0000950123-20-004798.txt : 20200514 0000950123-20-004798.hdr.sgml : 20200514 20200514094131 ACCESSION NUMBER: 0000950123-20-004798 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200514 DATE AS OF CHANGE: 20200514 EFFECTIVENESS DATE: 20200514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Burgundy Asset Management Ltd. CENTRAL INDEX KEY: 0001315868 IRS NUMBER: 980407588 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: 20875621 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 03-31-2020 03-31-2020 Burgundy Asset Management Ltd.
181 BAY ST. Suite 4510, BAY WELLINGTON TOWER Toronto A6 M5J 2T3
13F HOLDINGS REPORT 028-11129 Y Per informal guidance received from the Division of Investment Management, section 13(f) securities that are dual listed on a U.S. stock exchange and the Tel Aviv Stock Exchange were included in this Form 13F only if they were purchased in the U.S.
Hui Chun Cathy Lin Chief Compliance Officer 416-869-8984 /s/ Hui Chun Cathy Lin Toronto A6 05-14-2020 0 103 7362768 false
INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M Co. COM 88579Y101 1119 8200 SH SOLE 8200 0 0 Albany Intl Corp. CL A 012348108 230 4863 SH SOLE 4863 0 0 Allison Transmission Holdings Inc. COM 01973R101 222633 6827147 SH SOLE 6316387 0 510760 Alphabet Inc. CAP STK CL A 02079K305 400955 345071 SH SOLE 331851 0 13220 American Homes 4 Rent Real Estate Investment Trust CL A 02665T306 86058 3709382 SH SOLE 2651063 0 1058319 AmerisourceBergen Corp COM 03073E105 221796 2506172 SH SOLE 2370052 0 136120 Argo Group International Holdings Ltd. COM G0464B107 9796 264331 SH SOLE 197248 0 67083 Armstrong World Industries COM 04247X102 7963 100261 SH SOLE 63250 0 37011 Arthur J. Gallagher & Co. COM 363576109 103512 1269930 SH SOLE 906758 0 363172 AutoZone, Inc. COM 053332102 204542 241776 SH SOLE 231583 0 10193 Axalta Coating Systems Ltd. COM G0750C108 4554 263720 SH SOLE 256387 0 7333 Bank of Montreal COM 063671101 6511 130000 SH SOLE 130000 0 0 Bank of Nova Scotia COM 064149107 75316 1859238 SH SOLE 1833550 0 25688 Berkshire Hathaway Inc. CL B NEW 084670702 66658 364589 SH SOLE 340760 0 23829 Berkshire Hathaway Inc. CL A 084670108 91936 338 SH SOLE 338 0 0 Big Lots Inc. COM 089302103 882 62012 SH SOLE 62012 0 0 Boeing Co COM 097023105 1491 10000 SH SOLE 10000 0 0 Booking Holdings Inc. COM 09857L108 110143 81871 SH SOLE 77515 0 4356 Booz Allen Hamilton Holding Corp. CL A 099502106 38562 561803 SH SOLE 385936 0 175867 Brookfield Asset Management Inc. CL A LTD VT SH 112585104 124687 2835739 SH SOLE 2802419 0 33320 Brookfield Property Partners L.P. UNIT LTD PARTN G16249107 380 47311 SH SOLE 47311 0 0 Brown & Brown Inc. COM 115236101 45264 1249683 SH SOLE 852617 0 397066 Camco Investors Inc. CL A COM 361438104 996 90618 SH SOLE 90618 0 0 Canadian National Railway Co. COM 136375102 110987 1431035 SH SOLE 1413806 0 17229 Canadian Natural Resources Ltd. COM 136385101 347 25547 SH SOLE 25547 0 0 Canadian Pacific Railway Ltd. COM 13645T100 24867 113601 SH SOLE 111254 0 2347 CBIZ Inc. COM 124805102 35384 1691399 SH SOLE 1075473 0 615926 CDW Corp. COM 12514G108 341 3654 SH SOLE 3654 0 0 Cedar Fair L.P. DEPOSITRY UNIT 150185106 34789 1896897 SH SOLE 1342016 0 554881 Cenovus Energy Inc. COM 15135U109 40 20000 SH SOLE 20000 0 0 Coca-Cola Femsa S.A.B. de C.V. SPONSORD ADR REP 191241108 40377 1003658 SH SOLE 968393 0 35265 Colliers International Group SUB VTG SHS 194693107 26286 553951 SH SOLE 547086 0 6865 Copart Inc. COM 217204106 17605 256938 SH SOLE 250613 0 6325 Diageo PLC SPON ADR NEW 25243Q205 602 4736 SH SOLE 4736 0 0 Dollar Tree Inc. COM 256746108 116976 1592162 SH SOLE 1506489 0 85673 Eaton Vance Variable Rate Income Trust COM 278279104 8967 874823 SH SOLE 874823 0 0 Emerald Holding Inc. COM 29103W104 2303 889064 SH SOLE 566474 0 322590 Enbridge Inc. COM 29250N105 101674 3519872 SH SOLE 3485201 0 34671 Equity Commonwealth COM SH BEN INT 294628102 42759 1348436 SH SOLE 859758 0 488678 Expeditors International of Washington, Inc. COM 302130109 248 3721 SH SOLE 3721 0 0 Extended Stay America Inc. UNIT 99/99/9999B 30224P200 21475 2937703 SH SOLE 2086227 0 851476 Facebook Inc. CL A 30303M102 315196 1889666 SH SOLE 1810740 0 78926 Federated Investors Inc. CL B 314211103 18892 991701 SH SOLE 725706 0 265995 Franklin Resources, Inc. COM 354613101 458 27466 SH SOLE 27466 0 0 Generac Holdings Inc. COM 368736104 118718 1274210 SH SOLE 897125 0 377085 General Electric Co. COM 369604103 3176 400000 SH SOLE 400000 0 0 Gentex Corp. COM 371901109 98582 4448659 SH SOLE 3583037 0 865622 Graco Inc. COM 384109104 32068 658069 SH SOLE 466501 0 191568 Grand Canyon Education Inc. COM 38526M106 60579 794110 SH SOLE 554449 0 239661 Henry Schein Inc. COM 806407102 99416 1967849 SH SOLE 1863256 0 104593 Houghton Mifflin Harcourt Co. COM 44157R109 13823 7352433 SH SOLE 5289763 0 2062670 Houlihan Lokey, Inc. CL A 441593100 72303 1387236 SH SOLE 969672 0 417564 Imperial Oil Ltd. COM NEW 453038408 2503 223175 SH SOLE 221780 0 1395 Integra Lifesciences Holding COM NEW 457985208 233 5206 SH SOLE 5206 0 0 Invitation Homes Inc COM 46187W107 249 11642 SH SOLE 11642 0 0 ISHARES IBOXX HIGH YLD CORP IBOXX HI YD ETF 464288513 4624 60000 SH SOLE 60000 0 0 Jefferies Financial Group Inc. COM 47233W109 69742 5101841 SH SOLE 3719786 0 1382055 Johnson & Johnson COM 478160104 408988 3118947 SH SOLE 3001574 0 117373 JP Morgan Chase & Co. COM 46625H100 1758 19522 SH SOLE 19522 0 0 KAR Auction Services Inc. COM 48238T109 8651 720896 SH SOLE 520212 0 200684 Kennametal Inc. COM 489170100 36834 1978189 SH SOLE 1419868 0 558321 L3 Harris Technologies Inc. COM 502431109 140074 777670 SH SOLE 733968 0 43702 Laboratory Corporation of America Holdings COM NEW 50540R409 12530 99141 SH SOLE 96681 0 2460 Lamb Weston Holdings Inc. COM 513272104 229 4017 SH SOLE 4017 0 0 M&T Bank Corp. COM 55261F104 1034 10000 SH SOLE 10000 0 0 Main Street Capital Corp. COM 56035L104 32781 1598277 SH SOLE 1073052 0 525225 MarketAxess Holdings Inc. COM 57060D108 18834 56631 SH SOLE 44234 0 12397 Marriott Vacations Worldwide Corp. COM 57164Y107 11222 201913 SH SOLE 142545 0 59368 McDonald's Corp. COM 580135101 94759 573079 SH SOLE 545329 0 27750 Microsoft Corp. COM 594918104 351686 2229955 SH SOLE 2108587 0 121368 News Corp CL A 65249B109 99584 11095743 SH SOLE 10491159 0 604584 Northern Trust Corp. COM 665859104 167880 2224758 SH SOLE 2108589 0 116169 Nutrien Ltd. COM 67077M108 85718 2527720 SH SOLE 2499446 0 28274 Oracle Corp. COM 68389X105 267027 5525073 SH SOLE 5320826 0 204247 Penske Auto Group Inc. COM 70959W103 61854 2209061 SH SOLE 1580438 0 628623 PepsiCo Inc. COM 713448108 90003 749400 SH SOLE 710470 0 38930 Premier Inc. CL A 74051N102 91106 2784402 SH SOLE 2036976 0 747426 Primerica Inc. COM 74164M108 98715 1115677 SH SOLE 771311 0 344366 Qurate Retail Inc. COM SER A 74915M100 50698 8304363 SH SOLE 5964093 0 2340270 RE/MAX Holdings Inc. CL A 75524W108 37144 1694533 SH SOLE 1218155 0 476378 Restaurant Brands International Inc. COM 76131D103 135109 3379998 SH SOLE 3343760 0 36238 Ritchie Bros. Auctioneers Inc. COM 767744105 1015 29691 SH SOLE 29691 0 0 Rogers Communication Inc. CL B 775109200 937 22620 SH SOLE 14292 0 8328 Royal Bank of Canada COM 780087102 84248 1371151 SH SOLE 1353510 0 17641 Sabre Corp. COM 78573M104 82249 13869929 SH SOLE 13325122 0 544807 Shaw Communication Inc. CL B CONV 82028K200 28865 1793711 SH SOLE 1760159 0 33552 Simpson Manufacturing Co Inc. COM 829073105 20317 327807 SH SOLE 225332 0 102475 SS&C Technologies Holdings Inc. COM 78467J100 226291 5164096 SH SOLE 4344822 0 819274 Stantec Inc. COM 85472N109 106114 4181799 SH SOLE 4141608 0 40191 Strategic Education Inc. COM 86272C103 80109 573190 SH SOLE 435949 0 137241 Suncor Energy Inc. COM 867224107 29369 1855143 SH SOLE 1850370 0 4773 TC Energy Corp. COM 87807B107 115963 2630162 SH SOLE 2602806 0 27356 Telus Corp. COM 87971M103 261 16663 SH SOLE 16663 0 0 Toronto-Dominion Bank COM NEW 891160509 81047 1921792 SH SOLE 1896578 0 25214 Truist Financial Corp. COM 89832Q109 241829 7841392 SH SOLE 7532435 0 308957 United Fire Group Inc. COM 910340108 4537 139119 SH SOLE 100181 0 38938 United Technologies Corp. COM 913017109 308628 3271793 SH SOLE 3141536 0 130257 Valvoline Inc. COM 92047W101 180 13770 SH SOLE 13770 0 0 Waddell & Reed Financial, Inc. CL A 930059100 49613 4359669 SH SOLE 3087773 0 1271896 Walgreens Boots Alliance, Inc. COM 931427108 230108 5029676 SH SOLE 4834162 0 195514 Wyndham Destiinations Inc. COM 98310W108 8842 407452 SH SOLE 281108 0 126344 Wyndham Hotels & Resorts Inc. COM 98311A105 16425 521249 SH SOLE 384553 0 136696 ZTO Express Inc. SPONSORED ADS A 98980A105 19030 718640 SH SOLE 718640 0 0