SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F-HR
FORM 13F COVER PAGE
Report for the Calendar Year Ended: March 31, 2013
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: DAVIS SELECTED ADVISERS, LP
Address: 2949 East Elvira Road, Suite 101
Tucson, Arizona 85756
13F File Number: 28-04121
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.
Person Signing this Report on Behalf of reporting Manager:
Name: Sharra Haynes
Title: Chief Compliance Officer
Phone: (520) 434-3735
Signature, Place, and Date of Signing:
Sharra Haynes, Tucson, Arizona April 14, 2013
Report Type (Check only one.):
[ ] 13F HOLDINGS REPORT.
[ ] 13F NOTICE.
[X] 13F COMBINATION REPORT.
List of Other Managers Reporting for this Manager:
None
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Mangers: 1
Form 13F Information Table Entry Total: 267
Form 13F Information Table Value Total: $40.3 Billion
List of Other Included Managers:
1) Directed Services, LLC #028-14593
Form 13F Information Table
Title Value Shares SH/ PUT/ Invstmt Othr Voting Authority
Name of Issuer of Class CUSIP (X$1000) Prn Amt PRN CALL Dscretn Mgrs Sole Shared None
--------------------------------- --------- --------- --------- ----------- --- --- ------- ---- ---------- ----- ---------
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3M company Common 88579Y101 12,280 115,510 SH SOLE 99,683 0 15,827
ABB Limited ADR ADR 000375204 1,129 49,600 SH SOLE 49,600 0 0
Ace Limited Common H0023R105 363,906 4,090,206 SH SOLE 3,909,333 0 180,873
Ace Limited Common H0023R105 3,412 38,350 SH Defined 1 0 0 38,350
Activision Blizzard, Inc. Common 00507V109 281,392 19,313,107 SH SOLE 18,650,798 0 662,309
Activision Blizzard, Inc. Common 00507V109 2,578 176,952 SH Defined 1 0 0 176,952
AES Corp. Common 00130H105 6,805 541,340 SH SOLE 541,340 0 0
AES Trust III,6.75%,10/15/29 Preferred 00808N202 8,242 163,758 SH SOLE 0 0 0
Agilent Technologies, Inc. Common 00846U101 158,880 3,785,564 SH SOLE 3,618,448 0 167,116
Agilent Technologies, Inc. Common 00846U101 1,119 26,658 SH Defined 1 0 0 26,658
Air Products & Chemicals, Inc. Common 009158106 575,386 6,604,517 SH SOLE 6,325,171 0 279,346
Air Products & Chemicals, Inc. Common 009158106 4,000 45,910 SH Defined 1 0 0 45,910
Alexandria Real Estate Equities Common 015271109 96,263 1,356,205 SH SOLE 172,819 0 1,183,386
Alleghany Corp. Common 017175100 798,680 2,017,276 SH SOLE 1,866,936 0 150,340
Alleghany Corp. Common 017175100 4,765 12,035 SH Defined 1 0 0 12,035
Allegheny Technologies, Inc. Common 01741R102 9,121 287,650 SH SOLE 287,650 0 0
Altera Corp. Common 021441100 1,730 48,800 SH SOLE 48,800 0 0
Amazon.Com, Inc. Common 023135106 5,110 19,175 SH SOLE 18,773 0 402
America Movil S.A.B. de C.V. ADR 02364W105 94,420 4,504,787 SH SOLE 4,345,772 0 159,015
America Movil S.A.B. de C.V. ADR 02364W105 703 33,560 SH Defined 1 0 0 33,560
American Campus Communities Common 024835100 40,228 887,243 SH SOLE 142,916 0 744,327
American Express Co. Common 025816109 2,675,891 39,666,337 SH SOLE 37,667,012 0 1,999,325
American Express Co. Common 025816109 18,301 271,290 SH Defined 1 0 0 271,290
American International Group Inc. Common 026874784 45,439 1,170,500 SH SOLE 985,300 0 185,200
American Tower Corp. Common 03027X100 42,480 552,262 SH SOLE 100,754 0 451,508
Ameriprise Financial, Inc. Common 03076C106 244,272 3,316,661 SH SOLE 3,108,293 0 208,368
Ameriprise Financial, Inc. Common 03076C106 1,314 17,840 SH Defined 1 0 0 17,840
Angie's List Inc. Common 034754101 28,107 1,422,401 SH SOLE 1,325,995 0 96,406
Aon Plc. Common G0408V102 19,821 322,285 SH SOLE 322,285 0 0
Apache Corp Common 037411105 209 2,715 SH SOLE 2,365 0 350
Apple Inc. Common 037833100 259 585 SH SOLE 585 0 0
Applied Materials, Inc. Common 038222105 5,240 388,698 SH SOLE 343,766 0 44,932
AT&T Inc. Common 00206R102 3,119 85,000 SH SOLE 79,750 0 5,250
Autodesk, Inc. Common 052769106 1,031 25,000 SH SOLE 25,000 0 0
Automatic Data Processing Common 053015103 8,276 127,260 SH SOLE 113,640 0 13,620
Avalonbay Communities, Inc. Common 053484101 46,445 366,659 SH SOLE 78,232 0 288,427
Bank of America Corp. Common 060505104 14,272 1,171,796 SH SOLE 1,040,651 0 131,145
Bank of New York Mellon Common 064058100 2,523,237 90,147,790 SH SOLE 85,690,595 0 4,457,195
Bank of New York Mellon Common 064058100 20,568 734,830 SH Defined 1 0 0 734,830
Baxter International Inc. Common 071813109 399 5,495 SH SOLE 5,495 0 0
Becton, Dickinson and Co. Common 075887109 440 4,600 SH SOLE 4,600 0 0
Bed Bath + Beyond Inc. Common 075896100 1,414,759 21,961,493 SH SOLE 21,009,831 0 951,662
Bed Bath + Beyond Inc. Common 075896100 11,503 178,567 SH Defined 1 0 0 178,567
Berkshire Hathaway Inc., A Common 084670108 1,795,345 11,488 SH SOLE 11,097 0 391
Berkshire Hathaway Inc., A Common 084670108 16,409 105 SH Defined 1 0 0 105
Berkshire Hathaway Inc., B Common 084670702 302,891 2,906,820 SH SOLE 2,661,734 0 245,086
Biomed Realty Trust, Inc. Common 09063H107 19,442 900,097 SH SOLE 205,850 0 694,247
Boeing Co. Common 097023105 7,450 86,782 SH SOLE 77,994 0 8,788
Boston Properties, Inc. Common 101121101 20,189 199,776 SH SOLE 87,990 0 111,786
BRE Properties, Inc. Common 05564E106 33,384 685,780 SH SOLE 120,886 0 564,894
Brookfield Asset Management Foreign 112585104 342,787 9,393,999 SH SOLE 8,867,148 0 526,851
Brookfield Asset Management Foreign 112585104 2,316 63,458 SH Defined 1 0 0 63,458
C.H. Robinson Worldwide, Inc. Common 12541W209 387 6,510 SH SOLE 6,510 0 0
Campus Crest Communities, Inc. Common 13466Y105 5,597 402,686 SH SOLE 84,934 0 317,752
Canadian Natural Resources Foreign 136385101 1,227,332 38,198,946 SH SOLE 36,622,489 0 1,576,457
Canadian Natural Resources Foreign 136385101 8,775 273,120 SH Defined 1 0 0 273,120
Carefusion Corp. Common 14170T101 301 8,615 SH SOLE 8,615 0 0
CarMax, Inc. Common 143130102 396,528 9,509,075 SH SOLE 9,167,925 0 341,150
CarMax, Inc. Common 143130102 3,958 94,909 SH Defined 1 0 0 94,909
CBL & Associates Properties Common 124830100 24,810 1,051,255 SH SOLE 179,944 0 871,311
CBS Corp., Class B Common 124857202 754 16,150 SH SOLE 16,150 0 0
Cemex SA ADR 151290889 500 40,928 SH SOLE 40,928 0 0
Charles Schwab Corp. Common 808513105 343,256 19,403,947 SH SOLE 18,582,224 0 821,723
Charles Schwab Corp. Common 808513105 2,975 168,200 SH Defined 1 0 0 168,200
Chubb Corp. Common 171232101 11,081 126,599 SH SOLE 112,266 0 14,333
Citigroup Inc. Common 172967424 14,509 327,959 SH SOLE 327,959 0 0
CME Group Inc. Common 12572Q105 91,760 1,494,220 SH SOLE 1,443,860 0 50,360
CME Group Inc. Common 12572Q105 835 13,590 SH Defined 1 0 0 13,590
CNinsure Inc. ADR 18976M103 442 73,250 SH SOLE 73,250 0 0
Coca Cola Co. Common 191216100 657,446 16,257,318 SH SOLE 15,516,388 0 740,930
Coca Cola Co. Common 191216100 4,983 123,220 SH Defined 1 0 0 123,220
Colgate-Palmolive Co. Common 194162103 1,209 10,244 SH SOLE 9,805 0 439
Colonial Properties Trust Common 195872106 7,846 347,030 SH SOLE 78,090 0 268,940
ConocoPhillips Common 20825C104 2,145 35,690 SH SOLE 34,550 0 1,140
Corporate Office Properties Trust Common 22002T108 34,688 1,300,144 SH SOLE 192,286 0 1,107,858
Costco Wholesale Corp. Common 22160K105 1,488,696 14,029,743 SH SOLE 13,401,800 0 627,943
Costco Wholesale Corp. Common 22160K105 8,811 83,035 SH Defined 1 0 0 83,035
Ctrip.com International, Ltd. ADR 22943F100 9,639 450,820 SH SOLE 450,820 0 0
Cummins Inc. Common 231021106 8,296 71,638 SH SOLE 64,080 0 7,558
CVS Caremark Corp. Common 126650100 2,343,792 42,622,150 SH SOLE 40,743,002 0 1,879,148
CVS Caremark Corp. Common 126650100 16,775 305,057 SH Defined 1 0 0 305,057
DDR Corporation Common 23317H102 7,260 416,738 SH SOLE 187,768 0 228,970
Deere & Co Common 244199105 12,148 141,288 SH SOLE 126,798 0 14,490
Devon Energy Corp. Common 25179M103 298,693 5,294,093 SH SOLE 5,014,779 0 279,314
Devon Energy Corp. Common 25179M103 1,859 32,950 SH Defined 1 0 0 32,950
Diageo PLC ADR 25243Q205 275,477 2,189,104 SH SOLE 1,963,793 0 225,311
Diageo PLC ADR 25243Q205 3,227 25,640 SH Defined 1 0 0 25,640
Digital Realty Trust Inc. Common 253868103 76,411 1,141,998 SH SOLE 197,931 0 944,067
Disney Walt Holdings Common 254687106 5,916 104,150 SH SOLE 0 0 104,150
Disney Walt Holdings Common 254687106 873,627 15,380,765 SH Defined 1 14,602,400 0 778,365
Dominion Resources, Inc. Common 25746U109 365 6,270 SH SOLE 3,600 0 2,670
Du Pont E I de Nemours & Co. Common 263534109 2,382 48,455 SH SOLE 44,450 0 4,005
DuPont Fabros Technology Inc. Common 26613Q106 41,158 1,695,835 SH SOLE 343,833 0 1,352,002
Eastgroup Properties, Inc. Common 277276101 25,158 432,264 SH SOLE 77,364 0 354,900
Ecolab Inc. Common 278865100 396,865 4,949,680 SH SOLE 4,770,290 0 179,390
Ecolab Inc. Common 278865100 3,605 44,960 SH Defined 1 0 0 44,960
Education Realty Trust, Inc. Common 28140H104 37,923 3,601,452 SH SOLE 633,617 0 2,967,835
Eli Lilly and Co. Common 532457108 16,112 283,709 SH SOLE 251,200 0 32,509
Emerson Electric Co. Common 291011104 185,992 3,329,022 SH SOLE 3,201,204 0 127,818
Emerson Electric Co. Common 291011104 1,597 28,580 SH Defined 1 0 0 28,580
EOG Resources, Inc. Common 26875P101 620,715 4,846,684 SH SOLE 4,640,179 0 206,505
EOG Resources, Inc. Common 26875P101 2,458 19,190 SH Defined 1 0 0 19,190
Equity Residential Common 29476L107 35,609 646,724 SH SOLE 111,500 0 535,224
Essex Property Trust, Inc. Common 297178105 45,383 301,390 SH SOLE 51,880 0 249,510
Estee Lauder Companies, A Common 518439104 2,238 34,955 SH SOLE 32,450 0 2,505
Everest Re Group, Ltd. Common G3223R108 266,244 2,050,238 SH SOLE 1,923,543 0 126,695
Everest Re Group, Ltd. Common G3223R108 2,224 17,125 SH Defined 1 0 0 17,125
Expeditors Int'l of Washington Inc. Common 302130109 18,462 516,715 SH SOLE 479,377 0 37,338
Express Scripts Inc - Class A Common 30219G108 7,337 127,330 SH SOLE 0 0 127,330
Express Scripts Inc - Class A Common 30219G108 908,434 15,765,957 SH Defined 1 15,007,197 0 758,760
Exxon Mobil Corp. Common 30231G102 18,869 209,402 SH SOLE 184,897 0 24,505
Fairchild Semiconductor Intl Common 303726103 7,367 520,997 SH SOLE 520,997 0 0
Federal Realty Investment Trust Common 313747206 12,791 118,388 SH SOLE 51,721 0 66,667
FedEx Corp. Common 31428X106 9,349 95,207 SH SOLE 84,480 0 10,727
Forest City Ent FCE 4.25 Bond 345550AP2 4,940 4,463,000 PRN SOLE 0 0 0
Forest City Ent FCE 5 Bond 345550AM9 1,645 1,120,000 PRN SOLE 0 0 0
Forest City Enterprises Inc. - A Common 345550107 28,473 1,602,293 SH SOLE 652,888 0 949,405
Freeport-McMoRan Copper & Gold Common 35671D857 6,701 202,444 SH SOLE 202,444 0 0
General Electric Co. Common 369604103 10,360 448,110 SH SOLE 447,510 0 600
General Growth Properties, Inc. Common 370023103 19,589 985,379 SH SOLE 186,213 0 799,166
Goldman Sachs Group Inc. Common 38141G104 226,582 1,539,801 SH SOLE 1,372,028 0 167,773
Goldman Sachs Group Inc. Common 38141G104 1,351 9,180 SH Defined 1 0 0 9,180
Google Inc. Class A Common 38259P508 2,129,417 2,681,251 SH SOLE 2,571,389 0 109,862
Google Inc. Class A Common 38259P508 16,471 20,739 SH Defined 1 0 0 20,739
Groupon Inc. Common 399473107 99,680 16,287,559 SH SOLE 15,654,635 0 632,924
Groupon Inc. Common 399473107 757 123,650 SH Defined 1 0 0 123,650
Grupo Televisa SA ADR 40049J206 80,208 3,014,208 SH SOLE 2,932,818 0 81,390
Grupo Televisa SA ADR 40049J206 564 21,190 SH Defined 1 0 0 21,190
Harley-Davidson, Inc. Common 412822108 207,814 3,898,944 SH SOLE 3,709,550 0 189,394
Harley-Davidson, Inc. Common 412822108 1,206 22,620 SH Defined 1 0 0 22,620
HCP, Inc. Common 40414L109 16,882 338,591 SH SOLE 68,509 0 270,082
Hewlett Packard Co. Common 428236103 214,732 9,007,194 SH SOLE 8,569,586 0 437,608
Hewlett Packard Co. Common 428236103 1,340 56,200 SH Defined 1 0 0 56,200
Highwoods Properties Inc. Common 431284108 3,088 78,036 SH SOLE 0 0 78,036
Home Depot Inc Common 437076102 1,608 23,050 SH SOLE 22,250 0 800
Host Hotels & Resorts Inc. Common 44107P104 30,469 1,742,075 SH SOLE 299,128 0 1,442,947
Hunter Douglas N.V. Foreign 005291810 79,688 1,998,652 SH SOLE 1,942,032 0 56,620
Hunter Douglas N.V. Foreign 005291810 654 16,400 SH Defined 1 0 0 16,400
ICICI Bank Limited ADR 45104G104 10,792 251,565 SH SOLE 172,020 0 79,545
IDEXX Laboratories, Inc. Common 45168D104 16,919 183,123 SH SOLE 167,129 0 15,994
Intel Corp 3.25 8/1/39 Bond 458140AF7 14,469 12,001,000 PRN SOLE 0 0 0
Intel Corp. Common 458140100 114,731 5,254,441 SH SOLE 5,025,228 0 229,213
Intel Corp. Common 458140100 909 41,620 SH Defined 1 0 0 41,620
International Business Machines Common 459200101 154,537 724,507 SH SOLE 693,844 0 30,663
International Business Machines Common 459200101 1,288 6,040 SH Defined 1 0 0 6,040
International Rectifier Corp. Common 460254105 7,840 370,700 SH SOLE 370,700 0 0
Iron Mountain Inc. Common 462846106 398,869 10,985,087 SH SOLE 10,462,028 0 523,059
Iron Mountain Inc. Common 462846106 2,664 73,379 SH Defined 1 0 0 73,379
iShares Lehman Aggregate Bond Fund ETF 464287226 864 7,800 SH SOLE 5,650 0 2,150
Johnson & Johnson Common 478160104 23,453 287,663 SH SOLE 239,760 0 47,903
JPMorgan Chase & Co. Common 46625H100 342,557 7,217,805 SH SOLE 6,951,309 0 266,496
JPMorgan Chase & Co. Common 46625H100 3,112 65,570 SH Defined 1 0 0 65,570
Kellogg Co Common 487836108 11,995 186,173 SH SOLE 164,568 0 21,605
Kimco Realty Corp. Common 49446R109 21,722 969,747 SH SOLE 116,738 0 853,009
Kohls Corp. Common 500255104 14,568 315,800 SH SOLE 315,800 0 0
Laboratory Corp of America Hldg Common 50540R409 372,980 4,135,036 SH SOLE 3,965,643 0 169,393
Laboratory Corp of America Hldg Common 50540R409 2,287 25,350 SH Defined 1 0 0 25,350
LaSalle Hotel Properties Common 517942108 28,163 1,109,647 SH SOLE 257,373 0 852,274
Level 3 Communications, Inc. Common 52729N308 312 15,400 SH SOLE 15,400 0 0
Liberty Interactive Corp A Common 53071M104 229,371 10,733,318 SH SOLE 10,390,328 0 342,990
Liberty Interactive Corp A Common 53071M104 2,047 95,770 SH Defined 1 0 0 95,770
Liberty Property Trust Common 531172104 36,558 919,688 SH SOLE 166,455 0 753,233
Liberty Ventures Series A Common 53071M880 54,019 714,722 SH SOLE 691,653 0 23,069
Liberty Ventures Series A Common 53071M880 487 6,443 SH Defined 1 0 0 6,443
Lockheed Martin Corp. Common 539830109 606 6,280 SH SOLE 5,320 0 960
Loews Corp. Common 540424108 1,197,675 27,176,640 SH SOLE 25,757,865 0 1,418,775
Loews Corp. Common 540424108 9,291 210,819 SH Defined 1 0 0 210,819
Markel Corp. Common 570535104 159,390 316,564 SH SOLE 287,250 0 29,314
Markel Corp. Common 570535104 672 1,335 SH Defined 1 0 0 1,335
Martin Marietta Materials, Inc. Common 573284106 112,144 1,099,234 SH SOLE 1,051,624 0 47,610
Martin Marietta Materials, Inc. Common 573284106 1,049 10,280 SH Defined 1 0 0 10,280
Masco Corp. Common 574599106 11,004 543,430 SH SOLE 543,430 0 0
Mastercard, Inc. Common 57636Q104 1,236 2,285 SH SOLE 2,285 0 0
Medtronic, Inc. Common 585055106 16,518 351,745 SH SOLE 310,157 0 41,588
Microsoft Corp. Common 594918104 359,587 12,570,769 SH SOLE 11,910,839 0 659,930
Microsoft Corp. Common 594918104 2,533 88,550 SH Defined 1 0 0 88,550
Midway Gold Corp. Common 598153104 31 25,000 SH SOLE 0 0 25,000
Molycorp 3.25% Bond 608753AA7 4,594 7,500,000 PRN SOLE 0 0 0
Molycorp 6% Bond 608753AF6 4,075 5,750,000 PRN SOLE 0 0 0
Molycorp, Inc. Common 608753109 1,207 232,150 SH SOLE 232,150 0 0
Monsanto Co. Common 61166W101 963,554 9,121,974 SH SOLE 8,683,671 0 438,303
Monsanto Co. Common 61166W101 8,252 78,120 SH Defined 1 0 0 78,120
Motorola Inc. Common 620076307 3,477 54,296 SH SOLE 45,728 0 8,568
Nabors Industries Ltd. Common G6359F103 11,970 737,960 SH SOLE 737,960 0 0
NetEase.com Inc. ADR 64110W102 6,739 123,050 SH SOLE 123,050 0 0
Netflix Inc. Common 64110L106 99,640 526,416 SH SOLE 505,121 0 21,295
Netflix Inc. Common 64110L106 804 4,250 SH Defined 1 0 0 4,250
News Corp., Class A Common 65248E104 11,602 380,280 SH SOLE 380,280 0 0
Nielsen Holdings B.V. Common N63218106 35,802 999,496 SH SOLE 946,172 0 53,324
Noble Energy, Inc. Common 655044105 4,665 40,335 SH SOLE 39,450 0 885
Nordstrom, Inc. Common 655664100 1,657 30,000 SH SOLE 30,000 0 0
Novartis Ag ADR 66987V109 2,358 33,100 SH SOLE 32,400 0 700
Oaktree Cap Group LLC Common 674001201 101,762 1,994,549 SH SOLE 1,994,549 0 0
Occidental Petroleum Corp. Common 674599105 687,797 8,776,282 SH SOLE 8,366,003 0 410,279
Occidental Petroleum Corp. Common 674599105 5,146 65,660 SH Defined 1 0 0 65,660
Oracle Corporation Common 68389X105 3,398 105,090 SH SOLE 0 0 105,090
Oracle Corporation Common 68389X105 418,761 12,952,702 SH Defined 1 12,394,074 0 558,628
PACCAR Inc Common 693718108 445,192 8,805,231 SH SOLE 8,457,523 0 347,708
PACCAR Inc Common 693718108 3,825 75,650 SH Defined 1 0 0 75,650
Philip Morris International Inc. Common 718172109 366,612 3,954,395 SH SOLE 3,771,952 0 182,443
Philip Morris International Inc. Common 718172109 2,415 26,052 SH Defined 1 0 0 26,052
Phillips 66 Common 718546104 1,249 17,845 SH SOLE 17,275 0 570
Post Properties, Inc. Common 737464107 34,482 732,109 SH SOLE 147,358 0 584,751
Potash Corp Saskatchewan, Inc. Foreign 73755L107 308,247 7,853,422 SH SOLE 7,532,604 0 320,818
Potash Corp Saskatchewan, Inc. Foreign 73755L107 2,378 60,575 SH Defined 1 0 0 60,575
Praxair, Inc. Common 74005P104 267,435 2,397,663 SH SOLE 2,309,403 0 88,260
Praxair, Inc. Common 74005P104 2,717 24,360 SH Defined 1 0 0 24,360
Procter & Gamble Co. Common 742718109 15,139 196,462 SH SOLE 173,628 0 22,834
Progressive Corp. Common 743315103 1,246,311 49,319,783 SH SOLE 46,672,948 0 2,646,835
Progressive Corp. Common 743315103 9,183 363,390 SH Defined 1 0 0 363,390
Prologis, Inc. Common 74340W103 4,657 116,476 SH SOLE 11,569 0 104,907
Public Storage, Inc Common 74460D109 16,193 106,311 SH SOLE 44,568 0 61,743
Quanta Services, Inc. Common 74762E102 14,163 495,550 SH SOLE 495,550 0 0
Rayonier, Inc Common 754907103 38,811 650,424 SH SOLE 119,286 0 531,138
Regency Centers Corporation Common 758849103 7,573 143,137 SH SOLE 0 0 143,137
Republic Services, Inc. Common 760759100 783 23,720 SH SOLE 23,720 0 0
SAP AG ADR 803054204 7,589 94,230 SH SOLE 82,121 0 12,109
SBA Communications Corp Common 78388J106 8,428 117,056 SH SOLE 51,603 0 65,453
Schlumberger Ltd. Common 806857108 289,561 3,866,485 SH SOLE 3,721,160 0 145,325
Schlumberger Ltd. Common 806857108 2,426 32,390 SH Defined 1 0 0 32,390
Siemens AG ADR 826197501 264 2,450 SH SOLE 2,250 0 200
Sigma-Aldrich Corp. Common 826552101 22,364 288,005 SH SOLE 251,812 0 36,193
Simon Property Group Inc. Common 828806109 102,001 643,295 SH SOLE 140,142 0 503,153
Sinovac Biotech Ltd. Foreign 002384520 9,773 2,627,231 SH SOLE 2,627,231 0 0
SL Green Realty Corp. Common 78440X101 13,590 157,821 SH SOLE 69,805 0 88,016
Spectra Energy Corp. Common 847560109 653 21,250 SH SOLE 21,250 0 0
Sunstone Hotel Investors, Inc. Common 867892101 3,840 311,965 SH SOLE 134,644 0 177,321
Sysco Corp Common 871829107 157,925 4,490,325 SH SOLE 4,293,879 0 196,446
Sysco Corp Common 871829107 1,290 36,690 SH Defined 1 0 0 36,690
Taubman Centers, Inc. Common 876664103 8,009 103,132 SH SOLE 44,753 0 58,379
Techne Corp. Common 878377100 2,305 33,973 SH SOLE 29,345 0 4,628
Tenaris S.A. - ADR ADR 88031M109 4,351 106,700 SH SOLE 106,700 0 0
Texas Instruments, Inc. Common 882508104 550,870 15,526,222 SH SOLE 14,833,452 0 692,770
Texas Instruments, Inc. Common 882508104 3,244 91,420 SH Defined 1 0 0 91,420
The First Marblehead Corp. Common 320771108 1,929 1,910,194 SH SOLE 1,910,194 0 0
The Sherwin Williams Co. Common 824348106 770 4,560 SH SOLE 4,560 0 0
Tiffany & Co. Common 886547108 162,539 2,337,343 SH SOLE 2,244,763 0 92,580
Tiffany & Co. Common 886547108 1,314 18,890 SH Defined 1 0 0 18,890
Toronto Dominion Bank Foreign 891160509 8,219 98,705 SH SOLE 20,595 0 78,110
Transocean Ltd. Common H8817H100 266,622 5,131,289 SH SOLE 4,920,388 0 210,901
Transocean Ltd. Common H8817H100 1,958 37,676 SH Defined 1 0 0 37,676
Tyson Foods Inc 3.25% 10/15/13 Bond 902494AP8 18,736 12,665,000 PRN SOLE 0 0 0
Unilever NV ADR 904784709 30,992 755,912 SH SOLE 751,458 0 4,454
United Rental 4% CV Bond 911363AL3 14,458 2,922,000 PRN SOLE 0 0 0
US Steel Corp. Common 912909108 6,592 338,030 SH SOLE 338,030 0 0
UnitedHealth Group, Inc. Common 91324P102 463,962 8,109,807 SH SOLE 7,747,986 0 361,821
UnitedHealth Group, Inc. Common 91324P102 2,988 52,220 SH Defined 1 0 0 52,220
Universal Health Services, Inc. Common 913903100 16,051 251,300 SH SOLE 251,300 0 0
US Bancorp Common 902973304 19,010 560,282 SH SOLE 460,866 0 99,416
Valeant Pharmaceutical Int'l Common 91911K102 12,371 164,909 SH SOLE 164,909 0 0
Ventas, Inc. Common 92276F100 45,254 618,229 SH SOLE 111,391 0 506,838
Vipshop Holdings Ltd. ADR 92763W103 20,877 687,407 SH SOLE 683,955 0 3,452
Visa Inc. Common 92826C839 354,624 2,087,990 SH SOLE 1,947,950 0 140,040
Visa Inc. Common 92826C839 2,748 16,180 SH Defined 1 0 0 16,180
Vornado Realty Trust Common 929042109 67,194 803,376 SH SOLE 140,433 0 662,943
W. R. Berkley Corp. Common 084423102 225 5,080 SH SOLE 5,080 0 0
Wal-Mart Stores, Inc. Common 931142103 16,097 215,115 SH SOLE 190,396 0 24,719
Washington Post Co., B Common 939640108 1,164 2,604 SH SOLE 2,515 0 89
Waste Connections Inc. Common 941053100 11,322 314,670 SH SOLE 314,670 0 0
WellPoint Inc. Common 94973V107 522 7,880 SH SOLE 7,880 0 0
Wells Fargo & Co. Common 949746101 2,351,620 63,574,472 SH SOLE 60,205,330 0 3,369,142
Wells Fargo & Co. Common 949746101 16,814 454,567 SH Defined 1 0 0 454,567
Wells Fargo & Co. Warrants Warrant 949746119 5,208 433,960 SH SOLE 0 0 0
Western Union Company Common 959802109 4,975 330,772 SH SOLE 330,772 0 0
Whole Foods Market Inc. Common 966837106 7,925 91,350 SH SOLE 91,350 0 0
Wynn Resorts, Ltd. Common 983134107 498 3,980 SH SOLE 3,980 0 0
Youku.com Inc. ADR 98742U100 16,215 966,904 SH SOLE 890,617 0 76,287