Burgundy Asset Management 13F, Q1 2025
Burgundy Asset Management · quarter ending 31 March 2025 · filed 13 May 2025 · SEC CIK 1315868
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 109 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| SS&C TECHNOLOGIES HLDGS INC | SSNC | $433.21M | 4.5% | +4% shares |
| PRIMERICA INC | PRI | $372.74M | 3.9% | unchanged |
| WILLIS TOWERS WATSON PLC LTD | $304.61M | 3.2% | -3% shares | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $220.28M | 2.3% | -27% shares |
| WYNDHAM HOTELS & RESORTS INC | WH | $214.46M | 2.2% | +3% shares |
| ALLISON TRANSMISSION HLDGS I | ALSN | $213.77M | 2.2% | -10% shares |
| CENCORA INC | COR | $213.43M | 2.2% | -4% shares |
| GLOBUS MED INC | GMED | $205.09M | 2.1% | +7% shares |
| MONDELEZ INTL INC | MDLZ | $200.80M | 2.1% | -10% shares |
| JOHNSON & JOHNSON | JNJ | $193.92M | 2.0% | -3% shares |
| MICROSOFT CORP | MSFT | $193.05M | 2.0% | -24% shares |
| HOULIHAN LOKEY INC | HLI | $192.16M | 2.0% | -5% shares |
| OPENLANE INC | OPLN | $191.37M | 2.0% | +7% shares |
| EMCOR GROUP INC | EME | $190.55M | 2.0% | +7% shares |
| MEDTRONIC PLC | $189.81M | 2.0% | -3% shares | |
| ARMSTRONG WORLD INDS INC NEW | AWI | $180.75M | 1.9% | +7% shares |
| GENTEX CORP | GNTX | $180.07M | 1.9% | +40% shares |
| ALPHABET INC | GOOGL | $178.33M | 1.9% | -22% shares |
| CBIZ INC | CBZ | $168.43M | 1.8% | +7% shares |
| GRAND CANYON ED INC | LOPE | $163.70M | 1.7% | +7% shares |
| ELECTRONIC ARTS INC | EA | $163.12M | 1.7% | -14% shares |
| CME GROUP INC | CME | $157.31M | 1.6% | -3% shares |
| KENVUE INC | KVUE | $157.21M | 1.6% | +9% shares |
| AMERICAN HOMES 4 RENT | AMH | $155.45M | 1.6% | +7% shares |
| ROSS STORES INC | ROST | $153.86M | 1.6% | +5% shares |
What changed since Q4 2024
Against the Q4 2024 filing, Burgundy Asset Management opened 10 new positions, added to 49, trimmed 34, left 16 unchanged and exited 5. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0000950123-25-004910, filed by Burgundy Asset Management Ltd.. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.