The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
Abiomed Inc COMMON 003654100 32,977 101,721 SH   SOLE   98,084 0 3,637
Alleghany Corp COMMON 017175100 37,789 62,591 SH   SOLE   60,295 0 2,296
Barrick Gold Corp COMMON 067901108 84,128 3,691,988 SH   SOLE   2,045,970 0 1,646,018
American Express Co COMMON 025816109 96,646 799,348 SH   SOLE   770,505 0 28,843
Aflac Inc COMMON 001055102 36,619 823,465 SH   SOLE   793,372 0 30,093
Analog Devices Inc COMMON 032654105 63,367 428,988 SH   SOLE   414,423 0 14,565
Applied Materials Inc COMMON 038222105 69,416 804,405 SH   SOLE   775,277 0 29,128
Albemarle Corp COMMON 012653101 41,638 281,262 SH   SOLE   271,280 0 9,982
Archer-Daniels-Midland Co. COMMON 039483102 147,195 2,920,011 SH   SOLE   2,813,653 0 106,358
Automatic Data Processing COMMON 053015103 42,867 242,038 SH   SOLE   233,794 0 8,244
Autozone Inc COMMON 053332102 108,912 91,871 SH   SOLE   88,682 0 3,189
Berkshire Hathaway Inc COMMON 084670702 76,874 331,548 SH   SOLE   320,548 0 11,000
Bancolombia Sa -Pref COMMON 05968L102 27,154 670,477 SH   SOLE   590,608 0 79,869
Baxter International Inc COMMON 071813109 45,120 560,672 SH   SOLE   540,192 0 20,480
Brookfield Asset Management-CL A COMMON 112585104 135,262 3,274,063 SH   SOLE   3,021,293 0 252,770
Pricesmart Inc COMMON 741511109 36,938 405,515 SH   SOLE   354,804 0 50,711
Taiwan Semiconductor Manufacturing Co Ltd COMMON 874039100 12,463 113,932 SH   SOLE   0 0 113,932
C H Robinson Worldwide Inc COMMON 12541W209 102,771 1,089,152 SH   SOLE   1,051,246 0 37,906
Rogers Communications Inc COMMON 775109200 15,485 330,148 SH   SOLE   293,554 0 36,594
Canadian Natural Resources COMMON 136385101 37,581 1,544,286 SH   SOLE   1,375,578 0 168,708
Coca Cola Co COMMON 191216100 56,941 1,038,373 SH   SOLE   1,000,308 0 38,065
Colgate Palmolive Co COMMON 194162103 42,690 499,282 SH   SOLE   482,304 0 16,978
Compania De Minas Buenaventura Spon ADR COMMON 204448104 9,877 810,311 SH   SOLE   0 0 810,311
Fomento Economico Mexicano Spon ADR COMMON 344419106 60,249 795,174 SH   SOLE   0 0 795,174
Gildan Activewear Inc COMMON 375916103 54,190 1,940,218 SH   SOLE   1,830,877 0 109,341
Omnicom Group COMMON 681919106 10,307 163,608 SH   SOLE   157,328 0 6,280
Citigroup Inc COMMON 172967424 41,680 675,978 SH   SOLE   653,272 0 22,706
Electronic Arts Inc COMMON 285512109 95,063 661,999 SH   SOLE   639,096 0 22,903
Expeditors Intl Wash Inc COMMON 302130109 52,597 553,050 SH   SOLE   534,283 0 18,767
Fastenal Co COMMON 311900104 60,258 1,234,127 SH   SOLE   1,189,928 0 44,199
M & T Bank Corp COMMON 55261F104 42,718 335,581 SH   SOLE   323,686 0 11,895
Ritchie Bros Auctioneers COMMON 767744105 70,980 1,022,116 SH   SOLE   934,543 0 87,573
FTI Consulting Inc COMMON 302941109 48,153 431,013 SH   SOLE   415,204 0 15,809
Freeport-McMoran Inc COMMON 35671D857 42,980 1,651,838 SH   SOLE   1,448,266 0 203,572
Grupo Televisa Sa-Spons Adr COMMON 40049J206 15,160 1,839,833 SH   SOLE   0 0 1,839,833
Healthcare Services Group COMMON 421906108 48,750 1,734,881 SH   SOLE   1,671,019 0 63,862
KT Corp ADR COMMON 48268K101 29,126 2,645,458 SH   SOLE   0 0 2,645,458
The Hershey Company COMMON 427866108 105,533 692,799 SH   SOLE   668,755 0 24,044
Intel Corp COMMON 458140100 104,457 2,096,643 SH   SOLE   2,022,524 0 74,119
Rayonier Inc COMMON 754907103 35,343 1,202,953 SH   SOLE   1,169,474 0 33,479
Johnson and Johnson COMMON 478160104 248,505 1,579,170 SH   SOLE   1,523,650 0 55,520
Hartford Financial SVCS Group Inc COMMON 416515104 56,501 1,146,141 SH   SOLE   1,107,960 0 38,181
Kimberly-Clark Corp COMMON 494368103 63,039 465,168 SH   SOLE   448,658 0 16,510
United Parcel Services Cl B COMMON 911312106 85,500 507,776 SH   SOLE   489,465 0 18,311
Loews Corp COMMON 540424108 45,357 1,007,508 SH   SOLE   970,704 0 36,804
Magna International Inc COMMON 559222401 20,761 293,522 SH   SOLE   261,455 0 32,067
Markel Corp COMMON 570535104 69,812 67,565 SH   SOLE   65,167 0 2,398
Maxim Integrated Products COMMON 57772K101 62,699 707,351 SH   SOLE   683,275 0 24,076
Activision Blizzard COMMON 00507V109 46,655 502,503 SH   SOLE   484,690 0 17,813
3M Co COMMON 88579Y101 25,941 148,422 SH   SOLE   143,366 0 5,056
National Oilwell Varco COMMON 637071101 30,331 2,209,100 SH   SOLE   2,128,442 0 80,658
Wells Fargo COMMON 949746101 147,890 4,900,451 SH   SOLE   4,725,952 0 174,499
Oracle Corp COMMON 68389X105 263,669 4,076,019 SH   SOLE   3,932,267 0 143,752
Paccar Inc COMMON 693718108 34,591 397,856 SH   SOLE   383,635 0 14,221
Paychex Inc COMMON 704326107 66,222 710,749 SH   SOLE   687,060 0 23,689
Pepsico Inc COMMON 713448108 45,131 302,318 SH   SOLE   291,509 0 10,809
PPG Industries Inc COMMON 693506107 84,719 587,431 SH   SOLE   566,251 0 21,180
Costco Wholesale Corp COMMON 22160K105 39,018 103,564 SH   SOLE   99,768 0 3,796
Procter & Gamble COMMON 742718109 76,932 552,971 SH   SOLE   534,166 0 18,805
US Bancorp COMMON 902973304 56,910 1,211,065 SH   SOLE   1,169,881 0 41,184
Travelers Companies Inc COMMON 89417E109 136,142 969,890 SH   SOLE   936,321 0 33,569
Merck & Co Inc COMMON 58933Y105 176,197 2,137,533 SH   SOLE   2,062,196 0 75,337
Bunge Ltd COMMON G16962105 113,811 1,735,561 SH   SOLE   1,671,908 0 63,653
Canadian Pacific Railway Ltd COMMON 13645T100 51,255 147,590 SH   SOLE   131,467 0 16,123
Tanger Factory Outlet Center COMMON 875465106 16,981 1,704,913 SH   SOLE   1,657,495 0 47,418
Texas Instruments Inc COMMON 882508104 151,049 920,333 SH   SOLE   888,539 0 31,794
Union Pacific Corp COMMON 907818108 57,627 276,793 SH   SOLE   267,400 0 9,393
Waters Corp COMMON 941848103 95,115 384,428 SH   SOLE   371,285 0 13,143
Wabtec Corp COMMON 929740108 39,133 534,598 SH   SOLE   515,001 0 19,597
Weyerhaeuser Co COMMON 962166104 51,410 1,533,369 SH   SOLE   1,490,692 0 42,677
CME Group Inc COMMON 12572Q105 38,663 209,627 SH   SOLE   202,492 0 7,135
Carmax Inc COMMON 143130102 76,369 808,545 SH   SOLE   779,524 0 29,021
TJX Companies Inc COMMON 872540109 72,366 1,059,638 SH   SOLE   1,021,766 0 37,872
Marketaxess Holdings COMMON 57060D108 40,714 71,370 SH   SOLE   68,837 0 2,533
Dolby Laboratories Inc-CL A COMMON 25659T107 66,585 685,541 SH   SOLE   661,012 0 24,529
Baidu Inc - Spon ADR COMMON 056752108 320,967 1,484,335 SH   SOLE   0 0 1,484,335
Bce Inc COMMON 05534B760 17,510 403,952 SH   SOLE   359,821 0 44,131
Bank of New York Mellon Corp COMMON 064058100 48,073 1,132,763 SH   SOLE   1,095,055 0 37,708
Genpact Ltd COMMON G3922B107 78,343 1,894,175 SH   SOLE   1,681,952 0 212,223
Franco-Nevada Corp COMMON 351858105 24,934 199,032 SH   SOLE   177,289 0 21,743
Chubb Limited COMMON H1467J104 35,939 232,315 SH   SOLE   224,409 0 7,906
Visteon Corp. COMMON 92839U206 45,814 365,001 SH   SOLE   351,669 0 13,332
First Republic Bank COMMON 33616C100 78,853 536,697 SH   SOLE   517,510 0 19,187
Kar Auction Services Inc COMMON 48238T109 70,119 3,768,050 SH   SOLE   3,629,854 0 138,196
TE Connectivity Ltd COMMON H84989104 52,226 431,369 SH   SOLE   415,613 0 15,756
Globus Medical Inc A COMMON 379577208 50,186 769,508 SH   SOLE   741,942 0 27,566
Facebook Inc A COMMON 30303M102 154,408 565,298 SH   SOLE   545,013 0 20,285
Blackberry Ltd COMMON 09228F103 25,287 3,816,972 SH   SOLE   3,392,441 0 424,531
Booking Holdings Inc COMMON 09857L108 213,614 95,931 SH   SOLE   92,601 0 3,330
Huya Inc COMMON 44852D108 188 9,439 SH   SOLE   0 0 9,439
Eventbrite Inc - Class A COMMON 29975E109 27,526 1,520,885 SH   SOLE   1,466,949 0 53,936
Autohome Inc - Class A COMMON 05278C107 327 3,278 SH   SOLE   0 0 3,278
Ctrip.com International ADR COMMON 89677Q107 22,655 671,653 SH   SOLE   0 0 671,653
Otis Worldwide Corp COMMON 68902V107 25,866 382,917 SH   SOLE   378,377 0 4,540
Inmode Ltd COMMON M5425M103 184 3,871 SH   SOLE   3,871 0 0
Aon Plc COMMON G0403H108 52,326 247,688 SH   SOLE   239,257 0 8,431
Raytheon Technologies Corp COMMON 75513E101 20,972 293,258 SH   SOLE   293,258 0 0
Arista Networks Inc COMMON 040413106 29,520 101,600 SH   SOLE   97,966 0 3,634
Axalta Coating Systems Ltd COMMON G0750C108 29,342 1,027,749 SH   SOLE   990,197 0 37,552
MOMO Inc ADR COMMON 60879B107 50 3,598 SH   SOLE   0 0 3,598
Coca-Cola European Partners COMMON G25839104 108,850 2,185,230 SH   SOLE   1,992,544 0 192,686
Alphabet Inc - Class A COMMON 02079K305 183,574 104,753 SH   SOLE   101,071 0 3,682
PayPal Holdings Inc. COMMON 70450Y103 60,207 257,077 SH   SOLE   247,648 0 9,429
Yum China Holdings Inc COMMON 98850P109 110,960 1,943,594 SH   SOLE   1,739,152 0 204,442
Alphabet Inc - Class C COMMON 02079K107 139,802 79,804 SH   SOLE   76,951 0 2,853
Linde PLC COMMON G5494J103 52,482 199,178 SH   SOLE   192,052 0 7,126