0000950123-14-008831.txt : 20140814 0000950123-14-008831.hdr.sgml : 20140814 20140814094146 ACCESSION NUMBER: 0000950123-14-008831 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140630 FILED AS OF DATE: 20140814 DATE AS OF CHANGE: 20140814 EFFECTIVENESS DATE: 20140814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Burgundy Asset Management Ltd. CENTRAL INDEX KEY: 0001315868 IRS NUMBER: 986054306 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: 141039917 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 06-30-2014 06-30-2014 Burgundy Asset Management Ltd.

181 BAY ST. SUITE 4510, BAY WELLINGTON TOWER TORONTO A6 M5J 2T3

13F HOLDINGS REPORT 028-11129 N Mark Bhattacharya 416-869-3222 /s/ Mark Bhattacharya Toronto A6 08-12-2014 0 118 8462699 false INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M Co. COM 88579Y101 1432 10000 SH SOLE 10000 0 0 Altria Group Inc. COM 02209S103 841 20048 SH SOLE 20048 0 0 American Homes 4 Rent Real Estate Investment Trust COM 02665T306 68807 3874248 SH SOLE 2700117 0 1174131 AmerisourceBergen Corp. COM 03073E105 149043 2051241 SH SOLE 2020778 0 30463 Apple Inc. COM 037833100 194993 2105416 SH SOLE 2084045 0 21371 Ares Capital Corp. COM 04010L103 68961 3861184 SH SOLE 2526013 0 1335171 Argo Group International Holdings Ltd. COM 002499543 3865 75630 SH SOLE 73343 0 2287 Arthur J. Gallagher & Co. COM 363576109 70735 1517922 SH SOLE 988999 0 528923 Bank of Montreal COM 063671101 493 6700 SH SOLE 6700 0 0 Bank of Nova Scotia COM 064149107 226338 3394782 SH SOLE 3349091 0 45691 Baxter International Inc. COM 071813109 142109 1961457 SH SOLE 1940202 0 21255 BB&T Corp. COM 054937107 250363 6358881 SH SOLE 6295320 0 63561 Becton, Dickinson & Co. COM 075887109 112446 950518 SH SOLE 936240 0 14278 Berkshire Hathaway Inc. CL A 084670108 51653 272 SH SOLE 270 0 2 Berkshire Hathaway Inc. CL B 084670702 6509 51428 SH SOLE 43281 0 8147 Booz Allen Hamilton Holding Corp. COM 099502106 45216 2128824 SH SOLE 1476507 0 652317 Brookfield Infrastructure Partners LP COM G16252101 19815 474798 SH SOLE 424297 0 50501 Brown & Brown Inc. COM 115236101 50915 1657928 SH SOLE 1069695 0 588233 Canadian Imperial Bank of Commerce COM 136069101 264 2900 SH SOLE 2900 0 0 Canadian National Railway Co. COM 136375102 187688 2885655 SH SOLE 2858555 0 27100 Canadian Natural Resources Ltd. COM 136385101 254393 5536195 SH SOLE 5516569 0 19626 Canadian Pacific Railway Ltd. COM 13645T100 453 2500 SH SOLE 2500 0 0 CARBO Ceramics Inc. COM 140781105 34313 222638 SH SOLE 143671 0 78967 CBIZ Inc. COM 124805102 43858 4856948 SH SOLE 3264327 0 1592621 Celestica Inc. SUB VTG SH 15101Q108 145 11500 SH SOLE 11500 0 0 Cenovus Energy Inc. COM 15135U109 243057 7497657 SH SOLE 7472207 0 25450 CGI Group Inc. CL A 39945C109 340 9600 SH SOLE 9600 0 0 Cisco Systems Inc. COM 17275R102 192032 7748785 SH SOLE 7668903 0 79882 Coca-Cola Femsa S.A.B. de C.V. SPONSORED ADR 191241108 7140 62841 SH SOLE 62841 0 0 Copart Inc. COM 217204106 4833 134395 SH SOLE 130440 0 3955 Corporate Executive Board Co. COM 21988R102 61986 908617 SH SOLE 583098 0 325519 DeVry Education Group Inc. COM 251893103 91186 2153666 SH SOLE 1413659 0 740007 Diageo PLC SPONSORED ADR 25243Q205 603 4736 SH SOLE 4736 0 0 Dun & Bradstreet Corp. COM 26483E100 1996 18114 SH SOLE 17578 0 536 Eaton Vance Variable Rate Income Trust COM 278279104 10228 677790 SH SOLE 677790 0 0 Emerson Electric Co. COM 291011104 100376 1512591 SH SOLE 1489176 0 23415 Enbridge Inc. COM 29250N105 494 10421 SH SOLE 10421 0 0 EnCana Corp. COM 292505104 3884 163954 SH SOLE 163054 0 900 Entercom Communications Corp. CL A 293639100 6655 620241 SH SOLE 620241 0 0 Equifax Inc. COM 294429105 213545 2943825 SH SOLE 2480558 0 463267 Expedia Inc. COM 30212P303 54689 694381 SH SOLE 470083 0 224298 Expeditors International of Washington, Inc. COM 302130109 2061 46682 SH SOLE 45286 0 1396 Federated Investors Inc. CL B 314211103 49068 1586948 SH SOLE 1078931 0 508017 FirstService Corp. SUB VTG SH 33761N109 8626 170200 SH SOLE 170200 0 0 FXCM Inc. CL A 302693106 43826 2929547 SH SOLE 1944174 0 985373 Generac Holdings Inc. COM 368736104 23271 477456 SH SOLE 330294 0 147162 General Electric Co. COM 369604103 1314 50000 SH SOLE 50000 0 0 Gentex Corp. COM 371901109 129736 4459816 SH SOLE 3463315 0 996501 GlaxoSmithKline PLC SPONSORED ADR 37733W105 742 13878 SH SOLE 13878 0 0 Goldcorp Inc. COM 380956409 248 8900 SH SOLE 8900 0 0 Google Inc. CL C 38259P706 18213 31660 SH SOLE 31170 0 490 Google Inc. CL A 38259P508 52498 89791 SH SOLE 88397 0 1394 Graco Inc. COM 384109104 41234 528101 SH SOLE 348705 0 179396 Harris Corp. COM 413875105 9558 126172 SH SOLE 122650 0 3522 HCC Insurance Holdings Inc. COM 404132102 71620 1463431 SH SOLE 907204 0 556227 Hilltop Holdings Inc. COM 432748101 97311 4577184 SH SOLE 2875624 0 1701560 Humana Inc. COM 444859102 106276 832102 SH SOLE 819009 0 13093 Jacobs Engineering Group Inc. COM 469814107 4203 78876 SH SOLE 76612 0 2264 Johnson & Johnson COM 478160104 290930 2778278 SH SOLE 2750599 0 27679 Kayne Anderson Energy Development Co. COM 48660Q102 30682 896092 SH SOLE 575309 0 320783 Kraft Foods Group Inc. COM 50076Q106 899 15000 SH SOLE 15000 0 0 Laboratory Corporation of America Holdings COM 50540R409 6734 65764 SH SOLE 63841 0 1923 Leucadia National Corp. COM 527288104 151336 5771768 SH SOLE 4949466 0 822302 LoJack Corp. COM 539451104 551 101544 SH SOLE 101544 0 0 Lorillard Inc. COM 544147101 138784 2276261 SH SOLE 2239043 0 37218 M&T Bank Corp. COM 55261F104 227 1831 SH SOLE 1831 0 0 Madison Square Garden Co. COM 55826P100 43751 700579 SH SOLE 480878 0 219701 Magna International Inc. COM 559222401 495 4600 SH SOLE 4600 0 0 Manulife Financial Corp. COM 56501R106 404 20300 SH SOLE 20300 0 0 MarketAxess Holdings Inc. COM 57060D108 83770 1549581 SH SOLE 926130 0 623451 McCormick & Co., Inc. COM 579780206 4404 61512 SH SOLE 61512 0 0 McDonald's Corp. COM 580135101 2786 27657 SH SOLE 27657 0 0 Merck & Co., Inc. COM 58933Y105 555 9589 SH SOLE 9589 0 0 MICROS Systems Inc. COM 594901100 63805 939694 SH SOLE 660251 0 279443 Microsoft Corp. COM 594918104 120654 2893372 SH SOLE 2854828 0 38544 Mondelez International Inc. COM 609207105 564 15000 SH SOLE 15000 0 0 Moody's Corp. COM 615369105 2524 28790 SH SOLE 28054 0 736 Morgan Stanley COM 617446448 956 29571 SH SOLE 29571 0 0 MSCI Inc. COM 55354G100 77095 1681468 SH SOLE 1135596 0 545872 Northern Trust Corp. COM 665859104 123728 1926928 SH SOLE 1898304 0 28624 Nutraceutical International Corp. COM 67060Y101 24618 1031765 SH SOLE 651804 0 379961 Occidental Petroleum Corp. COM 674599105 230613 2250515 SH SOLE 2228745 0 21770 Oracle Corp. COM 68389X105 226400 5585557 SH SOLE 5525505 0 60052 Penske Auto Group Inc. COM 70959W103 105940 2140197 SH SOLE 1382760 0 757437 PepsiCo Inc. COM 713448108 175705 1971053 SH SOLE 1952828 0 18225 Pfizer Inc. COM 717081103 685 23070 SH SOLE 23070 0 0 Philip Morris International Inc. COM 718172109 246624 2919974 SH SOLE 2886318 0 33656 Potash Corporation of Saskatchewan Inc. COM 73755L107 287323 7554849 SH SOLE 7463549 0 91300 Primerica Inc. COM 74164M108 90754 1896640 SH SOLE 1275999 0 620641 Procter & Gamble Co. COM 742718109 85473 1087575 SH SOLE 1071999 0 15576 Qualcomm Inc. COM 747525103 125876 1589340 SH SOLE 1564533 0 24807 RE/MAX Holdings Inc. COM 75524W108 42901 1449859 SH SOLE 1016835 0 433024 Ritchie Bros. Auctioneers Inc. COM 767744105 202807 8227475 SH SOLE 8137346 0 90129 Rogers Communications Inc. CL B 775109200 99302 2467531 SH SOLE 2435691 0 31840 Royal Bank of Canada COM 780087102 217608 3043914 SH SOLE 3002014 0 41900 Shaw Communications Inc. CL B 82028K200 171494 6688061 SH SOLE 6608261 0 79800 Solera Holdings Inc. COM 83421A104 3567 53119 SH SOLE 53119 0 0 SPDR S&P 500 ETF Trust TR UNIT 78462F103 4697 24000 SH SOLE 24000 0 0 SS&C Technologies Holdings Inc. COM 78467J100 66251 1498210 SH SOLE 1023396 0 474814 Strayer Education Inc. COM 863236105 23662 450617 SH SOLE 341301 0 109316 Suncor Energy Inc. COM 867224107 686 16092 SH SOLE 16092 0 0 Synnex Corp. COM 87162W100 75353 1034352 SH SOLE 706378 0 327974 Talisman Energy Inc. COM 87425E103 235 22200 SH SOLE 22200 0 0 Tech Data Corp. COM 878237106 52371 837674 SH SOLE 479675 0 357999 Teleflex Inc. COM 879369106 57143 541126 SH SOLE 360788 0 180338 TeleTech Holdings Inc. COM 879939106 4601 158701 SH SOLE 153912 0 4789 The Babcock & Wilcox Co. COM 05615F102 68735 2117540 SH SOLE 2078112 0 39428 Thomson Reuters Corp. COM 884903105 210107 5770538 SH SOLE 5703052 0 67486 Tim Hortons Inc. COM 88706M103 3588 65589 SH SOLE 65307 0 282 Toronto-Dominion Bank COM 891160509 215195 4180134 SH SOLE 4121188 0 58946 Tronox Ltd. CL A Q9235V101 33799 1256456 SH SOLE 1133722 0 122734 U.S. Concrete Inc. COM 90333L201 449 18161 SH SOLE 18161 0 0 Union Pacific Corp. COM 907818108 223324 2240072 SH SOLE 2217108 0 22964 United Technologies Corp. COM 913017109 199112 1719910 SH SOLE 1701503 0 18407 Valeant Pharmaceuticals International, Inc. COM 91911K102 493 3900 SH SOLE 3900 0 0 Walgreen Co. COM 931422109 94086 1269199 SH SOLE 1249603 0 19596 Wal-Mart Stores Inc. COM 931142103 1126 15000 SH SOLE 15000 0 0 White Mountains Insurance Group Ltd. COM G9618E107 5862 9635 SH SOLE 9352 0 283