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 | 1,421 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 274,944 | 5,931,903 | SH | SOLE | 5,616,363 | 0 | 315,540 | ||
| Alphabet Inc. | CAP STK CL A | 02079K305 | 333,348 | 307,857 | SH | SOLE | 295,589 | 0 | 12,268 | ||
| Altria Group Inc. | COM | 02209S103 | 1,423 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | CL A | 02665T306 | 93,202 | 3,833,916 | SH | SOLE | 2,624,723 | 0 | 1,209,193 | ||
| AmerisourceBergen Corp | COM | 03073E105 | 206,644 | 2,423,696 | SH | SOLE | 2,297,984 | 0 | 125,712 | ||
| Apple Inc | COM | 037833100 | 247,647 | 1,251,246 | SH | SOLE | 1,202,128 | 0 | 49,118 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 10,968 | 148,116 | SH | SOLE | 143,660 | 0 | 4,456 | ||
| Armstrong Flooring Inc. | COM | 04238R106 | 6,457 | 655,565 | SH | SOLE | 408,811 | 0 | 246,754 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 104,446 | 1,192,447 | SH | SOLE | 793,424 | 0 | 399,023 | ||
| AutoZone, Inc. | COM | 053332102 | 158,759 | 144,396 | SH | SOLE | 139,011 | 0 | 5,385 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 10,726 | 360,279 | SH | SOLE | 349,547 | 0 | 10,732 | ||
| Bank of Montreal | COM | 063671101 | 7,937 | 105,000 | SH | SOLE | 105,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 135,175 | 2,514,966 | SH | SOLE | 2,494,810 | 0 | 20,156 | ||
| BB&T Corp. | COM | 054937107 | 430,764 | 8,767,838 | SH | SOLE | 8,429,599 | 0 | 338,239 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 184,602 | 732,519 | SH | SOLE | 693,116 | 0 | 39,403 | ||
| Berkshire Hathaway Inc. | CL B NEW | 084670702 | 72,583 | 340,492 | SH | SOLE | 316,852 | 0 | 23,640 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 105,374 | 331 | SH | SOLE | 331 | 0 | 0 | ||
| BlackRock TCP Capital Corp. | COM | 09259E108 | 34,995 | 2,455,767 | SH | SOLE | 1,531,623 | 0 | 924,144 | ||
| Booking Holdings Inc. | COM | 09857L108 | 100,518 | 53,618 | SH | SOLE | 50,803 | 0 | 2,815 | ||
| Booz Allen Hamilton Holding Corp. | CL A | 099502106 | 71,650 | 1,082,165 | SH | SOLE | 698,923 | 0 | 383,242 | ||
| Brookfield Asset Management Inc. | CL A LTD VT SH | 112585104 | 141,835 | 2,962,781 | SH | SOLE | 2,939,262 | 0 | 23,519 | ||
| Brookfield Property Partners L.P. | UNIT LTD PARTN | G16249107 | 102,123 | 5,402,108 | SH | SOLE | 5,356,300 | 0 | 45,808 | ||
| Brown & Brown Inc. | COM | 115236101 | 78,490 | 2,342,986 | SH | SOLE | 1,540,531 | 0 | 802,455 | ||
| Camco Investors Inc. | CL A COM | 361438104 | 1,776 | 92,619 | SH | SOLE | 92,619 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 180,630 | 1,950,408 | SH | SOLE | 1,933,929 | 0 | 16,479 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 410 | 15,200 | SH | SOLE | 15,200 | 0 | 0 | ||
| Cannae Holdings Inc. | COM | 13765N107 | 5,292 | 182,600 | SH | SOLE | 182,600 | 0 | 0 | ||
| CBIZ Inc. | COM | 124805102 | 64,285 | 3,281,510 | SH | SOLE | 2,046,825 | 0 | 1,234,685 | ||
| CDW Corp. | COM | 12514G108 | 392 | 3,531 | SH | SOLE | 3,531 | 0 | 0 | ||
| Cedar Fair L.P. | DEPOSITRY UNIT | 150185106 | 44,205 | 926,931 | SH | SOLE | 628,835 | 0 | 298,096 | ||
| Coca-Cola Femsa S.A.B. de C.V. | SPONSORD ADR REP | 191241108 | 29,567 | 475,816 | SH | SOLE | 475,816 | 0 | 0 | ||
| Colliers International Group Inc | SUB VTG SHS | 194693107 | 3,546 | 49,569 | SH | SOLE | 49,067 | 0 | 502 | ||
| Copart Inc. | COM | 217204106 | 15,313 | 204,887 | SH | SOLE | 198,856 | 0 | 6,031 | ||
| Diageo PLC | SPON ADR NEW | 25243Q205 | 816 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 10,485 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Emerald Expositions Events Inc. | COM | 29103B100 | 18,097 | 1,623,027 | SH | SOLE | 1,091,748 | 0 | 531,279 | ||
| Enbridge Inc. | COM | 29250N105 | 196,595 | 5,439,380 | SH | SOLE | 5,393,556 | 0 | 45,824 | ||
| Equifax Inc. | COM | 294429105 | 6,541 | 48,369 | SH | SOLE | 47,016 | 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 | 46,097 | 2,729,236 | SH | SOLE | 1,867,296 | 0 | 861,940 | ||
| Facebook Inc. | CL A | 30303M102 | 242,796 | 1,258,011 | SH | SOLE | 1,193,834 | 0 | 64,177 | ||
| Federated Investors Inc. | CL B | 314211103 | 55,062 | 1,694,206 | SH | SOLE | 1,160,692 | 0 | 533,514 | ||
| First American Financial Corp. | COM | 31847R102 | 274 | 5,102 | SH | SOLE | 4,951 | 0 | 151 | ||
| Franklin Resources, Inc. | COM | 354613101 | 956 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Gartner Inc | COM | 366651107 | 49,995 | 310,646 | SH | SOLE | 196,516 | 0 | 114,130 | ||
| Generac Holdings Inc. | COM | 368736104 | 98,979 | 1,426,005 | SH | SOLE | 951,109 | 0 | 474,896 | ||
| General Electric Co. | COM | 369604103 | 4,200 | 400,000 | SH | SOLE | 400,000 | 0 | 0 | ||
| Gentex Corp. | COM | 371901109 | 237,735 | 9,660,112 | SH | SOLE | 7,893,756 | 0 | 1,766,356 | ||
| Graco Inc. | COM | 384109104 | 30,504 | 607,882 | SH | SOLE | 412,727 | 0 | 195,155 | ||
| Grand Canyon Education Inc. | COM | 38526M106 | 9,524 | 81,386 | SH | SOLE | 31,504 | 0 | 49,882 | ||
| Harris Corp. | COM | 413875105 | 176,602 | 933,758 | SH | SOLE | 883,832 | 0 | 49,926 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 38,887 | 6,751,272 | SH | SOLE | 4,640,373 | 0 | 2,110,899 | ||
| Houlihan Lokey, Inc. | CL A | 441593100 | 41,673 | 935,849 | SH | SOLE | 586,424 | 0 | 349,425 | ||
| Imperial Oil Ltd. | COM NEW | 453038408 | 11,015 | 397,557 | SH | SOLE | 396,152 | 0 | 1,405 | ||
| Invitation Homes Inc | COM | 46187W107 | 39,387 | 1,473,498 | SH | SOLE | 1,011,069 | 0 | 462,429 | ||
| Jefferies Financial Group Inc. | COM | 47233W109 | 80,382 | 4,180,042 | SH | SOLE | 2,841,321 | 0 | 1,338,721 | ||
| Johnson & Johnson | COM | 478160104 | 340,020 | 2,441,270 | SH | SOLE | 2,360,130 | 0 | 81,140 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 2,183 | 19,522 | SH | SOLE | 19,522 | 0 | 0 | ||
| Kennametal Inc. | COM | 489170100 | 56,875 | 1,537,570 | SH | SOLE | 1,015,242 | 0 | 522,328 | ||
| Laboratory Corporation of America Holdings | COM NEW | 50540R409 | 14,241 | 82,363 | SH | SOLE | 79,911 | 0 | 2,452 | ||
| Main Street Capital Corp. | COM | 56035L104 | 59,362 | 1,443,632 | SH | SOLE | 926,074 | 0 | 517,558 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 35,937 | 111,806 | SH | SOLE | 76,014 | 0 | 35,792 | ||
| Marriott Vacations Worldwide Corp. | COM | 57164Y107 | 12,805 | 132,833 | SH | SOLE | 89,803 | 0 | 43,030 | ||
| McDonald's Corp. | COM | 580135101 | 120,627 | 580,889 | SH | SOLE | 553,258 | 0 | 27,631 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 330 | 3,937 | SH | SOLE | 3,937 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 429,941 | 3,209,471 | SH | SOLE | 3,047,579 | 0 | 161,892 | ||
| MSC Industrial Direct Co Inc. | CL A | 553530106 | 8,998 | 121,171 | SH | SOLE | 41,882 | 0 | 79,289 | ||
| News Corp | CL A | 65249B109 | 139,106 | 10,311,802 | SH | SOLE | 9,769,458 | 0 | 542,344 | ||
| Northern Trust Corp. | COM | 665859104 | 239,348 | 2,659,424 | SH | SOLE | 2,520,565 | 0 | 138,859 | ||
| Nutrien Ltd. | COM | 67077M108 | 177,579 | 3,317,584 | SH | SOLE | 3,291,050 | 0 | 26,534 | ||
| Oaktree Capital Group LLC | UNIT CL A | 674001201 | 28,502 | 575,339 | SH | SOLE | 265,681 | 0 | 309,658 | ||
| Oracle Corp. | COM | 68389X105 | 279,120 | 4,899,412 | SH | SOLE | 4,723,492 | 0 | 175,920 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 102,853 | 2,174,489 | SH | SOLE | 1,459,967 | 0 | 714,522 | ||
| PepsiCo Inc. | COM | 713448108 | 297,994 | 2,272,511 | SH | SOLE | 2,186,201 | 0 | 86,310 | ||
| Philip Morris International Inc. | COM | 718172109 | 1,574 | 20,048 | SH | SOLE | 20,048 | 0 | 0 | ||
| Premier Inc. | CL A | 74051N102 | 19,499 | 498,565 | SH | SOLE | 485,950 | 0 | 12,615 | ||
| Primerica Inc. | COM | 74164M108 | 128,829 | 1,074,026 | SH | SOLE | 695,731 | 0 | 378,295 | ||
| Qurate Retail Inc. | COM SER A | 74915M100 | 25,391 | 2,049,352 | SH | SOLE | 799,854 | 0 | 1,249,498 | ||
| RE/MAX Holdings Inc. | CL A | 75524W108 | 49,059 | 1,594,880 | SH | SOLE | 1,079,620 | 0 | 515,260 | ||
| Restaurant Brands International Inc. | COM | 76131D103 | 193,722 | 2,783,820 | SH | SOLE | 2,759,824 | 0 | 23,996 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 986 | 29,691 | SH | SOLE | 29,691 | 0 | 0 | ||
| Royal Bank of Canada | COM | 780087102 | 155,392 | 1,954,072 | SH | SOLE | 1,937,264 | 0 | 16,808 | ||
| Sabre Corp. | COM | 78573M104 | 421,646 | 18,993,085 | SH | SOLE | 18,240,259 | 0 | 752,826 | ||
| Sally Beauty Holdings Inc. | COM | 79546E104 | 22,297 | 1,671,458 | SH | SOLE | 1,661,356 | 0 | 10,102 | ||
| Shaw Communication Inc. | CL B CONV | 82028K200 | 115,075 | 5,636,155 | SH | SOLE | 5,588,195 | 0 | 47,960 | ||
| Simpson Manufacturing Co Inc. | COM | 829073105 | 37,942 | 570,905 | SH | SOLE | 325,974 | 0 | 244,931 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 124,046 | 2,153,205 | SH | SOLE | 1,447,844 | 0 | 705,361 | ||
| Strategic Education Inc. | COM | 86272C103 | 85,541 | 480,567 | SH | SOLE | 329,867 | 0 | 150,700 | ||
| TC Energy Corp. | COM | 87807B107 | 219,202 | 4,418,793 | SH | SOLE | 4,381,759 | 0 | 37,034 | ||
| Tech Data Corp. | COM | 878237106 | 51,443 | 491,803 | SH | SOLE | 336,922 | 0 | 154,881 | ||
| Texas Instruments Incorporated | COM | 882508104 | 181,596 | 1,582,402 | SH | SOLE | 1,498,851 | 0 | 83,551 | ||
| The Kraft Heinz Co. | COM | 500754106 | 776 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| Toronto-Dominion Bank | COM NEW | 891160509 | 153,369 | 2,623,016 | SH | SOLE | 2,600,016 | 0 | 23,000 | ||
| Union Pacific Corp. | COM | 907818108 | 79,789 | 471,816 | SH | SOLE | 447,531 | 0 | 24,285 | ||
| United Fire Group Inc. | COM | 910340108 | 6,767 | 139,647 | SH | SOLE | 95,192 | 0 | 44,455 | ||
| United Technologies Corp. | COM | 913017109 | 458,383 | 3,520,610 | SH | SOLE | 3,377,532 | 0 | 143,078 | ||
| Valvoline Inc. | COM | 92047W101 | 204 | 10,438 | SH | SOLE | 10,438 | 0 | 0 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 23,292 | 1,397,213 | SH | SOLE | 921,566 | 0 | 475,647 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 400,354 | 7,323,098 | SH | SOLE | 7,035,816 | 0 | 287,282 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 30,175 | 29,541 | SH | SOLE | 20,238 | 0 | 9,303 | ||
| Wyndham Destiinations Inc. | COM | 98310W108 | 15,459 | 352,142 | SH | SOLE | 232,526 | 0 | 119,616 | ||
| Wyndham Hotels & Resorts Inc. | COM | 98311A105 | 10,481 | 188,029 | SH | SOLE | 182,322 | 0 | 5,707 | ||