13F-HR 1 d13fhr.txt FORM 13-F 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, 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 February 12, 2008 ------------------------ ------------------------ ------------------------ [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: 91 Form 13F Information Table Value Total: 2,527,623 ---------- (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 - December 31, 2007

Market Value Investment Other Voting Name of Issuer Title of Class Cusip (x1000) Total Shares Decision Managers Authority -------------- -------------- ----------- ------------ ------------ ---------- -------- --------- 3M Co. COM 88579Y101 36660 434771 SH SOLE 434771 Aflac Inc. COM 001055 10 2 40251 642687 SH SOLE 642687 Altria Group Inc. COM 02209S103 50609 669605 SH SOLE 669605 Apollo Group Inc. CL A 037604 10 5 3409 48600 SH SOLE 48600 Ares Capital Corp. COM 04010L103 21061 1439571 SH SOLE 1439571 Arthur J. Gallagher & Co. COM 363576 10 9 38373 1586334 SH SOLE 1586334 AutoNation Inc. COM 05329W102 4377 279500 SH SOLE 279500 Bassett Furniture Industries, Inc. COM 070203 10 4 162 17300 SH SOLE 17300 Belo Corp. CL A 080555 10 5 4622 265000 SH SOLE 265000 Berkshire Hathaway Inc. CL A 084670 10 8 47719 337 SH SOLE 337 Berkshire Hathaway Inc. CL B 084670 20 7 1236 261 SH SOLE 261 Brown & Brown Inc. COM 115236 10 1 42703 1817162 SH SOLE 1817162 Cintas Corp. COM 172908 10 5 3974 118197 SH SOLE 118197 Citi Trends Inc. COM 17306X102 8154 528100 SH SOLE 528100 Columbia Sportswear Co. COM 198516 10 6 24092 546437 SH SOLE 546437 Copart, Inc. COM 217204 10 6 24653 579400 SH SOLE 579400 Dollar Financial Corp. COM 256664 10 3 47259 1539895 SH SOLE 1539895 DTS Inc. COM 23335C101 28436 1112090 SH SOLE 1112090 Emerson Electric Co. COM 291011 10 4 28069 495395 SH SOLE 495395 Entravision Communications Corp. CL A 29382R107 13243 1691356 SH SOLE 1691356 Equifax Inc. COM 294429 10 5 49277 1355265 SH SOLE 1355265 Expedia Inc. COM 30212P105 7472 236306 SH SOLE 236306 FedEx Corp. COM 31428X106 94776 1062873 SH SOLE 1062873 Fidelity National Information Services Inc. COM 31620M106 2359 56730 SH SOLE 56730 First Advantage Corp. CL A 31845F100 165 10000 SH SOLE 10000 First American Corp. COM 318522 30 7 5913 173300 SH SOLE 173300 Gladstone Investment Corp. COM 376546 10 7 14504 1478452 SH SOLE 1478452 Greenfield Online Inc. COM 395150 10 5 26641 1823444 SH SOLE 1823444 H&R Block Inc. COM 093671 10 5 94069 5065666 SH SOLE 5065666 HCC Insurance Holdings Inc. COM 404132 10 2 48079 1676404 SH SOLE 1676404 Hercules Offshore Inc. COM 427093 10 9 26590 1118175 SH SOLE 1118175 Herman Miller, Inc. COM 600544 10 0 23418 723000 SH SOLE 723000 Hilb Rogal & Hobbs Co. COM 431294 10 7 35198 867598 SH SOLE 867598 Hudson City Bancorp Inc. COM 443683 10 7 4638 308800 SH SOLE 308800 infoUSA Inc. COM 456818 30 1 25220 2824168 SH SOLE 2824168 Innophos Holdings Inc. COM 45774N108 179 12000 SH SOLE 12000 Interactive Data Corp. COM 45840J107 41865 1268262 SH SOLE 1268262 International Speedway Corp. CL A 460335 20 1 35318 857649 SH SOLE 857649 IVCI CORP CL B 450704 10 1 0 10000 SH SOLE 10000 Jackson Hewitt Tax Service Inc. COM 468202 10 6 47008 1480572 SH SOLE 1480572 Johnson & Johnson COM 478160 10 4 115337 1729196 SH SOLE 1729196 Jupitermedia Corp. COM 48207D101 12440 3256614 SH SOLE 3256614 Kayne Anderson Energy Development Co. COM 48660Q102 21080 920121 SH SOLE 920121 Laboratory Corporation of America Holdings COM 50540R409 7523 99600 SH SOLE 99600 LECG Corp. COM 523234 10 2 18935 1257290 SH SOLE 1257290 Legg Mason Inc. COM 524901 10 5 256 3500 SH SOLE 3500 Liberty Media Corp. - Interactive CL A 53071M104 21997 1152900 SH SOLE 1152900 M&T Bank Corp. COM 55261F104 595 7300 SH SOLE 7300 McDonald's Corp. COM 580135 10 1 27387 464901 SH SOLE 464901 Merck & Co., Inc. COM 589331 10 7 3428 59000 SH SOLE 59000 Merit Medical Systems Inc. COM 589889 10 4 14533 1045534 SH SOLE 1045534 Microsoft Corp. COM 594918 10 4 79903 2244472 SH SOLE 2244472 MoneyGram International Inc. COM 60935Y109 20007 1301713 SH SOLE 1301713 Move Inc. COM 62458M108 14868 6068600 SH SOLE 6068600 NBTY Inc. COM 628782 10 4 32567 1188587 SH SOLE 1188587 NGP Capital Resources Co. COM 62912R107 16862 1078843 SH SOLE 1078843 Nike, Inc. CL B 654106 10 3 39101 608670 SH SOLE 608670 Nutraceutical International Corp. COM 67060Y101 13334 1006346 SH SOLE 1006346 Omnicom Group Inc. COM 681919 10 6 99928 2102424 SH SOLE 2102424 Patterson-UTI Energy Inc. COM 703481 10 1 5737 293900 SH SOLE 293900 Pfizer Inc. COM 717081 10 3 455 20000 SH SOLE 20000 Pool Corp. COM 73278L105 29442 1484700 SH SOLE 1484700 Procter & Gamble Co. COM 742718 10 9 29052 395691 SH SOLE 395691 Quest Diagnostics Inc. COM 74834L100 31848 602046 SH SOLE 602046 Radio One Inc. CL D 75040P405 15195 6411244 SH SOLE 6411244 RC2 Corp. COM 749388 10 4 29727 1059020 SH SOLE 1059020 Regis Corp. COM 758932 10 7 23475 839600 SH SOLE 839600 Rent-A-Center Inc. COM 76009N100 3209 221000 SH SOLE 221000 Saga Communications Inc. COM 786598 10 2 296 50200 SH SOLE 50200 School Specialty Inc. COM 807863 10 5 32103 929165 SH SOLE 929165 Sherwin-Williams Co. COM 824348 10 6 28611 492955 SH SOLE 492955 Skechers USA Inc. CL A 830566 10 5 43209 2214706 SH SOLE 2214706 Speedway Motorsports Inc. COM 847788 10 6 8741 281238 SH SOLE 281238 State Street Corp. COM 857477 10 3 99303 1222944 SH SOLE 1222944 Steven Madden Ltd. COM 556269 10 8 28815 1440737 SH SOLE 1440737 Stratasys Inc. COM 862685 10 4 9445 365510 SH SOLE 365510 TCF Financial Corp. COM 872275 10 2 5652 315200 SH SOLE 315200 Tempur-Pedic International Inc. COM 88023U101 28653 1103297 SH SOLE 1103297 The McGraw-Hill Companies, Inc. COM 580645 10 9 101178 2309469 SH SOLE 2309469 Tim Hortons Inc. COM 88706M103 56646 1533870 SH SOLE 1533870 United Technologies Corp. COM 913017 10 9 49981 653001 SH SOLE 653001 US Gold Corp. COM 912023 20 7 30 10000 SH SOLE 10000 W.W. Grainger Inc. COM 384802 10 4 4306 49200 SH SOLE 49200 Walgreen Co. COM 931422 10 9 32791 861100 SH SOLE 861100 Wal-Mart Stores Inc. COM 931142 10 3 238 5000 SH SOLE 5000 Walt Disney Co. COM 254687 10 6 40179 1244695 SH SOLE 1244695 Watsco, Inc. COM 942622 20 0 21946 597000 SH SOLE 597000 WellPoint Inc. COM 94973V107 38066 433900 SH SOLE 433900 Wells Fargo & Co. COM 949746 10 1 47676 1579197 SH SOLE 1579197 Western Union Co. COM 959802 10 9 19693 811083 SH SOLE 811083 Wyeth COM 983024 10 0 50092 1133566 SH SOLE 1133566 Total 2527623 Count 91