Burgundy Asset Management Ltd. — 13F Holdings & Portfolio
CIK 1315868 · latest 13F-HR filed 2025-11-12
Burgundy Asset Management Ltd. manages $10.60B in 13F-reported U.S. long-equity assets across 109 reported positions as of its 2025-09-30 13F-HR filing. Its largest disclosed positions are SSNC (4.34%), PRI (3.37%), WTW (2.71%). Quarter over quarter (versus its 2025-06-30 filing) the fund opened 3 new positions, exited 3, added to 50, and trimmed 17.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$10.60B
Long-equity book
109
Distinct positions
2025-09-30
Filed 2025-11-12
+3 / −3 / ↑50 / ↓17
vs 2025-06-30
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- US FOODS HLDG CORP$60.7M +35.7%
- GENTEX CORP$46.8M +26.7%
- ARMSTRONG WORLD INDS INC NEW$42.6M +19.8%
- ALPHABET INC$37.1M +18.5%
- MARKETAXESS HLDGS INC$34.7M +37.5%
Top Trims
- SYSCO CORP-$56.9M -48.4%
- NATIONAL VISION HLDGS INC-$51.9M -90.0%
- LIGHT & WONDER INC-$31.3M -19.9%
- CARRIER GLOBAL CORPORATION-$22.7M -23.0%
- MICROSOFT CORP-$22.6M -8.9%
New Positions
- DANAHER CORPORATION$48.7M
- ALIGN TECHNOLOGY INC$11.2M
- CANADIAN PACIFIC KANSAS CITY$271.1K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 78467J100 | $460.5M | 4.34% | 5,193,498 | SH |
| 2 | PRIMERICA INC | PRI | 74164M108 | $356.9M | 3.37% | 1,324,968 | SH |
| 3 | WILLIS TOWERS WATSON PLC LTD | WTW | G96629103 | $286.8M | 2.71% | 877,476 | SH |
| 4 | EMCOR GROUP INC | EME | 29084Q100 | $275.3M | 2.60% | 443,982 | SH |
| 5 | ARMSTRONG WORLD INDS INC NEW | AWI | 04247X102 | $257.2M | 2.43% | 1,313,676 | SH |
| 6 | OPENLANE INC | OPLN | 48238T109 | $245.2M | 2.31% | 8,477,474 | SH |
| 7 | HOULIHAN LOKEY INC | HLI | 441593100 | $243.0M | 2.29% | 1,219,617 | SH |
| 8 | ALPHABET INC | GOOGL | 02079K305 | $238.0M | 2.25% | 1,117,913 | SH |
| 9 | US FOODS HLDG CORP | USFD | 912008109 | $230.6M | 2.18% | 2,971,782 | SH |
| 10 | MICROSOFT CORP | MSFT | 594918104 | $230.1M | 2.17% | 454,086 | SH |
| 11 | GENTEX CORP | GNTX | 371901109 | $221.9M | 2.09% | 7,923,912 | SH |
| 12 | INTERCONTINENTAL EXCHANGE IN | ICE | 45866F104 | $219.7M | 2.07% | 1,243,864 | SH |
| 13 | WYNDHAM HOTELS & RESORTS INC | WH | 98311A105 | $212.6M | 2.01% | 2,454,330 | SH |
| 14 | GLOBUS MED INC | GMED | 379577208 | $212.1M | 2.00% | 3,460,983 | SH |
| 15 | MEDTRONIC PLC | MDT | G5960L103 | $202.7M | 1.91% | 2,184,386 | SH |
| 16 | JOHNSON & JOHNSON | JNJ | 478160104 | $201.4M | 1.90% | 1,136,939 | SH |
| 17 | GRAND CANYON ED INC | LOPE | 38526M106 | $197.0M | 1.86% | 977,397 | SH |
| 18 | ALLISON TRANSMISSION HLDGS I | ALSN | 01973R101 | $193.0M | 1.82% | 2,210,926 | SH |
| 19 | MONDELEZ INTL INC | MDLZ | 609207105 | $178.1M | 1.68% | 2,898,948 | SH |
| 20 | CENCORA INC | COR | 03073E105 | $174.9M | 1.65% | 599,753 | SH |
| 21 | ROSS STORES INC | ROST | 778296103 | $172.2M | 1.62% | 1,170,458 | SH |
| 22 | ELECTRONIC ARTS INC | EA | 285512109 | $167.4M | 1.58% | 973,374 | SH |
| 23 | PENSKE AUTOMOTIVE GRP INC | PAG | 70959W103 | $163.4M | 1.54% | 885,860 | SH |
| 24 | NEWS CORP NEW | NWSA | 65249B109 | $160.4M | 1.51% | 5,454,879 | SH |
| 25 | CME GROUP INC | CME | 12572Q105 | $153.3M | 1.45% | 575,337 | SH |
| 26 | AMERICAN HOMES 4 RENT | AMH | 02665T306 | $152.6M | 1.44% | 4,258,875 | SH |
| 27 | AMAZON COM INC | AMZN | 023135106 | $152.3M | 1.44% | 665,179 | SH |
| 28 | HENRY SCHEIN INC | HSIC | 806407102 | $151.0M | 1.43% | 2,170,871 | SH |
| 29 | CBIZ INC | CBZ | 124805102 | $149.4M | 1.41% | 2,315,606 | SH |
| 30 | KENVUE INC | KVUE | 49177J102 | $145.6M | 1.37% | 7,030,246 | SH |
| 31 | TORONTO DOMINION BK ONT | TD | 891160509 | $142.3M | 1.34% | 1,896,245 | SH |
| 32 | NEW YORK TIMES CO | NYT | 650111107 | $141.0M | 1.33% | 2,357,049 | SH |
| 33 | WABTEC | WAB | 929740108 | $139.1M | 1.31% | 718,779 | SH |
| 34 | SIMPSON MFG INC | SSD | 829073105 | $131.9M | 1.24% | 689,900 | SH |
| 35 | MARKETAXESS HLDGS INC | MKTX | 57060D108 | $127.3M | 1.20% | 692,216 | SH |
| 36 | LIGHT & WONDER INC | LNWO | 80874P109 | $125.8M | 1.19% | 1,360,624 | SH |
| 37 | STRATEGIC ED INC | STRA | 86272C103 | $123.4M | 1.16% | 1,516,338 | SH |
| 38 | GENERAC HLDGS INC | GNRC | 368736104 | $120.1M | 1.13% | 648,364 | SH |
| 39 | MASTERCARD INCORPORATED | MA | 57636Q104 | $119.4M | 1.13% | 200,540 | SH |
| 40 | ROGERS COMMUNICATIONS INC | RCI | 775109200 | $119.3M | 1.13% | 3,331,220 | SH |
| 41 | BERKSHIRE HATHAWAY INC DEL | BRK.A | 084670108 | $116.3M | 1.10% | 154 | SH |
| 42 | EURONET WORLDWIDE INC | EEFT | 298736109 | $112.9M | 1.06% | 1,211,358 | SH |
| 43 | HILLMAN SOLUTIONS CORP | HLMN | 431636109 | $110.3M | 1.04% | 11,164,985 | SH |
| 44 | RESTAURANT BRANDS INTL INC | QSR | 76131D103 | $110.3M | 1.04% | 1,742,299 | SH |
| 45 | NIKE INC | NKE | 654106103 | $105.5M | 1.00% | 1,364,095 | SH |
| 46 | ORACLE CORP | ORCL | 68389X105 | $104.7M | 0.99% | 463,184 | SH |
| 47 | TRUIST FINL CORP | TFC | 89832Q109 | $93.9M | 0.89% | 2,006,383 | SH |
| 48 | STANTEC INC | STN | 85472N109 | $93.2M | 0.88% | 858,122 | SH |
| 49 | ROYAL BK CDA | RY | 780087102 | $92.8M | 0.88% | 639,134 | SH |
| 50 | IAC INC | IAC | 44891N208 | $91.6M | 0.86% | 2,501,914 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2025-09-30 | 2025-11-12 | $10.60B | 109 | 0001193125-25-277473 |
| 2025-06-30 | 2025-08-13 | $10.28B | 109 | 0000950123-25-007831 |