Location: Tucson, AZ
CIK: 0001036325 · Show all filings
Period: Q4 2019 (← Previous) (Next →)
Filing Date: Feb 13, 2020
Total Value: $20.91B (100.0% shares, 0.0% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| WFC | Wells Fargo & Co. | 26,485,994 | $1.425B | 6.8% | $29.39 | +52.1% | Common | 949746101 |
| COF | Capital One Financial Corp. | 13,225,015 | $1.361B | 6.5% | $71.39 | +21.6% | Common | 14040H105 |
| — | New Oriental Education & Tech ADR | 10,241,402 | $1.242B | 5.9% | $74.76 | — | ADR | 647581107 |
| GOOG | Alphabet Inc., Class C | 881,613 | $1.179B | 5.6% | $35.82 | +78.8% | Common | 02079K107 |
| — | United Technologies Corp. | 7,576,268 | $1.135B | 5.4% | $93.01 | — | Common | 913017109 |
| AMZN | Amazon.com, Inc. | 607,030 | $1.122B | 5.4% | $16.54 | +435.0% | Common | 023135106 |
| BRK/A | Berkshire Hathaway Inc., Class A | 3,125 | $1.061B | 5.1% | $168191.69 | +93.7% | Common | 084670108 |
| JPM | JPMorgan Chase & Co. | 7,385,354 | $1.03B | 4.9% | $40.83 | +166.2% | Common | 46625H100 |
| AMAT | Applied Materials, Inc. | 15,079,298 | $920M | 4.4% | $37.74 | +40.4% | Common | 038222105 |
| META | Facebook, Inc, Class A | 4,324,023 | $888M | 4.2% | $133.43 | +44.2% | Common | 30303M102 |
| BABA | Alibaba Group Holding Ltd., ADR | 4,090,570 | $868M | 4.1% | $163.53 | — | ADR | 01609W102 |
| BK | Bank of New York Mellon Corp. | 15,689,291 | $790M | 3.8% | $22.02 | +81.3% | Common | 064058100 |
| AXP | American Express Co. | 5,559,654 | $692M | 3.3% | $59.62 | +84.7% | Common | 025816109 |
| GOOGL | Alphabet Inc., Class A | 434,227 | $582M | 2.8% | $36.73 | +74.3% | Common | 02079K305 |
| — | Apache Corp. | 20,131,629 | $515M | 2.5% | $46.09 | — | Common | 037411105 |
| INTC | Intel Corp. | 8,421,171 | $504M | 2.4% | $43.08 | +14.3% | Common | 458140100 |
| USB | U.S. Bancorp | 8,384,749 | $497M | 2.4% | $36.08 | +22.9% | Common | 902973304 |
| TXN | Texas Instruments, Inc. | 3,763,659 | $483M | 2.3% | $29.01 | +257.6% | Common | 882508104 |
| DGX | Quest Diagnostics, Inc. | 3,904,487 | $417M | 2.0% | $76.36 | +21.0% | Common | 74834L100 |
| BRK/B | Berkshire Hathaway Inc., Class B | 1,569,962 | $356M | 1.7% | $126.14 | +72.2% | Common | 084670702 |
| CB | Chubb Ltd. | 1,933,719 | $301M | 1.4% | $103.37 | +33.9% | Common | H1467J104 |
| MKL | Markel Corp. | 216,521 | $248M | 1.2% | $559.36 | +103.6% | Common | 570535104 |
| MSFT | Microsoft Corp. | 1,237,840 | $195M | 0.9% | $26.70 | +421.4% | Common | 594918104 |
| JD | JD.com, Inc., Class A, ADR | 5,202,770 | $183M | 0.9% | $29.35 | — | ADR | 47215P106 |
| — | Encana Corp. | 37,942,550 | $178M | 0.9% | $12.36 | — | Common | 292505104 |
| MGY | Magnolia Oil & Gas Corp., Class A | 12,036,669 | $151M | 0.7% | $13.05 | -14.2% | Common | 559663109 |
| L | Loews Corp. | 2,451,543 | $129M | 0.6% | $42.08 | +16.8% | Common | 540424108 |
| ORCL | Oracle Corp. | 2,394,461 | $127M | 0.6% | $27.58 | +82.8% | Common | 68389X105 |
| NTB | Bank of N.T. Butterfield & Son Ltd. | 3,305,459 | $122M | 0.6% | $29.13 | -16.8% | Common | G0772R208 |
| — | Hollysys Automation Technologies, Ltd. | 6,602,765 | $108M | 0.5% | $19.15 | — | Common | G45667105 |
| BKNG | Booking Holdings, Inc. | 48,595 | $99.8M | 0.5% | $1933.58 | -0.1% | Common | 09857L108 |
| ADNT | Adient plc | 4,561,745 | $96.94M | 0.5% | $50.03 | -55.7% | Common | G0084W101 |
| BAC | Bank of America Corp. | 2,497,058 | $87.95M | 0.4% | $24.17 | +15.0% | Common | 060505104 |
| DUSA | Davis Select U.S. Equity | 3,169,516 | $81.92M | 0.4% | $21.77 | — | ETF | 23908L207 |
| DINT | Davis Select International | 3,654,046 | $69.52M | 0.3% | $18.17 | — | ETF | 23908L405 |
| UNH | UnitedHealth Group, Inc. | 221,196 | $65.03M | 0.3% | $181.38 | +30.4% | Common | 91324P102 |
| CVS | CVS Health Corp. | 812,308 | $60.35M | 0.3% | $59.39 | -2.7% | Common | 126650100 |
| STT | State Street Corp. | 725,580 | $57.39M | 0.3% | $53.85 | +7.0% | Common | 857477103 |
| GS | Goldman Sachs Group, Inc. | 231,322 | $53.19M | 0.3% | $127.86 | +46.6% | Common | 38141G104 |
| QRVO | Qorvo, Inc. | 439,106 | $51.04M | 0.2% | $74.45 | +29.9% | Common | 74736K101 |
| PNC | PNC Financial Services Group, Inc. | 317,399 | $50.67M | 0.2% | $70.04 | +71.6% | Common | 693475105 |
| DFNL | Davis Select Financial | 1,904,737 | $48.52M | 0.2% | $21.36 | — | ETF | 23908L108 |
| HUM | Humana Inc. | 129,184 | $47.35M | 0.2% | $239.24 | +25.6% | Common | 444859102 |
| DWLD | Davis Select Worldwide | 1,803,388 | $45.27M | 0.2% | $22.28 | — | ETF | 23908L306 |
| SCHW | Charles Schwab Corp. | 901,116 | $42.86M | 0.2% | $28.85 | +40.3% | Common | 808513105 |
| JCI | Johnson Controls International PLC | 983,200 | $40.03M | 0.2% | $32.09 | +15.6% | Common | G51502105 |
| ETN | Eaton Corp. PLC | 418,036 | $39.6M | 0.2% | $52.58 | +51.6% | Common | G29183103 |
| — | Alleghany Corporation | 49,351 | $39.46M | 0.2% | $596.56 | — | Common | 017175100 |
| — | Quotient Technology, Inc. | 3,952,738 | $38.97M | 0.2% | $10.64 | — | Common | 749119103 |
| — | 58.com Inc., Class A, ADR | 572,072 | $37.03M | 0.2% | $63.81 | — | ADR | 31680Q104 |
| CI | Cigna Corp. | 177,340 | $36.26M | 0.2% | $170.73 | -1.8% | Common | 125523100 |
| SPG | Simon Property Group, Inc. | 225,420 | $33.58M | 0.2% | $107.14 | -0.6% | Common | 828806109 |
| NOAH | Noah Holdings Ltd., ADS | 922,880 | $32.64M | 0.2% | $26.44 | — | ADR | 65487X102 |
| PLD | Prologis, Inc. | 352,358 | $31.41M | 0.2% | $43.30 | +72.5% | Common | 74340W103 |
| AVB | AvalonBay Communities, Inc. | 143,060 | $30M | 0.1% | $121.46 | +42.0% | Common | 053484101 |
| EG | Everest Re Group, Ltd. | 99,194 | $27.46M | 0.1% | $113.03 | +105.3% | Common | G3223R108 |
| — | GCI Liberty, Inc., Class A | 367,050 | $26M | 0.1% | $52.86 | — | Common | 36164V305 |
| IQ | iQIYI, Inc., Class A, ADR | 1,063,456 | $22.45M | 0.1% | $17.40 | — | ADR | 46267X108 |
| EQIX | Equinix, Inc. | 35,890 | $20.95M | 0.1% | $359.32 | +39.6% | Common | 29444U700 |
| PSA | Public Storage, Inc. | 97,180 | $20.7M | 0.1% | $169.99 | +0.6% | Common | 74460D109 |
| OC | Owens Corning | 312,017 | $20.32M | 0.1% | $48.47 | +32.1% | Common | 690742101 |
| — | Liberty Global plc, Series C | 911,234 | $19.86M | 0.1% | $51.51 | — | Common | G5480U120 |
| EQR | Equity Residential | 239,250 | $19.36M | 0.1% | $45.92 | +46.0% | Common | 29476L107 |
| ESS | Essex Property Trust, Inc. | 64,051 | $19.27M | 0.1% | $140.05 | +81.1% | Common | 297178105 |
| ARE | Alexandria Real Estate Equities, Inc. | 118,377 | $19.13M | 0.1% | $59.22 | +109.7% | Common | 015271109 |
| — | Aptiv PLC | 199,144 | $18.91M | 0.1% | $84.73 | — | Common | G6095L109 |
| GLRE | Greenlight Capital Re, Ltd., Class A | 1,860,842 | $18.81M | 0.1% | $13.13 | -21.2% | Common | G4095J109 |
| CPT | Camden Property Trust | 177,280 | $18.81M | 0.1% | $63.00 | +42.4% | Common | 133131102 |
| REXR | Rexford Industrial Realty, Inc. | 409,730 | $18.71M | 0.1% | $25.80 | — | Common | 76169C100 |
| — | Hudson Pacific Properties, Inc. | 496,150 | $18.68M | 0.1% | $33.03 | — | Common | 444097109 |
| — | American Campus Communities, Inc. | 395,554 | $18.6M | 0.1% | $40.38 | — | Common | 024835100 |
| CTRA | Cabot Oil & Gas Corp. | 1,014,668 | $17.66M | 0.1% | $13.97 | -6.4% | Common | 127097103 |
| — | China Index Holdings Ltd., ADR | 4,844,438 | $17.63M | 0.1% | $3.64 | — | ADR | 16954W101 |
| TRNO | Terreno Realty Corp. | 322,127 | $17.44M | 0.1% | $24.15 | — | Common | 88146M101 |
| SAP | SAP SE, ADR | 129,640 | $17.37M | 0.1% | $77.70 | — | ADR | 803054204 |
| — | Azul S.A., ADR | 385,204 | $16.49M | 0.1% | $17.99 | — | ADR | 05501U106 |
| TCOM | Trip Com Group Ltd | 485,507 | $16.28M | 0.1% | $33.54 | — | ADR | 89677Q107 |
| LILAK | Liberty Latin America Ltd., Class C | 834,060 | $16.23M | 0.1% | $20.25 | -16.0% | Common | G9001E128 |
| BXP | Boston Properties, Inc. | 106,120 | $14.63M | 0.1% | $78.85 | +25.9% | Common | 101121101 |
| BRX | Brixmor Property Group, Inc. | 637,850 | $13.78M | 0.1% | $16.53 | — | Common | 11120U105 |
| DLR | Digital Realty Trust, Inc. | 111,020 | $13.29M | 0.1% | $81.99 | +21.3% | Common | 253868103 |
| YRD | Yirendai Ltd., ADR | 2,350,352 | $13.04M | 0.1% | $20.97 | — | ADR | 98585L100 |
| AKR | Acadia Realty Trust | 494,730 | $12.83M | 0.1% | $27.43 | — | Common | 004239109 |
| WELL | Welltower Inc. | 155,360 | $12.71M | 0.1% | $64.25 | +10.7% | Common | 95040Q104 |
| VNO | Vornado Realty Trust | 189,410 | $12.6M | 0.1% | $81.10 | — | Common | 929042109 |
| CUZ | Cousins Properties, Inc. | 302,345 | $12.46M | 0.1% | $36.59 | — | Common | 222795502 |
| — | Federal Realty Investment Trust | 94,750 | $12.2M | 0.1% | $122.25 | — | Common | 313747206 |
| DOC | Healthpeak Properties, Inc. | 339,576 | $11.71M | 0.1% | $25.47 | 0.0% | Common | 42250P103 |
| BIDU | Baidu, Inc., Class A, ADR | 92,464 | $11.69M | 0.1% | $196.72 | — | ADR | 056752108 |
| HST | Host Hotels & Resorts, Inc. | 603,490 | $11.2M | 0.1% | $11.34 | +22.3% | Common | 44107P104 |
| CCI | Crown Castle International Corp. | 77,560 | $11.03M | 0.1% | $63.29 | +64.6% | Common | 22822V101 |
| — | Altus Midstream Co., Class A | 3,818,700 | $10.92M | 0.1% | $5.58 | — | Common | 02215L100 |
| — | SL Green Realty Corp. | 107,900 | $9.914M | 0.0% | $100.71 | — | Common | 78440X101 |
| EXPE | Expedia Group, Inc. | 87,082 | $9.417M | 0.0% | $129.93 | -10.9% | Common | 30212P303 |
| VTR | Ventas, Inc. | 154,690 | $8.932M | 0.0% | $45.83 | +7.3% | Common | 92276F100 |
| REG | Regency Centers Corp. | 132,740 | $8.375M | 0.0% | $46.56 | +9.1% | Common | 758849103 |
| EXR | Extra Space Storage Inc. | 77,820 | $8.219M | 0.0% | $62.67 | +37.7% | Common | 30225T102 |
| — | Tarena International, Inc.,Class A, ADR | 4,048,979 | $7.936M | 0.0% | $14.48 | — | ADR | 876108101 |
| — | Life Storage, Inc. | 70,350 | $7.617M | 0.0% | $89.59 | — | Common | 53223X107 |
| IVE | iShares S&P 500 Value ETF | 57,956 | $7.539M | 0.0% | $129.27 | — | ETF | 464287408 |
| — | STORE Capital Corp. | 180,300 | $6.714M | 0.0% | $33.40 | — | Common | 862121100 |
| BDN | Brandywine Realty Trust | 417,621 | $6.578M | 0.0% | $17.47 | — | Common | 105368203 |
| SUI | Sun Communities, Inc. | 42,250 | $6.342M | 0.0% | $103.79 | — | Common | 866674104 |
| — | Retail Opportunity Investments Corp. | 352,445 | $6.224M | 0.0% | $18.54 | — | Common | 76131N101 |
| — | CyrusOne Inc. | 95,040 | $6.218M | 0.0% | $71.50 | — | Common | 23283R100 |
| ELS | Equity LifeStyle Properties, Inc. | 86,120 | $6.062M | 0.0% | $91.69 | — | Common | 29472R108 |
| — | Coresite Realty Corp. | 53,950 | $6.049M | 0.0% | $94.26 | — | Common | 21870Q105 |
| DEI | Douglas Emmett, Inc. | 133,750 | $5.872M | 0.0% | $43.90 | — | Common | 25960P109 |
| SHO | Sunstone Hotel Investors, Inc. | 419,000 | $5.832M | 0.0% | $13.92 | — | Common | 867892101 |
| — | Fang Holdings Ltd., Class A, ADR | 1,841,050 | $5.265M | 0.0% | $2.22 | — | ADR | 30711Y201 |
| CUBE | CubeSmart | 150,120 | $4.726M | 0.0% | $27.42 | — | Common | 229663109 |
| RHP | Ryman Hospitality Properties, Inc. | 51,840 | $4.492M | 0.0% | $80.17 | — | Common | 78377T107 |
| AMH | American Homes 4 Rent, Class A | 168,740 | $4.423M | 0.0% | $22.06 | — | Common | 02665T306 |
| — | Liberty Property Trust | 66,630 | $4.001M | 0.0% | $42.36 | — | Common | 531172104 |
| EGP | EastGroup Properties, Inc. | 21,760 | $2.887M | 0.0% | $60.00 | — | Common | 277276101 |
| DXC | DXC Technology Co. | 69,539 | $2.614M | 0.0% | $45.18 | -29.5% | Common | 23355L106 |
| — | Liberty TripAdvisor Hldgs Inc. - A | 346,704 | $2.548M | 0.0% | $33.90 | — | Common | 531465102 |
| NVS | Novartis AG - ADR | 26,120 | $2.473M | 0.0% | $82.61 | — | ADR | 66987V109 |
| MAC | Macerich Co. | 67,570 | $1.819M | 0.0% | $42.99 | — | Common | 554382101 |
| ALEX | Alexander & Baldwin, Inc. | 63,090 | $1.322M | 0.0% | $25.38 | — | Common | 014491104 |
| — | Lam Research Corp. | 3,485 | $1.019M | 0.0% | $83.02 | — | Common | 512807108 |
| PPG | PPG Industries, Inc. | 5,470 | $730K | 0.0% | $86.33 | +30.3% | Common | 693506107 |
| — | Slack Technologies, Inc., Class A | 27,900 | $627K | 0.0% | $23.73 | — | Common | 83088V102 |
| AXTA | Axalta Coating Systems Ltd. | 20,310 | $617K | 0.0% | $28.60 | +3.1% | Common | G0750C108 |
| — | Xilinx, Inc. | 5,685 | $556K | 0.0% | $46.83 | — | Common | 983919101 |
| — | Jernigan Capital, Inc. | 22,578 | $432K | 0.0% | $19.13 | — | Common | 476405105 |
| HPQ | HP, Inc. | 20,830 | $428K | 0.0% | $7.89 | +94.0% | Common | 40434L105 |
| FDX | FedEx Corp. | 2,790 | $422K | 0.0% | $170.35 | -19.3% | Common | 31428X106 |
| IWV | iShares Russell 3000 Index Fund | 2,053 | $387K | 0.0% | $178.11 | — | ETF | 464287689 |
| KMX | CarMax, Inc. | 3,760 | $330K | 0.0% | $46.21 | +103.6% | Common | 143130102 |
| EA | Electronic Arts, Inc. | 2,960 | $318K | 0.0% | $125.34 | -23.0% | Common | 285512109 |
| DD | DowDuPont, Inc. | 4,000 | $257K | 0.0% | $27.24 | -10.0% | Common | 26614N102 |
| DOW | Dow Inc. | 4,000 | $219K | 0.0% | $36.70 | 0.0% | Common | 260557103 |
| — | Qurate Retail, Inc. Series A | 16,096 | $136K | 0.0% | $21.22 | — | Common | 74915M100 |