13F-HR 1 burg_10892.txt HOLDINGS REPORT 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, 2005 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 November 9, 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 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: 88 Form 13F Information Table Value Total: 2,142,106 ----------- (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 FORM 13F INFORMATION TABLE - SEPTEMBER 30, 2005

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 Decision Managers Authority (x$1000) ---------------------------------------------------------------------------------------------------------------------------------- Abercrombie & Fitch Co. CL A 002896 20 7 19737 395920 SH SOLE 395920 ACE Cash Express, Inc. COM 004403 10 1 19752 1012400 SH SOLE 1012400 Affiliated Computer Services Inc. CL A 008190 10 0 63616 1165120 SH SOLE 1165120 Altria Group Inc. COM 02209S103 64787 878949 SH SOLE 878949 ANHEUSER BUSCH COS COM 035229 10 3 34 800 SH SOLE 800 Apria Healthcare Group Inc. COM 037933 10 8 27075 848470 SH SOLE 848470 AutoNation Inc. COM 05329W102 1768 88550 SH SOLE 88550 Belo Corp. COM SER A 080555 10 5 1293 56560 SH SOLE 56560 Berkshire Hathaway Inc. CL A 084670 10 8 41656 508 SH SOLE 508 Berkshire Hathaway Inc. CL B 084670 20 7 929 340 SH SOLE 340 Bioscrip Inc. COM 09069N108 14753 2269620 SH SOLE 2269620 Boston Scientific Corporation COM 101137 10 7 50832 2175100 SH SOLE 2175100 Briggs & Stratton Corporation COM 109043 10 9 30448 880260 SH SOLE 880260 Cardinal Health Inc. COM 14149Y108 94247 1485615 SH SOLE 1485615 Career Education Corporation COM 141665 10 9 1134 31890 SH SOLE 31890 Citigroup Financial Canada Inc. COM 172967 10 1 73 1600 SH SOLE 1600 COMCAST CORP CL A SPL 20030N200 0 2 SH SOLE 2 CONAGRA FOODS INC COM 205887 10 2 50 2000 SH SOLE 2000 Corinthian Colleges Inc. COM 218868 10 7 27802 2095100 SH SOLE 2095100 Digital Theater Systems Inc. COM 23335C101 26707 1585952 SH SOLE 1585952 Deckers Outdoor Corporation COM 243537 10 7 25576 1063000 SH SOLE 1063000 WALT DISNEY CO COM 254687 10 6 48 2000 SH SOLE 2000 Discovery Holding Class A CL A 25468Y107 4704 326017 SH SOLE 326017 Dollar Financial Corporation COM 256664 10 3 5405 451200 SH SOLE 451200 E*TRADE Financial Corporation COM 269246 10 4 2245 127570 SH SOLE 127570 EMERSON ELEC CO COM 291011 10 4 72 1000 SH SOLE 1000 Federated Investors Inc. CL B 314211 10 3 1738 52300 SH SOLE 52300 Fidelity National Financial, Inc. COM 316326 10 7 1570 35260 SH SOLE 35260 First Data Corporation COM 319963 10 4 47991 1199772 SH SOLE 1199772 Furniture Brands International Inc. COM 360921 10 0 24534 1360750 SH SOLE 1360750 Arthur J. Gallagher & Co. COM 363576 10 9 19636 681570 SH SOLE 681570 Gannett Co., Inc. COM 364730 10 1 25645 372581 SH SOLE 372581 Gladstone Investment Corporation COM 376546 10 7 22099 1505373 SH SOLE 1505373 Global Imaging Systems, Inc. COM 37934A100 39726 1166690 SH SOLE 1166690 Golden West Financial Corporation COM 381317 10 6 47684 802890 SH SOLE 802890 Greenfield Online Inc COM 395150 10 5 13046 2398100 SH SOLE 2398100 HCC Insurance Holdings Inc. COM 404132 10 2 43314 1518200 SH SOLE 1518200 HEWLETT PACKARD CO COM 428236 10 3 88 3000 SH SOLE 3000 Home Depot Inc. COM 437076 10 2 52719 1382244 SH SOLE 1382244 Hudson City Bancorp Inc. COM 443683 10 7 73127 6145120 SH SOLE 6145120 IVCI CORP CL B 450704 10 1 0 10000 SH SOLE 10000 infoUSA Inc. COM 456818 30 1 21277 2003524 SH SOLE 2003524 INTEL CORP COM 458140 10 0 49 2000 SH SOLE 2000 Interactive Data Corporation COM 45840J107 55429 2447200 SH SOLE 2447200 Interpublic Group of Companies, Inc. COM 460690 10 0 44404 3814790 SH SOLE 3814790 J P MORGAN CHASE&CO COM 46625H100 68 2000 SH SOLE 2000 Jackson Hewitt Tax Service Inc. COM 468202 10 6 32290 1350500 SH SOLE 1350500 Johnson & Johnson COM 478160 10 4 49890 788396 SH SOLE 788396 KKR Financial Corp. REIT 482476 30 6 4448 200000 SH SOLE 200000 K-Swiss Inc. CL A 482686 10 2 32610 1102804 SH SOLE 1102804 Kimberly-Clark Corporation COM 494368 10 3 36 600 SH SOLE 600 Laboratory Corporation of America Holdings COM 50540R409 1525 31300 SH SOLE 31300 Liberty Media Corporation COM SER A 530718 10 5 24227 3009582 SH SOLE 3009582 Liz Claiborne, Inc. COM 539320 10 1 1601 40720 SH SOLE 40720 M&T Bank Corporation COM 55261F104 35426 335124 SH SOLE 335124 Macrovision Corporation COM 555904 10 1 23981 1255550 SH SOLE 1255550 Marsh & McLennan Companies Inc. COM 571748 10 2 91953 3025760 SH SOLE 3025760 McDonald's Corporation COM 580135 10 1 52214 1559100 SH SOLE 1559100 Merck & Co., Inc. COM 589331 10 7 1801 66200 SH SOLE 66200 Merit Medical Systems, Inc. COM 589889 10 4 28858 1626733 SH SOLE 1626733 Metrologic Instruments, Inc. COM 591676 10 1 36422 2002300 SH SOLE 2002300 NBTY Inc. COM 628782 10 4 34128 1452270 SH SOLE 1452270 Nokia Corp. SPONSORED ADR 654902 20 4 9130 539900 SH SOLE 539900 NU Skin Enterprises Inc. CL A 67018T105 21834 1146160 SH SOLE 1146160 Nutraceutical International Corporation COM 67060Y101 16132 1134490 SH SOLE 1134490 Pfizer Inc. COM 717081 10 3 52248 2092442 SH SOLE 2092442 Price T. Rowe Group COM 74144T108 29 450 SH SOLE 450 Quest Diagnostics Incorporated COM 74834L100 24680 488330 SH SOLE 488330 RC2 Corporation COM 749388 10 4 47033 1393160 SH SOLE 1393160 RLI Corp. COM 749607 10 7 21938 474235 SH SOLE 474235 Renal Care Group Inc. COM 759930 10 0 38 800 SH SOLE 800 Rent-A-Center Inc. COM 76009N100 729 37765 SH SOLE 37765 Rewards Network Inc. COM 761557 10 7 17179 2515300 SH SOLE 2515300 Safenet Inc. COM 78645R107 31154 858000 SH SOLE 858000 School Specialty Inc. COM 807863 10 5 25356 519794 SH SOLE 519794 E.W. Scripps Company CL A 811054 20 4 26598 532288 SH SOLE 532288 Select Comfort Corporation COM 81616X103 20578 1029950 SH SOLE 1029950 Stratasys, Inc. COM 862685 10 4 22661 763000 SH SOLE 763000 Tempur-Pedic International Inc. COM 88023U101 34047 2875620 SH SOLE 2875620 3M Co. COM 88579Y101 49302 672050 SH SOLE 672050 Time Warner Inc. COM 887317 10 5 55687 3074929 SH SOLE 3074929 UST INC. COM 902911 10 6 209 5000 SH SOLE 5000 United Auto Group Inc. COM 909440 10 9 29567 894880 SH SOLE 894880 Wal-Mart Stores, Inc. COM 931142 10 3 44635 1018600 SH SOLE 1018600 Wendy's International Inc. COM 950590 10 9 1976 43770 SH SOLE 43770 Wesco Financial Corporation COM 950817 10 6 34 100 SH SOLE 100 Wyeth COM 983024 10 0 43175 933100 SH SOLE 933100 Yankee Candle Company Inc. COM 984757 10 4 35858 1463580 SH SOLE 1463580