The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. | |||||||||||||||||
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F INFORMATION TABLE |
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| COLUMN 1 | COLUMN 2 | COLUMN 3 | COLUMN 4 | COLUMN 5 | COLUMN 6 | COLUMN 7 | COLUMN 8 | ||||
| VALUE | SHRS OR | SH/ | PUT/ | INVESTMENT | OTHER | VOTING AUTHORITY | |||||
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | (x$1000) | PRN AMT | PRN | CALL | DISCRETION | MANAGER | SOLE | SHARED | NONE |
| 3M Co. | COM | 88579Y101 | 1,119 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Albany Intl Corp. | CL A | 012348108 | 230 | 4,863 | SH | SOLE | 4,863 | 0 | 0 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 222,633 | 6,827,147 | SH | SOLE | 6,316,387 | 0 | 510,760 | ||
| Alphabet Inc. | CAP STK CL A | 02079K305 | 400,955 | 345,071 | SH | SOLE | 331,851 | 0 | 13,220 | ||
| American Homes 4 Rent Real Estate Investment Trust | CL A | 02665T306 | 86,058 | 3,709,382 | SH | SOLE | 2,651,063 | 0 | 1,058,319 | ||
| AmerisourceBergen Corp | COM | 03073E105 | 221,796 | 2,506,172 | SH | SOLE | 2,370,052 | 0 | 136,120 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 9,796 | 264,331 | SH | SOLE | 197,248 | 0 | 67,083 | ||
| Armstrong World Industries | COM | 04247X102 | 7,963 | 100,261 | SH | SOLE | 63,250 | 0 | 37,011 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 103,512 | 1,269,930 | SH | SOLE | 906,758 | 0 | 363,172 | ||
| AutoZone, Inc. | COM | 053332102 | 204,542 | 241,776 | SH | SOLE | 231,583 | 0 | 10,193 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 4,554 | 263,720 | SH | SOLE | 256,387 | 0 | 7,333 | ||
| Bank of Montreal | COM | 063671101 | 6,511 | 130,000 | SH | SOLE | 130,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 75,316 | 1,859,238 | SH | SOLE | 1,833,550 | 0 | 25,688 | ||
| Berkshire Hathaway Inc. | CL B NEW | 084670702 | 66,658 | 364,589 | SH | SOLE | 340,760 | 0 | 23,829 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 91,936 | 338 | SH | SOLE | 338 | 0 | 0 | ||
| Big Lots Inc. | COM | 089302103 | 882 | 62,012 | SH | SOLE | 62,012 | 0 | 0 | ||
| Boeing Co | COM | 097023105 | 1,491 | 10,000 | SH | SOLE | 10,000 | 0 | 0 | ||
| Booking Holdings Inc. | COM | 09857L108 | 110,143 | 81,871 | SH | SOLE | 77,515 | 0 | 4,356 | ||
| Booz Allen Hamilton Holding Corp. | CL A | 099502106 | 38,562 | 561,803 | SH | SOLE | 385,936 | 0 | 175,867 | ||
| Brookfield Asset Management Inc. | CL A LTD VT SH | 112585104 | 124,687 | 2,835,739 | SH | SOLE | 2,802,419 | 0 | 33,320 | ||
| Brookfield Property Partners L.P. | UNIT LTD PARTN | G16249107 | 380 | 47,311 | SH | SOLE | 47,311 | 0 | 0 | ||
| Brown & Brown Inc. | COM | 115236101 | 45,264 | 1,249,683 | SH | SOLE | 852,617 | 0 | 397,066 | ||
| Camco Investors Inc. | CL A COM | 361438104 | 996 | 90,618 | SH | SOLE | 90,618 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 110,987 | 1,431,035 | SH | SOLE | 1,413,806 | 0 | 17,229 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 347 | 25,547 | SH | SOLE | 25,547 | 0 | 0 | ||
| Canadian Pacific Railway Ltd. | COM | 13645T100 | 24,867 | 113,601 | SH | SOLE | 111,254 | 0 | 2,347 | ||
| CBIZ Inc. | COM | 124805102 | 35,384 | 1,691,399 | SH | SOLE | 1,075,473 | 0 | 615,926 | ||
| CDW Corp. | COM | 12514G108 | 341 | 3,654 | SH | SOLE | 3,654 | 0 | 0 | ||
| Cedar Fair L.P. | DEPOSITRY UNIT | 150185106 | 34,789 | 1,896,897 | SH | SOLE | 1,342,016 | 0 | 554,881 | ||
| Cenovus Energy Inc. | COM | 15135U109 | 40 | 20,000 | SH | SOLE | 20,000 | 0 | 0 | ||
| Coca-Cola Femsa S.A.B. de C.V. | SPONSORD ADR REP | 191241108 | 40,377 | 1,003,658 | SH | SOLE | 968,393 | 0 | 35,265 | ||
| Colliers International Group | SUB VTG SHS | 194693107 | 26,286 | 553,951 | SH | SOLE | 547,086 | 0 | 6,865 | ||
| Copart Inc. | COM | 217204106 | 17,605 | 256,938 | SH | SOLE | 250,613 | 0 | 6,325 | ||
| Diageo PLC | SPON ADR NEW | 25243Q205 | 602 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Dollar Tree Inc. | COM | 256746108 | 116,976 | 1,592,162 | SH | SOLE | 1,506,489 | 0 | 85,673 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 8,967 | 874,823 | SH | SOLE | 874,823 | 0 | 0 | ||
| Emerald Holding Inc. | COM | 29103W104 | 2,303 | 889,064 | SH | SOLE | 566,474 | 0 | 322,590 | ||
| Enbridge Inc. | COM | 29250N105 | 101,674 | 3,519,872 | SH | SOLE | 3,485,201 | 0 | 34,671 | ||
| Equity Commonwealth | COM SH BEN INT | 294628102 | 42,759 | 1,348,436 | SH | SOLE | 859,758 | 0 | 488,678 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 248 | 3,721 | SH | SOLE | 3,721 | 0 | 0 | ||
| Extended Stay America Inc. | UNIT 99/99/9999B | 30224P200 | 21,475 | 2,937,703 | SH | SOLE | 2,086,227 | 0 | 851,476 | ||
| Facebook Inc. | CL A | 30303M102 | 315,196 | 1,889,666 | SH | SOLE | 1,810,740 | 0 | 78,926 | ||
| Federated Investors Inc. | CL B | 314211103 | 18,892 | 991,701 | SH | SOLE | 725,706 | 0 | 265,995 | ||
| Franklin Resources, Inc. | COM | 354613101 | 458 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Generac Holdings Inc. | COM | 368736104 | 118,718 | 1,274,210 | SH | SOLE | 897,125 | 0 | 377,085 | ||
| General Electric Co. | COM | 369604103 | 3,176 | 400,000 | SH | SOLE | 400,000 | 0 | 0 | ||
| Gentex Corp. | COM | 371901109 | 98,582 | 4,448,659 | SH | SOLE | 3,583,037 | 0 | 865,622 | ||
| Graco Inc. | COM | 384109104 | 32,068 | 658,069 | SH | SOLE | 466,501 | 0 | 191,568 | ||
| Grand Canyon Education Inc. | COM | 38526M106 | 60,579 | 794,110 | SH | SOLE | 554,449 | 0 | 239,661 | ||
| Henry Schein Inc. | COM | 806407102 | 99,416 | 1,967,849 | SH | SOLE | 1,863,256 | 0 | 104,593 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 13,823 | 7,352,433 | SH | SOLE | 5,289,763 | 0 | 2,062,670 | ||
| Houlihan Lokey, Inc. | CL A | 441593100 | 72,303 | 1,387,236 | SH | SOLE | 969,672 | 0 | 417,564 | ||
| Imperial Oil Ltd. | COM NEW | 453038408 | 2,503 | 223,175 | SH | SOLE | 221,780 | 0 | 1,395 | ||
| Integra Lifesciences Holding | COM NEW | 457985208 | 233 | 5,206 | SH | SOLE | 5,206 | 0 | 0 | ||
| Invitation Homes Inc | COM | 46187W107 | 249 | 11,642 | SH | SOLE | 11,642 | 0 | 0 | ||
| ISHARES IBOXX HIGH YLD CORP | IBOXX HI YD ETF | 464288513 | 4,624 | 60,000 | SH | SOLE | 60,000 | 0 | 0 | ||
| Jefferies Financial Group Inc. | COM | 47233W109 | 69,742 | 5,101,841 | SH | SOLE | 3,719,786 | 0 | 1,382,055 | ||
| Johnson & Johnson | COM | 478160104 | 408,988 | 3,118,947 | SH | SOLE | 3,001,574 | 0 | 117,373 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 1,758 | 19,522 | SH | SOLE | 19,522 | 0 | 0 | ||
| KAR Auction Services Inc. | COM | 48238T109 | 8,651 | 720,896 | SH | SOLE | 520,212 | 0 | 200,684 | ||
| Kennametal Inc. | COM | 489170100 | 36,834 | 1,978,189 | SH | SOLE | 1,419,868 | 0 | 558,321 | ||
| L3 Harris Technologies Inc. | COM | 502431109 | 140,074 | 777,670 | SH | SOLE | 733,968 | 0 | 43,702 | ||
| Laboratory Corporation of America Holdings | COM NEW | 50540R409 | 12,530 | 99,141 | SH | SOLE | 96,681 | 0 | 2,460 | ||
| Lamb Weston Holdings Inc. | COM | 513272104 | 229 | 4,017 | SH | SOLE | 4,017 | 0 | 0 | ||
| M&T Bank Corp. | COM | 55261F104 | 1,034 | 10,000 | SH | SOLE | 10,000 | 0 | 0 | ||
| Main Street Capital Corp. | COM | 56035L104 | 32,781 | 1,598,277 | SH | SOLE | 1,073,052 | 0 | 525,225 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 18,834 | 56,631 | SH | SOLE | 44,234 | 0 | 12,397 | ||
| Marriott Vacations Worldwide Corp. | COM | 57164Y107 | 11,222 | 201,913 | SH | SOLE | 142,545 | 0 | 59,368 | ||
| McDonald's Corp. | COM | 580135101 | 94,759 | 573,079 | SH | SOLE | 545,329 | 0 | 27,750 | ||
| Microsoft Corp. | COM | 594918104 | 351,686 | 2,229,955 | SH | SOLE | 2,108,587 | 0 | 121,368 | ||
| News Corp | CL A | 65249B109 | 99,584 | 11,095,743 | SH | SOLE | 10,491,159 | 0 | 604,584 | ||
| Northern Trust Corp. | COM | 665859104 | 167,880 | 2,224,758 | SH | SOLE | 2,108,589 | 0 | 116,169 | ||
| Nutrien Ltd. | COM | 67077M108 | 85,718 | 2,527,720 | SH | SOLE | 2,499,446 | 0 | 28,274 | ||
| Oracle Corp. | COM | 68389X105 | 267,027 | 5,525,073 | SH | SOLE | 5,320,826 | 0 | 204,247 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 61,854 | 2,209,061 | SH | SOLE | 1,580,438 | 0 | 628,623 | ||
| PepsiCo Inc. | COM | 713448108 | 90,003 | 749,400 | SH | SOLE | 710,470 | 0 | 38,930 | ||
| Premier Inc. | CL A | 74051N102 | 91,106 | 2,784,402 | SH | SOLE | 2,036,976 | 0 | 747,426 | ||
| Primerica Inc. | COM | 74164M108 | 98,715 | 1,115,677 | SH | SOLE | 771,311 | 0 | 344,366 | ||
| Qurate Retail Inc. | COM SER A | 74915M100 | 50,698 | 8,304,363 | SH | SOLE | 5,964,093 | 0 | 2,340,270 | ||
| RE/MAX Holdings Inc. | CL A | 75524W108 | 37,144 | 1,694,533 | SH | SOLE | 1,218,155 | 0 | 476,378 | ||
| Restaurant Brands International Inc. | COM | 76131D103 | 135,109 | 3,379,998 | SH | SOLE | 3,343,760 | 0 | 36,238 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 1,015 | 29,691 | SH | SOLE | 29,691 | 0 | 0 | ||
| Rogers Communication Inc. | CL B | 775109200 | 937 | 22,620 | SH | SOLE | 14,292 | 0 | 8,328 | ||
| Royal Bank of Canada | COM | 780087102 | 84,248 | 1,371,151 | SH | SOLE | 1,353,510 | 0 | 17,641 | ||
| Sabre Corp. | COM | 78573M104 | 82,249 | 13,869,929 | SH | SOLE | 13,325,122 | 0 | 544,807 | ||
| Shaw Communication Inc. | CL B CONV | 82028K200 | 28,865 | 1,793,711 | SH | SOLE | 1,760,159 | 0 | 33,552 | ||
| Simpson Manufacturing Co Inc. | COM | 829073105 | 20,317 | 327,807 | SH | SOLE | 225,332 | 0 | 102,475 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 226,291 | 5,164,096 | SH | SOLE | 4,344,822 | 0 | 819,274 | ||
| Stantec Inc. | COM | 85472N109 | 106,114 | 4,181,799 | SH | SOLE | 4,141,608 | 0 | 40,191 | ||
| Strategic Education Inc. | COM | 86272C103 | 80,109 | 573,190 | SH | SOLE | 435,949 | 0 | 137,241 | ||
| Suncor Energy Inc. | COM | 867224107 | 29,369 | 1,855,143 | SH | SOLE | 1,850,370 | 0 | 4,773 | ||
| TC Energy Corp. | COM | 87807B107 | 115,963 | 2,630,162 | SH | SOLE | 2,602,806 | 0 | 27,356 | ||
| Telus Corp. | COM | 87971M103 | 261 | 16,663 | SH | SOLE | 16,663 | 0 | 0 | ||
| Toronto-Dominion Bank | COM NEW | 891160509 | 81,047 | 1,921,792 | SH | SOLE | 1,896,578 | 0 | 25,214 | ||
| Truist Financial Corp. | COM | 89832Q109 | 241,829 | 7,841,392 | SH | SOLE | 7,532,435 | 0 | 308,957 | ||
| United Fire Group Inc. | COM | 910340108 | 4,537 | 139,119 | SH | SOLE | 100,181 | 0 | 38,938 | ||
| United Technologies Corp. | COM | 913017109 | 308,628 | 3,271,793 | SH | SOLE | 3,141,536 | 0 | 130,257 | ||
| Valvoline Inc. | COM | 92047W101 | 180 | 13,770 | SH | SOLE | 13,770 | 0 | 0 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 49,613 | 4,359,669 | SH | SOLE | 3,087,773 | 0 | 1,271,896 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 230,108 | 5,029,676 | SH | SOLE | 4,834,162 | 0 | 195,514 | ||
| Wyndham Destiinations Inc. | COM | 98310W108 | 8,842 | 407,452 | SH | SOLE | 281,108 | 0 | 126,344 | ||
| Wyndham Hotels & Resorts Inc. | COM | 98311A105 | 16,425 | 521,249 | SH | SOLE | 384,553 | 0 | 136,696 | ||
| ZTO Express Inc. | SPONSORED ADS A | 98980A105 | 19,030 | 718,640 | SH | SOLE | 718,640 | 0 | 0 | ||