0000950123-19-001783.txt : 20190214 0000950123-19-001783.hdr.sgml : 20190214 20190214061324 ACCESSION NUMBER: 0000950123-19-001783 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181231 FILED AS OF DATE: 20190214 DATE AS OF CHANGE: 20190214 EFFECTIVENESS DATE: 20190214 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Burgundy Asset Management Ltd. CENTRAL INDEX KEY: 0001315868 IRS NUMBER: 980407588 STATE OF INCORPORATION: A6 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11129 FILM NUMBER: 19600430 BUSINESS ADDRESS: STREET 1: 181 BAY ST. STREET 2: SUITE 4510, BAY WELLINGTON TOWER CITY: TORONTO STATE: A6 ZIP: M5J 2T3 BUSINESS PHONE: 416-869-3222 MAIL ADDRESS: STREET 1: 181 BAY ST. STREET 2: SUITE 4510, BAY WELLINGTON TOWER CITY: TORONTO STATE: A6 ZIP: M5J 2T3 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001315868 XXXXXXXX 12-31-2018 12-31-2018 Burgundy Asset Management Ltd.
181 BAY ST. Suite 4510, BAY WELLINGTON TOWER Toronto A6 M5J 2T3
13F HOLDINGS REPORT 028-11129 Y Per informal guidance received from the Division of Investment Management, section 13(f) securities that are dual listed on a U.S. stock exchange and the Tel Aviv Stock Exchange were included in this Form 13F only if they were purchased in the U.S.
Hui Chun Cathy Lin Chief Compliance Officer 416-869-8984 /s/ Hui Chun Cathy Lin Toronto A6 02-14-2019 0 105 9366536 false
INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M Co. COM 88579Y101 1562 8200 SH SOLE 8200 0 0 Allison Transmission Holdings Inc. COM 01973R101 248663 5663010 SH SOLE 5377546 0 285464 Alphabet Inc. CAP STK CL A 02079K305 150215 143752 SH SOLE 136770 0 6982 Altria Group Inc. COM 02209S103 1484 30048 SH SOLE 30048 0 0 American Homes 4 Rent Real Estate Investment Trust CL A 02665T306 85207 4292539 SH SOLE 3083451 0 1209088 Ameriprise Financial Inc. COM 03076C106 23756 227610 SH SOLE 221268 0 6342 AmerisourceBergen Corp COM 03073E105 203273 2732166 SH SOLE 2596823 0 135343 Apple Inc COM 037833100 198818 1260416 SH SOLE 1213523 0 46893 Argo Group International Holdings Ltd. COM G0464B107 9003 133867 SH SOLE 129411 0 4456 Armstrong Flooring Inc. COM 04238R106 8867 748913 SH SOLE 502685 0 246228 Arthur J. Gallagher & Co. COM 363576109 97962 1329195 SH SOLE 931014 0 398181 AutoZone, Inc. COM 053332102 373258 445235 SH SOLE 428833 0 16402 Axalta Coating Systems Ltd. COM G0750C108 7676 327745 SH SOLE 317013 0 10732 Bank of Montreal COM 063671101 6865 105000 SH SOLE 105000 0 0 Bank of Nova Scotia COM 064149107 135053 2707422 SH SOLE 2685598 0 21824 BB&T Corp. COM 054937107 367879 8492130 SH SOLE 8175163 0 316967 Becton, Dickinson & Co. COM 075887109 158755 704574 SH SOLE 669015 0 35559 Berkshire Hathaway Inc. CL B NEW 084670702 21974 107620 SH SOLE 93680 0 13940 Berkshire Hathaway Inc. CL A 084670108 102204 334 SH SOLE 334 0 0 BlackRock TCP Capital Corp. COM 09259E108 36072 2766245 SH SOLE 1844073 0 922172 Booz Allen Hamilton Holding Corp. CL A 099502106 55541 1232334 SH SOLE 849486 0 382848 Brookfield Asset Management Inc. CL A LTD VT SH 112585104 110695 2886275 SH SOLE 2863007 0 23268 Brookfield Property Partners L.P. UNIT LTD PARTN G16249107 96461 5976056 SH SOLE 5925332 0 50724 Brown & Brown Inc. COM 115236101 72396 2626846 SH SOLE 1826088 0 800758 Camco Investors Inc. CL A COM 361438104 1564 92619 SH SOLE 92619 0 0 Canadian National Railway Co. COM 136375102 162101 2187101 SH SOLE 2168848 0 18253 Canadian Natural Resources Ltd. COM 136385101 367 15200 SH SOLE 15200 0 0 Cannae Holdings Inc. COM 13765N107 3126 182600 SH SOLE 182600 0 0 CBIZ Inc. COM 124805102 73848 3748653 SH SOLE 2516602 0 1232051 CDW Corp. COM 12514G108 286 3531 SH SOLE 3531 0 0 Cedar Fair L.P. DEPOSITRY UNIT 150185106 33100 699794 SH SOLE 497044 0 202750 Celestica Inc SUB VTG SHS 15101Q108 9002 1026793 SH SOLE 930326 0 96467 Coca-Cola Femsa S.A.B. de C.V. SPON ADR REP L 191241108 38824 638126 SH SOLE 638126 0 0 Colliers International Group Inc SUB VTG SHS 194693107 30987 561457 SH SOLE 556449 0 5008 Copart Inc. COM 217204106 10206 213601 SH SOLE 206678 0 6923 Diageo PLC SPON ADR NEW 25243Q205 672 4736 SH SOLE 4736 0 0 Dine Brands Global Inc. COM 254423106 19360 287500 SH SOLE 194157 0 93343 Eaton Vance Variable Rate Income Trust VANCE 278279104 9847 777790 SH SOLE 777790 0 0 Emerald Expositions Events Inc. COM 29103B100 21946 1778438 SH SOLE 1248285 0 530153 Enbridge Inc. COM 29250N105 207777 6683552 SH SOLE 6626249 0 57303 Equifax Inc. COM 294429105 17726 190333 SH SOLE 185031 0 5302 Expedia Inc. COM NEW 30212P303 8935 79313 SH SOLE 55599 0 23714 Expeditors International of Washington, Inc. COM 302130109 245 3596 SH SOLE 3596 0 0 Extended Stay America Inc. UNIT 99/99/9999B 30224P200 46788 3018556 SH SOLE 2158424 0 860132 Facebook Inc. CL A 30303M102 158825 1211569 SH SOLE 1153391 0 58178 Federated Investors Inc. CL B 314211103 46136 1737697 SH SOLE 1209293 0 528404 Franklin Resources, Inc. RES INC 354613101 815 27466 SH SOLE 27466 0 0 Gartner Inc COM 366651107 45019 352150 SH SOLE 238263 0 113887 Generac Holdings Inc. COM 368736104 78093 1571290 SH SOLE 1097391 0 473899 General Electric Co. COM 369604103 3028 400000 SH SOLE 400000 0 0 Gentex Corp. COM 371901109 214980 10637284 SH SOLE 8857109 0 1780175 Graco Inc. COM 384109104 28229 674525 SH SOLE 479782 0 194743 Harris Corp. COM 413875105 120733 896641 SH SOLE 852233 0 44408 Houghton Mifflin Harcourt Co. COM 44157R109 52165 5887742 SH SOLE 4218927 0 1668815 Houlihan Lokey, Inc. CL A 441593100 39288 1067600 SH SOLE 718920 0 348680 Imperial Oil Ltd. COM NEW 453038408 7455 294016 SH SOLE 292916 0 1100 Invitation Homes Inc COM 46187W107 32472 1617115 SH SOLE 1155657 0 461458 Ishares TR MSCI EAFE ETF 464287465 3782 64340 SH SOLE 64340 0 0 Jacobs Engineering Group Inc. COM 469814107 12408 212240 SH SOLE 50099 0 162141 Jefferies Financial Group Inc. COM 47233W109 79766 4594789 SH SOLE 3258874 0 1335915 Johnson & Johnson COM 478160104 375756 2911710 SH SOLE 2809186 0 102524 JP Morgan Chase & Co. COM 46625H100 1906 19522 SH SOLE 19522 0 0 Kennametal Inc. COM 489170100 57238 1719892 SH SOLE 1198666 0 521226 Laboratory Corporation of America Holdings COM NEW 50540R409 9499 75171 SH SOLE 72719 0 2452 LGI Homes Inc. COM 50187T106 10808 239009 SH SOLE 158629 0 80380 Main Street Capital Corp. COM 56035L104 55163 1631562 SH SOLE 1115104 0 516458 MarketAxess Holdings Inc. COM 57060D108 67943 321531 SH SOLE 227934 0 93597 McDonald's Corp. COM 580135101 150379 846873 SH SOLE 806671 0 40202 Merck & Co., Inc. COM 58933Y105 315 4118 SH SOLE 4118 0 0 Microsoft Corp. COM 594918104 315802 3109203 SH SOLE 2962616 0 146587 MSC Industrial Direct Co Inc. CL A 553530106 8994 116932 SH SOLE 37804 0 79128 News Corp CL A 65249B109 89000 7841440 SH SOLE 7457987 0 383453 Northern Trust Corp. COM 665859104 205491 2458321 SH SOLE 2335780 0 122541 Nutrien Ltd. COM 67077M108 171379 3646210 SH SOLE 3617070 0 29140 Oaktree Capital Group LLC UNIT CL A 674001201 21859 549910 SH SOLE 240875 0 309035 Oracle Corp. COM 68389X105 329216 7291605 SH SOLE 7031350 0 260255 Penske Auto Group Inc. COM 70959W103 81998 2033683 SH SOLE 1466659 0 567024 PepsiCo Inc. COM 713448108 256342 2320259 SH SOLE 2238115 0 82144 Philip Morris International Inc. COM 718172109 114564 1716064 SH SOLE 1630499 0 85565 Premier Inc. CL A 74051N102 17194 460338 SH SOLE 447723 0 12615 Primerica Inc. INC 74164M108 126743 1297135 SH SOLE 918386 0 378749 RE/MAX Holdings Inc. CL A 75524W108 51024 1659329 SH SOLE 1183844 0 475485 Restaurant Brands International Inc. COM 76131D103 167761 3208919 SH SOLE 3182320 0 26599 Ritchie Bros. Auctioneers Inc. COM 767744105 45013 1375706 SH SOLE 1365558 0 10148 Royal Bank of Canada COM 780087102 146130 2133460 SH SOLE 2114825 0 18635 Sabre Corp. COM 78573M104 395621 18281918 SH SOLE 17575994 0 705924 Sally Beauty Holdings Inc. COM 79546E104 60352 3539695 SH SOLE 2570395 0 969300 Shaw Communication Inc. CL B CONV 82028K200 112749 6224713 SH SOLE 6172492 0 52221 SS&C Technologies Holdings Inc. COM 78467J100 120967 2681600 SH SOLE 1921735 0 759865 Strategic Education Inc. COM 86272C103 59789 527147 SH SOLE 376762 0 150385 Tech Data Corp. COM 878237106 44153 539703 SH SOLE 385146 0 154557 Tempur Sealy Intly Inc. COM 88023U101 16999 410608 SH SOLE 273496 0 137112 Texas Instruments Incorporated COM 882508104 143635 1519946 SH SOLE 1446435 0 73511 The Kraft Heinz Co. COM 500754106 1076 25000 SH SOLE 25000 0 0 Toronto-Dominion Bank COM NEW 891160509 142127 2857197 SH SOLE 2831833 0 25364 Transcanada Corp. COM 89353D107 183454 5133696 SH SOLE 5090990 0 42706 Union Pacific Corp. COM 907818108 88659 641391 SH SOLE 610536 0 30855 United Fire Group Inc. COM 910340108 8513 153523 SH SOLE 109161 0 44362 United Technologies Corp. COM 913017109 358886 3370450 SH SOLE 3238673 0 131777 Valvoline Inc. COM 92047W101 8026 414805 SH SOLE 293474 0 121331 Waddell & Reed Financial, Inc. CL A 930059100 27469 1519303 SH SOLE 1044648 0 474655 Walgreens Boots Alliance, Inc. COM 931427108 480884 7037664 SH SOLE 6777087 0 260577 White Mountains Insurance Group Ltd. COM G9618E107 31147 36315 SH SOLE 26908 0 9407 Wyndham Destiinations Inc. COM 98310W108 3201 89301 SH SOLE 63067 0 26234 Wyndham Hotels & Resorts Inc. COM 98311A105 7772 171292 SH SOLE 165585 0 5707