0000950123-15-001108.txt : 20150209 0000950123-15-001108.hdr.sgml : 20150209 20150209102244 ACCESSION NUMBER: 0000950123-15-001108 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150209 DATE AS OF CHANGE: 20150209 EFFECTIVENESS DATE: 20150209 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: 15587001 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 12-31-2014 12-31-2014 Burgundy Asset Management Ltd.

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

13F HOLDINGS REPORT 028-11129 N Kathleen Taylor 416-869-3222 /s/ Kathleen Taylor Toronto A6 02-09-2015 0 104 9062155 false INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M Co. COM 88579Y101 1643 10000 SH SOLE 10000 0 0 Allison Transmission Holdings Inc. COM 01973R101 81816 2413439 SH SOLE 2374397 0 39042 Altria Group Inc. COM 02209S103 988 20048 SH SOLE 20048 0 0 American Capital, Ltd. COM 02503Y103 4313 295214 SH SOLE 285934 0 9280 American Homes 4 Rent Real Estate Investment Trust COM 02665T306 66033 3877428 SH SOLE 2668106 0 1209322 AmerisourceBergen Corp. COM 03073E105 189543 2102291 SH SOLE 2071112 0 31179 Apple Inc. COM 037833100 192597 1733705 SH SOLE 1713423 0 20282 Ares Capital Corp. COM 04010L103 60057 3848570 SH SOLE 2475141 0 1373429 Argo Group International Holdings Ltd. COM G0464B107 4686 84475 SH SOLE 81716 0 2759 Arthur J. Gallagher & Co. COM 363576109 70880 1505526 SH SOLE 961796 0 543730 Bank of Nova Scotia COM 064149107 205718 3599042 SH SOLE 3549113 0 49929 BB&T Corp. COM 054937107 270192 6919662 SH SOLE 6838471 0 81191 Becton, Dickinson & Co. COM 075887109 109754 788688 SH SOLE 776341 0 12347 Berkshire Hathaway Inc. CL A 084670108 61924 274 SH SOLE 272 0 2 Berkshire Hathaway Inc. CL B 084670702 8027 53459 SH SOLE 44837 0 8622 Booz Allen Hamilton Holding Corp. COM 099502106 56309 2122474 SH SOLE 1450956 0 671518 Brookfield Asset Management Inc. CL A 112585104 979 19500 SH SOLE 19500 0 0 Brookfield Infrastructure Partners LP COM G16252101 22138 455049 SH SOLE 401048 0 54001 Brown & Brown Inc. COM 115236101 54534 1657059 SH SOLE 1052122 0 604937 California Resources Corp. COM 13057Q107 1076 194752 SH SOLE 192392 0 2360 Canadian National Railway Co. COM 136375102 205509 2979377 SH SOLE 2950077 0 29300 Canadian Natural Resources Ltd. COM 136385101 184686 5964731 SH SOLE 5946369 0 18362 CARBO Ceramics Inc. COM 140781105 18189 454163 SH SOLE 307539 0 146624 CBIZ Inc. COM 124805102 40956 4784635 SH SOLE 3147244 0 1637391 Cenovus Energy Inc. COM 15135U109 326464 15821694 SH SOLE 15765080 0 56614 Cisco Systems Inc. COM 17275R102 205526 7353596 SH SOLE 7268115 0 85481 Coca-Cola Femsa S.A.B. de C.V. SPONSORED ADR 191241108 10370 119862 SH SOLE 119862 0 0 Copart Inc. COM 217204106 5569 152616 SH SOLE 147846 0 4770 Corporate Executive Board Co. COM 21988R102 65669 905403 SH SOLE 570863 0 334540 Cumulus Media Inc. CL A 231082108 41564 9825933 SH SOLE 6118072 0 3707861 DeVry Education Group Inc. COM 251893103 101638 2141097 SH SOLE 1381305 0 759792 Diageo PLC SPONSORED ADR 25243Q205 540 4736 SH SOLE 4736 0 0 Dun & Bradstreet Corp. COM 26483E100 1413 11685 SH SOLE 11300 0 385 Eaton Vance Variable Rate Income Trust COM 278279104 10804 777790 SH SOLE 777790 0 0 Emerson Electric Co. COM 291011104 81209 1315554 SH SOLE 1295274 0 20280 Enbridge Inc. COM 29250N105 537 10421 SH SOLE 10421 0 0 Entercom Communications Corp. CL A 293639100 7775 639415 SH SOLE 639415 0 0 Equifax Inc. COM 294429105 246092 3043061 SH SOLE 2566071 0 476990 Expedia Inc. COM 30212P303 57606 674864 SH SOLE 445243 0 229621 Expeditors International of Washington, Inc. COM 302130109 2358 52867 SH SOLE 51183 0 1684 Federated Investors Inc. CL B 314211103 52045 1580474 SH SOLE 1057643 0 522831 FirstService Corp. SUB VTG SH 33761N109 8697 170200 SH SOLE 170200 0 0 Generac Holdings Inc. COM 368736104 50324 1076225 SH SOLE 733411 0 342814 General Electric Co. COM 369604103 1264 50000 SH SOLE 50000 0 0 Gentex Corp. COM 371901109 175833 4866680 SH SOLE 3830047 0 1036633 Graco Inc. COM 384109104 42193 526223 SH SOLE 341760 0 184463 HCC Insurance Holdings Inc. COM 404132102 77426 1446672 SH SOLE 875117 0 571555 Hilltop Holdings Inc. COM 432748101 67302 3373558 SH SOLE 2073804 0 1299754 Hornbeck Offshore Services, Inc. COM 440543106 2707 108427 SH SOLE 104876 0 3551 Humana Inc. COM 444859102 120022 835631 SH SOLE 822587 0 13044 Jacobs Engineering Group Inc. COM 469814107 83188 1861449 SH SOLE 1540499 0 320950 Johnson & Johnson COM 478160104 284228 2712899 SH SOLE 2679607 0 33292 Kayne Anderson Energy Development Co. COM 48660Q102 31300 875765 SH SOLE 546544 0 329221 Kraft Foods Group Inc. COM 50076Q106 940 15000 SH SOLE 15000 0 0 Laboratory Corporation of America Holdings COM 50540R409 7916 73363 SH SOLE 71043 0 2320 Leucadia National Corp. COM 527288104 138627 6183177 SH SOLE 5219758 0 963419 Liberty Tax Inc COM 53128T102 701 19614 SH SOLE 19614 0 0 LoJack Corp. COM 539451104 257 101544 SH SOLE 101544 0 0 Lorillard Inc. COM 544147101 149951 2382443 SH SOLE 2343150 0 39293 M&T Bank Corp. COM 55261F104 212 1691 SH SOLE 1691 0 0 Madison Square Garden Co. COM 55826P100 52600 698907 SH SOLE 472867 0 226040 MarketAxess Holdings Inc. COM 57060D108 110531 1541362 SH SOLE 902534 0 638828 McCormick & Co., Inc. COM 579780206 4570 61512 SH SOLE 61512 0 0 McDonald's Corp. COM 580135101 133188 1421425 SH SOLE 1399396 0 22029 Merck & Co., Inc. COM 58933Y105 512 9015 SH SOLE 9015 0 0 Microsoft Corp. COM 594918104 117106 2521125 SH SOLE 2482074 0 39051 Mondelez International Inc. COM 609207105 545 15000 SH SOLE 15000 0 0 Moody's Corp. COM 615369105 2933 30612 SH SOLE 29723 0 889 Morgan Stanley COM 617446448 1399 36047 SH SOLE 36047 0 0 MSCI Inc. COM 55354G100 77161 1626488 SH SOLE 1066165 0 560323 Norfolk Southern Corp. COM 655844108 200 1827 SH SOLE 1827 0 0 Northern Trust Corp. COM 665859104 136048 2018522 SH SOLE 1988257 0 30265 Nutraceutical International Corp. COM 67060Y101 21760 1009292 SH SOLE 625031 0 384261 Occidental Petroleum Corp. COM 674599105 215827 2669638 SH SOLE 2636595 0 33043 Oracle Corp. COM 68389X105 275607 6114144 SH SOLE 6040288 0 73856 Penske Auto Group Inc. COM 70959W103 105121 2142269 SH SOLE 1365325 0 776944 PepsiCo Inc. COM 713448108 188353 1982842 SH SOLE 1960953 0 21889 Pfizer Inc. COM 717081103 768 24654 SH SOLE 24654 0 0 Philip Morris International Inc. COM 718172109 254324 3111021 SH SOLE 3071353 0 39668 Potash Corporation of Saskatchewan Inc. COM 73755L107 282688 7985002 SH SOLE 7884402 0 100600 Premier Inc. CL A 74051N102 5910 176255 SH SOLE 170771 0 5484 Primerica Inc. COM 74164M108 100730 1856433 SH SOLE 1217559 0 638874 Procter & Gamble Co. COM 742718109 103970 1141397 SH SOLE 1124974 0 16423 RE/MAX Holdings Inc. COM 75524W108 51030 1489925 SH SOLE 1036790 0 453135 Ritchie Bros. Auctioneers Inc. COM 767744105 214828 7989149 SH SOLE 7892668 0 96481 Rogers Communications Inc. CL B 775109200 100819 2589318 SH SOLE 2543132 0 46186 Royal Bank of Canada COM 780087102 218804 3163426 SH SOLE 3116926 0 46500 Shaw Communications Inc. CL B 82028K200 132480 4902346 SH SOLE 4841400 0 60946 SS&C Technologies Holdings Inc. COM 78467J100 90049 1539569 SH SOLE 1050624 0 488945 Strayer Education Inc. COM 863236105 33267 447865 SH SOLE 335611 0 112254 Synnex Corp. COM 87162W100 73510 940509 SH SOLE 606011 0 334498 Tech Data Corp. COM 878237106 52807 835156 SH SOLE 467481 0 367675 Teleflex Inc. COM 879369106 56561 492605 SH SOLE 308590 0 184015 TeleTech Holdings Inc. COM 879939106 6831 288475 SH SOLE 278969 0 9506 The Babcock & Wilcox Co. COM 05615F102 151831 5010927 SH SOLE 4926656 0 84271 Thomson Reuters Corp. COM 884903105 235782 5835899 SH SOLE 5764757 0 71142 Toronto-Dominion Bank COM 891160509 209546 4379256 SH SOLE 4314900 0 64356 Tronox Ltd. CL A Q9235V101 29468 1233999 SH SOLE 1102251 0 131748 U.S. Concrete Inc. COM 90333L201 517 18161 SH SOLE 18161 0 0 Union Pacific Corp. COM 907818108 285438 2388972 SH SOLE 2360817 0 28155 United Technologies Corp. COM 913017109 264728 2294819 SH SOLE 2265909 0 28910 Walgreens Boots Alliance, Inc. COM 931427108 280921 3688832 SH SOLE 3643480 0 45352 Wal-Mart Stores Inc. COM 931142103 1288 15000 SH SOLE 15000 0 0 White Mountains Insurance Group Ltd. COM G9618E107 6983 11082 SH SOLE 10730 0 352