13F-HR 1 d13fhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2009 Check here if Amendment [_]; Amendment Number: ________ This Amendment (Check only one.): [_] is a restatement. [_] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Burgundy Asset Management Ltd Address: 181 Bay Street, Suite 4510 Bay Wellington Tower Toronto, Ontario M5J 2T3 Form 13F File Number: 28-11129 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Franca DeBartolo Title: Vice President Phone: (416) 640-2678 Signature, Place, and Date of Signing: /s/ Franca DeBartolo Toronto, Ontario Canada May 12, 2009 --------------------------------- ----------------------- ----------------- [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [_] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reportingmanager(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager:[If there are no entries in this list, omit this section.] Form 13F File Number Name 28- ------------------ -------------------------------------- [Repeat as necessary.] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: NONE Form 13F Information Table Entry Total: 100 Form 13F Information Table Value Total: 1,758,243 ----------- (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] NONE

TITLE VOTING AUTHORITY OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ----------------------- NAME OF ISSUER CLASS CUSIP (x1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE --------------------------------- ------- ----------- ------- ------- --- ---- ---------- -------- --------- ------ ---- 3M Co. COM 88579Y 10 1 17480 351561 SH SOLE 351561 Abbott Laboratories COM 002824 10 0 10222 214301 SH SOLE 214301 Altria Group Inc. COM 02209S 10 3 17628 1100360 SH SOLE 1100360 AmerisourceBergen Corp COM 03073E 10 8 29670 908457 SH SOLE 908457 Ares Capital Corp. COM 04010L 10 3 11925 2463843 SH SOLE 2463843 Arthur J. Gallagher & Co. COM 363576 10 9 5534 325545 SH SOLE 325545 Asbury Automotive Group Inc. COM 043436 10 4 6789 1575289 SH SOLE 1575289 Automatic Data Processing, Inc. COM 053015 10 3 11178 317932 SH SOLE 317932 Bank of Montreal COM 063671 10 1 997 38200 SH SOLE 38200 Bank of Nova Scotia COM 064149 10 7 51921 2117514 SH SOLE 2117514 Bare Escentuals Inc. COM 067511 10 5 12917 3150469 SH SOLE 3150469 Becton, Dickinson and Co. COM 075887 10 9 21979 326871 SH SOLE 326871 Berkshire Hathaway Inc. CL A 084670 10 8 23756 274 SH SOLE 274 Berkshire Hathaway Inc. CL B 084670 20 7 998 354 SH SOLE 354 Brown & Brown Inc. COM 115236 10 1 24276 1283775 SH SOLE 1283775 Canadian Natural Resources Ltd. COM 136385 10 1 42969 1114338 SH SOLE 1114338 Citigroup Inc. COM 172967 10 1 253 100000 SH SOLE 100000 Copart, Inc. COM 217204 10 6 10588 356967 SH SOLE 356967 Corel Corp. COM 21869X 10 3 1489 832010 SH SOLE 832010 Corporate Executive Board Co. COM 21988R 10 2 16259 1121299 SH SOLE 1121299 Corus Entertainment Inc. CL B 220874 10 1 63042 5875349 SH SOLE 5875349 CoStar Group Inc. COM 22160N 10 9 7350 242983 SH SOLE 242983 DealerTrack Holdings Inc. COM 242309 10 2 22639 1728175 SH SOLE 1728175 Deckers Outdoor Corp. COM 243537 10 7 11816 222779 SH SOLE 222779 Dentsply International Inc. COM 249030 10 7 19294 718581 SH SOLE 718581 Dollar Financial Corp. COM 256664 10 3 10987 1154096 SH SOLE 1154096 Double-Take Software Inc. COM 258598 10 1 11894 1759514 SH SOLE 1759514 Dun & Bradstreet Corp. COM 26483E 10 0 1639 21285 SH SOLE 21285 Eaton Vance Credit Opportunities Fund COM 278271 10 1 50 11900 SH SOLE 11900 Eaton Vance Floating-Rate Income Trust COM 278279 10 4 1210 146455 SH SOLE 146455 EchoStar Corp. CL A 278768 10 6 13616 918155 SH SOLE 918155 Emerson Electric Co. COM 291011 10 4 16456 575797 SH SOLE 575797 Enbridge Inc. COM 29250N 10 5 163 5660 SH SOLE 5660 EnCana Corp. COM 292505 10 4 84577 2082670 SH SOLE 2082670 Equifax Inc. COM 294429 10 5 51647 2112348 SH SOLE 2112348 Expedia Inc. COM 30212P 10 5 26176 2882864 SH SOLE 2882864 Exxon Mobil Corp. COM 30231G 10 2 25127 368965 SH SOLE 368965 Fairfax Financial Holdings Ltd. SUB VTG 303901 10 2 2058 7900 SH SOLE 7900 FirstService Corp., Subordinate Voting SUB VTG 33761N 10 9 14003 1703472 SH SOLE 1703472 Franklin Resources, Inc. COM 354613 10 1 292 5412 SH SOLE 5412 General Electric Co. COM 369604 10 3 404 40000 SH SOLE 40000 Gladstone Investment Corp. COM 376546 10 7 7407 1938894 SH SOLE 1938894 Graco Inc. COM 384109 10 4 18612 1090362 SH SOLE 1090362 H&R Block Inc. COM 093671 10 5 37072 2038049 SH SOLE 2038049 HCC Insurance Holdings Inc. COM 404132 10 2 33065 1312616 SH SOLE 1312616 IAC/InterActiveCorp COM 44919P 50 8 16148 1060280 SH SOLE 1060280 Infogroup Inc. COM 45670G 10 8 8775 2109434 SH SOLE 2109434 Interactive Data Corp. COM 45840J 10 7 31539 1268663 SH SOLE 1268663 Interval Leisure Group Inc. COM 46113M 10 8 171 32280 SH SOLE 32280 iShares iBoxx High Yield Corporate Bond Fund COM 464288 51 3 1963 29296 SH SOLE 29296 IVCI CORP CL B 450704 10 1 0 10000 SH SOLE 10000 Johnson & Johnson COM 478160 10 4 37938 721264 SH SOLE 721264 Kayne Anderson Energy Development Co. COM 48660Q 10 2 7503 803350 SH SOLE 803350 Laboratory Corporation of America Holdings COM 50540R 40 9 3090 52824 SH SOLE 52824 Lender Processing Services Inc. COM 52602E 10 2 28471 930125 SH SOLE 930125 Lockheed Martin Corp. COM 539830 10 9 18686 270698 SH SOLE 270698 Lorillard Inc. COM 544147 10 1 44367 718616 SH SOLE 718616 Manulife Financial Corp. COM 56501R 10 6 349 31200 SH SOLE 31200 MarketAxess Holdings Inc. COM 57060D 10 8 19982 2615389 SH SOLE 2615389 McCormick & Co., Inc. COM 579780 20 6 9469 320238 SH SOLE 320238 McDonald's Corp. COM 580135 10 1 21942 402087 SH SOLE 402087 Merck & Co., Inc. COM 589331 10 7 1037 38773 SH SOLE 38773 Microsoft Corp. COM 594918 10 4 40150 2185644 SH SOLE 2185644 Monsanto Co. COM 61166W 10 1 13245 159382 SH SOLE 159382 Moody's Corp. COM 615369 10 5 20719 903959 SH SOLE 903959 Move Inc. COM 62458M 10 8 10639 7337515 SH SOLE 7337515 MSCI Inc. COM 55354G 10 0 2497 147654 SH SOLE 147654 NGP Capital Resources Co. COM 62912R 10 7 4734 952508 SH SOLE 952508 Nike, Inc. CL B 654106 10 3 12862 274291 SH SOLE 274291 Nutraceutical International Corp. COM 67060Y 10 1 5208 777280 SH SOLE 777280 Omnicom Group Inc. COM 681919 10 6 37176 1588730 SH SOLE 1588730 OptiSolar Inc. Junior Preferred A-7 Stock Purchase Agreement COM 996254 37 1 99 36000 SH SOLE 36000 Oracle Corporation COM 68389X 10 5 36931 2043754 SH SOLE 2043754 Patterson-UTI Energy Inc. COM 703481 10 1 1928 215159 SH SOLE 215159 Pepsico Incorporated COM 713448 10 8 33733 655258 SH SOLE 655258 Petro-Canada COM 71644E 10 2 59259 2208254 SH SOLE 2208254 Pfizer Inc. COM 717081 10 3 272 20000 SH SOLE 20000 Philip Morris International Inc. COM 718172 10 9 16895 474833 SH SOLE 474833 Prestige Brands Holdings Inc. COM 74112D 10 1 4356 840990 SH SOLE 840990 Procter & Gamble Co. COM 742718 10 9 20929 444452 SH SOLE 444452 Ritchie Bros. Auctioneers Inc. COM 767744 10 5 11511 619200 SH SOLE 619200 Rogers Communications Inc. CL B 775109 20 0 35252 1544088 SH SOLE 1544088 Royal Bank of Canada COM 780087 10 2 1475 51000 SH SOLE 51000 SPDR Barclays Capital High Yield Bond ETF COM 78464A 41 7 2026 69921 SH SOLE 69921 Starwood Hotels & Resorts Worldwide Inc. COM 85590A 40 1 10454 823129 SH SOLE 823129 Sun Life Financial Inc. COM 866796 10 5 59696 3342421 SH SOLE 3342421 TFS Financial Corp. COM 87240R 10 7 22034 1816504 SH SOLE 1816504 The McGraw-Hill Companies, Inc. COM 580645 10 9 2422 105916 SH SOLE 105916 Thomson Reuters Corp. COM 884903 10 5 634 24985 SH SOLE 24985 TICC Capital Corp. COM 87244T 10 9 218 62300 SH SOLE 62300 Tim Hortons Inc. COM 88706M 10 3 70497 2778752 SH SOLE 2778752 Toronto-Dominion Bank COM 891160 50 9 69795 2018363 SH SOLE 2018363 Ultra Petroleum Corp. COM 903914 10 9 23211 646733 SH SOLE 646733 United Technologies Corp. COM 913017 10 9 21493 500072 SH SOLE 500072 US Gold Corp. COM 912023 20 7 20 10000 SH SOLE 10000 Viacom Inc. CL A 92553P 10 2 308 16482 SH SOLE 16482 Wal-Mart Stores Inc. COM 931142 10 3 261 5000 SH SOLE 5000 Walt Disney Co. COM 254687 10 6 17371 956568 SH SOLE 956568 Washington Post Co. CL B 939640 10 8 10695 29950 SH SOLE 29950 Western Union Co. COM 959802 10 9 26380 2098668 SH SOLE 2098668 Total 1758243 Count 100