13F-HR 1 d13fhr.txt FORM 13F-HR ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ----------------- Form 13F ----------------- 13F COVER PAGE Report for the Calendar Year or Quarter Ended: MARCH 31, 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 May 12, 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: 106 Form 13F Information Table Value Total: 3,093,129 ---------------- (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

SHRS OR VOTING AUTHORITY TITLE OF VALUE PRN SH/ PUT/ INVESTMENT OTHER ------------------- NAME OF ISSUER CLASS CUSIP (X1000) AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- ---------- ----------- ------- ------- --- ---- ---------- -------- ------- ------ ---- 3M Co. COM 88579Y 10 1 836 10000 SH SOLE 10000 Abbott Laboratories COM 2824 10 0 32979 626028 SH SOLE 626028 Activision Blizzard Inc. COM 00507V 10 9 23438 1943414 SH SOLE 1943414 Altria Group Inc. COM 02209S 10 3 28511 1389411 SH SOLE 1389411 AmerisourceBergen Corp. COM 3073E 10 5 40304 1393633 SH SOLE 1393633 Arbitron Inc. COM 03875Q 10 8 17914 671960 SH SOLE 671960 Ares Capital Corp. COM 04010L 10 3 36447 2455991 SH SOLE 2455991 Arthur J. Gallagher & Co. COM 363576 10 9 19537 795798 SH SOLE 795798 Automatic Data Processing Inc. COM 53015 10 3 16708 375710 SH SOLE 375710 Bank of Montreal COM 63671 10 1 607 10000 SH SOLE 10000 Bank of Nova Scotia COM 64149 10 7 108363 2163095 SH SOLE 2163095 Barrick Gold Corp. COM 67901 10 8 330 8600 SH SOLE 8600 Baxter International Inc. COM 71813 10 9 33778 580375 SH SOLE 580375 Becton, Dickinson and Co. COM 75887 10 9 39164 497446 SH SOLE 497446 Berkshire Hathaway Inc. CL A 84670 10 8 33130 272 SH SOLE 272 Berkshire Hathaway Inc. CL B 84670 70 2 1255 15446 SH SOLE 15446 Brown & Brown Inc. COM 115236 10 1 28460 1588176 SH SOLE 1588176 Canadian National Railway Co. COM 136375 10 2 33541 552648 SH SOLE 552648 Canadian Natural Resources Ltd. COM 136385 10 1 80903 1093103 SH SOLE 1093103 Canadian Pacific Railway Ltd. COM 13645T 10 0 97638 1732451 SH SOLE 1732451 Cenovus Energy Inc. COM 15135U 10 9 47624 1823161 SH SOLE 1823161 Citigroup Inc. COM 172967 10 1 405 100000 SH SOLE 100000 Copart, Inc. COM 217204 10 6 11657 327444 SH SOLE 327444 Corporate Executive Board Co. COM 21988R 10 2 23756 893412 SH SOLE 893412 Corus Entertainment COM CL B Inc. NON VTG 220874 10 1 98837 5057075 SH SOLE 5057075 CoStar Group Inc. COM 22160N 10 9 5976 143941 SH SOLE 143941 DealerTrack Holdings Inc. COM 242309 10 2 14281 836115 SH SOLE 836115 Dentsply International Inc. COM 249030 10 7 17809 511011 SH SOLE 511011 Dollar Financial Corp. COM 256664 10 3 25893 1076188 SH SOLE 1076188 Double-Take Software Inc. COM 258598 10 1 19843 2227018 SH SOLE 2227018 Dun & Bradstreet Corp. COM 26483E 10 4 1947 26161 SH SOLE 26161 Eaton Vance Floating-Rate Income Trust COM 278279 10 4 3152 199851 SH SOLE 199851 EchoStar Corp. CL A 278768 10 6 28447 1402701 SH SOLE 1402701 Emerson Electric Co. COM 291011 10 4 22011 437254 SH SOLE 437254 Enbridge Inc. COM 29250N 10 5 270 5660 SH SOLE 5660 EnCana Corp. COM 292505 10 4 57537 1849277 SH SOLE 1849277 Equifax Inc. COM 294429 10 5 80367 2244882 SH SOLE 2244882 Expedia Inc. COM 30212P 10 5 48969 1961907 SH SOLE 1961907 Exxon Mobil Corp. COM 30231G 10 2 32331 482701 SH SOLE 482701 FirstService Corp. SUB VTG SH 33761N 10 9 37192 1628163 SH SOLE 1628163 General Electric Co. COM 369604 10 3 910 50000 SH SOLE 50000 Gladstone Investment Corp. COM 376546 10 7 10974 1835163 SH SOLE 1835163 Graco Inc. COM 384109 10 4 11707 365851 SH SOLE 365851 HCC Insurance Holdings Inc. COM 404132 10 2 21345 773378 SH SOLE 773378 Hilltop Holdings Inc. COM 432748 10 1 17953 1527928 SH SOLE 1527928 IAC/ InterActiveCorp COM 44919P 50 8 25133 1105223 SH SOLE 1105223 Iconix Brand Group Inc. COM 451055 10 7 30787 2004385 SH SOLE 2004385 Infogroup Inc. COM 45670G 10 8 10426 1336711 SH SOLE 1336711 Interactive Data Corp. COM 45840J 10 7 44009 1375279 SH SOLE 1375279 iShares iBoxx High Yield Corporate Bond Fund COM 464288 51 3 2521 28526 SH SOLE 28526 Johnson & Johnson Inc. COM 478160 10 4 51676 792576 SH SOLE 792576 Kayne Anderson Energy Development Co. COM 48660Q 10 2 11302 699401 SH SOLE 699401 Kimberly-Clark Corp. COM 494368 10 3 17508 278443 SH SOLE 278443 Kraft Foods Inc. COM 50075N 10 4 454 15000 SH SOLE 15000 Laboratory Corporation of America Holdings COM 50540R 40 9 4704 62131 SH SOLE 62131 Lender Processing Services Inc. COM 52602E 10 2 33027 874890 SH SOLE 874890 Lockheed Martin Corp. COM 539830 10 9 31226 375221 SH SOLE 375221 Lorillard Inc. COM 544147 10 1 48482 644362 SH SOLE 644362 M&T Bank Corp. COM 55261F 10 4 259 3259 SH SOLE 3259 Madison Square Garden Inc. COM 55826P 10 0 24912 1146428 SH SOLE 1146428 MarketAxess Holdings Inc. COM 57060D 10 8 39063 2483369 SH SOLE 2483369 McCormick & Co., Inc. COM 579780 20 6 17638 459799 SH SOLE 459799 McDonald's Corp. COM 580135 10 1 30051 450404 SH SOLE 450404 McGraw-Hill Companies, Inc. COM 580645 10 9 279 7834 SH SOLE 7834 Merck & Co., Inc. COM 58933Y 10 5 1501 40191 SH SOLE 40191 Microsoft Corp. COM 594918 10 4 55895 1909624 SH SOLE 1909624 Monsanto Co. COM 61166W 10 1 19384 271415 SH SOLE 271415 Moody's Corp. COM 615369 10 5 4147 139394 SH SOLE 139394 Move Inc. COM 62458M 10 8 11583 5542303 SH SOLE 5542303 MSCI Inc. COM 55354G 10 0 12343 341907 SH SOLE 341907 NGP Capital Resources Co. COM 62912R 10 7 7813 917065 SH SOLE 917065 Nutraceutical International Corp. COM 67060Y 10 1 10697 715995 SH SOLE 715995 Omnicom Group Inc. COM 681919 10 6 36808 948423 SH SOLE 948423 Oracle Corp. COM 68389X 10 5 50688 1973052 SH SOLE 1973052 Patterson-UTI Energy Inc. COM 703481 10 1 2424 173545 SH SOLE 173545 Penn Millers Holdings Corp. COM 707561 10 6 241 19857 SH SOLE 19857 PepsiCo Inc. COM 713448 10 8 42327 639760 SH SOLE 639760 Pfizer Inc. COM 717081 10 3 400 23329.3 SH SOLE 23329.3 Pharmaceutical Product Development, Inc. COM 717124 10 1 9488 399497 SH SOLE 399497 Philip Morris International Inc. COM 718172 10 9 38302 734320 SH SOLE 734320 Prestige Brands Holdings Inc. COM 74112D 10 1 8003 889212 SH SOLE 889212 Procter & Gamble Co. COM 742718 10 9 33429 528360 SH SOLE 528360 Psychemedics Corp. COM 744375 20 5 148 19335 SH SOLE 19335 QUALCOMM Inc. COM 747525 10 3 27498 655344 SH SOLE 655344 Riskmetrics Group Inc. COM 767735 10 3 25456 1125886 SH SOLE 1125886 Ritchie Bros. Auctioneers Inc. COM 767744 10 5 14223 660610 SH SOLE 660610 Rogers Communications Inc. CL B 775109 20 0 59350 1737639 SH SOLE 1737639 Royal Bank of Canada COM 780087 10 2 2400 41000 SH SOLE 41000 Solera Holdings Inc. COM 83421A 10 4 17198 444962 SH SOLE 444962 SPDR Barclays Capital High Yield Bond ETF COM 78464A 41 7 2587 65025 SH SOLE 65025 Sun Life Financial Inc. COM 866796 10 5 107030 3327339 SH SOLE 3327339 Suncor Energy Inc. COM 867224 10 7 108373 3332354 SH SOLE 3332354 TFS Financial Corp. COM 87240R 10 7 32041 2400107 SH SOLE 2400107 Thomson Reuters Corp. COM 884903 10 5 167139 4592902 SH SOLE 4592902 Tim Hortons Inc. COM 88706M 10 3 147629 4535346 SH SOLE 4535346 Time Warner Inc. COM 887317 30 3 213 6800 SH SOLE 6800 Toronto-Dominion Bank COM 891160 50 9 141792 1902376 SH SOLE 1902376 Ultra Petroleum Corp. COM 903914 10 9 29686 636619 SH SOLE 636619 United Technologies Corp. COM 913017 10 9 34281 465715 SH SOLE 465715 US Gold Corp. COM 912023 20 7 27 10000 SH SOLE 10000 Viacom Inc. CL A 92553P 10 2 395 10782 SH SOLE 10782 Wal-Mart Stores Inc. COM 931142 10 3 612 11000 SH SOLE 11000 Walt Disney Co. COM 254687 10 6 17876 512049 SH SOLE 512049 Washington Post Co. CL B 939640 10 8 16216 36507 SH SOLE 36507 Wesco Financial Corp. COM 950817 10 6 2750 7134 SH SOLE 7134 Western Union Co. COM 959802 10 9 54241 3198197 SH SOLE 3198197 TOTAL 3093129 COUNT 106