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 | 1,728 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Advantage Oil & Gas Ltd. | COM DELETED | 00765F101 | 81,087 | 29,157,564 | SH | SOLE | 28,650,985 | 0 | 506,579 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 277,964 | 5,344,433 | SH | SOLE | 5,090,100 | 0 | 254,333 | ||
| Alphabet Inc. | CAP STK CL A | 02079K305 | 120,066 | 99,468 | SH | SOLE | 94,608 | 0 | 4,860 | ||
| Altria Group Inc. | COM | 02209S103 | 1,812 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | CL A | 02665T306 | 94,628 | 4,322,885 | SH | SOLE | 3,120,099 | 0 | 1,202,786 | ||
| AmerisourceBergen Corp | COM | 03073E105 | 250,952 | 2,721,230 | SH | SOLE | 2,588,296 | 0 | 132,934 | ||
| Apple Inc | COM | 037833100 | 252,426 | 1,118,216 | SH | SOLE | 1,079,029 | 0 | 39,187 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 8,409 | 133,373 | SH | SOLE | 128,917 | 0 | 4,456 | ||
| Armstrong Flooring Inc. | COM | 04238R106 | 13,478 | 744,654 | SH | SOLE | 499,733 | 0 | 244,921 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 98,669 | 1,325,488 | SH | SOLE | 929,397 | 0 | 396,091 | ||
| Asbury Automotive Group Inc. | COM | 043436104 | 7,620 | 110,838 | SH | SOLE | 110,838 | 0 | 0 | ||
| AutoZone, Inc. | COM | 053332102 | 477,870 | 616,050 | SH | SOLE | 593,114 | 0 | 22,936 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 9,489 | 325,400 | SH | SOLE | 314,668 | 0 | 10,732 | ||
| Bank of Montreal | COM | 063671101 | 6,584 | 80,000 | SH | SOLE | 80,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 162,201 | 2,727,218 | SH | SOLE | 2,705,466 | 0 | 21,752 | ||
| BB&T Corp. | COM | 054937107 | 407,771 | 8,400,730 | SH | SOLE | 8,087,453 | 0 | 313,277 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 192,296 | 736,768 | SH | SOLE | 699,955 | 0 | 36,813 | ||
| Berkshire Hathaway Inc. | CL B NEW | 084670702 | 25,702 | 120,042 | SH | SOLE | 106,009 | 0 | 14,033 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 106,880 | 334 | SH | SOLE | 334 | 0 | 0 | ||
| BlackRock TCP Capital Corp. | COM ADDED | 09259E108 | 40,341 | 2,834,892 | SH | SOLE | 1,917,613 | 0 | 917,279 | ||
| Booz Allen Hamilton Holding Corp. | CL A | 099502106 | 64,124 | 1,292,047 | SH | SOLE | 1,292,047 | 0 | 0 | ||
| Brookfield Asset Management Inc. | CL A LTD VT SH | 112585104 | 130,908 | 2,947,646 | SH | SOLE | 2,947,646 | 0 | 0 | ||
| Brookfield Property Partners L.P. | UNIT LTD PARTN | G16249107 | 100,699 | 4,826,184 | SH | SOLE | 4,826,184 | 0 | 0 | ||
| Brown & Brown Inc. | COM | 115236101 | 77,256 | 2,612,660 | SH | SOLE | 1,816,114 | 0 | 796,546 | ||
| Canadian National Railway Co. | COM | 136375102 | 201,592 | 2,251,598 | SH | SOLE | 2,232,907 | 0 | 18,691 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 496 | 15,200 | SH | SOLE | 15,200 | 0 | 0 | ||
| Cannae Holdings Inc. | COM | 13765N107 | 3,825 | 182,600 | SH | SOLE | 182,600 | 0 | 0 | ||
| CBIZ Inc. | COM | 124805102 | 101,072 | 4,264,647 | SH | SOLE | 2,972,170 | 0 | 1,292,477 | ||
| CDW Corp. | COM | 12514G108 | 280 | 3,145 | SH | SOLE | 3,145 | 0 | 0 | ||
| Celestica Inc | SUB VTG SHS | 15101Q108 | 10,910 | 1,009,517 | SH | SOLE | 913,050 | 0 | 96,467 | ||
| Coca-Cola Femsa S.A.B. de C.V. | SPON ADR REP L | 191241108 | 38,459 | 628,006 | SH | SOLE | 628,006 | 0 | 0 | ||
| Colliers International Group Inc | SUB VTG SHS | 194693107 | 47,706 | 617,243 | SH | SOLE | 611,576 | 0 | 5,667 | ||
| Computer Programs and Systems Inc. | COM | 205306103 | 16,201 | 603,403 | SH | SOLE | 402,452 | 0 | 200,951 | ||
| Copart Inc. | COM | 217204106 | 10,939 | 212,291 | SH | SOLE | 205,368 | 0 | 6,923 | ||
| Deckers Outdoor Corp. | COM | 243537107 | 52,902 | 446,128 | SH | SOLE | 303,298 | 0 | 142,830 | ||
| Diageo PLC | SPON ADR NEW | 25243Q205 | 671 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Dine Brands Global Inc. | COM | 254423106 | 44,570 | 548,152 | SH | SOLE | 369,118 | 0 | 179,034 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 11,356 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Emerald Expositions Events Inc. | COM | 29103B100 | 9,917 | 601,777 | SH | SOLE | 444,921 | 0 | 156,856 | ||
| Enbridge Inc. | COM | 29250N105 | 225,147 | 6,992,623 | SH | SOLE | 6,935,320 | 0 | 57,303 | ||
| Expedia Inc. | COM NEW | 30212P303 | 34,094 | 261,298 | SH | SOLE | 175,968 | 0 | 85,330 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 240 | 3,262 | SH | SOLE | 3,262 | 0 | 0 | ||
| Extended Stay America Inc. | UNIT 99/99/9999B | 30224P200 | 60,716 | 3,001,277 | SH | SOLE | 2,145,633 | 0 | 855,644 | ||
| Federated Investors Inc. | CL B | 314211103 | 41,620 | 1,725,520 | SH | SOLE | 1,725,520 | 0 | 0 | ||
| Franklin Resources, Inc. | COM | 354613101 | 835 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Gartner Inc | COM | 366651107 | 62,593 | 394,906 | SH | SOLE | 280,116 | 0 | 114,790 | ||
| Generac Holdings Inc. | COM | 368736104 | 88,103 | 1,561,839 | SH | SOLE | 1,090,420 | 0 | 471,419 | ||
| General Electric Co. | COM | 369604103 | 2,258 | 200,000 | SH | SOLE | 200,000 | 0 | 0 | ||
| Gentex Corp. | COM | 371901109 | 219,504 | 10,228,518 | SH | SOLE | 8,468,736 | 0 | 1,759,782 | ||
| Graco Inc. | COM | 384109104 | 31,053 | 670,106 | SH | SOLE | 476,382 | 0 | 193,724 | ||
| Harris Corp. | COM | 413875105 | 149,487 | 883,442 | SH | SOLE | 839,654 | 0 | 43,788 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 41,404 | 5,914,826 | SH | SOLE | 4,254,673 | 0 | 1,660,153 | ||
| Houlihan Lokey, Inc. | CL A | 441593100 | 47,674 | 1,061,070 | SH | SOLE | 714,240 | 0 | 346,830 | ||
| Imperial Oil Ltd. | COM NEW | 453038408 | 9,782 | 302,923 | SH | SOLE | 301,823 | 0 | 1,100 | ||
| Invitation Homes Inc | COM | 46187W107 | 36,833 | 1,607,745 | SH | SOLE | 1,148,691 | 0 | 459,054 | ||
| Jacobs Engineering Group Inc. | COM | 469814107 | 16,152 | 211,141 | SH | SOLE | 49,856 | 0 | 161,285 | ||
| Jefferies Financial Group Inc. | COM | 47233W109 | 72,758 | 3,313,219 | SH | SOLE | 2,345,051 | 0 | 968,168 | ||
| Johnson & Johnson | COM | 478160104 | 438,142 | 3,171,039 | SH | SOLE | 3,056,994 | 0 | 114,045 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 2,203 | 19,522 | SH | SOLE | 19,522 | 0 | 0 | ||
| Kennametal Inc. | COM | 489170100 | 45,957 | 1,055,036 | SH | SOLE | 747,564 | 0 | 307,472 | ||
| Laboratory Corporation of America Holdings | COM NEW | 50540R409 | 12,177 | 70,114 | SH | SOLE | 67,820 | 0 | 2,294 | ||
| Main Street Capital Corp. | COM | 56035L104 | 63,837 | 1,658,092 | SH | SOLE | 1,143,093 | 0 | 514,999 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 74,947 | 419,893 | SH | SOLE | 298,752 | 0 | 121,141 | ||
| McDonald's Corp. | COM | 580135101 | 226,262 | 1,352,516 | SH | SOLE | 1,288,109 | 0 | 64,407 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 334 | 4,706 | SH | SOLE | 4,706 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 362,747 | 3,171,698 | SH | SOLE | 3,024,577 | 0 | 147,121 | ||
| MSC Industrial Direct Co Inc. | CL A | 553530106 | 10,257 | 116,416 | SH | SOLE | 116,416 | 0 | 0 | ||
| News Corp | CL A | 65249B109 | 14,599 | 1,106,842 | SH | SOLE | 1,076,950 | 0 | 29,892 | ||
| Northern Trust Corp. | COM | 665859104 | 229,331 | 2,245,477 | SH | SOLE | 2,134,158 | 0 | 111,319 | ||
| Nutrien Ltd. | COM | 67077M108 | 216,223 | 3,753,021 | SH | SOLE | 3,723,666 | 0 | 29,355 | ||
| Oaktree Capital Group LLC | UNIT CL A | 674001201 | 17,565 | 424,279 | SH | SOLE | 239,407 | 0 | 184,872 | ||
| Oracle Corp. | COM | 68389X105 | 380,015 | 7,370,350 | SH | SOLE | 7,109,971 | 0 | 260,379 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 90,803 | 1,916,088 | SH | SOLE | 1,382,921 | 0 | 533,167 | ||
| PepsiCo Inc. | COM | 713448108 | 261,974 | 2,343,237 | SH | SOLE | 2,261,060 | 0 | 82,177 | ||
| Philip Morris International Inc. | COM | 718172109 | 226,339 | 2,775,801 | SH | SOLE | 2,654,195 | 0 | 121,606 | ||
| PPG Industries Inc. | COM | 693506107 | 36,776 | 336,992 | SH | SOLE | 328,245 | 0 | 8,747 | ||
| Premier Inc. | CL A | 74051N102 | 20,988 | 458,447 | SH | SOLE | 445,832 | 0 | 12,615 | ||
| Primerica Inc. | COM | 74164M108 | 165,695 | 1,374,490 | SH | SOLE | 977,616 | 0 | 396,874 | ||
| RE/MAX Holdings Inc. | CL A | 75524W108 | 61,480 | 1,386,247 | SH | SOLE | 4,223,540 | 0 | 395,775 | ||
| Restaurant Brands International Inc. | COM | 76131D103 | 121,970 | 2,064,469 | SH | SOLE | 2,047,877 | 0 | 16,592 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 84,987 | 2,352,246 | SH | SOLE | 2,352,246 | 0 | 0 | ||
| Royal Bank of Canada | COM | 780087102 | 174,283 | 2,178,959 | SH | SOLE | 2,160,169 | 0 | 18,790 | ||
| Sabre Corp. | COM | 78573M104 | 473,152 | 18,142,317 | SH | SOLE | 17,451,090 | 0 | 691,227 | ||
| Sally Beauty Holdings Inc. | COM | 79546E104 | 73,995 | 4,023,645 | SH | SOLE | 2,910,867 | 0 | 1,112,778 | ||
| Shaw Communication Inc. | CL B CONV | 82028K200 | 124,373 | 6,396,511 | SH | SOLE | 6,343,984 | 0 | 52,527 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 146,016 | 2,569,340 | SH | SOLE | 1,841,505 | 0 | 727,835 | ||
| Strategic Education Inc. | COM ADDED | 86272C103 | 66,673 | 486,559 | SH | SOLE | 347,801 | 0 | 138,758 | ||
| Tempur Sealy Intly Inc. | COM | 88023U101 | 21,598 | 408,287 | SH | SOLE | 271,902 | 0 | 136,385 | ||
| Texas Instruments Incorporated | COM | 882508104 | 135,815 | 1,265,871 | SH | SOLE | 1,265,871 | 0 | 0 | ||
| The Kraft Heinz Co. | COM | 500754106 | 1,378 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| Toronto-Dominion Bank | COM NEW | 891160509 | 177,975 | 2,935,253 | SH | SOLE | 2,909,075 | 0 | 26,178 | ||
| Transcanada Corp. | COM | 89353D107 | 198,738 | 4,922,817 | SH | SOLE | 4,882,823 | 0 | 39,994 | ||
| Union Pacific Corp. | COM | 907818108 | 239,204 | 1,469,041 | SH | SOLE | 1,417,921 | 0 | 51,120 | ||
| United Fire Group Inc. | COM | 910340108 | 7,753 | 152,706 | SH | SOLE | 108,575 | 0 | 44,131 | ||
| United Technologies Corp. | COM | 913017109 | 473,340 | 3,385,594 | SH | SOLE | 3,254,468 | 0 | 131,126 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 20,940 | 988,673 | SH | SOLE | 681,971 | 0 | 306,702 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 516,241 | 7,081,495 | SH | SOLE | 6,822,114 | 0 | 259,381 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 33,587 | 35,889 | SH | SOLE | 26,530 | 0 | 9,359 | ||
| Wyndham Hotels & Resorts Inc. | COM | 98311A105 | 6,944 | 124,957 | SH | SOLE | 120,758 | 0 | 4,199 | ||