Davis Selected Advisers 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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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	1,148	20,636	SH		SOLE		20,636	0	0
Acadia Realty Trust	Common	004239109	25,778	733,787	SH		SOLE		352,007	0	381,780
Advanced Auto Parts, Inc.	Common	00751Y106	115,526	720,509	SH		SOLE		701,211	0	19,298
AES Trust III,6.75%,10/15/29	Preferred	00808N202	7,325	145,027	SH		SOLE		145,027	0	0
Agilent Technologies, Inc.	Common	00846U101	2,885	72,389	SH		SOLE		64,219	0	8,170
Air Products & Chemicals, Inc.	Common	009158106	260	1,804	SH		SOLE		0	0	1,804
Alexander & Baldwin, Inc.	Common	014491104	13,353	364,044	SH		SOLE		364,044	0	0
Alexandria Real Estate Equities, Inc.	Common	015271109	8,630	94,951	SH		SOLE		42,567	0	52,384
Allegheny Technologies, Inc.	Common	01741R102	13,448	825,049	SH		SOLE		825,049	0	0
Alphabet Inc., Class A	Common	02079K305	706,109	925,559	SH		SOLE		907,675	0	17,884
Alphabet Inc., Class C	Common	02079K107	1,026,627	1,378,116	SH		SOLE		1,358,008	0	20,108
Amazon.Com, Inc.	Common	023135106	1,580,287	2,662,030	SH		SOLE		2,619,809	0	42,221
American Campus Communities, Inc.	Common	024835100	22,663	481,264	SH		SOLE		185,480	0	295,784
American Express Co.	Common	025816109	869,865	14,167,186	SH		SOLE		13,969,340	0	197,846
American Homes 4 Rent, Class A	Common	02665T306	8,888	559,017	SH		SOLE		196,087	0	362,930
American International Group. Inc.	Common	026874784	17,944	331,990	SH		SOLE		331,990	0	0
Angie's List, Inc.	Common	034754101	25,770	3,193,318	SH		SOLE		2,859,245	0	334,073
Apache Corporation	Common	037411105	838,272	17,174,195	SH		SOLE		16,879,093	0	295,102
Apartment Investment & Management	Common	03748R101	8,946	213,912	SH		SOLE		83,042	0	130,870
Applied Materials, Inc.	Common	038222105	7,169	338,470	SH		SOLE		298,089	0	40,381
Avalonbay Communities, Inc.	Common	053484101	19,042	100,117	SH		SOLE		48,167	0	51,950
Baidu, Inc. Class A, ADR	ADR	056752108	27,528	144,214	SH		SOLE		144,214	0	0
Bank of America Corp.	Common	060505104	9,804	725,136	SH		SOLE		725,136	0	0
Bank of New York Mellon Corp.	Common	064058100	762,421	20,701,094	SH		SOLE		20,327,145	0	373,949
Banner Corporation	Common	06652V208	21,988	529,640	SH		SOLE		529,640	0	0
Berkshire Hathaway Inc., Class A	Common	084670108	1,038,648	4,866	SH		SOLE		4,862	0	4
Berkshire Hathaway Inc., Class B	Common	084670702	235,293	1,658,395	SH		SOLE		1,515,142	0	143,253
Boardwalk Pipeline Partners	Partnership	096627104	326	22,090	SH		SOLE		22,090	0	0
Boston Properties, Inc.	Common	101121101	35,685	280,810	SH		SOLE		116,560	0	164,250
Brookfield Asset Management Inc., Class A	Foreign	112585104	23,150	665,425	SH		SOLE		665,425	0	0
Cable One, Inc.	Common	12685J105	14,226	32,545	SH		SOLE		28,232	0	4,313
Cabot Oil & Gas Corp.	Common	127097103	392,237	17,271,559	SH		SOLE		16,982,673	0	288,886
California Resources Corp.	Common	13057Q107	14	13,426	SH		SOLE		12,950	0	476
Camden Property Trust	Common	133131102	11,812	140,472	SH		SOLE		54,672	0	85,800
Capital One Financial Corp.	Common	14040H105	257,695	3,718,000	SH		SOLE		3,675,450	0	42,550
CarMax, Inc.	Common	143130102	568,027	11,115,985	SH		SOLE		11,015,279	0	100,706
CatchMark Timber Trust Inc., Class A	Common	14912Y202	23,430	2,163,460	SH		SOLE		634,630	0	1,528,830
Cedar Realty Trust, Inc.	Common	150602209	10,857	1,501,675	SH		SOLE		683,435	0	818,240
Charles Schwab Corp.	Common	808513105	384,304	13,715,337	SH		SOLE		13,480,806	0	234,531
Chubb Ltd.	Common	H1467J104	277,107	2,325,696	SH		SOLE		2,294,693	0	31,003
Citigroup, Inc.	Common	172967424	9,559	228,967	SH		SOLE		228,967	0	0
Citizens Financial Group, Inc.	Common	174610105	229,784	10,968,201	SH		SOLE		10,826,063	0	142,138
Colgate-Palmolive Co.	Common	194162103	8,342	118,075	SH		SOLE		103,258	0	14,817
CorEnergy Infrastructure Trust, Inc.	Common	21870U502	7,074	351,756	SH		SOLE		85,756	0	266,000
CorEnergy Infrastructure Trust, Inc. Series A	Preferred	21870U304	3,836	182,690	SH		SOLE		182,690	0	0
Costco Wholesale Corp.	Common	22160K105	366,978	2,328,833	SH		SOLE		2,244,936	0	83,897
Cousins Properties, Inc.	Common	222795106	22,066	2,125,848	SH		SOLE		908,088	0	1,217,760
Crown Castle International Corp.	Common	22822V101	12,299	142,185	SH		SOLE		61,015	0	81,170
Ctrip.com International, Ltd. ADR	ADR	22943F100	1,762	39,821	SH		SOLE		39,821	0	0
CyrusOne, Inc.	Common	23283R100	26,956	590,500	SH		SOLE		226,402	0	364,098
DCT Industrial Trust, Inc.	Common	233153204	15,915	403,225	SH		SOLE		134,138	0	269,087
DDR Corporation	Common	23317H102	10,392	584,165	SH		SOLE		270,975	0	313,190
Devon Energy Corp.	Common	25179M103	9,204	335,430	SH		SOLE		335,430	0	0
Disney Walt Holdings	Common	254687106	259	2,609	SH		SOLE		0	0	2,609
DuPont Fabros Technology, Inc.	Common	26613Q106	11,679	288,158	SH		SOLE		111,778	0	176,380
Eastgroup Properties, Inc.	Common	277276101	24,383	403,897	SH		SOLE		164,227	0	239,670
Eaton Corporation Plc	Common	G29183103	21,225	339,281	SH		SOLE		296,672	0	42,609
Ecolab, Inc.	Common	278865100	231,309	2,074,147	SH		SOLE		2,042,537	0	31,610
Education Realty Trust, Inc.	Common	28140H203	17,237	414,360	SH		SOLE		137,277	0	277,083
Encana Corporation	Foreign	292505104	451,105	74,073,062	SH		SOLE		72,768,536	0	1,304,526
Equity Residential	Common	29476L107	15,645	208,520	SH		SOLE		97,185	0	111,335
Essex Property Trust, Inc.	Common	297178105	15,192	64,964	SH		SOLE		24,063	0	40,901
Everest Re Group, Ltd.	Common	G3223R108	39,244	198,772	SH		SOLE		198,772	0	0
Express Scripts Holding Co.	Common	30219G108	353,271	5,142,979	SH		SOLE		5,058,489	0	84,490
Extra Space Storage, Inc.	Common	30225T102	10,152	108,620	SH		SOLE		43,860	0	64,760
Facebook, Inc.	Common	30303M102	288,464	2,528,165	SH		SOLE		2,474,684	0	53,481
Federal Realty Investment Trust	Common	313747206	9,720	62,286	SH		SOLE		24,926	0	37,360
FireEye, Inc.	Common	31816Q101	3,320	184,560	SH		SOLE		184,560	0	0
First Industrial Realty Trust, Inc.	Common	32054K103	17,678	777,377	SH		SOLE		314,797	0	462,580
Forest City Realty Trust, Inc., Class A	Common	345605109	14,222	674,333	SH		SOLE		292,983	0	381,350
Freeport-McMoRan Copper & Gold, Inc.	Common	35671D857	5,384	520,684	SH		SOLE		520,684	0	0
General Electric Co.	Common	369604103	12,841	403,930	SH		SOLE		403,930	0	0
Goldman Sachs Group, Inc.	Common	38141G104	39,639	252,507	SH		SOLE		252,507	0	0
Grupo Televisa S.A.B. ADR	ADR	40049J206	13,368	486,818	SH		SOLE		486,818	0	0
Hewlett Packard Enterprise Company	Common	42824C109	5,050	284,802	SH		SOLE		250,497	0	34,305
Highwoods Properties, Inc.	Common	431284108	14,835	310,289	SH		SOLE		106,979	0	203,310
HP, Inc.	Common	40434L105	81,536	6,618,192	SH		SOLE		6,553,188	0	65,004
ICICI Bank Limited ADR	ADR	45104G104	4,732	660,875	SH		SOLE		660,875	0	0
Intel Corp 3.25% 8/1/39	Bond	458140AF7	18,373	11,551,000	PRN		SOLE		11,551,000	0	0
Intel Corp.	Common	458140100	5,669	175,249	SH		SOLE		154,767	0	20,482
International Business Machines	Common	459200101	3,054	20,168	SH		SOLE		16,493	0	3,675
InterXion Holding NV	Foreign	N47279109	3,656	105,724	SH		SOLE		105,724	0	0
iShares S&P 500 Value Index Fund	ETF	464287408	1,950	21,686	SH		SOLE		21,686	0	0
Jarden Corp.	Common	471109108	853	14,465	SH		SOLE		14,465	0	0
JD.com, Inc ADR	ADR	47215P106	36,764	1,387,310	SH		SOLE		1,300,229	0	87,081
Johnson Controls, Inc.	Common	478366107	356,581	9,150,143	SH		SOLE		8,971,892	0	178,251
JPMorgan Chase & Co.	Common	46625H100	1,044,820	17,643,028	SH		SOLE		17,390,263	0	252,765
Jumei International ADR	ADR	48138L107	570	87,500	SH		SOLE		87,500	0	0
KBR, Inc.	Common	48242W106	1,630	105,300	SH		SOLE		105,300	0	0
Keysight Technologies, Inc.	Common	49338L103	392	14,117	SH		SOLE		14,117	0	0
Kite Realty Group Trust	Common	49803T300	23,636	852,976	SH		SOLE		343,814	0	509,162
Kohls Corp.	Common	500255104	10,735	230,320	SH		SOLE		230,320	0	0
Laboratory Corporation of America Hldg	Common	50540R409	199,316	1,701,662	SH		SOLE		1,646,880	0	54,782
Lam Research Corp.	Common	512807108	225	2,730	SH		SOLE		2,730	0	0
Las Vegas Sands Corp.	Common	517834107	338,468	6,549,295	SH		SOLE		6,392,834	0	156,461
LendingClub Corp.	Common	52603A109	5,552	668,892	SH		SOLE		609,991	0	58,901
Liberty Global PLC, Series C	Common	G5480U120	520,574	13,859,787	SH		SOLE		13,557,169	0	302,618
Liberty Global PLC, LiLAC Class C	Common	G5480U153	25,175	664,593	SH		SOLE		662,109	0	2,484
Liberty Ventures Series A	Common	53071M880	66,627	1,703,142	SH		SOLE		1,649,348	0	53,794
Liberty Interactive Corp., QVC Group, Series A	Common	53071M104	73,500	2,910,883	SH		SOLE		2,858,820	0	52,063
Liberty TripAdvisor Holdings, Inc., Series A	Common	531465102	15,972	720,739	SH		SOLE		720,289	0	450
Loews Corp.	Common	540424108	232,707	6,082,255	SH		SOLE		5,979,524	0	102,731
Markel Corp.	Common	570535104	294,264	330,052	SH		SOLE		325,393	0	4,659
Marsh & McLennan Co.	Common	571748102	30,702	505,050	SH		SOLE		505,050	0	0
Masco Corp.	Common	574599106	10,010	318,280	SH		SOLE		318,280	0	0
McGraw Hill Financial, Inc.	Common	580645109	17,507	176,870	SH		SOLE		176,870	0	0
Micron Technology, Inc.	Common	595112103	202	19,300	SH		SOLE		19,300	0	0
Microsoft Corp.	Common	594918104	264,248	4,784,499	SH		SOLE		4,669,250	0	115,249
Monsanto Co.	Common	61166W101	705,712	8,043,218	SH		SOLE		7,912,871	0	130,347
Moody's Corp.	Common	615369105	153,925	1,594,083	SH		SOLE		1,572,074	0	22,009
Nabors Industries Ltd.	Common	G6359F103	9,817	1,067,082	SH		SOLE		1,067,082	0	0
Nike, Inc., Class B	Common	654106103	12,816	208,494	SH		SOLE		181,254	0	27,240
Noah Holdings Ltd. ADS	ADR	65487X102	21,289	855,673	SH		SOLE		855,673	0	0
NXP Semiconductors NV	Foreign	N6596X109	1,664	20,520	SH		SOLE		20,520	0	0
NXP Semiconductors NV, 1% 12/1/19	Bond	62952QAB6	7,744	7,000,000	PRN		SOLE		7,000,000	0	0
Occidental Petroleum Corp.	Common	674599105	395,941	5,786,068	SH		SOLE		5,683,963	0	102,105
Oracle Corporation	Common	68389X105	207,039	5,060,848	SH		SOLE		4,970,775	0	90,073
PACCAR, Inc.	Common	693718108	214,536	3,922,762	SH		SOLE		3,797,251	0	125,511
Party City Holdings, Inc.	Common	702149105	13,688	910,090	SH		SOLE		802,117	0	107,973
PNC Financial Services Group, Inc.	Common	693475105	22,294	263,613	SH		SOLE		263,613	0	0
Post Properties, Inc.	Common	737464107	20,964	350,921	SH		SOLE		124,081	0	226,840
Praxair, Inc.	Common	74005P104	392,760	3,431,720	SH		SOLE		3,380,827	0	50,893
Quanta Services, Inc.	Common	74762E102	12,040	533,670	SH		SOLE		533,670	0	0
Quest Diagnostics Inc.	Common	74834L100	236,840	3,314,772	SH		SOLE		3,248,125	0	66,647
Quotient Technology, Inc.	Common	749119103	61,147	5,768,609	SH		SOLE		5,246,521	0	522,088
Ramco-Gershenson Properties Trust	Common	751452202	16,691	925,735	SH		SOLE		351,545	0	574,190
Retail Opportunity Investments Corp.	Common	76131N101	16,489	819,531	SH		SOLE		349,561	0	469,970
Rexford Industrial Realty, Inc.	Common	76169C100	1,385	76,254	SH		SOLE		32,394	0	43,860
Rockwell Automation, Inc.	Common	773903109	13,987	122,959	SH		SOLE		122,959	0	0
RTI International Metals, 1.625%, 10/15/2019	Bond	74973WAB3	8,108	7,750,000	PRN		SOLE		7,750,000	0	0
Salesforce.com, Inc., 0.25%, 04/01/2018	Bond	79466LAD6	9,900	8,000,000	PRN		SOLE		8,000,000	0	0
SAP AG ADR	ADR	803054204	9,383	116,679	SH		SOLE		99,449	0	17,230
Simon Property Group, Inc.	Common	828806109	37,267	179,437	SH		SOLE		82,297	0	97,140
Soufun Holdings Ltd., Class A ADR	ADR	836034108	106,606	17,797,252	SH		SOLE		17,406,605	0	390,647
State Street Corp.	Common	857477103	23,768	406,155	SH		SOLE		406,155	0	0
Terreno Realty Corp.	Common	88146M101	25,989	1,108,266	SH		SOLE		427,213	0	681,053
Texas Instruments, Inc.	Common	882508104	425,208	7,405,233	SH		SOLE		7,217,864	0	187,369
The Priceline Group, Inc.	Common	741503403	272,110	211,108	SH		SOLE		207,865	0	3,243
The Sherwin Williams Co.	Common	824348106	7,371	25,892	SH		SOLE		22,542	0	3,350
Time Warner Cable, Inc.	Common	88732J207	20,731	101,315	SH		SOLE		87,910	0	13,405
TopBuild Corp.	Common	89055F103	1,469	49,379	SH		SOLE		49,379	0	0
Twenty-First Century Fox, Inc., Class A	Common	90130A101	6,549	234,896	SH		SOLE		234,896	0	0
Tyco International PLC	Common	G91442106	265,300	7,226,906	SH		SOLE		7,148,622	0	78,284
Tyson Foods, Inc., 4.75 07/15/17	Preferred	902494301	11,543	155,000	SH		SOLE		155,000	0	0
United Parcel Service, Inc., Class B	Common	911312106	263	2,493	SH		SOLE		0	0	2,493
United Rentals, Inc.	Common	911363109	9,139	146,956	SH		SOLE		146,956	0	0
United Technologies Corp.	Common	913017109	888,779	8,878,907	SH		SOLE		8,722,503	0	156,404
UnitedHealth Group, Inc.	Common	91324P102	491,197	3,810,683	SH		SOLE		3,702,379	0	108,304
Universal Health Services, Inc.	Common	913903100	12,179	97,650	SH		SOLE		97,650	0	0
US Bancorp	Common	902973304	43,713	1,076,949	SH		SOLE		1,071,891	0	5,058
Valeant Pharmaceuticals International	Common	91911K102	190,421	7,240,337	SH		SOLE		7,095,576	0	144,761
Vipshop Holdings Ltd. ADS	ADR	92763W103	25,638	1,990,504	SH		SOLE		1,914,544	0	75,960
Visa, Inc., Class A	Common	92826C839	394,990	5,164,623	SH		SOLE		5,063,511	0	101,112
Vornado Realty Trust	Common	929042109	6,719	71,157	SH		SOLE		29,721	0	41,436
Waste Connections, Inc.	Common	941053100	10,325	159,850	SH		SOLE		159,850	0	0
Wells Fargo & Co.	Common	949746101	1,157,425	23,933,513	SH		SOLE		23,601,757	0	331,756
Welltower, Inc.	Common	95040Q104	14,134	203,829	SH		SOLE		83,389	0	120,440
Wesco Aircraft Holdings, Inc.	Common	950814103	87,035	6,048,330	SH		SOLE		5,792,510	0	255,820
Wesco International, Inc.	Common	95082P105	26,303	481,128	SH		SOLE		431,306	0	49,822
Whole Foods Market Inc.	Common	966837106	8,318	267,364	SH		SOLE		267,364	0	0
Xilinx, Inc.	Common	983919101	217	4,580	SH		SOLE		4,580	0	0
YY, Inc. ADR	ADR	98426T106	21,387	347,251	SH		SOLE		327,964	0	19,287