0000950123-14-005432.txt : 20140512 0000950123-14-005432.hdr.sgml : 20140512 20140512151630 ACCESSION NUMBER: 0000950123-14-005432 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140331 FILED AS OF DATE: 20140512 DATE AS OF CHANGE: 20140512 EFFECTIVENESS DATE: 20140512 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: 14833164 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 03-31-2014 03-31-2014 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 05-02-2014 0 111 8206145 false INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M Co. COM 88579Y101 1357 10000 SH SOLE 10000 0 0 Altria Group Inc. COM 02209S103 750 20048 SH SOLE 20048 0 0 American Homes 4 Rent Real Estate Investment Trust COM 02665T306 59054 3534074 SH SOLE 2461047 0 1073027 AmerisourceBergen Corp. COM 03073E105 134347 2048285 SH SOLE 2018540 0 29745 Apple Inc. COM 037833100 191250 356348 SH SOLE 352408 0 3940 Ares Capital Corp. COM 04010L103 69050 3918859 SH SOLE 2583688 0 1335171 Argo Group International Holdings Ltd. COM G0464B107 5372 117031 SH SOLE 113532 0 3499 Arthur J. Gallagher & Co. COM 363576109 73298 1540512 SH SOLE 1011589 0 528923 Bank of Montreal COM 063671101 1004 15000 SH SOLE 15000 0 0 Bank of Nova Scotia COM 064149107 191261 3302078 SH SOLE 3256187 0 45891 Barrick Gold Corp. COM 067901108 208 11700 SH SOLE 11700 0 0 Baxter International Inc. COM 071813109 140052 1909307 SH SOLE 1888368 0 20939 BB&T Corp. COM 054937107 233095 5821705 SH SOLE 5765577 0 56128 Becton, Dickinson & Co. COM 075887109 113418 968724 SH SOLE 954306 0 14418 Berkshire Hathaway Inc. CL A 084670108 49460 264 SH SOLE 262 0 2 Berkshire Hathaway Inc. CL B 084670702 6330 50652 SH SOLE 42484 0 8168 Booz Allen Hamilton Holding Corp. COM 099502106 47458 2157179 SH SOLE 1504862 0 652317 Brookfield Infrastructure Partners LP COM G16252101 19067 484438 SH SOLE 433937 0 50501 Brown & Brown Inc. COM 115236101 51748 1682301 SH SOLE 1094068 0 588233 Canadian National Railway Co. COM 136375102 158899 2828160 SH SOLE 2800860 0 27300 Canadian Natural Resources Ltd. COM 136385101 213168 5561696 SH SOLE 5541428 0 20268 CARBO Ceramics Inc. COM 140781105 31346 227165 SH SOLE 148198 0 78967 CBIZ Inc. COM 124805102 45183 4932639 SH SOLE 3340018 0 1592621 Cenovus Energy Inc. COM 15135U109 211652 7318525 SH SOLE 7292475 0 26050 Cisco Systems Inc. COM 17275R102 196715 8784700 SH SOLE 8687832 0 96868 Coastal Contacts Inc. COM 19044R207 26930 2400803 SH SOLE 2400803 0 0 Coca-Cola Femsa S.A.B. de C.V. SPONSORED ADR 191241108 6319 59889 SH SOLE 59889 0 0 Copart Inc. COM 217204106 4991 137140 SH SOLE 133185 0 3955 Corporate Executive Board Co. COM 21988R102 68444 922048 SH SOLE 596529 0 325519 DeVry Education Group Inc. COM 251893103 96377 2273577 SH SOLE 1530937 0 742640 Diageo PLC SPONSORED ADR 25243Q205 590 4736 SH SOLE 4736 0 0 Dun & Bradstreet Corp. COM 26483E100 2751 27693 SH SOLE 26897 0 796 Eaton Vance Variable Rate Income Trust COM 278279104 10641 677790 SH SOLE 677790 0 0 Emerson Electric Co. COM 291011104 102830 1539367 SH SOLE 1515720 0 23647 Enbridge Inc. COM 29250N105 655 14421 SH SOLE 14421 0 0 EnCana Corp. COM 292505104 1808 84654 SH SOLE 83754 0 900 Entercom Communications Corp. CL A 293639100 6246 620241 SH SOLE 620241 0 0 Equifax Inc. COM 294429105 203745 2994932 SH SOLE 2531436 0 463496 Expedia Inc. COM 30212P303 51081 704570 SH SOLE 480272 0 224298 Expeditors International of Washington, Inc. COM 302130109 962 24265 SH SOLE 23563 0 702 Federated Investors Inc. CL B 314211103 49223 1611756 SH SOLE 1103739 0 508017 FirstService Corp. SUB VTG SH 33761N109 8083 170200 SH SOLE 170200 0 0 FXCM Inc. CL A 302693106 43948 2975463 SH SOLE 1990090 0 985373 General Electric Co. COM 369604103 1295 50000 SH SOLE 50000 0 0 Gentex Corp. COM 371901109 97617 3096013 SH SOLE 2135123 0 960890 GlaxoSmithKline PLC SPONSORED ADR 37733W105 474 8867 SH SOLE 8867 0 0 Google Inc. CL A 38259P508 101359 90945 SH SOLE 89537 0 1408 Graco Inc. COM 384109104 39724 531492 SH SOLE 352096 0 179396 Harris Corp. COM 413875105 10074 137697 SH SOLE 134141 0 3556 HCC Insurance Holdings Inc. COM 404132102 67546 1484849 SH SOLE 928622 0 556227 Hilltop Holdings Inc. COM 432748101 110498 4644735 SH SOLE 2943175 0 1701560 Humana Inc. COM 444859102 112386 997034 SH SOLE 981552 0 15482 Imperial Oil Ltd. COM 453038408 95945 2060291 SH SOLE 2052191 0 8100 Jacobs Engineering Group Inc. COM 469814107 4983 78475 SH SOLE 76211 0 2264 Johnson & Johnson COM 478160104 273875 2793896 SH SOLE 2765963 0 27933 JTH Holding Inc. CL A 46637N103 432 15586 SH SOLE 15586 0 0 Kayne Anderson Energy Development Co. COM 48660Q102 28119 909719 SH SOLE 588936 0 320783 Kraft Foods Group Inc. COM 50076Q106 842 15000 SH SOLE 15000 0 0 Laboratory Corporation of America Holdings COM 50540R409 6591 67107 SH SOLE 65184 0 1923 Leucadia National Corp. COM 527288104 163398 5835626 SH SOLE 5013233 0 822393 LoJack Corp. COM 539451104 618 108469 SH SOLE 108469 0 0 Lorillard Inc. COM 544147101 123169 2277541 SH SOLE 2240422 0 37119 M&T Bank Corp. COM 55261F104 222 1831 SH SOLE 1831 0 0 Madison Square Garden Co. COM 55826P100 40506 713392 SH SOLE 673808 0 39584 MarketAxess Holdings Inc. COM 57060D108 92838 1567675 SH SOLE 946042 0 621633 McCormick & Co., Inc. COM 579780206 3820 53243 SH SOLE 53243 0 0 McDonald's Corp. COM 580135101 2711 27657 SH SOLE 27657 0 0 Merck & Co., Inc. COM 58933Y105 544 9589 SH SOLE 9589 0 0 MICROS Systems Inc. COM 594901100 50575 955498 SH SOLE 676055 0 279443 Microsoft Corp. COM 594918104 115171 2809739 SH SOLE 2770818 0 38921 Mondelez International Inc. COM 609207105 518 15000 SH SOLE 15000 0 0 Moody's Corp. COM 615369105 3279 41337 SH SOLE 40240 0 1097 Morgan Stanley COM 617446448 614 19694 SH SOLE 19694 0 0 MSCI Inc. COM 55354G100 73344 1704874 SH SOLE 1159002 0 545872 Northern Trust Corp. COM 665859104 121419 1852028 SH SOLE 1826117 0 25911 Novartis AG SPONSORED ADR 66987V109 685 8060 SH SOLE 8060 0 0 Nutraceutical International Corp. COM 67060Y101 27011 1039276 SH SOLE 660098 0 379178 Occidental Petroleum Corp. COM 674599105 212078 2223720 SH SOLE 2201752 0 21968 Oracle Corp. COM 68389X105 229166 5658881 SH SOLE 5598291 0 60590 Penske Auto Group Inc. COM 70959W103 92753 2169150 SH SOLE 1411713 0 757437 PepsiCo Inc. COM 713448108 165026 1980859 SH SOLE 1962470 0 18389 Pfizer Inc. COM 717081103 741 23070 SH SOLE 23070 0 0 Philip Morris International Inc. COM 718172109 232815 2852560 SH SOLE 2819842 0 32718 Potash Corporation of Saskatchewan Inc. COM 73755L107 266137 7356949 SH SOLE 7265049 0 91900 Primerica Inc. COM 74164M108 90704 1925374 SH SOLE 1304733 0 620641 Procter & Gamble Co. COM 742718109 88552 1098664 SH SOLE 1082936 0 15728 Qualcomm Inc. COM 747525103 127476 1616479 SH SOLE 1591430 0 25049 RE/MAX Holdings Inc. COM 75524W108 20241 702069 SH SOLE 474922 0 227147 Ritchie Bros. Auctioneers Inc. COM 767744105 237851 9857075 SH SOLE 9751046 0 106029 Rogers Communications Inc., CL B 775109200 94134 2271594 SH SOLE 2239554 0 32040 Royal Bank of Canada COM 780087102 196083 2973822 SH SOLE 2931722 0 42100 Shaw Communications Inc. CL B 82028K200 156744 6563404 SH SOLE 6483004 0 80400 Solera Holdings Inc. COM 83421A104 38352 605488 SH SOLE 397779 0 207709 SS&C Technologies Holdings Inc. COM 78467J100 25127 627859 SH SOLE 460043 0 167816 Strayer Education Inc. COM 863236105 21169 455944 SH SOLE 346628 0 109316 Synnex Corp. COM 87162W100 63667 1050437 SH SOLE 722463 0 327974 Talisman Energy Inc. COM 87425E103 160 16100 SH SOLE 16100 0 0 Tech Data Corp. COM 878237106 51738 848720 SH SOLE 490721 0 357999 Teleflex Inc. COM 879369106 58917 549397 SH SOLE 369059 0 180338 TeleTech Holdings Inc. COM 879939106 3972 162053 SH SOLE 157264 0 4789 Thomson Reuters Corp. COM 884903105 192582 5633538 SH SOLE 5571552 0 61986 Toronto-Dominion Bank COM 891160509 191802 4090872 SH SOLE 4031526 0 59346 Tronox Ltd. CL A Q9235V101 30492 1282778 SH SOLE 1160044 0 122734 U.S. Concrete Inc. COM 90333L201 427 18161 SH SOLE 18161 0 0 Union Pacific Corp. COM 907818108 207570 1112152 SH SOLE 1100840 0 11312 United Technologies Corp. COM 913017109 197346 1698026 SH SOLE 1679750 0 18276 Walgreen Co. COM 931422109 85088 1288620 SH SOLE 1268831 0 19789 Wal-Mart Stores Inc. COM 931142103 1146 15000 SH SOLE 15000 0 0 Weight Watchers International Inc. COM 948626106 21644 1053756 SH SOLE 735873 0 317883 Western Union Co. COM 959802109 97911 5984774 SH SOLE 5892536 0 92238 White Mountains Insurance Group Ltd. COM G9618E107 4165 6943 SH SOLE 6743 0 200