The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
AFFILIATED MANAGERS GROUP COM 008252108 73,389 505,086 SH   SOLE   0 0 0
ALERE INC COM 01449J105 121,433 3,116,075 SH   SOLE   0 0 0
ALERE INC PERP PFD CONV SE 01449J204 73,175 221,249 SH   SOLE   0 0 0
AMERICAN INTL GROUP INC COM 026874784 246,509 3,774,438 SH   SOLE   0 0 0
AMERICAN INTL GROUP INC W EXP 01/19/202 026874156 61 2,580 SH   SOLE   0 0 0
ANTHEM INC COM 036752103 309,319 2,151,483 SH   SOLE   0 0 0
ARISTA NETWORKS INC COM 040413106 18,003 186,034 SH   SOLE   0 0 0
BANK N S HALIFAX COM 064149107 45,411 815,560 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 190,170 779 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 92,512 567,630 SH   SOLE   0 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 136,416 3,771,517 SH   SOLE   0 0 0
COLLIERS INTL GROUP INC SUB VTG SHRS 194693107 40,439 1,097,094 SH   SOLE   0 0 0
DIGI INTL INC COM 253798102 26,788 1,948,243 SH   SOLE   0 0 0
EASTMAN CHEM CO COM 277432100 274,447 3,649,078 SH   SOLE   0 0 0
ENERPLUS CORP COM 292766102 5,922 624,086 SH   SOLE   0 0 0
EXFO INC SUB VTG SHS 302046107 18,240 4,193,500 SH   SOLE   0 0 0
FIRSTSERVICE CORP SUB VTG SH 337738108 885 18,643 SH   SOLE   0 0 0
FLOWSERVE CORP COM 34354P105 240,714 5,009,659 SH   SOLE   0 0 0
FRANCO NEVADA CORP COM 351858105 15,530 259,730 SH   SOLE   0 0 0
GENERAC HLDGS INC COM 368736104 318,039 7,806,566 SH   SOLE   0 0 0
GRAN TIERRA ENERGY INC COM 38500T101 9,178 3,035,079 SH   SOLE   0 0 0
GRANITE REAL ESTATE INVT TR UNIT/99/99/9999 387437114 99,967 2,993,989 SH   SOLE   0 0 0
JPMORGAN CHASE & CO COM 46625H100 259,402 3,006,161 SH   SOLE   0 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 248,862 9,355,728 SH   SOLE   0 0 0
MANULIFE FINL CORP COM 56501R106 13,828 776,519 SH   SOLE   0 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 31,265 3,206,877 SH   SOLE   0 0 0
PEGASYSTEMS INC COM 705573103 24,372 677,010 SH   SOLE   0 0 0
REALOGY HLDGS CORP COM 75605Y106 259,474 10,084,484 SH   SOLE   0 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 61,854 1,298,628 SH   SOLE   0 0 0
REXNORD CORP NEW COM 76169B102 214,456 10,947,225 SH   SOLE   0 0 0
SANDSTORM GOLD LTD COM 80013R206 11,860 3,021,455 SH   SOLE   0 0 0
SEACOR HOLDINGS INC NOTE 2.500%12/1 811904AM3 18,160 17,500,000 SH   SOLE   0 0 0
SERVICE CORP INTL COM 817565104 244,097 8,594,949 SH   SOLE   0 0 0
TE CONNECTIVITY LTD COM H84989104 330,779 4,774,528 SH   SOLE   0 0 0
TEAM INC COM 878155100 85,967 2,190,243 SH   SOLE   0 0 0
TORONTO DOMINION BK ONT COM 891160509 46,467 942,140 SH   SOLE   0 0 0
UBIQUITI NETWORKS INC COM 90347A100 267,150 4,621,973 SH   SOLE   0 0 0
UNION PAC CORP COM 907818108 217,501 2,097,815 SH   SOLE   0 0 0
WABCO HLDGS INC COM 92927K102 330,146 3,110,187 SH   SOLE   0 0 0
WABTEC CORP COM 929740108 182,940 2,203,570 SH   SOLE   0 0 0
WELLS FARGO & CO NEW COM 949746101 443,952 8,055,742 SH   SOLE   0 0 0
WESCO INTL INC COM 95082P105 301,063 4,523,856 SH   SOLE   0 0 0