0000950123-14-000920.txt : 20140131 0000950123-14-000920.hdr.sgml : 20140131 20140131172703 ACCESSION NUMBER: 0000950123-14-000920 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131231 FILED AS OF DATE: 20140131 DATE AS OF CHANGE: 20140131 EFFECTIVENESS DATE: 20140131 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: 14565798 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 12-31-2013 12-31-2013 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 01-28-2014 0 112 8027659 false INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M Co. COM 88579Y101 1402 10000 SH SOLE 10000 0 0 Altria Group Inc. COM 02209S103 770 20048 SH SOLE 20048 0 0 American Homes 4 Rent COM 02665T306 57398 3543097 SH SOLE 2470070 0 1073027 American Homes 4 Rent CALL 02665T504 5660 226400 SH Call SOLE 222000 0 4400 AmerisourceBergen Corp. COM 03073E105 139229 1980221 SH SOLE 1950415 0 29806 Apple Inc. COM 037833100 192897 345162 SH SOLE 341214 0 3948 Ares Capital Corp. COM 04010L103 70280 3954983 SH SOLE 2619812 0 1335171 Argo Group International Holdings Ltd. COM 002499543 5750 123692 SH SOLE 120193 0 3499 Arthur J. Gallagher & Co. COM 363576109 71574 1525113 SH SOLE 996538 0 528575 Bank of Montreal COM 063671101 999 15000 SH SOLE 15000 0 0 Bank of Nova Scotia COM 064149107 204509 3274371 SH SOLE 3228480 0 45891 Barrick Gold Corp. COM 067901108 206 11700 SH SOLE 11700 0 0 Baxter International Inc. COM 071813109 123187 1773283 SH SOLE 1752303 0 20980 BB&T Corp. COM 054937107 209281 5616436 SH SOLE 5560204 0 56232 Becton, Dickinson & Co. COM 075887109 103896 940316 SH SOLE 925869 0 14447 Berkshire Hathaway Inc. CL A 084670108 48389 272 SH SOLE 270 0 2 Berkshire Hathaway Inc. CL B 084670702 5978 50418 SH SOLE 42231 0 8187 Booz Allen Hamilton Holding Corp. COM 099502106 40771 2129037 SH SOLE 1477011 0 652026 Brookfield Infrastructure Partners LP COM G16252101 18821 480638 SH SOLE 430137 0 50501 Brown & Brown Inc. COM 115236101 53554 1706098 SH SOLE 1117865 0 588233 Canadian National Railway Co. COM 136375102 159239 2796676 SH SOLE 2769376 0 27300 Canadian Natural Resources Ltd. COM 136385101 208151 6159996 SH SOLE 6137028 0 22968 CARBO Ceramics Inc. COM 140781105 47940 411400 SH SOLE 280710 0 130690 CBIZ Inc. COM 124805102 44832 4915782 SH SOLE 3323161 0 1592621 Cenovus Energy Inc. COM 15135U109 194819 6816110 SH SOLE 6789960 0 26150 Cisco Systems Inc. COM 17275R102 188546 8419024 SH SOLE 8321967 0 97057 Coastal Contacts Inc. COM 19044R207 19937 2420703 SH SOLE 2420703 0 0 Coca-Cola Femsa S.A.B. de C.V. SPONSORED ADR 191241108 6003 49298 SH SOLE 49298 0 0 Copart Inc. COM 217204106 4383 119579 SH SOLE 116300 0 3279 Corporate Executive Board Co. COM 21988R102 71358 921587 SH SOLE 596068 0 325519 DeVry Education Group Inc. COM 251893103 81636 2299593 SH SOLE 1556953 0 742640 Diageo PLC SPONSORED ADR 25243Q205 627 4736 SH SOLE 4736 0 0 Dun & Bradstreet Corp. COM 26483E100 3333 27152 SH SOLE 26411 0 741 Eaton Vance Variable Rate Income Trust COM 278279104 10350 677790 SH SOLE 677790 0 0 Emerson Electric Co. COM 291011104 105385 1501633 SH SOLE 1477937 0 23696 Enbridge Inc. COM 29250N105 629 14421 SH SOLE 14421 0 0 EnCana Corp. COM 292505104 996 55254 SH SOLE 54254 0 1000 Entercom Communications Corp. CL A 293639100 6519 620241 SH SOLE 620241 0 0 Equifax Inc. COM 294429105 202002 2923746 SH SOLE 2460203 0 463543 Expedia Inc. COM 30212P303 52418 752485 SH SOLE 526835 0 225650 Federated Investors Inc. CL B 314211103 46189 1603769 SH SOLE 1095954 0 507815 FirstService Corp. SUB VTG SH 33761N109 7502 174400 SH SOLE 174400 0 0 FXCM Inc. CL A 302693106 52949 2967994 SH SOLE 1982621 0 985373 General Electric Co. COM 369604103 1402 50000 SH SOLE 50000 0 0 Gentex Corp. COM 371901109 102073 3094063 SH SOLE 2133173 0 960890 GlaxoSmithKline PLC SPONSORED ADR 37733W105 473 8867 SH SOLE 8867 0 0 Google Inc. CL A 38259P508 99294 88599 SH SOLE 87188 0 1411 Graco Inc. COM 384109104 41784 534874 SH SOLE 355572 0 179302 Harris Corp. COM 413875105 10040 143815 SH SOLE 140251 0 3564 HCC Insurance Holdings Inc. COM 404132102 68679 1488490 SH SOLE 932263 0 556227 Hilltop Holdings Inc. COM 432748101 107675 4655202 SH SOLE 2953642 0 1701560 Humana Inc. COM 444859102 100328 971984 SH SOLE 956470 0 15514 Imperial Oil Ltd. COM 453038408 90554 2047491 SH SOLE 2039391 0 8100 Jacobs Engineering Group Inc. COM 469814107 4695 74536 SH SOLE 72495 0 2041 Johnson & Johnson COM 478160104 241133 2627893 SH SOLE 2599906 0 27987 JTH Holding Inc. CL A 46637N103 379 15586 SH SOLE 15586 0 0 Kayne Anderson Energy Development Co. COM 48660Q102 25575 914362 SH SOLE 593579 0 320783 Kraft Foods Group Inc. COM 50076Q106 809 15000 SH SOLE 15000 0 0 Laboratory Corporation of America Holdings COM 50540R409 2613 28596 SH SOLE 27827 0 769 Leucadia National Corp. COM 527288104 162382 5729787 SH SOLE 4907479 0 822308 LoJack Corp. COM 539451104 392 108469 SH SOLE 108469 0 0 Lorillard Inc. COM 544147101 112112 2212156 SH SOLE 2174961 0 37195 M&T Bank Corp. COM 55261F104 213 1831 SH SOLE 1831 0 0 Madison Square Garden Co. COM 55826P100 41130 714309 SH SOLE 494701 0 219608 MarketAxess Holdings Inc. COM 57060D108 105261 1574110 SH SOLE 952564 0 621546 McCormick & Co., Inc. COM 579780206 3808 55258 SH SOLE 55258 0 0 McDonald's Corp. COM 580135101 2684 27657 SH SOLE 27657 0 0 Merck & Co., Inc. COM 58933Y105 480 9589 SH SOLE 9589 0 0 MICROS Systems Inc. COM 594901100 54906 957045 SH SOLE 677602 0 279443 Microsoft Corp. COM 594918104 104457 2790733 SH SOLE 2751732 0 39001 Mondelez International Inc. COM 609207105 530 15000 SH SOLE 15000 0 0 Moody's Corp. COM 615369105 3370 42947 SH SOLE 41850 0 1097 Morgan Stanley COM 617446448 618 19694 SH SOLE 19694 0 0 MSCI Inc. COM 55354G100 74582 1705892 SH SOLE 1160020 0 545872 Northern Trust Corp. COM 665859104 110688 1788458 SH SOLE 1762494 0 25964 Novartis AG SPONSORED ADR 66987V109 648 8060 SH SOLE 8060 0 0 Nutraceutical International Corp. COM 67060Y101 28178 1052207 SH SOLE 673029 0 379178 Occidental Petroleum Corp. COM 674599105 197710 2082795 SH SOLE 2060860 0 21935 Oracle Corp. COM 68389X105 212936 5577626 SH SOLE 5516920 0 60706 Penske Auto Group Inc. COM 70959W103 102278 2168738 SH SOLE 1411301 0 757437 PepsiCo Inc. COM 713448108 151430 1825914 SH SOLE 1807490 0 18424 Pfizer Inc. COM 717081103 870 28400 SH SOLE 284003 0 0 Philip Morris International Inc. COM 718172109 226234 2600578 SH SOLE 2568036 0 32542 Potash Corporation of Saskatchewan Inc. COM 73755L107 229725 6977049 SH SOLE 6885749 0 91300 Primerica Inc. COM 74164M108 84572 1970914 SH SOLE 1350273 0 620641 Procter & Gamble Co. COM 742718109 86312 1060215 SH SOLE 1044455 0 15760 Qualcomm Inc. COM 747525103 116983 1575534 SH SOLE 1550434 0 25100 RE/MAX Holdings Inc. COM 75524W108 22426 699284 SH SOLE 472137 0 227147 Ritchie Bros. Auctioneers Inc. COM 767744105 247771 10805554 SH SOLE 10691025 0 114529 Rogers Communications Inc. CL B 775109200 100821 2230782 SH SOLE 2198742 0 32040 Royal Bank of Canada COM 780087102 196366 2924741 SH SOLE 2882641 0 42100 Shaw Communications Inc. CL B 82028K200 157736 6490067 SH SOLE 6409567 0 80500 Solera Holdings Inc. COM 83421A104 42859 605702 SH SOLE 397993 0 207709 SS&C Technologies Holdings Inc. COM 78467J100 27591 623383 SH SOLE 456247 0 167136 Strayer Education Inc. COM 863236105 15714 455875 SH SOLE 346559 0 109316 Synnex Corp. COM 87162W100 70811 1050606 SH SOLE 722632 0 327974 Talisman Energy Inc. COM 87425E103 187 16100 SH SOLE 16100 0 0 Tech Data Corp. COM 878237106 46353 898310 SH SOLE 539029 0 359281 Teleflex Inc. COM 879369106 51587 549612 SH SOLE 369274 0 180338 TeleTech Holdings Inc. COM 879939106 3672 153392 SH SOLE 149085 0 4307 Thomson Reuters Corp. COM 884903105 211754 5606719 SH SOLE 5544633 0 62086 Toronto-Dominion Bank COM 891160509 189575 2014106 SH SOLE 1984383 0 29723 Tronox Ltd. CL A Q9235V101 29849 1293860 SH SOLE 1171126 0 122734 U.S. Concrete Inc. COM 90333L201 411 18161 SH SOLE 18161 0 0 Union Pacific Corp. COM 907818108 179925 1075293 SH SOLE 1063960 0 11333 United Technologies Corp. COM 913017109 184967 1629928 SH SOLE 1611617 0 18311 Valassis Communications Inc. COM 918866104 51694 1509308 SH SOLE 1013324 0 495984 Walgreen Co. COM 931422109 72296 1258634 SH SOLE 1238805 0 19829 Wal-Mart Stores Inc. COM 931142103 1180 15000 SH SOLE 15000 0 0 Weight Watchers International Inc. COM 948626106 34531 1048605 SH SOLE 730906 0 317699 Western Union Co. COM 959802109 100305 5814778 SH SOLE 5722350 0 92428 White Mountains Insurance Group, Ltd. COM G9618E107 3994 6623 SH SOLE 6440 0 183