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

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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	743	26,526	SH		SOLE		26,526	0	0
Acadia Realty Trust	Common	004239109	16,249	497,226	SH		SOLE		263,196	0	234,030
Adient PLC	Common	G0084W101	439,249	7,495,716	SH		SOLE		7,356,440	0	139,276
Aetna Inc.	Common	00817Y108	488,252	3,937,198	SH		SOLE		3,862,211	0	74,987
Air Products & Chemicals, Inc.	Common	009158106	264	1,836	SH		SOLE		0	0	1,836
Alexandria Real Estate Equities, Inc.	Common	015271109	10,805	97,227	SH		SOLE		45,473	0	51,754
Alibaba Group Holding Ltd. ADR	ADR	01609W102	32,150	366,132	SH		SOLE		366,132	0	0
Alphabet Inc., Class A	Common	02079K305	653,488	824,643	SH		SOLE		808,991	0	15,652
Alphabet Inc., Class C	Common	02079K107	993,621	1,287,375	SH		SOLE		1,268,579	0	18,796
Amazon.com, Inc.	Common	023135106	1,433,692	1,911,921	SH		SOLE		1,879,627	0	32,294
American Campus Communities, Inc.	Common	024835100	18,398	369,657	SH		SOLE		173,783	0	195,874
American Express Co.	Common	025816109	893,728	12,064,358	SH		SOLE		11,907,110	0	157,248
American Homes 4 Rent, Class A	Common	02665T306	11,918	568,049	SH		SOLE		209,459	0	358,590
American International Group. Inc.	Common	026874784	21,519	329,490	SH		SOLE		329,490	0	0
Angie's List, Inc.	Common	034754101	26,992	3,279,686	SH		SOLE		2,978,952	0	300,734
Apache Corporation	Common	037411105	1,242,473	19,575,752	SH		SOLE		19,217,515	0	358,237
Apartment Investment & Management	Common	03748R101	9,908	217,992	SH		SOLE		88,692	0	129,300
Applied Materials, Inc.	Common	038222105	25,533	791,219	SH		SOLE		727,669	0	63,550
AvalonBay Communities, Inc.	Common	053484101	20,248	114,301	SH		SOLE		52,961	0	61,340
Axalta Coating Systems Ltd.	Common	G0750C108	106,188	3,903,956	SH		SOLE		3,901,577	0	2,379
Baidu, Inc. Class A, ADR	ADR	056752108	12,865	78,247	SH		SOLE		78,247	0	0
Bank of New York Mellon Corp.	Common	064058100	1,005,887	21,230,205	SH		SOLE		20,949,628	0	280,577
Berkshire Hathaway Inc., Class A	Common	084670108	1,058,265	4,335	SH		SOLE		4,331	0	4
Berkshire Hathaway Inc., Class B	Common	084670702	279,887	1,717,308	SH		SOLE		1,601,211	0	116,097
Boston Properties, Inc.	Common	101121101	9,335	74,220	SH		SOLE		32,330	0	41,890
Brookfield Asset Management Inc., Class A	ADR	112585104	21,817	660,925	SH		SOLE		660,925	0	0
Brookfield Business Partners, L.P.	Partnership	G16234109	320	13,307	SH		SOLE		13,307	0	0
Cabot Oil & Gas Corp.	Common	127097103	362,410	15,514,128	SH		SOLE		15,103,358	0	410,770
Camden Property Trust	Common	133131102	11,886	141,381	SH		SOLE		56,611	0	84,770
Capital One Financial Corp.	Common	14040H105	320,207	3,670,420	SH		SOLE		3,632,623	0	37,797
CarMax, Inc.	Common	143130102	412,016	6,398,758	SH		SOLE		6,292,826	0	105,932
CatchMark Timber Trust Inc., Class A	Common	14912Y202	26,302	2,335,874	SH		SOLE		810,124	0	1,525,750
Cedar Realty Trust, Inc.	Common	150602209	9,125	1,397,410	SH		SOLE		636,210	0	761,200
Charles Schwab Corp.	Common	808513105	31,896	808,108	SH		SOLE		808,108	0	0
Chubb Ltd.	Common	H1467J104	209,427	1,585,123	SH		SOLE		1,566,701	0	18,422
CommerceHub, Inc., Series A	Common	20084V108	1,596	106,331	SH		SOLE		106,249	0	82
CommerceHub, Inc., Series C	Common	20084V306	3,201	212,958	SH		SOLE		212,793	0	165
CorEnergy Infrastructure Trust, Inc. Series A	Preferred Stock	21870U304	1,002	40,708	SH		SOLE		40,708	0	0
Costco Wholesale Corp.	Common	22160K105	295,450	1,845,293	SH		SOLE		1,792,253	0	53,040
Cousins Properties, Inc.	Common	222795106	10,587	1,244,053	SH		SOLE		560,473	0	683,580
Crown Castle International Corp.	Common	22822V101	12,292	141,659	SH		SOLE		61,459	0	80,200
Ctrip.com International, Ltd. ADR	ADR	22943F100	3,096	77,401	SH		SOLE		77,401	0	0
CubeSmart	Common	229663109	9,836	367,440	SH		SOLE		159,810	0	207,630
CyrusOne, Inc.	Common	23283R100	14,722	329,126	SH		SOLE		138,248	0	190,878
DCT Industrial Trust, Inc.	Common	233153204	10,397	217,153	SH		SOLE		107,306	0	109,847
DDR Corporation	Common	23317H102	6,071	397,586	SH		SOLE		201,466	0	196,120
Delphi Automotive PLC	Common	G27823106	257,611	3,824,957	SH		SOLE		3,716,118	0	108,839
Disney Walt Holdings	Common	254687106	274	2,629	SH		SOLE		0	0	2,629
DuPont Fabros Technology, Inc.	Common	26613Q106	12,589	286,560	SH		SOLE		112,290	0	174,270
EastGroup Properties, Inc.	Common	277276101	7,175	97,175	SH		SOLE		42,375	0	54,800
Eaton Corporation Plc	Common	G29183103	37,504	559,017	SH		SOLE		486,482	0	72,535
Ecolab, Inc.	Common	278865100	204,624	1,745,644	SH		SOLE		1,721,913	0	23,731
Encana Corporation	ADR	292505104	834,531	71,084,413	SH		SOLE		69,689,433	0	1,394,980
EQT Corporation	Common	26884L109	194,386	2,972,258	SH		SOLE		2,933,646	0	38,612
EQT Midstream Partners L.P.	Partnership	26885B100	10,149	132,352	SH		SOLE		132,352	0	0
Equity Residential	Common	29476L107	20,442	317,619	SH		SOLE		124,384	0	193,235
Essex Property Trust, Inc.	Common	297178105	19,305	83,032	SH		SOLE		32,861	0	50,171
Everest Re Group, Ltd.	Common	G3223R108	42,796	197,762	SH		SOLE		197,762	0	0
Express Scripts Holding Co.	Common	30219G108	296,847	4,315,258	SH		SOLE		4,245,450	0	69,808
Extra Space Storage, Inc.	Common	30225T102	8,549	110,682	SH		SOLE		46,702	0	63,980
Facebook, Inc.	Common	30303M102	381,879	3,319,241	SH		SOLE		3,256,719	0	62,522
Fang Holdings Ltd	ADR	30711Y102	57,162	17,427,557	SH		SOLE		17,099,496	0	328,061
Federal Realty Investment Trust	Common	313747206	12,083	85,025	SH		SOLE		35,905	0	49,120
First Industrial Realty Trust, Inc.	Common	32054K103	13,589	484,459	SH		SOLE		172,789	0	311,670
Forest City Realty Trust, Inc., Class A	Common	345605109	5,928	284,460	SH		SOLE		123,050	0	161,410
General Growth Properties, Inc.	Common	370023103	9,166	366,937	SH		SOLE		161,367	0	205,570
Goldman Sachs Group, Inc.	Common	38141G104	60,078	250,902	SH		SOLE		250,902	0	0
Grupo Televisa S.A.B., ADR	ADR	40049J206	21,501	1,029,261	SH		SOLE		1,029,261	0	0
Hewlett Packard Enterprise Company	Common	42824C109	482	20,830	SH		SOLE		20,830	0	0
Highwoods Properties, Inc.	Common	431284108	10,834	212,388	SH		SOLE		81,118	0	131,270
Host Hotels & Resorts, Inc.	Common	44107P104	10,100	536,085	SH		SOLE		226,595	0	309,490
HP, Inc.	Common	40434L105	309	20,830	SH		SOLE		20,830	0	0
ICICI Bank Limited ADR	ADR	45104G104	4,878	651,295	SH		SOLE		651,295	0	0
Intel Corp.	Common	458140100	522	14,380	SH		SOLE		14,380	0	0
InterXion Holding NV	Common	N47279109	6,901	196,792	SH		SOLE		196,792	0	0
iShares Russell 1000 Index Fund	ETF	464287622	230	1,848	SH		SOLE		1,848	0	0
iShares Russell 3000 Index Fund	ETF	464287689	386	2,903	SH		SOLE		2,693	0	210
iShares S&P 500 Value Index Fund	ETF	464287408	6,016	59,339	SH		SOLE		59,078	0	261
JD.com, Inc ADR	ADR	47215P106	56,508	2,221,236	SH		SOLE		2,142,209	0	79,027
Johnson Controls International PLC	Common	G51502105	614,009	14,906,750	SH		SOLE		14,633,956	0	272,794
JPMorgan Chase & Co.	Common	46625H100	1,450,620	16,810,992	SH		SOLE		16,574,658	0	236,334
Jumei International ADR	ADR	48138L107	489	97,620	SH		SOLE		97,620	0	0
Kite Realty Group Trust	Common	49803T300	9,480	403,746	SH		SOLE		169,059	0	234,687
Lam Research Corp.	Common	512807108	460	4,355	SH		SOLE		4,355	0	0
LendingClub Corp.	Common	52603A109	3,588	683,402	SH		SOLE		635,169	0	48,233
Liberty Expedia Holdings, Inc.	Common	53046P109	16,890	425,760	SH		SOLE		425,430	0	330
Liberty Global PLC, LiLAC Class C	Common	G5480U153	40,333	1,905,195	SH		SOLE		1,878,325	0	26,870
Liberty Global PLC, Series C	Common	G5480U120	352,635	11,873,221	SH		SOLE		11,636,292	0	236,929
Liberty Interactive Corp., QVC Group, Series A	Common	53071M104	48,308	2,417,807	SH		SOLE		2,379,723	0	38,084
Liberty TripAdvisor Holdings, Inc., Series A	Common	531465102	9,123	606,184	SH		SOLE		605,734	0	450
Liberty Ventures Series A	Common	53071M856	23,547	638,645	SH		SOLE		638,150	0	495
Life Storage, Inc.	Common	53223X107	11,194	131,297	SH		SOLE		56,947	0	74,350
Loews Corp.	Common	540424108	259,427	5,539,761	SH		SOLE		5,466,072	0	73,689
Markel Corp.	Common	570535104	245,848	271,805	SH		SOLE		267,480	0	4,325
Marsh & McLennan Co.	Common	571748102	33,880	501,260	SH		SOLE		501,260	0	0
Micron Technology, Inc.	Common	595112103	703	32,055	SH		SOLE		32,055	0	0
Microsoft Corp.	Common	594918104	254,824	4,100,805	SH		SOLE		4,022,382	0	78,423
Mid-America Apartment Communities, Inc	Common	59522J103	22,019	224,868	SH		SOLE		88,707	0	136,161
Monsanto Co.	Common	61166W101	616,853	5,863,069	SH		SOLE		5,766,435	0	96,634
Moody's Corp.	Common	615369105	18,884	200,319	SH		SOLE		200,319	0	0
New Oriental Education & Technology ADR	ADR	647581107	17,798	422,753	SH		SOLE		422,753	0	0
Noah Holdings Ltd. ADS	ADR	65487X102	25,470	1,161,444	SH		SOLE		1,161,444	0	0
Novartis AG ADR	ADR	66987V109	18,769	257,670	SH		SOLE		257,670	0	0
Occidental Petroleum Corp.	Common	674599105	546,823	7,676,858	SH		SOLE		7,535,174	0	141,684
Oracle Corporation	Common	68389X105	164,586	4,280,533	SH		SOLE		4,229,753	0	50,780
PACCAR, Inc.	Common	693718108	204	3,185	SH		SOLE		93	0	3,092
PNC Financial Services Group, Inc.	Common	693475105	30,622	261,820	SH		SOLE		261,820	0	0
PPG Industries, Inc.	Common	693506107	5,456	57,580	SH		SOLE		57,580	0	0
Praxair, Inc.	Common	74005P104	346,593	2,957,530	SH		SOLE		2,918,065	0	39,465
Prologis, Inc.	Common	74340W103	19,518	369,727	SH		SOLE		161,307	0	208,420
Public Storage	Common	74460D109	23,247	104,014	SH		SOLE		45,664	0	58,350
Quest Diagnostics Inc.	Common	74834L100	18,720	203,698	SH		SOLE		179,363	0	24,335
Quotient Technology, Inc.	Common	749119103	19,838	1,845,427	SH		SOLE		1,692,949	0	152,478
Ramco-Gershenson Properties Trust	Common	751452202	3,867	233,205	SH		SOLE		125,075	0	108,130
Regency Centers Corporation	Common	758849103	5,920	85,860	SH		SOLE		36,860	0	49,000
Retail Opportunity Investments Corp.	Common	76131N101	13,663	646,620	SH		SOLE		277,440	0	369,180
Rexford Industrial Realty, Inc.	Common	76169C100	2,458	106,002	SH		SOLE		45,082	0	60,920
S&P Global, Inc.	Common	78409V104	18,780	174,630	SH		SOLE		174,630	0	0
SAP AG ADR	ADR	803054204	11,733	135,753	SH		SOLE		122,091	0	13,662
Simon Property Group, Inc.	Common	828806109	32,230	181,405	SH		SOLE		84,295	0	97,110
SL Green Realty Corp.	Common	78440X101	9,595	89,217	SH		SOLE		38,827	0	50,390
State Street Corp.	Common	857477103	31,350	403,370	SH		SOLE		403,370	0	0
TAL Education Group, Class A, ADR	ADR	874080104	17,884	254,945	SH		SOLE		254,945	0	0
Terreno Realty Corp.	Common	88146M101	23,388	820,937	SH		SOLE		351,004	0	469,933
Texas Instruments, Inc.	Common	882508104	446,540	6,119,506	SH		SOLE		6,001,175	0	118,331
The Priceline Group, Inc.	Common	741503403	187,019	127,566	SH		SOLE		125,367	0	2,199
United Technologies Corp.	Common	913017109	920,531	8,397,470	SH		SOLE		8,244,816	0	152,654
UnitedHealth Group, Inc.	Common	91324P102	486,392	3,039,188	SH		SOLE		2,974,520	0	64,668
US Bancorp	Common	902973304	114,705	2,232,919	SH		SOLE		2,227,766	0	5,153
Valeant Pharmaceuticals International	ADR	91911K102	101,644	7,000,303	SH		SOLE		6,862,797	0	137,506
Ventas, Inc.	Common	92276F100	5,655	90,455	SH		SOLE		62,695	0	27,760
Vipshop Holdings Ltd. ADS	ADR	92763W103	37,097	3,369,423	SH		SOLE		3,302,485	0	66,938
Visa, Inc., Class A	Common	92826C839	331,353	4,247,022	SH		SOLE		4,194,717	0	52,305
Vornado Realty Trust	Common	929042109	11,243	107,723	SH		SOLE		47,037	0	60,686
Wells Fargo & Co.	Common	949746101	1,456,320	26,425,695	SH		SOLE		25,978,065	0	447,630
Welltower, Inc.	Common	95040Q104	16,853	251,794	SH		SOLE		107,754	0	144,040
Wesco Aircraft Holdings, Inc.	Common	950814103	22,778	1,523,627	SH		SOLE		1,523,047	0	580
WESCO International, Inc.	Common	95082P105	13,505	202,932	SH		SOLE		178,003	0	24,929
Weyerhaeuser Co.	Common	962166104	6,226	206,920	SH		SOLE		88,920	0	118,000
Xilinx, Inc.	Common	983919101	478	7,920	SH		SOLE		7,920	0	0
YY, Inc. ADR	ADR	98426T106	10,087	255,882	SH		SOLE		255,882	0	0
ZTO Express Cayman, Inc. ADR	ADR	98980A105	36,063	2,987,800	SH		SOLE		2,885,196	0	102,604