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 | 1,704 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 258,888 | 5,763,309 | SH | SOLE | 5,453,026 | 0 | 310,283 | ||
| Alphabet Inc. | CAP STK CL A | 02079K305 | 171,413 | 145,649 | SH | SOLE | 138,111 | 0 | 7,538 | ||
| Altria Group Inc. | COM | 02209S103 | 1,726 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | CL A | 02665T306 | 86,815 | 3,821,102 | SH | SOLE | 2,611,909 | 0 | 1,209,193 | ||
| Ameriprise Financial Inc. | COM | 03076C106 | 28,784 | 224,697 | SH | SOLE | 218,439 | 0 | 6,258 | ||
| AmerisourceBergen Corp | COM | 03073E105 | 183,105 | 2,302,629 | SH | SOLE | 2,183,338 | 0 | 119,291 | ||
| Apple Inc | COM | 037833100 | 240,755 | 1,267,465 | SH | SOLE | 1,220,309 | 0 | 47,156 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 9,737 | 137,804 | SH | SOLE | 133,348 | 0 | 4,456 | ||
| Armstrong Flooring Inc. | COM | 04238R106 | 9,004 | 662,083 | SH | SOLE | 415,329 | 0 | 246,754 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 92,897 | 1,189,457 | SH | SOLE | 790,434 | 0 | 399,023 | ||
| AutoZone, Inc. | COM | 053332102 | 234,202 | 228,686 | SH | SOLE | 219,783 | 0 | 8,903 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 8,471 | 336,007 | SH | SOLE | 325,275 | 0 | 10,732 | ||
| Bank of Montreal | COM | 063671101 | 7,857 | 105,000 | SH | SOLE | 105,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 134,862 | 2,533,239 | SH | SOLE | 2,513,140 | 0 | 20,099 | ||
| BB&T Corp. | COM | 054937107 | 411,480 | 8,843,327 | SH | SOLE | 8,499,299 | 0 | 344,028 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 178,088 | 713,123 | SH | SOLE | 674,515 | 0 | 38,608 | ||
| Berkshire Hathaway Inc. | CL B NEW | 084670702 | 21,396 | 106,505 | SH | SOLE | 92,747 | 0 | 13,758 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 99,702 | 331 | SH | SOLE | 331 | 0 | 0 | ||
| BlackRock TCP Capital Corp. | COM | 09259E108 | 35,170 | 2,480,253 | SH | SOLE | 1,556,109 | 0 | 924,144 | ||
| Booz Allen Hamilton Holding Corp. | CL A | 099502106 | 62,982 | 1,083,285 | SH | SOLE | 700,043 | 0 | 383,242 | ||
| Brookfield Asset Management Inc. | CL A LTD VT SH | 112585104 | 141,581 | 3,038,771 | SH | SOLE | 3,014,878 | 0 | 23,893 | ||
| Brookfield Property Partners L.P. | UNIT LTD PARTN | G16249107 | 114,109 | 5,546,839 | SH | SOLE | 5,500,297 | 0 | 46,542 | ||
| Brown & Brown Inc. | COM | 115236101 | 69,317 | 2,348,916 | SH | SOLE | 1,546,461 | 0 | 802,455 | ||
| Camco Investors Inc. | CL A COM | 361438104 | 1,899 | 92,619 | SH | SOLE | 92,619 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 178,528 | 1,994,190 | SH | SOLE | 1,977,463 | 0 | 16,727 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 417 | 15,200 | SH | SOLE | 15,200 | 0 | 0 | ||
| Cannae Holdings Inc. | COM | 13765N107 | 4,430 | 182,600 | SH | SOLE | 182,600 | 0 | 0 | ||
| CBIZ Inc. | COM | 124805102 | 66,988 | 3,309,669 | SH | SOLE | 2,075,757 | 0 | 1,233,912 | ||
| CDW Corp. | COM | 12514G108 | 340 | 3,531 | SH | SOLE | 3,531 | 0 | 0 | ||
| Cedar Fair L.P. | DEPOSITRY UNIT | 150185106 | 48,704 | 925,574 | SH | SOLE | 627,478 | 0 | 298,096 | ||
| Celestica Inc | SUB VTG SHS | 15101Q108 | 8,668 | 1,025,946 | SH | SOLE | 929,479 | 0 | 96,467 | ||
| Coca-Cola Femsa S.A.B. de C.V. | SPON ADR REP L | 191241108 | 42,302 | 640,938 | SH | SOLE | 640,938 | 0 | 0 | ||
| Colliers International Group Inc | SUB VTG SHS | 194693107 | 22,564 | 337,760 | SH | SOLE | 334,439 | 0 | 3,321 | ||
| Copart Inc. | COM | 217204106 | 13,284 | 219,252 | SH | SOLE | 212,329 | 0 | 6,923 | ||
| Diageo PLC | SPON ADR NEW | 25243Q205 | 775 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 10,259 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Emerald Expositions Events Inc. | COM | 29103B100 | 20,521 | 1,615,801 | SH | SOLE | 1,084,522 | 0 | 531,279 | ||
| Enbridge Inc. | COM | 29250N105 | 205,395 | 5,670,825 | SH | SOLE | 5,624,228 | 0 | 46,597 | ||
| Equifax Inc. | COM | 294429105 | 5,723 | 48,298 | SH | SOLE | 46,945 | 0 | 1,353 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 273 | 3,596 | SH | SOLE | 3,596 | 0 | 0 | ||
| Extended Stay America Inc. | UNIT 99/99/9999B | 30224P200 | 48,805 | 2,718,968 | SH | SOLE | 1,857,028 | 0 | 861,940 | ||
| Facebook Inc. | CL A | 30303M102 | 204,359 | 1,225,982 | SH | SOLE | 1,163,211 | 0 | 62,771 | ||
| Federated Investors Inc. | CL B | 314211103 | 49,639 | 1,693,578 | SH | SOLE | 1,159,818 | 0 | 533,760 | ||
| Franklin Resources, Inc. | COM | 354613101 | 910 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Gartner Inc | COM | 366651107 | 47,494 | 313,122 | SH | SOLE | 198,992 | 0 | 114,130 | ||
| Generac Holdings Inc. | COM | 368736104 | 72,867 | 1,422,350 | SH | SOLE | 947,454 | 0 | 474,896 | ||
| General Electric Co. | COM | 369604103 | 3,996 | 400,000 | SH | SOLE | 400,000 | 0 | 0 | ||
| Gentex Corp. | COM | 371901109 | 205,634 | 9,943,641 | SH | SOLE | 8,157,756 | 0 | 1,785,885 | ||
| Graco Inc. | COM | 384109104 | 30,069 | 607,204 | SH | SOLE | 412,049 | 0 | 195,155 | ||
| Grand Canyon Education Inc. | COM | 38526M106 | 3,463 | 30,244 | SH | SOLE | 29,258 | 0 | 986 | ||
| Harris Corp. | COM | 413875105 | 144,278 | 903,374 | SH | SOLE | 855,464 | 0 | 47,910 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 43,443 | 5,975,659 | SH | SOLE | 4,103,857 | 0 | 1,871,802 | ||
| Houlihan Lokey, Inc. | CL A | 441593100 | 43,333 | 945,094 | SH | SOLE | 595,669 | 0 | 349,425 | ||
| Imperial Oil Ltd. | COM NEW | 453038408 | 10,182 | 372,984 | SH | SOLE | 371,579 | 0 | 1,405 | ||
| Invitation Homes Inc | COM | 46187W107 | 35,659 | 1,465,651 | SH | SOLE | 1,003,222 | 0 | 462,429 | ||
| Jacobs Engineering Group Inc. | COM | 469814107 | 16,083 | 213,898 | SH | SOLE | 51,425 | 0 | 162,473 | ||
| Jefferies Financial Group Inc. | COM | 47233W109 | 78,200 | 4,161,764 | SH | SOLE | 2,823,043 | 0 | 1,338,721 | ||
| Johnson & Johnson | COM | 478160104 | 416,108 | 2,976,664 | SH | SOLE | 2,865,916 | 0 | 110,748 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 1,976 | 19,522 | SH | SOLE | 19,522 | 0 | 0 | ||
| Kennametal Inc. | COM | 489170100 | 56,519 | 1,537,929 | SH | SOLE | 1,015,601 | 0 | 522,328 | ||
| Laboratory Corporation of America Holdings | COM NEW | 50540R409 | 11,816 | 77,236 | SH | SOLE | 74,784 | 0 | 2,452 | ||
| Main Street Capital Corp. | COM | 56035L104 | 54,025 | 1,452,290 | SH | SOLE | 934,732 | 0 | 517,558 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 67,261 | 273,330 | SH | SOLE | 180,102 | 0 | 93,228 | ||
| Marriott Vacations Worldwide Corp. | COM | 57164Y107 | 12,368 | 132,279 | SH | SOLE | 89,249 | 0 | 43,030 | ||
| McDonald's Corp. | COM | 580135101 | 108,056 | 569,015 | SH | SOLE | 541,919 | 0 | 27,096 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 332 | 3,988 | SH | SOLE | 3,988 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 369,166 | 3,130,117 | SH | SOLE | 2,971,762 | 0 | 158,355 | ||
| MSC Industrial Direct Co Inc. | CL A | 553530106 | 9,774 | 118,175 | SH | SOLE | 38,886 | 0 | 79,289 | ||
| News Corp | CL A | 65249B109 | 98,716 | 7,935,372 | SH | SOLE | 7,519,485 | 0 | 415,887 | ||
| Northern Trust Corp. | COM | 665859104 | 225,503 | 2,494,226 | SH | SOLE | 2,361,470 | 0 | 132,756 | ||
| Nutrien Ltd. | COM | 67077M108 | 179,051 | 3,394,778 | SH | SOLE | 3,367,842 | 0 | 26,936 | ||
| Oaktree Capital Group LLC | UNIT CL A | 674001201 | 27,651 | 556,913 | SH | SOLE | 247,255 | 0 | 309,658 | ||
| Oracle Corp. | COM | 68389X105 | 334,308 | 6,224,314 | SH | SOLE | 5,987,307 | 0 | 237,007 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 90,282 | 2,021,990 | SH | SOLE | 1,451,559 | 0 | 570,431 | ||
| PepsiCo Inc. | COM | 713448108 | 285,774 | 2,331,900 | SH | SOLE | 2,243,251 | 0 | 88,649 | ||
| Philip Morris International Inc. | COM | 718172109 | 102,949 | 1,164,712 | SH | SOLE | 1,103,003 | 0 | 61,709 | ||
| Premier Inc. | CL A | 74051N102 | 16,229 | 470,534 | SH | SOLE | 457,919 | 0 | 12,615 | ||
| Primerica Inc. | COM | 74164M108 | 140,920 | 1,153,662 | SH | SOLE | 774,826 | 0 | 378,836 | ||
| RE/MAX Holdings Inc. | CL A | 75524W108 | 57,673 | 1,496,446 | SH | SOLE | 1,020,961 | 0 | 475,485 | ||
| Restaurant Brands International Inc. | COM | 76131D103 | 191,692 | 2,946,359 | SH | SOLE | 2,921,963 | 0 | 24,396 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 1,009 | 29,691 | SH | SOLE | 29,691 | 0 | 0 | ||
| Royal Bank of Canada | COM | 780087102 | 150,345 | 1,992,704 | SH | SOLE | 1,975,619 | 0 | 17,085 | ||
| Sabre Corp. | COM | 78573M104 | 404,539 | 18,912,547 | SH | SOLE | 18,144,613 | 0 | 767,934 | ||
| Sally Beauty Holdings Inc. | COM | 79546e104 | 58,998 | 3,204,664 | SH | SOLE | 2,233,329 | 0 | 971,335 | ||
| Shaw Communication Inc. | CL B CONV | 82028K200 | 119,826 | 5,757,716 | SH | SOLE | 5,709,133 | 0 | 48,583 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 154,528 | 2,426,255 | SH | SOLE | 1,664,794 | 0 | 761,461 | ||
| Strategic Education Inc. | COM | 86272C103 | 62,785 | 478,147 | SH | SOLE | 327,447 | 0 | 150,700 | ||
| Tech Data Corp. | COM | 878237106 | 50,146 | 489,658 | SH | SOLE | 334,777 | 0 | 154,881 | ||
| Texas Instruments Incorporated | COM | 882508104 | 163,060 | 1,537,283 | SH | SOLE | 1,457,705 | 0 | 79,578 | ||
| The Kraft Heinz Co. | COM | 500754106 | 816 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| Toronto-Dominion Bank | COM NEW | 891160509 | 144,400 | 2,660,783 | SH | SOLE | 2,637,449 | 0 | 23,334 | ||
| Transcanada Corp. | COM | 89353D107 | 204,955 | 4,563,131 | SH | SOLE | 4,525,532 | 0 | 37,599 | ||
| Union Pacific Corp. | COM | 907818108 | 77,091 | 461,070 | SH | SOLE | 437,094 | 0 | 23,976 | ||
| United Fire Group Inc. | COM | 910340108 | 6,081 | 139,113 | SH | SOLE | 94,658 | 0 | 44,455 | ||
| United Technologies Corp. | COM | 913017109 | 461,578 | 3,581,176 | SH | SOLE | 3,437,574 | 0 | 143,602 | ||
| Valvoline Inc. | COM | 92047W101 | 7,142 | 384,784 | SH | SOLE | 263,198 | 0 | 121,586 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 24,006 | 1,388,411 | SH | SOLE | 912,764 | 0 | 475,647 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 449,032 | 7,097,074 | SH | SOLE | 6,816,744 | 0 | 280,330 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 27,249 | 29,443 | SH | SOLE | 20,140 | 0 | 9,303 | ||
| Wyndham Destiinations Inc. | COM | 98310W108 | 14,249 | 351,913 | SH | SOLE | 232,297 | 0 | 119,616 | ||
| Wyndham Hotels & Resorts Inc. | COM | 98311A105 | 8,748 | 174,997 | SH | SOLE | 169,290 | 0 | 5,707 | ||