13F HOLDINGS REPORT
Burgundy Asset Management Ltd.
Quarter ended Q2 2025 · Filed August 13, 2025 · Accession 0000950123-25-007831
Total Value
$10.28B
Positions
109
Other Managers
0
Confidential Omitted
No
Holdings (109)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 5,239,571 | $433.8M | 4.22% |
| 2 | PRIMERICA INC | PRI | 1,333,473 | $364.9M | 3.55% |
| 3 | EMCOR GROUP INC | EME | 530,457 | $283.7M | 2.76% |
| 4 | WILLIS TOWERS WATSON PLC LTD | WTW | 894,007 | $274.0M | 2.67% |
| 5 | MICROSOFT CORP | MSFT | 508,021 | $252.7M | 2.46% |
| 6 | OPENLANE INC | OPLN | 10,306,027 | $252.0M | 2.45% |
| 7 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 1,266,790 | $232.4M | 2.26% |
| 8 | HOULIHAN LOKEY INC | HLI | 1,225,966 | $220.6M | 2.15% |
| 9 | ARMSTRONG WORLD INDS INC NEW | 04247X102 | 1,321,078 | $214.6M | 2.09% |
| 10 | ALLISON TRANSMISSION HLDGS I | ALSN | 2,228,704 | $211.7M | 2.06% |
| 11 | GLOBUS MED INC | GMED | 3,481,438 | $205.5M | 2.00% |
| 12 | ALPHABET INC | GOOG | 1,140,072 | $200.9M | 1.96% |
| 13 | WYNDHAM HOTELS & RESORTS INC | WH | 2,465,968 | $200.3M | 1.95% |
| 14 | MONDELEZ INTL INC | 609207105 | 2,948,267 | $198.8M | 1.94% |
| 15 | MEDTRONIC PLC | MDT | 2,218,151 | $193.4M | 1.88% |
| 16 | GRAND CANYON ED INC | LOPE | 982,698 | $185.7M | 1.81% |
| 17 | CENCORA INC | COR | 610,478 | $183.1M | 1.78% |
| 18 | JOHNSON & JOHNSON | JNJ | 1,160,080 | $177.2M | 1.72% |
| 19 | GENTEX CORP | GNTX | 7,964,555 | $175.1M | 1.70% |
| 20 | US FOODS HLDG CORP | USFD | 2,206,740 | $169.9M | 1.65% |
| 21 | CBIZ INC | CBZ | 2,321,198 | $166.5M | 1.62% |
| 22 | NEWS CORP NEW | NWSLL | 5,552,618 | $165.0M | 1.61% |
| 23 | CME GROUP INC | CME | 586,764 | $161.7M | 1.57% |
| 24 | HENRY SCHEIN INC | HSIC | 2,207,493 | $161.3M | 1.57% |
| 25 | ELECTRONIC ARTS INC | EA | 990,457 | $158.2M | 1.54% |
| 26 | LIGHT & WONDER INC | LAWIL | 1,632,562 | $157.2M | 1.53% |
| 27 | AMERICAN HOMES 4 RENT | AMH-PG | 4,280,147 | $154.4M | 1.50% |
| 28 | PENSKE AUTOMOTIVE GRP INC | 70959W103 | 890,356 | $153.0M | 1.49% |
| 29 | ROSS STORES INC | ROST | 1,191,294 | $152.0M | 1.48% |
| 30 | KENVUE INC | KVUE | 7,148,796 | $149.6M | 1.46% |
| 31 | AMAZON COM INC | AMZN | 676,936 | $148.5M | 1.45% |
| 32 | TORONTO DOMINION BK ONT | TORO | 1,908,467 | $140.1M | 1.36% |
| 33 | WABTEC | 929740108 | 641,284 | $134.3M | 1.31% |
| 34 | NEW YORK TIMES CO | NYT | 2,368,819 | $132.6M | 1.29% |
| 35 | STRATEGIC ED INC | STRA | 1,524,317 | $129.8M | 1.26% |
| 36 | ROGERS COMMUNICATIONS INC | RCIAF | 4,172,546 | $123.5M | 1.20% |
| 37 | EURONET WORLDWIDE INC | EEFT | 1,217,631 | $123.4M | 1.20% |
| 38 | SYSCO CORP | SYY | 1,552,148 | $117.6M | 1.14% |
| 39 | MASTERCARD INCORPORATED | MA | 204,266 | $114.8M | 1.12% |
| 40 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 154 | $112.2M | 1.09% |
| 41 | SIMPSON MFG INC | 829073105 | 693,775 | $107.8M | 1.05% |
| 42 | RESTAURANT BRANDS INTL INC | 76131D103 | 1,586,110 | $105.0M | 1.02% |
| 43 | ORACLE CORP | ORCL-PD | 472,475 | $103.3M | 1.01% |
| 44 | CARRIER GLOBAL CORPORATION | CARR | 1,348,288 | $98.7M | 0.96% |
| 45 | NIKE INC | NKE | 1,386,476 | $98.5M | 0.96% |
| 46 | IAC INC | IAC | 2,517,797 | $94.0M | 0.91% |
| 47 | PPG INDS INC | 693506107 | 823,899 | $93.7M | 0.91% |
| 48 | STANTEC INC | STN | 860,737 | $93.5M | 0.91% |
| 49 | GENERAC HLDGS INC | GNRC | 651,679 | $93.3M | 0.91% |
| 50 | MARKETAXESS HLDGS INC | MKTX | 414,370 | $92.5M | 0.90% |
| 51 | TRUIST FINL CORP | 89832Q109 | 2,046,367 | $88.0M | 0.86% |
| 52 | PROCTER AND GAMBLE CO | 742718109 | 539,672 | $86.0M | 0.84% |
| 53 | GRACO INC | GGG | 991,702 | $85.3M | 0.83% |
| 54 | ROYAL BK CDA | 780087102 | 639,962 | $84.2M | 0.82% |
| 55 | HILLMAN SOLUTIONS CORP | HLMN | 11,202,558 | $80.0M | 0.78% |
| 56 | CANADIAN NATL RY CO | 136375102 | 708,784 | $73.7M | 0.72% |
| 57 | BROOKFIELD CORP | 11271J107 | 1,114,437 | $68.8M | 0.67% |
| 58 | BANK NOVA SCOTIA HALIFAX | 064149107 | 1,200,811 | $66.3M | 0.65% |
| 59 | NEWS CORP NEW | NWSLL | 1,929,507 | $66.2M | 0.64% |
| 60 | CGI INC | GIB | 628,015 | $65.8M | 0.64% |
| 61 | CABLE ONE INC | CABO | 474,730 | $64.5M | 0.63% |
| 62 | ATS CORPORATION | ATS | 1,812,147 | $57.7M | 0.56% |
| 63 | NATIONAL VISION HLDGS INC | EYE | 2,505,978 | $57.7M | 0.56% |
| 64 | SIXTH STREET SPECIALTY LENDI | TSLX | 2,378,968 | $56.6M | 0.55% |
| 65 | ALARM COM HLDGS INC | ALRM | 985,882 | $55.8M | 0.54% |
| 66 | COLLIERS INTL GROUP INC | 194693107 | 426,506 | $55.7M | 0.54% |
| 67 | DOUBLEVERIFY HLDGS INC | DV | 3,624,876 | $54.3M | 0.53% |
| 68 | CHAMPION HOMES INC | SKY | 835,176 | $52.3M | 0.51% |
| 69 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 97,704 | $47.5M | 0.46% |
| 70 | D R HORTON INC | 23331A109 | 362,368 | $46.7M | 0.45% |
| 71 | DOLLAR TREE INC | DLTR | 460,632 | $45.6M | 0.44% |
| 72 | AUTOZONE INC | AZO | 11,543 | $42.9M | 0.42% |
| 73 | CHARLES RIV LABS INTL INC | 159864107 | 280,170 | $42.5M | 0.41% |
| 74 | WASTE CONNECTIONS INC | WCN | 224,729 | $41.9M | 0.41% |
| 75 | LAUDER ESTEE COS INC | 518439104 | 448,552 | $36.2M | 0.35% |
| 76 | KINDERCARE LEARNING COMPANIE | KLC | 2,658,159 | $26.8M | 0.26% |
| 77 | LABCORP HOLDINGS INC | LH | 95,842 | $25.2M | 0.24% |
| 78 | TD SYNNEX CORPORATION | SNX | 159,797 | $21.7M | 0.21% |
| 79 | ATOUR LIFESTYLE HLDGS LTD | ATAT | 633,774 | $20.6M | 0.20% |
| 80 | BOEING CO | BA-PA | 85,000 | $17.8M | 0.17% |
| 81 | MCDONALDS CORP | MCD | 60,642 | $17.7M | 0.17% |
| 82 | 3M CO | MMM | 110,000 | $16.7M | 0.16% |
| 83 | JEFFERIES FINL GROUP INC | 47233W109 | 299,958 | $16.4M | 0.16% |
| 84 | COPART INC | CPRT | 327,128 | $16.1M | 0.16% |
| 85 | HDFC BANK LTD | HDB | 195,956 | $15.0M | 0.15% |
| 86 | INSTALLED BLDG PRODS INC | 45780R101 | 76,975 | $13.9M | 0.14% |
| 87 | FULL TRUCK ALLIANCE CO LTD | YMM | 1,053,506 | $12.4M | 0.12% |
| 88 | EVERI HLDGS INC | EVEX-WT | 812,298 | $11.6M | 0.11% |
| 89 | LANDSTAR SYS INC | LSTR | 71,600 | $10.0M | 0.10% |
| 90 | NUTRIEN LTD | NTR | 165,000 | $9.6M | 0.09% |
| 91 | ENBRIDGE INC | ENNPF | 159,720 | $7.2M | 0.07% |
| 92 | LOWES COS INC | 548661107 | 30,142 | $6.7M | 0.07% |
| 93 | TELUS CORPORATION | TU | 197,082 | $3.2M | 0.03% |
| 94 | BROOKFIELD INFRASTRUCTURE CO | BIPC | 65,783 | $2.7M | 0.03% |
| 95 | CANADIAN NAT RES LTD | 136385101 | 75,135 | $2.4M | 0.02% |
| 96 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 40,302 | $2.2M | 0.02% |
| 97 | GRANITE REAL ESTATE INVT TR | 387437205 | 40,742 | $2.1M | 0.02% |
| 98 | TC ENERGY CORP | TRPRF | 41,363 | $2.0M | 0.02% |
| 99 | CARMAX INC | KMX | 25,460 | $1.7M | 0.02% |
| 100 | VANGUARD INTL EQUITY INDEX F | 922042874 | 18,911 | $1.5M | 0.01% |
| 101 | CURTISS WRIGHT CORP | CW | 1,783 | $871,085 | 0.01% |
| 102 | CDW CORP | CDW | 2,627 | $469,156 | 0.00% |
| 103 | YUM CHINA HLDGS INC | YUMC | 10,320 | $461,407 | 0.00% |
| 104 | FIRST AMERN FINL CORP | 31847R102 | 6,381 | $391,730 | 0.00% |
| 105 | TENCENT MUSIC ENTMT GROUP | XHLD | 17,828 | $347,468 | 0.00% |
| 106 | THOMSON REUTERS CORP | TMSOF | 1,593 | $319,746 | 0.00% |
| 107 | META PLATFORMS INC | META | 375 | $276,784 | 0.00% |
| 108 | MIDDLEBY CORP | MIDD | 1,604 | $230,976 | 0.00% |
| 109 | SOUTH BOW CORP | SOBO | 8,272 | $214,334 | 0.00% |