH Defined 1 0 0 102,039 iShares Lehman Aggregate Bond Fund ETF 464287226 866 7,800 SH SOLE 5,650 0 2,150 IShares TR S&P500 ETF 464287408 2,980 44,889 SH SOLE 39,999 0 4,890 Johnson & Johnson Common 478160104 20,650 294,586 SH SOLE 246,830 0 47,756 JPMorgan Chase & Co. Common 46625H100 314,305 7,148,312 SH SOLE 6,880,399 0 267,913 JPMorgan Chase & Co. Common 46625H100 3,515 79,950 SH Defined 1 0 0 79,950 Kellogg Co Common 487836108 10,668 191,014 SH SOLE 169,151 0 21,863 Kimco Realty Corp. Common 49446R109 38,462 1,990,779 SH SOLE 327,223 0 1,663,556 Kohls Corp. Common 500255104 13,719 319,200 SH SOLE 319,200 0 0 Laboratory Corporation of America HlCommon 50540R409 47,481 548,150 SH SOLE 528,515 0 19,635 Laboratory Corporation of America HlCommon 50540R409 578 6,670 SH Defined 1 0 0 6,670 LaSalle Hotel Properties Common 517942108 11,251 443,123 SH SOLE 195,617 0 247,506 Liberty Interactive Corp A Common 53071M104 209,640 10,652,453 SH SOLE 10,309,463 0 342,990 Liberty Interactive Corp A Common 53071M104 2,312 117,500 SH Defined 1 0 0 117,500 Liberty Property Trust Common 531172104 23,091 645,170 SH SOLE 0 0 645,170 Liberty Ventures Series A Common 53071M880 48,413 714,483 SH SOLE 691,414 0 23,069 Liberty Ventures Series A Common 53071M880 536 7,903 SH Defined 1 0 0 7,903 Lockheed Martin Corp. Common 539830109 579 6,268 SH SOLE 5,320 0 948 Loews Corp. Common 540424108 1,207,050 29,620,866 SH SOLE 28,010,030 0 1,610,836 Loews Corp. Common 540424108 9,458 232,099 SH Defined 1 0 0 232,099 Macerich Company Common 554382101 17,272 296,268 SH SOLE 53,375 0 242,893 Markel Corp. Common 570535104 137,356 316,912 SH SOLE 287,501 0 29,411 Markel Corp. Common 570535104 661 1,525 SH Defined 1 0 0 1,525 Martin Marietta Materials, Inc. Common 573284106 116,390 1,234,514 SH SOLE 1,186,904 0 47,610 Martin Marietta Materials, Inc. Common 573284106 1,495 15,860 SH Defined 1 0 0 15,860 Masco Corp. Common 574599106 9,054 543,430 SH SOLE 543,430 0 0 Mastercard, Inc. Common 57636Q104 514 1,047 SH SOLE 1,047 0 0 Medtronic, Inc. Common 585055106 15,022 366,212 SH SOLE 323,791 0 42,421 Microsoft Corp. Common 594918104 400,111 14,979,986 SH SOLE 14,197,705 0 782,281 Microsoft Corp. Common 594918104 3,955 148,070 SH Defined 1 0 0 148,070 Midway Gold Corp. Common 598153104 35 25,000 SH SOLE 0 0 25,000 Molycorp 3.25% Bond 608753AA7 4,875 7,500,000 PRN SOLE 7,500,000 0 0 Molycorp 6% Bond 608753AF6 5,409 5,750,000 PRN SOLE 5,750,000 0 0 Molycorp, Inc. Common 608753109 2,192 232,254 SH SOLE 232,254 0 0 Monsanto Co. Common 61166W101 981,443 10,369,182 SH SOLE 9,902,879 0 466,303 Monsanto Co. Common 61166W101 11,210 118,440 SH Defined 1 0 0 118,440 Nabors Industries Ltd. Common G6359F103 10,648 736,860 SH SOLE 736,860 0 0 NetEase.com Inc. ADR 64110W102 5,181 121,820 SH SOLE 121,820 0 0 Netflix Inc. Common 64110L106 360,820 3,896,961 SH SOLE 3,749,297 0 147,664 Netflix Inc. Common 64110L106 3,774 40,760 SH Defined 1 0 0 40,760 News Corp., Class A Common 65248E104 9,828 385,280 SH SOLE 385,280 0 0 Nielsen Holdings B.V. Common N63218106 31,816 1,040,077 SH SOLE 988,402 0 51,675 Noble Energy, Inc. Common 655044105 4,106 40,360 SH SOLE 39,475 0 885 Nokia Oyj Corp. ADR 654902204 3,544 897,134 SH SOLE 794,817 0 102,317 Nordstrom, Inc. Common 655664100 1,605 30,000 SH SOLE 30,000 0 0 Novartis Ag ADR 66987V109 2,095 33,100 SH SOLE 32,400 0 700 Oaktree Cap Group LLC Common 674001201 98,315 2,161,236 SH SOLE 2,161,236 0 0 Occidental Petroleum Corp. Common 674599105 888,244 11,594,356 SH SOLE 10,956,158 0 638,198 Occidental Petroleum Corp. Common 674599105 7,929 103,500 SH Defined 1 0 0 103,500 Oracle Corporation Common 68389X105 426,023 12,785,799 SH SOLE 12,215,738 0 570,061 Oracle Corporation Common 68389X105 4,275 128,300 SH Defined 1 0 0 128,300 PACCAR Inc Common 693718108 400,143 8,850,773 SH SOLE 8,500,386 0 350,387 PACCAR Inc Common 693718108 4,176 92,370 SH Defined 1 0 0 92,370 Pfizer Inc. Common 717081103 71,114 2,835,580 SH SOLE 2,599,979 0 235,601 Philip Morris International Inc. Common 718172109 346,912 4,147,686 SH SOLE 3,933,140 0 214,546 Philip Morris International Inc. Common 718172109 2,973 35,542 SH Defined 1 0 0 35,542 Phillips 66 Common 718546104 948 17,845 SH SOLE 17,275 0 570 Plum Creek Timber Company, Inc. Common 729251108 8,834 199,100 SH SOLE 0 0 199,100 PNC Financial Services Group Common 693475105 213 3,655 SH SOLE 3,655 0 0 Post Properties, Inc. Common 737464107 32,553 651,720 SH SOLE 147,207 0 504,513 Potash Corp Saskatchewan, Inc. Foreign 73755L107 331,618 8,149,876 SH SOLE 7,806,773 0 343,103 Potash Corp Saskatchewan, Inc. Foreign 73755L107 3,205 78,755 SH Defined 1 0 0 78,755 Praxair, Inc. Common 74005P104 271,796 2,483,293 SH SOLE 2,395,033 0 88,260 Praxair, Inc. Common 74005P104 3,218 29,400 SH Defined 1 0 0 29,400 Procter & Gamble Co. Common 742718109 13,723 202,141 SH SOLE 178,980 0 23,161 Progressive Corp. Common 743315103 1,056,308 50,061,988 SH SOLE 47,385,460 0 2,676,528 Progressive Corp. Common 743315103 9,904 469,380 SH Defined 1 0 0 469,380 Prologis, Inc. Common 74340W103 4,243 116,280 SH SOLE 11,370 0 104,910 Public Storage, Inc Common 74460D109 17,984 124,063 SH SOLE 54,738 0 69,325 Quanta Services, Inc. Common 74762E102 14,042 514,550 SH SOLE 514,550 0 0 Rayonier, Inc Common 754907103 54,810 1,057,492 SH SOLE 202,188 0 855,304 Regency Centers Corporation Common 758849103 21,324 452,537 SH SOLE 0 0 452,537 Republic Services, Inc. Common 760759100 696 23,720 SH SOLE 23,720 0 0 SAP AG ADR 803054204 9,010 112,087 SH SOLE 98,491 0 13,596 Schlumberger Ltd. Common 806857108 271,604 3,919,327 SH SOLE 3,773,237 0 146,090 Schlumberger Ltd. Common 806857108 2,688 38,790 SH Defined 1 0 0 38,790 School Specialty Inc. Common 807863105 564 594,117 SH SOLE 594,117 0 0 School Specialty Conv. Bond 3.75% Bond 807863AM7 5,636 11,243,000 PRN SOLE 11,243,000 0 0 Siemens AG ADR 826197501 268 2,450 SH SOLE 2,250 0 200 Sigma-Aldrich Corp. Common 826552101 22,102 300,376 SH SOLE 262,686 0 37,690 Simon Property Group Inc. Common 828806109 67,950 429,819 SH SOLE 95,796 0 334,023 Sinovac Biotech Ltd. Foreign 002384520 8,315 2,648,124 SH SOLE 2,648,124 0 0 SL Green Realty Corp. Common 78440X101 12,079 157,592 SH SOLE 69,718 0 87,874 Spectra Energy Corp. Common 847560109 582 21,250 SH SOLE 21,250 0 0 Sysco Corp Common 871829107 142,648 4,505,635 SH SOLE 4,306,454 0 199,181 Sysco Corp Common 871829107 1,408 44,470 SH Defined 1 0 0 44,470 Taubman Centers, Inc. Common 876664103 7,073 89,848 SH SOLE 39,731 0 50,117 Techne Corp. Common 878377100 1,628 23,820 SH SOLE 21,317 0 2,503 Tenaris S.A. - ADR ADR 88031M109 17,429 415,778 SH SOLE 415,778 0 0 Texas Instruments, Inc. Common 882508104 487,049 15,767,198 SH SOLE 14,988,665 0 778,533 Texas Instruments, Inc. Common 882508104 3,411 110,410 SH Defined 1 0 0 110,410 The First Marblehead Corp. Common 320771108 1,484 1,910,194 SH SOLE 1,910,194 0 0 The Sherwin Williams Co. Common 824348106 428 2,780 SH SOLE 2,780 0 0 Tiffany & Co. Common 886547108 135,119 2,356,461 SH SOLE 2,261,921 0 94,540 Tiffany & Co. Common 886547108 1,272 22,180 SH Defined 1 0 0 22,180 The TJX Companies, Inc. Common 872540109 812 19,120 SH SOLE 19,120 0 0 Toronto Dominion Bank Foreign 891160509 8,611 102,105 SH SOLE 23,995 0 78,110 Transocean Ltd. Common H8817H100 235,801 5,279,926 SH SOLE 5,065,496 0 214,430 Transocean Ltd. Common H8817H100 2,210 49,476 SH Defined 1 0 0 49,476 Tyson Foods Inc. Common 902494103 4,975 256,430 SH SOLE 256,430 0 0 Tyson Foods Inc 3.25% 10/15/13 Bond 902494AP8 15,317 12,665,000 PRN SOLE 12,665,000 0 0 Unilever NV ADR 904784709 28,449 742,782 SH SOLE 738,358 0 4,424 United Rental 4% CV Bond 911363AL3 12,039 2,922,000 PRN SOLE 2,922,000 0 0 US Steel Corp. Common 912909108 6,278 263,240 SH SOLE 263,240 0 0 Universal Health Services, Inc. Common 913903100 13,117 271,300 SH SOLE 271,300 0 0 US Bancorp Common 902973304 19,196 601,005 SH SOLE 500,459 0 100,546 US Steel Corp. 4% 05/15/14 Bond 912909AE8 5,552 5,150,000 PRN SOLE 5,150,000 0 0 Valeant Pharmaceutical Int'l Common 91911K102 11,197 187,335 SH SOLE 187,335 0 0 Ventas, Inc. Common 92276F100 59,025 912,013 SH SOLE 133,735 0 778,278 Vipshop Holdings Ltd. ADR 92763W103 8,101 454,090 SH SOLE 454,090 0 0 Visa Inc. Common 92826C839 316,320 2,086,820 SH SOLE 1,946,870 0 139,950 Visa Inc. Common 92826C839 3,016 19,900 SH Defined 1 0 0 19,900 Vornado Realty Trust Common 929042109 55,285 690,376 SH SOLE 123,061 0 567,315 Wal-Mart Stores, Inc. Common 931142103 15,134 221,803 SH SOLE 196,403 0 25,400 Washington Post Co., B Common 939640108 951 2,604 SH SOLE 2,515 0 89 Waste Connections Inc. Common 941053100 10,633 314,670 SH SOLE 314,670 0 0 WellPoint Inc. Common 94973V107 247 4,050 SH SOLE 4,050 0 0 Wells Fargo & Co. Common 949746101 2,389,652 69,913,764 SH SOLE 66,282,503 0 3,631,261 Wells Fargo & Co. Common 949746101 22,674 663,367 SH Defined 1 0 0 663,367 Wells Fargo & Co. Warrants Warrant 949746119 4,660 466,020 SH SOLE 466,020 0 0 Western Union Company Common 959802109 4,444 326,542 SH SOLE 326,542 0 0 Whole Foods Market Inc. Common 966837106 8,327 91,350 SH SOLE 91,350 0 0 Youku.com Inc. ADR 98742U100 18,191 997,333 SH SOLE 923,613 0 73,720