13F-HR 1 b13f42272.txt HOLDING REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2004 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-____________ 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: B. Mark Riden Title: Vice President and Chief Financial Officer Phone: (416) 861-2400 Signature, Place, and Date of Signing: /s/ B. Mark Riden ___________________ Toronto, Ontario, Canada February 11, 2005 [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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: NONE Form 13F Information Table Entry Total: 76 Form 13F Information Table Value Total: 1,631,617 ----------- (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. NONE FORM 13F INFORMATION TABLE - DECEMBER 13, 2004

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 Title of Market Total Investment Other Voting Name of Issuer Class Cusip Value Shares Discretion Managers Authority (x$1000) ---------------------------------------------------------------------------------------------------------------------------------- Abercrombie & Fitch Co. CL A 002896 20 7 33,711 718,030 SH SOLE 718,030 Affiliated Computer Services Inc. CL A 008190 10 0 44,677 742,270 SH SOLE 742,270 Altria Group Inc. COM 02209S103 43,913 719,014 SH SOLE 719,014 Apria Healthcare Group Inc. COM 037933 10 8 39,432 923,600 SH SOLE 923,600 Automatic Data Processing Inc. COM 053015 10 3 34,781 784,249 SH SOLE 784,249 AutoNation Inc. COM 05329W102 38 2,000 SH SOLE 2,000 Belo Corp COM SER A 080555 10 5 33 1,275 SH SOLE 1,275 Berkshire Hathaway Inc. CL A 084670 10 8 34,544 393 SH SOLE 393 Berkshire Hathaway Inc. CL B 084670 20 7 736 251 SH SOLE 251 Briggs & Stratton Corporation COM 109043 10 9 24,320 584,900 SH SOLE 584,900 CEC Entertainment Inc. COM 125137 10 9 15,352 384,110 SH SOLE 384,110 Cardinal Health Inc. COM 14149Y108 59,271 1,019,290 SH SOLE 1,019,290 Chattem Inc. COM 162456 10 7 21,272 642,670 SH SOLE 642,670 CINTAS CORP COM 172908 10 5 210 4,800 SH SOLE 4,800 COMCAST CORP CL A SPL 20030N200 - 2 SH SOLE 2 Corinthian Colleges Inc. COM 218868 10 7 24,764 1,314,120 SH SOLE 1,314,120 Dentsply International Inc. COM 249030 10 7 27,121 482,584 SH SOLE 482,584 Digital Theater Systems Inc. COM 25389G102 23,068 1,145,952 SH SOLE 1,145,952 FTI Consulting, Inc. COM 302941 10 9 20,629 979,100 SH SOLE 979,100 Fidelity National Financial, Inc. COM 316326 10 7 55 1,210 SH SOLE 1,210 First Data Corporation COM 319963 10 4 43,332 1,018,637 SH SOLE 1,018,637 Furniture Brands International Inc. COM 360921 10 0 26,149 1,043,900 SH SOLE 1,043,900 Arthur J. Gallagher & Co. COM 363576 10 9 7,104 218,600 SH SOLE 218,600 Gannett Co., Inc. COM 364730 10 1 25,486 311,950 SH SOLE 311,950 Global Imaging Systems, Inc. COM 37934A100 35,182 890,700 SH SOLE 890,700 Golden West Financial Corporation COM 381317 10 6 49,934 813,000 SH SOLE 813,000 Gray Television Inc. COM 389375 10 6 7,843 506,000 SH SOLE 506,000 Guidant Corporation COM 401698 10 5 36,301 503,484 SH SOLE 503,484 HCC Insurance Holdings Inc. COM 404132 10 2 25,909 782,300 SH SOLE 782,300 Hilb Rogal & Hobbs Co. COM 431294 10 7 31,583 871,500 SH SOLE 871,500 Home Depot Inc. COM 437076 10 2 35,657 834,294 SH SOLE 834,294 infoUSA Inc. COM 456818 30 1 26,068 2,329,624 SH SOLE 2,329,624 Interactive Data Corporation COM 45840J107 41,815 1,923,440 SH SOLE 1,923,440 International Speedway Corporation CL A 460335 20 1 10,491 198,704 SH SOLE 198,704 Jackson Hewitt Tax Service Inc. COM 468202 10 6 1,595 63,200 SH SOLE 63,200 Johnson & Johnson COM 478160 10 4 53,182 838,570 SH SOLE 838,570 K-Swiss Inc. CL A 482686 10 2 25,036 859,784 SH SOLE 859,784 KRAFT FOODS INC CL A 50075N104 35 1,000 SH SOLE 1,000 Laboratory Corporation of America Holdings COM NEW 50540R409 35 705 SH SOLE 705 Liberty Media Corporation COM SER A 530718 10 5 41,057 3,739,281 SH SOLE 3,739,281 Liz Claiborne, Inc. COM 539320 10 1 23 550 SH SOLE 550 M&T Bank Corporation COM 55261F104 40,391 374,554 SH SOLE 374,554 MIM Corporation COM 553044 10 8 13,177 2,071,920 SH SOLE 2,071,920 Macrovision Corporation COM 555904 10 1 18,461 717,805 SH SOLE 717,805 Marsh & McLennan Companies Inc. COM 571748 10 2 68,825 2,091,965 SH SOLE 2,091,965 McDonald's Corporation COM 580135 10 1 33,127 1,033,310 SH SOLE 1,033,310 Medtronic Inc. COM 585055 10 6 362 7,300 SH SOLE 7,300 Merck & Co., Inc. COM 589331 10 7 2,127 66,200 SH SOLE 66,200 NBTY Inc. COM 628782 10 4 28,866 1,202,255 SH SOLE 1,202,255 Nokia Corp. SPONSORED ADR 654902 20 4 5,511 351,700 SH SOLE 351,700 NU Skin Enterprises Inc. CL A 67018T105 22,174 873,700 SH SOLE 873,700 Nutraceutical International Corporation COM 67060Y101 14,110 915,668 SH SOLE 915,668 OmniVision Technologies Inc. COM 682128 10 3 18,168 990,105 SH SOLE 990,105 Paychex Inc. COM 704326 10 7 487 14,302 SH SOLE 14,302 Pfizer Inc. COM 717081 10 3 51,930 1,931,207 SH SOLE 1,931,207 Price T. Rowe Group COM 74144T108 108 1,750 SH SOLE 1,750 Priority Healthcare Corporation CL B 74264T102 17,241 792,000 SH SOLE 792,000 Quest Diagnostics Incorporated COM 74834L100 28,435 297,600 SH SOLE 297,600 RC2 Corporation COM 749388 10 4 37,557 1,152,060 SH SOLE 1,152,060 RLI Corp. COM 749607 10 7 14,960 359,895 SH SOLE 359,895 Renal Care Group Inc. COM 759930 10 0 21,930 609,350 SH SOLE 609,350 Rent-A-Center Inc. COM 76009N100 25 960 SH SOLE 960 Rewards Network Inc. COM 761557 10 7 14,560 2,080,000 SH SOLE 2,080,000 Safenet Inc. COM 78645R107 19,398 528,000 SH SOLE 528,000 Sara Lee Corporation COM 803111 10 3 33,018 1,367,810 SH SOLE 1,367,810 School Specialty Inc. COM 807863 10 5 17,699 459,013 SH SOLE 459,013 E.W. Scripps Company CL A 811054 20 4 25,280 523,618 SH SOLE 523,618 Select Comfort Corporation COM 81616X103 10,315 575,000 SH SOLE 575,000 Stratasys, Inc. COM 862685 10 4 22,146 659,900 SH SOLE 659,900 SunGard Data Systems Inc. COM 867363 10 3 39 1,385 SH SOLE 1,385 Tempur-Pedic International Inc. COM 88023U101 16,370 772,200 SH SOLE 772,200 Time Warner Inc. COM 887317 10 5 47,578 2,447,444 SH SOLE 2,447,444 UST Inc. COM 902911 10 6 457 9,500 SH SOLE 9,500 United Auto Group Inc. COM 909440 10 9 20,301 686,100 SH SOLE 686,100 Wendy's International Inc. COM 950590 10 9 43 1,100 SH SOLE 1,100 Yankee Candle Company Inc. COM 984757 10 4 33,807 1,018,925 SH SOLE 1,018,925