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 | 1,418 | 10,000 | SH | SOLE | 10,000 | 0 | 0 | ||
| Advantage Oil & Gas Ltd. | COM | 00765F101 | 67,597 | 12,943,208 | SH | SOLE | 12,862,608 | 0 | 80,600 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 104,410 | 3,911,968 | SH | SOLE | 3,857,676 | 0 | 54,292 | ||
| Altria Group Inc. | COM | 02209S103 | 1,091 | 20,048 | SH | SOLE | 20,048 | 0 | 0 | ||
| American Capital, Ltd. | COM | 02503Y103 | 6,732 | 553,620 | SH | SOLE | 535,327 | 0 | 18,293 | ||
| American Homes 4 Rent Real Estate Investment Trust | COM | 02665T306 | 73,584 | 4,576,106 | SH | SOLE | 3,020,681 | 0 | 1,555,425 | ||
| AmerisourceBergen Corp. | COM | 03073E105 | 137,759 | 1,450,244 | SH | SOLE | 1,429,962 | 0 | 20,282 | ||
| Apple Inc. | COM | 037833100 | 186,530 | 1,691,965 | SH | SOLE | 1,675,008 | 0 | 16,957 | ||
| Ares Capital Corp. | COM | 04010L103 | 53,048 | 3,663,553 | SH | SOLE | 2,297,033 | 0 | 1,366,520 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 5,776 | 102,070 | SH | SOLE | 98,609 | 0 | 3,461 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 65,812 | 1,594,277 | SH | SOLE | 1,010,149 | 0 | 584,128 | ||
| AutoZone, Inc. | COM | 053332102 | 178,002 | 245,881 | SH | SOLE | 243,265 | 0 | 2,616 | ||
| Babcock & Wilcox Enterprises, Inc. | COM | 05614L100 | 71,415 | 4,250,890 | SH | SOLE | 4,177,801 | 0 | 73,089 | ||
| Bank of Montreal | COM | 063671101 | 1,091 | 20,000 | SH | SOLE | 20,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 163,725 | 3,714,157 | SH | SOLE | 3,675,407 | 0 | 38,750 | ||
| BB&T Corp. | COM | 054937107 | 286,006 | 8,065,580 | SH | SOLE | 7,984,206 | 0 | 81,374 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 121,969 | 919,409 | SH | SOLE | 907,085 | 0 | 12,324 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 53,496 | 274 | SH | SOLE | 273 | 0 | 1 | ||
| Berkshire Hathaway Inc. | CL B | 084670702 | 7,347 | 56,345 | SH | SOLE | 46,877 | 0 | 9,468 | ||
| Booz Allen Hamilton Holding Corp. | COM | 099502106 | 62,526 | 2,385,569 | SH | SOLE | 1,541,697 | 0 | 843,872 | ||
| Brookfield Asset Management Inc. | CL A | 112585104 | 920 | 29,250 | SH | SOLE | 29,250 | 0 | 0 | ||
| Brookfield Infrastructure Partners LP | COM | G16252101 | 22,434 | 608,896 | SH | SOLE | 529,495 | 0 | 79,401 | ||
| Brown & Brown Inc. | COM | 115236101 | 52,006 | 1,679,231 | SH | SOLE | 1,088,196 | 0 | 591,035 | ||
| BWX Technologies Inc. | COM | 05605H100 | 163,511 | 6,203,009 | SH | SOLE | 6,118,759 | 0 | 84,250 | ||
| Canadian National Railway Co. | COM | 136375102 | 173,390 | 3,053,610 | SH | SOLE | 3,024,310 | 0 | 29,300 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 156,065 | 8,013,869 | SH | SOLE | 7,927,576 | 0 | 86,293 | ||
| CBIZ Inc. | COM | 124805102 | 50,541 | 5,146,727 | SH | SOLE | 3,191,766 | 0 | 1,954,961 | ||
| CEB Inc. | COM | 125134106 | 66,254 | 969,480 | SH | SOLE | 617,730 | 0 | 351,750 | ||
| Cenovus Energy Inc. | COM | 15135U109 | 308,014 | 20,418,294 | SH | SOLE | 20,234,536 | 0 | 183,758 | ||
| Cisco Systems Inc. | COM | 17275R102 | 215,342 | 8,260,269 | SH | SOLE | 8,176,625 | 0 | 83,644 | ||
| Coca-Cola Femsa S.A.B. de C.V. | SPONSORED ADR | 191241108 | 19,255 | 277,531 | SH | SOLE | 277,531 | 0 | 0 | ||
| Computer Programs and Systems Inc. | COM | 205306103 | 47,156 | 1,119,304 | SH | SOLE | 697,027 | 0 | 422,277 | ||
| Copart Inc. | COM | 217204106 | 5,500 | 167,171 | SH | SOLE | 161,729 | 0 | 5,442 | ||
| Cumulus Media Inc. | CL A | 231082108 | 5,928 | 8,422,199 | SH | SOLE | 5,258,438 | 0 | 3,163,761 | ||
| DeVry Education Group Inc. | COM | 251893103 | 60,399 | 2,219,750 | SH | SOLE | 1,417,341 | 0 | 802,409 | ||
| Diageo PLC | SPONSORED ADR | 25243Q205 | 510 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 10,298 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Enbridge Inc. | COM | 29250N105 | 387 | 10,421 | SH | SOLE | 10,421 | 0 | 0 | ||
| Entercom Communications Corp. | CL A | 293639100 | 5,709 | 561,861 | SH | SOLE | 561,861 | 0 | 0 | ||
| Equifax Inc. | COM | 294429105 | 268,630 | 2,764,253 | SH | SOLE | 2,358,152 | 0 | 406,101 | ||
| Expedia Inc. | COM | 30212P303 | 38,352 | 325,900 | SH | SOLE | 198,497 | 0 | 127,403 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 2,727 | 57,958 | SH | SOLE | 56,037 | 0 | 1,921 | ||
| Federated Investors Inc. | CL B | 314211103 | 50,208 | 1,737,292 | SH | SOLE | 1,117,808 | 0 | 619,484 | ||
| Fifth Street Asset Management, Inc. | COM | 31679P109 | 3,151 | 421,886 | SH | SOLE | 421,886 | 0 | 0 | ||
| Franklin Resources Inc. | COM | 354613101 | 1,023 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Generac Holdings Inc. | COM | 368736104 | 52,248 | 1,736,379 | SH | SOLE | 1,140,818 | 0 | 595,561 | ||
| General Electric Co. | COM | 369604103 | 1,261 | 50,000 | SH | SOLE | 50,000 | 0 | 0 | ||
| Gentex Corp. | COM | 371901109 | 161,319 | 10,407,661 | SH | SOLE | 8,114,180 | 0 | 2,293,481 | ||
| Graco Inc. | COM | 384109104 | 39,333 | 586,800 | SH | SOLE | 375,411 | 0 | 211,389 | ||
| Harris Corp. | COM | 413875105 | 116,174 | 1,588,159 | SH | SOLE | 1,566,043 | 0 | 22,116 | ||
| HCC Insurance Holdings Inc. | COM | 404132102 | 111,131 | 1,434,507 | SH | SOLE | 888,965 | 0 | 545,542 | ||
| Hilltop Holdings Inc. | COM | 432748101 | 46,646 | 2,354,668 | SH | SOLE | 1,429,014 | 0 | 925,654 | ||
| Hornbeck Offshore Services, Inc. | COM | 440543106 | 2,905 | 214,737 | SH | SOLE | 207,423 | 0 | 7,314 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 20,934 | 1,030,710 | SH | SOLE | 667,791 | 0 | 362,919 | ||
| Houlihan Lokey Inc. | COM | 441593100 | 22,018 | 1,009,985 | SH | SOLE | 631,139 | 0 | 378,846 | ||
| Humana Inc. | COM | 444859102 | 171,389 | 957,481 | SH | SOLE | 945,136 | 0 | 12,345 | ||
| Imperial Oil Ltd. | COM | 453038408 | 9,885 | 312,016 | SH | SOLE | 311,416 | 0 | 600 | ||
| Jacobs Engineering Group Inc. | COM | 469814107 | 18,863 | 503,958 | SH | SOLE | 183,310 | 0 | 320,648 | ||
| Johnson & Johnson | COM | 478160104 | 299,705 | 3,213,623 | SH | SOLE | 3,180,390 | 0 | 33,233 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 1,176 | 19,281 | SH | SOLE | 19,281 | 0 | 0 | ||
| Kayne Anderson Energy Development Co. | COM | 48660Q102 | 20,835 | 974,071 | SH | SOLE | 596,728 | 0 | 377,343 | ||
| Kraft Heinz Co | COM | 500754106 | 1,059 | 15,000 | SH | SOLE | 15,000 | 0 | 0 | ||
| Laboratory Corporation of America Holdings | COM | 50540R409 | 4,445 | 40,981 | SH | SOLE | 39,620 | 0 | 1,361 | ||
| Leucadia National Corp. | COM | 527288104 | 156,723 | 7,735,597 | SH | SOLE | 6,592,796 | 0 | 1,142,801 | ||
| Madison Square Gardens | COM | 55826P100 | 41,774 | 579,071 | SH | SOLE | 360,888 | 0 | 218,183 | ||
| Main Street Capital Corp. | COM | 56035L104 | 63,579 | 2,384,817 | SH | SOLE | 1,506,456 | 0 | 878,361 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 79,425 | 855,140 | SH | SOLE | 597,316 | 0 | 257,824 | ||
| McCormick & Co. Inc. | COM | 579780206 | 5,074 | 61,737 | SH | SOLE | 61,737 | 0 | 0 | ||
| McDonald's Corp. | COM | 580135101 | 163,128 | 1,655,613 | SH | SOLE | 1,633,625 | 0 | 21,988 | ||
| Merck & Co. Inc. | COM | 58933Y105 | 372 | 7,524 | SH | SOLE | 7,524 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 169,284 | 3,824,769 | SH | SOLE | 3,773,961 | 0 | 50,808 | ||
| Moody's Corp. | COM | 615369105 | 3,331 | 33,918 | SH | SOLE | 32,904 | 0 | 1,014 | ||
| Morgan Stanley | COM | 617446448 | 1,135 | 36,047 | SH | SOLE | 36,047 | 0 | 0 | ||
| MSCI Inc. | COM | 55354G100 | 32,457 | 545,856 | SH | SOLE | 332,703 | 0 | 213,153 | ||
| Northern Trust Corp. | COM | 665859104 | 110,679 | 1,623,816 | SH | SOLE | 1,601,102 | 0 | 22,714 | ||
| Nutraceutical International Corp. | COM | 67060Y101 | 22,099 | 935,989 | SH | SOLE | 579,225 | 0 | 356,764 | ||
| Occidental Petroleum Corp. | COM | 674599105 | 235,121 | 3,581,575 | SH | SOLE | 3,545,457 | 0 | 36,118 | ||
| Oracle Corp. | COM | 68389X105 | 242,081 | 6,741,835 | SH | SOLE | 6,673,462 | 0 | 68,373 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 101,793 | 2,101,421 | SH | SOLE | 1,359,942 | 0 | 741,479 | ||
| PepsiCo Inc. | COM | 713448108 | 221,402 | 2,357,606 | SH | SOLE | 2,335,755 | 0 | 21,851 | ||
| Philip Morris International Inc. | COM | 718172109 | 291,602 | 3,685,051 | SH | SOLE | 3,645,284 | 0 | 39,767 | ||
| Potash Corporation of Saskatchewan Inc. | COM | 73755L107 | 206,908 | 10,066,897 | SH | SOLE | 9,960,897 | 0 | 106,000 | ||
| Premier Inc. | CL A | 74051N102 | 7,167 | 208,514 | SH | SOLE | 201,606 | 0 | 6,908 | ||
| Primerica Inc. | COM | 74164M108 | 82,826 | 1,837,713 | SH | SOLE | 1,199,605 | 0 | 638,108 | ||
| Radio One Inc. | CL D | 75040P405 | 66 | 30,929 | SH | SOLE | 30,929 | 0 | 0 | ||
| RE/MAX Holdings Inc. | COM | 75524W108 | 59,574 | 1,655,762 | SH | SOLE | 1,092,497 | 0 | 563,265 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 122,057 | 6,219,893 | SH | SOLE | 6,156,383 | 0 | 63,510 | ||
| Rogers Communications Inc. | CL B | 775109200 | 94,102 | 2,731,323 | SH | SOLE | 2,703,528 | 0 | 27,795 | ||
| Royal Bank of Canada | COM | 780087102 | 178,027 | 3,219,832 | SH | SOLE | 3,186,732 | 0 | 33,100 | ||
| Sabre Corp. | COM | 78573M104 | 21,588 | 794,249 | SH | SOLE | 783,284 | 0 | 10,965 | ||
| Scripps Networks Interactive Inc. | CL A | 811065101 | 5,163 | 104,954 | SH | SOLE | 101,404 | 0 | 3,550 | ||
| Shaw Communications Inc. | CL B | 82028K200 | 91,096 | 4,704,885 | SH | SOLE | 4,658,639 | 0 | 46,246 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 97,282 | 1,388,945 | SH | SOLE | 900,640 | 0 | 488,305 | ||
| Strayer Education Inc. | COM | 863236105 | 19,234 | 349,898 | SH | SOLE | 217,368 | 0 | 132,530 | ||
| Synnex Corp. | COM | 87162W100 | 72,393 | 851,077 | SH | SOLE | 519,764 | 0 | 331,313 | ||
| Tech Data Corp. | COM | 878237106 | 52,370 | 764,522 | SH | SOLE | 463,891 | 0 | 300,631 | ||
| Teleflex Inc. | COM | 879369106 | 29,958 | 241,189 | SH | SOLE | 146,904 | 0 | 94,285 | ||
| TeleTech Holdings Inc. | COM | 879939106 | 8,518 | 317,956 | SH | SOLE | 307,112 | 0 | 10,844 | ||
| The Coca-Cola Company | COM | 191216100 | 120,434 | 3,001,850 | SH | SOLE | 2,961,434 | 0 | 40,416 | ||
| Thomson Reuters Corp. | COM | 884903105 | 142,469 | 3,544,670 | SH | SOLE | 3,501,229 | 0 | 43,441 | ||
| Toronto-Dominion Bank | COM | 891160509 | 176,212 | 4,470,895 | SH | SOLE | 4,423,673 | 0 | 47,222 | ||
| Tronox Ltd. | CL A | Q9235V101 | 5,989 | 1,370,515 | SH | SOLE | 1,210,406 | 0 | 160,109 | ||
| Union Pacific Corp. | COM | 907818108 | 316,939 | 3,605,669 | SH | SOLE | 3,566,724 | 0 | 38,945 | ||
| United Technologies Corp. | COM | 913017109 | 269,652 | 3,040,752 | SH | SOLE | 3,008,873 | 0 | 31,879 | ||
| Waddell & Reed Financial Inc. | COM | 930059100 | 12,348 | 355,132 | SH | SOLE | 243,341 | 0 | 111,791 | ||
| Walgreens Boots Alliance Inc. | COM | 931427108 | 337,371 | 4,081,818 | SH | SOLE | 4,036,519 | 0 | 45,299 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 9,071 | 12,139 | SH | SOLE | 11,737 | 0 | 402 | ||