13F-HR/A 1 x13f093007amend3.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F-HR/A FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2007 Check here if Amendment [X]; Amendment Number:3 This Amendment (Check only one.): [X] 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 11,2008 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: 247 Form 13F Information Table Value Total: $81,300,252 List of Other Included Managers: None 09/30/2007 FORM 13F INFORMATION TABLE Value Shares SH/PutInvst Other Voting Authority Name Of Issuer Title of Class CUSIP (x$1000) Prn Amt PRNCalDscrt Mgrs Sole Shared None ---------------------------- ------------- --------- -------- -------- ----- ----- ------ -------- ----- ------- 21st Century Insurance Common Stock 90130N103 403 18300SH SOLE 18300 0 0 3M Company Common Stock 88579Y101 608 6500SH SOLE 6500 0 0 A.G. Edwards Inc Common Stock 281760108 484 5785SH SOLE 5785 0 0 AES Corp. Common Stock 00130H105 11637 580700SH SOLE 580700 0 0 AES Trust III,6.75%,10/15/29 Preferred Stock 00808N202 13224 271310SH SOLE 271310 0 0 AFLAC, Inc. Common Stock 001055102 11276 403958SH SOLE 360642 0 43316 Agere Systems AGR6 1/2 Corporate Bond 00845VAA8 5050 5000000SH SOLE 5000000 0 0 Agilent Technologies, Inc. Common Stock 00846U101 430359 12843551SH SOLE 12596928 0 246623 Alexander & Baldwin, Inc. Common Stock 014482103 36936 806830SH SOLE 792124 0 14706 Alexandria Real Estate Equities Common Stock 015271109 217651 2334297SH SOLE 2318920 0 15377 Alleghany Corp Common Stock 017175100 1804 4443SH SOLE 4443 0 0 Allstate Corp Common Stock 020002101 1112 19436SH SOLE 19436 0 0 Alltel Corp Common Stock 020039103 572 8214SH SOLE 8214 0 0 Altria Group Incorporated Common Stock 02209S103 2816229 47022941SH SOLE 45653922 0 1369019 Amazon 4.75%, 2/1/09 Corporate Bond 023135AF3 20931 17000000SH SOLE 17000000 0 0 Amazon.Com, Inc. Common Stock 023135106 768281 8247780SH SOLE 8247780 0 0 AMB Property Corp. Common Stock 00163T109 79294 1325761SH SOLE 1325761 0 0 Ambac Financial Group Inc. Common Stock 023139108 377904 6506767SH SOLE 6401827 0 104940 America Movil S.A.B. de C.V Foreign - ADR 02364W105 2169 33883SH SOLE 33883 0 0 American Campus Comm Common Stock 024835100 43789 1590384SH SOLE 1570353 0 20031 American Express Co. Common Stock 025816109 4150622 80288250SH SOLE 78109049 0 2179201 AIG Inc. Common Stock 026874107 3597573 61259279SH SOLE 59562463 0 1696816 American Standard Comp Common Stock 029712106 18636 1304867SH SOLE 1140715 0 164152 American Tower Corp Cl A Common Stock 029912201 11081 635352SH SOLE 555373 0 79979 Ameriprise Financial, Inc. Common Stock 03076C106 1088229 20116116SH SOLE 19512841 0 603275 Amgen 0.125 Coupon CB Corporate Bond 031162AN0 7430 8000000SH SOLE 8000000 0 0 Amgen Inc Common Stock 031162100 577 10200SH SOLE 10200 0 0 Aon Corp. Common Stock 037389103 637050 16706257SH SOLE 16183447 0 522810 Apartment Invest & Manage Common Stock 03748R101 68738 1523100SH SOLE 1523100 0 0 Archstone-Smith Trust Common Stock 039583109 34701 595810SH SOLE 591860 0 3950 Autozone 5.5 11/15/2015 Corporate Bond 053332AF9 1850 1900000SH SOLE 1900000 0 0 Autozone Incorporated Common Stock 053332102 8467 72900SH SOLE 72900 0 0 Avalonbay Communities Common Stock 053484101 87116 768715SH SOLE 762244 0 6471 Avon Products 4.2 07/15/18 Corporate Bond 054303AR3 5380 6000000SH SOLE 6000000 0 0 Avon Products, Inc. Common Stock 054303102 354408 9443332SH SOLE 9443332 0 0 Axis Capital Holdings Limited Common Stock G0692U109 5125 131714SH SOLE 131714 0 0 Bank of America Corp. Common Stock 060505104 1734 34502SH SOLE 34502 0 0 Bank of New York Mellon Common Stock 064058100 1560125 38236006SH SOLE 37628877 0 607129 Bed Bath + Beyond Inc. Common Stock 075896100 533745 16022312SH SOLE 15942690 0 79622 Berkshire Hathaway Inc., A Common Stock 084670108 2423885 20453SH SOLE 20445 0 8 Berkshire Hathaway Inc., B Common Stock 084670207 237009 190378SH SOLE 162993 0 27385 Blount International, Inc. Common Stock 095180105 18042 3732217SH SOLE 3281969 0 450248 Boston Properties, Inc. Common Stock 101121101 148436 1475477SH SOLE 1465642 0 9835 BP Amoco PLC - ADR Foreign - ADR 055622104 1179 17000SH SOLE 17000 0 0 Brown & Brown, Inc. Common Stock 115236101 24360 2305356SH SOLE 2015742 0 289614 Burlington Northern Santa Fe IncCommon Stock 12189T104 37679 510187SH SOLE 500530 0 9657 Canadian Natural Resources Ltd. Foreign Stock 136385101 963699 12722100SH SOLE 12722100 0 0 Capital One Financial Corp. Common Stock 14040H105 213 3200SH SOLE 3200 0 0 Cardinal Health Inc. Common Stock 14149Y108 572807 11214482SH SOLE 10783150 0 431332 CarMax, Inc. Common Stock 143130102 408689 22025316SH SOLE 21621573 0 403743 CBL & Associates Properties, IncCommon Stock 124830100 93815 2676614SH SOLE 2676614 0 0 China Life Insurance, Co. Foreign - ADR 16939P106 56402 654163SH SOLE 654163 0 0 Chubb Corp. Common Stock 171232101 267779 4992144SH SOLE 4992144 0 0 Chunghwa Telecom Co., Foreign - ADR 17133Q205 443 23960SH SOLE 23960 0 0 Cisco Systems, Inc. Common Stock 17275R102 3475 104900SH SOLE 104900 0 0 Citigroup Inc. Common Stock 172967101 1499265 37554122SH SOLE 36413969 0 1140153 CNA Financial Corporation Common Stock 126117100 522 13268SH SOLE 13268 0 0 Coach Inc. Common Stock 189754104 473 10000SH SOLE 10000 0 0 Coca Cola Co Common Stock 191216100 19540 340000SH SOLE 340000 0 0 Comcast Corp - Special A Common Stock 20030N200 1858734 94109373SH SOLE 90637549 0 3471824 Commerce Bancorp, Inc. Common Stock 200519106 734537 19899674SH SOLE 19698380 0 201294 Companhia Vale do Rio Doce Foreign - ADR 204412100 2620 92100SH SOLE 92100 0 0 ConocoPhillips Common Stock 20825C104 4328162 56568118SH SOLE 55044448 0 1523670 Continental Airlines Fin Trt I Preferred Stock 210796306 6170 161300SH SOLE 161300 0 0 Convera Corp Common Stock 211919105 6000 1538338SH SOLE 1538338 0 0 Corporate Data Sciences, Inc. Common Stock 219884103 1 20552SH SOLE 20552 0 0 Corporate Office Properties TrusCommon Stock 22002T108 171069 4223027SH SOLE 4199141 0 23886 Costco Wholesale Corp. Common Stock 22160K105 3208137 61750992SH SOLE 59761105 0 1989887 Cousins Properties, Inc. Common Stock 222795106 84660 3062781SH SOLE 3025132 0 37649 Covad Communications Group, Inc.Common Stock 222814204 2777 10626374SH SOLE 9265296 0 1361078 Covidien Ltd. Common Stock G2552X108 1123423 31715792SH SOLE 30740268 0 975524 CVS Caremark Corp. Common Stock 126650100 1115604 32789218SH SOLE 31815087 0 974131 D & B Corp. Common Stock 26483E100 836970 9041588SH SOLE 8925267 0 116321 DCT Industrial Trust Inc Common Stock 233153105 47470 4735993SH SOLE 4693553 0 42440 Dell Inc. Common Stock 24702R101 938832 38677608SH SOLE 37698596 0 979012 Developers Diversified Common Stock 251591103 89448 1601000SH SOLE 1601000 0 0 Devon Energy Corp. Common Stock 25179M103 2012296 28322576SH SOLE 27453946 0 868630 Diageo PLC - ADR Foreign - ADR 25243Q205 268559 5212149SH SOLE 4760450 0 451699 Discover Financial Services Common Stock 254709108 108647 6290295SH SOLE 6066246 0 224049 Disney Walt Holdings Common Stock 254687106 16691 762568SH SOLE 704352 0 58216 Duke Realty Corp Common Stock 264411505 131686 4008534SH SOLE 3984664 0 23870 EOG Resources, Inc. Common Stock 26875P101 1451910 23739732SH SOLE 22969805 0 769927 Equity Residential - Series E Preferred Stock 29476L883 2973 63200SH SOLE 63200 0 0 Essex Property Trust, Inc. Common Stock 297178105 114714 1006688SH SOLE 1000183 0 6505 ETRADE Financial Corp. Common Stock 269246104 213322 19731005SH SOLE 19020265 0 710740 Everest Re Group, Ltd. Common Stock G3223R108 122354 1212033SH SOLE 1190583 0 21450 Expedia Inc. Common Stock 30212P105 131320 4119185SH SOLE 4119185 0 0 Express Scripts Inc - Class A Common Stock 302182100 535007 9584500SH SOLE 9584500 0 0 Fairchild Semi 5% 11/1/2008 Corporate Bond 303727AJ0 5181 5260000SH SOLE 5260000 0 0 Fairchild Semiconductor Inter Common Stock 303726103 6312 337900SH SOLE 337900 0 0 First Industrial Realty Trust, Common Stock 32054K103 27990 720100SH SOLE 720100 0 0 First Potomac Realty Trust Common Stock 33610F109 38312 1838598SH SOLE 1821554 0 17044 Fiserv, Inc. Common Stock 337738108 3027 152944SH SOLE 133323 0 19621 Forest City Ent FCE 3.625 Corporate Bond 345550AH0 16362 16000000SH SOLE 1600000 0 0 Forest City Enterprises - A Common Stock 345550107 88713 1767173SH SOLE 1733806 0 33367 FPIC Insurance Group, Inc. Common Stock 302563101 21861 603003SH SOLE 583012 0 19991 Franklin Electric Co., Inc. Common Stock 353514102 14392 951360SH SOLE 825091 0 126269 Gannett Co., Inc. Common Stock 364730101 122089 2793790SH SOLE 2793790 0 0 Garmin Ltd. Common Stock G37260109 115431 2368078SH SOLE 2073801 0 294277 General Electric Co Common Stock 369604103 71640 1730436SH SOLE 1715109 0 15327 General Growth Prop 3.98 4/15/27Corporate Bond 36170XAA3 45620 50548000SH SOLE 50548000 0 0 General Growth Properties Inc. Common Stock 370021107 199327 3847526SH SOLE 3820201 0 27325 Global Logistics Acquisition CorCommon Stock 379414105 234 30200SH SOLE 30200 0 0 Goldman Sachs Group Inc. Common Stock 38141G104 15475 71400SH SOLE 71400 0 0 Google Inc. Class A Common Stock 38259P508 616424 1197417SH SOLE 1174156 0 23261 Groupo Televisa SA-Spons - GDR Foreign - ADR 40049J206 25020 1761266SH SOLE 1608784 0 152482 H & R Block, Inc. Common Stock 093671105 812377 44894445SH SOLE 43521342 0 1373103 Harley-Davidson, Inc. Common Stock 412822108 899956 23793136SH SOLE 22886403 0 906733 Hewlett Packard Co. Common Stock 428236103 562703 11301520SH SOLE 11301520 0 0 Highwoods Properties Inc Common Stock 431284108 92144 2512789SH SOLE 2512789 0 0 Home Depot Inc Common Stock 437076102 626 19300SH SOLE 19300 0 0 Host Hotels & RE HST 2.625% 4/15Corporate Bond 44107TAE6 19377 21500000SH SOLE 21500000 0 0 Host Hotels & Resorts Inc. Common Stock 44107P104 118519 5420002SH SOLE 5390938 0 29064 HSBC Holdings PLC Foreign - ADR 404280406 493980 5334554SH SOLE 4462916 0 871638 ICICI Bank Limited Foreign - ADR 45104G104 5319 100900SH SOLE 100900 0 0 IDEXX Laboratories, Inc. Common Stock 45168D104 21246 484141SH SOLE 423184 0 60957 Ing Groep N.V.-Sponsored ADR Foreign - ADR 456837103 1152 25990SH SOLE 25990 0 0 Intel Corp 2.95 12/15/2035 Corporate Bond 458140AD2 33120 32000000SH SOLE 32000000 0 0 International Business Machines Common Stock 459200101 2913 24728SH SOLE 24728 0 0 International Rectifier Corp. Common Stock 460254105 9788 296700SH SOLE 296700 0 0 Iron Mountain Inc. Common Stock 462846106 1023286 40539020SH SOLE 39076025 0 1462995 JC Penney (Holding Co) Inc. Common Stock 708160106 11429 180350SH SOLE 180350 0 0 JDS Uniphase Conv Bond 11/15/201Corporate Bond 46612JAB7 17390 18500000SH SOLE 18500000 0 0 Johnson & Johnson Common Stock 478160104 33797 1126763SH SOLE 998171 0 128592 JPMorgan Chase & Co. Common Stock 46625H100 2889099 74421088SH SOLE 72033839 0 2387249 Kimco Realty Corp. Common Stock 49446R109 188018 4287371SH SOLE 4260363 0 27008 Kohls Corp Common Stock 500255104 23930 417400SH SOLE 417400 0 0 Kohls Corp Bond Corporate Bond 500255AP9 9990 10000000SH SOLE 10000000 0 0 Koninklijke Philips Electronics+Foreign - ADR 500472303 2117 47111SH SOLE 47111 0 0 Legg Mason, Inc. Common Stock 524901105 17769 510613SH SOLE 447654 0 62959 Lehman Cnv/Exch Note Corporate Bond 524908MC1 26612 12400000SH SOLE 12400000 0 0 Level 3 Communications, 10% 5/1Corporate Bond 52729NBE9 152750100000000SH SOLE 100000000 0 0 Liberty Global, Inc. -Class C Foreign Stock 530555309 891 23053SH SOLE 23053 0 0 Liberty Media Capital Series A Common Stock 53071M302 262396 2102030SH SOLE 2102030 0 0 Liberty Media Interactive Ser A Common Stock 53071M104 201929 10511645SH SOLE 10511645 0 0 Liberty Property Trust Common Stock 531172104 80055 1990935SH SOLE 1990935 0 0 Lincare Holdings Inc. Common Stock 532791100 21383 1044358SH SOLE 947567 0 96791 Loews Corp. Common Stock 540424108 1908670 46014338SH SOLE 44641311 0 1373027 Lowes Cos Inc. Common Stock 548661107 326499 12234489SH SOLE 12112242 0 122247 M B I A Inc Common Stock 55262C100 12234 481021SH SOLE 422091 0 58930 Macerich Co Common Stock 554382101 175965 2009191SH SOLE 2009191 0 0 Markel Corp. Common Stock 570535104 171182 499842SH SOLE 469148 0 30694 Martin Marietta Materials, Inc. Common Stock 573284106 860473 6443080SH SOLE 6443080 0 0 Masco Corp, 6.125 10/03/16 Corporate Bond 574599BD7 11713 12000000SH SOLE 12000000 0 0 Masco Corp. Common Stock 574599106 12174 525400SH SOLE 525400 0 0 Mercury General Corp. Common Stock 589400100 1941 36000SH SOLE 36000 0 0 Merrill Lynch & Co Inc Common Stock 590188108 118335 1660144SH SOLE 1660144 0 0 Microsoft Corp. Common Stock 594918104 1748352 70154626SH SOLE 67884949 0 2269677 Millea Holdings, Inc. ADR Foreign - ADR 60032R106 864 62950SH SOLE 54246 0 8704 MMA 2.26% 6/30/08 Corporate Bond MMA 06083 100 100000SH SOLE 100000 0 0 MMA CMNTY Dev Investments Below Corporate Bond 55399AEK2 1695 1695000SH SOLE 1695000 0 0 MMA CMNTY Dev Investments Near MCorporate Bond 55399AEL0 2570 2570000SH SOLE 2570000 0 0 Mohawk Industries Inc. Common Stock 608190104 145 1778SH SOLE 1778 0 0 Molex Inc., Class A Common Stock 608554200 2946 1623372SH SOLE 1306862 0 316510 Monsanto Co. Common Stock 61166W101 1715 20000SH SOLE 20000 0 0 Moody's Corp. Common Stock 615369105 809555 18727245SH SOLE 18167668 0 559576 Morgan Stanley Common Stock 617446448 407985 6475949SH SOLE 6475949 0 0 Nabors 0.94 Cpn Conv Bond Corporate Bond 629568AP1 35474 37000000SH SOLE 37000000 0 0 Netflix Inc Common Stock 64110L106 46985 5370124SH SOLE 4717909 0 652215 New America Inc. NCPO 02/28/21Corporate Bond 652482AZ3 9530 16050000SH SOLE 16050000 0 0 News Corp., Class A shares Common Stock 65248E104 1411212 74388127SH SOLE 72243405 0 2144722 News Corp., Class B Shares Common Stock 65248E203 2690 115000SH SOLE 115000 0 0 Nokia Oyj Corp. - ADR Foreign - ADR 654902204 1002 26410SH SOLE 26410 0 0 Nymex Holdings, Inc. Common Stock 62948N104 1601 12300SH SOLE 12300 0 0 Occidental Petroleum Corp. Common Stock 674599105 1632824 31266313SH SOLE 30051401 0 1214912 Occidental Petroleum 6.75 01/15/Corporate Bond 674599BV6 1376 1300000SH SOLE 1300000 0 0 Old Republic International Inc. Common Stock 680223104 693 36990SH SOLE 36990 0 0 Omnicare Inc Common Stock 681904108 38009 2651532SH SOLE 2335639 0 315893 Plum Creek Timber Company, Inc. Common Stock 729251108 42479 949038SH SOLE 949038 0 0 Power Corp. of Canada Foreign Stock 739239101 31384 783150SH SOLE 783150 0 0 Principal Financial Group, Inc. Common Stock 74251V102 270693 4290590SH SOLE 4290590 0 0 Procter & Gamble Co. Common Stock 742718109 1189075 19026662SH SOLE 18581044 0 445618 Progressive Corp. Common Stock 743315103 1316919 79656810SH SOLE 77176842 0 2479968 ProLogis Common Stock 743410102 88285 1385406SH SOLE 1373897 0 11509 Prologis, 2.25% Conv. Bond Corporate Bond 743410AP7 51250 50307000SH SOLE 50307000 0 0 Public Storage, Inc Common Stock 74460D109 30115 382900SH SOLE 382900 0 0 Quanta Services 4.5%, 10/1/2023 Corporate Bond 74762EAC6 20528 8500000SH SOLE 8500000 0 0 Quanta Services, Inc. Common Stock 74762E102 1262 47700SH SOLE 47700 0 0 Reckson Operating SLG4 06/15/25 Corporate Bond 75621LAJ3 18833 18000000SH SOLE 18000000 0 0 Regency Centers Corporation Common Stock 758849103 104271 1423108SH SOLE 1409557 0 13551 RenaissanceRe Holdings Ltd Common Stock G7496G103 12494 406259SH SOLE 361056 0 45203 RHJ Intl Foreign - ADR 749561205 7190 396550SH SOLE 396550 0 0 Ryanair Holdings PLC ADR Foreign - ADR 783513104 1426 34350SH SOLE 34350 0 0 Safeco Corp. Common Stock 786429100 1841 30080SH SOLE 30080 0 0 SAP AG - ADR Foreign - ADR 803054204 10737 183000SH SOLE 183000 0 0 Schlumberger Ltd Common Stock 806857108 1260 12000SH SOLE 12000 0 0 School Specialty Inc Common Stock 807863105 3117 90000SH SOLE 90000 0 0 School Specialty SCHS 3.75 Corporate Bond 807863AL9 8096 8500000SH SOLE 8500000 0 0 School Specialty, Inc., Conv. Corporate Bond 807863AE5 15730 15710000SH SOLE 15710000 0 0 Sealed Air Corp. Common Stock 81211K100 1263705 58871855SH SOLE 56891315 0 1980540 Sealed Air Corp. 3% CB 06/30/33 Corporate Bond 81211KAG5 12893 13500000SH SOLE 13500000 0 0 Sears Holdings Corp. Common Stock 812350106 228235 1794300SH SOLE 1794300 0 0 Selective Insurance Group Inc Common Stock 816300107 2224 104519SH SOLE 104519 0 0 Shaw Group Inc Common Stock 820280105 14781 578304SH SOLE 510284 0 68020 Sigma-Aldrich Corp. Common Stock 826552101 20054 1044909SH SOLE 911881 0 133028 SK Telecom Co., Ltd. - ADR Foreign - ADR 78440P108 426500 15038437SH SOLE 14896023 0 142414 SL Green Realty Corp Common Stock 78440X101 130484 1155347SH SOLE 1147387 0 7960 SL Green Realty, 3% Conv. Bond Corporate Bond 78444FAA4 1809 1969000SH SOLE 1969000 0 0 Sprint Nextel Corp. Common Stock 852061100 787765 50588453SH SOLE 48671759 0 1916694 State Street Corp. Common Stock 857477103 203000 2978280SH SOLE 2978280 0 0 Sun Life Financial Inc. Foreign Stock 866796105 129963 2477840SH SOLE 2477840 0 0 Suntrust Banks Inc. Common Stock 867914103 1135 15000SH SOLE 15000 0 0 T. Rowe Price Group, Inc. Common Stock 74144T108 3263 58600SH SOLE 58600 0 0 Target Corp Common Stock 87612E106 7011 281935SH SOLE 245890 0 36045 Taubman Centers, Inc. Common Stock 876664103 37192 746320SH SOLE 732246 0 14074 TCF Financial Corp Common Stock 872275102 3477 132800SH SOLE 132800 0 0 Tenaris S.A. - ADR Foreign - ADR 88031M109 17385 759433SH SOLE 669335 0 90098 Texas Instruments, Inc. Common Stock 882508104 373041 10195167SH SOLE 9880766 0 314401 The First Marblehead Corp. Common Stock 320771108 67589 1781950SH SOLE 1781950 0 0 The Hershey Co. Common Stock 427866108 409797 8829930SH SOLE 8829930 0 0 The St Joe Company Common Stock 790148100 14029 458897SH SOLE 450183 0 8714 Thermo Fisher Scientific Inc Common Stock 883556102 8317 457583SH SOLE 391750 0 65833 Tiffany & Co. Common Stock 886547108 5125 97900SH SOLE 97900 0 0 Transatlantic Holdings, Inc. Common Stock 893521104 869768 14707772SH SOLE 14216200 0 491572 Transocean Inc. Common Stock G90078109 881264 9626474SH SOLE 9241938 0 384536 Tyco Electronics Ltd. Common Stock G9144P105 960096 31770106SH SOLE 30789046 0 981060 Tyco International Ltd. Common Stock G9143X208 1202775 31791058SH SOLE 30811436 0 979622 Tyson Foods Inc Common Stock 902494103 16374 917300SH SOLE 917300 0 0 Tyson Foods Inc 6.6 04/01/16 Corporate Bond 902494AN3 11336 11000000SH SOLE 11000000 0 0 Unilever NV - NY Shares Foreign - ADR 904784709 1091 35380SH SOLE 35380 0 0 Union Pacific Corp. Common Stock 907818108 927 8200SH SOLE 8200 0 0 United Parcel Service, Inc., ClaCommon Stock 911312106 351135 4675570SH SOLE 4675570 0 0 United Rental NA URI 1 7/8 10/23Corporate Bond 911365AH7 5468 3720000SH SOLE 3720000 0 0 United Rentals Trust I, 6.50% Preferred Stock 91136H306 5295 109741SH SOLE 109741 0 0 United Rentals, Inc. Common Stock 911363109 6434 200000SH SOLE 200000 0 0 UnitedHealth Group Inc. Common Stock 91324P102 865693 20683471SH SOLE 20093723 0 589748 Universal Health Services, Inc Common Stock 913903100 21855 401600SH SOLE 401600 0 0 Valeant Pharmaceutical 4.00 11/1Corporate Bond 91911XAD6 3977 4400000SH SOLE 4400000 0 0 Ventas, Inc. Common Stock 92276F100 202941 5065722SH SOLE 5031333 0 34389 Virgin Media Inc. Foreign Stock 92769L101 339216 15321997SH SOLE 15039502 0 282495 Vornado Realty Trust Common Stock 929042109 77726 758687SH SOLE 748631 0 10056 Vornado Realty Trust, 3.875% Corporate Bond 929043AC1 24486 19000000SH SOLE 1900000 0 0 Vornado Realty Trust, Pfd, Preferred Stock 929042703 3899 175000SH SOLE 175000 0 0 Vulcan Materials Corp. Common Stock 929160109 623460 8083675SH SOLE 7854713 0 228962 W.R. Berkley Corp. Common Stock 084423102 4167 140649SH SOLE 140649 0 0 Wabco Holdings Inc. Common Stock 92927K102 8158 431522SH SOLE 377548 0 53974 Wachovia Corp. Common Stock 929903102 1524692 35970945SH SOLE 34801599 0 1169346 Waddell & Reed Financial - A Common Stock 930059100 938 34707SH SOLE 34707 0 0 Wal-Mart Stores, Inc. Common Stock 931142103 1155333 31291144SH SOLE 30278308 0 1012836 Waste Connections Inc 3.75 4/1/2Corporate Bond 941053AG5 11200 10000000SH SOLE 100000000 0 0 Waste Connections Inc. Common Stock 941053100 12132 382000SH SOLE 382000 0 0 Wells Fargo & Co. Common Stock 949746101 1913924 63018040SH SOLE 61067916 0 1950124 Western Union Company Common Stock 959802109 3019 354180SH SOLE 310032 0 44148 White Mountains Insurance Group Common Stock G9618E107 1559 3000SH SOLE 3000 0 0 Whole Foods Market Inc. Common Stock 966837106 44822 1155113SH SOLE 1104790 0 50323 WPP Group PLC Foreign - ADR 929309409 52055 1347327SH SOLE 1226336 0 120991 Yum! Brands, Inc Common Stock 988498101 17193 1189153SH SOLE 1046157 0 142996