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 | 1,613 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Advantage Oil & Gas Ltd. | COM | 00765F101 | 92,015 | 29,480,455 | SH | SOLE | 28,969,006 | 0 | 511,449 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 221,286 | 5,465,192 | SH | SOLE | 5,316,568 | 0 | 148,624 | ||
| Alphabet Inc. | CAP STK CL A | 02079K305 | 112,557 | 99,679 | SH | SOLE | 97,098 | 0 | 2,581 | ||
| Altria Group Inc. | COM | 02209S103 | 1,706 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | CL A | 02665T306 | 100,121 | 4,514,020 | SH | SOLE | 3,333,486 | 0 | 1,180,534 | ||
| AmerisourceBergen Corp | COM | 03073E105 | 233,858 | 2,742,554 | SH | SOLE | 2,671,502 | 0 | 71,052 | ||
| Apple Inc | COM | 037833100 | 210,217 | 1,135,634 | SH | SOLE | 1,112,244 | 0 | 23,390 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 7,821 | 134,503 | SH | SOLE | 130,047 | 0 | 4,456 | ||
| Armstrong Flooring Inc. | COM | 04238R106 | 11,145 | 793,805 | SH | SOLE | 548,884 | 0 | 244,921 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 92,126 | 1,411,247 | SH | SOLE | 1,015,156 | 0 | 396,091 | ||
| Artisan Partners Asset Management Inc. | CL A | 04316A108 | 871 | 28,900 | SH | SOLE | 28,900 | 0 | 0 | ||
| Asbury Automotive Group Inc. | COM | 043436104 | 49,721 | 725,321 | SH | SOLE | 503,340 | 0 | 221,981 | ||
| AutoZone, Inc. | COM | 053332102 | 412,757 | 615,202 | SH | SOLE | 602,330 | 0 | 12,872 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 9,808 | 323,581 | SH | SOLE | 312,849 | 0 | 10,732 | ||
| Bank of Montreal | COM | 063671101 | 3,087 | 40,000 | SH | SOLE | 40,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 155,715 | 2,754,487 | SH | SOLE | 2,732,197 | 0 | 22,290 | ||
| BB&T Corp. | COM | 054937107 | 423,757 | 8,401,213 | SH | SOLE | 8,226,387 | 0 | 174,826 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 184,280 | 769,245 | SH | SOLE | 749,850 | 0 | 19,395 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 96,176 | 341 | SH | SOLE | 341 | 0 | 0 | ||
| Berkshire Hathaway Inc. | CL B NEW | 084670702 | 15,913 | 85,255 | SH | SOLE | 72,236 | 0 | 13,019 | ||
| Booz Allen Hamilton Holding Corp. | CL A | 099502106 | 60,193 | 1,376,476 | SH | SOLE | 993,360 | 0 | 383,116 | ||
| Brookfield Asset Management Inc. | CL A LTD VT SH | 112585104 | 120,793 | 2,982,552 | SH | SOLE | 2,958,776 | 0 | 23,776 | ||
| Brookfield Property Partners L.P. | UNIT LTD PARTN | G16249107 | 93,188 | 4,914,273 | SH | SOLE | 4,873,243 | 0 | 41,030 | ||
| Brown & Brown Inc. | COM | 115236101 | 77,234 | 2,785,203 | SH | SOLE | 1,988,657 | 0 | 796,546 | ||
| Cannae Holdings Inc. | COM | 13765N107 | 3,387 | 182,600 | SH | SOLE | 182,600 | 0 | 0 | ||
| CBIZ Inc. | COM | 124805102 | 107,249 | 4,663,007 | SH | SOLE | 3,350,766 | 0 | 1,312,241 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 548 | 15,200 | SH | SOLE | 15,200 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 188,577 | 2,309,280 | SH | SOLE | 2,290,160 | 0 | 19,120 | ||
| Celestica Inc | SUB VTG SHS | 15101Q108 | 11,983 | 1,009,517 | SH | SOLE | 913,050 | 0 | 96,467 | ||
| Cenovus Energy Inc. | COM | 15135U109 | 747 | 72,040 | SH | SOLE | 72,040 | 0 | 0 | ||
| Cisco Systems Inc. | COM | 17275R102 | 1,199 | 27,871 | SH | SOLE | 27,871 | 0 | 0 | ||
| Coca-Cola Femsa S.A.B. de C.V. | SPON ADR REP L | 191241108 | 31,796 | 563,458 | SH | SOLE | 563,458 | 0 | 0 | ||
| Colliers International Group Inc | SUB VTG SHS | 194693107 | 95,851 | 1,261,903 | SH | SOLE | 1,251,529 | 0 | 10,374 | ||
| Computer Programs and Systems Inc. | COM | 205306103 | 21,173 | 643,560 | SH | SOLE | 442,609 | 0 | 200,951 | ||
| Copart Inc. | COM | 217204106 | 12,286 | 217,215 | SH | SOLE | 210,292 | 0 | 6,923 | ||
| Deckers Outdoor Corp. | COM | 243537107 | 53,741 | 476,045 | SH | SOLE | 333,215 | 0 | 142,830 | ||
| Diageo PLC | SPON ADR NEW | 25243Q205 | 682 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Dine Brands Global Inc. | COM | 254423106 | 49,123 | 656,718 | SH | SOLE | 475,253 | 0 | 181,465 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 11,278 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Enbridge Inc. | COM | 29250N105 | 252,673 | 7,079,107 | SH | SOLE | 7,020,469 | 0 | 58,638 | ||
| Expedia Inc. | COM NEW | 30212P303 | 33,674 | 280,169 | SH | SOLE | 194,839 | 0 | 85,330 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 6,256 | 85,580 | SH | SOLE | 82,771 | 0 | 2,809 | ||
| Extended Stay America Inc. | UNIT 99/99/9999B | 30224P200 | 68,622 | 3,175,456 | SH | SOLE | 2,319,812 | 0 | 855,644 | ||
| Federated Investors Inc. | CL B | 314211103 | 42,747 | 1,833,049 | SH | SOLE | 1,307,419 | 0 | 525,630 | ||
| Franklin Resources, Inc. | COM | 354613101 | 880 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Gartner Inc | COM | 366651107 | 56,301 | 423,637 | SH | SOLE | 308,847 | 0 | 114,790 | ||
| Generac Holdings Inc. | COM | 368736104 | 85,510 | 1,653,012 | SH | SOLE | 1,181,593 | 0 | 471,419 | ||
| Gentex Corp. | COM | 371901109 | 247,502 | 10,751,615 | SH | SOLE | 9,010,734 | 0 | 1,740,881 | ||
| Graco Inc. | COM | 384109104 | 32,348 | 715,351 | SH | SOLE | 521,627 | 0 | 193,724 | ||
| Harris Corp. | COM | 413875105 | 130,801 | 904,947 | SH | SOLE | 880,873 | 0 | 24,074 | ||
| Hilltop Holdings Inc. | COM | 432748101 | 9,874 | 447,390 | SH | SOLE | 311,235 | 0 | 136,155 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 47,580 | 6,219,598 | SH | SOLE | 4,559,445 | 0 | 1,660,153 | ||
| Houlihan Lokey, Inc. | CL A | 441593100 | 57,683 | 1,126,190 | SH | SOLE | 779,360 | 0 | 346,830 | ||
| Imperial Oil Ltd. | COM NEW | 453038408 | 10,374 | 312,582 | SH | SOLE | 311,482 | 0 | 1,100 | ||
| Invitation Homes Inc | COM | 46187W107 | 39,088 | 1,695,062 | SH | SOLE | 1,236,008 | 0 | 459,054 | ||
| Jacobs Engineering Group Inc. | COM | 469814107 | 22,396 | 352,753 | SH | SOLE | 97,455 | 0 | 255,298 | ||
| Jefferies Financial Group Inc. | COM | 47233W109 | 79,578 | 3,499,488 | SH | SOLE | 2,531,320 | 0 | 968,168 | ||
| Johnson & Johnson | COM | 478160104 | 389,739 | 3,211,960 | SH | SOLE | 3,146,471 | 0 | 65,489 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 2,034 | 19,522 | SH | SOLE | 19,522 | 0 | 0 | ||
| Kimberly Clark Corp. | COM | 494368103 | 58,451 | 554,878 | SH | SOLE | 540,433 | 0 | 14,445 | ||
| The Kraft Heinz Co. | COM | 500754106 | 1,571 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| Laboratory Corporation of America Holdings | COM NEW | 50540R409 | 12,707 | 70,777 | SH | SOLE | 68,483 | 0 | 2,294 | ||
| Main Street Capital Corp. | COM | 56035L104 | 67,276 | 1,767,621 | SH | SOLE | 1,252,622 | 0 | 514,999 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 88,069 | 445,108 | SH | SOLE | 323,967 | 0 | 121,141 | ||
| McDonald's Corp. | COM | 580135101 | 215,792 | 1,377,191 | SH | SOLE | 1,344,232 | 0 | 32,959 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 286 | 4,706 | SH | SOLE | 4,706 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 393,578 | 3,991,262 | SH | SOLE | 3,892,314 | 0 | 98,948 | ||
| Northern Trust Corp. | COM | 665859104 | 235,747 | 2,291,257 | SH | SOLE | 2,233,821 | 0 | 57,436 | ||
| Nutrien Ltd. | COM | 67077M108 | 208,977 | 3,847,586 | SH | SOLE | 3,817,555 | 0 | 30,031 | ||
| Oaktree Capital Group LLC | UNIT CL A | 674001201 | 17,247 | 424,291 | SH | SOLE | 239,419 | 0 | 184,872 | ||
| Oracle Corp. | COM | 68389X105 | 320,555 | 7,275,429 | SH | SOLE | 7,130,758 | 0 | 144,671 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 95,905 | 2,047,072 | SH | SOLE | 1,513,905 | 0 | 533,167 | ||
| PepsiCo Inc. | COM | 713448108 | 257,504 | 2,365,244 | SH | SOLE | 2,319,185 | 0 | 46,059 | ||
| Philip Morris International Inc. | COM | 718172109 | 226,898 | 2,810,235 | SH | SOLE | 2,743,259 | 0 | 66,976 | ||
| PPG Industries Inc. | COM | 693506107 | 34,387 | 331,506 | SH | SOLE | 322,682 | 0 | 8,824 | ||
| Premier Inc. | CL A | 74051N102 | 16,873 | 463,792 | SH | SOLE | 451,177 | 0 | 12,615 | ||
| Primerica Inc. | COM | 74164M108 | 148,081 | 1,486,755 | SH | SOLE | 1,080,981 | 0 | 405,774 | ||
| RE/MAX Holdings Inc. | CL A | 75524W108 | 76,475 | 1,458,057 | SH | SOLE | 1,069,483 | 0 | 388,574 | ||
| Restaurant Brands International Inc. | COM | 76131D103 | 100,942 | 1,676,163 | SH | SOLE | 1,662,692 | 0 | 13,471 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 94,010 | 2,755,280 | SH | SOLE | 4,223,540 | 0 | 22,785 | ||
| Royal Bank of Canada | COM | 780087102 | 165,868 | 2,206,424 | SH | SOLE | 2,187,145 | 0 | 19,279 | ||
| Sabre Corp. | COM | 78573M104 | 450,802 | 18,295,526 | SH | SOLE | 17,905,409 | 0 | 390,117 | ||
| Sally Beauty Holdings Inc. | COM | 79546E104 | 68,370 | 4,265,157 | SH | SOLE | 3,152,379 | 0 | 1,112,778 | ||
| Shaw Communication Inc. | CL B CONV | 82028K200 | 131,775 | 6,479,474 | SH | SOLE | 6,425,817 | 0 | 53,657 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 141,124 | 2,719,144 | SH | SOLE | 1,991,309 | 0 | 727,835 | ||
| Strayer Education Inc. | COM | 863236105 | 58,111 | 514,215 | SH | SOLE | 375,457 | 0 | 138,758 | ||
| TCP Capital Corp. | COM | 87238Q103 | 43,715 | 3,025,283 | SH | SOLE | 2,108,004 | 0 | 917,279 | ||
| TE Connectivity Ltd. | REG SHS | H84989104 | 1,390 | 15,439 | SH | SOLE | 14,994 | 0 | 445 | ||
| Tempur Sealy Intly Inc. | COM | 88023U101 | 21,039 | 437,861 | SH | SOLE | 301,476 | 0 | 136,385 | ||
| Texas Instruments Incorporated | COM | 882508104 | 142,588 | 1,293,312 | SH | SOLE | 1,260,731 | 0 | 32,581 | ||
| Toronto-Dominion Bank | COM NEW | 891160509 | 172,294 | 2,981,676 | SH | SOLE | 2,954,901 | 0 | 26,775 | ||
| Transcanada Corp. | COM | 89353D107 | 138,762 | 3,212,402 | SH | SOLE | 3,187,506 | 0 | 24,896 | ||
| Union Pacific Corp. | COM | 907818108 | 211,481 | 1,492,667 | SH | SOLE | 1,462,106 | 0 | 30,561 | ||
| United Fire Group Inc. | COM | 910340108 | 8,888 | 163,050 | SH | SOLE | 118,919 | 0 | 44,131 | ||
| United Technologies Corp. | COM | 913017109 | 429,530 | 3,435,412 | SH | SOLE | 3,360,876 | 0 | 74,536 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 18,905 | 1,052,043 | SH | SOLE | 745,341 | 0 | 306,702 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 429,792 | 7,161,408 | SH | SOLE | 7,012,215 | 0 | 149,193 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 34,305 | 37,839 | SH | SOLE | 28,480 | 0 | 9,359 | ||