Burgundy Asset Management 13F annual report
Burgundy Asset Management is an investment fund managing more than $8.15 trillion ran by Karen Mintz. There are currently 99 companies in Mrs. Mintz’s portfolio. The largest investments include Alphabet Inc and Microsoft, together worth $634 billion.
$8.15 trillion Assets Under Management (AUM)
As of 2nd November 2023, Burgundy Asset Management’s top holding is 2,487,132 shares of Alphabet Inc currently worth over $325 billion and making up 4.0% of the portfolio value.
Relative to the number of outstanding shares of Alphabet Inc, Burgundy Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 978,312 shares of Microsoft worth $309 billion, whose value grew 18.3% in the past six months.
The third-largest holding is Allison Transmission Hldgs I worth $272 billion and the next is SS&C Technologies Inc worth $242 billion, with 4,614,844 shares owned.
Currently, Burgundy Asset Management's portfolio is worth at least $8.15 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Burgundy Asset Management
The Burgundy Asset Management office and employees reside in Toronto, Ontario, Canada. According to the last 13-F report filed with the SEC, Karen Mintz serves as the VP, Chief Compliance Officer & Associate General Counsel at Burgundy Asset Management.
Recent trades
In the most recent 13F filing, Burgundy Asset Management revealed that it had opened a new position in
Euronet Worldwide Inc and bought 444,808 shares worth $35.3 billion.
This means they effectively own approximately 0.1% of the company.
Euronet Worldwide Inc makes up
3.9%
of the fund's Industrials sector allocation and has decreased its share price by 1.0% in the past year.
The investment fund also strengthened its position in SS&C Technologies Inc by buying
3,460 additional shares.
This makes their stake in SS&C Technologies Inc total 4,614,844 shares worth $242 billion.
SS&C Technologies Inc soared 6.2% in the past year.
On the other hand, there are companies that Burgundy Asset Management is getting rid of from its portfolio.
Burgundy Asset Management closed its position in Premier Inc on 9th November 2023.
It sold the previously owned 3,372,075 shares for $93.3 billion.
Karen Mintz also disclosed a decreased stake in Alphabet Inc by 0.2%.
This leaves the value of the investment at $325 billion and 2,487,132 shares.
One of the largest hedge funds
The two most similar investment funds to Burgundy Asset Management are Varma Mutual Pension Insurance Co and Mutual Of America Capital Management. They manage $8.17 trillion and $8.11 trillion respectively.
Karen Mintz investment strategy
Burgundy Asset Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 12.8% of
the total portfolio value.
The fund focuses on investments in the United States as
50.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
36% of the total holdings value.
On the other hand, small-cap stocks make up only 1.0% of the portfolio.
The average market cap of the portfolio companies is close to $102 billion.
The complete list of Burgundy Asset Management trades based on 13F SEC filings
These positions were updated on November 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Alphabet Inc |
16.96%
2,487,132
|
$325,466,000,000 | 3.99% |
| Microsoft Corporation |
3.13%
978,312
|
$308,902,000,000 | 3.79% |
| Allison Transmission Hldgs I |
9.12%
4,604,675
|
$271,952,000,000 | 3.34% |
| SS&C Technologies Holdings Inc |
0.08%
4,614,844
|
$242,464,000,000 | 2.98% |
| Primerica Inc |
5.45%
1,213,799
|
$235,489,000,000 | 2.89% |
| Gallagher Arthur J & Co |
10.32%
1,029,120
|
$234,567,000,000 | 2.88% |
| Willis Towers Watson Plc Ltd |
33.65%
1,057,735
|
$221,024,000,000 | 2.71% |
| Intercontinental Exchange In |
2.88%
1,949,162
|
$214,447,000,000 | 2.63% |
| Carrier Global Corporation |
19.22%
3,867,226
|
$213,471,000,000 | 2.62% |
| News Corp |
5.77%
11,634,904
|
$235,292,000,000 | 2.89% |
| Electronic Arts, Inc. |
2.88%
1,506,978
|
$181,440,000,000 | 2.23% |
| Houlihan Lokey Inc |
2.30%
1,668,037
|
$178,680,000,000 | 2.19% |
| Dollar Tree Inc |
8.37%
1,658,343
|
$176,531,000,000 | 2.17% |
| Ross Stores, Inc. |
3.01%
1,513,631
|
$170,965,000,000 | 2.10% |
| Mondelez International Inc. |
52.69%
2,430,258
|
$168,660,000,000 | 2.07% |
| Johnson & Johnson |
10.98%
1,058,849
|
$164,916,000,000 | 2.02% |
| Cencora Inc. |
3.07%
912,236
|
$164,175,000,000 | 2.01% |
| Procter And Gamble Co |
20.28%
999,277
|
$145,755,000,000 | 1.79% |
| Mastercard Incorporated |
3.16%
364,647
|
$144,367,000,000 | 1.77% |
| Emcor Group, Inc. |
1.23%
654,661
|
$137,734,000,000 | 1.69% |
| Openlane Inc. |
2.20%
8,454,728
|
$126,145,000,000 | 1.55% |
| American Homes 4 Rent |
0.73%
3,716,922
|
$125,223,000,000 | 1.54% |
| Gentex Corp. |
2.48%
3,843,342
|
$125,062,000,000 | 1.53% |
| Henry Schein Inc. |
1.82%
1,656,587
|
$123,002,000,000 | 1.51% |
| Penske Automotive Grp Inc |
28.87%
728,408
|
$121,688,000,000 | 1.49% |
| Amazon.com Inc. |
2.86%
945,721
|
$120,220,000,000 | 1.48% |
| Kennametal Inc. |
1.44%
4,679,250
|
$116,420,000,000 | 1.43% |
| Grand Canyon Ed Inc |
2.78%
984,511
|
$115,070,000,000 | 1.41% |
| Cbiz Inc |
8.20%
2,039,382
|
$105,844,000,000 | 1.30% |
| EBay Inc. |
2.92%
2,342,744
|
$103,292,000,000 | 1.27% |
| QuidelOrtho Corporation |
69.07%
1,350,032
|
$98,606,000,000 | 1.21% |
| Cable One Inc |
24.81%
155,097
|
$95,484,000,000 | 1.17% |
| Truist Finl Corp |
17.96%
3,290,652
|
$94,146,000,000 | 1.16% |
| Premier Inc |
Closed
3,372,075
|
$93,272,000,000 | |
| CME Group Inc |
2.98%
461,876
|
$92,477,000,000 | 1.13% |
| Light & Wonder Inc |
1.68%
1,251,730
|
$89,286,000,000 | 1.10% |
| Berkshire Hathaway Inc. |
5.77%
145,304
|
$138,536,000,000 | 1.70% |
| Wyndham Hotels & Resorts Inc |
1.62%
1,231,088
|
$85,610,000,000 | 1.05% |
| Restaurant Brands International Inc |
0.00%
1,274,145
|
$85,242,000,000 | 1.05% |
| Simpson Mfg Inc |
1.51%
567,768
|
$85,057,000,000 | 1.04% |
| Strategic Ed Inc |
0.92%
1,114,167
|
$83,841,000,000 | 1.03% |
| Armstrong World Inds Inc New |
3.45%
1,104,238
|
$79,505,000,000 | 0.98% |
| Oracle Corp. |
2.84%
728,349
|
$77,147,000,000 | 0.95% |
| TD Synnex Corp |
5.57%
746,365
|
$74,532,000,000 | 0.91% |
| Kenvue Inc |
441.13%
3,707,994
|
$74,457,000,000 | 0.91% |
| Rogers Communications Inc. |
3.25%
1,905,406
|
$73,497,000,000 | 0.90% |
| Brookfield Corp |
0.41%
2,251,856
|
$70,737,000,000 | 0.87% |
| Stantec Inc |
2.84%
1,075,863
|
$70,131,000,000 | 0.86% |
| Marriott Vacations Worldwide Corp |
24.99%
686,302
|
$69,063,000,000 | 0.85% |
| CGI Inc |
3.04%
676,183
|
$66,959,000,000 | 0.82% |
| Hillman Solutions Corp |
1.68%
7,698,558
|
$63,513,000,000 | 0.78% |
| Equifax, Inc. |
3.00%
329,058
|
$60,277,000,000 | 0.74% |
| Bank Nova Scotia Halifax |
2.46%
1,284,625
|
$57,847,000,000 | 0.71% |
| Graco Inc. |
1.69%
790,284
|
$57,596,000,000 | 0.71% |
| Brookfield Asset Managmt Ltd |
0.42%
1,715,563
|
$57,431,000,000 | 0.70% |
| Autozone Inc. |
2.80%
21,804
|
$55,382,000,000 | 0.68% |
| Canadian Natl Ry Co |
1.55%
496,872
|
$54,057,000,000 | 0.66% |
| Toronto Dominion Bk Ont |
1.44%
850,826
|
$51,497,000,000 | 0.63% |
| Globus Med Inc |
300.45%
1,033,770
|
$51,327,000,000 | 0.63% |
| Equity Comwlth |
1.24%
2,767,178
|
$50,833,000,000 | 0.62% |
| Royal Bk Cda |
3.79%
566,498
|
$49,737,000,000 | 0.61% |
| Colliers Intl Group Inc |
1.39%
457,136
|
$43,736,000,000 | 0.54% |
| Main Str Cap Corp |
2.11%
1,020,535
|
$41,464,000,000 | 0.51% |
| Sixth Street Specialty Lendi |
1.15%
1,994,679
|
$40,771,000,000 | 0.50% |
| Skyline Champion Corp |
5.72%
600,406
|
$38,258,000,000 | 0.47% |
| Jefferies Finl Group Inc |
1.41%
1,002,626
|
$36,726,000,000 | 0.45% |
| MarketAxess Holdings Inc. |
97.04%
170,285
|
$36,380,000,000 | 0.45% |
| Euronet Worldwide Inc |
Opened
444,808
|
$35,309,000,000 | 0.43% |
| Generac Holdings Inc |
19.50%
319,970
|
$34,864,000,000 | 0.43% |
| Nuvasive Inc |
Closed
797,231
|
$33,157,000,000 | |
| Bright Horizons Fam Sol In D |
0.85%
398,058
|
$32,426,000,000 | 0.40% |
| New York Times Co. |
17.13%
756,812
|
$31,181,000,000 | 0.38% |
| Copart, Inc. |
97.16%
717,310
|
$30,909,000,000 | 0.38% |
| Gogo Inc |
Opened
1,999,131
|
$23,850,000,000 | 0.29% |
| Federated Hermes Inc |
2.09%
657,858
|
$22,282,000,000 | 0.27% |
| Meta Platforms Inc |
Closed
76,434
|
$21,935,000,000 | |
| Laboratory Corp Amer Hldgs |
1.61%
108,454
|
$21,805,000,000 | 0.27% |
| Bridge Invt Group Hldgs Inc |
1.56%
2,353,336
|
$21,651,000,000 | 0.27% |
| Magnite Inc |
Opened
2,355,258
|
$17,759,000,000 | 0.22% |
| Chegg Inc |
Closed
1,766,151
|
$15,683,000,000 | |
| Mcdonalds Corp |
4.30%
55,569
|
$14,639,000,000 | 0.18% |
| Bank Montreal Que |
No change
150,000
|
$12,712,000,000 | 0.16% |
| TC Energy Corporation |
12.28%
351,864
|
$12,157,000,000 | 0.15% |
| Enerflex Ltd |
17.96%
1,783,016
|
$10,287,000,000 | 0.13% |
| First Amern Finl Corp |
1.96%
159,513
|
$9,011,000,000 | 0.11% |
| Enbridge Inc |
11.31%
220,913
|
$7,361,000,000 | 0.09% |
| Atour Lifestyle Hldgs Ltd |
21.98%
376,603
|
$7,099,000,000 | 0.09% |
| Boeing Co. |
No change
35,000
|
$6,709,000,000 | 0.08% |
| M & T Bk Corp |
No change
45,000
|
$5,690,000,000 | 0.07% |
| Nutrien Ltd |
No change
75,000
|
$4,653,000,000 | 0.06% |
| Argo Group Intl Hldgs Ltd |
Closed
130,880
|
$3,875,000,000 | |
| Ats Corporation |
24.31%
76,482
|
$3,275,000,000 | 0.04% |
| Suncor Energy, Inc. |
No change
89,634
|
$3,097,000,000 | 0.04% |
| 3M Co. |
No change
20,000
|
$1,872,000,000 | 0.02% |
| Canadian Nat Res Ltd |
5.27%
25,960
|
$1,687,000,000 | 0.02% |
| Alibaba Group Hldg Ltd |
No change
18,626
|
$1,616,000,000 | 0.02% |
| Global Self Storage Inc |
No change
257,237
|
$1,250,000,000 | 0.02% |
| Telus Corp. |
12.54%
72,597
|
$1,191,000,000 | 0.01% |
| Brookfield Infrastructure Corporation |
17.67%
19,714
|
$700,000,000 | 0.01% |
| RTX Corp |
No change
8,257
|
$594,000,000 | 0.01% |
| Wheeler Real Estate Invt Tr |
Closed
40,600
|
$508,000,000 | |
| Curtiss-Wright Corp. |
No change
2,287
|
$447,000,000 | 0.01% |
| Landstar Sys Inc |
No change
2,466
|
$436,000,000 | 0.01% |
| Eagle Matls Inc |
Closed
2,034
|
$379,000,000 | |
| CDW Corp |
50.38%
1,813
|
$366,000,000 | 0.00% |
| Yum China Holdings Inc |
18.98%
4,968
|
$277,000,000 | 0.00% |
| Integra Lifesciences Hldgs C |
Closed
5,206
|
$214,000,000 | |
| No transactions found | |||
| Showing first 500 out of 107 holdings | |||
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