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 | 1,562 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 248,663 | 5,663,010 | SH | SOLE | 5,377,546 | 0 | 285,464 | ||
| Alphabet Inc. | CAP STK CL A | 02079K305 | 150,215 | 143,752 | SH | SOLE | 136,770 | 0 | 6,982 | ||
| Altria Group Inc. | COM | 02209S103 | 1,484 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | CL A | 02665T306 | 85,207 | 4,292,539 | SH | SOLE | 3,083,451 | 0 | 1,209,088 | ||
| Ameriprise Financial Inc. | COM | 03076C106 | 23,756 | 227,610 | SH | SOLE | 221,268 | 0 | 6,342 | ||
| AmerisourceBergen Corp | COM | 03073E105 | 203,273 | 2,732,166 | SH | SOLE | 2,596,823 | 0 | 135,343 | ||
| Apple Inc | COM | 037833100 | 198,818 | 1,260,416 | SH | SOLE | 1,213,523 | 0 | 46,893 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 9,003 | 133,867 | SH | SOLE | 129,411 | 0 | 4,456 | ||
| Armstrong Flooring Inc. | COM | 04238R106 | 8,867 | 748,913 | SH | SOLE | 502,685 | 0 | 246,228 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 97,962 | 1,329,195 | SH | SOLE | 931,014 | 0 | 398,181 | ||
| AutoZone, Inc. | COM | 053332102 | 373,258 | 445,235 | SH | SOLE | 428,833 | 0 | 16,402 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 7,676 | 327,745 | SH | SOLE | 317,013 | 0 | 10,732 | ||
| Bank of Montreal | COM | 063671101 | 6,865 | 105,000 | SH | SOLE | 105,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 135,053 | 2,707,422 | SH | SOLE | 2,685,598 | 0 | 21,824 | ||
| BB&T Corp. | COM | 054937107 | 367,879 | 8,492,130 | SH | SOLE | 8,175,163 | 0 | 316,967 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 158,755 | 704,574 | SH | SOLE | 669,015 | 0 | 35,559 | ||
| Berkshire Hathaway Inc. | CL B NEW | 084670702 | 21,974 | 107,620 | SH | SOLE | 93,680 | 0 | 13,940 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 102,204 | 334 | SH | SOLE | 334 | 0 | 0 | ||
| BlackRock TCP Capital Corp. | COM | 09259E108 | 36,072 | 2,766,245 | SH | SOLE | 1,844,073 | 0 | 922,172 | ||
| Booz Allen Hamilton Holding Corp. | CL A | 099502106 | 55,541 | 1,232,334 | SH | SOLE | 849,486 | 0 | 382,848 | ||
| Brookfield Asset Management Inc. | CL A LTD VT SH | 112585104 | 110,695 | 2,886,275 | SH | SOLE | 2,863,007 | 0 | 23,268 | ||
| Brookfield Property Partners L.P. | UNIT LTD PARTN | G16249107 | 96,461 | 5,976,056 | SH | SOLE | 5,925,332 | 0 | 50,724 | ||
| Brown & Brown Inc. | COM | 115236101 | 72,396 | 2,626,846 | SH | SOLE | 1,826,088 | 0 | 800,758 | ||
| Camco Investors Inc. | CL A COM | 361438104 | 1,564 | 92,619 | SH | SOLE | 92,619 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 162,101 | 2,187,101 | SH | SOLE | 2,168,848 | 0 | 18,253 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 367 | 15,200 | SH | SOLE | 15,200 | 0 | 0 | ||
| Cannae Holdings Inc. | COM | 13765N107 | 3,126 | 182,600 | SH | SOLE | 182,600 | 0 | 0 | ||
| CBIZ Inc. | COM | 124805102 | 73,848 | 3,748,653 | SH | SOLE | 2,516,602 | 0 | 1,232,051 | ||
| CDW Corp. | COM | 12514G108 | 286 | 3,531 | SH | SOLE | 3,531 | 0 | 0 | ||
| Cedar Fair L.P. | DEPOSITRY UNIT | 150185106 | 33,100 | 699,794 | SH | SOLE | 497,044 | 0 | 202,750 | ||
| Celestica Inc | SUB VTG SHS | 15101Q108 | 9,002 | 1,026,793 | SH | SOLE | 930,326 | 0 | 96,467 | ||
| Coca-Cola Femsa S.A.B. de C.V. | SPON ADR REP L | 191241108 | 38,824 | 638,126 | SH | SOLE | 638,126 | 0 | 0 | ||
| Colliers International Group Inc | SUB VTG SHS | 194693107 | 30,987 | 561,457 | SH | SOLE | 556,449 | 0 | 5,008 | ||
| Copart Inc. | COM | 217204106 | 10,206 | 213,601 | SH | SOLE | 206,678 | 0 | 6,923 | ||
| Diageo PLC | SPON ADR NEW | 25243Q205 | 672 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Dine Brands Global Inc. | COM | 254423106 | 19,360 | 287,500 | SH | SOLE | 194,157 | 0 | 93,343 | ||
| Eaton Vance Variable Rate Income Trust | VANCE | 278279104 | 9,847 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Emerald Expositions Events Inc. | COM | 29103B100 | 21,946 | 1,778,438 | SH | SOLE | 1,248,285 | 0 | 530,153 | ||
| Enbridge Inc. | COM | 29250N105 | 207,777 | 6,683,552 | SH | SOLE | 6,626,249 | 0 | 57,303 | ||
| Equifax Inc. | COM | 294429105 | 17,726 | 190,333 | SH | SOLE | 185,031 | 0 | 5,302 | ||
| Expedia Inc. | COM NEW | 30212P303 | 8,935 | 79,313 | SH | SOLE | 55,599 | 0 | 23,714 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 245 | 3,596 | SH | SOLE | 3,596 | 0 | 0 | ||
| Extended Stay America Inc. | UNIT 99/99/9999B | 30224P200 | 46,788 | 3,018,556 | SH | SOLE | 2,158,424 | 0 | 860,132 | ||
| Facebook Inc. | CL A | 30303M102 | 158,825 | 1,211,569 | SH | SOLE | 1,153,391 | 0 | 58,178 | ||
| Federated Investors Inc. | CL B | 314211103 | 46,136 | 1,737,697 | SH | SOLE | 1,209,293 | 0 | 528,404 | ||
| Franklin Resources, Inc. | RES INC | 354613101 | 815 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Gartner Inc | COM | 366651107 | 45,019 | 352,150 | SH | SOLE | 238,263 | 0 | 113,887 | ||
| Generac Holdings Inc. | COM | 368736104 | 78,093 | 1,571,290 | SH | SOLE | 1,097,391 | 0 | 473,899 | ||
| General Electric Co. | COM | 369604103 | 3,028 | 400,000 | SH | SOLE | 400,000 | 0 | 0 | ||
| Gentex Corp. | COM | 371901109 | 214,980 | 10,637,284 | SH | SOLE | 8,857,109 | 0 | 1,780,175 | ||
| Graco Inc. | COM | 384109104 | 28,229 | 674,525 | SH | SOLE | 479,782 | 0 | 194,743 | ||
| Harris Corp. | COM | 413875105 | 120,733 | 896,641 | SH | SOLE | 852,233 | 0 | 44,408 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 52,165 | 5,887,742 | SH | SOLE | 4,218,927 | 0 | 1,668,815 | ||
| Houlihan Lokey, Inc. | CL A | 441593100 | 39,288 | 1,067,600 | SH | SOLE | 718,920 | 0 | 348,680 | ||
| Imperial Oil Ltd. | COM NEW | 453038408 | 7,455 | 294,016 | SH | SOLE | 292,916 | 0 | 1,100 | ||
| Invitation Homes Inc | COM | 46187W107 | 32,472 | 1,617,115 | SH | SOLE | 1,155,657 | 0 | 461,458 | ||
| Ishares TR | MSCI EAFE ETF | 464287465 | 3,782 | 64,340 | SH | SOLE | 64,340 | 0 | 0 | ||
| Jacobs Engineering Group Inc. | COM | 469814107 | 12,408 | 212,240 | SH | SOLE | 50,099 | 0 | 162,141 | ||
| Jefferies Financial Group Inc. | COM | 47233W109 | 79,766 | 4,594,789 | SH | SOLE | 3,258,874 | 0 | 1,335,915 | ||
| Johnson & Johnson | COM | 478160104 | 375,756 | 2,911,710 | SH | SOLE | 2,809,186 | 0 | 102,524 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 1,906 | 19,522 | SH | SOLE | 19,522 | 0 | 0 | ||
| Kennametal Inc. | COM | 489170100 | 57,238 | 1,719,892 | SH | SOLE | 1,198,666 | 0 | 521,226 | ||
| Laboratory Corporation of America Holdings | COM NEW | 50540R409 | 9,499 | 75,171 | SH | SOLE | 72,719 | 0 | 2,452 | ||
| LGI Homes Inc. | COM | 50187T106 | 10,808 | 239,009 | SH | SOLE | 158,629 | 0 | 80,380 | ||
| Main Street Capital Corp. | COM | 56035L104 | 55,163 | 1,631,562 | SH | SOLE | 1,115,104 | 0 | 516,458 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 67,943 | 321,531 | SH | SOLE | 227,934 | 0 | 93,597 | ||
| McDonald's Corp. | COM | 580135101 | 150,379 | 846,873 | SH | SOLE | 806,671 | 0 | 40,202 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 315 | 4,118 | SH | SOLE | 4,118 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 315,802 | 3,109,203 | SH | SOLE | 2,962,616 | 0 | 146,587 | ||
| MSC Industrial Direct Co Inc. | CL A | 553530106 | 8,994 | 116,932 | SH | SOLE | 37,804 | 0 | 79,128 | ||
| News Corp | CL A | 65249B109 | 89,000 | 7,841,440 | SH | SOLE | 7,457,987 | 0 | 383,453 | ||
| Northern Trust Corp. | COM | 665859104 | 205,491 | 2,458,321 | SH | SOLE | 2,335,780 | 0 | 122,541 | ||
| Nutrien Ltd. | COM | 67077M108 | 171,379 | 3,646,210 | SH | SOLE | 3,617,070 | 0 | 29,140 | ||
| Oaktree Capital Group LLC | UNIT CL A | 674001201 | 21,859 | 549,910 | SH | SOLE | 240,875 | 0 | 309,035 | ||
| Oracle Corp. | COM | 68389X105 | 329,216 | 7,291,605 | SH | SOLE | 7,031,350 | 0 | 260,255 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 81,998 | 2,033,683 | SH | SOLE | 1,466,659 | 0 | 567,024 | ||
| PepsiCo Inc. | COM | 713448108 | 256,342 | 2,320,259 | SH | SOLE | 2,238,115 | 0 | 82,144 | ||
| Philip Morris International Inc. | COM | 718172109 | 114,564 | 1,716,064 | SH | SOLE | 1,630,499 | 0 | 85,565 | ||
| Premier Inc. | CL A | 74051N102 | 17,194 | 460,338 | SH | SOLE | 447,723 | 0 | 12,615 | ||
| Primerica Inc. | INC | 74164M108 | 126,743 | 1,297,135 | SH | SOLE | 918,386 | 0 | 378,749 | ||
| RE/MAX Holdings Inc. | CL A | 75524W108 | 51,024 | 1,659,329 | SH | SOLE | 1,183,844 | 0 | 475,485 | ||
| Restaurant Brands International Inc. | COM | 76131D103 | 167,761 | 3,208,919 | SH | SOLE | 3,182,320 | 0 | 26,599 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 45,013 | 1,375,706 | SH | SOLE | 1,365,558 | 0 | 10,148 | ||
| Royal Bank of Canada | COM | 780087102 | 146,130 | 2,133,460 | SH | SOLE | 2,114,825 | 0 | 18,635 | ||
| Sabre Corp. | COM | 78573M104 | 395,621 | 18,281,918 | SH | SOLE | 17,575,994 | 0 | 705,924 | ||
| Sally Beauty Holdings Inc. | COM | 79546E104 | 60,352 | 3,539,695 | SH | SOLE | 2,570,395 | 0 | 969,300 | ||
| Shaw Communication Inc. | CL B CONV | 82028K200 | 112,749 | 6,224,713 | SH | SOLE | 6,172,492 | 0 | 52,221 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 120,967 | 2,681,600 | SH | SOLE | 1,921,735 | 0 | 759,865 | ||
| Strategic Education Inc. | COM | 86272C103 | 59,789 | 527,147 | SH | SOLE | 376,762 | 0 | 150,385 | ||
| Tech Data Corp. | COM | 878237106 | 44,153 | 539,703 | SH | SOLE | 385,146 | 0 | 154,557 | ||
| Tempur Sealy Intly Inc. | COM | 88023U101 | 16,999 | 410,608 | SH | SOLE | 273,496 | 0 | 137,112 | ||
| Texas Instruments Incorporated | COM | 882508104 | 143,635 | 1,519,946 | SH | SOLE | 1,446,435 | 0 | 73,511 | ||
| The Kraft Heinz Co. | COM | 500754106 | 1,076 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| Toronto-Dominion Bank | COM NEW | 891160509 | 142,127 | 2,857,197 | SH | SOLE | 2,831,833 | 0 | 25,364 | ||
| Transcanada Corp. | COM | 89353D107 | 183,454 | 5,133,696 | SH | SOLE | 5,090,990 | 0 | 42,706 | ||
| Union Pacific Corp. | COM | 907818108 | 88,659 | 641,391 | SH | SOLE | 610,536 | 0 | 30,855 | ||
| United Fire Group Inc. | COM | 910340108 | 8,513 | 153,523 | SH | SOLE | 109,161 | 0 | 44,362 | ||
| United Technologies Corp. | COM | 913017109 | 358,886 | 3,370,450 | SH | SOLE | 3,238,673 | 0 | 131,777 | ||
| Valvoline Inc. | COM | 92047W101 | 8,026 | 414,805 | SH | SOLE | 293,474 | 0 | 121,331 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 27,469 | 1,519,303 | SH | SOLE | 1,044,648 | 0 | 474,655 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 480,884 | 7,037,664 | SH | SOLE | 6,777,087 | 0 | 260,577 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 31,147 | 36,315 | SH | SOLE | 26,908 | 0 | 9,407 | ||
| Wyndham Destiinations Inc. | COM | 98310W108 | 3,201 | 89,301 | SH | SOLE | 63,067 | 0 | 26,234 | ||
| Wyndham Hotels & Resorts Inc. | COM | 98311A105 | 7,772 | 171,292 | SH | SOLE | 165,585 | 0 | 5,707 | ||