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Burgundy Asset Management Portfolio holdings

AUM $10.6B
1-Year Est. Return 13.39%
This Fund
S&P 500
This Quarter Est. Return
+5.37%
1 Year Est. Return
+13.39%
3 Year Est. Return
+84.78%
5 Year Est. Return
+123.86%
10 Year Est. Return
+285.27%
AUM
$10.6B
AUM Growth
+$325M
Cap. Flow
-$197M
Cap. Flow %
-1.86%
Top 10 Hldgs %
26.64%
Holding
112
New
3
Increased
18
Reduced
74
Closed
3
Avg Time Held
22.1 quarters
Top 10 Avg Time Held
4.5 quarters
Top 20 Avg Time Held
13.4 quarters

Top Buys

Rank Stock Value
1
USFD icon
US Foods
USFD
+$60.8M
2
MKTX icon
MarketAxess Holdings
MKTX
+$54.4M
3
DHR icon
Danaher
DHR
+$47.1M
4
GIB icon
CGI
GIB
+$16.6M
5
WAB icon
Wabtec
WAB
+$15.3M

Top Sells

Rank Stock Value
1
SYY icon
Sysco
SYY
+$63.8M
2
EYE icon
National Vision
EYE
+$55.4M
3
EME icon
Emcor
EME
+$52.5M
4
OPLN icon
Openlane
OPLN
+$49.8M
5
RCI icon
Rogers Communications
RCI
+$29M

Sector Composition

Rank Sector Weight
1 Financials 21%
2 Consumer Discretionary 18.41%
3 Industrials 14.56%
4 Consumer Staples 10.72%
5 Communication Services 10.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
SSNC icon
1
SS&C Technologies
SSNC
$19.2B
$460M 4.34%
5,193,498
-46,073
-0.9% -$3.99M
2013 Q2
49 quarters
PRI icon
2
Primerica
PRI
$8.55B
$357M 3.37%
1,324,968
-8,505
-0.6% -$2.28M
2013 Q2
49 quarters
WTW icon
3
Willis Towers Watson
WTW
$27.8B
$287M 2.71%
877,476
-16,531
-2% -$5.35M
2021 Q1
18 quarters
EME icon
4
Emcor
EME
$33.5B
$275M 2.6%
443,982
-86,475
-16% -$52.5M
2020 Q4
19 quarters
AWI icon
5
Armstrong World Industries
AWI
$6.87B
$257M 2.43%
1,313,676
-7,402
-0.6% -$1.38M
2020 Q1
22 quarters
OPLN icon
6
Openlane
OPLN
$4.49B
$245M 2.31%
8,477,474
-1,828,553
-18% -$49.8M
2020 Q1
22 quarters
HLI icon
7
Houlihan Lokey
HLI
$9.03B
$243M 2.29%
1,219,617
-6,349
-0.5% -$1.24M
2015 Q3
40 quarters
GOOGL icon
8
Alphabet (Google) Class A
GOOGL
$4.35T
$238M 2.25%
1,117,913
-22,159
-2% -$4.64M
2018 Q1
30 quarters
USFD icon
9
US Foods
USFD
$21B
$231M 2.18%
2,971,782
+765,042
+35% +$60.8M
2025 Q1
2 quarters
MSFT icon
10
Microsoft
MSFT
$4.05T
$230M 2.17%
454,086
-53,935
-11% -$27.5M
2013 Q2
49 quarters
GNTX icon
11
Gentex
GNTX
$4.39B
$222M 2.09%
7,923,912
-40,643
-0.5% -$1.08M
2013 Q2
49 quarters
ICE icon
12
Intercontinental Exchange
ICE
$88.9B
$220M 2.07%
1,243,864
-22,926
-2% -$4.1M
2020 Q2
21 quarters
WH icon
13
Wyndham Hotels & Resorts
WH
$5.38B
$213M 2.01%
2,454,330
-11,638
-0.5% -$1M
2018 Q3
28 quarters
GMED icon
14
Globus Medical
GMED
$10.2B
$212M 2%
3,460,983
-20,455
-0.6% -$1.18M
2023 Q2
9 quarters
MDT icon
15
Medtronic
MDT
$118B
$203M 1.91%
2,184,386
-33,765
-2% -$3.1M
2024 Q4
3 quarters
JNJ icon
16
Johnson & Johnson
JNJ
$599B
$201M 1.9%
1,136,939
-23,141
-2% -$3.96M
2013 Q2
49 quarters
LOPE icon
17
Grand Canyon Education
LOPE
$4.17B
$197M 1.86%
977,397
-5,301
-0.5% -$1.02M
2019 Q1
26 quarters
ALSN icon
18
Allison Transmission
ALSN
$9.1B
$193M 1.82%
2,210,926
-17,778
-0.8% -$1.58M
2014 Q4
43 quarters
MDLZ icon
19
Mondelez International
MDLZ
$78.4B
$178M 1.68%
2,898,948
-49,319
-2% -$3.18M
2023 Q1
10 quarters
COR icon
20
Cencora
COR
$63B
$175M 1.65%
599,753
-10,725
-2% -$3.16M
2013 Q2
49 quarters
ROST icon
21
Ross Stores
ROST
$72.3B
$172M 1.63%
1,170,458
-20,836
-2% -$2.98M
2022 Q2
13 quarters
EA icon
22
DELISTED
Electronic Arts
EA
$167M 1.58%
973,374
-17,083
-2% -$2.83M
2021 Q2
17 quarters
PAG icon
23
Penske Automotive Group
PAG
$12.6B
$163M 1.54%
885,860
-4,496
-0.5% -$801K
2013 Q2
49 quarters
NWSA icon
24
News Corp Class A
NWSA
$15.9B
$160M 1.51%
5,454,879
-97,739
-2% -$2.9M
2018 Q3
28 quarters
CME icon
25
CME Group
CME
$101B
$153M 1.45%
575,337
-11,427
-2% -$3.11M
2023 Q2
9 quarters
1
2 3 4 5

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SIG
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PFPT
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CCM
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WKKFT
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LNWWM
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Burgundy Asset Management's Q3 2025 Portfolio in Review

As of Q3 2025, Burgundy Asset Management held 112 positions worth $10.6B, up 3.2% from $10.3B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Burgundy Asset Management's Q3 2025 filing shows 3 new, 18 increased, 74 reduced and 3 closed positions. Its largest new stake was Danaher: 236,772 shares worth $48.7M. The largest sale was Sysco, an estimated $63.8M.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Consumer Discretionary and Industrials.

  • Burgundy Asset Management's largest Q3 2025 buy was Danaher: 236,772 shares worth $48.7M.
  • Burgundy Asset Management added most to US Foods in Q3 2025, an estimated $60.8M increase.
  • Burgundy Asset Management's biggest Q3 2025 reduction was Sysco, cutting an estimated $63.8M.
  • Burgundy Asset Management fully exited HDFC Bank in Q3 2025, selling an estimated $15M.
  • Burgundy Asset Management's ten largest holdings make up 27% of its $10.6B portfolio in Q3 2025.
  • Burgundy Asset Management opened 3 new positions and closed 3 in Q3 2025.
  • Burgundy Asset Management's portfolio value rose 3.2% quarter-over-quarter to $10.6B.

Based on Burgundy Asset Management's 13F filing for Q3 2025, filed 12 Nov 2025.