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

OMB APPROVAL

OMB Number:		3235-0006
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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	947	20,636	SH		SOLE		20,636	0	0
Acadia Realty Trust	Common	004239109	17,208	484,458	SH		SOLE		247,588	0	236,870
Activision Blizzard, Inc.	Common	00507V109	278,503	7,027,568	SH		SOLE		7,027,568	0	0
Advanced Auto Parts, Inc.	Common	00751Y106	111,983	692,836	SH		SOLE		674,053	0	18,783
AES Trust III,6.75%,10/15/29	Preferred	00808N202	7,550	145,027	SH		SOLE		145,027	0	0
Air Products & Chemicals, Inc.	Common	009158106	258	1,815	SH		SOLE		0	0	1,815
Alexander & Baldwin, Inc.	Common	014491104	8,260	228,568	SH		SOLE		228,568	0	0
Alexandria Real Estate Equities, Inc.	Common	015271109	9,855	95,203	SH		SOLE		42,819	0	52,384
Alphabet Inc., Class A	Common	02079K305	641,208	911,416	SH		SOLE		893,304	0	18,112
Alphabet Inc., Class C	Common	02079K107	946,889	1,368,140	SH		SOLE		1,347,757	0	20,383
Amazon.Com, Inc.	Common	023135106	1,599,704	2,235,410	SH		SOLE		2,195,077	0	40,333
American Campus Communities, Inc.	Common	024835100	22,665	428,689	SH		SOLE		191,985	0	236,704
American Express Co.	Common	025816109	825,842	13,591,870	SH		SOLE		13,398,356	0	193,514
American Homes 4 Rent, Class A	Common	02665T306	11,459	559,506	SH		SOLE		196,576	0	362,930
American International Group. Inc.	Common	026874784	17,559	331,990	SH		SOLE		331,990	0	0
Angie's List, Inc.	Common	034754101	20,342	3,124,747	SH		SOLE		2,798,386	0	326,361
Apache Corporation	Common	037411105	980,429	17,611,450	SH		SOLE		17,265,210	0	346,240
Apartment Investment & Management	Common	03748R101	9,469	214,417	SH		SOLE		83,547	0	130,870
Applied Materials, Inc.	Common	038222105	11,333	472,800	SH		SOLE		472,800	0	0
Avalonbay Communities, Inc.	Common	053484101	20,198	111,970	SH		SOLE		49,890	0	62,080
Baidu, Inc. Class A, ADR	ADR	056752108	10,321	62,494	SH		SOLE		62,494	0	0
Bank of New York Mellon Corp.	Common	064058100	768,867	19,790,665	SH		SOLE		19,530,375	0	260,290
Berkshire Hathaway Inc., Class A	Common	084670108	1,018,264	4,693	SH		SOLE		4,689	0	4
Berkshire Hathaway Inc., Class B	Common	084670702	265,185	1,831,518	SH		SOLE		1,685,434	0	146,084
Boston Properties, Inc.	Common	101121101	37,094	281,228	SH		SOLE		116,978	0	164,250
Brookfield Asset Management Inc., Class A	Foreign	112585104	22,006	665,425	SH		SOLE		665,425	0	0
Brookfield Business Partners, L.P.	Partnership	G16234109	254	13,307	SH		SOLE		13,307	0	0
Cable One, Inc.	Common	12685J105	16,424	32,116	SH		SOLE		27,872	0	4,244
Cabot Oil & Gas Corp.	Common	127097103	391,351	15,204,019	SH		SOLE		14,916,951	0	287,068
Camden Property Trust	Common	133131102	12,595	142,447	SH		SOLE		56,647	0	85,800
Capital One Financial Corp.	Common	14040H105	240,529	3,787,264	SH		SOLE		3,743,966	0	43,298
CarMax, Inc.	Common	143130102	552,940	11,277,585	SH		SOLE		11,141,451	0	136,134
CatchMark Timber Trust Inc., Class A	Common	14912Y202	26,648	2,180,660	SH		SOLE		636,430	0	1,544,230
Cedar Realty Trust, Inc.	Common	150602209	11,573	1,557,559	SH		SOLE		708,079	0	849,480
Charles Schwab Corp.	Common	808513105	393,439	15,544,811	SH		SOLE		15,303,383	0	241,428
Chubb Ltd.	Common	H1467J104	299,642	2,292,421	SH		SOLE		2,262,457	0	29,964
Citizens Financial Group, Inc.	Common	174610105	215,277	10,774,605	SH		SOLE		10,635,107	0	139,498
CorEnergy Infrastructure Trust, Inc. Series A	Preferred	21870U304	4,291	182,690	SH		SOLE		182,690	0	0
Costco Wholesale Corp.	Common	22160K105	331,823	2,112,981	SH		SOLE		2,036,814	0	76,167
Cousins Properties, Inc.	Common	222795106	13,001	1,250,057	SH		SOLE		558,197	0	691,860
Crown Castle International Corp.	Common	22822V101	14,424	142,202	SH		SOLE		61,032	0	81,170
Ctrip.com International, Ltd. ADR	ADR	22943F100	1,641	39,821	SH		SOLE		39,821	0	0
CyrusOne, Inc.	Common	23283R100	19,133	343,750	SH		SOLE		170,542	0	173,208
DCT Industrial Trust, Inc.	Common	233153204	17,236	358,793	SH		SOLE		134,186	0	224,607
DDR Corporation	Common	23317H102	10,626	585,768	SH		SOLE		272,578	0	313,190
Disney Walt Holdings	Common	254687106	255	2,609	SH		SOLE		0	0	2,609
DuPont Fabros Technology, Inc.	Common	26613Q106	13,700	288,179	SH		SOLE		111,799	0	176,380
Eastgroup Properties, Inc.	Common	277276101	21,460	311,377	SH		SOLE		121,967	0	189,410
Eaton Corporation Plc	Common	G29183103	33,738	564,838	SH		SOLE		489,483	0	75,355
Ecolab, Inc.	Common	278865100	235,875	1,988,824	SH		SOLE		1,958,145	0	30,679
Education Realty Trust, Inc.	Common	28140H203	18,117	392,658	SH		SOLE		137,305	0	255,353
Encana Corporation	Foreign	292505104	571,510	73,364,585	SH		SOLE		72,050,213	0	1,314,372
EQT Corporation	Common	26884L109	189,106	2,442,286	SH		SOLE		2,362,384	0	79,902
EQT Midstream Partners L.P.	Partnership	26885B100	6,340	78,960	SH		SOLE		78,960	0	0
Equity Residential	Common	29476L107	16,279	236,335	SH		SOLE		97,450	0	138,885
Essex Property Trust, Inc.	Common	297178105	18,637	81,707	SH		SOLE		30,926	0	50,781
Everest Re Group, Ltd.	Common	G3223R108	36,218	198,272	SH		SOLE		198,272	0	0
Express Scripts Holding Co.	Common	30219G108	375,643	4,955,717	SH		SOLE		4,873,779	0	81,938
Extra Space Storage, Inc.	Common	30225T102	10,052	108,627	SH		SOLE		43,867	0	64,760
Facebook, Inc.	Common	30303M102	297,042	2,599,249	SH		SOLE		2,541,341	0	57,908
Federal Realty Investment Trust	Common	313747206	10,312	62,289	SH		SOLE		24,929	0	37,360
FireEye Inc. - A, 1.00%, 6/1/35	Bond	31816QAB7	1,814	2,000,000	PRN		SOLE		2,000,000	0	0
FireEye Inc. - B, 1.625%, 6/1/35	Bond	31816QAD3	3,528	4,000,000	PRN		SOLE		4,000,000	0	0
First Industrial Realty Trust, Inc.	Common	32054K103	19,811	712,102	SH		SOLE		326,132	0	385,970
Forest City Realty Trust, Inc., Class A	Common	345605109	15,064	675,220	SH		SOLE		293,870	0	381,350
General Growth Properties, Inc.	Common	370023103	17,759	595,550	SH		SOLE		250,430	0	345,120
Goldman Sachs Group, Inc.	Common	38141G104	37,438	251,972	SH		SOLE		251,972	0	0
Grupo Televisa S.A.B. ADR	ADR	40049J206	12,642	485,488	SH		SOLE		485,488	0	0
Hewlett Packard Enterprise Company	Common	42824C109	381	20,830	SH		SOLE		20,830	0	0
Highwoods Properties, Inc.	Common	431284108	16,401	310,627	SH		SOLE		107,317	0	203,310
Host Hotels & Resorts, Inc.	Common	44107P104	7,066	435,910	SH		SOLE		183,240	0	252,670
HP, Inc.	Common	40434L105	91,932	7,325,252	SH		SOLE		7,200,408	0	124,844
ICICI Bank Limited ADR	ADR	45104G104	4,676	651,295	SH		SOLE		651,295	0	0
Intel Corp 3.25% 8/1/39	Bond	458140AF7	18,778	11,551,000	PRN		SOLE		11,551,000	0	0
Intel Corp.	Common	458140100	472	14,380	SH		SOLE		14,380	0	0
InterXion Holding NV	Foreign	N47279109	6,823	184,995	SH		SOLE		184,995	0	0
JD.com, Inc ADR	ADR	47215P106	40,624	1,913,518	SH		SOLE		1,828,500	0	85,018
Johnson Controls, Inc.	Common	478366107	417,623	9,435,681	SH		SOLE		9,240,346	0	195,335
JPMorgan Chase & Co.	Common	46625H100	1,104,617	17,776,261	SH		SOLE		17,499,080	0	277,181
Jumei International ADR	ADR	48138L107	361	87,500	SH		SOLE		87,500	0	0
KBR, Inc.	Common	48242W106	1,394	105,300	SH		SOLE		105,300	0	0
Kite Realty Group Trust	Common	49803T300	20,857	744,096	SH		SOLE		304,634	0	439,462
Lam Research Corp.	Common	512807108	366	4,355	SH		SOLE		4,355	0	0
LendingClub Corp.	Common	52603A109	2,845	661,716	SH		SOLE		603,939	0	57,777
Liberty Global PLC, Series C	Common	G5480U120	381,127	13,302,873	SH		SOLE		13,005,844	0	297,029
Liberty Global PLC, LiLAC Class C	Common	G5480U153	70,825	2,179,899	SH		SOLE		2,143,708	0	36,191
Liberty Ventures Series A	Common	53071M880	62,796	1,693,997	SH		SOLE		1,627,205	0	66,792
Liberty Interactive Corp., QVC Group, Series A	Common	53071M104	70,710	2,787,141	SH		SOLE		2,737,277	0	49,864
Liberty TripAdvisor Holdings, Inc., Series A	Common	531465102	15,155	692,656	SH		SOLE		692,206	0	450
Loews Corp.	Common	540424108	240,434	5,851,408	SH		SOLE		5,752,996	0	98,412
Markel Corp.	Common	570535104	274,211	287,801	SH		SOLE		283,222	0	4,579
Marsh & McLennan Co.	Common	571748102	34,489	503,780	SH		SOLE		503,780	0	0
Micron Technology, Inc.	Common	595112103	441	32,055	SH		SOLE		32,055	0	0
Microsoft Corp.	Common	594918104	239,043	4,671,550	SH		SOLE		4,559,584	0	111,966
Monsanto Co.	Common	61166W101	661,965	6,401,359	SH		SOLE		6,284,227	0	117,132
Moody's Corp.	Common	615369105	143,866	1,535,222	SH		SOLE		1,513,886	0	21,336
New Oriental Education & Technology ADR	ADR	647581107	13,515	322,708	SH		SOLE		322,708	0	0
Newell Brands, Inc.	Common	651229106	398	8,193	SH		SOLE		8,193	0	0
Noah Holdings Ltd. ADS	ADR	65487X102	20,622	855,339	SH		SOLE		855,339	0	0
NXP Semiconductors NV, 1% 12/1/19	Bond	62952QAB6	7,608	7,000,000	PRN		SOLE		7,000,000	0	0
Occidental Petroleum Corp.	Common	674599105	634,897	8,402,549	SH		SOLE		8,235,718	0	166,831
Oracle Corporation	Common	68389X105	194,908	4,761,973	SH		SOLE		4,697,153	0	64,820
PACCAR, Inc.	Common	693718108	185,834	3,582,693	SH		SOLE		3,483,553	0	99,140
PNC Financial Services Group, Inc.	Common	693475105	21,454	263,600	SH		SOLE		263,600	0	0
Post Properties, Inc.	Common	737464107	19,448	318,552	SH		SOLE		124,452	0	194,100
Praxair, Inc.	Common	74005P104	375,417	3,340,309	SH		SOLE		3,291,147	0	49,162
Public Storage	Common	74460D109	22,550	88,227	SH		SOLE		37,157	0	51,070
Quest Diagnostics Inc.	Common	74834L100	266,984	3,279,494	SH		SOLE		3,214,835	0	64,659
Quotient Technology, Inc.	Common	749119103	66,701	4,973,966	SH		SOLE		4,516,468	0	457,498
Ramco-Gershenson Properties Trust	Common	751452202	18,608	948,920	SH		SOLE		352,810	0	596,110
Retail Opportunity Investments Corp.	Common	76131N101	18,421	850,058	SH		SOLE		362,148	0	487,910
Rexford Industrial Realty, Inc.	Common	76169C100	1,667	79,032	SH		SOLE		33,502	0	45,530
RTI International Metals, 1.625%, 10/15/2019	Bond	74973WAB3	8,215	7,750,000	PRN		SOLE		7,750,000	0	0
S&P Global, Inc.	Common	78409V104	18,851	175,750	SH		SOLE		175,750	0	0
Salesforce.com, Inc., 0.25%, 04/01/2018	Bond	79466LAD6	10,335	8,000,000	PRN		SOLE		8,000,000	0	0
SAP AG ADR	ADR	803054204	9,384	125,091	SH		SOLE		111,443	0	13,648
Simon Property Group, Inc.	Common	828806109	50,755	234,004	SH		SOLE		98,774	0	135,230
Soufun Holdings Ltd., Class A ADR	ADR	836034108	87,132	17,322,562	SH		SOLE		16,936,946	0	385,616
State Street Corp.	Common	857477103	21,899	406,140	SH		SOLE		406,140	0	0
TAL Education Group, Class A, ADR	ADR	874080104	13,853	223,225	SH		SOLE		223,225	0	0
Terreno Realty Corp.	Common	88146M101	27,770	1,073,426	SH		SOLE		442,503	0	630,923
Texas Instruments, Inc.	Common	882508104	567,090	9,051,716	SH		SOLE		8,840,404	0	211,312
The Priceline Group, Inc.	Common	741503403	203,601	163,088	SH		SOLE		160,101	0	2,987
Tyco International PLC	Common	G91442106	314,362	7,379,394	SH		SOLE		7,262,000	0	117,394
United Parcel Service, Inc., Class B	Common	911312106	271	2,512	SH		SOLE		0	0	2,512
United Technologies Corp.	Common	913017109	953,797	9,300,803	SH		SOLE		9,126,867	0	173,936
UnitedHealth Group, Inc.	Common	91324P102	492,028	3,484,617	SH		SOLE		3,401,320	0	83,297
US Bancorp	Common	902973304	90,001	2,231,625	SH		SOLE		2,226,536	0	5,089
Valeant Pharmaceuticals International	Common	91911K102	147,118	7,304,762	SH		SOLE		7,137,376	0	167,386
Vipshop Holdings Ltd. ADS	ADR	92763W103	27,635	2,474,050	SH		SOLE		2,400,154	0	73,896
Visa, Inc., Class A	Common	92826C839	369,244	4,978,347	SH		SOLE		4,881,144	0	97,203
Vornado Realty Trust	Common	929042109	7,125	71,160	SH		SOLE		29,724	0	41,436
Wells Fargo & Co.	Common	949746101	1,146,690	24,227,545	SH		SOLE		23,877,754	0	349,791
Welltower, Inc.	Common	95040Q104	15,547	204,112	SH		SOLE		83,672	0	120,440
Wesco Aircraft Holdings, Inc.	Common	950814103	64,554	4,810,253	SH		SOLE		4,562,344	0	247,909
Wesco International, Inc.	Common	95082P105	24,641	478,557	SH		SOLE		429,087	0	49,470
Xilinx, Inc.	Common	983919101	365	7,920	SH		SOLE		7,920	0	0
YY, Inc. ADR	ADR	98426T106	40,699	1,201,635	SH		SOLE		1,140,801	0	60,834