Dark
Light
System
Institutional Investment Manager
Burgundy Asset Management Ltd.
Burgundy Asset Management Ltd. (CIK: 0001315868), located at 181 Bay St., Toronto. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q1)
Original 13F HR (0000950123-14-005432) filed in 2014.05.12
#
Name
Shares
Value ($)
%
Options
Notes
51 Madison Square Garden 713,392 40,506 0.49%
52 FXCM INC-A 2,975,463 43,948 0.54%
53 CBIZ INC 4,932,639 45,183 0.55%
54 BOOZ ALLEN HAMILTON HLDG COR 2,157,179 47,458 0.58%
55 FEDERATED HERMES INC CL B 1,611,756 49,223 0.60%
56 BERKSHIRE HATHAWAY INC DEL 264 49,460 0.60%
57 Micros Systems 955,498 50,575 0.62%
58 EXPEDIA INC DEL 704,570 51,081 0.62%
59 TECH DATA CORP 848,720 51,738 0.63%
60 BROWN & BROWN INC 1,682,301 51,748 0.63%
61 TELEFLEX INC 549,397 58,917 0.72%
62 AMERICAN HOMES 4 RENT CL A 3,534,074 59,054 0.72%
63 SYNNEX CORP 1,050,437 63,667 0.78%
64 HCC INSURANCE HOLDINGS INC 1,484,849 67,546 0.82%
65 Corp Executive Board Co 922,048 68,444 0.83%
66 ARES CAPITAL CORP 3,918,859 69,050 0.84%
67 GALLAGHER ARTHUR J & CO 1,540,512 73,298 0.89%
68 MSCI INC 1,704,874 73,344 0.89%
69 Walgreens 1,288,620 85,088 1.04%
70 PROCTER AND GAMBLE CO 1,098,664 88,552 1.08%
71 PRIMERICA INC 1,925,374 90,704 1.11%
72 PENSKE AUTOMOTIVE GRP INC 2,169,150 92,753 1.13%
73 MARKETAXESS HLDGS INC 1,567,675 92,838 1.13%
74 ROGERS COMMUNICATIONS INC 2,271,594 94,134 1.15%
75 IMPERIAL OIL LTD 2,060,291 95,945 1.17%
76 DEVRY EDUCATION 2,273,577 96,377 1.17%
77 GENTEX CORP 3,096,013 97,617 1.19%
78 WESTERN UN CO 5,984,774 97,911 1.19%
79 ISHARES NASDAQ BIOTECHNOLOGY ETF 90,945 101,359 1.24%
80 EMERSON ELEC CO 1,539,367 102,830 1.25%
81 HILLTOP HOLDINGS INC 4,644,735 110,498 1.35%
82 HUMANA INC 997,034 112,386 1.37%
83 BECTON DICKINSON & CO 968,724 113,418 1.38%
84 MICROSOFT CORP 2,809,739 115,171 1.40%
85 NORTHERN TRUST 1,852,028 121,419 1.48%
86 LORILLARD 2,277,541 123,169 1.50%
87 QUALCOMM INC 1,616,479 127,476 1.55%
88 AMERISOURCEBERGEN CORP 2,048,285 134,347 1.64%
89 BAXTER INTL INC 1,909,307 140,052 1.71%
90 SHAW COMMUNICATIONS INC 6,563,404 156,744 1.91%
91 CANADIAN NATL RY CO 2,828,160 158,899 1.94%
92 LEUCADIA NATL CORP 5,835,626 163,398 1.99%
93 PEPSICO INC 1,980,859 165,026 2.01%
94 APPLE INC 356,348 191,250 2.33%
95 BANK N S HALIFAX 3,302,078 191,261 2.33%
96 TORONTO DOMINION BK ONT 4,090,872 191,802 2.34%
97 THOMSON REUTERS CORP 5,633,538 192,582 2.35%
98 ROYAL BK CDA MONTREAL QUE 2,973,822 196,083 2.39%
99 CISCO SYS INC 8,784,700 196,715 2.40%
100 UNITED TECHNOLOGIES CORP 1,698,026 197,346 2.40%
Page 2 of 3