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 | 1,707 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Advantage Oil & Gas Ltd. | COM | 00765F101 | 142,845 | 21,136,962 | SH | SOLE | 20,982,162 | 0 | 154,800 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 179,899 | 4,796,019 | SH | SOLE | 4,644,355 | 0 | 151,664 | ||
| Altria Group Inc. | COM | 02209S103 | 2,238 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | COM | 02665T306 | 89,932 | 3,984,599 | SH | SOLE | 3,027,724 | 0 | 956,875 | ||
| AmerisourceBergen Corp. | COM | 03073E105 | 250,422 | 2,649,123 | SH | SOLE | 2,565,400 | 0 | 83,723 | ||
| Apple Inc. | COM | 037833100 | 152,670 | 1,060,062 | SH | SOLE | 1,035,601 | 0 | 24,461 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 8,095 | 133,579 | SH | SOLE | 129,549 | 0 | 4,030 | ||
| Armstrong Flooring Inc. | COM | 04238R106 | 15,471 | 860,939 | SH | SOLE | 626,280 | 0 | 234,659 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 81,542 | 1,424,317 | SH | SOLE | 1,058,346 | 0 | 365,971 | ||
| Artisan Partners Asset Management Inc. | CL A | 04316A108 | 47,437 | 1,545,180 | SH | SOLE | 1,135,164 | 0 | 410,016 | ||
| Asbury Automotive Group Inc. | COM | 043436104 | 56,566 | 1,000,279 | SH | SOLE | 768,924 | 0 | 231,355 | ||
| Autonation Inc. | COM | 05329W102 | 131,935 | 3,129,389 | SH | SOLE | 3,030,017 | 0 | 99,372 | ||
| AutoZone, Inc. | COM | 053332102 | 336,647 | 590,132 | SH | SOLE | 575,435 | 0 | 14,697 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 6,544 | 204,231 | SH | SOLE | 198,176 | 0 | 6,055 | ||
| Bank of Montreal | COM | 063671101 | 2,201 | 30,000 | SH | SOLE | 30,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 198,079 | 3,295,068 | SH | SOLE | 3,271,318 | 0 | 23,750 | ||
| BB&T Corp. | COM | 054937107 | 379,414 | 8,355,306 | SH | SOLE | 8,149,772 | 0 | 205,534 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 153,313 | 785,775 | SH | SOLE | 762,587 | 0 | 23,188 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 83,032 | 326 | SH | SOLE | 325 | 0 | 1 | ||
| Berkshire Hathaway Inc. | CL B | 084670702 | 10,575 | 62,440 | SH | SOLE | 50,721 | 0 | 11,719 | ||
| Booz Allen Hamilton Holding Corp. | COM | 099502106 | 70,067 | 2,153,255 | SH | SOLE | 1,623,084 | 0 | 530,171 | ||
| Brookfield Asset Management Inc. | CL A | 112585104 | 258,177 | 6,583,562 | SH | SOLE | 6,537,477 | 0 | 46,085 | ||
| Brookfield Infrastructure Partners | LP INT UNIT | G16252101 | 32,983 | 806,993 | SH | SOLE | 806,993 | 0 | 0 | ||
| Brown & Brown Inc. | COM | 115236101 | 60,048 | 1,394,195 | SH | SOLE | 1,025,943 | 0 | 368,252 | ||
| BWX Technologies Inc. | COM | 05605H100 | 58,531 | 1,200,631 | SH | SOLE | 1,161,753 | 0 | 38,878 | ||
| CBIZ Inc. | COM | 124805102 | 74,171 | 4,944,700 | SH | SOLE | 3,798,761 | 0 | 1,145,939 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 438 | 15,200 | SH | SOLE | 15,200 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 235,787 | 2,908,028 | SH | SOLE | 2,887,328 | 0 | 20,700 | ||
| Cenovus Energy Inc. | COM | 15135U109 | 186,301 | 25,289,102 | SH | SOLE | 24,821,681 | 0 | 467,421 | ||
| Cisco Systems Inc. | COM | 17275R102 | 247,961 | 7,922,082 | SH | SOLE | 7,743,909 | 0 | 178,173 | ||
| Coca-Cola Femsa S.A.B. de C.V. | ADR | 191241108 | 33,533 | 396,042 | SH | SOLE | 396,042 | 0 | 0 | ||
| Colliers International Group Inc | SUB VTG SHS | 194693107 | 110,102 | 1,949,260 | SH | SOLE | 1,934,360 | 0 | 14,900 | ||
| Colony Starwood Homes | COM | 19625X102 | 23,375 | 681,289 | SH | SOLE | 530,865 | 0 | 150,424 | ||
| Computer Programs and Systems Inc. | COM | 205306103 | 35,411 | 1,079,606 | SH | SOLE | 793,772 | 0 | 285,834 | ||
| Copart Inc. | COM | 217204106 | 12,633 | 397,389 | SH | SOLE | 385,865 | 0 | 11,524 | ||
| Deckers Outdoor Corp. | COM | 243537107 | 52,560 | 770,004 | SH | SOLE | 568,902 | 0 | 201,102 | ||
| Diageo PLC | ADR | 25243Q205 | 568 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| DineEquity, Inc. | COM | 254423106 | 34,547 | 784,263 | SH | SOLE | 609,392 | 0 | 174,871 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 11,776 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Enbridge Inc. | COM | 29250N105 | 179,227 | 4,502,208 | SH | SOLE | 4,471,393 | 0 | 30,815 | ||
| Equifax Inc. | COM | 294429105 | 231,339 | 1,683,442 | SH | SOLE | 1,502,385 | 0 | 181,057 | ||
| Expedia Inc. | COM | 30212P303 | 42,014 | 282,067 | SH | SOLE | 203,167 | 0 | 78,900 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 3,879 | 68,685 | SH | SOLE | 66,654 | 0 | 2,031 | ||
| Extended Stay America Inc. | UNIT | 30224P200 | 23,943 | 1,236,716 | SH | SOLE | 912,661 | 0 | 324,055 | ||
| Federated Investors Inc. | CL B | 314211103 | 41,187 | 1,457,936 | SH | SOLE | 1,071,423 | 0 | 386,513 | ||
| Franklin Resources, Inc. | COM | 354613101 | 1,230 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Gartner Inc | COM | 366651107 | 41,023 | 332,144 | SH | SOLE | 251,100 | 0 | 81,044 | ||
| Generac Holdings Inc. | COM | 368736104 | 60,241 | 1,667,350 | SH | SOLE | 1,252,180 | 0 | 415,170 | ||
| Gentex Corp. | COM | 371901109 | 212,195 | 11,185,801 | SH | SOLE | 9,538,877 | 0 | 1,646,924 | ||
| Graco Inc. | COM | 384109104 | 57,655 | 527,586 | SH | SOLE | 394,517 | 0 | 133,069 | ||
| Harris Corp. | COM | 413875105 | 140,483 | 1,287,891 | SH | SOLE | 1,244,509 | 0 | 43,382 | ||
| Hilltop Holdings Inc. | COM | 432748101 | 43,500 | 1,659,690 | SH | SOLE | 1,161,961 | 0 | 497,729 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 20,974 | 1,705,185 | SH | SOLE | 1,379,622 | 0 | 325,563 | ||
| Houlihan Lokey, Inc. | COM | 441593100 | 42,864 | 1,228,183 | SH | SOLE | 904,488 | 0 | 323,695 | ||
| Imperial Oil Ltd. | COM | 453038408 | 21,692 | 744,713 | SH | SOLE | 743,613 | 0 | 1,100 | ||
| Jacobs Engineering Group Inc. | COM | 469814107 | 16,893 | 310,589 | SH | SOLE | 68,787 | 0 | 241,802 | ||
| Johnson & Johnson | COM | 478160104 | 421,294 | 3,184,621 | SH | SOLE | 3,106,660 | 0 | 77,961 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 2,499 | 27,346 | SH | SOLE | 27,346 | 0 | 0 | ||
| Kimberly Clark Corp. | COM | 494368103 | 60,626 | 469,572 | SH | SOLE | 454,943 | 0 | 14,629 | ||
| The Kraft Heinz Co. | COM | 500754106 | 1,285 | 15,000 | SH | SOLE | 15,000 | 0 | 0 | ||
| Laboratory Corporation of America Holdings | COM | 50540R409 | 11,440 | 74,216 | SH | SOLE | 72,025 | 0 | 2,191 | ||
| Leucadia National Corp. | COM | 527288104 | 75,838 | 2,898,990 | SH | SOLE | 2,193,180 | 0 | 705,810 | ||
| Main Street Capital Corp. | COM | 56035L104 | 65,847 | 1,712,098 | SH | SOLE | 1,232,018 | 0 | 480,080 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 89,340 | 444,255 | SH | SOLE | 334,130 | 0 | 110,125 | ||
| McDonald's Corp. | COM | 580135101 | 215,624 | 1,407,837 | SH | SOLE | 1,366,380 | 0 | 41,457 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 310 | 4,839 | SH | SOLE | 4,839 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 288,271 | 4,182,079 | SH | SOLE | 4,052,480 | 0 | 129,599 | ||
| Morgan Stanley | COM | 617446448 | 1,606 | 36,047 | SH | SOLE | 36,047 | 0 | 0 | ||
| Northern Trust Corp. | COM | 665859104 | 230,733 | 2,373,551 | SH | SOLE | 2,299,155 | 0 | 74,396 | ||
| Oaktree Capital Group LLC | COM | 674001201 | 11,029 | 236,683 | SH | SOLE | 229,676 | 0 | 7,007 | ||
| Oppenheimer Holdings Inc. | CL A | 683797104 | 7,463 | 455,059 | SH | SOLE | 455,059 | 0 | 0 | ||
| Oracle Corp. | COM | 68389X105 | 305,196 | 6,086,871 | SH | SOLE | 5,953,389 | 0 | 133,482 | ||
| Pennantpark Investment Corp. | COM | 708062104 | 19,089 | 2,583,042 | SH | SOLE | 1,964,657 | 0 | 618,385 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 91,257 | 2,078,264 | SH | SOLE | 1,578,293 | 0 | 499,971 | ||
| PepsiCo Inc. | COM | 713448108 | 259,548 | 2,247,364 | SH | SOLE | 2,190,621 | 0 | 56,743 | ||
| Philip Morris International Inc. | COM | 718172109 | 365,516 | 3,112,098 | SH | SOLE | 3,028,405 | 0 | 83,693 | ||
| Potash Corporation of Saskatchewan Inc. | COM | 73755L107 | 195,226 | 11,978,521 | SH | SOLE | 11,899,469 | 0 | 79,052 | ||
| PPG Industries Inc. | COM | 693506107 | 32,926 | 299,436 | SH | SOLE | 291,464 | 0 | 7,972 | ||
| Premier Inc. | CL A | 74051N102 | 11,398 | 316,600 | SH | SOLE | 307,288 | 0 | 9,312 | ||
| Primerica Inc. | COM | 74164M108 | 124,052 | 1,637,654 | SH | SOLE | 1,235,828 | 0 | 401,826 | ||
| RE/MAX Holdings Inc. | COM | 75524W108 | 77,881 | 1,389,486 | SH | SOLE | 1,059,803 | 0 | 329,683 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 136,200 | 4,739,032 | SH | SOLE | 4,705,502 | 0 | 33,530 | ||
| Rockwell Collins Inc. | COM | 774341101 | 50,414 | 479,768 | SH | SOLE | 464,696 | 0 | 15,072 | ||
| Royal Bank of Canada | COM | 780087102 | 194,420 | 2,679,482 | SH | SOLE | 2,658,975 | 0 | 20,507 | ||
| Sabre Corp. | COM | 78573M104 | 205,775 | 9,452,247 | SH | SOLE | 9,160,174 | 0 | 292,073 | ||
| Sally Beauty Holdings Inc. | COM | 79546E104 | 51,787 | 2,557,381 | SH | SOLE | 1,940,688 | 0 | 616,693 | ||
| Scripps Networks Interactive, Inc. | CL A | 811065101 | 25,488 | 373,118 | SH | SOLE | 120,817 | 0 | 252,301 | ||
| Servicemaster | COM | 81761R109 | 6,384 | 162,902 | SH | SOLE | 158,095 | 0 | 4,807 | ||
| Shopify Inc. | CL A | 82509L107 | 869 | 10,000 | SH | SOLE | 10,000 | 0 | 0 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 99,261 | 2,584,256 | SH | SOLE | 1,964,963 | 0 | 619,293 | ||
| Strayer Education Inc. | COM | 863236105 | 30,856 | 330,997 | SH | SOLE | 238,666 | 0 | 92,331 | ||
| Suncor Energy Inc. | COM | 867224107 | 120,681 | 4,133,230 | SH | SOLE | 4,104,730 | 0 | 28,500 | ||
| TCP Capital Corp. | COM | 87238Q103 | 53,026 | 3,137,605 | SH | SOLE | 2,263,094 | 0 | 874,511 | ||
| TE Connectivity Ltd. | REG SHS | H84989104 | 1,265 | 16,084 | SH | SOLE | 15,639 | 0 | 445 | ||
| Tempur Sealy Intly Inc. | COM | 88023U101 | 56,354 | 1,055,523 | SH | SOLE | 791,551 | 0 | 263,972 | ||
| Toronto-Dominion Bank | COM | 891160509 | 185,599 | 3,685,591 | SH | SOLE | 3,657,569 | 0 | 28,022 | ||
| Transunion | COM | 89400J107 | 10,775 | 248,796 | SH | SOLE | 242,167 | 0 | 6,629 | ||
| Union Pacific Corp. | COM | 907818108 | 424,488 | 3,897,599 | SH | SOLE | 3,795,819 | 0 | 101,780 | ||
| United Technologies Corp. | COM | 913017109 | 420,653 | 3,444,873 | SH | SOLE | 3,356,599 | 0 | 88,274 | ||
| Varex Imaging Corp | COM | 92214X106 | 7,732 | 228,772 | SH | SOLE | 221,906 | 0 | 6,866 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 15,716 | 832,418 | SH | SOLE | 635,534 | 0 | 196,884 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 426,109 | 5,441,307 | SH | SOLE | 5,302,261 | 0 | 139,046 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 7,528 | 8,666 | SH | SOLE | 8,402 | 0 | 264 | ||