The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||||||
| UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
| ||||||||||||||||||||
| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | ||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | |||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| 58.com Inc ADR | ADR | 31680Q104 | 1,099 | 26,440 | SH | SOLE | 26,440 | 0 | 0 | ||
| Acadia Realty Trust | Common | 004239109 | 23,507 | 733,898 | SH | SOLE | 207,756 | 0 | 526,142 | ||
| Ace Limited | Common | H0023R105 | 385,236 | 3,353,376 | SH | SOLE | 3,172,114 | 0 | 181,262 | ||
| Activision Blizzard, Inc. | Common | 00507V109 | 34,492 | 1,711,762 | SH | SOLE | 1,560,914 | 0 | 150,848 | ||
| AES Corp. | Common | 00130H105 | 5,815 | 422,306 | SH | SOLE | 422,306 | 0 | 0 | ||
| AES Trust III,6.75%,10/15/29 | Preferred | 00808N202 | 7,380 | 145,027 | SH | SOLE | 145,027 | 0 | 0 | ||
| Agilent Technologies, Inc. | Common | 00846U101 | 121,578 | 2,969,653 | SH | SOLE | 2,785,926 | 0 | 183,727 | ||
| Air Products & Chemicals, Inc. | Common | 009158106 | 253 | 1,754 | SH | SOLE | 0 | 0 | 1,754 | ||
| Alexander & Baldwin, Inc. | Common | 014491104 | 7,722 | 196,686 | SH | SOLE | 196,508 | 0 | 178 | ||
| Alexandria Real Estate Equities, Inc. | Common | 015271109 | 18,853 | 212,449 | SH | SOLE | 80,670 | 0 | 131,779 | ||
| Alibaba Group Holding Ltd. | ADR | 01609W102 | 11,136 | 107,142 | SH | SOLE | 107,142 | 0 | 0 | ||
| Allegheny Technologies, Inc. | Common | 01741R102 | 12,351 | 355,231 | SH | SOLE | 355,231 | 0 | 0 | ||
| Altera Corp. | Common | 021441100 | 1,433 | 38,800 | SH | SOLE | 38,800 | 0 | 0 | ||
| Amazon.Com, Inc. | Common | 023135106 | 1,449,456 | 4,670,390 | SH | SOLE | 4,387,062 | 0 | 283,328 | ||
| American Campus Communities Inc. | Common | 024835100 | 23,473 | 567,539 | SH | SOLE | 181,129 | 0 | 386,410 | ||
| American Express Co. | Common | 025816109 | 2,069,183 | 22,239,723 | SH | SOLE | 20,959,765 | 0 | 1,279,958 | ||
| American Homes 4 Rent, Class A | Common | 02665T306 | 7,879 | 462,680 | SH | SOLE | 162,620 | 0 | 300,060 | ||
| American International Group Inc. | Common | 026874784 | 28,998 | 517,723 | SH | SOLE | 517,723 | 0 | 0 | ||
| American Residential Properties, Inc. | Common | 02927E303 | 7,194 | 409,445 | SH | SOLE | 146,320 | 0 | 263,125 | ||
| Angie's List Inc. | Common | 034754101 | 22,780 | 3,656,573 | SH | SOLE | 3,354,499 | 0 | 302,074 | ||
| Anthem, Inc. | Common | 036752103 | 6,731 | 53,558 | SH | SOLE | 47,184 | 0 | 6,374 | ||
| Apple Inc. | Common | 037833100 | 363 | 3,290 | SH | SOLE | 3,290 | 0 | 0 | ||
| Applied Materials, Inc. | Common | 038222105 | 8,849 | 355,090 | SH | SOLE | 314,819 | 0 | 40,271 | ||
| Avalonbay Communities, Inc. | Common | 053484101 | 25,322 | 154,976 | SH | SOLE | 57,660 | 0 | 97,316 | ||
| Bank of America Corp. | Common | 060505104 | 11,435 | 639,176 | SH | SOLE | 639,176 | 0 | 0 | ||
| Bank of New York Mellon Corp. | Common | 064058100 | 2,226,094 | 54,870,475 | SH | SOLE | 51,441,881 | 0 | 3,428,594 | ||
| Berkshire Hathaway Inc., Class A | Common | 084670108 | 1,473,068 | 6,518 | SH | SOLE | 6,150 | 0 | 368 | ||
| Berkshire Hathaway Inc., Class B | Common | 084670702 | 236,725 | 1,576,592 | SH | SOLE | 1,413,389 | 0 | 163,203 | ||
| Biomed Realty Trust Inc. | Common | 09063H107 | 16,782 | 779,101 | SH | SOLE | 191,926 | 0 | 587,175 | ||
| Boardwalk Pipeline Partners | Partnership | 096627104 | 393 | 22,090 | SH | SOLE | 22,090 | 0 | 0 | ||
| Boston Properties, Inc. | Common | 101121101 | 27,823 | 216,200 | SH | SOLE | 73,047 | 0 | 143,153 | ||
| Brandywine Realty Trust | Common | 105368203 | 15,729 | 984,319 | SH | SOLE | 345,804 | 0 | 638,515 | ||
| Brookfield Asset Management Inc., Class A | Foreign | 112585104 | 243,577 | 4,858,912 | SH | SOLE | 4,591,246 | 0 | 267,666 | ||
| Campus Crest Communities, Inc. | Common | 13466Y105 | 3,755 | 513,671 | SH | SOLE | 181,305 | 0 | 332,366 | ||
| Canadian Natural Resources Ltd. | Foreign | 136385101 | 60,413 | 1,956,371 | SH | SOLE | 1,776,858 | 0 | 179,513 | ||
| Capital One Financial Corp. | Common | 14040H105 | 15,375 | 186,250 | SH | SOLE | 186,250 | 0 | 0 | ||
| CarMax, Inc. | Common | 143130102 | 780,778 | 11,726,913 | SH | SOLE | 10,969,018 | 0 | 757,895 | ||
| CatchMark Timber Trust Inc., Class A | Common | 14912Y202 | 5,235 | 462,490 | SH | SOLE | 225,510 | 0 | 236,980 | ||
| CBL & Associates Properties, Inc. | Common | 124830100 | 4,446 | 228,945 | SH | SOLE | 147,475 | 0 | 81,470 | ||
| Cedar Realty Trust Inc. | Common | 150602209 | 5,253 | 715,637 | SH | SOLE | 243,372 | 0 | 472,265 | ||
| Cemex SA ADR | ADR | 151290889 | 231 | 22,635 | SH | SOLE | 22,635 | 0 | 0 | ||
| Charles Schwab Corp. | Common | 808513105 | 587,233 | 19,451,228 | SH | SOLE | 18,307,790 | 0 | 1,143,438 | ||
| Chubb Corp. | Common | 171232101 | 16,373 | 158,243 | SH | SOLE | 156,500 | 0 | 1,743 | ||
| Citigroup Inc. | Common | 172967424 | 12,430 | 229,709 | SH | SOLE | 229,709 | 0 | 0 | ||
| Citizens Financial Group Inc. | Common | 174610105 | 154,951 | 6,232,950 | SH | SOLE | 5,942,620 | 0 | 290,330 | ||
| Coca Cola Co. | Common | 191216100 | 273 | 6,475 | SH | SOLE | 0 | 0 | 6,475 | ||
| Colgate-Palmolive Co. | Common | 194162103 | 13,359 | 193,077 | SH | SOLE | 170,329 | 0 | 22,748 | ||
| Coresite Realty Corp. | Common | 21870Q105 | 13,905 | 356,075 | SH | SOLE | 121,062 | 0 | 235,013 | ||
| Corporate Office Properties Trust | Common | 22002T108 | 30,853 | 1,087,509 | SH | SOLE | 326,387 | 0 | 761,122 | ||
| Costco Wholesale Corp. | Common | 22160K105 | 641,100 | 4,522,761 | SH | SOLE | 4,270,249 | 0 | 252,512 | ||
| Coupons.com, Inc. | Common | 22265J102 | 13,844 | 779,943 | SH | SOLE | 769,795 | 0 | 10,148 | ||
| Cousins Properties, Inc. | Common | 222795106 | 5,150 | 450,940 | SH | SOLE | 232,825 | 0 | 218,115 | ||
| Ctrip.com International, Ltd. ADR | ADR | 22943F100 | 5,947 | 130,701 | SH | SOLE | 130,701 | 0 | 0 | ||
| CubeSmart | Common | 229663109 | 11,273 | 510,790 | SH | SOLE | 216,421 | 0 | 294,369 | ||
| DCT Industrial Trust Inc. | Common | 233153204 | 22,862 | 641,099 | SH | SOLE | 238,572 | 0 | 402,527 | ||
| DDR Corporation | Common | 23317H102 | 5,261 | 286,547 | SH | SOLE | 286,302 | 0 | 245 | ||
| Devon Energy Corp. | Common | 25179M103 | 12,817 | 209,390 | SH | SOLE | 209,390 | 0 | 0 | ||
| Diageo PLC - ADR | ADR | 25243Q205 | 102,234 | 896,079 | SH | SOLE | 740,703 | 0 | 155,376 | ||
| Disney Walt Holdings | Common | 254687106 | 249 | 2,641 | SH | SOLE | 95 | 0 | 2,546 | ||
| DuPont Fabros Technology Inc. | Common | 26613Q106 | 8,826 | 265,536 | SH | SOLE | 69,089 | 0 | 196,447 | ||
| Eastgroup Properties, Inc. | Common | 277276101 | 5,972 | 94,310 | SH | SOLE | 33,559 | 0 | 60,751 | ||
| Ecolab Inc. | Common | 278865100 | 457,188 | 4,374,165 | SH | SOLE | 4,110,062 | 0 | 264,103 | ||
| Education Realty Trust, Inc. | Common | 28140H203 | 16,643 | 454,838 | SH | SOLE | 129,184 | 0 | 325,654 | ||
| Encana Corporation | Foreign | 292505104 | 545,142 | 39,303,662 | SH | SOLE | 37,126,303 | 0 | 2,177,359 | ||
| Endurance International Group Hlgs, Inc. | Common | 29272B105 | 16,627 | 902,181 | SH | SOLE | 839,566 | 0 | 62,615 | ||
| EOG Resources, Inc. | Common | 26875P101 | 331,692 | 3,602,605 | SH | SOLE | 3,368,600 | 0 | 234,005 | ||
| Essex Property Trust, Inc. | Common | 297178105 | 17,968 | 86,969 | SH | SOLE | 26,439 | 0 | 60,530 | ||
| Everest Re Group, Ltd. | Common | G3223R108 | 171,653 | 1,007,947 | SH | SOLE | 967,982 | 0 | 39,965 | ||
| Expeditors Int'l of Washington Inc. | Common | 302130109 | 2,965 | 66,472 | SH | SOLE | 66,472 | 0 | 0 | ||
| Express Scripts Holding Co. | Common | 30219G108 | 1,100,939 | 13,002,699 | SH | SOLE | 12,158,436 | 0 | 844,263 | ||
| Extended Stay America, Inc. | Common | 30224P200 | 3,032 | 157,017 | SH | SOLE | 156,875 | 0 | 142 | ||
| Fairchild Semiconductor International | Common | 303726103 | 8,125 | 481,367 | SH | SOLE | 481,367 | 0 | 0 | ||
| Federal Realty Investment Trust | Common | 313747206 | 15,501 | 116,144 | SH | SOLE | 44,744 | 0 | 71,400 | ||
| First Industrial Realty Trust, Inc. | Common | 32054K103 | 4,410 | 214,518 | SH | SOLE | 72,457 | 0 | 142,061 | ||
| Forest City Ent 3.625% 8/15/20 | Bond | 345550AR8 | 3,723 | 3,500,000 | PRN | SOLE | 3,500,000 | 0 | 0 | ||
| Forest City Ent FCE 4.25% 8/15/18 | Bond | 345550AP2 | 13,082 | 11,463,000 | PRN | SOLE | 11,463,000 | 0 | 0 | ||
| Forest City Ent FCE 5% 10/15/16 | Bond | 345550AM9 | 1,880 | 1,120,000 | PRN | SOLE | 1,120,000 | 0 | 0 | ||
| Forest City Enterprises Inc. Class A | Common | 345550107 | 6,550 | 307,499 | SH | SOLE | 307,227 | 0 | 272 | ||
| Franklin Resources Inc | Common | 354613101 | 388 | 7,000 | SH | SOLE | 7,000 | 0 | 0 | ||
| Freeport-McMoRan Copper & Gold, Inc. | Common | 35671D857 | 6,527 | 279,404 | SH | SOLE | 279,404 | 0 | 0 | ||
| General Electric Co. | Common | 369604103 | 10,769 | 426,172 | SH | SOLE | 426,172 | 0 | 0 | ||
| General Growth Properties Inc. | Common | 370023103 | 25,460 | 905,090 | SH | SOLE | 328,309 | 0 | 576,781 | ||
| Goldman Sachs Group Inc. | Common | 38141G104 | 27,664 | 142,722 | SH | SOLE | 142,722 | 0 | 0 | ||
| Google Inc. Class A | Common | 38259P508 | 1,000,255 | 1,884,926 | SH | SOLE | 1,773,296 | 0 | 111,630 | ||
| Google Inc. Class C | Common | 38259P706 | 991,397 | 1,883,353 | SH | SOLE | 1,771,545 | 0 | 111,808 | ||
| Grubhub Inc | Common | 400110102 | 9,742 | 268,227 | SH | SOLE | 268,227 | 0 | 0 | ||
| Grupo Televisa S.A.B. ADR | ADR | 40049J206 | 17,898 | 525,491 | SH | SOLE | 525,491 | 0 | 0 | ||
| Halliburton Co. | Common | 406216101 | 239,457 | 6,088,400 | SH | SOLE | 5,758,448 | 0 | 329,952 | ||
| Hewlett Packard Co. | Common | 428236103 | 12,153 | 302,844 | SH | SOLE | 267,041 | 0 | 35,803 | ||
| Highwoods Properties Inc. | Common | 431284108 | 9,647 | 217,867 | SH | SOLE | 74,697 | 0 | 143,170 | ||
| Host Hotels & Resorts Inc. | Common | 44107P104 | 18,708 | 787,048 | SH | SOLE | 298,732 | 0 | 488,316 | ||
| Hunter Douglas N.V. | Foreign | 5291810NL | 73,345 | 1,764,260 | SH | SOLE | 1,707,640 | 0 | 56,620 | ||
| ICICI Bank Limited ADR | ADR | 45104G104 | 7,840 | 678,785 | SH | SOLE | 678,785 | 0 | 0 | ||
| IDEXX Laboratories, Inc. | Common | 45168D104 | 52,159 | 351,787 | SH | SOLE | 330,946 | 0 | 20,841 | ||
| Intel Corp 3.25% 8/1/39 | Bond | 458140AF7 | 18,346 | 10,551,000 | PRN | SOLE | 10,551,000 | 0 | 0 | ||
| Intel Corp. | Common | 458140100 | 6,694 | 184,468 | SH | SOLE | 164,038 | 0 | 20,430 | ||
| International Business Machines | Common | 459200101 | 3,331 | 20,760 | SH | SOLE | 17,258 | 0 | 3,502 | ||
| iShares Russell 3000 Index Fund | ETF | 464287689 | 2,385 | 19,500 | SH | SOLE | 18,692 | 0 | 808 | ||
| iShares S&P 500 Value Index Fund | ETF | 464287408 | 15,509 | 165,396 | SH | SOLE | 147,854 | 0 | 17,542 | ||
| Jarden Corp. | Common | 471109108 | 790 | 16,500 | SH | SOLE | 16,500 | 0 | 0 | ||
| JD.com Inc ADR | ADR | 47215P106 | 37,729 | 1,630,466 | SH | SOLE | 1,545,450 | 0 | 85,016 | ||
| JPMorgan Chase & Co. | Common | 46625H100 | 694,414 | 11,096,430 | SH | SOLE | 10,426,685 | 0 | 669,745 | ||
| Jumei International ADR | ADR | 48138L107 | 1,364 | 100,150 | SH | SOLE | 100,150 | 0 | 0 | ||
| KBR, Inc. | Common | 48242W106 | 1,785 | 105,322 | SH | SOLE | 105,322 | 0 | 0 | ||
| Keysight Technologies, Inc. | Common | 49338L103 | 49,865 | 1,476,620 | SH | SOLE | 1,385,805 | 0 | 90,815 | ||
| Kite Realty Group Trust | Common | 49803T300 | 18,472 | 642,732 | SH | SOLE | 228,402 | 0 | 414,330 | ||
| Kohls Corp. | Common | 500255104 | 14,358 | 235,230 | SH | SOLE | 235,230 | 0 | 0 | ||
| Laboratory Corporation of America Hldg | Common | 50540R409 | 639,725 | 5,928,873 | SH | SOLE | 5,533,710 | 0 | 395,163 | ||
| Las Vegas Sands Corp. | Common | 517834107 | 844,351 | 14,517,719 | SH | SOLE | 13,672,615 | 0 | 845,104 | ||
| LaSalle Hotel Properties | Common | 517942108 | 13,209 | 326,380 | SH | SOLE | 107,563 | 0 | 218,817 | ||
| LendingClub Corp. | Common | 52603A109 | 12,650 | 500,000 | SH | SOLE | 500,000 | 0 | 0 | ||
| Liberty Global Plc Series C | Common | G5480U120 | 1,264,795 | 26,180,809 | SH | SOLE | 24,687,524 | 0 | 1,493,285 | ||
| Liberty Media Interactive Series A | Common | 53071M104 | 146,562 | 4,981,728 | SH | SOLE | 4,621,486 | 0 | 360,242 | ||
| Liberty Property Trust | Common | 531172104 | 17,991 | 478,091 | SH | SOLE | 120,408 | 0 | 357,683 | ||
| Liberty TripAdvisor Holdings Inc., Class A | Common | 531465102 | 30,932 | 1,149,876 | SH | SOLE | 1,097,132 | 0 | 52,744 | ||
| Liberty Ventures Series A | Common | 53071M880 | 82,966 | 2,199,523 | SH | SOLE | 2,083,204 | 0 | 116,319 | ||
| Loews Corp. | Common | 540424108 | 370,684 | 8,821,603 | SH | SOLE | 8,281,143 | 0 | 540,460 | ||
| Lowes Cos Inc. | Common | 548661107 | 20,100 | 292,145 | SH | SOLE | 258,088 | 0 | 34,057 | ||
| Markel Corp. | Common | 570535104 | 240,240 | 351,824 | SH | SOLE | 340,996 | 0 | 10,828 | ||
| Marsh & McLennan Co. | Common | 571748102 | 29,890 | 522,180 | SH | SOLE | 522,180 | 0 | 0 | ||
| Masco Corp. | Common | 574599106 | 11,220 | 445,240 | SH | SOLE | 445,240 | 0 | 0 | ||
| Mastercard, Inc. | Common | 57636Q104 | 1,318 | 15,300 | SH | SOLE | 15,300 | 0 | 0 | ||
| McGraw Hill Financial, Inc. | Common | 580645109 | 16,194 | 182,000 | SH | SOLE | 182,000 | 0 | 0 | ||
| Microsoft Corp. | Common | 594918104 | 362,190 | 7,797,416 | SH | SOLE | 7,221,033 | 0 | 576,383 | ||
| Moody's Corp. | Common | 615369105 | 228,149 | 2,381,270 | SH | SOLE | 2,250,933 | 0 | 130,337 | ||
| Nabors Industries Ltd. | Common | G6359F103 | 8,453 | 651,242 | SH | SOLE | 651,242 | 0 | 0 | ||
| National Health Investors, Inc. | Common | 63633D104 | 5,474 | 78,242 | SH | SOLE | 43,366 | 0 | 34,876 | ||
| NetEase Inc. ADR | ADR | 64110W102 | 10,997 | 110,926 | SH | SOLE | 110,926 | 0 | 0 | ||
| Netflix Inc. | Common | 64110L106 | 133,768 | 391,581 | SH | SOLE | 369,125 | 0 | 22,456 | ||
| Nike Inc | Common | 654106103 | 11,836 | 123,100 | SH | SOLE | 108,582 | 0 | 14,518 | ||
| Oracle Corporation | Common | 68389X105 | 365,711 | 8,132,337 | SH | SOLE | 7,609,339 | 0 | 522,998 | ||
| PACCAR Inc. | Common | 693718108 | 544,522 | 8,006,497 | SH | SOLE | 7,461,362 | 0 | 545,135 | ||
| Paramount Group, Inc. | Common | 69924R108 | 3,766 | 202,564 | SH | SOLE | 75,595 | 0 | 126,969 | ||
| Philip Morris International Inc. | Common | 718172109 | 4,730 | 58,067 | SH | SOLE | 50,244 | 0 | 7,823 | ||
| Post Properties Inc. | Common | 737464107 | 19,535 | 332,403 | SH | SOLE | 99,924 | 0 | 232,479 | ||
| Praxair, Inc. | Common | 74005P104 | 704,010 | 5,433,852 | SH | SOLE | 5,100,469 | 0 | 333,383 | ||
| Prologis, Inc. | Common | 74340W103 | 8,429 | 195,885 | SH | SOLE | 69,425 | 0 | 126,460 | ||
| Public Storage | Common | 74460D109 | 16,806 | 90,917 | SH | SOLE | 39,282 | 0 | 51,635 | ||
| Qihoo 360 Technology Co. ADR | ADR | 74734M109 | 124,256 | 2,170,024 | SH | SOLE | 2,050,999 | 0 | 119,025 | ||
| Quanta Services, Inc. | Common | 74762E102 | 11,640 | 410,000 | SH | SOLE | 410,000 | 0 | 0 | ||
| Quest Diagnostics Inc. | Common | 74834L100 | 345,740 | 5,155,683 | SH | SOLE | 4,831,588 | 0 | 324,095 | ||
| Ramco-Gershenson Properties Trust | Common | 751452202 | 9,933 | 530,021 | SH | SOLE | 182,676 | 0 | 347,345 | ||
| Republic Services, Inc. | Common | 760759100 | 728 | 18,080 | SH | SOLE | 18,080 | 0 | 0 | ||
| Rockwell Automation Inc. | Common | 773903109 | 37,481 | 337,063 | SH | SOLE | 317,259 | 0 | 19,804 | ||
| Salesforce.com Inc | Common | 79466L302 | 8,283 | 139,661 | SH | SOLE | 124,193 | 0 | 15,468 | ||
| SAP AG ADR | ADR | 803054204 | 11,114 | 159,576 | SH | SOLE | 141,965 | 0 | 17,611 | ||
| SBA Communications Corp. Class A | Common | 78388J106 | 2,892 | 26,114 | SH | SOLE | 26,090 | 0 | 24 | ||
| Sigma-Aldrich Corp. | Common | 826552101 | 5,032 | 36,659 | SH | SOLE | 31,465 | 0 | 5,194 | ||
| Simon Property Group Inc. | Common | 828806109 | 49,961 | 274,345 | SH | SOLE | 114,254 | 0 | 160,091 | ||
| SL Green Realty Corp. | Common | 78440X101 | 8,206 | 68,943 | SH | SOLE | 24,822 | 0 | 44,121 | ||
| Soufun Holdings Ltd Class A ADR | ADR | 836034108 | 112,878 | 15,274,380 | SH | SOLE | 14,540,761 | 0 | 733,619 | ||
| Sysco Corp. | Common | 871829107 | 422,883 | 10,654,643 | SH | SOLE | 10,035,612 | 0 | 619,031 | ||
| Taubman Centers, Inc. | Common | 876664103 | 7,460 | 97,620 | SH | SOLE | 44,840 | 0 | 52,780 | ||
| Terreno Realty Corp. | Common | 88146M101 | 14,160 | 686,384 | SH | SOLE | 230,827 | 0 | 455,557 | ||
| Texas Instruments, Inc. | Common | 882508104 | 664,418 | 12,427,196 | SH | SOLE | 11,698,781 | 0 | 728,415 | ||
| Textron Inc. | Common | 883203101 | 187,823 | 4,460,297 | SH | SOLE | 4,213,191 | 0 | 247,106 | ||
| The Macerich Co. | Common | 554382101 | 3,633 | 43,554 | SH | SOLE | 43,516 | 0 | 38 | ||
| The Priceline Group Inc. | Common | 741503403 | 402,524 | 353,026 | SH | SOLE | 331,491 | 0 | 21,535 | ||
| The Sherwin Williams Co. | Common | 824348106 | 8,634 | 32,825 | SH | SOLE | 29,207 | 0 | 3,618 | ||
| Tiffany & Co. | Common | 886547108 | 534 | 5,000 | SH | SOLE | 5,000 | 0 | 0 | ||
| Time Warner Cable Inc. | Common | 88732J207 | 18,729 | 123,169 | SH | SOLE | 110,897 | 0 | 12,272 | ||
| TJX Companies Inc. | Common | 872540109 | 7,061 | 102,960 | SH | SOLE | 91,251 | 0 | 11,709 | ||
| Transdigm Group Inc. | Common | 893641100 | 20,713 | 105,490 | SH | SOLE | 98,051 | 0 | 7,439 | ||
| Transocean Ltd. | Common | H8817H100 | 7,756 | 423,106 | SH | SOLE | 423,106 | 0 | 0 | ||
| Twenty-First Century Fox Inc Class A | Common | 90130A101 | 11,376 | 296,216 | SH | SOLE | 296,216 | 0 | 0 | ||
| Twenty-First Century Fox Inc Class B | Common | 90130A200 | 27,899 | 756,264 | SH | SOLE | 668,302 | 0 | 87,962 | ||
| Tyson Foods Inc 4.75 07/15/17 | Preferred | 902494301 | 9,313 | 185,000 | SH | SOLE | 185,000 | 0 | 0 | ||
| Tyson Foods Inc. | Common | 902494103 | 6,024 | 150,260 | SH | SOLE | 150,260 | 0 | 0 | ||
| Ultra Petroleum Corp | Common | 903914109 | 257,915 | 19,598,377 | SH | SOLE | 18,403,574 | 0 | 1,194,803 | ||
| Unilever NV - NY Shares | ADR | 904784709 | 6,286 | 161,008 | SH | SOLE | 135,332 | 0 | 25,676 | ||
| United Parcel Service, Inc., Class B | Common | 911312106 | 267 | 2,402 | SH | SOLE | 0 | 0 | 2,402 | ||
| United Rentals, Inc. | Common | 911363109 | 10,373 | 101,686 | SH | SOLE | 101,686 | 0 | 0 | ||
| UnitedHealth Group Inc. | Common | 91324P102 | 1,158,630 | 11,461,371 | SH | SOLE | 10,766,431 | 0 | 694,940 | ||
| Universal Health Services, Inc. | Common | 913903100 | 13,251 | 119,100 | SH | SOLE | 119,100 | 0 | 0 | ||
| US Bancorp | Common | 902973304 | 41,048 | 913,186 | SH | SOLE | 864,447 | 0 | 48,739 | ||
| US Steel Corp. Conv. Bond 2.75% 4/1/19 | Bond | 912909AH1 | 15,221 | 12,250,000 | PRN | SOLE | 12,250,000 | 0 | 0 | ||
| Valeant Pharmaceuticals International | Common | 91911K102 | 502,053 | 3,508,163 | SH | SOLE | 3,293,399 | 0 | 214,764 | ||
| Ventas, Inc. | Common | 92276F100 | 24,251 | 338,235 | SH | SOLE | 115,172 | 0 | 223,063 | ||
| Vipshop Holdings Ltd. ADS | ADR | 92763W103 | 30,210 | 1,546,042 | SH | SOLE | 1,435,468 | 0 | 110,574 | ||
| Visa Inc. Class A | Common | 92826C839 | 505,158 | 1,926,613 | SH | SOLE | 1,814,498 | 0 | 112,115 | ||
| Vornado Realty Trust | Common | 929042109 | 21,457 | 182,286 | SH | SOLE | 70,080 | 0 | 112,206 | ||
| W.R. Berkley Corp. | Common | 084423102 | 260 | 5,080 | SH | SOLE | 5,080 | 0 | 0 | ||
| Washington Prime Group Inc | Common | 939647103 | 3,686 | 214,030 | SH | SOLE | 74,830 | 0 | 139,200 | ||
| Waste Connections Inc. | Common | 941053100 | 11,590 | 263,470 | SH | SOLE | 263,470 | 0 | 0 | ||
| Wells Fargo & Co. | Common | 949746101 | 2,258,871 | 41,205,254 | SH | SOLE | 38,535,977 | 0 | 2,669,277 | ||
| Wells Fargo & Co. Warrants | Warrant | 949746119 | 9,275 | 434,218 | SH | SOLE | 434,218 | 0 | 0 | ||
| Wesco Aircraft Holdings, Inc. | Common | 950814103 | 83,992 | 6,008,026 | SH | SOLE | 5,711,071 | 0 | 296,955 | ||
| Weyerhaeuser Co. | Common | 962166104 | 14,427 | 401,988 | SH | SOLE | 136,109 | 0 | 265,879 | ||
| Whole Foods Market Inc. | Common | 966837106 | 13,638 | 270,494 | SH | SOLE | 270,494 | 0 | 0 | ||
| Wynn Resorts Ltd. | Common | 983134107 | 1,561 | 10,493 | SH | SOLE | 10,484 | 0 | 9 | ||
| Youku Tudou Inc. ADR | ADR | 98742U100 | 25,399 | 1,426,105 | SH | SOLE | 1,314,848 | 0 | 111,257 | ||
| YY Inc. ADR | ADR | 98426T106 | 18,339 | 294,174 | SH | SOLE | 278,115 | 0 | 16,059 | ||