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Institutional Investment Manager
Mawer Investment Management Ltd.
Mawer Investment Management Ltd. (CIK: 0001538449), located at 517 10th Avenue S. W., Calgary, A0. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q4)
Portfolio Summary: 103 holdings with a total value of $9,774,578,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 INTUIT 639,613 73,289,000 0.75%
52 STANTEC INC 2,899,069 73,123,000 0.75%
53 CME GROUP INC 611,675 70,557,000 0.72%
54 ALPHABET INC 82,287 65,200,000 0.67%
55 DESCARTES SYS GROUP INC COM 2,974,880 63,333,000 0.65%
56 PPG INDS INC 667,125 63,217,000 0.65%
57 MEDNAX INC 945,684 63,039,000 0.64%
58 BANK HAWAII CORP 577,786 51,244,000 0.52%
59 RPM INTL INC 878,553 47,293,000 0.48%
60 INTERNATIONAL FLAVORS&FRAGRA 398,300 46,932,000 0.48%
61 ALLERGAN PLC 222,709 46,771,000 0.48%
62 DOUGLAS DYNAMICS INC 1,209,261 40,692,000 0.42%
63 AGRIUM INC 400,558 40,196,000 0.41%
64 NIKE INC 783,960 39,849,000 0.41%
65 POTASH CORP SASK INC 2,197,293 39,686,000 0.41%
66 PRICELINE GRP INC 24,565 36,014,000 0.37%
67 GILEAD SCIENCES INC 482,060 34,520,000 0.35%
68 EXPRESS SCRIPTS HLDG CO 495,607 34,093,000 0.35%
69 BAXTER INTL INC 736,280 32,647,000 0.33%
70 WATERS CORP 230,490 30,976,000 0.32%
71 COLLIERS INTL GROUP INC 829,199 30,515,000 0.31%
72 SABRE CORP 1,072,640 26,762,000 0.27%
73 QUALCOMM INC 386,186 25,179,000 0.26%
74 WILEY JOHN & SONS INC 451,911 24,629,000 0.25%
75 ASPEN TECHNOLOGY INC 438,968 24,003,000 0.25%
76 INNOPHOS HOLDINGS INC 358,226 18,721,000 0.19%
77 FIRSTSERVICE CORP NEW 370,779 17,574,000 0.18%
78 PAYPAL HLDGS INC 444,180 17,532,000 0.18%
79 ROCKWELL COLLINS INC 187,452 17,388,000 0.18%
80 SHENANDOAH TELECOMM CO CDT COM 610,520 16,667,000 0.17%
81 WHIRLPOOL 88,002 15,996,000 0.16%
82 BANK OF THE OZARKS 291,150 15,312,000 0.16%
83 DENTSPLY SIRONA INC 252,302 14,565,000 0.15%
84 AMPHENOL CORP NEW CL A 211,466 14,211,000 0.15%
85 APTARGROUP INC COM 189,005 13,882,000 0.14%
86 SYNNEX CORP 111,700 13,518,000 0.14%
87 KAR AUCTION SVCS INC 285,210 12,156,000 0.12%
88 NEWMARKET CORP COM 27,673 11,729,000 0.12%
89 WPP PLC NEW 88,091 9,748,000 0.10%
90 WORLD FUEL SVCS CORP 207,031 9,505,000 0.10%
91 ANHEUSER BUSCH INBEV SA/NV 82,054 8,652,000 0.09%
92 PRICE T ROWE GROUP INC 75,635 5,692,000 0.06%
93 COPART INC 102,542 5,682,000 0.06%
94 CHINA MOBILE LIMITED 104,716 5,490,000 0.06%
95 CERNER CORP 112,400 5,324,000 0.05%
96 FRANKLIN RESOURCES INC 133,451 5,282,000 0.05%
97 INTERCONTINENTAL HOTELS GROU 103,594 4,592,000 0.05%
98 CRH MEDICAL CORP 804,640 4,290,000 0.04%
99 SMITH & NEPHEW PLC SPDN ADR NEW 117,350 3,530,000 0.04%
100 CDN IMPERIAL BK COMM TORONTO 5,666 462,000 0.00%
Page 2 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001140361-17-004595, filed 2017.02.06).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.