13F-HR 1 d13fhr.txt FORM 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2006 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, BCE Place 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:. James Meadows Title: Vice President Phone: (416) 868-3570 Signature, Place, and Date of Signing: /s/ James Meadows Toronto, Ontario Canada July 10, 2006 ------------------------ ------------------------ ------------------------ [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 reporting manager(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: 81 Form 13F Information Table Value Total: 2,381,061 -------------- (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 Security Listing by Country Report - September 30, 2006

Title of Mkt Val. Investment Other Voting Name of Issuer Class Cusip (x$1000) Total Shrs Decision Managers Authority -------------- -------- ----------- ----------------- ---------- ---------- -------- --------- 3M Co. COM 88579Y101 57945 778620 SH SOLE 778620 Abbott Laboratories COM 002824 10 0 50762 1045349 SH SOLE 1045349 Abercrombie & Fitch Co. COM 002896 20 7 18062 259962 SH SOLE 259962 ACE Cash Express, Inc. COM 004403 10 1 25768 862088 SH SOLE 862088 Adesa, Inc. COM 00686U104 29575 1279737 SH SOLE 1279737 Altria Group, Inc. COM 02209S103 68752 898128 SH SOLE 898128 Ares Capital Corp. COM 04010L103 26135 1500303 SH SOLE 1500303 Arthur J. Gallagher & Co. COM 363576 10 9 17615 660468 SH SOLE 660468 AutoNation, Inc. COM 05329W102 4830 231100 SH SOLE 231100 Belo Corp. CL A 080555 10 5 2332 147500 SH SOLE 147500 Berkshire Hathaway Inc. CL B 084670 20 7 911 287 SH SOLE 287 Berkshire Hathaway Inc. CL A 084670 10 8 53935 563 SH SOLE 563 BioScrip Inc. COM 09069N108 5746 1902590 SH SOLE 1902590 Briggs & Stratton Corp. COM 109043 10 9 26932 977569 SH SOLE 977569 CBS Corp. CL A 124857 10 3 5890 208700 SH SOLE 208700 CBS Corp. CL B 124857 20 2 37999 1348922 SH SOLE 1348922 Dell Inc. COM 24702R101 97888 4285795 SH SOLE 4285795 Dollar Financial Corp. COM 256664 10 3 19679 901899 SH SOLE 901899 DTS, Inc. COM 23335C101 28502 1345717 SH SOLE 1345717 E.W. Scripps Co. CL A 811054 20 4 33270 694145 SH SOLE 694145 Entravision Communications Corp. CL A 29382R107 8287 1113900 SH SOLE 1113900 Equifax Inc. COM 294429 10 5 9662 263200 SH SOLE 263200 Expedia Inc. COM 30212P105 4085 260500 SH SOLE 260500 Federated Investors, Inc. CL B 314211 10 3 5670 167700 SH SOLE 167700 Fidelity National Financial, Inc. COM 316326 10 7 3834 92050 SH SOLE 92050 Fidelity National Title Group, Inc. CL A 31620R105 339 16177 SH SOLE 16177 First Data Corp. COM 319963 10 4 49650 1182131 SH SOLE 1182131 Fossil, Inc. COM 349882 10 0 20718 961830 SH SOLE 961830 Gladstone Investment Corp. COM 376546 10 7 18251 1250055 SH SOLE 1250055 Global Imaging Systems, Inc. COM 37934A100 46714 2116627 SH SOLE 2116627 Golden West Financial Corp. COM 381317 10 6 28463 368450 SH SOLE 368450 Greenfield Online, Inc. COM 395150 10 5 21306 2050670 SH SOLE 2050670 HCC Insurance Holdings Inc. COM 404132 10 2 44584 1355954 SH SOLE 1355954 Home Depot Inc. COM 437076 10 2 56437 1556015 SH SOLE 1556015 Hudson City Bancorp Inc. COM 443683 10 7 103154 7785215 SH SOLE 7785215 infoUSA Inc. COM 456818 30 1 15152 1825483 SH SOLE 1825483 Interactive Data Corporation COM 45840J107 42379 2124237 SH SOLE 2124237 International Speedway Corporation COM 460335 20 1 17781 356753 SH SOLE 356753 IVCI CORP CL B 450704 10 1 0 10000 SH SOLE 10000 Jackson Hewitt Tax Service Inc. COM 468202 10 6 30186 1005878 SH SOLE 1005878 Johnson & Johnson COM 478160 10 4 114645 1765402 SH SOLE 1765402 KKR Financial Corp. COM 482476 30 6 2761 112500 SH SOLE 112500 Laboratory Corporation of America Holdings COM 50540R409 5383 82100 SH SOLE 82100 Liz Claiborne, Inc. COM 539320 10 1 4320 109330 SH SOLE 109330 M&T Bank Corporation COM 55261F104 1200 10000 SH SOLE 10000 Macrovision Corporation COM 555904 10 1 12217 515702 SH SOLE 515702 Maidenform Brands, Incorporated COM 560305 10 4 11483 594991 SH SOLE 594991 McDonald's Corporation COM 580135 10 1 107000 2735170 SH SOLE 2735170 Merck & Co., Inc. COM 589331 10 7 2845 67900 SH SOLE 67900 Merit Medical Systems, Inc. COM 589889 10 4 18391 1354303 SH SOLE 1354303 Metrologic Instruments, Inc. COM 591676 10 1 29007 1597314 SH SOLE 1597314 Microsoft Corp. COM 594918 10 4 108073 3951475 SH SOLE 3951475 Motorola Inc. COM 620076 10 9 38706 1548253 SH SOLE 1548253 NBTY Inc. COM 628782 10 4 20864 712818 SH SOLE 712818 NGP Capital Resources Co. COM 62912R107 17814 1220973 SH SOLE 1220973 NU Skin Enterprises Inc. COM 67018T105 18411 1050841 SH SOLE 1050841 Nutraceutical International Corporation COM 67060Y101 12886 943306 SH SOLE 943306 Pfizer Inc. COM 717081 10 3 29722 1048024 SH SOLE 1048024 Priceline.com Incorporated COM 741503 40 3 27683 752468 SH SOLE 752468 Quest Diagnostics Incorporated COM 74834L100 42068 687837 SH SOLE 687837 Radio One Inc. CL D 75040P405 23199 3711780 SH SOLE 3711780 RC2 Corporation COM 749388 10 4 34169 1018765 SH SOLE 1018765 Realogy Corp. COM 75605E100 2318 102200 SH SOLE 102200 Rent-A-Center Inc. COM 76009N100 2893 98775 SH SOLE 98775 RLI Corp. COM 749607 10 7 22553 444036 SH SOLE 444036 Sabre Holding Corporation CL A 785905 10 0 5265 225100 SH SOLE 225100 Safenet Inc. COM 78645R107 19412 1067189 SH SOLE 1067189 School Specialty Inc. COM 807863 10 5 15248 432086 SH SOLE 432086 Speedway Motorsports Inc. COM 847788 10 6 25401 697626 SH SOLE 697626 Stratasys, Inc. COM 862685 10 4 16749 634193 SH SOLE 634193 TALX Corporation COM 874918 10 5 4398 179350 SH SOLE 179350 Tempur-Pedic International Inc. COM 88023U101 41929 2442001 SH SOLE 2442001 The Procter & Gamble Company COM 742718 10 9 49212 793999 SH SOLE 793999 Time Warner Inc. COM 887317 10 5 58941 3233187 SH SOLE 3233187 United Auto Group Inc. COM 909440 10 9 28457 1216114 SH SOLE 1216114 US GOLD CORP COM 912023 20 7 49 10000 SH SOLE 10000 VF Corp COM 918204 10 8 3626 49700 SH SOLE 49700 Wal-Mart Stores, Inc. COM 931142 10 3 104780 2124495 SH SOLE 2124495 Wells Fargo & Company COM 949746 10 1 52829 1460182 SH SOLE 1460182 Wyeth COM 983024 10 0 63981 1258477 SH SOLE 1258477 Yankee Candle Company Inc. COM 984757 10 4 40996 1400621 SH SOLE 1400621 $2,381,061,655.79 Count 81