CIK: 0001036325 · Show all filings
Period: Q4 2019 (← Previous) (Next →)
Filing Date: Feb 13, 2020
Total Value ($000): $20,911,605 (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value ($000) | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| WFC | Wells Fargo & Co. | 26,485,994 | $1,424,946 | 6.8% | $29.39 | +52.1% | Common | 949746101 |
| COF | Capital One Financial Corp. | 13,225,015 | $1,360,986 | 6.5% | $71.39 | +21.6% | Common | 14040H105 |
| — | New Oriental Education & Tech ADR | 10,241,402 | $1,241,770 | 5.9% | $74.76 | — | ADR | 647581107 |
| GOOG | Alphabet Inc., Class C | 881,613 | $1,178,734 | 5.6% | $35.82 | +78.8% | Common | 02079K107 |
| — | United Technologies Corp. | 7,576,268 | $1,134,622 | 5.4% | $93.01 | — | Common | 913017109 |
| AMZN | Amazon.com, Inc. | 607,030 | $1,121,694 | 5.4% | $16.54 | +435.0% | Common | 023135106 |
| BRK/A | Berkshire Hathaway Inc., Class A | 3,125 | $1,061,219 | 5.1% | $168191.69 | +93.7% | Common | 084670108 |
| JPM | JPMorgan Chase & Co. | 7,385,354 | $1,029,518 | 4.9% | $40.83 | +166.2% | Common | 46625H100 |
| AMAT | Applied Materials, Inc. | 15,079,298 | $920,440 | 4.4% | $37.74 | +40.4% | Common | 038222105 |
| META | Facebook, Inc, Class A | 4,324,023 | $887,506 | 4.2% | $133.43 | +44.2% | Common | 30303M102 |
| BABA | Alibaba Group Holding Ltd., ADR | 4,090,570 | $867,610 | 4.1% | $163.53 | — | ADR | 01609W102 |
| BK | Bank of New York Mellon Corp. | 15,689,291 | $789,642 | 3.8% | $22.02 | +81.3% | Common | 064058100 |
| AXP | American Express Co. | 5,559,654 | $692,121 | 3.3% | $59.62 | +84.7% | Common | 025816109 |
| GOOGL | Alphabet Inc., Class A | 434,227 | $581,599 | 2.8% | $36.73 | +74.3% | Common | 02079K305 |
| — | Apache Corp. | 20,131,629 | $515,168 | 2.5% | $46.09 | — | Common | 037411105 |
| INTC | Intel Corp. | 8,421,171 | $504,007 | 2.4% | $43.08 | +14.3% | Common | 458140100 |
| USB | U.S. Bancorp | 8,384,749 | $497,132 | 2.4% | $36.08 | +22.9% | Common | 902973304 |
| TXN | Texas Instruments, Inc. | 3,763,659 | $482,840 | 2.3% | $29.01 | +257.6% | Common | 882508104 |
| DGX | Quest Diagnostics, Inc. | 3,904,487 | $416,960 | 2.0% | $76.36 | +21.0% | Common | 74834L100 |
| BRK/B | Berkshire Hathaway Inc., Class B | 1,569,962 | $355,596 | 1.7% | $126.14 | +72.2% | Common | 084670702 |
| CB | Chubb Ltd. | 1,933,719 | $301,003 | 1.4% | $103.37 | +33.9% | Common | H1467J104 |
| MKL | Markel Corp. | 216,521 | $247,520 | 1.2% | $559.36 | +103.6% | Common | 570535104 |
| MSFT | Microsoft Corp. | 1,237,840 | $195,207 | 0.9% | $26.70 | +421.4% | Common | 594918104 |
| JD | JD.com, Inc., Class A, ADR | 5,202,770 | $183,294 | 0.9% | $29.35 | — | ADR | 47215P106 |
| — | Encana Corp. | 37,942,550 | $177,951 | 0.9% | $12.36 | — | Common | 292505104 |
| MGY | Magnolia Oil & Gas Corp., Class A | 12,036,669 | $151,421 | 0.7% | $13.05 | -14.2% | Common | 559663109 |
| L | Loews Corp. | 2,451,543 | $128,681 | 0.6% | $42.08 | +16.8% | Common | 540424108 |
| ORCL | Oracle Corp. | 2,394,461 | $126,859 | 0.6% | $27.58 | +82.8% | Common | 68389X105 |
| NTB | Bank of N.T. Butterfield & Son Ltd. | 3,305,459 | $122,368 | 0.6% | $29.13 | -16.8% | Common | G0772R208 |
| — | Hollysys Automation Technologies, Ltd. | 6,602,765 | $108,351 | 0.5% | $19.15 | — | Common | G45667105 |
| BKNG | Booking Holdings, Inc. | 48,595 | $99,801 | 0.5% | $1933.58 | -0.1% | Common | 09857L108 |
| ADNT | Adient plc | 4,561,745 | $96,937 | 0.5% | $50.03 | -55.7% | Common | G0084W101 |
| BAC | Bank of America Corp. | 2,497,058 | $87,946 | 0.4% | $24.17 | +15.0% | Common | 060505104 |
| DUSA | Davis Select U.S. Equity | 3,169,516 | $81,919 | 0.4% | $21.77 | — | ETF | 23908L207 |
| DINT | Davis Select International | 3,654,046 | $69,518 | 0.3% | $18.17 | — | ETF | 23908L405 |
| UNH | UnitedHealth Group, Inc. | 221,196 | $65,027 | 0.3% | $181.38 | +30.4% | Common | 91324P102 |
| CVS | CVS Health Corp. | 812,308 | $60,346 | 0.3% | $59.39 | -2.7% | Common | 126650100 |
| STT | State Street Corp. | 725,580 | $57,393 | 0.3% | $53.85 | +7.0% | Common | 857477103 |
| GS | Goldman Sachs Group, Inc. | 231,322 | $53,188 | 0.3% | $127.86 | +46.6% | Common | 38141G104 |
| QRVO | Qorvo, Inc. | 439,106 | $51,037 | 0.2% | $74.45 | +29.9% | Common | 74736K101 |
| PNC | PNC Financial Services Group, Inc. | 317,399 | $50,666 | 0.2% | $70.04 | +71.6% | Common | 693475105 |
| DFNL | Davis Select Financial | 1,904,737 | $48,518 | 0.2% | $21.36 | — | ETF | 23908L108 |
| HUM | Humana Inc. | 129,184 | $47,349 | 0.2% | $239.24 | +25.6% | Common | 444859102 |
| DWLD | Davis Select Worldwide | 1,803,388 | $45,265 | 0.2% | $22.28 | — | ETF | 23908L306 |
| SCHW | Charles Schwab Corp. | 901,116 | $42,857 | 0.2% | $28.85 | +40.3% | Common | 808513105 |
| JCI | Johnson Controls International PLC | 983,200 | $40,026 | 0.2% | $32.09 | +15.6% | Common | G51502105 |
| ETN | Eaton Corp. PLC | 418,036 | $39,596 | 0.2% | $52.58 | +51.6% | Common | G29183103 |
| — | Alleghany Corporation | 49,351 | $39,460 | 0.2% | $596.56 | — | Common | 017175100 |
| — | Quotient Technology, Inc. | 3,952,738 | $38,974 | 0.2% | $10.64 | — | Common | 749119103 |
| — | 58.com Inc., Class A, ADR | 572,072 | $37,030 | 0.2% | $63.81 | — | ADR | 31680Q104 |
| CI | Cigna Corp. | 177,340 | $36,264 | 0.2% | $170.73 | -1.8% | Common | 125523100 |
| SPG | Simon Property Group, Inc. | 225,420 | $33,579 | 0.2% | $107.14 | -0.6% | Common | 828806109 |
| NOAH | Noah Holdings Ltd., ADS | 922,880 | $32,642 | 0.2% | $26.44 | — | ADR | 65487X102 |
| PLD | Prologis, Inc. | 352,358 | $31,409 | 0.2% | $43.30 | +72.5% | Common | 74340W103 |
| AVB | AvalonBay Communities, Inc. | 143,060 | $30,000 | 0.1% | $121.46 | +42.0% | Common | 053484101 |
| EG | Everest Re Group, Ltd. | 99,194 | $27,461 | 0.1% | $113.03 | +105.3% | Common | G3223R108 |
| — | GCI Liberty, Inc., Class A | 367,050 | $26,005 | 0.1% | $52.86 | — | Common | 36164V305 |
| IQ | iQIYI, Inc., Class A, ADR | 1,063,456 | $22,450 | 0.1% | $17.40 | — | ADR | 46267X108 |
| EQIX | Equinix, Inc. | 35,890 | $20,949 | 0.1% | $359.32 | +39.6% | Common | 29444U700 |
| PSA | Public Storage, Inc. | 97,180 | $20,695 | 0.1% | $169.99 | +0.6% | Common | 74460D109 |
| OC | Owens Corning | 312,017 | $20,319 | 0.1% | $48.47 | +32.1% | Common | 690742101 |
| — | Liberty Global plc, Series C | 911,234 | $19,860 | 0.1% | $51.51 | — | Common | G5480U120 |
| EQR | Equity Residential | 239,250 | $19,360 | 0.1% | $45.92 | +46.0% | Common | 29476L107 |
| ESS | Essex Property Trust, Inc. | 64,051 | $19,270 | 0.1% | $140.05 | +81.1% | Common | 297178105 |
| ARE | Alexandria Real Estate Equities, Inc. | 118,377 | $19,127 | 0.1% | $59.22 | +109.7% | Common | 015271109 |
| — | Aptiv PLC | 199,144 | $18,913 | 0.1% | $84.73 | — | Common | G6095L109 |
| GLRE | Greenlight Capital Re, Ltd., Class A | 1,860,842 | $18,813 | 0.1% | $13.13 | -21.2% | Common | G4095J109 |
| CPT | Camden Property Trust | 177,280 | $18,809 | 0.1% | $63.00 | +42.4% | Common | 133131102 |
| REXR | Rexford Industrial Realty, Inc. | 409,730 | $18,712 | 0.1% | $25.80 | — | Common | 76169C100 |
| — | Hudson Pacific Properties, Inc. | 496,150 | $18,680 | 0.1% | $33.03 | — | Common | 444097109 |
| — | American Campus Communities, Inc. | 395,554 | $18,603 | 0.1% | $40.38 | — | Common | 024835100 |
| CTRA | Cabot Oil & Gas Corp. | 1,014,668 | $17,665 | 0.1% | $13.97 | -6.4% | Common | 127097103 |
| — | China Index Holdings Ltd., ADR | 4,844,438 | $17,634 | 0.1% | $3.64 | — | ADR | 16954W101 |
| TRNO | Terreno Realty Corp. | 322,127 | $17,440 | 0.1% | $24.15 | — | Common | 88146M101 |
| SAP | SAP SE, ADR | 129,640 | $17,370 | 0.1% | $77.70 | — | ADR | 803054204 |
| — | Azul S.A., ADR | 385,204 | $16,487 | 0.1% | $17.99 | — | ADR | 05501U106 |
| TCOM | Trip Com Group Ltd | 485,507 | $16,284 | 0.1% | $33.54 | — | ADR | 89677Q107 |
| LILAK | Liberty Latin America Ltd., Class C | 834,060 | $16,231 | 0.1% | $20.25 | -16.0% | Common | G9001E128 |
| BXP | Boston Properties, Inc. | 106,120 | $14,630 | 0.1% | $78.85 | +25.9% | Common | 101121101 |
| BRX | Brixmor Property Group, Inc. | 637,850 | $13,784 | 0.1% | $16.53 | — | Common | 11120U105 |
| DLR | Digital Realty Trust, Inc. | 111,020 | $13,294 | 0.1% | $81.99 | +21.3% | Common | 253868103 |
| YRD | Yirendai Ltd., ADR | 2,350,352 | $13,044 | 0.1% | $20.97 | — | ADR | 98585L100 |
| AKR | Acadia Realty Trust | 494,730 | $12,828 | 0.1% | $27.43 | — | Common | 004239109 |
| WELL | Welltower Inc. | 155,360 | $12,705 | 0.1% | $64.25 | +10.7% | Common | 95040Q104 |
| VNO | Vornado Realty Trust | 189,410 | $12,596 | 0.1% | $81.10 | — | Common | 929042109 |
| CUZ | Cousins Properties, Inc. | 302,345 | $12,457 | 0.1% | $36.59 | — | Common | 222795502 |
| — | Federal Realty Investment Trust | 94,750 | $12,197 | 0.1% | $122.25 | — | Common | 313747206 |
| DOC | Healthpeak Properties, Inc. | 339,576 | $11,705 | 0.1% | $25.47 | 0.0% | Common | 42250P103 |
| BIDU | Baidu, Inc., Class A, ADR | 92,464 | $11,687 | 0.1% | $196.72 | — | ADR | 056752108 |
| HST | Host Hotels & Resorts, Inc. | 603,490 | $11,195 | 0.1% | $11.34 | +22.3% | Common | 44107P104 |
| CCI | Crown Castle International Corp. | 77,560 | $11,025 | 0.1% | $63.29 | +64.6% | Common | 22822V101 |
| — | Altus Midstream Co., Class A | 3,818,700 | $10,921 | 0.1% | $5.58 | — | Common | 02215L100 |
| — | SL Green Realty Corp. | 107,900 | $9,914 | 0.0% | $100.71 | — | Common | 78440X101 |
| EXPE | Expedia Group, Inc. | 87,082 | $9,417 | 0.0% | $129.93 | -10.9% | Common | 30212P303 |
| VTR | Ventas, Inc. | 154,690 | $8,932 | 0.0% | $45.83 | +7.3% | Common | 92276F100 |
| REG | Regency Centers Corp. | 132,740 | $8,375 | 0.0% | $46.56 | +9.1% | Common | 758849103 |
| EXR | Extra Space Storage Inc. | 77,820 | $8,219 | 0.0% | $62.67 | +37.7% | Common | 30225T102 |
| — | Tarena International, Inc.,Class A, ADR | 4,048,979 | $7,936 | 0.0% | $14.48 | — | ADR | 876108101 |
| — | Life Storage, Inc. | 70,350 | $7,617 | 0.0% | $89.59 | — | Common | 53223X107 |
| IVE | iShares S&P 500 Value ETF | 57,956 | $7,539 | 0.0% | $129.27 | — | ETF | 464287408 |
| — | STORE Capital Corp. | 180,300 | $6,714 | 0.0% | $33.40 | — | Common | 862121100 |
| BDN | Brandywine Realty Trust | 417,621 | $6,578 | 0.0% | $17.47 | — | Common | 105368203 |
| SUI | Sun Communities, Inc. | 42,250 | $6,342 | 0.0% | $103.79 | — | Common | 866674104 |
| — | Retail Opportunity Investments Corp. | 352,445 | $6,224 | 0.0% | $18.54 | — | Common | 76131N101 |
| — | CyrusOne Inc. | 95,040 | $6,218 | 0.0% | $71.50 | — | Common | 23283R100 |
| ELS | Equity LifeStyle Properties, Inc. | 86,120 | $6,062 | 0.0% | $91.69 | — | Common | 29472R108 |
| — | Coresite Realty Corp. | 53,950 | $6,049 | 0.0% | $94.26 | — | Common | 21870Q105 |
| DEI | Douglas Emmett, Inc. | 133,750 | $5,872 | 0.0% | $43.90 | — | Common | 25960P109 |
| SHO | Sunstone Hotel Investors, Inc. | 419,000 | $5,832 | 0.0% | $13.92 | — | Common | 867892101 |
| — | Fang Holdings Ltd., Class A, ADR | 1,841,050 | $5,265 | 0.0% | $2.22 | — | ADR | 30711Y201 |
| CUBE | CubeSmart | 150,120 | $4,726 | 0.0% | $27.42 | — | Common | 229663109 |
| RHP | Ryman Hospitality Properties, Inc. | 51,840 | $4,492 | 0.0% | $80.17 | — | Common | 78377T107 |
| AMH | American Homes 4 Rent, Class A | 168,740 | $4,423 | 0.0% | $22.06 | — | Common | 02665T306 |
| — | Liberty Property Trust | 66,630 | $4,001 | 0.0% | $42.36 | — | Common | 531172104 |
| EGP | EastGroup Properties, Inc. | 21,760 | $2,887 | 0.0% | $60.00 | — | Common | 277276101 |
| DXC | DXC Technology Co. | 69,539 | $2,614 | 0.0% | $45.18 | -29.5% | Common | 23355L106 |
| — | Liberty TripAdvisor Hldgs Inc. - A | 346,704 | $2,548 | 0.0% | $33.90 | — | Common | 531465102 |
| NVS | Novartis AG - ADR | 26,120 | $2,473 | 0.0% | $82.61 | — | ADR | 66987V109 |
| MAC | Macerich Co. | 67,570 | $1,819 | 0.0% | $42.99 | — | Common | 554382101 |
| ALEX | Alexander & Baldwin, Inc. | 63,090 | $1,322 | 0.0% | $25.38 | — | Common | 014491104 |
| — | Lam Research Corp. | 3,485 | $1,019 | 0.0% | $83.02 | — | Common | 512807108 |
| PPG | PPG Industries, Inc. | 5,470 | $730 | 0.0% | $86.33 | +30.3% | Common | 693506107 |
| — | Slack Technologies, Inc., Class A | 27,900 | $627 | 0.0% | $23.73 | — | Common | 83088V102 |
| AXTA | Axalta Coating Systems Ltd. | 20,310 | $617 | 0.0% | $28.60 | +3.1% | Common | G0750C108 |
| — | Xilinx, Inc. | 5,685 | $556 | 0.0% | $46.83 | — | Common | 983919101 |
| — | Jernigan Capital, Inc. | 22,578 | $432 | 0.0% | $19.13 | — | Common | 476405105 |
| HPQ | HP, Inc. | 20,830 | $428 | 0.0% | $7.89 | +94.0% | Common | 40434L105 |
| FDX | FedEx Corp. | 2,790 | $422 | 0.0% | $170.35 | -19.3% | Common | 31428X106 |
| IWV | iShares Russell 3000 Index Fund | 2,053 | $387 | 0.0% | $178.11 | — | ETF | 464287689 |
| KMX | CarMax, Inc. | 3,760 | $330 | 0.0% | $46.21 | +103.6% | Common | 143130102 |
| EA | Electronic Arts, Inc. | 2,960 | $318 | 0.0% | $125.34 | -23.0% | Common | 285512109 |
| DD | DowDuPont, Inc. | 4,000 | $257 | 0.0% | $27.24 | -10.0% | Common | 26614N102 |
| DOW | Dow Inc. | 4,000 | $219 | 0.0% | $36.70 | 0.0% | Common | 260557103 |
| — | Qurate Retail, Inc. Series A | 16,096 | $136 | 0.0% | $21.22 | — | Common | 74915M100 |