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 | 1,447 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 283,974 | 5,876,955 | SH | SOLE | 5,564,490 | 0 | 312,465 | ||
| Alphabet Inc. | CAP STK CL A | 02079K305 | 409,606 | 305,815 | SH | SOLE | 293,666 | 0 | 12,149 | ||
| Altria Group Inc. | COM | 02209S103 | 1,500 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | CL A | 02665T306 | 100,020 | 3,816,082 | SH | SOLE | 2,763,158 | 0 | 1,052,924 | ||
| AmerisourceBergen Corp | COM | 03073E105 | 214,967 | 2,528,424 | SH | SOLE | 2,394,651 | 0 | 133,773 | ||
| Apple Inc | COM | 037833100 | 124,303 | 423,304 | SH | SOLE | 401,438 | 0 | 21,866 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 11,929 | 181,424 | SH | SOLE | 176,953 | 0 | 4,471 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 111,280 | 1,168,542 | SH | SOLE | 821,375 | 0 | 347,167 | ||
| Autodesk Inc. | COM | 052769106 | 5,129 | 27,957 | SH | SOLE | 27,184 | 0 | 773 | ||
| AutoZone, Inc. | COM | 053332102 | 167,591 | 140,678 | SH | SOLE | 135,561 | 0 | 5,117 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 6,642 | 218,497 | SH | SOLE | 213,084 | 0 | 5,413 | ||
| Bank of Montreal | COM | 063671101 | 8,136 | 105,000 | SH | SOLE | 105,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 114,338 | 2,024,571 | SH | SOLE | 2,004,704 | 0 | 19,867 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 184,821 | 679,565 | SH | SOLE | 644,104 | 0 | 35,461 | ||
| Berkshire Hathaway Inc. | CL B NEW | 084670702 | 83,274 | 367,654 | SH | SOLE | 343,943 | 0 | 23,711 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 111,725 | 329 | SH | SOLE | 329 | 0 | 0 | ||
| BlackRock TCP Capital Corp. | COM | 09259E108 | 16,881 | 1,201,473 | SH | SOLE | 792,119 | 0 | 409,354 | ||
| Booking Holdings Inc. | COM | 09857L108 | 178,369 | 86,851 | SH | SOLE | 82,271 | 0 | 4,580 | ||
| Booz Allen Hamilton Holding Corp. | CL A | 099502106 | 39,939 | 561,492 | SH | SOLE | 386,528 | 0 | 174,964 | ||
| Brookfield Asset Management Inc. | CL A LTD VT SH | 112585104 | 139,234 | 2,410,205 | SH | SOLE | 2,387,045 | 0 | 23,160 | ||
| Brookfield Property Partners L.P. | UNIT LTD PARTN | G16249107 | 79,149 | 4,331,973 | SH | SOLE | 4,286,842 | 0 | 45,131 | ||
| Brown & Brown Inc. | COM | 115236101 | 48,819 | 1,236,552 | SH | SOLE | 854,653 | 0 | 381,899 | ||
| Camco Investors Inc. | CL A COM | 361438104 | 1,805 | 92,619 | SH | SOLE | 92,619 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 142,801 | 1,578,879 | SH | SOLE | 1,561,820 | 0 | 17,059 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 531 | 16,426 | SH | SOLE | 16,426 | 0 | 0 | ||
| CBIZ Inc. | COM | 124805102 | 63,653 | 2,361,027 | SH | SOLE | 1,515,366 | 0 | 845,661 | ||
| CDW Corp. | COM | 12514G108 | 504 | 3,531 | SH | SOLE | 3,531 | 0 | 0 | ||
| Cedar Fair L.P. | DEPOSITRY UNIT | 150185106 | 53,875 | 971,775 | SH | SOLE | 672,512 | 0 | 299,263 | ||
| Coca-Cola Femsa S.A.B. de C.V. | SPONSORD ADR REP | 191241108 | 46,411 | 765,607 | SH | SOLE | 762,446 | 0 | 3,161 | ||
| Copart Inc. | COM | 217204106 | 22,554 | 248,011 | SH | SOLE | 241,960 | 0 | 6,051 | ||
| Diageo PLC | SPON ADR NEW | 25243Q205 | 798 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 10,671 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Emerald Expositions Events Inc. | COM | 29103B100 | 18,922 | 1,793,554 | SH | SOLE | 1,148,499 | 0 | 645,055 | ||
| Enbridge Inc. | COM | 29250N105 | 166,889 | 4,198,242 | SH | SOLE | 4,159,262 | 0 | 38,980 | ||
| Equifax Inc. | COM | 294429105 | 6,760 | 48,242 | SH | SOLE | 46,901 | 0 | 1,341 | ||
| Equity Commonwealth | COM SH BEN INT | 294628102 | 29,696 | 904,537 | SH | SOLE | 484,504 | 0 | 420,033 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 281 | 3,596 | SH | SOLE | 3,596 | 0 | 0 | ||
| Extended Stay America Inc. | UNIT 99/99/9999B | 30224P200 | 43,577 | 2,932,513 | SH | SOLE | 2,085,386 | 0 | 847,127 | ||
| Facebook Inc. | CL A | 30303M102 | 257,012 | 1,252,191 | SH | SOLE | 1,188,078 | 0 | 64,113 | ||
| Federated Investors Inc. | CL B | 314211103 | 33,139 | 1,016,843 | SH | SOLE | 746,245 | 0 | 270,598 | ||
| Franklin Resources, Inc. | COM | 354613101 | 714 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Gartner Inc | COM | 366651107 | 45,776 | 297,054 | SH | SOLE | 197,884 | 0 | 99,170 | ||
| Generac Holdings Inc. | COM | 368736104 | 136,150 | 1,353,513 | SH | SOLE | 958,702 | 0 | 394,811 | ||
| General Electric Co. | COM | 369604103 | 4,464 | 400,000 | SH | SOLE | 400,000 | 0 | 0 | ||
| Gentex Corp. | COM | 371901109 | 157,694 | 5,441,490 | SH | SOLE | 4,555,870 | 0 | 885,620 | ||
| Graco Inc. | COM | 384109104 | 34,245 | 658,549 | SH | SOLE | 467,962 | 0 | 190,587 | ||
| Grand Canyon Education Inc. | COM | 38526M106 | 43,641 | 455,589 | SH | SOLE | 317,485 | 0 | 138,104 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 45,998 | 7,359,647 | SH | SOLE | 5,296,977 | 0 | 2,062,670 | ||
| Houlihan Lokey, Inc. | CL A | 441593100 | 52,245 | 1,069,067 | SH | SOLE | 725,378 | 0 | 343,689 | ||
| Imperial Oil Ltd. | COM NEW | 453038408 | 9,354 | 353,672 | SH | SOLE | 352,277 | 0 | 1,395 | ||
| Invitation Homes Inc | COM | 46187W107 | 20,107 | 670,914 | SH | SOLE | 491,324 | 0 | 179,590 | ||
| ISHARES CORE S&P SMALL-CAP ETF | CORE S&P SCP ETF | 464287804 | 6,733 | 80,293 | SH | SOLE | 80,293 | 0 | 0 | ||
| ISHARES MSCI EAFE ETF | MSCI EAFE ETF | 464287465 | 4,810 | 69,267 | SH | SOLE | 69,267 | 0 | 0 | ||
| Jefferies Financial Group Inc. | COM | 47233W109 | 102,269 | 4,785,616 | SH | SOLE | 3,476,224 | 0 | 1,309,392 | ||
| Johnson & Johnson | COM | 478160104 | 392,050 | 2,687,669 | SH | SOLE | 2,591,942 | 0 | 95,727 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 2,721 | 19,522 | SH | SOLE | 19,522 | 0 | 0 | ||
| Kennametal Inc. | COM | 489170100 | 65,601 | 1,778,283 | SH | SOLE | 1,277,658 | 0 | 500,625 | ||
| L3 Harris Technologies Inc. | COM | 502431109 | 139,734 | 706,190 | SH | SOLE | 667,901 | 0 | 38,289 | ||
| Laboratory Corporation of America Holdings | COM NEW | 50540R409 | 16,908 | 99,948 | SH | SOLE | 97,488 | 0 | 2,460 | ||
| Main Street Capital Corp. | COM | 56035L104 | 63,403 | 1,470,736 | SH | SOLE | 978,359 | 0 | 492,377 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 21,510 | 56,739 | SH | SOLE | 44,522 | 0 | 12,217 | ||
| Marriott Vacations Worldwide Corp. | COM | 57164Y107 | 20,347 | 158,019 | SH | SOLE | 111,527 | 0 | 46,492 | ||
| McDonald's Corp. | COM | 580135101 | 112,847 | 571,059 | SH | SOLE | 543,944 | 0 | 27,115 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 309 | 3,399 | SH | SOLE | 3,399 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 448,854 | 2,846,250 | SH | SOLE | 2,695,200 | 0 | 151,050 | ||
| News Corp | CL A | 65249B109 | 141,726 | 10,023,032 | SH | SOLE | 9,498,163 | 0 | 524,869 | ||
| Northern Trust Corp. | COM | 665859104 | 275,809 | 2,596,090 | SH | SOLE | 2,461,272 | 0 | 134,818 | ||
| Nutrien Ltd. | COM | 67077M108 | 132,675 | 2,771,735 | SH | SOLE | 2,745,462 | 0 | 26,273 | ||
| Oracle Corp. | COM | 68389X105 | 256,973 | 4,850,386 | SH | SOLE | 4,679,945 | 0 | 170,441 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 107,473 | 2,140,047 | SH | SOLE | 1,542,729 | 0 | 597,318 | ||
| PepsiCo Inc. | COM | 713448108 | 289,257 | 2,116,464 | SH | SOLE | 2,042,032 | 0 | 74,432 | ||
| Philip Morris International Inc. | COM | 718172109 | 1,706 | 20,048 | SH | SOLE | 20,048 | 0 | 0 | ||
| Premier Inc. | CL A | 74051N102 | 81,846 | 2,160,671 | SH | SOLE | 1,634,394 | 0 | 526,277 | ||
| Primerica Inc. | COM | 74164M108 | 137,509 | 1,053,227 | SH | SOLE | 728,086 | 0 | 325,141 | ||
| Qurate Retail Inc. | COM SER A | 74915M100 | 52,052 | 6,174,578 | SH | SOLE | 4,308,200 | 0 | 1,866,378 | ||
| RE/MAX Holdings Inc. | CL A | 75524W108 | 62,977 | 1,636,195 | SH | SOLE | 1,179,722 | 0 | 456,473 | ||
| Restaurant Brands International Inc. | COM | 76131D103 | 133,963 | 2,101,859 | SH | SOLE | 2,080,979 | 0 | 20,880 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 1,280 | 29,811 | SH | SOLE | 29,811 | 0 | 0 | ||
| Rogers Communication Inc. | CL B | 775109200 | 411 | 8,270 | SH | SOLE | 8,270 | 0 | 0 | ||
| Royal Bank of Canada | COM | 780087102 | 120,754 | 1,526,375 | SH | SOLE | 1,510,740 | 0 | 15,635 | ||
| Sabre Corp. | COM | 78573M104 | 417,513 | 18,605,730 | SH | SOLE | 17,876,919 | 0 | 728,811 | ||
| Sally Beauty Holdings Inc. | COM | 79546E104 | 5,175 | 283,569 | SH | SOLE | 281,880 | 0 | 1,689 | ||
| Shaw Communication Inc. | CL B CONV | 82028K200 | 20,668 | 1,018,729 | SH | SOLE | 1,006,885 | 0 | 11,844 | ||
| Simpson Manufacturing Co Inc. | COM | 829073105 | 26,417 | 329,270 | SH | SOLE | 227,319 | 0 | 101,951 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 259,882 | 4,232,604 | SH | SOLE | 3,497,502 | 0 | 735,102 | ||
| Stantec Inc. | COM | 85472N109 | 145,584 | 5,152,188 | SH | SOLE | 5,102,688 | 0 | 49,500 | ||
| Strategic Education Inc. | COM | 86272C103 | 107,526 | 676,692 | SH | SOLE | 507,356 | 0 | 169,336 | ||
| TC Energy Corp. | COM | 87807B107 | 194,969 | 3,661,462 | SH | SOLE | 3,624,981 | 0 | 36,481 | ||
| Tech Data Corp. | COM | 878237106 | 69,675 | 485,203 | SH | SOLE | 351,607 | 0 | 133,596 | ||
| Texas Instruments Incorporated | COM | 882508104 | 104,842 | 817,230 | SH | SOLE | 775,145 | 0 | 42,085 | ||
| The Kraft Heinz Co. | COM | 500754106 | 803 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| Toronto-Dominion Bank | COM NEW | 891160509 | 118,352 | 2,110,616 | SH | SOLE | 2,087,952 | 0 | 22,664 | ||
| Truist Financial Corp. | COM | 89832Q109 | 477,929 | 8,485,947 | SH | SOLE | 8,168,116 | 0 | 317,831 | ||
| Union Pacific Corp. | COM | 907818108 | 82,974 | 458,953 | SH | SOLE | 435,464 | 0 | 23,489 | ||
| United Fire Group Inc. | COM | 910340108 | 6,184 | 141,415 | SH | SOLE | 100,412 | 0 | 41,003 | ||
| United Technologies Corp. | COM | 913017109 | 497,130 | 3,319,514 | SH | SOLE | 3,190,798 | 0 | 128,716 | ||
| Valvoline Inc. | COM | 92047W101 | 223 | 10,438 | SH | SOLE | 10,438 | 0 | 0 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 49,770 | 2,976,675 | SH | SOLE | 2,094,066 | 0 | 882,609 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 416,070 | 7,056,818 | SH | SOLE | 6,787,843 | 0 | 268,975 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 32,797 | 29,401 | SH | SOLE | 21,287 | 0 | 8,114 | ||
| Wyndham Destiinations Inc. | COM | 98310W108 | 21,029 | 406,824 | SH | SOLE | 281,129 | 0 | 125,695 | ||
| Wyndham Hotels & Resorts Inc. | COM | 98311A105 | 13,345 | 212,473 | SH | SOLE | 206,766 | 0 | 5,707 | ||