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
Aegerion Pharmaceuticals Inc. NOTE 2.000% 8/1 00767EAB8 27,250 33,642,000 SH   SOLE   0 0 0
AFFILIATED MANAGERS GROUP COM 008252108 222,835 1,359,250 SH   SOLE   0 0 0
ALERE INC COM 01449J105 154,448 3,887,428 SH   SOLE   0 0 0
ALERE INC PERP PFD CONV SE 01449J204 72,438 220,849 SH   SOLE   0 0 0
AMERICAN INTL GROUP INC W EXP 01/19/202 026874156 55 2,580 SH   SOLE   0 0 0
ANTHEM INC COM 036752103 369,197 2,232,419 SH   SOLE   0 0 0
BANK N S HALIFAX COM 064149107 47,712 815,560 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY INC DEL CL A 084670108 270,338 1,082 SH   SOLE   0 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670702 95,129 570,728 SH   SOLE   0 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 126,608 3,394,303 SH   SOLE   0 0 0
COLLIERS INTL GROUP INC SUB VTG SHRS 194693107 51,899 1,097,094 SH   SOLE   0 0 0
CSX Corp. COM 126408103 209,126 4,492,502 SH   SOLE   0 0 0
DIGI INTL INC COM 253798102 22,702 1,907,764 SH   SOLE   0 0 0
DineEquity, Inc. COM 254423106 23,000 422,643 SH   SOLE   0 0 0
EASTMAN CHEM CO COM 277432100 157,851 1,953,599 SH   SOLE   0 0 0
EchoStar Corp., class A CL A 278768106 40,310 707,818 SH   SOLE   0 0 0
ENERPLUS CORP COM 292766102 5,026 624,086 SH   SOLE   0 0 0
EXFO INC SUB VTG SHS 302046107 15,804 3,011,136 SH   SOLE   0 0 0
FLOWSERVE CORP COM 34354P105 249,914 5,161,371 SH   SOLE   0 0 0
FRANCO NEVADA CORP COM 351858105 17,015 259,730 SH   SOLE   0 0 0
GENERAC HLDGS INC COM 368736104 287,285 7,706,145 SH   SOLE   0 0 0
GRAN TIERRA ENERGY INC COM 38500T101 8,079 3,035,079 SH   SOLE   0 0 0
GRANITE REAL ESTATE INVT TR UNIT/99/99/9999 387437114 104,733 2,993,989 SH   SOLE   0 0 0
JPMORGAN CHASE & CO COM 46625H100 85,979 978,814 SH   SOLE   0 0 0
LIVE NATION ENTERTAINMENT IN COM 538034109 279,822 9,213,765 SH   SOLE   0 0 0
MANULIFE FINL CORP COM 56501R106 31,828 1,794,242 SH   SOLE   0 0 0
OSISKO GOLD ROYALTIES LTD COM 68827L101 35,641 3,206,877 SH   SOLE   0 0 0
REALOGY HLDGS CORP COM 75605Y106 296,666 9,958,584 SH   SOLE   0 0 0
RESTAURANT BRANDS INTL INC COM 76131D103 72,340 1,298,628 SH   SOLE   0 0 0
REXNORD CORP NEW COM 76169B102 228,844 9,915,261 SH   SOLE   0 0 0
SANDSTORM GOLD LTD COM 80013R206 12,996 3,021,455 SH   SOLE   0 0 0
SEACOR HOLDINGS INC NOTE 2.500%12/1 811904AM3 17,818 17,500,000 SH   SOLE   0 0 0
SERVICE CORP INTL COM 817565104 238,837 7,734,368 SH   SOLE   0 0 0
TE CONNECTIVITY LTD COM H84989104 273,569 3,669,600 SH   SOLE   0 0 0
TEAM INC COM 878155100 68,559 2,534,521 SH   SOLE   0 0 0
TORONTO DOMINION BK ONT COM 891160509 47,190 942,140 SH   SOLE   0 0 0
UBIQUITI NETWORKS INC COM 90347A100 288,972 5,749,542 SH   SOLE   0 0 0
WABCO HLDGS INC COM 92927K102 374,599 3,190,252 SH   SOLE   0 0 0
WABTEC CORP COM 929740108 186,803 2,394,915 SH   SOLE   0 0 0
WELLS FARGO & CO NEW COM 949746101 505,092 9,074,587 SH   SOLE   0 0 0
WESCO INTL INC COM 95082P105 294,137 4,229,147 SH   SOLE   0 0 0
FIRSTSERVICE CORP SUB VTG SH 337738108 1,127 18,643 SH   SOLE   0 0 0