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Reported Holdings Of The
Burgundy Asset Management Ltd

Legal Name: BURGUNDY ASSET MANAGEMENT LTD.

Period of report: Jun 30, 2019
Effectiveness Date: Aug 14, 2019

Security Shares Held / Principal Amount Market Value Option
UNITED TECHNOLOGIES (913017109) 3,520,610 $458,383k
BB&T CORPORATION (054937107) 8,767,838 $430,764k
MICROSOFT CORP (594918104) 3,209,471 $429,941k
SABRE CORP (78573M104) 18,993,085 $421,646k
WALGREENS BOOTS ALLI (931427108) 7,323,098 $400,354k
JOHNSON & JOHNSON (478160104) 2,441,270 $340,020k
ALPHABET INC (02079K305) 307,857 $333,348k
PEPSICO INC (713448108) 2,272,511 $297,994k
ORACLE CORP (68389X105) 4,899,412 $279,120k
ALLISON TRANSMISSION HOLDING (01973R101) 5,931,903 $274,944k
Apple Inc (037833100) 1,251,246 $247,647k
Facebook Inc (30303M102) 1,258,011 $242,796k
NORTHERN TR CORP (665859104) 2,659,424 $239,348k
GENTEX CORP (371901109) 9,660,112 $237,735k
TC ENERGY (87807B107) 4,418,793 $219,202k
ABC (03073E105) 2,423,696 $206,644k
ENBRIDGE INC (29250N105) 5,439,380 $196,595k
RESTAURANT BRANDS INTL INC (76131D103) 2,783,820 $193,722k
BECTON DICKINSON (075887109) 732,519 $184,602k
TEXAS INSTRUMENTS (882508104) 1,582,402 $181,596k
CDN NATL RAILWAY (136375102) 1,950,408 $180,630k
Nutrien Ltd (67077M108) 3,317,584 $177,579k
HARRIS CORP DEL (413875105) 933,758 $176,602k
AUTOZONE INC (053332102) 144,396 $158,759k
ROYAL BANK CDA (780087102) 1,954,072 $155,392k
TORONTO DOMINION BK (891160509) 2,623,016 $153,369k
BROOKFIELD ASSET MGT (112585104) 2,962,781 $141,835k
NEWS CORP NEW (65249B109) 10,311,802 $139,106k
BANK N S HALIFAX (064149107) 2,514,966 $135,175k
PRIMERICA INC (74164M108) 1,074,026 $128,829k
SS&C TECH HLDGS (78467J100) 2,153,205 $124,046k
MCDONALDS CORP (580135101) 580,889 $120,627k
SHAW COMMUNICATIONS (82028K200) 5,636,155 $115,075k
BERKSHIRE HATHAWAY (084670108) 331 $105,374k
GALLAGHER ARTHUR J & CO (363576109) 1,192,447 $104,446k
PENSKE AUTOMOTIVE GROUP INC (70959W103) 2,174,489 $102,853k
Brookfield Property Partners (G16249107) 5,402,108 $102,123k
Booking Holdings, Inc. (09857L108) 53,618 $100,518k
GENERAC HLDGS INC (368736104) 1,426,005 $98,979k
AMERICAN HOMES 4 RENT (02665T306) 3,833,916 $93,202k
STRATEGIC EDUCATION INC (86272C103) 480,567 $85,541k
JEFFERIES FINANCIAL (47233W109) 4,180,042 $80,382k
UNION PAC CORP (907818108) 471,816 $79,789k
Brown & Brown, Inc. (115236101) 2,342,986 $78,490k
Berkshire Hathaway, Inc. (084670702) 340,492 $72,583k
B. Riley Wealth Management, Inc. (099502106) 1,082,165 $71,650k
CBIZ INC (124805102) 3,281,510 $64,285k
MAIN STREET CAPITAL CORP (56035L104) 1,443,632 $59,362k
KENNAMETAL INC (489170100) 1,537,570 $56,875k
FEDERATED INVESTORS INC (314211103) 1,694,206 $55,062k
Tech Data Corp. (878237106) 491,803 $51,443k
GARTNER INC (366651107) 310,646 $49,995k
RE/MAX HOLDINGS (75524W108) 1,594,880 $49,059k
EXTENDED STAY AMRC (30224P200) 2,729,236 $46,097k
CEDAR FAIR L P (150185106) 926,931 $44,205k
HOULIHAN LOKEY INC (441593100) 935,849 $41,673k
INVITATION HOMES INC (46187W107) 1,473,498 $39,387k
Houghton Mifflin Harcourt Company (44157R109) 6,751,272 $38,887k
SIMPSON MANUFACTURIN (829073105) 570,905 $37,942k
MARKETAXESS HLDGS (57060D108) 111,806 $35,937k
BLACKROCK TCP CAP CORP (09259E108) 2,455,767 $34,995k
GRACO INC (384109104) 607,882 $30,504k
WHITE MTNS INS GROUP LTD (G9618E107) 29,541 $30,175k
COCA COLA FEMSA (191241108) 475,816 $29,567k
OAKTREE CAP GROUP (674001201) 575,339 $28,502k
QURATE RETAIL INC (74915M100) 2,049,352 $25,391k
Waddell & Reed Financial (930059100) 1,397,213 $23,292k
SALLY BEAUTY HLDGS (79546E104) 1,671,458 $22,297k
PREMIER INC CL A (74051N102) 498,565 $19,499k
EMERALD EXPOSITION (29103B100) 1,623,027 $18,097k
WYNDHAM DESTINATIONS INC (98310W108) 352,142 $15,459k
COPART INC (217204106) 204,887 $15,313k
LABORATORY CORP AMER (50540R409) 82,363 $14,241k
MARRIOTT VACTNS WRLW (57164Y107) 132,833 $12,805k
IMPERIAL OIL LTD (453038408) 397,557 $11,015k
ARGO GRUP INTL HLDGS (G0464B107) 148,116 $10,968k
AXALTA COATING SYS LTD (G0750C108) 360,279 $10,726k
Eaton Vance Floating Rate Income Trust (278279104) 777,790 $10,485k
WYNDHAM HOTELS & RESORTS INC (98311A105) 188,029 $10,481k
Grand Canyon Education, Inc. (38526M106) 81,386 $9,524k
MSC INDL DIRECT INC (553530106) 121,171 $8,998k
BANK MONTREAL QUE (063671101) 105,000 $7,937k
UNITED FIRE GROUP INC (910340108) 139,647 $6,767k
EQUIFAX INC (294429105) 48,369 $6,541k
ARMSTRONG FLOORING, INC. (04238R106) 655,565 $6,457k
CANNAE HOLDINGS INC (13765N107) 182,600 $5,292k
GENERAL ELECTRIC CO (369604103) 400,000 $4,200k
COLLIERS INTERNATIONAL GROUP INC (194693107) 49,569 $3,546k
JPMORGAN CHASE & CO (46625H100) 19,522 $2,183k
GAMCO INVESTORS INC-A (361438104) 92,619 $1,776k
PHILIP MORRIS INTL (718172109) 20,048 $1,574k
ALTRIA GROUP INC (02209S103) 30,048 $1,423k
3M CO (88579Y101) 8,200 $1,421k
Ritchie Bros. Auctioneers, Inc (767744105) 29,691 $986k
FRANKLIN RES INC (354613101) 27,466 $956k
DIAGEO P L C (25243Q205) 4,736 $816k
KRAFT HEINZ CO (500754106) 25,000 $776k
Canadian Natural Resources Ltd (136385101) 15,200 $410k
CDW CORP (12514G108) 3,531 $392k
MERCK & CO INC (58933Y105) 3,937 $330k
FIRST AMERICAN FINANCIAL (31847R102) 5,102 $274k
EXPEDITORS INTL WASH (302130109) 3,596 $273k
VALVOLINE INC (92047W101) 10,438 $204k

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