The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
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
Abiomed Inc COMMON 003654100 31,509 98,859 SH   SOLE   96,485 0 2,374
Alleghany Corp COMMON 017175100 38,014 60,680 SH   SOLE   59,167 0 1,513
American Express Co COMMON 025816109 110,083 775,980 SH   SOLE   757,077 0 18,903
Analog Devices Inc COMMON 032654105 64,562 416,312 SH   SOLE   406,774 0 9,538
Applied Materials Inc COMMON 038222105 54,058 404,624 SH   SOLE   394,552 0 10,072
Archer-Daniels-Midland Co. COMMON 039483102 168,496 2,956,078 SH   SOLE   2,883,262 0 72,816
Arista Networks Inc COMMON 040413106 29,800 98,713 SH   SOLE   96,334 0 2,379
Automatic Data Processing COMMON 053015103 44,477 234,876 SH   SOLE   229,480 0 5,396
Autozone Inc COMMON 053332102 134,954 96,097 SH   SOLE   93,832 0 2,265
Baidu Inc - Spon ADR COMMON 056752108 192,797 886,225 SH   SOLE   828,352 0 57,873
Bank of New York Mellon Corp COMMON 064058100 52,002 1,099,645 SH   SOLE   1,074,838 0 24,807
Bank of Nova Scotia COMMON 064149107 27,178 434,479 SH   SOLE   386,356 0 48,123
Barrick Gold Corp COMMON 067901108 114,596 5,787,794 SH   SOLE   2,576,560 0 3,211,234
Baxter International Inc COMMON 071813109 45,980 543,663 SH   SOLE   530,188 0 13,475
Berkshire Hathaway Inc COMMON 084670702 82,471 322,806 SH   SOLE   315,619 0 7,187
Brookfield Asset Management-CL A COMMON 112585104 144,088 3,238,736 SH   SOLE   3,004,292 0 234,444
Canadian Natural Resources COMMON 136385101 48,418 1,548,224 SH   SOLE   1,379,516 0 168,708
Carmax Inc COMMON 143130102 97,538 735,280 SH   SOLE   717,459 0 17,821
Citigroup Inc COMMON 172967424 47,720 655,933 SH   SOLE   641,129 0 14,804
Coca Cola Co COMMON 191216100 53,465 1,006,645 SH   SOLE   981,568 0 25,077
Colgate Palmolive Co COMMON 194162103 38,190 484,476 SH   SOLE   473,358 0 11,118
Electronic Arts Inc COMMON 285512109 86,987 642,597 SH   SOLE   627,584 0 15,013
Expeditors Intl Wash Inc COMMON 302130109 49,485 459,509 SH   SOLE   448,957 0 10,552
FTI Consulting Inc COMMON 302941109 127,436 909,540 SH   SOLE   887,202 0 22,338
Fastenal Co COMMON 311900104 60,301 1,199,326 SH   SOLE   1,170,467 0 28,859
Fomento Economico Mexicano Spon ADR COMMON 344419106 59,897 795,137 SH   SOLE   0 0 795,137
Franco-Nevada Corp COMMON 351858105 31,995 255,338 SH   SOLE   227,069 0 28,269
Gildan Activewear Inc COMMON 375916103 58,115 1,899,328 SH   SOLE   1,807,854 0 91,474
Globus Medical Inc A COMMON 379577208 41,094 666,357 SH   SOLE   650,238 0 16,119
Hartford Financial SVCS Group Inc COMMON 416515104 74,687 1,112,616 SH   SOLE   1,087,499 0 25,117
Healthcare Services Group COMMON 421906108 47,140 1,681,817 SH   SOLE   1,639,963 0 41,854
The Hershey Company COMMON 427866108 112,841 713,459 SH   SOLE   696,673 0 16,786
Intel Corp COMMON 458140100 130,151 2,033,614 SH   SOLE   1,984,955 0 48,659
Johnson and Johnson COMMON 478160104 251,870 1,532,616 SH   SOLE   1,496,221 0 36,395
Kimberly-Clark Corp COMMON 494368103 63,298 451,678 SH   SOLE   440,863 0 10,815
Loews Corp COMMON 540424108 50,094 976,875 SH   SOLE   952,662 0 24,213
Magna International Inc COMMON 559222401 25,914 294,269 SH   SOLE   262,202 0 32,067
Markel Corp COMMON 570535104 74,787 65,602 SH   SOLE   64,032 0 1,570
Omnicom Group COMMON 681919106 11,850 158,373 SH   SOLE   154,361 0 4,012
PPG Industries Inc COMMON 693506107 34,180 227,469 SH   SOLE   221,833 0 5,636
Paccar Inc COMMON 693718108 35,919 386,581 SH   SOLE   377,296 0 9,285
Paychex Inc COMMON 704326107 59,771 609,796 SH   SOLE   595,793 0 14,003
Pepsico Inc COMMON 713448108 46,994 332,237 SH   SOLE   324,200 0 8,037
Pricesmart Inc COMMON 741511109 23,120 238,971 SH   SOLE   209,810 0 29,161
Procter & Gamble COMMON 742718109 72,672 536,572 SH   SOLE   524,258 0 12,314
Progressive Corp COMMON 743315103 47,482 496,618 SH   SOLE   484,605 0 12,013
Rayonier Inc COMMON 754907103 37,176 1,152,712 SH   SOLE   1,135,760 0 16,952
Ritchie Bros Auctioneers COMMON 767744105 59,340 1,013,598 SH   SOLE   930,223 0 83,375
Rogers Communications Inc COMMON 775109200 15,425 331,790 SH   SOLE   295,196 0 36,594
TJX Companies Inc COMMON 872540109 68,122 1,029,815 SH   SOLE   1,005,067 0 24,748
Taiwan Semiconductor Manufacturing Co Ltd COMMON 874039100 13,423 113,148 SH   SOLE   109,737 0 3,411
Tanger Factory Outlet Center COMMON 875465106 24,716 1,633,554 SH   SOLE   1,609,543 0 24,011
Texas Instruments Inc COMMON 882508104 168,853 893,476 SH   SOLE   872,667 0 20,809
US Bancorp COMMON 902973304 44,398 796,866 SH   SOLE   778,573 0 18,293
Union Pacific Corp COMMON 907818108 59,207 268,620 SH   SOLE   262,467 0 6,153
United Parcel Services Cl B COMMON 911312106 83,754 492,702 SH   SOLE   480,659 0 12,043
Wabtec Corp COMMON 929740108 41,020 518,226 SH   SOLE   505,309 0 12,917
Waters Corp COMMON 941848103 106,081 373,301 SH   SOLE   364,675 0 8,626
Wells Fargo COMMON 949746101 177,817 4,551,249 SH   SOLE   4,441,247 0 110,002
Weyerhaeuser Co COMMON 962166104 52,305 1,469,326 SH   SOLE   1,447,716 0 21,610
Raytheon Technologies Corp COMMON 75513E101 21,955 284,138 SH   SOLE   284,138 0 0
Eventbrite Inc - Class A COMMON 29975E109 32,739 1,477,414 SH   SOLE   1,442,120 0 35,294
Travelers Companies Inc COMMON 89417E109 141,596 941,460 SH   SOLE   919,474 0 21,986
Activision Blizzard COMMON 00507V109 45,386 488,023 SH   SOLE   476,335 0 11,688
Alphabet Inc - Class C COMMON 02079K107 139,374 67,375 SH   SOLE   65,745 0 1,630
Alphabet Inc - Class A COMMON 02079K305 209,570 101,608 SH   SOLE   99,192 0 2,416
Autohome Inc - Class A COMMON 05278C107 258 2,761 SH   SOLE   2,761 0 0
Bce Inc COMMON 05534B760 18,549 404,986 SH   SOLE   360,855 0 44,131
Bancolombia Sa -Pref COMMON 05968L102 21,285 665,413 SH   SOLE   588,971 0 76,442
Booking Holdings Inc COMMON 09857L108 216,983 93,132 SH   SOLE   90,956 0 2,176
C H Robinson Worldwide Inc COMMON 12541W209 89,792 935,541 SH   SOLE   913,513 0 22,028
CME Group Inc COMMON 12572Q105 41,542 203,406 SH   SOLE   198,737 0 4,669
Canadian Pacific Railway Ltd COMMON 13645T100 56,617 147,969 SH   SOLE   131,846 0 16,123
Costco Wholesale Corp COMMON 22160K105 35,387 100,395 SH   SOLE   97,894 0 2,501
Dolby Laboratories Inc-CL A COMMON 25659T107 48,662 492,901 SH   SOLE   480,977 0 11,924
Facebook Inc A COMMON 30303M102 161,591 548,639 SH   SOLE   535,310 0 13,329
First Republic Bank COMMON 33616C100 86,962 521,515 SH   SOLE   508,978 0 12,537
Freeport-McMoran Inc COMMON 35671D857 23,501 713,683 SH   SOLE   629,782 0 83,901
Grupo Televisa Sa-Spons Adr COMMON 40049J206 16,196 1,827,984 SH   SOLE   0 0 1,827,984
Huya Inc COMMON 44852D108 176 9,038 SH   SOLE   9,038 0 0
Kar Auction Services Inc COMMON 48238T109 65,029 4,336,056 SH   SOLE   4,228,276 0 107,780
KT Corp ADR COMMON 48268K101 17,583 1,413,461 SH   SOLE   0 0 1,413,461
M & T Bank Corp COMMON 55261F104 49,415 325,935 SH   SOLE   318,129 0 7,806
Marketaxess Holdings COMMON 57060D108 34,496 69,281 SH   SOLE   67,621 0 1,660
Maxim Integrated Products COMMON 57772K101 62,718 686,414 SH   SOLE   670,662 0 15,752
Merck & Co Inc COMMON 58933Y105 165,054 2,123,919 SH   SOLE   2,073,193 0 50,726
MOMO Inc ADR COMMON 60879B107 53 3,598 SH   SOLE   0 0 3,598
National Oilwell Varco COMMON 62955J103 42,010 3,062,166 SH   SOLE   2,985,946 0 76,220
Oracle Corp COMMON 68389X105 277,582 3,955,843 SH   SOLE   3,861,606 0 94,237
Otis Worldwide Corp COMMON 68902V107 25,734 375,946 SH   SOLE   371,499 0 4,447
PayPal Holdings Inc. COMMON 70450Y103 54,860 225,911 SH   SOLE   220,288 0 5,623
3M Co COMMON 88579Y101 27,751 144,024 SH   SOLE   140,719 0 3,305
Ctrip.com International ADR COMMON 89677Q107 25,685 648,128 SH   SOLE   0 0 648,128
Visteon Corp. COMMON 92839U206 32,302 264,880 SH   SOLE   258,287 0 6,593
Yum China Holdings Inc COMMON 98850P109 130,745 2,208,153 SH   SOLE   2,107,348 0 100,805
Aon Plc COMMON G0403H108 55,307 240,356 SH   SOLE   234,840 0 5,516
Axalta Coating Systems Ltd COMMON G0750C108 29,480 996,669 SH   SOLE   971,964 0 24,705
Bunge Ltd COMMON G16962105 110,884 1,398,816 SH   SOLE   1,364,049 0 34,767
Coca-Cola European Partners COMMON G25839104 108,473 2,080,222 SH   SOLE   1,902,437 0 177,785
Genpact Ltd COMMON G3922B107 75,775 1,769,610 SH   SOLE   1,649,631 0 119,979
Linde PLC COMMON G5494J103 54,210 193,509 SH   SOLE   188,855 0 4,654
Chubb Limited COMMON H1467J104 35,787 225,420 SH   SOLE   220,247 0 5,173
TE Connectivity Ltd COMMON H84989104 45,633 353,445 SH   SOLE   344,647 0 8,798
Inmode Ltd COMMON M5425M103 280 3,871 SH   SOLE   3,871 0 0