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: SEPTEMBER 30, 2010 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, BROOKFIELD 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: FRANCA DEBARTOLO Title VICE PRESIDENT & CCO Phone: (416) 640-2678 Signature, Place, and Date of Signing: /s/ Franca DeBartolo Toronto, Ontario Canada November 10, 2010 ------------------------ ------------------------ ------------------------ [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: 107 Form 13F Information Table Value Total: 3,101,528 ___________ (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

VOTING AUTHORITY TITLE OF SHRS OR INVESTMENT OTHER ------------------- CLASS CUSIP VALUE (x1000) PRN AMT SH/PRN PUT/CALL DISCRETION MANAGERS SOLE SHARED NONE NAME OF ISSUER --------- ----------- ------------- ------- ------ -------- ---------- -------- ------- ------ ---- 3M Co.................... COM 88579Y 10 1 19364 223319 SH SOLE 223319 Abbott Laboratories...... COM 002824 10 0 27503 526470 SH SOLE 526470 Activision Blizzard Inc.. COM 00507V 10 9 21080 1948208 SH SOLE 1948208 Altria Group Inc......... COM 02209S 10 3 22295 928178 SH SOLE 928178 AmerisourceBergen Corp.................... COM 03073E 10 8 32444 1058200 SH SOLE 1058200 Arbitron Inc............. COM 03875Q 10 8 24044 859636 SH SOLE 859636 Ares Capital Corp........ COM 04010L 10 3 44024 2813036 SH SOLE 2813036 Arthur J. Gallagher & Co...................... COM 363576 10 9 27075 1026719 SH SOLE 1026719 Artio Global Investors Inc..................... COM 04315B 10 7 2197 143623 SH SOLE 143623 Bank of Montreal......... COM 063671 10 1 578 10000 SH SOLE 10000 Bank of New York Mellon Corp............. COM 064058 10 0 26288 1006043 SH SOLE 1006043 Bank of Nova Scotia.................. COM 064149 10 7 90434 1695652 SH SOLE 1695652 Barrick Gold Corp........ COM 067901 10 8 397 8600 SH SOLE 8600 Baxter International Inc..................... COM 071813 10 9 62097 1301549 SH SOLE 1301549 Becton, Dickinson and Co...................... COM 075887 10 9 26545 358227 SH SOLE 358227 Berkshire Hathaway Inc..................... CL A 084670 10 8 30005 241 SH SOLE 241 Berkshire Hathaway Inc..................... CL B 084670 70 2 1527 18474 SH SOLE 18474 Bridgepoint Education Inc..................... COM 10807M 10 5 19473 1259567 SH SOLE 1259567 Brown & Brown Inc..................... COM 115236 10 1 34846 1725892 SH SOLE 1725892 Canadian National Railway Co.............. COM 136375 10 2 35392 553883 SH SOLE 553883 Canadian Natural Resources Ltd........... COM 136385 10 1 80435 2327295 SH SOLE 2327295 Canadian Pacific Railway Ltd............. COM 13645T 10 0 101526 1663174 SH SOLE 1663174 Cenovus Energy Inc..................... COM 15135U 10 9 101219 3522531 SH SOLE 3522531 Citigroup Inc............ COM 172967 10 1 780 200000 SH SOLE 200000 Copart, Inc.............. COM 217204 10 6 17212 522057 SH SOLE 522057 Corporate Executive Board Co................ COM 21988R 10 2 30794 975720 SH SOLE 975720 Corus Entertainment COM CL Inc..................... B NON VTG 220874 10 1 97452 4645958 SH SOLE 4645958 CoStar Group Inc......... COM 22160N 10 9 8038 165016 SH SOLE 165016 DealerTrack Holdings Inc..................... COM 242309 10 2 20004 1171180 SH SOLE 1171180 Dentsply International Inc..................... COM 249030 10 7 16924 529360 SH SOLE 529360 Dollar Financial Corp.................... COM 256664 10 3 25310 1212744 SH SOLE 1212744 Dress Barn Inc........... COM 261570 10 5 238 10000 SH SOLE 10000 Dun & Bradstreet Corp.................... COM 26483E 10 4 1879 25350 SH SOLE 25350 Eaton Vance Floating- Rate Income Trust................... COM 278279 10 4 3610 229529 SH SOLE 229529 EchoStar Corp............ CL A 278768 10 6 32924 1725559 SH SOLE 1725559 Enbridge Inc............. COM 29250N 10 5 296 5660 SH SOLE 5660 EnCana Corp.............. COM 292505 10 4 112628 3730440 SH SOLE 3730440 Equifax Inc.............. COM 294429 10 5 79177 2537721 SH SOLE 2537721 Expedia Inc.............. COM 30212P 10 5 63237 2241653 SH SOLE 2241653 Exxon Mobil Corp......... COM 30231G 10 2 15780 255382 SH SOLE 255382 FirstService Corp........ SUB VTG SH 33761N 10 9 33871 1414405 SH SOLE 1414405 General Electric Co...... COM 369604 10 3 813 50000 SH SOLE 50000 Gilead Sciences, Inc..................... COM 375558 10 3 24982 701540 SH SOLE 701540 Gladstone Investment Corp.................... COM 376546 10 7 13060 1949265 SH SOLE 1949265 Graco Inc................ COM 384109 10 4 12233 385546 SH SOLE 385546 HCC Insurance Holdings Inc............ COM 404132 10 2 21964 841856 SH SOLE 841856 Hilltop Holdings Inc..................... COM 432748 10 1 17761 1853996 SH SOLE 1853996 IAC/InterActiveCorp...... COM 44919P 50 8 36419 1386325 SH SOLE 1386325 Iconix Brand Group Inc..................... COM 451055 10 7 39955 2283133 SH SOLE 2283133 iShares iBoxx High Yield Corporate Bond Fund............... COM 464288 51 3 3496 38981 SH SOLE 38981 ITT Educational Services, Inc........... COM 45068B 10 9 14992 213351 SH SOLE 213351 Johnson & Johnson Inc..................... COM 478160 10 4 49918 805642 SH SOLE 805642 Kayne Anderson Energy Development Co...................... COM 48660Q 10 2 11410 710924 SH SOLE 710924 Kimberly-Clark Corp.................... COM 494368 10 3 28814 442944 SH SOLE 442944 Kraft Foods Inc.......... COM 50075N 10 4 463 15000 SH SOLE 15000 Laboratory Corporation of America Holdings................ COM 50540R 40 9 4497 57335 SH SOLE 57335 Lender Processing Services Inc............ COM 52602E 10 2 39422 1186347 SH SOLE 1186347 Lockheed Martin Corp.................... COM 539830 10 9 16508 231592 SH SOLE 231592 LoJack Corporation....... COM 539451 10 4 255 66794 SH SOLE 66794 Lorillard Inc............ COM 544147 10 1 16748 208537 SH SOLE 208537 M&T Bank Corp............ COM 55261F 10 4 267 3259 SH SOLE 3259 Madison Square Garden Inc.............. COM 55826P 10 0 40037 1899289 SH SOLE 1899289 MarketAxess Holdings Inc..................... COM 57060D 10 8 47471 2795707 SH SOLE 2795707 McCormick & Co., Inc..................... COM 579780 20 6 19922 473880 SH SOLE 473880 McDonald's Corp.......... COM 580135 10 1 1375 18456 SH SOLE 18456 McGraw-Hill Companies, Inc.......... COM 580645 10 9 296 8960 SH SOLE 8960 Merck & Co., Inc......... COM 58933Y 10 5 1182 32120 SH SOLE 32120 Microsoft Corp........... COM 594918 10 4 51905 2119430 SH SOLE 2119430 Monsanto Co.............. COM 61166W 10 1 22434 468054 SH SOLE 468054 Moody's Corp............. COM 615369 10 5 4088 163660 SH SOLE 163660 Move Inc................. COM 62458M 10 8 13878 6223439 SH SOLE 6223439 MSCI Inc................. COM 55354G 10 0 20639 621475 SH SOLE 621475 NGP Capital Resources Co...................... COM 62912R 10 7 8921 984658 SH SOLE 984658 Nutraceutical International Corp.................... COM 67060Y 10 1 12728 811201 SH SOLE 811201 Omnicom Group Inc..................... COM 681919 10 6 1593 40362 SH SOLE 40362 Oracle Corp.............. COM 68389X 10 5 52182 1943446 SH SOLE 1943446 Patterson-UTI Energy Inc..................... COM 703481 10 1 2102 123094 SH SOLE 123094 Penn Millers Holdings Corp.................... COM 707561 10 6 294 19857 SH SOLE 19857 Penske Auto Group Inc..................... COM 70959W 10 3 22529 1706766 SH SOLE 1706766 PepsiCo Inc.............. COM 713448 10 8 42779 643868 SH SOLE 643868 Pfizer Inc............... COM 717081 10 3 401 23329.3 SH SOLE 23329.3 Philip Morris International Inc....... COM 718172 10 9 48360 863267 SH SOLE 863267 Prestige Brands Holdings Inc............ COM 74112D 10 1 9538 964407 SH SOLE 964407 Procter & Gamble Co...................... COM 742718 10 9 22288 371658 SH SOLE 371658 Qualcomm Inc............. COM 747525 10 3 44677 989903 SH SOLE 989903 Ritchie Bros. Auctioneers Inc......... COM 767744 10 5 71553 3444996 SH SOLE 3444996 Rogers Communications Inc..................... CL B 775109 20 0 63168 1689106 SH SOLE 1689106 Royal Bank of Canada.................. COM 780087 10 2 87481 1681000 SH SOLE 1681000 Solera Holdings Inc...... COM 83421A 10 4 24630 557737 SH SOLE 557737 SPDR Barclays Capital High Yield Bond ETF..................... COM 78464A 41 7 3491 87261 SH SOLE 87261 Sun Life Financial Inc..................... COM 866796 10 5 42842 1638803 SH SOLE 1638803 Suncor Energy Inc........ COM 867224 10 7 29378 903041 SH SOLE 903041 Symantec Corp............ COM 871503 10 8 197 13023 SH SOLE 13023 TFS Financial Corp....... COM 87240R 10 7 8135 885157 SH SOLE 885157 Thomson Reuters Corp.................... COM 884903 10 5 159056 4234480 SH SOLE 4234480 Tim Hortons Inc.......... COM 88706M 10 3 132588 3642838 SH SOLE 3642838 Time Warner Inc.......... COM 887317 30 3 208 6800 SH SOLE 6800 Toronto-Dominion Bank.................... COM 891160 50 9 85096 1177008 SH SOLE 1177008 Ultra Petroleum Corp.................... COM 903914 10 9 26308 626677 SH SOLE 626677 United Technologies Corp.................... COM 913017 10 9 32477 455941 SH SOLE 455941 US Gold Corp............. COM 912023 20 7 50 10000 SH SOLE 10000 Viacom Inc............... CL A 92553P 10 2 432 10782 SH SOLE 10782 Wal-Mart Stores Inc..................... COM 931142 10 3 589 11000 SH SOLE 11000 Washington Post Co...................... CL B 939640 10 8 25097 62834 SH SOLE 62834 Wesco Financial Corp.................... COM 950817 10 6 2764 7717 SH SOLE 7717 Western Union Co......... COM 959802 10 9 51819 2932615 SH SOLE 2932615 Yahoo! Inc............... COM 984332 10 6 17636 1244622 SH SOLE 1244622 TOTAL 3101528 COUNT 107