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 | 1,643 | 10,000 | SH | SOLE | 10,000 | 0 | 0 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 81,816 | 2,413,439 | SH | SOLE | 2,374,397 | 0 | 39,042 | ||
| Altria Group Inc. | COM | 02209S103 | 988 | 20,048 | SH | SOLE | 20,048 | 0 | 0 | ||
| American Capital, Ltd. | COM | 02503Y103 | 4,313 | 295,214 | SH | SOLE | 285,934 | 0 | 9,280 | ||
| American Homes 4 Rent Real Estate Investment Trust | COM | 02665T306 | 66,033 | 3,877,428 | SH | SOLE | 2,668,106 | 0 | 1,209,322 | ||
| AmerisourceBergen Corp. | COM | 03073E105 | 189,543 | 2,102,291 | SH | SOLE | 2,071,112 | 0 | 31,179 | ||
| Apple Inc. | COM | 037833100 | 192,597 | 1,733,705 | SH | SOLE | 1,713,423 | 0 | 20,282 | ||
| Ares Capital Corp. | COM | 04010L103 | 60,057 | 3,848,570 | SH | SOLE | 2,475,141 | 0 | 1,373,429 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 4,686 | 84,475 | SH | SOLE | 81,716 | 0 | 2,759 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 70,880 | 1,505,526 | SH | SOLE | 961,796 | 0 | 543,730 | ||
| Bank of Nova Scotia | COM | 064149107 | 205,718 | 3,599,042 | SH | SOLE | 3,549,113 | 0 | 49,929 | ||
| BB&T Corp. | COM | 054937107 | 270,192 | 6,919,662 | SH | SOLE | 6,838,471 | 0 | 81,191 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 109,754 | 788,688 | SH | SOLE | 776,341 | 0 | 12,347 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 61,924 | 274 | SH | SOLE | 272 | 0 | 2 | ||
| Berkshire Hathaway Inc. | CL B | 084670702 | 8,027 | 53,459 | SH | SOLE | 44,837 | 0 | 8,622 | ||
| Booz Allen Hamilton Holding Corp. | COM | 099502106 | 56,309 | 2,122,474 | SH | SOLE | 1,450,956 | 0 | 671,518 | ||
| Brookfield Asset Management Inc. | CL A | 112585104 | 979 | 19,500 | SH | SOLE | 19,500 | 0 | 0 | ||
| Brookfield Infrastructure Partners LP | COM | G16252101 | 22,138 | 455,049 | SH | SOLE | 401,048 | 0 | 54,001 | ||
| Brown & Brown Inc. | COM | 115236101 | 54,534 | 1,657,059 | SH | SOLE | 1,052,122 | 0 | 604,937 | ||
| California Resources Corp. | COM | 13057Q107 | 1,076 | 194,752 | SH | SOLE | 192,392 | 0 | 2,360 | ||
| Canadian National Railway Co. | COM | 136375102 | 205,509 | 2,979,377 | SH | SOLE | 2,950,077 | 0 | 29,300 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 184,686 | 5,964,731 | SH | SOLE | 5,946,369 | 0 | 18,362 | ||
| CARBO Ceramics Inc. | COM | 140781105 | 18,189 | 454,163 | SH | SOLE | 307,539 | 0 | 146,624 | ||
| CBIZ Inc. | COM | 124805102 | 40,956 | 4,784,635 | SH | SOLE | 3,147,244 | 0 | 1,637,391 | ||
| Cenovus Energy Inc. | COM | 15135U109 | 326,464 | 15,821,694 | SH | SOLE | 15,765,080 | 0 | 56,614 | ||
| Cisco Systems Inc. | COM | 17275R102 | 205,526 | 7,353,596 | SH | SOLE | 7,268,115 | 0 | 85,481 | ||
| Coca-Cola Femsa S.A.B. de C.V. | SPONSORED ADR | 191241108 | 10,370 | 119,862 | SH | SOLE | 119,862 | 0 | 0 | ||
| Copart Inc. | COM | 217204106 | 5,569 | 152,616 | SH | SOLE | 147,846 | 0 | 4,770 | ||
| Corporate Executive Board Co. | COM | 21988R102 | 65,669 | 905,403 | SH | SOLE | 570,863 | 0 | 334,540 | ||
| Cumulus Media Inc. | CL A | 231082108 | 41,564 | 9,825,933 | SH | SOLE | 6,118,072 | 0 | 3,707,861 | ||
| DeVry Education Group Inc. | COM | 251893103 | 101,638 | 2,141,097 | SH | SOLE | 1,381,305 | 0 | 759,792 | ||
| Diageo PLC | SPONSORED ADR | 25243Q205 | 540 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Dun & Bradstreet Corp. | COM | 26483E100 | 1,413 | 11,685 | SH | SOLE | 11,300 | 0 | 385 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 10,804 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Emerson Electric Co. | COM | 291011104 | 81,209 | 1,315,554 | SH | SOLE | 1,295,274 | 0 | 20,280 | ||
| Enbridge Inc. | COM | 29250N105 | 537 | 10,421 | SH | SOLE | 10,421 | 0 | 0 | ||
| Entercom Communications Corp. | CL A | 293639100 | 7,775 | 639,415 | SH | SOLE | 639,415 | 0 | 0 | ||
| Equifax Inc. | COM | 294429105 | 246,092 | 3,043,061 | SH | SOLE | 2,566,071 | 0 | 476,990 | ||
| Expedia Inc. | COM | 30212P303 | 57,606 | 674,864 | SH | SOLE | 445,243 | 0 | 229,621 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 2,358 | 52,867 | SH | SOLE | 51,183 | 0 | 1,684 | ||
| Federated Investors Inc. | CL B | 314211103 | 52,045 | 1,580,474 | SH | SOLE | 1,057,643 | 0 | 522,831 | ||
| FirstService Corp. | SUB VTG SH | 33761N109 | 8,697 | 170,200 | SH | SOLE | 170,200 | 0 | 0 | ||
| Generac Holdings Inc. | COM | 368736104 | 50,324 | 1,076,225 | SH | SOLE | 733,411 | 0 | 342,814 | ||
| General Electric Co. | COM | 369604103 | 1,264 | 50,000 | SH | SOLE | 50,000 | 0 | 0 | ||
| Gentex Corp. | COM | 371901109 | 175,833 | 4,866,680 | SH | SOLE | 3,830,047 | 0 | 1,036,633 | ||
| Graco Inc. | COM | 384109104 | 42,193 | 526,223 | SH | SOLE | 341,760 | 0 | 184,463 | ||
| HCC Insurance Holdings Inc. | COM | 404132102 | 77,426 | 1,446,672 | SH | SOLE | 875,117 | 0 | 571,555 | ||
| Hilltop Holdings Inc. | COM | 432748101 | 67,302 | 3,373,558 | SH | SOLE | 2,073,804 | 0 | 1,299,754 | ||
| Hornbeck Offshore Services, Inc. | COM | 440543106 | 2,707 | 108,427 | SH | SOLE | 104,876 | 0 | 3,551 | ||
| Humana Inc. | COM | 444859102 | 120,022 | 835,631 | SH | SOLE | 822,587 | 0 | 13,044 | ||
| Jacobs Engineering Group Inc. | COM | 469814107 | 83,188 | 1,861,449 | SH | SOLE | 1,540,499 | 0 | 320,950 | ||
| Johnson & Johnson | COM | 478160104 | 284,228 | 2,712,899 | SH | SOLE | 2,679,607 | 0 | 33,292 | ||
| Kayne Anderson Energy Development Co. | COM | 48660Q102 | 31,300 | 875,765 | SH | SOLE | 546,544 | 0 | 329,221 | ||
| Kraft Foods Group Inc. | COM | 50076Q106 | 940 | 15,000 | SH | SOLE | 15,000 | 0 | 0 | ||
| Laboratory Corporation of America Holdings | COM | 50540R409 | 7,916 | 73,363 | SH | SOLE | 71,043 | 0 | 2,320 | ||
| Leucadia National Corp. | COM | 527288104 | 138,627 | 6,183,177 | SH | SOLE | 5,219,758 | 0 | 963,419 | ||
| Liberty Tax Inc | COM | 53128T102 | 701 | 19,614 | SH | SOLE | 19,614 | 0 | 0 | ||
| LoJack Corp. | COM | 539451104 | 257 | 101,544 | SH | SOLE | 101,544 | 0 | 0 | ||
| Lorillard Inc. | COM | 544147101 | 149,951 | 2,382,443 | SH | SOLE | 2,343,150 | 0 | 39,293 | ||
| M&T Bank Corp. | COM | 55261F104 | 212 | 1,691 | SH | SOLE | 1,691 | 0 | 0 | ||
| Madison Square Garden Co. | COM | 55826P100 | 52,600 | 698,907 | SH | SOLE | 472,867 | 0 | 226,040 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 110,531 | 1,541,362 | SH | SOLE | 902,534 | 0 | 638,828 | ||
| McCormick & Co., Inc. | COM | 579780206 | 4,570 | 61,512 | SH | SOLE | 61,512 | 0 | 0 | ||
| McDonald's Corp. | COM | 580135101 | 133,188 | 1,421,425 | SH | SOLE | 1,399,396 | 0 | 22,029 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 512 | 9,015 | SH | SOLE | 9,015 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 117,106 | 2,521,125 | SH | SOLE | 2,482,074 | 0 | 39,051 | ||
| Mondelez International Inc. | COM | 609207105 | 545 | 15,000 | SH | SOLE | 15,000 | 0 | 0 | ||
| Moody's Corp. | COM | 615369105 | 2,933 | 30,612 | SH | SOLE | 29,723 | 0 | 889 | ||
| Morgan Stanley | COM | 617446448 | 1,399 | 36,047 | SH | SOLE | 36,047 | 0 | 0 | ||
| MSCI Inc. | COM | 55354G100 | 77,161 | 1,626,488 | SH | SOLE | 1,066,165 | 0 | 560,323 | ||
| Norfolk Southern Corp. | COM | 655844108 | 200 | 1,827 | SH | SOLE | 1,827 | 0 | 0 | ||
| Northern Trust Corp. | COM | 665859104 | 136,048 | 2,018,522 | SH | SOLE | 1,988,257 | 0 | 30,265 | ||
| Nutraceutical International Corp. | COM | 67060Y101 | 21,760 | 1,009,292 | SH | SOLE | 625,031 | 0 | 384,261 | ||
| Occidental Petroleum Corp. | COM | 674599105 | 215,827 | 2,669,638 | SH | SOLE | 2,636,595 | 0 | 33,043 | ||
| Oracle Corp. | COM | 68389X105 | 275,607 | 6,114,144 | SH | SOLE | 6,040,288 | 0 | 73,856 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 105,121 | 2,142,269 | SH | SOLE | 1,365,325 | 0 | 776,944 | ||
| PepsiCo Inc. | COM | 713448108 | 188,353 | 1,982,842 | SH | SOLE | 1,960,953 | 0 | 21,889 | ||
| Pfizer Inc. | COM | 717081103 | 768 | 24,654 | SH | SOLE | 24,654 | 0 | 0 | ||
| Philip Morris International Inc. | COM | 718172109 | 254,324 | 3,111,021 | SH | SOLE | 3,071,353 | 0 | 39,668 | ||
| Potash Corporation of Saskatchewan Inc. | COM | 73755L107 | 282,688 | 7,985,002 | SH | SOLE | 7,884,402 | 0 | 100,600 | ||
| Premier Inc. | CL A | 74051N102 | 5,910 | 176,255 | SH | SOLE | 170,771 | 0 | 5,484 | ||
| Primerica Inc. | COM | 74164M108 | 100,730 | 1,856,433 | SH | SOLE | 1,217,559 | 0 | 638,874 | ||
| Procter & Gamble Co. | COM | 742718109 | 103,970 | 1,141,397 | SH | SOLE | 1,124,974 | 0 | 16,423 | ||
| RE/MAX Holdings Inc. | COM | 75524W108 | 51,030 | 1,489,925 | SH | SOLE | 1,036,790 | 0 | 453,135 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 214,828 | 7,989,149 | SH | SOLE | 7,892,668 | 0 | 96,481 | ||
| Rogers Communications Inc. | CL B | 775109200 | 100,819 | 2,589,318 | SH | SOLE | 2,543,132 | 0 | 46,186 | ||
| Royal Bank of Canada | COM | 780087102 | 218,804 | 3,163,426 | SH | SOLE | 3,116,926 | 0 | 46,500 | ||
| Shaw Communications Inc. | CL B | 82028K200 | 132,480 | 4,902,346 | SH | SOLE | 4,841,400 | 0 | 60,946 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 90,049 | 1,539,569 | SH | SOLE | 1,050,624 | 0 | 488,945 | ||
| Strayer Education Inc. | COM | 863236105 | 33,267 | 447,865 | SH | SOLE | 335,611 | 0 | 112,254 | ||
| Synnex Corp. | COM | 87162W100 | 73,510 | 940,509 | SH | SOLE | 606,011 | 0 | 334,498 | ||
| Tech Data Corp. | COM | 878237106 | 52,807 | 835,156 | SH | SOLE | 467,481 | 0 | 367,675 | ||
| Teleflex Inc. | COM | 879369106 | 56,561 | 492,605 | SH | SOLE | 308,590 | 0 | 184,015 | ||
| TeleTech Holdings Inc. | COM | 879939106 | 6,831 | 288,475 | SH | SOLE | 278,969 | 0 | 9,506 | ||
| The Babcock & Wilcox Co. | COM | 05615F102 | 151,831 | 5,010,927 | SH | SOLE | 4,926,656 | 0 | 84,271 | ||
| Thomson Reuters Corp. | COM | 884903105 | 235,782 | 5,835,899 | SH | SOLE | 5,764,757 | 0 | 71,142 | ||
| Toronto-Dominion Bank | COM | 891160509 | 209,546 | 4,379,256 | SH | SOLE | 4,314,900 | 0 | 64,356 | ||
| Tronox Ltd. | CL A | Q9235V101 | 29,468 | 1,233,999 | SH | SOLE | 1,102,251 | 0 | 131,748 | ||
| U.S. Concrete Inc. | COM | 90333L201 | 517 | 18,161 | SH | SOLE | 18,161 | 0 | 0 | ||
| Union Pacific Corp. | COM | 907818108 | 285,438 | 2,388,972 | SH | SOLE | 2,360,817 | 0 | 28,155 | ||
| United Technologies Corp. | COM | 913017109 | 264,728 | 2,294,819 | SH | SOLE | 2,265,909 | 0 | 28,910 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 280,921 | 3,688,832 | SH | SOLE | 3,643,480 | 0 | 45,352 | ||
| Wal-Mart Stores Inc. | COM | 931142103 | 1,288 | 15,000 | SH | SOLE | 15,000 | 0 | 0 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 6,983 | 11,082 | SH | SOLE | 10,730 | 0 | 352 | ||