Latest Burgundy Asset Management Ltd. Stock Portfolio

Burgundy Asset Management Ltd. Performance:

2025 Q3: 4.79%YTD: 6.55%2024: 13.03%

Performance for 2025 Q3 is 4.79%, and YTD is 6.55%, and 2024 is 13.03%.

About Burgundy Asset Management Ltd. and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, Burgundy Asset Management Ltd. reported an equity portfolio of $10.6 Billions as of 30 Sep, 2025.

The top stock holdings of Burgundy Asset Management Ltd. are SSNC, PRI, WTW. The fund has invested 4.3% of it's portfolio in SS&C TECHNOLOGIES HLDGS INC and 3.4% of portfolio in PRIMERICA INC.

The fund managers got completely rid off HDFC BANK LTD (HDB), EVERI HLDGS INC (EVRI) and LOWES COS INC (LOW) stocks. They significantly reduced their stock positions in NATIONAL VISION HLDGS INC (EYE), FULL TRUCK ALLIANCE CO LTD (YMM) and SYSCO CORP (SYY). Burgundy Asset Management Ltd. opened new stock positions in DANAHER CORPORATION (DHR), ALIGN TECHNOLOGY INC (ALGN) and CANADIAN PACIFIC KANSAS CITY (CP). The fund showed a lot of confidence in some stocks as they added substantially to MARKETAXESS HLDGS INC (MKTX), CARMAX INC (KMX) and KINDERCARE LEARNING COMPANIE.

Burgundy Asset Management Ltd. Annual Return Estimates Vs S&P 500

Our best estimate is that Burgundy Asset Management Ltd. made a return of 4.79% in the last quarter. In trailing 12 months, it's portfolio return was 7.46%.

New Buys

Ticker	$ Bought
danaher corporation	48,732,400
align technology inc	11,161,600
canadian pacific kansas city	271,080

New stocks bought by Burgundy Asset Management Ltd.

Additions

Ticker	% Inc.
marketaxess hldgs inc	67.05
carmax inc	62.84
kindercare learning companie	47.45
us foods hldg corp	34.67
cgi inc	27.27
atour lifestyle hldgs ltd	22.26
canadian natl ry co	19.29
landstar sys inc	19.25

Additions to existing portfolio by Burgundy Asset Management Ltd.

Reductions

Ticker	% Reduced
national vision hldgs inc	-89.96
full truck alliance co ltd	-61.21
sysco corp	-51.42
tencent music entmt group	-32.77
rogers communications inc	-20.16
openlane inc	-17.74
light & wonder inc	-16.66
emcor group inc	-16.3

Burgundy Asset Management Ltd. reduced stake in above stock

Sold off

Ticker	$ Sold
everi hldgs inc	-11,567,100
hdfc bank ltd	-15,023,900
lowes cos inc	-6,687,610

Burgundy Asset Management Ltd. got rid off the above stocks

Sector Distribution

Burgundy Asset Management Ltd. has about 18.1% of it's holdings in Consumer Cyclical sector.

Sector	%
Consumer Cyclical	18.1
Financial Services	15.8
Others	13.9
Industrials	12.4
Technology	9.9
Consumer Defensive	9.1
Communication Services	8.9
Healthcare	8.2
Basic Materials	2.1
Real Estate	1.4

Market Cap. Distribution

Burgundy Asset Management Ltd. has about 51.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	40.3
MID-CAP	32.2
UNALLOCATED	12.3
MEGA-CAP	11.3
SMALL-CAP	4

Stocks belong to which Index?

About 48.2% of the stocks held by Burgundy Asset Management Ltd. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	51.8
S&P 500	38.4
RUSSELL 2000	9.8

Top 5 Winners (%)		%
IBP	installed bldg prods inc	45.1 %
HLMN	hillman solutions corp	38.3 %
DHI	d r horton inc	31.5 %
GNRC	generac hldgs inc	29.3 %
GNTX	gentex corp	27.4 %

Top 5 Winners ($)		$
GNTX	gentex corp	48.0 M
EME	emcor group inc	47.7 M
KAR	openlane inc	45.8 M
AWI	armstrong world inds inc new	44.0 M
GOOG	alphabet inc	42.5 M

Top 5 Losers (%)		%
CARR	carrier global corporation	-11.9 %
MKTX	marketaxess hldgs inc	-11.4 %
CBZ	cbiz inc	-10.0 %
MDLZ	mondelez intl inc	-8.9 %
ALSN	allison transmission hldgs i	-8.1 %

Top 5 Losers ($)		$
MDLZ	mondelez intl inc	-17.6 M
ALSN	allison transmission hldgs i	-17.2 M
CBZ	cbiz inc	-16.7 M
MKTX	marketaxess hldgs inc	-16.4 M
CARR	carrier global corporation	-11.8 M

Burgundy Asset Management Ltd. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. has 109 stocks in it's portfolio. About 26.6% of the portfolio is in top 10 stocks. MDLZ proved to be the most loss making stock for the portfolio. GNTX was the most profitable stock for Burgundy Asset Management Ltd. last quarter.

Last Reported on: 12 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ABC	cencora inc	1.65	599,753	174,894,000	reduced	-1.76

ALGN	align technology inc	0.10	78,625	11,161,600	new

ALRM	alarm com hldgs inc	0.55	999,208	58,583,600	added	1.35

ALSN	allison transmission hldgs i	1.82	2,210,930	193,036,000	reduced	-0.8

AMH	american homes 4 rent	1.44	4,258,880	152,553,000	reduced	-0.5

AMZN	amazon com inc	1.44	665,179	152,326,000	reduced	-1.74

ATAT	atour lifestyle hldgs ltd	0.28	774,823	30,156,100	added	22.26

AWI	armstrong world inds inc new	2.43	1,313,680	257,178,000	reduced	-0.56

AZO	autozone inc	0.45	11,324	47,544,200	reduced	-1.9

BA	boeing co	0.19	85,000	19,947,800	unchanged	0.00

CABO	cable one inc	0.72	472,067	76,229,400	reduced	-0.56

CARR	carrier global corporation	0.72	1,165,420	75,985,600	reduced	-13.56

CBZ	cbiz inc	1.41	2,315,610	149,449,000	reduced	-0.24

CDW	cdw corp	0.00	2,627	432,825	unchanged	0.00

CME	cme group inc	1.45	575,337	153,333,000	reduced	-1.95

CP	canadian pacific kansas city	0.00	3,561	271,080	new

CPRT	copart inc	0.15	319,054	15,573,000	reduced	-2.47

CRL	charles riv labs intl inc	0.43	278,329	45,453,900	reduced	-0.66

CW	curtiss wright corp	0.01	1,783	852,541	unchanged	0.00

DHI	d r horton inc	0.56	350,704	59,437,300	reduced	-3.22