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 | 1,348 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 277,339 | 5,894,568 | SH | SOLE | 5,578,742 | 0 | 315,826 | ||
| Alphabet Inc. | CAP STK CL A | 02079K305 | 374,675 | 306,824 | SH | SOLE | 294,581 | 0 | 12,243 | ||
| Altria Group Inc. | COM | 02209S103 | 1,229 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | CL A | 02665T306 | 100,831 | 3,894,577 | SH | SOLE | 2,670,365 | 0 | 1,224,212 | ||
| AmerisourceBergen Corp | COM | 03073E105 | 198,726 | 2,413,774 | SH | SOLE | 2,287,896 | 0 | 125,878 | ||
| Apple Inc | COM | 037833100 | 189,404 | 845,669 | SH | SOLE | 812,630 | 0 | 33,039 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 10,963 | 156,075 | SH | SOLE | 151,619 | 0 | 4,456 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 108,201 | 1,208,008 | SH | SOLE | 804,001 | 0 | 404,007 | ||
| Autodesk Inc. | COM | 052769106 | 4,134 | 27,989 | SH | SOLE | 27,216 | 0 | 773 | ||
| AutoZone, Inc. | COM | 053332102 | 156,117 | 143,937 | SH | SOLE | 138,562 | 0 | 5,375 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 5,723 | 189,805 | SH | SOLE | 184,411 | 0 | 5,394 | ||
| Bank of Montreal | COM | 063671101 | 7,737 | 105,000 | SH | SOLE | 105,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 138,731 | 2,441,474 | SH | SOLE | 2,421,506 | 0 | 19,968 | ||
| BB&T Corp. | COM | 054937107 | 465,750 | 8,726,811 | SH | SOLE | 8,389,247 | 0 | 337,564 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 184,292 | 728,542 | SH | SOLE | 689,214 | 0 | 39,328 | ||
| Berkshire Hathaway Inc. | CL B NEW | 084670702 | 77,992 | 374,927 | SH | SOLE | 351,051 | 0 | 23,876 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 103,216 | 331 | SH | SOLE | 331 | 0 | 0 | ||
| BlackRock TCP Capital Corp. | COM | 09259e108 | 33,549 | 2,475,017 | SH | SOLE | 1,539,210 | 0 | 935,807 | ||
| Booking Holdings Inc. | COM | 09857L108 | 104,699 | 53,347 | SH | SOLE | 50,538 | 0 | 2,809 | ||
| Booz Allen Hamilton Holding Corp. | CL A | 099502106 | 40,568 | 571,219 | SH | SOLE | 375,930 | 0 | 195,289 | ||
| Brookfield Asset Management Inc. | CL A LTD VT SH | 112585104 | 149,437 | 2,813,045 | SH | SOLE | 2,789,767 | 0 | 23,278 | ||
| Brookfield Property Partners L.P. | UNIT LTD PARTN | G16249107 | 103,171 | 5,081,035 | SH | SOLE | 5,035,671 | 0 | 45,364 | ||
| Brown & Brown Inc. | COM | 115236101 | 85,529 | 2,371,842 | SH | SOLE | 1,559,348 | 0 | 812,494 | ||
| Camco Investors Inc. | CL A COM | 361438104 | 1,811 | 92,619 | SH | SOLE | 92,619 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 168,161 | 1,872,008 | SH | SOLE | 1,855,677 | 0 | 16,331 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 405 | 15,200 | SH | SOLE | 15,200 | 0 | 0 | ||
| CBIZ Inc. | COM | 124805102 | 59,339 | 2,525,053 | SH | SOLE | 1,581,213 | 0 | 943,840 | ||
| CDW Corp. | COM | 12514G108 | 435 | 3,531 | SH | SOLE | 3,531 | 0 | 0 | ||
| Cedar Fair L.P. | DEPOSITRY UNIT | 150185106 | 57,785 | 990,145 | SH | SOLE | 668,820 | 0 | 321,325 | ||
| Coca-Cola Femsa S.A.B. de C.V. | SPONSORD ADR REP | 191241108 | 25,333 | 417,892 | SH | SOLE | 417,892 | 0 | 0 | ||
| Copart Inc. | COM | 217204106 | 17,317 | 215,577 | SH | SOLE | 209,546 | 0 | 6,031 | ||
| Diageo PLC | SPON ADR NEW | 25243Q205 | 774 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 10,282 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Emerald Expositions Events Inc. | COM | 29103B100 | 18,198 | 1,870,291 | SH | SOLE | 1,111,806 | 0 | 758,485 | ||
| Enbridge Inc. | COM | 29250N105 | 187,127 | 5,329,259 | SH | SOLE | 5,283,922 | 0 | 45,337 | ||
| Equifax Inc. | COM | 294429105 | 6,790 | 48,272 | SH | SOLE | 46,931 | 0 | 1,341 | ||
| Equity Commonwealth | COM SH BEN INT | 294628102 | 25,033 | 730,876 | SH | SOLE | 241,133 | 0 | 489,743 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 267 | 3,596 | SH | SOLE | 3,596 | 0 | 0 | ||
| Extended Stay America Inc. | UNIT 99/99/9999B | 30224P200 | 43,447 | 2,967,695 | SH | SOLE | 2,018,082 | 0 | 949,613 | ||
| Facebook Inc. | CL A | 30303M102 | 223,497 | 1,255,036 | SH | SOLE | 1,190,497 | 0 | 64,539 | ||
| Federated Investors Inc. | CL B | 314211103 | 33,346 | 1,028,867 | SH | SOLE | 714,416 | 0 | 314,451 | ||
| First American Financial Corp. | COM | 31847R102 | 317 | 5,375 | SH | SOLE | 5,224 | 0 | 151 | ||
| Franklin Resources, Inc. | COM | 354613101 | 793 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Gartner Inc | COM | 366651107 | 44,813 | 313,401 | SH | SOLE | 197,834 | 0 | 115,567 | ||
| Generac Holdings Inc. | COM | 368736104 | 113,337 | 1,446,735 | SH | SOLE | 965,925 | 0 | 480,810 | ||
| General Electric Co. | COM | 369604103 | 3,576 | 400,000 | SH | SOLE | 400,000 | 0 | 0 | ||
| Gentex Corp. | COM | 371901109 | 207,570 | 7,538,396 | SH | SOLE | 5,846,063 | 0 | 1,692,333 | ||
| Graco Inc. | COM | 384109104 | 31,213 | 677,961 | SH | SOLE | 456,227 | 0 | 221,734 | ||
| Grand Canyon Education Inc. | COM | 38526M106 | 8,227 | 83,773 | SH | SOLE | 33,267 | 0 | 50,506 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 39,448 | 7,401,174 | SH | SOLE | 5,092,527 | 0 | 2,308,647 | ||
| Houlihan Lokey, Inc. | CL A | 441593100 | 42,536 | 943,149 | SH | SOLE | 589,313 | 0 | 353,836 | ||
| Imperial Oil Ltd. | COM NEW | 453038408 | 8,433 | 323,700 | SH | SOLE | 322,305 | 0 | 1,395 | ||
| Invitation Homes Inc | COM | 46187W107 | 44,392 | 1,499,236 | SH | SOLE | 1,031,082 | 0 | 468,154 | ||
| ISHARES CORE S&P SMALL-CAP ETF | CORE S&P SCP ETF | 464287804 | 6,250 | 80,293 | SH | SOLE | 80,293 | 0 | 0 | ||
| Jefferies Financial Group Inc. | COM | 47233W109 | 86,472 | 4,699,567 | SH | SOLE | 3,167,265 | 0 | 1,532,302 | ||
| Johnson & Johnson | COM | 478160104 | 338,993 | 2,620,134 | SH | SOLE | 2,527,249 | 0 | 92,885 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 2,298 | 19,522 | SH | SOLE | 19,522 | 0 | 0 | ||
| Kennametal Inc. | COM | 489170100 | 51,883 | 1,687,808 | SH | SOLE | 1,108,413 | 0 | 579,395 | ||
| L3 Harris Technologies Inc. | COM | 502431109 | 150,524 | 721,452 | SH | SOLE | 681,953 | 0 | 39,499 | ||
| Laboratory Corporation of America Holdings | COM NEW | 50540R409 | 14,570 | 86,726 | SH | SOLE | 84,274 | 0 | 2,452 | ||
| Main Street Capital Corp. | COM | 56035L104 | 65,688 | 1,520,214 | SH | SOLE | 971,739 | 0 | 548,475 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 18,842 | 57,532 | SH | SOLE | 43,217 | 0 | 14,315 | ||
| Marriott Vacations Worldwide Corp. | COM | 57164Y107 | 16,794 | 162,093 | SH | SOLE | 107,598 | 0 | 54,495 | ||
| McDonald's Corp. | COM | 580135101 | 124,199 | 578,450 | SH | SOLE | 550,880 | 0 | 27,570 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 315 | 3,737 | SH | SOLE | 3,737 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 442,270 | 3,181,113 | SH | SOLE | 3,019,570 | 0 | 161,543 | ||
| MSC Industrial Direct Co Inc. | CL A | 553530106 | 10,569 | 145,716 | SH | SOLE | 44,225 | 0 | 101,491 | ||
| News Corp | CL A | 65249B109 | 142,612 | 10,245,149 | SH | SOLE | 9,703,963 | 0 | 541,186 | ||
| Northern Trust Corp. | COM | 665859104 | 246,956 | 2,646,340 | SH | SOLE | 2,507,773 | 0 | 138,567 | ||
| Nutrien Ltd. | COM | 67077M108 | 160,999 | 3,230,457 | SH | SOLE | 3,204,184 | 0 | 26,273 | ||
| Oracle Corp. | COM | 68389X105 | 268,849 | 4,885,499 | SH | SOLE | 4,709,933 | 0 | 175,566 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 104,920 | 2,219,117 | SH | SOLE | 1,483,450 | 0 | 735,667 | ||
| PepsiCo Inc. | COM | 713448108 | 310,304 | 2,263,340 | SH | SOLE | 2,177,175 | 0 | 86,165 | ||
| Philip Morris International Inc. | COM | 718172109 | 1,522 | 20,048 | SH | SOLE | 20,048 | 0 | 0 | ||
| Premier Inc. | CL A | 74051N102 | 15,093 | 521,893 | SH | SOLE | 509,278 | 0 | 12,615 | ||
| Primerica Inc. | COM | 74164M108 | 137,322 | 1,079,322 | SH | SOLE | 701,075 | 0 | 378,247 | ||
| Qurate Retail Inc. | COM SER A | 74915M100 | 23,445 | 2,272,886 | SH | SOLE | 844,589 | 0 | 1,428,297 | ||
| RE/MAX Holdings Inc. | CL A | 75524W108 | 53,474 | 1,662,755 | SH | SOLE | 1,133,983 | 0 | 528,772 | ||
| Restaurant Brands International Inc. | COM | 76131D103 | 87,061 | 1,223,932 | SH | SOLE | 1,212,674 | 0 | 11,258 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 1,185 | 29,691 | SH | SOLE | 29,691 | 0 | 0 | ||
| Royal Bank of Canada | COM | 780087102 | 152,512 | 1,879,315 | SH | SOLE | 1,862,664 | 0 | 16,651 | ||
| Sabre Corp. | COM | 78573M104 | 423,692 | 18,919,044 | SH | SOLE | 18,167,714 | 0 | 751,330 | ||
| Sally Beauty Holdings Inc. | COM | 79546e104 | 27,621 | 1,855,002 | SH | SOLE | 1,843,855 | 0 | 11,147 | ||
| Shaw Communication Inc. | CL B CONV | 82028K200 | 105,497 | 5,367,225 | SH | SOLE | 5,319,743 | 0 | 47,482 | ||
| Simpson Manufacturing Co Inc. | COM | 829073105 | 46,790 | 674,501 | SH | SOLE | 375,222 | 0 | 299,279 | ||
| Spectrum Brands Holdings Inc. | COM | 84790A105 | 6,203 | 117,664 | SH | SOLE | 79,357 | 0 | 38,307 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 223,134 | 4,326,825 | SH | SOLE | 3,483,832 | 0 | 842,993 | ||
| Stantec Inc. | COM | 85472N109 | 115,726 | 5,226,994 | SH | SOLE | 5,182,378 | 0 | 44,616 | ||
| Strategic Education Inc. | COM | 86272C103 | 69,309 | 510,074 | SH | SOLE | 349,184 | 0 | 160,890 | ||
| TC Energy Corp. | COM | 87807B107 | 223,911 | 4,322,507 | SH | SOLE | 4,285,847 | 0 | 36,660 | ||
| Tech Data Corp. | COM | 878237106 | 52,076 | 499,579 | SH | SOLE | 342,778 | 0 | 156,801 | ||
| Texas Instruments Incorporated | COM | 882508104 | 107,492 | 831,724 | SH | SOLE | 788,447 | 0 | 43,277 | ||
| The Kraft Heinz Co. | COM | 500754106 | 698 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| Toronto-Dominion Bank | COM NEW | 891160509 | 147,690 | 2,531,836 | SH | SOLE | 2,509,064 | 0 | 22,772 | ||
| Union Pacific Corp. | COM | 907818108 | 75,761 | 467,718 | SH | SOLE | 443,486 | 0 | 24,232 | ||
| United Fire Group Inc. | COM | 910340108 | 6,665 | 141,875 | SH | SOLE | 96,868 | 0 | 45,007 | ||
| United Technologies Corp. | COM | 913017109 | 477,341 | 3,496,495 | SH | SOLE | 3,353,694 | 0 | 142,801 | ||
| Valvoline Inc. | COM | 92047W101 | 230 | 10,438 | SH | SOLE | 10,438 | 0 | 0 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 52,133 | 3,034,519 | SH | SOLE | 2,011,856 | 0 | 1,022,663 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 403,230 | 7,290,365 | SH | SOLE | 7,002,185 | 0 | 288,180 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 32,385 | 29,986 | SH | SOLE | 20,567 | 0 | 9,419 | ||
| Wyndham Destiinations Inc. | COM | 98310W108 | 19,160 | 416,333 | SH | SOLE | 271,703 | 0 | 144,630 | ||
| Wyndham Hotels & Resorts Inc. | COM | 98311A105 | 10,250 | 198,105 | SH | SOLE | 192,398 | 0 | 5,707 | ||