Burgundy Asset Management 13F, Q2 2025
Burgundy Asset Management · quarter ending 30 June 2025 · filed 13 August 2025 · SEC CIK 1315868
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 109 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| SS&C TECHNOLOGIES HLDGS INC | SSNC | $433.84M | 4.2% | unchanged |
| PRIMERICA INC | PRI | $364.93M | 3.5% | unchanged |
| EMCOR GROUP INC | EME | $283.74M | 2.8% | +3% shares |
| WILLIS TOWERS WATSON PLC LTD | $274.01M | 2.7% | unchanged | |
| MICROSOFT CORP | MSFT | $252.69M | 2.5% | unchanged |
| OPENLANE INC | OPLN | $251.98M | 2.5% | +4% shares |
| INTERCONTINENTAL EXCHANGE IN | ICE | $232.42M | 2.3% | unchanged |
| HOULIHAN LOKEY INC | HLI | $220.61M | 2.1% | +3% shares |
| ARMSTRONG WORLD INDS INC NEW | AWI | $214.60M | 2.1% | +3% shares |
| ALLISON TRANSMISSION HLDGS I | ALSN | $211.70M | 2.1% | unchanged |
| GLOBUS MED INC | GMED | $205.47M | 2.0% | +24% shares |
| ALPHABET INC | GOOGL | $200.91M | 2.0% | unchanged |
| WYNDHAM HOTELS & RESORTS INC | WH | $200.26M | 1.9% | +4% shares |
| MONDELEZ INTL INC | MDLZ | $198.83M | 1.9% | unchanged |
| MEDTRONIC PLC | $193.36M | 1.9% | +5% shares | |
| GRAND CANYON ED INC | LOPE | $185.73M | 1.8% | +4% shares |
| CENCORA INC | COR | $183.05M | 1.8% | -21% shares |
| JOHNSON & JOHNSON | JNJ | $177.20M | 1.7% | unchanged |
| GENTEX CORP | GNTX | $175.14M | 1.7% | +3% shares |
| US FOODS HLDG CORP | USFD | $169.94M | 1.6% | +31% shares |
| CBIZ INC | CBZ | $166.45M | 1.6% | +5% shares |
| NEWS CORP NEW | NWSA | $165.02M | 1.6% | unchanged |
| CME GROUP INC | CME | $161.72M | 1.6% | unchanged |
| HENRY SCHEIN INC | HSIC | $161.26M | 1.6% | unchanged |
| ELECTRONIC ARTS INC | EA | $158.18M | 1.5% | -12% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Burgundy Asset Management opened 6 new positions, added to 39, trimmed 16, left 48 unchanged and exited 6. 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 0000950123-25-007831, 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.