13F-HR 1 x13f033110final.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F-HR FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2010 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: 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 May 13, 2010 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: 197 Form 13F Information Table Value Total: $65.5 Billion List of Other Included Managers: None Form 13F Information Table Title Value Shares SH/ PUT/Invstm Other Voting Authority Name of Issuer of Class CUSIP (X$1000) Prn Amt PRN CALLDscret Manager Sole Share None ------------------------------ ----------- --------- ----------------- --- --- ------ ------ ------- ---- ------- ABB Limited ADR ADR 000375204 38875017799925 SH SOLE 16462877 0 1337048 Ace Limited Common H0023R105 12918 247000 SH SOLE 247000 0 0 Activision Blizzard, Inc. Common 00507V109 32881327287408 SH SOLE 24870799 0 2416609 Adfitech Inc. Common 00687B105 616 280000 SH SOLE 280000 0 0 Adfitech Inc. 8% 03/15/2020 Bond 00687BAA3 937 1095780 SH SOLE 1095780 0 0 AES Corp. Common 00130H105 6547 595150 SH SOLE 595150 0 0 AES Trust III,6.75%,10/15/29 Preferred 00808N202 13063 288810 SH SOLE 288810 0 0 Agilent Technologies, Inc. Common 00846U101 90277526251077 SH SOLE 23976292 0 2274785 Air Products & Chemicals, Inc. Common 009158106 347 4690 SH SOLE 4690 0 0 Alexander & Baldwin, Inc. Common 014482103 19454 588632 SH SOLE 363716 0 224916 Alexandria Real Estate Equities, Common 015271109 131261 1941731 SH SOLE 277427 0 1664304 Alexandria Real Estate Pfd 7% Preferred 015271505 22331 976210 SH SOLE 976210 0 0 Allegheny Tech. 4.25 6/1/14 Bond 01741RAD4 10327 7055000 SH SOLE 7055000 0 0 Allegheny Technologies, Inc. Common 01741R102 972 18000 SH SOLE 18000 0 0 Altera Corp. Common 021441100 8815 362741 SH SOLE 309003 0 53738 Amazon.Com, Inc. Common 023135106 200646 1477839 SH SOLE 1356103 0 121736 AMB Property 6.75% Preferred 00163T406 6723 300000 SH SOLE 206200 0 93800 AMB Property Corp. Common 00163T109 327 12004 SH SOLE 11656 0 348 America Movil S.A.B. de C.V. ADR 02364W105 13531 268789 SH SOLE 240233 0 28556 American Campus Coms Inc. Common 024835100 114444 4137514 SH SOLE 694844 0 3442670 American Express Co. Common 025816109 294521771381906 SH SOLE 65864093 0 5517813 American Tower Corp Cl A Common 029912201 16763 393412 SH SOLE 263726 0 129686 Ameriprise Financial, Inc. Common 03076C106 57128212594408 SH SOLE 12075837 0 518571 Aon Corp. Common 037389103 1360 31840 SH SOLE 31840 0 0 Avalonbay Communities, Inc. Common 053484101 81823 947573 SH SOLE 150705 0 796868 Avon Products, Inc. Common 054303102 9609 283715 SH SOLE 283715 0 0 Banco Santander Brasil SA ADR 05967A107 10477 842857 SH SOLE 740391 0 102466 Bank of America Corp. Common 060505104 71470 4003926 SH SOLE 3848830 0 155096 Bank of New York Mellon Common 064058100 227729073746434 SH SOLE 68303411 0 5443023 Becton, Dickinson and Co Common 075887109 684772 8697732 SH SOLE 7915853 0 781879 Bed Bath + Beyond Inc. Common 075896100 103642923684387 SH SOLE 21772006 0 1912381 Berkshire Hathaway Inc., A Common 084670108 2543306 20881 SH SOLE 20091 0 790 Berkshire Hathaway Inc., B Common 084670702 752779 9262695 SH SOLE 7182504 0 2080191 Blount International, Inc. Common 095180105 19965 1927147 SH SOLE 1663671 0 263476 Boston Properties, Inc. Common 101121101 105094 1393081 SH SOLE 209761 0 1183320 Brookfield Asset Management Foreign 112585104 26315110352135 SH SOLE 9466251 0 885884 Brown & Brown, Inc. Common 115236101 1751 97700 SH SOLE 79873 0 17827 Canadian Natural Resources Foreign 136385101 177641023992571 SH SOLE 22209570 0 1783001 Cardinal Health Inc. Common 14149Y108 292195 8109768 SH SOLE 7501427 0 608341 Carefusion Corp. Common 14170T101 149560 5658717 SH SOLE 5159557 0 499160 CarMax, Inc. Common 143130102 55083521928140 SH SOLE 20179429 0 1748711 CBL & Assoc Prop., 7.375% Preferred 124830605 15167 711900 SH SOLE 144100 0 567800 CBL & Associates Properties Common 124830100 50505 3686504 SH SOLE 532238 0 3154266 Charles Schwab Corp. Common 808513105 24906 1332559 SH SOLE 1122768 0 209791 China Life Insurance, Co. ADR 16939P106 28576 396663 SH SOLE 396663 0 0 Cisco Systems, Inc. Common 17275R102 6336 243423 SH SOLE 182524 0 60899 Citigroup Inc. Common 172967101 14036 3465760 SH SOLE 3465760 0 0 Citigroup Inc. 7.5% 12/15/12 Preferred 172967416 4875 40000 SH SOLE 40000 0 0 Citigroup Inc. 8.5% 3/30/2040 Preferred 17315D204 3080 120000 SH SOLE 120000 0 0 Clark Holdings, Inc. Common 18145M109 836 1493715 SH SOLE 1493715 0 0 CME Group Inc. Common 12572Q105 473 1495 SH SOLE 1495 0 0 CNINSURE Inc. ADR 18976M103 1964 73800 SH SOLE 73800 0 0 Coca Cola Co Common 191216100 74705513582822 SH SOLE 12581859 0 1000963 Cogdell Spencer, Inc. Common 19238U107 14907 2014508 SH SOLE 1027077 0 987431 ConocoPhillips Common 20825C104 170911 3340066 SH SOLE 3155361 0 184705 Corporate Office Properties Trust Common 22002T108 140767 3507787 SH SOLE 526745 0 2981042 Costco Wholesale Corp. Common 22160K105 281077147073714 SH SOLE 43063073 0 4010641 Cousins Properties, Inc. Common 222795106 29660 3569174 SH SOLE 1034097 0 2535077 Crown Castle Int'l Corp Common 228227104 15693 410488 SH SOLE 256221 0 154267 CVS Caremark Corp. Common 126650100 215410558919715 SH SOLE 53872349 0 5047366 D & B Corp. Common 26483E100 588008 7901206 SH SOLE 7577041 0 324165 DCT Industrial Trust Inc. Common 233153105 8376816016825 SH SOLE 2793397 0 13223428 Devon Energy Corp. Common 25179M103 192682029905629 SH SOLE 27360234 0 2545395 Diageo PLC - ADR ADR 25243Q205 329312 4882314 SH SOLE 3848837 0 1033477 Digital Realty LP DLR - Series A Preferred 253868202 6502 253000 SH SOLE 89231 0 163769 Digital Realty LP DLR - Series D Preferred 253868608 5038 153400 SH SOLE 100400 0 53000 Digital Realty LP DLR 5.5% Bond 25389JAC0 1813413200000 SH SOLE 13200000 0 0 Digital Realty Trust Inc. Common 253868103 122530 2260695 SH SOLE 307026 0 1953669 Disney Walt Holdings Common 254687106 66464619038853 SH SOLE 17242986 0 1795867 Douglas Emmett, Inc. Common 25960P109 70843 4609177 SH SOLE 905433 0 3703744 Entertainment Properties Trust Common 29380T105 57821 1405820 SH SOLE 205940 0 1199880 EOG Resources, Inc. Common 26875P101 222084323895451 SH SOLE 21857664 0 2037787 Equity Residential - COM Common 29476L107 339 8663 SH SOLE 8558 0 105 Equity Residential - Series E Preferred 29476L883 2760 63200 SH SOLE 49600 0 13600 Essex Property Trust, Inc. Common 297178105 111923 1244284 SH SOLE 195949 0 1048335 ETRADE Financial Corp. Common 269246104 1425 862143 SH SOLE 682202 0 179941 Everest Re Group, Ltd. Common G3223R108 88845 1097804 SH SOLE 1055760 0 42044 Expeditors Int'l of Washington Inc Common 302130109 537 14540 SH SOLE 14540 0 0 Express Scripts Inc - Class A Common 302182100 112626311067836 SH SOLE 10201161 0 866675 Fairchild Semiconductor Internation Common 303726103 4746 445597 SH SOLE 445597 0 0 Fairfax Financial Holdings Ltd. Foreign 303901102 223775 596671 SH SOLE 551161 0 45510 Federal Realty Investment Trust Common 313747206 109444 1503152 SH SOLE 203093 0 1300059 Forest City Ent FCE 3.625 Bond 345550AK3 2597623000000 SH SOLE 23000000 0 0 Forest City Ent FCE 5 Bond 345550AL1 3754 3000000 SH SOLE 3000000 0 0 Forest City Enterprises Inc. - A Common 345550107 30922 2145848 SH SOLE 1229925 0 915923 FPIC Insurance Group, Inc. Common 302563101 3395 125218 SH SOLE 125218 0 0 Freeport-Mc C&G 6.75 5/01/10 Preferred 35671D782 9278 80000 SH SOLE 80000 0 0 General Electric Co. Common 369604103 7666 421200 SH SOLE 421200 0 0 Goldman Sachs Group Inc. Common 38141G104 396217 2322084 SH SOLE 2150350 0 171734 Google Inc. Class A Common 38259P508 760533 1341044 SH SOLE 1214281 0 126763 Grupo Televisa SA ADR 40049J206 33200915794908 SH SOLE 14339969 0 1454939 H & R Block, Inc. Common 093671105 36989320780533 SH SOLE 19493945 0 1286588 Harley-Davidson, Inc. Common 412822108 72706225901736 SH SOLE 23773071 0 2128665 Harris Corporation Common 413875105 21876 460636 SH SOLE 376172 0 84464 Hewlett Packard Co. Common 428236103 112094521090214 SH SOLE 19324223 0 1765991 Highwoods Properties Inc. Common 431284108 66572 2098076 SH SOLE 0 0 2098076 Host Hotels & Resorts Inc. Common 44107P104 81890 5589781 SH SOLE 642979 0 4946802 Hunter Douglas N.V. Foreign 5291810 129844 2535869 SH SOLE 2348378 0 187491 ICICI Bank Limited ADR 45104G104 8412 197000 SH SOLE 197000 0 0 IDEXX Laboratories, Inc. Common 45168D104 35989 625344 SH SOLE 516382 0 108962 Intel Corp 2.95 12/15/2035 Bond 458140AD2 9322 9500000 SH SOLE 9500000 0 0 Intel Corp 3.25 8/1/39 144a Bond 458140AF7 9590 8000000 SH SOLE 8000000 0 0 Intel Corp. Common 458140100 1226 55000 SH SOLE 55000 0 0 IBM Common 459200101 8698 67821 SH SOLE 56246 0 11575 International Rectifier Corp. Common 460254105 6680 291700 SH SOLE 291700 0 0 Iron Mountain Inc. Common 462846106 113787641528313 SH SOLE 37843364 0 3684949 Janus Capital GR JNS3.25 Bond 47102XAG0 316 250000 SH SOLE 250000 0 0 Johnson & Johnson Common 478160104 159612924480513 SH SOLE 22319487 0 2161026 Johnson Controls, Inc. Common 478366107 3077 93281 SH SOLE 69430 0 23851 JPMorgan Chase & Co. Common 46625H100 139476031167811 SH SOLE 28867896 0 2299915 Kohls Corp Bond Bond 500255AP9 2781 2500000 SH SOLE 2500000 0 0 Kohls Corp. Common 500255104 17688 322900 SH SOLE 322900 0 0 Laboratory Corp of America Common 50540R409 289860 3828553 SH SOLE 3476563 0 351990 LaSalle Hotel Properties Common 517942108 50552 2169629 SH SOLE 382942 0 1786687 Level 3 Com, 10% 5/1/2011 Bond 52729NBE9 10275010000000 SH SOLE 10000000 0 0 Level 3 Com, 15% 1/15/2013 Bond 52729NBM1 5345040000000 SH SOLE 40000000 0 0 Liberty Global, Inc. -Class C Common 530555309 274 9500 SH SOLE 9500 0 0 Liberty Media - Starz A Common 53071M708 49935 913382 SH SOLE 836656 0 76726 Liberty Media Interactive A Common 53071M104 17613211511895 SH SOLE 10541437 0 970458 Lockheed Martin Corp. Common 539830109 1060 12738 SH SOLE 12738 0 0 Loews Corp. Common 540424108 187304350242576 SH SOLE 46274225 0 3968351 Markel Corp. Common 570535104 132005 352332 SH SOLE 322034 0 30298 Martin Marietta Materials, Inc. Common 573284106 521151 6237595 SH SOLE 5904570 0 333025 Masco Corp, 6.125 10/03/16 Bond 574599BD7 997210000000 SH SOLE 10000000 0 0 Masco Corp. Common 574599106 8814 567900 SH SOLE 567900 0 0 Mead Johnson Nutrition Common 582839106 255362 4907982 SH SOLE 4476361 0 431621 Merck & Co., Inc. Common 58933Y105 201150153855446 SH SOLE 49216320 0 4639126 Microsoft Corp. Common 594918104 156552453453660 SH SOLE 49040768 0 4412892 Millipore Corporation Common 601073109 1109 10500 SH SOLE 10500 0 0 Monsanto Co. Common 61166W101 325078 4551643 SH SOLE 4135445 0 416198 Moody's Corp. Common 615369105 57410719297717 SH SOLE 17758516 0 1539201 Nabors 0.94 Cpn Bond 629568AP1 2478 2500000 SH SOLE 2500000 0 0 Nabors Industries Ltd. Common G6359F103 9265 472000 SH SOLE 472000 0 0 Nestle SA ADR 641069406 2470 48145 SH SOLE 42050 0 6095 NetEase.com Inc. ADR 64110W102 21317 600146 SH SOLE 510586 0 89560 News America 02/28/21-06 Bond 652482AZ3 1073016050000 SH SOLE 16050000 0 0 News Corp. Common 65248E104 56289239062604 SH SOLE 35713884 0 3348720 Occidental Petroleum Corp. Common 674599105 266208831489090 SH SOLE 28663910 0 2825180 PACCAR Inc Common 693718108 96749 2232320 SH SOLE 2028310 0 204010 Pfizer Inc. Common 717081103 122969071702051 SH SOLE 65746689 0 5955362 Philip Morris International Inc. Common 718172109 64045412278639 SH SOLE 11287371 0 991268 Potash Corp Saskatchewan Inc. Foreign 73755L107 162368 1360433 SH SOLE 1257687 0 102746 Principal Financial Group, Inc. Common 74251V102 93830 3212247 SH SOLE 3059147 0 153100 Procter & Gamble Co. Common 742718109 122633319382532 SH SOLE 17858625 0 1523907 Progressive Corp. Common 743315103 156023081730227 SH SOLE 75131040 0 6599187 PROLOGIS TR SH BEN INT Common 743410102 509 38529 SH SOLE 37349 0 1180 Prologis, 2.25% 4/01/37 Bond 743410AQ5 995810240000 SH SOLE 7135000 0 3105000 Quanta Services, Inc. Common 74762E102 14241 743290 SH SOLE 743290 0 0 Reckson Operating 06/15/25 Bond 75621LAJ3 4963 5000000 SH SOLE 5000000 0 0 Regency Centers Corporation Common 758849103 73529 1962351 SH SOLE 354226 0 1608125 RenaissanceRe Holdings Ltd Common G7496G103 2527 44512 SH SOLE 33024 0 11488 Ryanair Holdings ADR 783513104 4111 151319 SH SOLE 151319 0 0 SAP AG ADR 803054204 24637 511465 SH SOLE 421176 0 90289 SBA Communications Corp Common 78388J106 15520 430269 SH SOLE 264201 0 166068 School Specialty Inc Common 807863105 2732 120000 SH SOLE 120000 0 0 School Specialty SCHS 3.75 Bond 807863AL9 8086 8500000 SH SOLE 8500000 0 0 School Specialty, Inc., Notes Bond 807863AE5 2210122101000 SH SOLE 22101000 0 0 Sealed Air Corp. Common 81211K100 123388458533385 SH SOLE 53461924 0 5071461 Shaw Group Inc. Common 820280105 28825 837459 SH SOLE 681724 0 155735 Sigma-Aldrich Corp. Common 826552101 42514 792283 SH SOLE 651189 0 141094 Simon Property Group Inc. Common 828806109 66861 796913 SH SOLE 103213 0 693700 SL GREEN RLTY Common 78440X101 628 10967 SH SOLE 10618 0 349 Spectra Energy Corp. Common 847560109 507 22500 SH SOLE 22500 0 0 T. Rowe Price Group, Inc. Common 74144T108 3807 69260 SH SOLE 69260 0 0 Taubman Centers, Inc. Common 876664103 93919 2352668 SH SOLE 219244 0 2133424 Tenaris S.A. - ADR ADR 88031M109 34662 807218 SH SOLE 682694 0 124524 Texas Instruments, Inc. Common 882508104 114919046963213 SH SOLE 42984223 0 3978990 The First Marblehead Corp. Common 320771108 5484 1930844 SH SOLE 1930844 0 0 The Hershey Co. Common 427866108 173439 4051366 SH SOLE 3737486 0 313880 The Sherwin Williams Co. Common 824348106 13612 201117 SH SOLE 158015 0 43102 Toronto Dominion Bank Foreign 891160509 268 3600 SH SOLE 3600 0 0 Transatlantic Holdings, Inc. Common 893521104 80320615212229 SH SOLE 14054363 0 1157866 Transocean Ltd. Common H8817H100 600868 6956102 SH SOLE 6297873 0 658229 Tyco International Ltd. Common H89128104 50299913150313 SH SOLE 12024398 0 1125915 Tyson Foods Inc 3.25 10/15/13 Bond 902494AP8 1790314000000 SH SOLE 14000000 0 0 Tyson Foods Inc. Common 902494103 10914 569900 SH SOLE 569900 0 0 UDR, Inc. Common 902653104 70396 3990681 SH SOLE 0 0 3990681 Unilever NV ADR 904784709 213035 7063510 SH SOLE 6488810 0 574700 United Parcel Service, Inc.,B Common 911312106 151290 2348857 SH SOLE 2142213 0 206644 United Rental NA 1 7/8 10/23-10 Bond 911365AH7 3683 3720000 SH SOLE 3720000 0 0 United Rentals Trust I, 6.50% Preferred 91136H306 3333 109741 SH SOLE 109741 0 0 United Rentals, Inc. Common 911363109 1876 200000 SH SOLE 200000 0 0 UnitedHealth Group Inc. Common 91324P102 7732 236685 SH SOLE 191016 0 45669 Universal Health Services, Inc Common 913903100 10878 310000 SH SOLE 310000 0 0 US Bankcorp Common 902973304 2925 113035 SH SOLE 113035 0 0 US Steel Corp. 4% 05/15/14 Bond 912909AE8 9456 4500000 SH SOLE 4500000 0 0 Vale SA-Sp Pref ADR ADR 91912E204 2069 74519 SH SOLE 74519 0 0 Valeant Pharm 4.00 11/15/13 Bond 91911XAD6 5431 3900000 SH SOLE 3900000 0 0 Ventas, Inc. Common 92276F100 110243 2321882 SH SOLE 386757 0 1935125 Visa Inc. Common 92826C839 206811 2271901 SH SOLE 2105506 0 166395 Vornado Realty Trust Common 929042109 79847 1054783 SH SOLE 188639 0 866144 Vornado Realty Trust, Pfd, Preferred 929042703 3927 175000 SH SOLE 0 0 175000 Vulcan Materials Corp. Common 929160109 394952 8360537 SH SOLE 7689548 0 670989 Waste Connections 3.75 4/1/26 Bond 941053AG5 5225 5000000 SH SOLE 5000000 0 0 Waste Connections Inc. Common 941053100 9848 290000 SH SOLE 290000 0 0 Wells Fargo & Co. Common 949746101 327403410520673 SH SOLE 96411484 0 8795248 Whole Foods Market Inc. Common 966837106 20851 576800 SH SOLE 576800 0 0 Yum! Brands, Inc. Common 988498101 46579 1215205 SH SOLE 991791 0 223414