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 | 1,464 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Advantage Oil & Gas Ltd. | COM | 00765F101 | 149,278 | 21,977,509 | SH | SOLE | 21,725,509 | 0 | 252,000 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 168,036 | 4,987,701 | SH | SOLE | 4,826,164 | 0 | 161,537 | ||
| Altria Group Inc. | COM | 02209S103 | 2,032 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | COM | 02665T306 | 93,215 | 4,443,034 | SH | SOLE | 3,110,796 | 0 | 1,332,238 | ||
| AmerisourceBergen Corp. | COM | 03073E105 | 211,856 | 2,709,505 | SH | SOLE | 2,621,489 | 0 | 88,016 | ||
| Apple Inc. | COM | 037833100 | 218,191 | 1,883,878 | SH | SOLE | 1,839,795 | 0 | 44,083 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 7,906 | 119,968 | SH | SOLE | 115,938 | 0 | 4,030 | ||
| Armstrong Flooring Inc. | COM | 04238R106 | 19,416 | 975,212 | SH | SOLE | 647,148 | 0 | 328,064 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 82,427 | 1,586,353 | SH | SOLE | 1,076,110 | 0 | 510,243 | ||
| Artisan Partners Asset Management Inc. | CL A | 04316A108 | 51,862 | 1,743,252 | SH | SOLE | 1,170,127 | 0 | 573,125 | ||
| Asbury Automotive Group Inc. | COM | 043436104 | 73,328 | 1,188,463 | SH | SOLE | 865,015 | 0 | 323,448 | ||
| Autonation Inc. | COM | 05329W102 | 163,643 | 3,363,682 | SH | SOLE | 3,257,215 | 0 | 106,467 | ||
| AutoZone, Inc. | COM | 053332102 | 233,369 | 295,482 | SH | SOLE | 288,043 | 0 | 7,439 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 4,991 | 183,481 | SH | SOLE | 177,426 | 0 | 6,055 | ||
| Bank of Montreal | COM | 063671101 | 2,158 | 30,000 | SH | SOLE | 30,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 193,135 | 3,468,715 | SH | SOLE | 3,434,765 | 0 | 33,950 | ||
| BB&T Corp. | COM | 054937107 | 405,202 | 8,617,652 | SH | SOLE | 8,404,840 | 0 | 212,812 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 135,950 | 821,202 | SH | SOLE | 795,136 | 0 | 26,066 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 72,748 | 298 | SH | SOLE | 297 | 0 | 1 | ||
| Berkshire Hathaway Inc. | CL B | 084670702 | 9,712 | 59,592 | SH | SOLE | 48,948 | 0 | 10,644 | ||
| Booz Allen Hamilton Holding Corp. | COM | 099502106 | 85,759 | 2,377,575 | SH | SOLE | 1,639,576 | 0 | 737,999 | ||
| Brookfield Asset Management Inc. | CL A | 112585104 | 230,455 | 6,984,887 | SH | SOLE | 6,914,352 | 0 | 70,535 | ||
| Brookfiled Business Partners | COM | G16234109 | 2,466 | 102,633 | SH | SOLE | 101,593 | 0 | 1,040 | ||
| Brookfield Infrastructure Partners LP | COM | G16252101 | 28,090 | 839,636 | SH | SOLE | 839,636 | 0 | 0 | ||
| Brown & Brown Inc. | COM | 115236101 | 70,003 | 1,560,469 | SH | SOLE | 1,046,661 | 0 | 513,808 | ||
| BWX Technologies Inc. | COM | 05605H100 | 110,169 | 2,775,046 | SH | SOLE | 2,685,824 | 0 | 89,222 | ||
| CBIZ Inc. | COM | 124805102 | 75,941 | 5,543,145 | SH | SOLE | 3,922,124 | 0 | 1,621,021 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 545 | 17,106 | SH | SOLE | 17,106 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 202,000 | 3,001,595 | SH | SOLE | 2,972,595 | 0 | 29,000 | ||
| CEB Inc. | COM | 125134106 | 96,946 | 1,599,763 | SH | SOLE | 1,106,015 | 0 | 493,748 | ||
| Cenovus Energy Inc. | COM | 15135U109 | 274,673 | 18,167,602 | SH | SOLE | 17,867,623 | 0 | 299,979 | ||
| Cisco Systems Inc. | COM | 17275R102 | 247,336 | 8,184,515 | SH | SOLE | 7,993,068 | 0 | 191,447 | ||
| The Coca-Cola Company | COM | 191216100 | 92,532 | 2,231,830 | SH | SOLE | 2,160,138 | 0 | 71,692 | ||
| Coca-Cola Femsa S.A.B. de C.V. | ADR | 191241108 | 24,402 | 384,047 | SH | SOLE | 384,047 | 0 | 0 | ||
| Colony Starwood Homes | COM | 19625X102 | 21,137 | 733,656 | SH | SOLE | 525,174 | 0 | 208,482 | ||
| Computer Programs and Systems Inc. | COM | 205306103 | 28,744 | 1,217,982 | SH | SOLE | 818,502 | 0 | 399,480 | ||
| Copart Inc. | COM | 217204106 | 9,948 | 179,532 | SH | SOLE | 173,770 | 0 | 5,762 | ||
| Cumulus Media Inc. | COM | 231082108 | 1,063 | 1,042,064 | SH | SOLE | 719,211 | 0 | 322,853 | ||
| Deckers Outdoor Corp. | COM | 243537107 | 48,026 | 867,060 | SH | SOLE | 585,978 | 0 | 281,082 | ||
| Diageo PLC | ADR | 25243Q205 | 492 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| DineEquity, Inc. | COM | 254423106 | 61,697 | 801,266 | SH | SOLE | 560,519 | 0 | 240,747 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 11,589 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Enbridge Inc. | COM | 29250N105 | 137,778 | 3,274,221 | SH | SOLE | 3,240,521 | 0 | 33,700 | ||
| Equifax Inc. | COM | 294429105 | 212,564 | 1,797,887 | SH | SOLE | 1,552,287 | 0 | 245,600 | ||
| Expedia Inc. | COM | 30212P303 | 36,345 | 320,838 | SH | SOLE | 209,285 | 0 | 111,553 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 3,274 | 61,817 | SH | SOLE | 59,786 | 0 | 2,031 | ||
| Extended Stay America Inc. | UNIT | 30224P200 | 18,823 | 1,165,514 | SH | SOLE | 849,504 | 0 | 316,010 | ||
| Federated Investors Inc. | CL B | 314211103 | 46,130 | 1,631,184 | SH | SOLE | 1,091,873 | 0 | 539,311 | ||
| Franklin Resources, Inc. | COM | 354613101 | 1,087 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| General Electric Co. | COM | 369604103 | 1,580 | 50,000 | SH | SOLE | 50,000 | 0 | 0 | ||
| Generac Holdings Inc. | COM | 368736104 | 78,124 | 1,917,625 | SH | SOLE | 1,337,057 | 0 | 580,568 | ||
| Gentex Corp. | COM | 371901109 | 232,268 | 11,796,265 | SH | SOLE | 9,553,498 | 0 | 2,242,767 | ||
| Graco Inc. | COM | 384109104 | 48,545 | 584,250 | SH | SOLE | 398,926 | 0 | 185,324 | ||
| Harris Corp. | COM | 413875105 | 137,220 | 1,339,121 | SH | SOLE | 1,295,820 | 0 | 43,301 | ||
| Hilltop Holdings Inc. | COM | 432748101 | 54,914 | 1,842,741 | SH | SOLE | 1,192,912 | 0 | 649,829 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 14,970 | 1,379,698 | SH | SOLE | 1,069,064 | 0 | 310,634 | ||
| Houlihan Lokey, Inc. | COM | 441593100 | 43,117 | 1,385,494 | SH | SOLE | 933,101 | 0 | 452,393 | ||
| Imperial Oil Ltd. | COM | 453038408 | 24,128 | 693,576 | SH | SOLE | 692,476 | 0 | 1,100 | ||
| Inovalon Holdings Inc. | COM CL A | 45781D101 | 3,003 | 291,593 | SH | SOLE | 281,809 | 0 | 9,784 | ||
| iSHARES iBOXX HI-YLD BOND ETF | COM | 464288513 | 8,135 | 93,988 | SH | SOLE | 93,988 | 0 | 0 | ||
| Jacobs Engineering Group Inc. | COM | 469814107 | 22,802 | 400,036 | SH | SOLE | 61,594 | 0 | 338,442 | ||
| Johnson & Johnson | COM | 478160104 | 385,241 | 3,343,819 | SH | SOLE | 3,261,794 | 0 | 82,025 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 2,360 | 27,346 | SH | SOLE | 27,346 | 0 | 0 | ||
| Kayne Anderson Energy Development Co. | COM | 48660Q102 | 13,644 | 702,198 | SH | SOLE | 427,670 | 0 | 274,528 | ||
| Kimberly Clark Corp. | COM | 494368103 | 55,419 | 485,624 | SH | SOLE | 469,979 | 0 | 15,645 | ||
| The Kraft Heinz Co. | COM | 500754106 | 1,310 | 15,000 | SH | SOLE | 15,000 | 0 | 0 | ||
| Laboratory Corporation of America Holdings | COM | 50540R409 | 8,563 | 66,702 | SH | SOLE | 64,511 | 0 | 2,191 | ||
| Leucadia National Corp. | COM | 527288104 | 73,274 | 3,151,569 | SH | SOLE | 2,197,302 | 0 | 954,267 | ||
| Main Street Capital Corp. | COM | 56035L104 | 71,356 | 1,940,606 | SH | SOLE | 1,271,063 | 0 | 669,543 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 72,194 | 491,384 | SH | SOLE | 336,379 | 0 | 155,005 | ||
| McDonald's Corp. | COM | 580135101 | 178,351 | 1,465,256 | SH | SOLE | 1,420,725 | 0 | 44,531 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 297 | 5,047 | SH | SOLE | 5,047 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 271,042 | 4,361,789 | SH | SOLE | 4,221,725 | 0 | 140,064 | ||
| Moody's Corp. | COM | 615369105 | 3,350 | 35,533 | SH | SOLE | 34,353 | 0 | 1,180 | ||
| Morgan Stanley | COM | 617446448 | 1,523 | 36,047 | SH | SOLE | 36,047 | 0 | 0 | ||
| MSG Network Inc. | CL A | 553573106 | 1,035 | 48,128 | SH | SOLE | 48,128 | 0 | 0 | ||
| Northern Trust Corp. | COM | 665859104 | 220,878 | 2,480,386 | SH | SOLE | 2,400,445 | 0 | 79,941 | ||
| Oaktree Capital Group LLC | COM | 674001201 | 7,976 | 212,691 | SH | SOLE | 205,684 | 0 | 7,007 | ||
| Oppenheimer Holdings Inc. | CL A | 683797104 | 8,464 | 455,059 | SH | SOLE | 455,059 | 0 | 0 | ||
| Oracle Corp. | COM | 68389X105 | 238,895 | 6,213,126 | SH | SOLE | 6,073,474 | 0 | 139,652 | ||
| Pennantpark Investment Corp. | COM | 708062104 | 21,983 | 2,869,904 | SH | SOLE | 2,005,350 | 0 | 864,554 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 146,248 | 2,821,149 | SH | SOLE | 1,969,291 | 0 | 851,858 | ||
| PepsiCo Inc. | COM | 713448108 | 239,961 | 2,293,426 | SH | SOLE | 2,237,542 | 0 | 55,884 | ||
| Philip Morris International Inc. | COM | 718172109 | 324,887 | 3,551,069 | SH | SOLE | 3,464,975 | 0 | 86,094 | ||
| Potash Corporation of Saskatchewan Inc. | COM | 73755L107 | 226,885 | 12,541,706 | SH | SOLE | 12,418,254 | 0 | 123,452 | ||
| PPG Industries Inc. | COM | 693506107 | 3,726 | 39,317 | SH | SOLE | 38,237 | 0 | 1,080 | ||
| Premier Inc. | CL A | 74051N102 | 8,642 | 284,644 | SH | SOLE | 275,332 | 0 | 9,312 | ||
| Primerica Inc. | COM | 74164M108 | 125,545 | 1,815,541 | SH | SOLE | 1,256,358 | 0 | 559,183 | ||
| RE/MAX Holdings Inc. | COM | 75524W108 | 85,837 | 1,532,803 | SH | SOLE | 1,069,028 | 0 | 463,775 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 165,168 | 4,609,226 | SH | SOLE | 4,558,427 | 0 | 50,799 | ||
| Rockwell Collins Inc. | COM | 774341101 | 168,971 | 1,821,588 | SH | SOLE | 1,762,238 | 0 | 59,350 | ||
| Rogers Communications Inc. | CL B | 775109200 | 817 | 21,182 | SH | SOLE | 21,182 | 0 | 0 | ||
| Royal Bank of Canada | COM | 780087102 | 191,884 | 2,835,288 | SH | SOLE | 2,806,088 | 0 | 29,200 | ||
| Sabre Corp. | COM | 78573M104 | 223,010 | 8,938,275 | SH | SOLE | 8,656,856 | 0 | 281,419 | ||
| Scripps Networks Interactive, Inc. | CL A | 811065101 | 32,901 | 460,998 | SH | SOLE | 108,455 | 0 | 352,543 | ||
| Servicemaster | COM | 81761R109 | 4,410 | 117,066 | SH | SOLE | 113,224 | 0 | 3,842 | ||
| Shopify Inc. | CL A | 82509L107 | 429 | 10,000 | SH | SOLE | 10,000 | 0 | 0 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 80,960 | 2,830,769 | SH | SOLE | 1,970,057 | 0 | 860,712 | ||
| Strayer Education Inc. | COM | 863236105 | 30,422 | 377,303 | SH | SOLE | 246,770 | 0 | 130,533 | ||
| Suncor Energy Inc. | COM | 867224107 | 186,848 | 5,714,803 | SH | SOLE | 5,656,633 | 0 | 58,170 | ||
| TCP Capital Corp. | COM | 87238Q103 | 59,131 | 3,498,859 | SH | SOLE | 2,324,349 | 0 | 1,174,510 | ||
| Toronto-Dominion Bank | COM | 891160509 | 190,739 | 3,867,485 | SH | SOLE | 3,828,763 | 0 | 38,722 | ||
| Union Pacific Corp. | COM | 907818108 | 431,342 | 4,160,322 | SH | SOLE | 4,051,947 | 0 | 108,375 | ||
| United Technologies Corp. | COM | 913017109 | 388,903 | 3,547,738 | SH | SOLE | 3,453,982 | 0 | 93,756 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 17,857 | 915,280 | SH | SOLE | 641,408 | 0 | 273,872 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 447,771 | 5,410,477 | SH | SOLE | 5,264,765 | 0 | 145,712 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 6,545 | 7,829 | SH | SOLE | 7,565 | 0 | 264 | ||