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
Acadia Realty Trust	Common	004239109	5,349	509,407	SH		SOLE		225,597	0	283,810
Adient plc	Common	G0084W101	23,171	1,337,027	SH		SOLE		1,337,027	0	0
Alexandria Real Estate Equities, Inc.	Common	015271109	14,918	93,237	SH		SOLE		52,983	0	40,254
Alibaba Group Holding Ltd., ADR	ADR	01609W102	979,472	3,331,765	SH		SOLE		3,300,021	0	31,744
Alleghany Corp.	Common	017175100	23,531	45,213	SH		SOLE		45,213	0	0
Alphabet Inc., Class A	Common	02079K305	435,609	297,222	SH		SOLE		292,502	0	4,720
Alphabet Inc., Class C	Common	02079K107	1,100,487	748,835	SH		SOLE		739,256	0	9,579
Amazon.com, Inc.	Common	023135106	1,118,810	355,321	SH		SOLE		349,472	0	5,849
American Campus Communities, Inc.	Common	024835100	9,720	278,345	SH		SOLE		147,300	0	131,045
American Express Co.	Common	025816109	530,824	5,295,006	SH		SOLE		5,204,682	0	90,324
American Homes 4 Rent, Class A	Common	02665T306	7,521	264,090	SH		SOLE		137,030	0	127,060
Applied Materials, Inc.	Common	038222105	933,285	15,698,648	SH		SOLE		15,415,815	0	282,833
Aptiv PLC	Common	G6095L109	17,069	186,179	SH		SOLE		169,545	0	16,634
AvalonBay Communities, Inc.	Common	053484101	12,198	81,680	SH		SOLE		45,310	0	36,370
Baidu, Inc., Class A, ADR	ADR	056752108	11,741	92,749	SH		SOLE		92,749	0	0
Bank of America Corp.	Common	060505104	90,951	3,775,479	SH		SOLE		3,775,479	0	0
Bank of N.T. Butterfield & Son Ltd.	Common	G0772R208	83,146	3,731,861	SH		SOLE		3,731,861	0	0
Bank of New York Mellon Corp.	Common	064058100	549,142	15,991,323	SH		SOLE		15,724,748	0	266,575
Berkshire Hathaway Inc., Class A	Common	084670108	847,363	2,648	SH		SOLE		2,648	0	0
Berkshire Hathaway Inc., Class B	Common	084670702	333,376	1,565,588	SH		SOLE		1,475,465	0	90,123
Booking Holdings, Inc.	Common	09857L108	221	129	SH		SOLE		129	0	0
Boston Properties, Inc.	Common	101121101	9,392	116,960	SH		SOLE		63,590	0	53,370
Brixmor Property Group, Inc.	Common	11120U105	12,028	1,028,940	SH		SOLE		505,540	0	523,400
Camden Property Trust	Common	133131102	11,766	132,230	SH		SOLE		73,120	0	59,110
Capital One Financial Corp.	Common	14040H105	1,181,189	16,437,359	SH		SOLE		16,175,806	0	261,553
CarMax, Inc.	Common	143130102	346	3,760	SH		SOLE		0	0	3,760
Carrier Global Corp.	Common	14448C104	686,903	22,491,927	SH		SOLE		21,964,644	0	527,283
Charles Schwab Corp.	Common	808513105	34,684	957,337	SH		SOLE		957,337	0	0
China Index Holdings Ltd., ADR	ADR	16954W101	6,875	4,741,445	SH		SOLE		4,729,989	0	11,456
Chubb Ltd.	Common	H1467J104	194,637	1,676,168	SH		SOLE		1,650,708	0	25,460
Cigna Corp.	Common	125523100	54,591	322,243	SH		SOLE		291,248	0	30,995
Coresite Realty Corp.	Common	21870Q105	8,225	69,190	SH		SOLE		34,430	0	34,760
Cousins Properties, Inc.	Common	222795502	9,485	331,775	SH		SOLE		176,550	0	155,225
Crown Castle International Corp.	Common	22822V101	14,184	85,190	SH		SOLE		43,970	0	41,220
CVS Health Corp.	Common	126650100	46,615	798,195	SH		SOLE		778,005	0	20,190
CyrusOne Inc.	Common	23283R100	11,768	168,040	SH		SOLE		97,480	0	70,560
Davis Select Financial ETF	ETF	23908L108	37,333	1,959,793	SH		SOLE		1,959,793	0	0
Davis Select International ETF	ETF	23908L405	81,567	3,234,982	SH		SOLE		3,234,982	0	0
Davis Select U.S. Equity ETF	ETF	23908L207	48,300	1,873,537	SH		SOLE		1,873,537	0	0
Davis Select Worldwide ETF	ETF	23908L306	75,604	3,774,558	SH		SOLE		3,774,558	0	0
Digital Realty Trust, Inc.	Common	253868103	11,213	76,405	SH		SOLE		40,735	0	35,670
Douglas Emmett, Inc.	Common	25960P109	7,362	293,300	SH		SOLE		155,330	0	137,970
DXC Technology Co.	Common	23355L106	1,241	69,539	SH		SOLE		69,539	0	0
EastGroup Properties, Inc.	Common	277276101	2,845	22,000	SH		SOLE		13,500	0	8,500
Eaton Corp. PLC	Common	G29183103	42,766	419,150	SH		SOLE		379,193	0	39,957
Equinix, Inc.	Common	29444U700	24,362	32,050	SH		SOLE		16,720	0	15,330
Equity Residential	Common	29476L107	10,058	195,940	SH		SOLE		106,105	0	89,835
Essex Property Trust, Inc.	Common	297178105	13,973	69,591	SH		SOLE		38,180	0	31,411
Everest Re Group, Ltd.	Common	G3223R108	12,514	63,348	SH		SOLE		63,348	0	0
Extra Space Storage Inc.	Common	30225T102	9,117	85,210	SH		SOLE		45,410	0	39,800
Facebook, Inc, Class A	Common	30303M102	970,644	3,706,163	SH		SOLE		3,646,639	0	59,524
Fang Holdings Ltd., Class A, ADR	ADR	30711Y300	1,642	142,651	SH		SOLE		142,651	0	0
Federal Realty Investment Trust	Common	313747206	7,276	99,080	SH		SOLE		49,730	0	49,350
Goldman Sachs Group, Inc.	Common	38141G104	16,131	80,266	SH		SOLE		80,266	0	0
Greenlight Capital Re, Ltd., Class A	Common	G4095J109	7,686	1,142,024	SH		SOLE		1,142,024	0	0
HD Supply Holdings, Inc.	Common	40416M105	6,438	156,108	SH		SOLE		142,939	0	13,169
Healthpeak Properties, Inc.	Common	42250P103	10,768	396,606	SH		SOLE		204,940	0	191,666
Highwoods Properties, Inc.	Common	431284108	5,990	178,430	SH		SOLE		92,090	0	86,340
Hollysys Automation Technologies, Ltd.	Common	G45667105	77,985	7,057,424	SH		SOLE		7,057,424	0	0
Host Hotels & Resorts, Inc.	Common	44107P104	11,731	1,087,170	SH		SOLE		536,290	0	550,880
HP, Inc.	Common	40434L105	396	20,830	SH		SOLE		20,830	0	0
Hudson Pacific Properties, Inc.	Common	444097109	12,000	547,180	SH		SOLE		279,490	0	267,690
Humana Inc.	Common	444859102	25,996	62,809	SH		SOLE		57,469	0	5,340
IAC/InterActiveCorp.	Common	44891N109	263,571	2,200,462	SH		SOLE		2,157,152	0	43,310
Intel Corp.	Common	458140100	665,692	12,856,161	SH		SOLE		12,626,914	0	229,247
iQIYI, Inc., Class A, ADR	ADR	46267X108	25,077	1,110,594	SH		SOLE		1,110,594	0	0
iShares S&P 500 Value ETF	ETF	464287408	917	8,156	SH		SOLE		7,969	0	187
JD.com, Inc., Class A, ADR	ADR	47215P106	248,823	3,206,065	SH		SOLE		3,206,065	0	0
Johnson Controls International PLC	Common	G51502105	56,262	1,377,293	SH		SOLE		1,265,764	0	111,529
JPMorgan Chase & Co.	Common	46625H100	687,989	7,146,457	SH		SOLE		7,026,288	0	120,169
Lam Research Corp.	Common	512807108	814	2,455	SH		SOLE		2,455	0	0
Liberty Global plc, Series C	Common	G5480U120	18,005	876,814	SH		SOLE		876,814	0	0
Liberty TripAdvisor Hldgs Inc. - A	Common	531465102	557	322,154	SH		SOLE		322,154	0	0
Life Storage, Inc.	Common	53223X107	8,046	76,430	SH		SOLE		38,800	0	37,630
Loews Corp.	Common	540424108	78,745	2,266,057	SH		SOLE		2,228,360	0	37,697
M&T Bank Corp.	Common	55261F104	3,673	39,883	SH		SOLE		39,883	0	0
Markel Corp.	Common	570535104	196,025	201,320	SH		SOLE		199,464	0	1,856
Microsoft Corp.	Common	594918104	101,374	481,975	SH		SOLE		460,417	0	21,558
New Oriental Education & Tech ADR	ADR	647581107	964,697	6,452,820	SH		SOLE		6,400,264	0	52,556
Noah Holdings Ltd., Class A, ADS	ADR	65487X102	24,979	958,150	SH		SOLE		958,150	0	0
Novartis AG - ADR	ADR	66987V109	3,378	38,848	SH		SOLE		38,848	0	0
Oracle Corp.	Common	68389X105	18,566	310,993	SH		SOLE		285,359	0	25,634
Otis Worldwide Corp.	Common	68902V107	895	14,336	SH		SOLE		13,240	0	1,096
Owens Corning	Common	690742101	52,090	757,011	SH		SOLE		689,875	0	67,136
PNC Financial Services Group, Inc.	Common	693475105	64,629	588,021	SH		SOLE		588,021	0	0
Prologis, Inc.	Common	74340W103	31,637	314,422	SH		SOLE		166,102	0	148,320
Public Storage, Inc.	Common	74460D109	21,314	95,700	SH		SOLE		50,990	0	44,710
Qorvo, Inc.	Common	74736K101	54,545	422,793	SH		SOLE		381,108	0	41,685
Quest Diagnostics, Inc.	Common	74834L100	428,915	3,746,313	SH		SOLE		3,630,998	0	115,315
Quotient Technology, Inc.	Common	749119103	27,679	3,750,481	SH		SOLE		3,569,505	0	180,976
Raytheon Technologies Corp.	Common	75513E101	640,008	11,122,837	SH		SOLE		10,900,878	0	221,959
Retail Opportunity Investments Corp.	Common	76131N101	5,668	544,195	SH		SOLE		231,475	0	312,720
Rexford Industrial Realty, Inc.	Common	76169C100	19,976	436,530	SH		SOLE		219,300	0	217,230
Rocket Companies, Inc., Class A	Common	77311W101	15,513	778,374	SH		SOLE		778,374	0	0
SAP SE, ADR	ADR	803054204	17,614	113,048	SH		SOLE		104,295	0	8,753
Simon Property Group, Inc.	Common	828806109	7,888	121,950	SH		SOLE		68,650	0	53,300
SL Green Realty Corp.	Common	78440X101	3,294	71,040	SH		SOLE		34,570	0	36,470
Slack Technologies, Inc., Class A	Common	83088V102	749	27,900	SH		SOLE		27,900	0	0
State Street Corp.	Common	857477103	28,277	476,601	SH		SOLE		476,601	0	0
Sunstone Hotel Investors, Inc.	Common	867892101	6,746	849,660	SH		SOLE		442,220	0	407,440
Terreno Realty Corp.	Common	88146M101	18,858	344,377	SH		SOLE		169,324	0	175,053
Texas Instruments, Inc.	Common	882508104	507,375	3,553,295	SH		SOLE		3,468,191	0	85,104
Trip.com Group Ltd., ADR	ADR	89677Q107	15,292	491,075	SH		SOLE		491,075	0	0
Truist Financial Corp.	Common	89832Q109	1,480	38,899	SH		SOLE		38,899	0	0
U.S. Bancorp	Common	902973304	615,211	17,160,699	SH		SOLE		16,917,850	0	242,849
Ulta Beauty, Inc.	Common	90384S303	690	3,080	SH		SOLE		3,080	0	0
UnitedHealth Group, Inc.	Common	91324P102	61,427	197,027	SH		SOLE		178,880	0	18,147
Ventas, Inc.	Common	92276F100	9,898	235,890	SH		SOLE		140,930	0	94,960
VMware, Inc., Class A	Common	928563402	3,638	25,320	SH		SOLE		25,320	0	0
Vornado Realty Trust	Common	929042109	3,540	105,010	SH		SOLE		56,064	0	48,946
Wells Fargo & Co.	Common	949746101	973,482	41,407,144	SH		SOLE		40,654,513	0	752,631
Welltower Inc.	Common	95040Q104	17,619	319,830	SH		SOLE		179,580	0	140,250
Xilinx, Inc.	Common	983919101	593	5,685	SH		SOLE		5,685	0	0
Yirendai Ltd., ADR	ADR	98585L100	6,023	2,048,620	SH		SOLE		2,048,620	0	0