INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Davis Selected Advisers's Holding History (CIK: 0001036325)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 20,168 Value ($000) $3,054 Avg Close $84.07 Range $73.78 - $96.70

Q4 2015

Shares 19,331 Value ($000) $2,660 Avg Close $87.52 Range $82.31 - $94.87

Q3 2015

Shares 19,759 Value ($000) $2,864 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 20,387 Value ($000) $3,316 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 20,839 Value ($000) $3,345 Avg Close $96.47 Range $90.53 - $100.82

Q4 2014

Shares 20,760 Value ($000) $3,331 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 2,389,948 Value ($000) $453,681 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 21,659 Value ($000) $3,926 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 20,936 Value ($000) $4,030 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 19,085 Value ($000) $3,580 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 18,954 Value ($000) $3,510 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 713,588 Value ($000) $136,374 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	20,168	$3,054	$84.07	$73.78 - $96.70
Q4 2015	19,331	$2,660	$87.52	$82.31 - $94.87
Q3 2015	19,759	$2,864	$95.35	$87.10 - $106.76
Q2 2015	20,387	$3,316	$102.99	$96.57 - $107.49
Q1 2015	20,839	$3,345	$96.47	$90.53 - $100.82
Q4 2014	20,760	$3,331	$100.47	$91.12 - $114.79
Q3 2014	2,389,948	$453,681	$114.33	$108.62 - $117.41
Q2 2014	21,659	$3,926	$112.28	$107.17 - $118.40
Q1 2014	20,936	$4,030	$109.22	$101.79 - $116.27
Q4 2013	19,085	$3,580	$106.40	$101.46 - $111.01
Q3 2013	18,954	$3,510	$111.55	$106.48 - $117.56
Q2 2013	713,588	$136,374	$118.94	$109.29 - $125.13