13F-HR 1 sec13f093010-final.txt DAVIS SELECTED ADVISERS, L.P. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F-HR FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 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: Sharra Haynes Title: Chief Compliance Officer Phone: (520) 434-3735 Signature, Place, and Date of Signing: Sharra Haynes, Tucson, Arizona Nov 10, 2010 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: None FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Mangers: 0 Form 13F Information Table Entry Total: 176 Form 13F Information Table Value Total: $55.9 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 CALL Dscret Manager Sole Share None ------------------------------ ----------- --------- -------- -------- --- --- ------ ------ ------- ---- ------- ABB Limited ADR ADR 000375204 203309 9626383 SH SOLE 9010493 0 615890 Ace Limited Common H0023R105 9894 169860 SH SOLE 169860 0 0 Activision Blizzard, Inc. Common 00507V109 289151 26723798 SH SOLE 24676015 0 2047783 AES Corp. Common 00130H105 6616 582900 SH SOLE 582900 0 0 AES Trust III,6.75%,10/15/29 Preferred 00808N202 14088 288810 SH SOLE 288810 0 0 Agilent Technologies, Inc. Common 00846U101 646111 19362033 SH SOLE 17900532 0 1461501 Air Products & Chemicals, Inc Common 009158106 87129 1052028 SH SOLE 978148 0 73880 Alexander & Baldwin, Inc. Common 014482103 20796 596913 SH SOLE 371489 0 225424 Alexandria Real Estate Equities Common 015271109 106754 1525062 SH SOLE 309986 0 1215076 Allegheny Tech. 4.25 6/1/14 Bond 01741RAD4 12292 9055000 PRN SOLE 9055000 0 0 Altera Corp. Common 021441100 11073 367148 SH SOLE 325948 0 41200 Amazon.Com, Inc. Common 023135106 8101 51582 SH SOLE 50750 0 832 AMB Property Corp. Common 00163T109 6025 227605 SH SOLE 16945 0 210660 America Movil S.A.B. de C.V. ADR 02364W105 233141 4371674 SH SOLE 4054619 0 317055 American Campus Coms Inc. Common 024835100 124428 4087652 SH SOLE 757517 0 3330135 American Express Co. Common 025816109 2879355 68507149 SH SOLE 63785842 0 4721307 American Tower Corp Cl A Common 029912201 21182 413234 SH SOLE 267292 0 145942 Ameriprise Financial, Inc. Common 03076C106 555055 11727346 SH SOLE 11231569 0 495777 Aon Corp. Common 037389103 53830 1376385 SH SOLE 1281655 0 94730 Avon Products, Inc. Common 054303102 9986 310980 SH SOLE 310980 0 0 Banco Santander Brasil SA ADR 05967A107 11096 805812 SH SOLE 736991 0 68821 Bank of America Corp. Common 060505104 54850 4186233 SH SOLE 4036337 0 149896 Bank of New York Mellon Common 064058100 2086890 79865683 SH SOLE 74657969 0 5207714 Baxter International Inc. Common 071813109 489886 10267989 SH SOLE 9538044 0 729945 Becton, Dickinson and Co Common 075887109 605589 8172588 SH SOLE 7525334 0 647254 Bed Bath + Beyond Inc. Common 075896100 1018376 23459469 SH SOLE 21776071 0 1683398 Berkshire Hathaway Inc., A Common 084670108 1967972 15807 SH SOLE 15120 0 687 Berkshire Hathaway Inc., B Common 084670702 424069 5129042 SH SOLE 4276495 0 852547 Blount International, Inc. Common 095180105 23693 1861180 SH SOLE 1676688 0 184492 Boston Properties, Inc. Common 101121101 61063 734636 SH SOLE 150718 0 583918 Brookfield Asset Management Foreign 112585104 291152 10262675 SH SOLE 9502971 0 759704 Canadian Natural Resources Foreign 136385101 1638104 47344036 SH SOLE 44201887 0 3142149 Carefusion Corp. Common 14170T101 1171 47160 SH SOLE 47160 0 0 CarMax, Inc. Common 143130102 606106 21755437 SH SOLE 20225293 0 1530144 CBL & Associates Properties Common 124830100 24807 1899429 SH SOLE 359519 0 1539910 Cemex SA ADR 151290889 199 23400 SH SOLE 23400 0 0 Charles Schwab Corp. Common 808513105 43399 3122245 SH SOLE 2855486 0 266759 China Life Insurance, Co. ADR 16939P106 23701 398463 SH SOLE 398463 0 0 Cisco Systems, Inc. Common 17275R102 4346 198451 SH SOLE 166272 0 32179 Citigroup Inc. Common 172967101 2882 737060 SH SOLE 737060 0 0 Citigroup Inc. 7.5% 12/15/12 Preferred 172967416 14165 120000 SH SOLE 120000 0 0 Clark Holdings, Inc. Common 18145M109 430 1493715 SH SOLE 1493715 0 0 CME Group Inc. Common 12572Q105 388 1489 SH SOLE 1489 0 0 CNINSURE Inc. ADR 18976M103 1991 85680 SH SOLE 85680 0 0 Coca Cola Co. Common 191216100 1145256 19570341 SH SOLE 18219293 0 1351048 Cogdell Spencer, Inc. Common 19238U107 12953 2049486 SH SOLE 1047055 0 1002431 Colgate-Palmolive Co. Common 194162103 431 5612 SH SOLE 5200 0 412 ConocoPhillips Common 20825C104 21595 376023 SH SOLE 374886 0 1137 Corporate Office Properties Trust Common 22002T108 85209 2283803 SH SOLE 413557 0 1870246 Costco Wholesale Corp. Common 22160K105 2884562 44728826 SH SOLE 41310418 0 3418408 Crown Castle Int'l Corp Common 228227104 21056 476921 SH SOLE 297711 0 179210 CVS Caremark Corp. Common 126650100 2201618 69959264 SH SOLE 64715312 0 5243952 D & B Corp. Common 26483E100 561913 7579077 SH SOLE 7259806 0 319271 DCT Industrial Trust Inc. Common 233153105 73829 15413110 SH SOLE 2640001 0 12773109 Devon Energy Corp. Common 25179M103 1830505 28274719 SH SOLE 26155515 0 2119204 Diageo PLC - ADR ADR 25243Q205 320483 4644013 SH SOLE 3749917 0 894096 Digital Realty Trust Inc. Common 253868103 115792 1876698 SH SOLE 353558 0 1523140 Disney Walt Holdings Common 254687106 132389 3999673 SH SOLE 3660541 0 339132 Douglas Emmett, Inc. Common 25960P109 66143 3777434 SH SOLE 973214 0 2804220 DuPont Fabros Tech Inc. Common 26613Q106 71828 2855986 SH SOLE 551999 0 2303987 Eastgroup Properties, Inc. Common 277276101 8184 218943 SH SOLE 132627 0 86316 Entertainment Properties Trust Common 29380T105 80531 1865004 SH SOLE 230230 0 1634774 EOG Resources, Inc. Common 26875P101 2174949 23394094 SH SOLE 21631641 0 1762453 Equity Residential - COM Common 29476L107 420 8836 SH SOLE 8658 0 178 Equity Residential - Series E Preferred 29476L883 3293 63200 SH SOLE 49600 0 13600 Essex Property Trust, Inc. Common 297178105 83647 764319 SH SOLE 130519 0 633800 Everest Re Group, Ltd. Common G3223R108 94249 1089962 SH SOLE 1050265 0 39697 Express Scripts Inc - Class A Common 302182100 1121307 23024793 SH SOLE 21384324 0 1640469 Fairchild Semiconductor Intl Common 303726103 4833 514197 SH SOLE 514197 0 0 Federal Realty Investment Trust Common 313747206 76923 941992 SH SOLE 181898 0 760094 Forest City Enterprises Inc. - A Common 345550107 40392 3148273 SH SOLE 1932617 0 1215656 Freeport-McMoRan Copper & Gold Common 35671D857 9406 110157 SH SOLE 110157 0 0 General Electric Co. Common 369604103 7197 442900 SH SOLE 442900 0 0 Goldman Sachs Group Inc. Common 38141G104 329826 2281269 SH SOLE 2135458 0 145811 Google Inc. Class A Common 38259P508 819995 1559548 SH SOLE 1434558 0 124990 Grupo Televisa SA ADR 40049J206 282188 14914777 SH SOLE 13713915 0 1200862 H & R Block, Inc. Common 093671105 1574 121572 SH SOLE 106792 0 14780 Harley-Davidson, Inc. Common 412822108 728754 25624279 SH SOLE 23785663 0 1838616 Harris Corporation Common 413875105 15813 357026 SH SOLE 302542 0 54484 Hewlett Packard Co. Common 428236103 634246 15075979 SH SOLE 13997067 0 1078912 Highwoods Properties Inc. Common 431284108 82660 2545730 SH SOLE 344637 0 2201093 Hunter Douglas N.V. Foreign 5291810 98502 2450167 SH SOLE 2293695 0 156472 ICICI Bank Limited ADR 45104G104 9686 194300 SH SOLE 194300 0 0 IDEXX Laboratories, Inc. Common 45168D104 34813 564052 SH SOLE 496113 0 67939 Intel Corp 2.95 12/15/2035 Bond 458140AD2 9393 9500000 PRN SOLE 9500000 0 0 Intel Corp. Common 458140100 1569 81738 SH SOLE 81738 0 0 IBM Common 459200101 8407 62671 SH SOLE 55065 0 7606 International Rectifier Corp. Common 460254105 6175 292800 SH SOLE 292800 0 0 Iron Mountain Inc. Common 462846106 901290 40344246 SH SOLE 37236332 0 3107914 Janus Capital GR JNS3.25 Bond 47102XAG0 285 250000 PRN SOLE 250000 0 0 Johnson & Johnson Common 478160104 1642207 26504307 SH SOLE 24495767 0 2008540 Johnson Controls, Inc. Common 478366107 2302 75469 SH SOLE 62266 0 13203 JPMorgan Chase & Co. Common 46625H100 80477 2114485 SH SOLE 1993256 0 121229 Kohls Corp. Common 500255104 19312 366600 SH SOLE 366600 0 0 Laboratory Corp of America Common 50540R409 1118 14250 SH SOLE 14250 0 0 LaSalle Hotel Properties Common 517942108 36382 1555438 SH SOLE 276204 0 1279234 Level 3 Communications,15% 1/15/201 Bond 52729NBM1 44900 40000000 PRN SOLE 40000000 0 0 Liberty Media - Starz A Common 53071M708 58952 907930 SH SOLE 840074 0 67856 Liberty Media Interactive A Common 53071M104 156223 11394845 SH SOLE 10542647 0 852198 Liberty Property Trust Common 531172104 6380 200000 SH SOLE 0 0 200000 Lockheed Martin Corp. Common 539830109 177724 2493328 SH SOLE 2327249 0 166079 Loews Corp. Common 540424108 2006328 52937423 SH SOLE 49350476 0 3586947 Markel Corp. Common 570535104 117819 341911 SH SOLE 319410 0 22501 Martin Marietta Materials, Inc. Common 573284106 473332 6149565 SH SOLE 5823060 0 326505 Masco Corp. Common 574599106 6160 559500 SH SOLE 559500 0 0 Mead Johnson Nutrition Common 582839106 219554 3857908 SH SOLE 3556871 0 301037 Merck & Co., Inc. Common 58933Y105 1843676 50086276 SH SOLE 46304974 0 3781302 Microsoft Corp. Common 594918104 757382 30926178 SH SOLE 28624807 0 2301371 Monsanto Co. Common 61166W101 351803 7339931 SH SOLE 6848399 0 491532 Moody's Corp. Common 615369105 437663 17520529 SH SOLE 16366659 0 1153870 Nabors 0.94 Cpn Conv. Bond 629568AP1 2478 2500000 PRN SOLE 2500000 0 0 Nabors Industries Ltd. Common G6359F103 9433 522300 SH SOLE 522300 0 0 NetEase.com Inc. ADR 64110W102 21690 549939 SH SOLE 490646 0 59293 News Corp., Class A Common 65248E104 234812 17979465 SH SOLE 17144869 0 834596 Occidental Petroleum Corp. Common 674599105 2128637 27185654 SH SOLE 25211853 0 1973801 PACCAR Inc Common 693718108 699 14510 SH SOLE 14510 0 0 Pfizer Inc. Common 717081103 1196122 69663507 SH SOLE 64621376 0 5042131 Philip Morris International Inc. Common 718172109 680060 12139588 SH SOLE 11267038 0 872550 Plum Creek Timber Company, Inc. Common 729251108 9178 260000 SH SOLE 0 0 260000 Potash Corp Saskatchewan Inc. Foreign 73755L107 282116 1958593 SH SOLE 1841340 0 117253 Praxair, Inc. Common 74005P104 182661 2023725 SH SOLE 1904995 0 118730 Procter & Gamble Co. Common 742718109 1009505 16833503 SH SOLE 15632761 0 1200742 Progressive Corp. Common 743315103 1653970 79251075 SH SOLE 73482057 0 5769018 Quanta Services, Inc. Common 74762E102 14922 782090 SH SOLE 782090 0 0 Regency Centers Corporation Common 758849103 70840 1794793 SH SOLE 392183 0 1402610 RenaissanceRe Holdings Ltd Common G7496G103 2053 34235 SH SOLE 27930 0 6305 Ryanair Holdings PLC ADR 783513104 4609 149599 SH SOLE 149599 0 0 SAP AG ADR 803054204 23006 466568 SH SOLE 409087 0 57481 SBA Communications Corp. Common 78388J106 19779 490795 SH SOLE 297678 0 193117 Schlumberger Ltd. Common 806857108 92790 1506085 SH SOLE 1406600 0 99485 School Specialty Inc. Common 807863105 6244 479564 SH SOLE 479564 0 0 School Specialty SCHS 3.75 Bond 807863AL9 11155 11500000 PRN SOLE 11500000 0 0 Sealed Air Corp. Common 81211K100 1241121 55209988 SH SOLE 50964350 0 4245638 Shaw Group Inc. Common 820280105 25483 759333 SH SOLE 660850 0 98483 Sigma-Aldrich Corp. Common 826552101 43783 725123 SH SOLE 634573 0 90550 Simon Property Group Inc. Common 828806109 58381 629509 SH SOLE 105128 0 524381 Sinovac Biotech Ltd. Foreign P8696W104 4066 1045300 SH SOLE 1045300 0 0 SL Green Realty Corp. Common 78440X101 927 14643 SH SOLE 14062 0 581 Spectra Energy Corp. Common 847560109 507 22500 SH SOLE 22500 0 0 T. Rowe Price Group, Inc. Common 74144T108 3468 69260 SH SOLE 69260 0 0 Taubman Centers, Inc. Common 876664103 75195 1685613 SH SOLE 112457 0 1573156 Tenaris S.A. - ADR ADR 88031M109 29225 760682 SH SOLE 681767 0 78915 Texas Instruments, Inc. Common 882508104 1214866 44762934 SH SOLE 41454357 0 3308577 The First Marblehead Corp. Common 320771108 4518 1930844 SH SOLE 1930844 0 0 The Hershey Co. Common 427866108 170006 3572296 SH SOLE 3306821 0 265475 The Sherwin Williams Co. Common 824348106 17214 229088 SH SOLE 201126 0 27962 Toll Brothers, Inc. Common 889478103 5756 302637 SH SOLE 213477 0 89160 Toronto Dominion Bank Foreign 891160509 260 3600 SH SOLE 3600 0 0 Transatlantic Holdings, Inc. Common 893521104 740662 14574218 SH SOLE 13598815 0 975403 Transocean Inc. Series C Bond 893830AW9 12431 13000000 PRN SOLE 13000000 0 0 Transocean Ltd. Common H8817H100 447719 6964059 SH SOLE 6416192 0 547867 Tyco International Ltd. Common H89128104 385260 10488962 SH SOLE 9757529 0 731433 Tyson Foods Inc 3.25 10/15/13 Bond 902494AP8 16503 14000000 PRN SOLE 14000000 0 0 Tyson Foods Inc. Common 902494103 6014 375400 SH SOLE 375400 0 0 UDR, Inc. Common 902653104 62217 2945897 SH SOLE 270021 0 2675876 Unilever NV ADR 904784709 208219 6968499 SH SOLE 6465309 0 503190 United Rental 4% CV Bond 911363AL3 4080 2700000 PRN SOLE 2700000 0 0 United Rental NA 1 7/8 10/23/10 Bond 911365AH7 3701 3720000 PRN SOLE 3720000 0 0 Universal Health Services, Inc. Common 913903100 11269 290000 SH SOLE 290000 0 0 US Bankcorp Common 902973304 5032 232760 SH SOLE 230170 0 2590 US Steel Corp. 4% 05/15/14 Bond 912909AE8 9409 6100000 PRN SOLE 6100000 0 0 Vale SA-Sp Pref ADR ADR 91912E204 2340 84309 SH SOLE 84309 0 0 Valeant Pharm 4.00 11/15/13 Bond 91911XAD6 7454 3900000 PRN SOLE 3900000 0 0 Ventas, Inc. Common 92276F100 85837 1664483 SH SOLE 237963 0 1426520 Visa Inc. Common 92826C839 168995 2275715 SH SOLE 2127270 0 148445 Vornado Realty Trust Common 929042109 74027 865508 SH SOLE 172126 0 693382 Vulcan Materials Corp. Common 929160109 163625 4431873 SH SOLE 4107946 0 323927 W.R. Berkley Corp. Common 084423102 497 18350 SH SOLE 18350 0 0 Waste Connections Inc. Common 941053100 11335 285800 SH SOLE 285800 0 0 Wells Fargo & Co. Common 949746101 2476957 98624597 SH SOLE 91332742 0 7291855 Wells Fargo & Co. Warrants Warrant 949746119 3039 385700 SH SOLE 385700 0 0 Western Union Company Common 959802109 4097 231890 SH SOLE 231890 0 0 Whole Foods Market Inc. Common 966837106 12213 329100 SH SOLE 329100 0 0 Wynn Resorts, Ltd. Common 983134107 215 2476 SH SOLE 2476 0 0 Yum! Brands, Inc. Common 988498101 50734 1101482 SH SOLE 960466 0 141016