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 | 1,569 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Advantage Oil & Gas Ltd. | COM | 00765F101 | 141,456 | 21,463,296 | SH | SOLE | 21,308,496 | 0 | 154,800 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 170,713 | 4,734,144 | SH | SOLE | 4,571,061 | 0 | 163,083 | ||
| Altria Group Inc. | COM | 02209S103 | 2,146 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | COM | 02665T306 | 91,621 | 3,990,451 | SH | SOLE | 3,033,576 | 0 | 956,875 | ||
| AmerisourceBergen Corp. | COM | 03073E105 | 226,999 | 2,564,960 | SH | SOLE | 2,476,522 | 0 | 88,438 | ||
| Apple Inc. | COM | 037833100 | 151,062 | 1,051,526 | SH | SOLE | 1,025,508 | 0 | 26,018 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 8,843 | 130,422 | SH | SOLE | 126,392 | 0 | 4,030 | ||
| Armstrong Flooring Inc. | COM | 04238R106 | 15,988 | 867,977 | SH | SOLE | 633,318 | 0 | 234,659 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 80,991 | 1,432,457 | SH | SOLE | 1,066,486 | 0 | 365,971 | ||
| Artisan Partners Asset Management Inc. | CL A | 04316A108 | 42,993 | 1,557,717 | SH | SOLE | 1,147,701 | 0 | 410,016 | ||
| Asbury Automotive Group Inc. | COM | 043436104 | 60,485 | 1,006,400 | SH | SOLE | 775,045 | 0 | 231,355 | ||
| Autonation Inc. | COM | 05329W102 | 133,193 | 3,149,521 | SH | SOLE | 3,042,770 | 0 | 106,751 | ||
| AutoZone, Inc. | COM | 053332102 | 290,144 | 401,278 | SH | SOLE | 390,363 | 0 | 10,915 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 6,429 | 199,669 | SH | SOLE | 193,614 | 0 | 6,055 | ||
| Bank of Montreal | COM | 063671101 | 2,237 | 30,000 | SH | SOLE | 30,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 196,015 | 3,356,441 | SH | SOLE | 3,332,691 | 0 | 23,750 | ||
| BB&T Corp. | COM | 054937107 | 361,226 | 8,081,120 | SH | SOLE | 7,866,769 | 0 | 214,351 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 142,277 | 775,607 | SH | SOLE | 749,477 | 0 | 26,130 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 75,954 | 304 | SH | SOLE | 303 | 0 | 1 | ||
| Berkshire Hathaway Inc. | CL B | 084670702 | 9,859 | 59,150 | SH | SOLE | 48,426 | 0 | 10,724 | ||
| Booz Allen Hamilton Holding Corp. | COM | 099502106 | 76,569 | 2,163,574 | SH | SOLE | 1,633,403 | 0 | 530,171 | ||
| Brookfield Asset Management Inc. | CL A | 112585104 | 247,355 | 6,801,364 | SH | SOLE | 6,755,029 | 0 | 46,335 | ||
| Brookfiled Business Partners | COM | G16234109 | 2,496 | 100,912 | SH | SOLE | 100,272 | 0 | 640 | ||
| Brookfield Infrastructure Partners LP | COM | G16252101 | 31,614 | 818,736 | SH | SOLE | 818,736 | 0 | 0 | ||
| Brown & Brown Inc. | COM | 115236101 | 58,528 | 1,402,879 | SH | SOLE | 1,034,627 | 0 | 368,252 | ||
| BWX Technologies Inc. | COM | 05605H100 | 56,416 | 1,185,201 | SH | SOLE | 1,143,395 | 0 | 41,806 | ||
| CBIZ Inc. | COM | 124805102 | 67,682 | 4,995,011 | SH | SOLE | 3,835,196 | 0 | 1,159,815 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 497 | 15,200 | SH | SOLE | 15,200 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 215,820 | 2,929,047 | SH | SOLE | 2,908,347 | 0 | 20,700 | ||
| CEB Inc. | COM | 125134106 | 114,739 | 1,459,789 | SH | SOLE | 1,104,949 | 0 | 354,840 | ||
| Cenovus Energy Inc. | COM | 15135U109 | 191,678 | 16,966,937 | SH | SOLE | 16,713,758 | 0 | 253,179 | ||
| Cisco Systems Inc. | COM | 17275R102 | 267,327 | 7,909,079 | SH | SOLE | 7,717,456 | 0 | 191,623 | ||
| Coca-Cola Femsa S.A.B. de C.V. | ADR | 191241108 | 28,030 | 390,939 | SH | SOLE | 390,939 | 0 | 0 | ||
| Colony Starwood Homes | COM | 19625X102 | 23,031 | 678,378 | SH | SOLE | 527,954 | 0 | 150,424 | ||
| Computer Programs and Systems Inc. | COM | 205306103 | 30,481 | 1,088,605 | SH | SOLE | 802,771 | 0 | 285,834 | ||
| Copart Inc. | COM | 217204106 | 12,056 | 194,668 | SH | SOLE | 188,906 | 0 | 5,762 | ||
| Deckers Outdoor Corp. | COM | 243537107 | 46,360 | 776,156 | SH | SOLE | 575,105 | 0 | 201,051 | ||
| Diageo PLC | ADR | 25243Q205 | 547 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| DineEquity, Inc. | COM | 254423106 | 42,880 | 787,940 | SH | SOLE | 613,110 | 0 | 174,830 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 11,776 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Enbridge Inc. | COM | 29250N105 | 133,964 | 3,203,491 | SH | SOLE | 3,181,691 | 0 | 21,800 | ||
| Equifax Inc. | COM | 294429105 | 228,660 | 1,672,226 | SH | SOLE | 1,485,556 | 0 | 186,670 | ||
| Expedia Inc. | COM | 30212P303 | 35,936 | 284,822 | SH | SOLE | 205,028 | 0 | 79,794 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 3,795 | 67,187 | SH | SOLE | 65,156 | 0 | 2,031 | ||
| Extended Stay America Inc. | UNIT | 30224P200 | 18,325 | 1,149,645 | SH | SOLE | 922,943 | 0 | 226,702 | ||
| Federated Investors Inc. | CL B | 314211103 | 38,605 | 1,465,632 | SH | SOLE | 1,079,119 | 0 | 386,513 | ||
| Franklin Resources, Inc. | COM | 354613101 | 1,157 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| General Electric Co. | COM | 369604103 | 1,490 | 50,000 | SH | SOLE | 50,000 | 0 | 0 | ||
| Generac Holdings Inc. | COM | 368736104 | 62,475 | 1,675,829 | SH | SOLE | 1,260,659 | 0 | 415,170 | ||
| Gentex Corp. | COM | 371901109 | 238,694 | 11,190,538 | SH | SOLE | 9,540,858 | 0 | 1,649,680 | ||
| Graco Inc. | COM | 384109104 | 49,901 | 530,068 | SH | SOLE | 396,999 | 0 | 133,069 | ||
| Harris Corp. | COM | 413875105 | 140,993 | 1,267,126 | SH | SOLE | 1,223,712 | 0 | 43,414 | ||
| Hilltop Holdings Inc. | COM | 432748101 | 46,342 | 1,686,988 | SH | SOLE | 1,175,307 | 0 | 511,681 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 13,552 | 1,335,131 | SH | SOLE | 1,108,073 | 0 | 227,058 | ||
| Houlihan Lokey, Inc. | COM | 441593100 | 42,677 | 1,238,818 | SH | SOLE | 915,123 | 0 | 323,695 | ||
| Imperial Oil Ltd. | COM | 453038408 | 21,238 | 698,239 | SH | SOLE | 697,139 | 0 | 1,100 | ||
| Jacobs Engineering Group Inc. | COM | 469814107 | 17,082 | 309,005 | SH | SOLE | 67,203 | 0 | 241,802 | ||
| Johnson & Johnson | COM | 478160104 | 402,178 | 3,229,046 | SH | SOLE | 3,146,828 | 0 | 82,218 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 2,402 | 27,346 | SH | SOLE | 27,346 | 0 | 0 | ||
| Kimberly Clark Corp. | COM | 494368103 | 60,842 | 462,219 | SH | SOLE | 446,533 | 0 | 15,686 | ||
| The Kraft Heinz Co. | COM | 500754106 | 1,362 | 15,000 | SH | SOLE | 15,000 | 0 | 0 | ||
| Laboratory Corporation of America Holdings | COM | 50540R409 | 10,411 | 72,563 | SH | SOLE | 70,372 | 0 | 2,191 | ||
| Leucadia National Corp. | COM | 527288104 | 75,092 | 2,888,169 | SH | SOLE | 2,201,435 | 0 | 686,734 | ||
| Main Street Capital Corp. | COM | 56035L104 | 65,842 | 1,720,453 | SH | SOLE | 1,240,373 | 0 | 480,080 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 83,803 | 446,971 | SH | SOLE | 336,133 | 0 | 110,838 | ||
| McDonald's Corp. | COM | 580135101 | 179,869 | 1,387,770 | SH | SOLE | 1,343,129 | 0 | 44,641 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 321 | 5,047 | SH | SOLE | 5,047 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 271,329 | 4,119,785 | SH | SOLE | 3,979,612 | 0 | 140,173 | ||
| Morgan Stanley | COM | 617446448 | 1,544 | 36,047 | SH | SOLE | 36,047 | 0 | 0 | ||
| Northern Trust Corp. | COM | 665859104 | 202,658 | 2,340,702 | SH | SOLE | 2,260,564 | 0 | 80,138 | ||
| Oaktree Capital Group LLC | COM | 674001201 | 10,483 | 231,411 | SH | SOLE | 224,404 | 0 | 7,007 | ||
| Oppenheimer Holdings Inc. | CL A | 683797104 | 7,782 | 455,059 | SH | SOLE | 455,059 | 0 | 0 | ||
| Oracle Corp. | COM | 68389X105 | 268,822 | 6,026,043 | SH | SOLE | 5,886,076 | 0 | 139,967 | ||
| Pennantpark Investment Corp. | COM | 708062104 | 21,176 | 2,601,501 | SH | SOLE | 1,983,116 | 0 | 618,385 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 97,520 | 2,083,320 | SH | SOLE | 1,583,349 | 0 | 499,971 | ||
| PepsiCo Inc. | COM | 713448108 | 246,809 | 2,206,414 | SH | SOLE | 2,150,425 | 0 | 55,989 | ||
| Philip Morris International Inc. | COM | 718172109 | 385,946 | 3,418,477 | SH | SOLE | 3,332,281 | 0 | 86,196 | ||
| Potash Corporation of Saskatchewan Inc. | COM | 73755L107 | 209,799 | 12,301,651 | SH | SOLE | 12,222,599 | 0 | 79,052 | ||
| PPG Industries Inc. | COM | 693506107 | 31,379 | 298,624 | SH | SOLE | 290,635 | 0 | 7,989 | ||
| Premier Inc. | CL A | 74051N102 | 9,854 | 309,580 | SH | SOLE | 300,268 | 0 | 9,312 | ||
| Primerica Inc. | COM | 74164M108 | 135,160 | 1,644,278 | SH | SOLE | 1,242,452 | 0 | 401,826 | ||
| RE/MAX Holdings Inc. | COM | 75524W108 | 83,114 | 1,398,042 | SH | SOLE | 1,064,554 | 0 | 333,488 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 156,232 | 4,748,682 | SH | SOLE | 4,715,152 | 0 | 33,530 | ||
| Rockwell Collins Inc. | COM | 774341101 | 165,017 | 1,698,400 | SH | SOLE | 1,638,897 | 0 | 59,503 | ||
| Royal Bank of Canada | COM | 780087102 | 198,005 | 2,722,491 | SH | SOLE | 2,701,891 | 0 | 20,600 | ||
| Sabre Corp. | COM | 78573M104 | 197,739 | 9,331,715 | SH | SOLE | 9,018,674 | 0 | 313,041 | ||
| Scripps Networks Interactive, Inc. | CL A | 811065101 | 29,031 | 370,435 | SH | SOLE | 118,134 | 0 | 252,301 | ||
| Servicemaster | COM | 81761R109 | 5,317 | 127,359 | SH | SOLE | 123,517 | 0 | 3,842 | ||
| Shopify Inc. | CL A | 82509L107 | 681 | 10,000 | SH | SOLE | 10,000 | 0 | 0 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 91,774 | 2,592,474 | SH | SOLE | 1,973,181 | 0 | 619,293 | ||
| Strayer Education Inc. | COM | 863236105 | 26,943 | 334,733 | SH | SOLE | 241,365 | 0 | 93,368 | ||
| Suncor Energy Inc. | COM | 867224107 | 148,926 | 4,859,145 | SH | SOLE | 4,825,645 | 0 | 33,500 | ||
| TCP Capital Corp. | COM | 87238Q103 | 54,491 | 3,128,048 | SH | SOLE | 2,287,966 | 0 | 840,082 | ||
| TE Connectivity Ltd. | REG SHS | H84989104 | 1,203 | 16,143 | SH | SOLE | 15,698 | 0 | 445 | ||
| Tempur Sealy Intly Inc. | COM | 88023U101 | 48,591 | 1,045,873 | SH | SOLE | 795,504 | 0 | 250,369 | ||
| Toronto-Dominion Bank | COM | 891160509 | 186,320 | 3,726,384 | SH | SOLE | 3,698,362 | 0 | 28,022 | ||
| Transunion | COM | 89400J107 | 9,521 | 248,274 | SH | SOLE | 241,631 | 0 | 6,643 | ||
| Union Pacific Corp. | COM | 907818108 | 408,579 | 3,857,430 | SH | SOLE | 3,748,788 | 0 | 108,642 | ||
| United Technologies Corp. | COM | 913017109 | 382,688 | 3,410,463 | SH | SOLE | 3,316,476 | 0 | 93,987 | ||
| Varex Imaging Corp | COM | 92214X106 | 7,516 | 223,693 | SH | SOLE | 216,827 | 0 | 6,866 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 14,209 | 835,799 | SH | SOLE | 638,915 | 0 | 196,884 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 430,245 | 5,180,551 | SH | SOLE | 5,033,908 | 0 | 146,643 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 7,459 | 8,477 | SH | SOLE | 8,213 | 0 | 264 | ||