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 | 1,800 | 8,200 | SH | SOLE | 8,200 | 0 | 0 | ||
| Advantage Oil & Gas Ltd. | COM | 00765F101 | 87,021 | 29,450,026 | SH | SOLE | 28,937,763 | 0 | 512,263 | ||
| Allison Transmission Holdings Inc. | COM | 01973R101 | 207,245 | 5,305,823 | SH | SOLE | 5,157,137 | 0 | 148,686 | ||
| Alphabet Inc. | CAP STK CL A | 02079K305 | 41,763 | 40,267 | SH | SOLE | 39,162 | 0 | 1,105 | ||
| Altria Group Inc. | COM | 02209S103 | 1,873 | 30,048 | SH | SOLE | 30,048 | 0 | 0 | ||
| American Homes 4 Rent Real Estate Investment Trust | COM | 02665T306 | 84,305 | 4,198,481 | SH | SOLE | 3,162,289 | 0 | 1,036,192 | ||
| AmerisourceBergen Corp | COM | 03073E105 | 234,169 | 2,716,257 | SH | SOLE | 2,642,133 | 0 | 74,124 | ||
| Apple Inc | COM | 037833100 | 190,258 | 1,133,971 | SH | SOLE | 1,109,712 | 0 | 24,259 | ||
| Argo Group International Holdings Ltd. | COM | G0464B107 | 8,626 | 150,285 | SH | SOLE | 145,300 | 0 | 4,985 | ||
| Armstrong Flooring Inc. | COM | 04238R106 | 11,529 | 849,567 | SH | SOLE | 604,490 | 0 | 245,077 | ||
| Arthur J. Gallagher & Co. | COM | 363576109 | 102,337 | 1,488,971 | SH | SOLE | 1,092,631 | 0 | 396,340 | ||
| Artisan Partners Asset Management Inc. | CL A | 04316A108 | 51,068 | 1,533,578 | SH | SOLE | 1,099,484 | 0 | 434,094 | ||
| Asbury Automotive Group Inc. | COM | 043436104 | 56,586 | 838,315 | SH | SOLE | 598,338 | 0 | 239,977 | ||
| AutoZone, Inc. | COM | 053332102 | 390,065 | 601,312 | SH | SOLE | 588,319 | 0 | 12,993 | ||
| Axalta Coating Systems Ltd. | COM | G0750C108 | 9,754 | 323,075 | SH | SOLE | 312,343 | 0 | 10,732 | ||
| Bank of Montreal | COM | 063671101 | 3,019 | 40,000 | SH | SOLE | 40,000 | 0 | 0 | ||
| Bank of Nova Scotia | COM | 064149107 | 173,343 | 2,816,368 | SH | SOLE | 2,793,945 | 0 | 22,423 | ||
| BB&T Corp. | COM | 054937107 | 431,224 | 8,286,396 | SH | SOLE | 8,109,857 | 0 | 176,539 | ||
| Becton, Dickinson & Co. | COM | 075887109 | 169,101 | 780,344 | SH | SOLE | 759,864 | 0 | 20,480 | ||
| Berkshire Hathaway Inc. | CL A | 084670108 | 108,274 | 362 | SH | SOLE | 361 | 0 | 1 | ||
| Berkshire Hathaway Inc. | CL B | 084670702 | 10,767 | 53,976 | SH | SOLE | 42,257 | 0 | 11,719 | ||
| Booz Allen Hamilton Holding Corp. | COM | 099502106 | 56,311 | 1,454,318 | SH | SOLE | 1,070,962 | 0 | 383,356 | ||
| Brookfield Asset Management Inc. | CL A | 112585104 | 211,548 | 5,431,462 | SH | SOLE | 5,388,677 | 0 | 42,785 | ||
| Brown & Brown Inc. | COM | 115236101 | 75,169 | 2,954,750 | SH | SOLE | 2,157,702 | 0 | 797,048 | ||
| CBIZ Inc. | COM | 124805102 | 90,199 | 4,942,384 | SH | SOLE | 3,629,363 | 0 | 1,313,021 | ||
| Canadian Natural Resources Ltd. | COM | 136385101 | 477 | 15,200 | SH | SOLE | 15,200 | 0 | 0 | ||
| Canadian National Railway Co. | COM | 136375102 | 173,726 | 2,378,936 | SH | SOLE | 2,359,734 | 0 | 19,202 | ||
| Celestica Inc | SUB VTG SHS | 15101Q108 | 10,437 | 1,009,517 | SH | SOLE | 913,050 | 0 | 96,467 | ||
| Cenovus Energy Inc. | COM | 15135U109 | 231,671 | 27,230,150 | SH | SOLE | 26,694,209 | 0 | 535,941 | ||
| Cisco Systems Inc. | COM | 17275R102 | 56,493 | 1,317,161 | SH | SOLE | 1,281,727 | 0 | 35,434 | ||
| Coca-Cola Femsa S.A.B. de C.V. | ADR | 191241108 | 37,192 | 559,871 | SH | SOLE | 559,871 | 0 | 0 | ||
| Colliers International Group Inc | SUB VTG SHS | 194693107 | 119,107 | 1,717,073 | SH | SOLE | 1,703,069 | 0 | 14,004 | ||
| Computer Programs and Systems Inc. | COM | 205306103 | 20,234 | 692,942 | SH | SOLE | 491,862 | 0 | 201,080 | ||
| Copart Inc. | COM | 217204106 | 20,488 | 402,275 | SH | SOLE | 389,264 | 0 | 13,011 | ||
| Deckers Outdoor Corp. | COM | 243537107 | 47,865 | 531,660 | SH | SOLE | 388,719 | 0 | 142,941 | ||
| Diageo PLC | ADR | 25243Q205 | 641 | 4,736 | SH | SOLE | 4,736 | 0 | 0 | ||
| Dine Brands Global Inc. | COM | 254423106 | 45,784 | 698,141 | SH | SOLE | 516,561 | 0 | 181,580 | ||
| Eaton Vance Variable Rate Income Trust | COM | 278279104 | 11,628 | 777,790 | SH | SOLE | 777,790 | 0 | 0 | ||
| Enbridge Inc. | COM | 29250N105 | 231,293 | 7,360,009 | SH | SOLE | 7,301,075 | 0 | 58,934 | ||
| Expedia Inc. | COM | 30212P303 | 32,934 | 298,289 | SH | SOLE | 212,904 | 0 | 85,385 | ||
| Expeditors International of Washington, Inc. | COM | 302130109 | 4,007 | 63,304 | SH | SOLE | 61,235 | 0 | 2,069 | ||
| Extended Stay America Inc. | UNIT | 30224P200 | 66,224 | 3,349,722 | SH | SOLE | 2,493,545 | 0 | 856,177 | ||
| Federated Investors Inc. | CL B | 314211103 | 48,514 | 1,452,503 | SH | SOLE | 1,046,556 | 0 | 405,947 | ||
| Franklin Resources, Inc. | COM | 354613101 | 953 | 27,466 | SH | SOLE | 27,466 | 0 | 0 | ||
| Gartner Inc | COM | 366651107 | 48,380 | 411,321 | SH | SOLE | 306,107 | 0 | 105,214 | ||
| Generac Holdings Inc. | COM | 368736104 | 80,034 | 1,743,280 | SH | SOLE | 1,271,910 | 0 | 471,370 | ||
| Gentex Corp. | COM | 371901109 | 255,726 | 11,108,844 | SH | SOLE | 9,364,692 | 0 | 1,744,152 | ||
| Graco Inc. | COM | 384109104 | 34,431 | 753,082 | SH | SOLE | 559,234 | 0 | 193,848 | ||
| Harris Corp. | COM | 413875105 | 164,687 | 1,021,125 | SH | SOLE | 992,780 | 0 | 28,345 | ||
| Hilltop Holdings Inc. | COM | 432748101 | 11,244 | 479,278 | SH | SOLE | 343,035 | 0 | 136,243 | ||
| Houghton Mifflin Harcourt Co. | COM | 44157R109 | 45,163 | 6,498,219 | SH | SOLE | 4,840,245 | 0 | 1,657,974 | ||
| Houlihan Lokey, Inc. | COM | 441593100 | 53,756 | 1,205,287 | SH | SOLE | 858,216 | 0 | 347,071 | ||
| Imperial Oil Ltd. | COM | 453038408 | 11,457 | 432,961 | SH | SOLE | 431,861 | 0 | 1,100 | ||
| Invitation Homes Inc | COM | 46187W107 | 29,059 | 1,272,855 | SH | SOLE | 963,916 | 0 | 308,939 | ||
| Jacobs Engineering Group Inc. | COM | 469814107 | 19,355 | 327,224 | SH | SOLE | 72,773 | 0 | 254,451 | ||
| Johnson & Johnson | COM | 478160104 | 406,682 | 3,173,482 | SH | SOLE | 3,106,185 | 0 | 67,297 | ||
| JP Morgan Chase & Co. | COM | 46625H100 | 2,147 | 19,522 | SH | SOLE | 19,522 | 0 | 0 | ||
| Kimberly Clark Corp. | COM | 494368103 | 51,852 | 470,822 | SH | SOLE | 457,722 | 0 | 13,100 | ||
| The Kraft Heinz Co. | COM | 500754106 | 1,557 | 25,000 | SH | SOLE | 25,000 | 0 | 0 | ||
| Laboratory Corporation of America Holdings | COM | 50540R409 | 11,392 | 70,429 | SH | SOLE | 68,135 | 0 | 2,294 | ||
| Leucadia National Corp. | COM | 527288104 | 68,527 | 3,014,816 | SH | SOLE | 2,258,755 | 0 | 756,061 | ||
| M & T BK Corp. | COM | 55261F104 | 213 | 1,154 | SH | SOLE | 1,154 | 0 | 0 | ||
| Main Street Capital Corp. | COM | 56035L104 | 70,083 | 1,899,256 | SH | SOLE | 1,382,524 | 0 | 516,732 | ||
| MarketAxess Holdings Inc. | COM | 57060D108 | 101,394 | 466,307 | SH | SOLE | 345,091 | 0 | 121,216 | ||
| McDonald's Corp. | COM | 580135101 | 216,892 | 1,386,954 | SH | SOLE | 1,352,504 | 0 | 34,450 | ||
| Merck & Co., Inc. | COM | 58933Y105 | 256 | 4,706 | SH | SOLE | 4,706 | 0 | 0 | ||
| Microsoft Corp. | COM | 594918104 | 367,463 | 4,026,110 | SH | SOLE | 3,919,663 | 0 | 106,447 | ||
| Northern Trust Corp. | COM | 665859104 | 239,532 | 2,322,626 | SH | SOLE | 2,259,738 | 0 | 62,888 | ||
| Nutrien Ltd. | COM | 67077M108 | 189,276 | 4,008,063 | SH | SOLE | 3,977,876 | 0 | 30,187 | ||
| Oaktree Capital Group LLC | COM | 674001201 | 15,833 | 399,822 | SH | SOLE | 215,748 | 0 | 184,074 | ||
| Oppenheimer Holdings Inc. | CL A | 683797104 | 4,066 | 157,900 | SH | SOLE | 157,900 | 0 | 0 | ||
| Oracle Corp. | COM | 68389X105 | 322,404 | 7,047,086 | SH | SOLE | 6,901,538 | 0 | 145,548 | ||
| Pennantpark Investment Corp. | COM | 708062104 | 14,401 | 2,155,865 | SH | SOLE | 1,481,900 | 0 | 673,965 | ||
| Penske Auto Group Inc. | COM | 70959W103 | 94,978 | 2,142,523 | SH | SOLE | 1,609,019 | 0 | 533,504 | ||
| PepsiCo Inc. | COM | 713448108 | 248,849 | 2,279,879 | SH | SOLE | 2,231,822 | 0 | 48,057 | ||
| Philip Morris International Inc. | COM | 718172109 | 267,072 | 2,686,841 | SH | SOLE | 2,620,739 | 0 | 66,102 | ||
| PPG Industries Inc. | COM | 693506107 | 36,999 | 331,532 | SH | SOLE | 322,667 | 0 | 8,865 | ||
| Premier Inc. | CL A | 74051N102 | 12,082 | 385,877 | SH | SOLE | 373,262 | 0 | 12,615 | ||
| Primerica Inc. | COM | 74164M108 | 148,730 | 1,539,652 | SH | SOLE | 1,141,323 | 0 | 398,329 | ||
| RE/MAX Holdings Inc. | COM | 75524W108 | 92,198 | 1,525,193 | SH | SOLE | 1,136,376 | 0 | 388,817 | ||
| Ritchie Bros. Auctioneers Inc. | COM | 767744105 | 133,994 | 4,257,847 | SH | SOLE | 4,223,540 | 0 | 34,307 | ||
| Royal Bank of Canada | COM | 780087102 | 174,844 | 2,265,298 | SH | SOLE | 2,245,901 | 0 | 19,397 | ||
| Sabre Corp. | COM | 78573M104 | 388,615 | 18,117,265 | SH | SOLE | 17,713,687 | 0 | 403,578 | ||
| Sally Beauty Holdings Inc. | COM | 79546E104 | 72,726 | 4,421,030 | SH | SOLE | 3,308,562 | 0 | 1,112,468 | ||
| Shaw Communication Inc. | CL B CONV | 82028K200 | 98,720 | 5,128,455 | SH | SOLE | 5,088,651 | 0 | 39,804 | ||
| SS&C Technologies Holdings Inc. | COM | 78467J100 | 154,175 | 2,874,247 | SH | SOLE | 2,145,958 | 0 | 728,289 | ||
| Strayer Education Inc. | COM | 863236105 | 53,453 | 528,973 | SH | SOLE | 390,654 | 0 | 138,319 | ||
| TCP Capital Corp. | COM | 87238Q103 | 45,683 | 3,212,557 | SH | SOLE | 2,294,695 | 0 | 917,862 | ||
| TE Connectivity Ltd. | REG SHS | H84989104 | 1,542 | 15,439 | SH | SOLE | 14,994 | 0 | 445 | ||
| Tempur Sealy Intly Inc. | COM | 88023U101 | 21,312 | 470,572 | SH | SOLE | 334,099 | 0 | 136,473 | ||
| Texas Instruments Incorporated | COM | 882508104 | 133,826 | 1,288,154 | SH | SOLE | 1,253,329 | 0 | 34,825 | ||
| Toronto-Dominion Bank | COM | 891160509 | 175,081 | 3,087,776 | SH | SOLE | 3,060,840 | 0 | 26,936 | ||
| Transcanada Corp. | COM | 89353D107 | 128,264 | 3,104,032 | SH | SOLE | 3,079,048 | 0 | 24,984 | ||
| Union Pacific Corp. | COM | 907818108 | 490,163 | 3,646,233 | SH | SOLE | 3,561,859 | 0 | 84,374 | ||
| United Technologies Corp. | COM | 913017109 | 429,596 | 3,414,369 | SH | SOLE | 3,337,016 | 0 | 77,353 | ||
| Waddell & Reed Financial, Inc. | CL A | 930059100 | 21,395 | 1,058,628 | SH | SOLE | 752,925 | 0 | 305,703 | ||
| Walgreens Boots Alliance, Inc. | COM | 931427108 | 404,286 | 6,175,133 | SH | SOLE | 6,042,974 | 0 | 132,159 | ||
| White Mountains Insurance Group Ltd. | COM | G9618E107 | 32,615 | 39,652 | SH | SOLE | 30,287 | 0 | 9,365 | ||