Burgundy Asset Management Ltd.
Institutional investor · Portfolio as of Q2 2023No 13F holdings reported for quarters after Q3 2025. Holdings now reported by Bank of Montreal.
Top Holdings106 positions
ALPHABET INC | 3M | $358.5M | 4.2% | $53.33 | +122.35% | 19 qtrssince 2018-Q4 | Decreased 0 |
MICROSOFT | 1M | $343.9M | 4.0% | $94.84 | +246.64% | 19 qtrssince 2018-Q4 | Decreased 0 |
ALLISON TRANSMISSION HLDGS I | 5.1M | $286.1M | 3.4% | $37.76 | +44.68% | 19 qtrssince 2018-Q4 | Decreased 0 |
SS&C TECHNOLOGIES HLDGS INC | 4.6M | $279.5M | 3.3% | $45.05 | +29.61% | 19 qtrssince 2018-Q4 | Increased 57 |
PRIMERICA INC | 1.3M | $253.9M | 3.0% | $95.39 | +100.64% | 19 qtrssince 2018-Q4 | Increased 54 |
GALLAGHER ARTHUR J & CO | 1.1M | $252M | 3.0% | $76.65 | +173.93% | 19 qtrssince 2018-Q4 | Increased 54 |
CARRIER GLOBAL CORPORATION | 4.8M | $238M | 2.8% | $21.96 | +117.87% | 13 qtrssince 2020-Q2 | Decreased 0 |
INTERCONTINENTAL EXCHANGE INC | 2M | $227M | 2.7% | $96.43 | +12.91% | 13 qtrssince 2020-Q2 | Decreased 0 |
DOLLAR TREE INC | 1.5M | $219.6M | 2.6% | $88.32 | +62.60% | 14 qtrssince 2020-Q1 | Decreased 0 |
ELECTRONIC ARTS INC | 1.6M | $201.3M | 2.4% | $132.77 | -3.02% | 9 qtrssince 2021-Q2 | Decreased 0 |
JOHNSON & JOHNSON | 1.2M | $196.9M | 2.3% | $117.11 | +29.80% | 19 qtrssince 2018-Q4 | Decreased 0 |
NEWS CORP NEW | 9.9M | $193.5M | 2.3% | $13.91 | +37.70% | 19 qtrssince 2018-Q4 | Decreased 0 |
PROCTER AND GAMBLE CO | 1.3M | $190.2M | 2.2% | $106.95 | +30.20% | 13 qtrssince 2020-Q2 | Decreased 0 |
WILLIS TOWERS WATSON PLC LTD | 791,398 | $186.4M | 2.2% | $215.63 | +4.54% | 10 qtrssince 2021-Q1 | Increased 53 |
CENCORA INC | 941,168 | $181.1M | 2.1% | $81.17 | +129.28% | 19 qtrssince 2018-Q4 | Decreased 0 |
ROSS STORES INC | 1.6M | $175M | 2.1% | $76.82 | +38.06% | 5 qtrssince 2022-Q2 | Increased 58 |
PENSKE AUTOMOTIVE GRP INC | 1M | $170.6M | 2.0% | $36.52 | +325.21% | 19 qtrssince 2018-Q4 | Decreased 0 |
HOULIHAN LOKEY INC | 1.6M | $160.3M | 1.9% | $42.37 | +124.51% | 19 qtrssince 2018-Q4 | Increased 49 |
MASTERCARD INC CL A | 376,539 | $148.1M | 1.7% | $347.67 | +9.75% | 8 qtrssince 2021-Q3 | Decreased 0 |
HENRY SCHEIN INC | 1.7M | $136.8M | 1.6% | $55.68 | +45.30% | 14 qtrssince 2020-Q1 | Decreased 0 |
Burgundy Asset Management Ltd. reported holdings worth $8.5B across 106 positions as of Q2 2023. Top holdings: GOOGL (4.2%), MSFT (4.0%), ALSN (3.4%). Fund DNA: Steady Compounder. HoldingsIntel Score: 1/5.0.
Active quarter - 6 new positions, 4 exits, 38 increased. Top move: ROST (INCREASED, conviction 58). Portfolio: $8.5B across 106 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