13F-HR/A 1 a13f1205.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F-HR/A FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2005. Check here if Amendment [X]; 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 85706 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: Anthony Frazia,JD, CRCP Title: Co-Chief Compliance Officer/Director of Institutional, Operations,Compliance and Risk Management Phone: (212) 891-5508 Signature, Place, and Date of Signing: Anthony Frazia New York, New York February 14, 2005 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: none I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Mangers: 0 Form 13F Information Table Entry Total: 239 Form 13F Information Table Value Total: $68,300,352,000 List of Other Included Managers: None FORM 13F INFORMATION TABLE SEC USE ONLY NAME OF ISSUER TITLE OF CUSIP Value SHARES/ SH/PUT/ INVSTMT OTHER CLASS (X$1000) PRN AMT PRNCALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ------------- --------- -------- --------- --------------- --------- --------- ------- ------ 21st Century Insurance Group Common Stock 90130N103 296 18300SH SOLE 0 18300 0 0 3M Company Common Stock 88579Y101 4123 53200SH SOLE 0 53200 0 0 99 Cent Only Stores Common Stock 65440K106 11634 1112275SH SOLE 0 1112275 0 0 A.G. Edwards Inc Common Stock 281760108 271 5785SH SOLE 0 5785 0 0 Ace Ltd Common Stock G0070K103 150 2800SH SOLE 0 2800 0 0 Advance Auto Parts Inc. Common Stock 00751Y106 32911 757266SH SOLE 0 757266 0 0 AES Trust III,6.75%,10/15/29 Preferred 00808N202 7526 169500SH SOLE 0 169500 0 0 AFLAC, Inc. Common Stock 001055102 13408 288848SH SOLE 0 288848 0 0 Agilent Technologies, Inc. Common Stock 00846U101 22785 684445SH SOLE 0 684445 0 0 Air Products & Chemicals Inc. Common Stock 009158106 1539 26000SH SOLE 0 26000 0 0 Alexandria Real Estate Equ Common Stock 015271109 57972 720155SH SOLE 0 720155 0 0 Alleghany Corp Common Stock 017175100 1213 4272SH SOLE 0 4272 0 0 Allstate Corp Common Stock 020002101 1051 19436SH SOLE 0 19436 0 0 Alltel Corp Common Stock 020039103 518 8215SH SOLE 0 8215 0 0 Altria Group Incorporated Common Stock 02209S103 3792181 50751883SH SOLE 0 50751883 0 0 Amazon.Com, Inc. Common Stock 023135106 2490 52800SH SOLE 0 52800 0 0 AMB Property Corp. Common Stock 00163T109 32388 658690SH SOLE 0 658690 0 0 Ambac Financial Group Inc Common Stock 023139108 11622 150820SH SOLE 0 150820 0 0 America Movil S.A. de C.V. Common - ADR 02364W105 214 7300SH SOLE 0 7300 0 0 American Campus Communities Common Stock 024835100 35246 1421190SH SOLE 0 1421190 0 0 American Express Co. Common Stock 025816109 3881256 75435585SH SOLE 0 75435585 0 0 American International Group Common Stock 026874107 3336734 48904210SH SOLE 0 48904210 0 0 American Standard Companies Common Stock 029712106 8525 213400SH SOLE 0 213400 0 0 Ameriprise Financial, Inc. Common Stock 03076C106 776431 18937333SH SOLE 0 18937333 0 0 AmeriSourceBergen Corp Common Stock 03073E105 13389 323415SH SOLE 0 323415 0 0 Anadardo Petroleum Corp. Common Stock 032511107 7992 84350SH SOLE 0 84350 0 0 Aon Corp. Common Stock 037389103 605132 16832594SH SOLE 0 16832594 0 0 Applied Materials, Inc. Common Stock 038222105 1755 97800SH SOLE 0 97800 0 0 Archstone-Smith Trust Common Stock 039583109 23890 570302SH SOLE 0 570302 0 0 Arden Realty Common Stock 039793104 13660 304700SH SOLE 0 304700 0 0 AT&T Inc. Common Stock 00206R102 3399 138792SH SOLE 0 138792 0 0 Autoliv, Inc. Common Stock 052800109 19189 422470SH SOLE 0 422470 0 0 Autonation Incorporated Common Stock 05329W102 47277 2175651SH SOLE 0 2175651 0 0 Autozone Incorporated Common Stock 053332102 5771 62900SH SOLE 0 62900 0 0 Avon Products, Inc. Common Stock 054303102 569908 19961756SH SOLE 0 19961756 0 0 Axis Capital Holdings Ltd Common Stock G0692U109 4120 131714SH SOLE 0 131714 0 0 Bank of America Corp. Common Stock 060505104 1592 34502SH SOLE 0 34502 0 0 Berkshire Hathaway Inc.,A Common Stock 084670108 1781262 20100SH SOLE 0 20100 0 0 Berkshire Hathaway Inc. B Common Stock 084670207 579640 197459SH SOLE 0 197459 0 0 Biomet Inc. Common Stock 090613100 3822 104499SH SOLE 0 104499 0 0 H & R Block, Inc Common Stock 093671105 939429 38265934SH SOLE 0 38265934 0 0 Blount International, Inc. Common Stock 095180105 3245 203700SH SOLE 0 203700 0 0 Boston Properties, Inc. Common Stock 101121101 33294 449124SH SOLE 0 449124 0 0 BP Amoco PLC - ADR Common - ADR 055622104 13005 202500SH SOLE 0 202500 0 0 Brown & Brown, Inc. Common Stock 115236101 30411 995777SH SOLE 0 995777 0 0 Camden Property Trust Common Stock 133131102 22006 379941SH SOLE 0 379941 0 0 Capital One Financial Corp. Common Stock 14040H105 2644 30600SH SOLE 0 30600 0 0 Cardinal Health Inc Common Stock 14149Y108 795970 11577749SH SOLE 0 11577749 0 0 Caremark RX, Inc. Common Stock 141705103 743729 14360482SH SOLE 0 14360482 0 0 CarrAmerica Realty Corp. Common Stock 144418100 49743 1436404SH SOLE 0 1436404 0 0 Centerpoint Properties Trust Common Stock 151895109 317726 6421306SH SOLE 0 6421306 0 0 China Life Insurance, Co. Common - ADR 16939P106 9751 276400SH SOLE 0 276400 0 0 Chubb Corp. Common Stock 171232101 247228 2531772SH SOLE 0 2531772 0 0 Cincinnati Financial Corp. Common Stock 172062101 5428 121485SH SOLE 0 121485 0 0 Cisco Systems, Inc. Common Stock 17275R102 4122 240790SH SOLE 0 240790 0 0 Citigroup Inc. Common Stock 172967101 1850691 38134988SH SOLE 0 38134988 0 0 CNA Financial Corporation Common Stock 126117100 434 13268SH SOLE 0 13268 0 0 Coca Cola Co Common Stock 191216100 84377 2093200SH SOLE 0 2093200 0 0 Colgate-Palmolive Co. Common Stock 194162103 2888 52650SH SOLE 0 52650 0 0 Columbia Equity Trust, Inc. Common Stock 197627102 17888 1107625SH SOLE 0 1107625 0 0 Comcast Corp - Class A Common Stock 20030N101 7890 304391SH SOLE 0 304391 0 0 Comcast Corp - Special Cl A Common Stock 20030N200 1546939 60215622SH SOLE 0 60215622 0 0 Commerce Bancorp, Inc. Common Stock 200519106 307242 8928854SH SOLE 0 8928854 0 0 Companhia Vale do Rio Doce Common - ADR 204412100 703 19400SH SOLE 0 19400 0 0 ConocoPhillips Common Stock 20825C104 1852276 31836997SH SOLE 0 31836997 0 0 Continental Airlines Fin Preferred 210796306 4597 161300SH SOLE 0 161300 0 0 Corporate Data Sciences, In Common Stock 219884103 5 20552SH SOLE 0 20552 0 0 Corporate Office Properties Common Stock 22002T108 47867 1346852SH SOLE 0 1346852 0 0 Costco Wholesale Corp. Common Stock 22160K105 2550526 51557026SH SOLE 0 51557026 0 0 Cousins Properties, Inc. Common Stock 222795106 33297 1176559SH SOLE 0 1176559 0 0 Covad Communications Group Common Stock 222814204 5565 5678798SH SOLE 0 5678798 0 0 D & B Corp Common Stock 26483E100 654383 9772751SH SOLE 0 9772751 0 0 Dell Inc. Common Stock 24702R101 617805 20627866SH SOLE 0 20627866 0 0 Developers Diversified Common Stock 251591103 54331 1155483SH SOLE 0 1155483 0 0 Devon Energy Corp. Common Stock 25179M103 1793624 28679624SH SOLE 0 28679624 0 0 Diageo PLC, - ADR Common - ADR 25243Q205 310154 5319972SH SOLE 0 5319972 0 0 Duke Realty Corp Common Stock 264411505 45053 1348907SH SOLE 0 1348907 0 0 ETRADE Financial Corp Common Stock 269246104 33889 1624569SH SOLE 0 1624569 0 0 Echostar Communications Co Common Stock 278762109 20855 767291SH SOLE 0 767291 0 0 El Paso Corporation Common Stock 28336L109 142439 11713700SH SOLE 0 11713700 0 0 Electronic Data Sys Corp New Common Stock 285661104 233618 9717900SH SOLE 0 9717900 0 0 EMC Corporation Common Stock 268648102 718 52700SH SOLE 0 52700 0 0 Emerson Electric Co. Common Stock 291011104 6566 87900SH SOLE 0 87900 0 0 Ensco International Inc. Common Stock 26874Q100 2013 45400SH SOLE 0 45400 0 0 EOG Resources, Inc. Common Stock 26875P101 1754901 23918505SH SOLE 0 23918505 0 0 Equity Residential - COM Common Stock 29476L107 29015 741694SH SOLE 0 741694 0 0 Equity Residential - C Preferred 29476L503 393 15500SH SOLE 0 15500 0 0 Equity Residential - D Preferred 29476L800 1185 46400SH SOLE 0 46400 0 0 Equity Residential - E Preferred 29476L883 2757 63200SH SOLE 0 63200 0 0 Essex Property Trust, Inc. Common Stock 297178105 52831 573005SH SOLE 0 573005 0 0 Everest Re Group, Ltd. Common Stock G3223R108 112289 1118972SH SOLE 0 1118972 0 0 Expedia Inc Common Stock 30212P105 113109 4720745SH SOLE 0 4720745 0 0 Exxon Mobil Corporation Common Stock 30231G102 253 4500SH SOLE 0 4500 0 0 Federal National Mortgage Common Stock 313586109 130079 2665016SH SOLE 0 2665016 0 0 Fifth Third Bancorp. Common Stock 316773100 482027 12779080SH SOLE 0 12779080 0 0 First Data Corp. Common Stock 319963104 3957 92000SH SOLE 0 92000 0 0 First Industrial Realty Tr Common Stock 32054K103 18384 477500SH SOLE 0 477500 0 0 The First Marblehead Corp. Common Stock 320771108 61830 1881613SH SOLE 0 1881613 0 0 Fisher Scientific Inte Common Stock 338032204 11810 190916SH SOLE 0 190916 0 0 Florida East Coast Ind Common Stock 340632108 6636 156630SH SOLE 0 156630 0 0 Forest City Enterprises - A Common Stock 345550107 46265 1219747SH SOLE 0 1219747 0 0 FPIC Insurance Group, Inc. Common Stock 302563101 17951 517323SH SOLE 0 517323 0 0 Franklin Electric Co., Inc. Common Stock 353514102 11731 296695SH SOLE 0 296695 0 0 Freddie Mac Common Stock 313400301 419227 6415100SH SOLE 0 6415100 0 0 Gannett Co., Inc. Common Stock 364730101 171635 2833660SH SOLE 0 2833660 0 0 Garmin Ltd. Common Stock G37260109 35136 529557SH SOLE 0 529557 0 0 General Electric Co Common Stock 369604103 10975 313116SH SOLE 0 313116 0 0 General Growth Properties Common Stock 370021107 687751 14636118SH SOLE 0 14636118 0 0 Golden West Financial Corp. Common Stock 381317106 2389668 36207089SH SOLE 0 36207089 0 0 Goldman Sachs Group Inc. Common Stock 38141G104 14023 109800SH SOLE 0 109800 0 0 Gramercy Capital Corp. Common Stock 384871109 19746 866800SH SOLE 0 866800 0 0 Harley-Davidson, Inc. Common Stock 412822108 812487 15779508SH SOLE 0 15779508 0 0 HCA Inc. Common Stock 404119109 1090672 21597370SH SOLE 0 21597370 0 0 The Hershey Company Common Stock 427866108 590322 10684558SH SOLE 0 10684558 0 0 Hewlett Packard Co. Common Stock 428236103 322813 11275325SH SOLE 0 11275325 0 0 Highwoods Properties Inc Common Stock 431284108 25321 890000SH SOLE 0 890000 0 0 Home Depot Inc Common Stock 437076102 995 24575SH SOLE 0 24575 0 0 HSBC Finl Co 8.875% 2/15/06 Preferred 40429C409 3493 90000SH SOLE 0 90000 0 0 HSBC Holdings PLC Common- ADR 404280406 431587 5363326SH SOLE 0 5363326 0 0 Hughes Supply, Inc. Common Stock 444482103 11038 307900SH SOLE 0 307900 0 0 Huntsman Corporation Common Stock 447011107 9504 551942SH SOLE 0 551942 0 0 IAC/InterActiveCorp Common Stock 44919P300 116882 4128645SH SOLE 0 4128645 0 0 ICICI Bank Limited -ADR Common - ADR 45104G104 2880 100000SH SOLE 0 100000 0 0 IDEXX Laboratories, Inc. Common Stock 45168D104 24283 337352SH SOLE 0 337352 0 0 Ing Groep N.V. Common - ADR 456837103 905 25990SH SOLE 0 25990 0 0 Intel Corp. Common Stock 458140100 5316 212990SH SOLE 0 212990 0 0 IBM Common Stock 459200101 2390 29078SH SOLE 0 29078 0 0 International Rectifier Corp. Common Stock 460254105 4201 131700SH SOLE 0 131700 0 0 Interpublic Group Cos Inc Common Stock 460690100 342 35400SH SOLE 0 35400 0 0 Iron Mountain Inc. Common Stock 462846106 1117784 26475219SH SOLE 0 26475219 0 0 Jabil Circuit, Inc Common Stock 466313103 6491 175000SH SOLE 0 175000 0 0 JC Penney (Holding Co) Inc. Common Stock 708160106 7803 140350SH SOLE 0 140350 0 0 Johnson & Johnson Common Stock 478160104 64603 1074930SH SOLE 0 1074930 0 0 JPMorgan Chase & Co. Common Stock 46625H100 2686474 67686423SH SOLE 0 67686423 0 0 Kilroy Realty Corp. Common Stock 49427F108 83342 1346397SH SOLE 0 1346397 0 0 Kimberly-Clark Corp Common Stock 494368103 5679 95200SH SOLE 0 95200 0 0 Kimco Realty Corp. Common Stock 49446R109 47742 1488209SH SOLE 0 1488209 0 0 Koninklijke Philips Elect Common - ADR 500472303 479 15400SH SOLE 0 15400 0 0 Kraft Foods Inc. Common Stock 50075N104 78478 2785875SH SOLE 0 2785875 0 0 Kroger Corp. Common Stock 501044101 85262 4516001SH SOLE 0 4516001 0 0 Lear Corp Common Stock 521865105 10406 365629SH SOLE 0 365629 0 0 Legg Mason, Inc. Common Stock 524901105 12714 106224SH SOLE 0 106224 0 0 Lexmark International, Inc. Common Stock 529771107 538602 12014310SH SOLE 0 12014310 0 0 Liberty Global, Inc.Cl C Common Stock 530555309 229 10800SH SOLE 0 10800 0 0 Liberty Property Trust Common Stock 531172104 16382 382300SH SOLE 0 382300 0 0 Lincare Holdings Inc. Common Stock 532791100 14092 336248SH SOLE 0 336248 0 0 Lloyds TSB Group PLC - ADR Common - ADR 539439109 179844 5320830SH SOLE 0 5320830 0 0 Loews Corp. Common Stock 540424108 1468687 15484309SH SOLE 0 15484309 0 0 Lowes Cos Inc. Common Stock 548661107 773 11600SH SOLE 0 11600 0 0 Macerich Co Common Stock 554382101 31623 471000SH SOLE 0 471000 0 0 Maguire Properties, Inc. Common Stock 559775101 4277 138400SH SOLE 0 138400 0 0 Markel Corp. Common Stock 570535104 80894 255147SH SOLE 0 255147 0 0 Marsh & McLennan Cos Common Stock 571748102 867521 27314881SH SOLE 0 27314881 0 0 Martin Marietta Materials Common Stock 573284106 495573 6459500SH SOLE 0 6459500 0 0 Masco Corp. Common Stock 574599106 3816 126400SH SOLE 0 126400 0 0 Medtronic, Inc. Common Stock 585055106 8664 150500SH SOLE 0 150500 0 0 Mellon Financial Corp. Common Stock 58551A108 733 21400SH SOLE 0 21400 0 0 Mercury General Corp. Common Stock 589400100 2096 36000SH SOLE 0 36000 0 0 Merrill Lynch & Co Inc Common Stock 590188108 118268 1746169SH SOLE 0 1746169 0 0 Microsoft Corp Common Stock 594918104 918580 35127342SH SOLE 0 35127342 0 0 Mills Corp., The Common Stock 601148109 37793 901115SH SOLE 0 901115 0 0 Mohawk Industries Inc. Common Stock 608190104 13267 152524SH SOLE 0 152524 0 0 Molex Inc., Class A Common Stock 608554200 32949 1339943SH SOLE 0 1339943 0 0 Monsanto Co. Common Stock 61166W101 775 10000SH SOLE 0 10000 0 0 Moody's Corp. Common Stock 615369105 1165243 18971712SH SOLE 0 18971712 0 0 Morgan Stanley Common Stock 617446448 368035 6486343SH SOLE 0 6486343 0 0 News Corp., Class A shares Common Stock 65248E104 2149 138200SH SOLE 0 138200 0 0 News Corp., Class B Shares Common Stock 65248E203 1910 115000SH SOLE 0 115000 0 0 Nokia Oyj Corp Common - ADR 654902204 148140 8095100SH SOLE 0 8095100 0 0 NTL Inc. Common Stock 62940M104 142540 2093717SH SOLE 0 2093717 0 0 Occidental Petroleum Corp Common Stock 674599105 1269993 15898756SH SOLE 0 15898756 0 0 Office Depot Inc. Common Stock 676220106 27581 878366SH SOLE 0 878366 0 0 Old Republic International Common Stock 680223104 46286 1762590SH SOLE 0 1762590 0 0 Oracle Corporation Common Stock 68389X105 5186 424750SH SOLE 0 424750 0 0 Pan Pacific Retail Prop Common Stock 69806L104 45701 683220SH SOLE 0 683220 0 0 Pennsylvania Real Estate Common Stock 709102107 8849 236860SH SOLE 0 236860 0 0 Pepsico, Inc. Common Stock 713448108 5536 93700SH SOLE 0 93700 0 0 Pfizer Inc. Common Stock 717081103 247568 10616141SH SOLE 0 10616141 0 0 Pitney Bowes Inc. Common Stock 724479100 59108 1399000SH SOLE 0 1399000 0 0 Principal Financial Group Common Stock 74251V102 202431 4268000SH SOLE 0 4268000 0 0 Procter & Gamble Company Common Stock 742718109 8873 153302SH SOLE 0 153302 0 0 Progressive Corp. Common Stock 743315103 2323138 19893285SH SOLE 0 19893285 0 0 ProLogis Common Stock 743410102 63112 1350850SH SOLE 0 1350850 0 0 Quanta Services, Inc. Common Stock 74762E102 4039 306700SH SOLE 0 306700 0 0 Reckson Associates Common Stock 75621K106 30126 837300SH SOLE 0 837300 0 0 Regency Centers Corporation Common Stock 758849103 42042 713179SH SOLE 0 713179 0 0 Reynolds & Reynolds Company Common Stock 761695105 27586 982770SH SOLE 0 982770 0 0 Robbins & Myers, Inc. Common Stock 770196103 25822 1268888SH SOLE 0 1268888 0 0 Safeco Corp. Common Stock 786429100 1700 30080SH SOLE 0 30080 0 0 Safeway Inc. Common Stock 786514208 42926 1814300SH SOLE 0 1814300 0 0 SAP AG - ADR Common - ADR 803054204 4642 103000SH SOLE 0 103000 0 0 Schlumberger Ltd Common Stock 806857108 5003 51500SH SOLE 0 51500 0 0 Sealed Air Corp. Common Stock 81211K100 1639964 29196437SH SOLE 0 29196437 0 0 Sempra Energy Common Stock 816851109 27384 610707SH SOLE 0 610707 0 0 ServiceMaster Co. Common Stock 81760N109 25693 2150027SH SOLE 0 2150027 0 0 Sigma-Aldrich Corp. Common Stock 826552101 21437 338716SH SOLE 0 338716 0 0 Simon Property Group Inc Common Stock 828806109 35122 458338SH SOLE 0 458338 0 0 SK Telecom Co., Ltd. ADR Common - ADR 78440P108 204641 10085825SH SOLE 0 10085825 0 0 SL Green Realty Corp Common Stock 78440X101 96115 1258208SH SOLE 0 1258208 0 0 Sonoco Com Common Stock 835495102 2084 70900SH SOLE 0 70900 0 0 Spirit Finance Corp. Common Stock 848568309 29221 2574500SH SOLE 0 2574500 0 0 Sprint Nextel Corp. Common Stock 852061100 759 32500SH SOLE 0 32500 0 0 The St Joe Company Common Stock 790148100 8422 125290SH SOLE 0 125290 0 0 State Street Corp. Common Stock 857477103 168349 3036600SH SOLE 0 3036600 0 0 Sun Life Financial Inc. Common Stock 866796105 99968 2491100SH SOLE 0 2491100 0 0 Sun Microsystems Inc Common Stock 866810104 93 22175SH SOLE 0 22175 0 0 Suntrust Banks Inc. Common Stock 867914103 1091 15001SH SOLE 0 15001 0 0 Sysco Corp Common Stock 871829107 4440 143000SH SOLE 0 143000 0 0 T. Rowe Price Group, Inc. Common Stock 74144T108 7059 98000SH SOLE 0 98000 0 0 Target Corp Common Stock 87612E106 5261 95700SH SOLE 0 95700 0 0 TCF Financial Corp Common Stock 872275102 3604 132800SH SOLE 0 132800 0 0 Telewest Global, Inc. Common Stock 87956T107 246798 10360944SH SOLE 0 10360944 0 0 Tenaris S.A. - ADR Common - ADR 88031M109 5909 51605SH SOLE 0 51605 0 0 Tenet Healthcare Corp Common Stock 88033G100 57030 7445200SH SOLE 0 7445200 0 0 Texas Instruments, Inc. Common Stock 882508104 2886 90000SH SOLE 0 90000 0 0 Tiffany & Co. Common Stock 886547108 3829 100000SH SOLE 0 100000 0 0 Time Warner Inc. (new) Common Stock 887317105 70369 4034900SH SOLE 0 4034900 0 0 Torchmark Corp. Common Stock 891027104 3465 62318SH SOLE 0 62318 0 0 Transatlantic Holdings, Inc. Common Stock 893521104 1010577 15038347SH SOLE 0 15038347 0 0 Transocean Inc. Common Stock G90078109 537038 7706098SH SOLE 0 7706098 0 0 Travelers PPTY4.5%,4/15/32 Preferred 89420G307 2972 119400SH SOLE 0 119400 0 0 Tyco International Ltd. Common Stock 902124106 2957655 102482834SH SOLE 0 102482834 0 0 Unilever NV - NY Shares Common - ADR 904784709 206 3000SH SOLE 0 3000 0 0 United Dominion Realty Tr,. Common Stock 910197102 45040 1921513SH SOLE 0 1921513 0 0 United Parcel Service, Inc., Common Stock 911312106 353600 4705256SH SOLE 0 4705256 0 0 United Rentals Trust I,6.5% Preferred 91136H306 7085 166700SH SOLE 0 166700 0 0 Ventas, Inc. Common Stock 92276F100 22016 687555SH SOLE 0 687555 0 0 Verizon Communications Inc. Common Stock 92343V104 2717 90200SH SOLE 0 90200 0 0 Vornado Realty Trust Common Stock 929042109 46016 551290SH SOLE 0 551290 0 0 Vornado Realty Trust, Pfd, Preferred 929042703 4156 175000SH SOLE 0 175000 0 0 Vulcan Materials Corp. Common Stock 929160109 562604 8304124SH SOLE 0 8304124 0 0 W.R. Berkley Corp. Common Stock 084423102 4465 93766SH SOLE 0 93766 0 0 Waddell & Reed Financial - A Common Stock 930059100 728 34707SH SOLE 0 34707 0 0 Wal-Mart Stores, Inc. Common Stock 931142103 1285128 27459996SH SOLE 0 27459996 0 0 Waste Connections Inc. Common Stock 941053100 4066 118000SH SOLE 0 118000 0 0 Wells Fargo & Co. Common Stock 949746101 1939655 30871483SH SOLE 0 30871483 0 0 White Mountains Ins.Group Common Stock G9618E107 1676 3000SH SOLE 0 3000 0 0 WPP Group PLC - ADR Common - ADR 929309409 45133 835788SH SOLE 0 835788 0 0 Wyeth Common Stock 983024100 94957 2061151SH SOLE 0 2061151 0 0 Zimmer Holdings, Inc. Common Stock 98956P102 12273 181982SH SOLE 0 181982 0 0