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, 2007 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 12, 2007 ------------------------ --------------------------- ------------------- [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: 85 Form 13F Information Table Value Total: 2,528,928 ---------- (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 Security Listing by Country Report - September 30, 2007

Market Value Investment Other Voting Name of Issuer Title of Class Cusip (x1000) Total Shares Decision Managers Authority -------------- -------------- ----------- ----------------- ------------ ---------- -------- --------- 3M Co. COM 88579Y101 34349 367051 SH SOLE 367051 Abercrombie & Fitch Co. COM 002896 20 7 19730 244480 SH SOLE 244480 Aflac Inc. COM 001055 10 2 44280 776304 SH SOLE 776304 Altria Group Inc. COM 02209S103 51082 734680 SH SOLE 734680 Apollo Group Inc. CL A 037604 10 5 7735 128600 SH SOLE 128600 Ares Capital Corp. COM 04010L103 23300 1432071 SH SOLE 1432071 Arthur J. Gallagher & Co. COM 363576 10 9 35072 1210634 SH SOLE 1210634 Asbury Automotive Group Inc. COM 043436 10 4 3398 171514 SH SOLE 171514 AutoNation Inc. COM 05329W102 4540 256200 SH SOLE 256200 Belo Corp. CL A 080555 10 5 2840 163600 SH SOLE 163600 Berkshire Hathaway Inc. CL A 084670 10 8 51552 435 SH SOLE 435 Berkshire Hathaway Inc. CL B 084670 20 7 1047 265 SH SOLE 265 BioScrip Inc. COM 09069N108 1205 187720 SH SOLE 187720 Brown & Brown Inc. COM 115236 10 1 37636 1431010 SH SOLE 1431010 Copart, Inc. COM 217204 10 6 37521 1091033 SH SOLE 1091033 Dollar Financial Corp. COM 256664 10 3 44960 1575895 SH SOLE 1575895 Dow Jones & Co., Inc. COM 260561 10 5 299 5000 SH SOLE 5000 DTS Inc. COM 23335C101 34254 1127890 SH SOLE 1127890 E.W. Scripps Co. CL A 811054 20 4 21868 520660 SH SOLE 520660 Emerson Electric Co. COM 291011 10 4 24071 452290 SH SOLE 452290 Entravision Communications Corp. CL A 29382R107 12917 1400951 SH SOLE 1400951 Equifax Inc. COM 294429 10 5 46451 1218536 SH SOLE 1218536 Expedia Inc. COM 30212P105 7632 239406 SH SOLE 239406 FedEx Corp. COM 31428X106 95689 913501 SH SOLE 913501 Fidelity National Information Services Inc. COM 31620M106 2419 54530 SH SOLE 54530 First American Corp. COM 318522 30 7 5108 139500 SH SOLE 139500 Fossil Inc. COM 349882 10 0 23993 642207 SH SOLE 642207 Getty Images Inc. COM 374276 10 3 35435 1272800 SH SOLE 1272800 Gladstone Investment Corp. COM 376546 10 7 14635 1139782 SH SOLE 1139782 Greenfield Online Inc. COM 395150 10 5 28433 1864470 SH SOLE 1864470 H&R Block Inc. COM 093671 10 5 104006 4910591 SH SOLE 4910591 HCC Insurance Holdings Inc. COM 404132 10 2 48448 1691624 SH SOLE 1691624 Hercules Offshore Inc. COM 427093 10 9 26989 1033675 SH SOLE 1033675 Hilb Rogal & Hobbs Company COM 431294 10 7 38557 889836 SH SOLE 889836 Hudson City Bancorp Inc. COM 443683 10 7 8127 528400 SH SOLE 528400 infoUSA Inc. COM 456818 30 1 26904 2896068 SH SOLE 2896068 Interactive Data Corp. COM 45840J107 55742 1976662 SH SOLE 1976662 International Speedway Corp. CL A 460335 20 1 25865 563997 SH SOLE 563997 IVCI CORP CL B 450704 10 1 0 10000 SH SOLE 10000 Jackson Hewitt Tax Service Inc. COM 468202 10 6 42040 1503572 SH SOLE 1503572 Johnson & Johnson COM 478160 10 4 134811 2051919 SH SOLE 2051919 Jupitermedia Corp. COM 48207D101 21034 3322953 SH SOLE 3322953 Kayne Anderson Energy Development Co. COM 48660Q102 24021 942721 SH SOLE 942721 Kohlberg Capital Corp. COM 500233 10 1 4087 271393 SH SOLE 271393 Laboratory Corporation of America Holdings COM 50540R409 7142 91300 SH SOLE 91300 LECG Corp. COM 523234 10 2 19216 1289690 SH SOLE 1289690 M&T Bank Corp. COM 55261F104 703 6800 SH SOLE 6800 McDonald's Corp. COM 580135 10 1 59359 1089764 SH SOLE 1089764 Merck & Co., Inc. COM 589331 10 7 2936 56800 SH SOLE 56800 Merit Medical Systems Inc. COM 589889 10 4 15921 1226548 SH SOLE 1226548 Microsoft Corp. COM 594918 10 4 109307 3710364 SH SOLE 3710364 NBTY Inc. COM 628782 10 4 14258 351193 SH SOLE 351193 NGP Capital Resources Co. COM 62912R107 18020 1110273 SH SOLE 1110273 Nike, Inc. CL B 654106 10 3 48048 819086 SH SOLE 819086 NU Skin Enterprises Inc. CL A 67018T105 15889 983212 SH SOLE 983212 Nutraceutical International Corp. COM 67060Y101 15710 1032843 SH SOLE 1032843 Omnicom Group Inc. COM 681919 10 6 28563 593952 SH SOLE 593952 Patterson-UTI Energy, Inc. COM 703481 10 1 5586 247500 SH SOLE 247500 Pfizer Inc. COM 717081 10 3 489 20000 SH SOLE 20000 Pool Corp. COM 73278L105 17536 702000 SH SOLE 702000 Priceline.com Inc. COM 741503 40 3 19484 219534 SH SOLE 219534 Procter & Gamble Co. COM 742718 10 9 27852 395957 SH SOLE 395957 Quest Diagnostics Inc. COM 74834L100 32179 557027 SH SOLE 557027 Radio One Inc. CL D 75040P405 24549 6581443 SH SOLE 6581443 RC2 Corp. COM 749388 10 4 29533 1066570 SH SOLE 1066570 Rent-A-Center Inc. COM 76009N100 3412 188200 SH SOLE 188200 Saga Communications Inc. COM 786598 10 2 368 50200 SH SOLE 50200 School Specialty Inc. COM 807863 10 5 33110 956095 SH SOLE 956095 Sherwin-Williams Co. COM 824348 10 6 30008 456675 SH SOLE 456675 Skechers USA Inc. CL A 830566 10 5 49584 2243625 SH SOLE 2243625 Speedway Motorsports Inc. COM 847788 10 6 18972 512766 SH SOLE 512766 State Street Corp. COM 857477 10 3 98830 1449965 SH SOLE 1449965 Steven Madden Ltd. COM 556269 10 8 28071 1481337 SH SOLE 1481337 Stratasys Inc. COM 862685 10 4 14329 519910 SH SOLE 519910 Tempur-Pedic International Inc. COM 88023U101 40922 1144668 SH SOLE 1144668 The McGraw-Hill Companies, Incorporated COM 580645 10 9 25679 504400 SH SOLE 504400 Tim Hortons Inc. COM 88706M103 79036 2267880 SH SOLE 2267880 United Technologies Corporation COM 913017 10 9 47944 595725 SH SOLE 595725 US Gold Corp. COM 912023 20 7 63 10000 SH SOLE 10000 W.W. Grainger Inc. COM 384802 10 4 4259 46700 SH SOLE 46700 Wachovia Corp. COM 929903 10 2 46460 926428 SH SOLE 926428 Wal-Mart Stores Inc. COM 931142 10 3 57681 1321433 SH SOLE 1321433 Walt Disney Co. COM 254687 10 6 38370 1115740 SH SOLE 1115740 Wells Fargo & Co. COM 949746 10 1 37914 1064413 SH SOLE 1064413 Wyeth COM 983024 10 0 47554 1067441 SH SOLE 1067441 Total $2,528,927,570.48 Count 85