Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FLS	FLOWSERVE CORP	14,117,650	$772M	8.8%	$39.27	+5.5%	COM	34354P105
WFC	WELLS FARGO & CO NEW	14,065,445	$739M	8.4%	$37.43	+24.3%	COM	949746101
CSX	CSX Corp.	9,729,347	$720M	8.2%	$14.94	+44.5%	COM	126408103
MIDD	MIDDLEBY CORP	5,122,646	$663M	7.5%	$120.10	-5.0%	COM	596278101
BRK/A	BERKSHIRE HATHAWAY INC DEL	1,869	$598M	6.8%	$247549.14	+25.1%	CL A	084670108
—	TE CONNECTIVITY LTD	6,232,393	$548M	6.2%	$4424.65	—	COM	H84989104
FIS	FIDELITY NATIONAL INFORMATION SERVICES, INC.	4,542,734	$495M	5.6%	$90.99	+3.2%	COM	31620M106
—	WABCO HLDGS INC	3,981,535	$470M	5.3%	$97.02	—	COM	92927K102
AMG	AFFILIATED MANAGERS GROUP	3,244,450	$444M	5.0%	$156.03	-7.5%	COM	008252108
GNRC	GENERAC HLDGS INC	6,241,005	$352M	4.0%	$40.38	+35.7%	COM	368736104
—	REALOGY HLDGS CORP	16,794,864	$347M	3.9%	$32.05	—	COM	75605Y106
ICE	INTERCONTINENTAL EXCHANGE IN	3,904,019	$292M	3.3%	$68.35	0.0%	COM	45866F104
—	UBIQUITI NETWORKS INC	2,676,802	$265M	3.0%	$4762.86	—	COM	90347A100
WCC	WESCO INTL INC	4,096,807	$252M	2.9%	$59.06	-1.4%	COM	95082P105
SRG	SERITAGE GROWTH PPTYS	4,801,106	$228M	2.6%	$37.86	+22.9%	COM	81752R100
CCK	CROWN HOLDINGS INC	4,291,880	$206M	2.3%	$42.22	0.0%	COM	228368106
PSMT	PRICESMART INC	2,308,394	$187M	2.1%	$74.04	+2.2%	COM	741511109
BRK/B	BERKSHIRE HATHAWAY INC DEL	571,235	$122M	1.4%	$134.49	+52.6%	CL B	084670702
MAT	MATTEL, INC.	6,752,063	$106M	1.2%	$15.57	+2.8%	COM	577081102
QSR	RESTAURANT BRANDS INTL INC	1,757,320	$104M	1.2%	$43.85	+38.8%	COM	76131D103
—	GRANITE REAL ESTATE INVT TR	2,117,769	$90.95M	1.0%	$32.73	—	UNIT/99/99/9999	387437114
—	OSISKO GOLD ROYALTIES LTD	10,413,371	$79.01M	0.9%	$895.10	—	COM	68827L101
MFC	MANULIFE FINL CORP	4,096,521	$73.23M	0.8%	$18.10	+0.4%	COM	56501R106
—	OAKTREE CAP GROUP LLC	1,728,551	$71.56M	0.8%	$41.40	—	UNIT CL A	674001201
BNS	BANK N S HALIFAX	1,173,085	$69.92M	0.8%	$33.08	+19.3%	COM	064149107
—	SOGOU INC	8,107,618	$60.24M	0.7%	$7.43	—	ADR REPSTG A	83409V104
TD	TORONTO DOMINION BK ONT	942,140	$57.25M	0.6%	$42.35	+40.6%	COM	891160509
ENB	ENBRIDGE INC	1,483,790	$47.88M	0.5%	$21.17	+3.8%	COM	29250N105
CIGI	COLLIERS INTL GROUP INC	562,970	$43.61M	0.5%	$37.27	+111.0%	SUB VTG SHRS	194693107
—	BROOKFIELD ASSET MGMT INC	942,644	$41.96M	0.5%	$44.51	—	CL A LTD VT SH	112585104
—	Aegerion Pharmaceuticals Inc.,	52,392,000	$39.56M	0.4%	$141.75	—	NOTE 2.000% 8/1	00767EAB8
GIL	GILDAN ACTIVEWEAR INC	1,212,400	$36.89M	0.4%	$26.65	-3.4%	COM	375916103
SATS	ECHOSTAR CORP., CLASS A	700,338	$32.48M	0.4%	$43.64	-12.7%	CL A	278768106
DIN	DINE BRANDS GLOBAL INC.	348,516	$28.34M	0.3%	$38.71	+50.1%	COM	254423106
FNV	FRANCO NEVADA CORP	437,695	$27.38M	0.3%	$48.95	+30.1%	COM	351858105
—	ADVANTAGE OIL & GAS LTD	8,445,139	$23.54M	0.3%	$3.85	—	COM	00765F101
—	SEACOR HOLDINGS INC	17,500,000	$17.56M	0.2%	$0.99	—	NOTE 2.500%12/1	811904AM3
DGII	DIGI INTL INC	1,262,273	$16.98M	0.2%	$9.32	+42.5%	COM	253798102
BSM	BLACK STONE MINERALS L P	845,123	$15.39M	0.2%	$4027.11	—	COM UNIT	09225M101
WPM	WHEATON PRECIOUS METALS CORP	662,273	$11.59M	0.1%	$17.50	0.0%	COM	962879102
—	NOVELION THERAPEUTICS INC	2,195,063	$6.497M	0.1%	$4.97	—	COM	67001K202
—	GRAN TIERRA ENERGY INC	3,110,000	$4.144M	0.0%	$1.33	—	NOTE 5.000% 4/0	38500TAB7
NESRW	NATIONAL ENERGY SERVICES REU	1,000,000	$2.24M	0.0%	$550.00	—	*W EXP 05/05/202	G6375R115
—	COLONY CAP INC	2,036,000	$1.91M	0.0%	$0.95	—	NOTE 5.000% 4/0	19624RAA4