Burgundy Asset Management Ltd.
Institutional investor · Portfolio as of Q3 2025No 13F holdings reported for quarters after Q3 2025. Holdings now reported by Bank of Montreal.
Top Holdings109 positions
SS&C TECH HLDGS | 5.2M | $460.5M | 4.3% | $48.34 | +81.00% | 28 qtrssince 2018-Q4 | Decreased 0 |
PRIMERICA INC | 1.3M | $356.9M | 3.4% | $110.81 | +146.31% | 28 qtrssince 2018-Q4 | Decreased 0 |
WILLIS TOWERS WATSON PLC LTD | 877,476 | $286.8M | 2.7% | $209.69 | +62.61% | 19 qtrssince 2021-Q1 | Decreased 0 |
EMCOR GROUP INC | 443,982 | $275.3M | 2.6% | $159.24 | +307.10% | 20 qtrssince 2020-Q4 | Decreased 0 |
ARMSTRONG WORLD INDS INC NEW | 1.3M | $257.2M | 2.4% | $85.40 | +127.75% | 23 qtrssince 2020-Q1 | Decreased 0 |
OPENLANE INC | 8.5M | $245.2M | 2.3% | $16.39 | +75.60% | 23 qtrssince 2020-Q1 | Decreased 0 |
HOULIHAN LOKEY INC | 1.2M | $243M | 2.3% | $54.47 | +270.45% | 28 qtrssince 2018-Q4 | Decreased 0 |
ALPHABET INC | 1.1M | $238M | 2.2% | $53.33 | +354.70% | 28 qtrssince 2018-Q4 | Decreased 0 |
US FOODS HLDG CORP | 3M | $230.6M | 2.2% | $70.36 | +8.89% | 3 qtrssince 2025-Q1 | Increased 68 |
MICROSOFT CORP | 454,086 | $230.1M | 2.2% | $95.31 | +439.03% | 28 qtrssince 2018-Q4 | Decreased 0 |
GENTEX CORP | 7.9M | $221.9M | 2.1% | $22.13 | +24.63% | 28 qtrssince 2018-Q4 | Decreased 0 |
INTERCONTINENTAL EXCHANGE IN | 1.2M | $219.7M | 2.1% | $96.92 | +71.56% | 22 qtrssince 2020-Q2 | Decreased 0 |
WYNDHAM HOTELS & RESORTS INC | 2.5M | $212.6M | 2.0% | $59.97 | +30.26% | 28 qtrssince 2018-Q4 | Decreased 0 |
GLOBUS MED INC | 3.5M | $212.1M | 2.0% | $56.02 | +2.23% | 10 qtrssince 2023-Q2 | Decreased 0 |
MEDTRONIC PLC | 2.2M | $202.7M | 1.9% | $75.90 | +21.46% | 4 qtrssince 2024-Q4 | Decreased 0 |
JOHNSON & JOHNSON | 1.1M | $201.4M | 1.9% | $121.43 | +49.34% | 28 qtrssince 2018-Q4 | Decreased 0 |
GRAND CANYON ED INC | 977,397 | $197M | 1.9% | $103.50 | +112.11% | 27 qtrssince 2019-Q1 | Decreased 0 |
ALLISON TRANSMISSION HLDGS I | 2.2M | $193M | 1.8% | $37.68 | +122.89% | 28 qtrssince 2018-Q4 | Decreased 0 |
MONDELEZ INTL INC | 2.9M | $178.1M | 1.7% | $63.11 | -4.42% | 11 qtrssince 2023-Q1 | Decreased 0 |
CENCORA INC | 599,753 | $174.9M | 1.6% | $81.03 | +282.80% | 28 qtrssince 2018-Q4 | Decreased 0 |
Burgundy Asset Management Ltd. reported holdings worth $10.6B across 109 positions as of Q3 2025. Top holdings: SSNC (4.3%), PRI (3.4%), WTW (2.7%). Fund DNA: Steady Compounder. HoldingsIntel Score: 1/5.0.
Added 3 new positions, exited 3, increased 18, trimmed 74. Top move: USFD (INCREASED, conviction 68). Portfolio: $10.6B across 109 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
No 13F holdings reported for quarters after Q3 2025.
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
Verify source filings on SEC EDGAR