13F HOLDINGS REPORT
Burgundy Asset Management Ltd.
Quarter ended Q3 2025 · Filed November 12, 2025 · Accession 0001193125-25-277473
Total Value
$10.60B
Positions
109
Other Managers
0
Confidential Omitted
No
Holdings (109)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 5,193,498 | $460.5M | 4.34% |
| 2 | PRIMERICA INC | PRI | 1,324,968 | $356.9M | 3.37% |
| 3 | WILLIS TOWERS WATSON PLC LTD | WTW | 877,476 | $286.8M | 2.71% |
| 4 | EMCOR GROUP INC | EME | 443,982 | $275.3M | 2.60% |
| 5 | ARMSTRONG WORLD INDS INC NEW | 04247X102 | 1,313,676 | $257.2M | 2.43% |
| 6 | OPENLANE INC | OPLN | 8,477,474 | $245.2M | 2.31% |
| 7 | HOULIHAN LOKEY INC | HLI | 1,219,617 | $243.0M | 2.29% |
| 8 | ALPHABET INC | GOOG | 1,117,913 | $238.0M | 2.25% |
| 9 | US FOODS HLDG CORP | USFD | 2,971,782 | $230.6M | 2.18% |
| 10 | MICROSOFT CORP | MSFT | 454,086 | $230.1M | 2.17% |
| 11 | GENTEX CORP | GNTX | 7,923,912 | $221.9M | 2.09% |
| 12 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 1,243,864 | $219.7M | 2.07% |
| 13 | WYNDHAM HOTELS & RESORTS INC | WH | 2,454,330 | $212.6M | 2.01% |
| 14 | GLOBUS MED INC | GMED | 3,460,983 | $212.1M | 2.00% |
| 15 | MEDTRONIC PLC | MDT | 2,184,386 | $202.7M | 1.91% |
| 16 | JOHNSON & JOHNSON | JNJ | 1,136,939 | $201.4M | 1.90% |
| 17 | GRAND CANYON ED INC | LOPE | 977,397 | $197.0M | 1.86% |
| 18 | ALLISON TRANSMISSION HLDGS I | ALSN | 2,210,926 | $193.0M | 1.82% |
| 19 | MONDELEZ INTL INC | 609207105 | 2,898,948 | $178.1M | 1.68% |
| 20 | CENCORA INC | COR | 599,753 | $174.9M | 1.65% |
| 21 | ROSS STORES INC | ROST | 1,170,458 | $172.2M | 1.62% |
| 22 | ELECTRONIC ARTS INC | EA | 973,374 | $167.4M | 1.58% |
| 23 | PENSKE AUTOMOTIVE GRP INC | 70959W103 | 885,860 | $163.4M | 1.54% |
| 24 | NEWS CORP NEW | NWSLL | 5,454,879 | $160.4M | 1.51% |
| 25 | CME GROUP INC | CME | 575,337 | $153.3M | 1.45% |
| 26 | AMERICAN HOMES 4 RENT | AMH-PG | 4,258,875 | $152.6M | 1.44% |
| 27 | AMAZON COM INC | AMZN | 665,179 | $152.3M | 1.44% |
| 28 | HENRY SCHEIN INC | HSIC | 2,170,871 | $151.0M | 1.43% |
| 29 | CBIZ INC | CBZ | 2,315,606 | $149.4M | 1.41% |
| 30 | KENVUE INC | KVUE | 7,030,246 | $145.6M | 1.37% |
| 31 | TORONTO DOMINION BK ONT | TORO | 1,896,245 | $142.3M | 1.34% |
| 32 | NEW YORK TIMES CO | NYT | 2,357,049 | $141.0M | 1.33% |
| 33 | WABTEC | 929740108 | 718,779 | $139.1M | 1.31% |
| 34 | SIMPSON MFG INC | 829073105 | 689,900 | $131.9M | 1.24% |
| 35 | MARKETAXESS HLDGS INC | MKTX | 692,216 | $127.3M | 1.20% |
| 36 | LIGHT & WONDER INC | LAWIL | 1,360,624 | $125.8M | 1.19% |
| 37 | STRATEGIC ED INC | STRA | 1,516,338 | $123.4M | 1.16% |
| 38 | GENERAC HLDGS INC | GNRC | 648,364 | $120.1M | 1.13% |
| 39 | MASTERCARD INCORPORATED | MA | 200,540 | $119.4M | 1.13% |
| 40 | ROGERS COMMUNICATIONS INC | RCIAF | 3,331,220 | $119.3M | 1.13% |
| 41 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 154 | $116.3M | 1.10% |
| 42 | EURONET WORLDWIDE INC | EEFT | 1,211,358 | $112.9M | 1.06% |
| 43 | HILLMAN SOLUTIONS CORP | HLMN | 11,164,985 | $110.3M | 1.04% |
| 44 | RESTAURANT BRANDS INTL INC | 76131D103 | 1,742,299 | $110.3M | 1.04% |
| 45 | NIKE INC | NKE | 1,364,095 | $105.5M | 1.00% |
| 46 | ORACLE CORP | ORCL-PD | 463,184 | $104.7M | 0.99% |
| 47 | TRUIST FINL CORP | 89832Q109 | 2,006,383 | $93.9M | 0.89% |
| 48 | STANTEC INC | STN | 858,122 | $93.2M | 0.88% |
| 49 | ROYAL BK CDA | 780087102 | 639,134 | $92.8M | 0.88% |
| 50 | IAC INC | IAC | 2,501,914 | $91.6M | 0.86% |
| 51 | PPG INDS INC | 693506107 | 814,635 | $90.6M | 0.85% |
| 52 | GRACO INC | GGG | 987,333 | $84.3M | 0.80% |
| 53 | PROCTER AND GAMBLE CO | 742718109 | 530,142 | $83.3M | 0.79% |
| 54 | CANADIAN NATL RY CO | 136375102 | 845,531 | $81.8M | 0.77% |
| 55 | CGI INC | GIB | 799,246 | $77.6M | 0.73% |
| 56 | CABLE ONE INC | CABO | 472,067 | $76.2M | 0.72% |
| 57 | CARRIER GLOBAL CORPORATION | CARR | 1,165,423 | $76.0M | 0.72% |
| 58 | BANK NOVA SCOTIA HALIFAX | 064149107 | 1,199,190 | $74.8M | 0.71% |
| 59 | BROOKFIELD CORP | 11271J107 | 1,110,869 | $73.0M | 0.69% |
| 60 | COLLIERS INTL GROUP INC | 194693107 | 424,796 | $70.1M | 0.66% |
| 61 | NEWS CORP NEW | NWSLL | 1,896,357 | $64.2M | 0.61% |
| 62 | CHAMPION HOMES INC | SKY | 844,413 | $63.7M | 0.60% |
| 63 | SYSCO CORP | SYY | 753,976 | $60.7M | 0.57% |
| 64 | D R HORTON INC | 23331A109 | 350,704 | $59.4M | 0.56% |
| 65 | DOUBLEVERIFY HLDGS INC | DV | 3,608,272 | $58.7M | 0.55% |
| 66 | ALARM COM HLDGS INC | ALRM | 999,208 | $58.6M | 0.55% |
| 67 | SIXTH STREET SPECIALTY LENDI | TSLX | 2,362,088 | $57.8M | 0.54% |
| 68 | ATS CORPORATION | ATS | 1,807,557 | $50.0M | 0.47% |
| 69 | DOLLAR TREE INC | DLTR | 452,794 | $49.4M | 0.47% |
| 70 | DANAHER CORPORATION | 235851102 | 236,772 | $48.7M | 0.46% |
| 71 | AUTOZONE INC | AZO | 11,324 | $47.5M | 0.45% |
| 72 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 93,695 | $47.1M | 0.44% |
| 73 | CHARLES RIV LABS INTL INC | 159864107 | 278,329 | $45.5M | 0.43% |
| 74 | WASTE CONNECTIONS INC | WCN | 224,049 | $41.4M | 0.39% |
| 75 | LAUDER ESTEE COS INC | 518439104 | 440,241 | $40.4M | 0.38% |
| 76 | ATOUR LIFESTYLE HLDGS LTD | ATAT | 774,823 | $30.2M | 0.28% |
| 77 | KINDERCARE LEARNING COMPANIE | KLC | 3,919,470 | $28.2M | 0.27% |
| 78 | LABCORP HOLDINGS INC | LH | 93,448 | $26.0M | 0.25% |
| 79 | TD SYNNEX CORPORATION | SNX | 158,963 | $23.5M | 0.22% |
| 80 | INSTALLED BLDG PRODS INC | 45780R101 | 76,498 | $20.0M | 0.19% |
| 81 | BOEING CO | BA-PA | 85,000 | $19.9M | 0.19% |
| 82 | JEFFERIES FINL GROUP INC | 47233W109 | 294,896 | $19.1M | 0.18% |
| 83 | MCDONALDS CORP | MCD | 60,642 | $19.0M | 0.18% |
| 84 | 3M CO | MMM | 110,000 | $17.1M | 0.16% |
| 85 | COPART INC | CPRT | 319,054 | $15.6M | 0.15% |
| 86 | LANDSTAR SYS INC | LSTR | 85,380 | $11.3M | 0.11% |
| 87 | ALIGN TECHNOLOGY INC | ALGN | 78,625 | $11.2M | 0.11% |
| 88 | NUTRIEN LTD | NTR | 165,000 | $9.5M | 0.09% |
| 89 | ENBRIDGE INC | ENNPF | 164,767 | $8.0M | 0.08% |
| 90 | NATIONAL VISION HLDGS INC | EYE | 251,576 | $5.8M | 0.05% |
| 91 | FULL TRUCK ALLIANCE CO LTD | YMM | 408,685 | $5.3M | 0.05% |
| 92 | TELUS CORPORATION | TU | 206,581 | $3.4M | 0.03% |
| 93 | BROOKFIELD INFRASTRUCTURE CO | BIPC | 70,760 | $2.8M | 0.03% |
| 94 | CANADIAN NAT RES LTD | 136385101 | 89,097 | $2.8M | 0.03% |
| 95 | CARMAX INC | KMX | 41,459 | $2.5M | 0.02% |
| 96 | GRANITE REAL ESTATE INVT TR | 387437205 | 40,742 | $2.3M | 0.02% |
| 97 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 35,864 | $2.2M | 0.02% |
| 98 | TC ENERGY CORP | TRPRF | 41,363 | $2.2M | 0.02% |
| 99 | VANGUARD INTL EQUITY INDEX F | 922042874 | 19,136 | $1.5M | 0.01% |
| 100 | CURTISS WRIGHT CORP | CW | 1,783 | $852,541 | 0.01% |
| 101 | YUM CHINA HLDGS INC | YUMC | 11,564 | $517,142 | 0.00% |
| 102 | CDW CORP | CDW | 2,627 | $432,825 | 0.00% |
| 103 | FIRST AMERN FINL CORP | 31847R102 | 6,381 | $421,146 | 0.00% |
| 104 | TENCENT MUSIC ENTMT GROUP | XHLD | 11,985 | $293,872 | 0.00% |
| 105 | THOMSON REUTERS CORP | TMSOF | 1,593 | $282,747 | 0.00% |
| 106 | META PLATFORMS INC | META | 375 | $277,012 | 0.00% |
| 107 | CANADIAN PACIFIC KANSAS CITY | CP | 3,561 | $271,080 | 0.00% |
| 108 | SOUTH BOW CORP | SOBO | 8,272 | $229,103 | 0.00% |
| 109 | MIDDLEBY CORP | MIDD | 1,604 | $219,507 | 0.00% |