| Fund | Previous Shares | Current Shares ▲▼ | Change in Shares ▲▼ | Previous Portfolio Weightage (%) | Current Portfolio Weightage (%) ▲▼ | Change in Weight (%) ▲▼ | Type |
|---|---|---|---|---|---|---|---|
| Partners Value Investments L.P. | 120,937,304 | 181,405,955 | +60,468,651 | 76.80 | 77.08 | +0.29 | buy |
| Capital World Investors | 68,313,662 | 99,069,016 | +30,755,354 | 0.64 | 0.62 | -0.02 | buy |
| 1832 Asset Management L.P. | 16,305,509 | 45,546,724 | +29,241,215 | 1.89 | 2.65 | +0.76 | buy |
| Pershing Square Capital Management, L.P. | 41,020,231 | 61,403,089 | +20,382,858 | 19.21 | 18.15 | -1.06 | buy |
| BROOKFIELD Corp /ON/ | 31,007,384 | 46,581,943 | +15,574,559 | 2.48 | 2.49 | +0.01 | buy |
| FIRST MANHATTAN CO. LLC. | 16,132,576 | 23,795,141 | +7,662,565 | 2.92 | 2.87 | -0.05 | buy |
| AKRE CAPITAL MANAGEMENT LLC | 19,215,941 | 26,843,633 | +7,627,692 | 13.14 | 13.51 | +0.37 | buy |
| LONE PINE CAPITAL LLC | 10,181,348 | 15,923,360 | +5,742,012 | 5.08 | 5.37 | +0.29 | buy |
| MARKEL GROUP INC. | 8,715,741 | 13,073,609 | +4,357,868 | 4.85 | 4.78 | -0.07 | buy |
| SCOTIA CAPITAL INC. | 7,343,989 | 11,213,519 | +3,869,530 | 2.13 | 2.07 | -0.06 | buy |
| REGENTS OF THE UNIVERSITY OF CALIFORNIA | 5,986,137 | 8,979,206 | +2,993,069 | 22.29 | 14.69 | -7.60 | buy |
| BAILLIE GIFFORD & CO | 4,822,387 | 7,013,657 | +2,191,270 | 0.24 | 0.27 | +0.02 | buy |
| Aristotle Capital Management, LLC | 4,385,073 | 6,447,071 | +2,061,998 | 0.58 | 0.59 | +0.01 | buy |
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC | 2,740,288 | 4,760,394 | +2,020,106 | 0.34 | 0.37 | +0.03 | buy |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | 1,610,707 | 3,565,901 | +1,955,194 | 0.63 | 0.86 | +0.23 | buy |
| Soroban Capital Partners LP | 3,830,352 | 5,745,527 | +1,915,175 | 1.32 | 1.83 | +0.51 | buy |
| CI INVESTMENTS INC. | 2,770,941 | 4,326,040 | +1,555,099 | 0.69 | 0.87 | +0.18 | buy |
| Third Point LLC | 4,675,000 | 6,200,000 | +1,525,000 | 3.57 | 3.91 | +0.34 | buy |
| CHECK CAPITAL MANAGEMENT INC/CA | 2,929,168 | 4,388,968 | +1,459,800 | 12.72 | 12.04 | -0.68 | buy |
| FENIMORE ASSET MANAGEMENT INC | 2,575,076 | 3,842,656 | +1,267,580 | 3.54 | 3.67 | +0.13 | buy |
| BAMCO INC /NY/ | 2,402,280 | 3,635,917 | +1,233,637 | 0.44 | 0.45 | +0.02 | buy |
| Beutel, Goodman & Co Ltd. | 3,108,035 | 4,301,067 | +1,193,032 | 1.28 | 1.21 | -0.07 | buy |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 2,337,893 | 3,523,292 | +1,185,399 | 0.05 | 0.05 | +0.00 | buy |
| COOKE & BIELER LP | 2,354,323 | 3,528,460 | +1,174,137 | 1.67 | 1.69 | +0.02 | buy |
| Novo Holdings A/S | 2,330,830 | 3,496,245 | +1,165,415 | 10.30 | 12.46 | +2.16 | buy |
| Alberta Investment Management Corp | 2,364,068 | 3,464,602 | +1,100,534 | 1.16 | 0.94 | -0.22 | buy |
| Cardinal Capital Management, Inc. | 2,164,145 | 3,077,748 | +913,603 | 4.29 | 4.35 | +0.06 | buy |
| MUFG SECURITIES (CANADA), LTD. | 2,379,875 | 3,288,214 | +908,339 | 4.56 | 4.20 | -0.36 | buy |
| GUARDIAN CAPITAL LP | 1,743,597 | 2,642,075 | +898,478 | 3.86 | 3.60 | -0.26 | buy |
| Clearbridge Investments, LLC | 1,958,211 | 2,851,937 | +893,726 | 0.07 | 0.10 | +0.04 | buy |
| SCHARF INVESTMENTS, LLC | 2,629,310 | 3,515,805 | +886,495 | 4.53 | 4.33 | -0.20 | buy |
| Cannell & Spears LLC | 1,803,463 | 2,659,766 | +856,303 | 2.33 | 2.28 | -0.05 | buy |
| MCDONALD CAPITAL INVESTORS INC/CA | 1,879,927 | 2,699,130 | +819,203 | 8.01 | 7.60 | -0.42 | buy |
| Addenda Capital Inc. | 1,386,649 | 2,158,161 | +771,512 | 3.92 | 3.99 | +0.07 | buy |
| Dixon Mitchell Investment Counsel Inc. | 1,606,322 | 2,363,922 | +757,600 | 3.92 | 3.58 | -0.33 | buy |
| Aviso Financial Inc. | 1,402,621 | 2,133,276 | +730,655 | 3.91 | 3.72 | -0.19 | buy |
| Sather Financial Group Inc | 1,425,054 | 2,119,399 | +694,345 | 5.31 | 5.23 | -0.08 | buy |
| BRUNI J V & CO /CO | 1,419,744 | 2,114,031 | +694,287 | 9.83 | 9.53 | -0.30 | buy |
| Capital Research Global Investors | 1,452,739 | 2,134,876 | +682,137 | 0.02 | 0.02 | -0.00 | buy |
| AVIVA PLC | 1,090,785 | 1,724,711 | +633,926 | 0.14 | 0.13 | -0.00 | buy |
| M&G Plc | 1,144,336 | 1,753,313 | +608,977 | 0.42 | 0.41 | -0.01 | buy |
| Marathon Asset Management Ltd | 1,390,733 | 1,962,979 | +572,246 | 3.51 | 3.47 | -0.04 | buy |
| AGF MANAGEMENT LTD | 1,571,255 | 2,128,475 | +557,220 | 0.48 | 0.43 | -0.05 | buy |
| Heritage Wealth Advisors | 1,092,033 | 1,615,356 | +523,323 | 3.28 | 2.83 | -0.45 | buy |
| Korea Investment CORP | 948,504 | 1,456,551 | +508,047 | 0.13 | 0.13 | -0.00 | buy |
| NEW SOUTH CAPITAL MANAGEMENT INC | 945,430 | 1,416,531 | +471,101 | 2.96 | 2.99 | +0.03 | buy |
| Scheer, Rowlett & Associates Investment Management Ltd. | 1,564,730 | 2,031,480 | +466,750 | 6.40 | 6.40 | -0.00 | buy |
| GREENLEA LANE CAPITAL MANAGEMENT, LLC | 952,215 | 1,413,462 | +461,247 | 19.04 | 18.93 | -0.11 | buy |
| CAPITAL ADVISORS INC/OK | 840,956 | 1,294,410 | +453,454 | 0.96 | 0.96 | -0.01 | buy |
| Baskin Financial Services Inc. | 909,017 | 1,353,889 | +444,872 | 4.58 | 4.68 | +0.10 | buy |
| ROYAL LONDON ASSET MANAGEMENT LTD | 790,591 | 1,205,716 | +415,125 | 0.12 | 0.12 | -0.00 | buy |
| River Road Asset Management, LLC | 1,293,145 | 1,704,456 | +411,311 | 0.99 | 0.86 | -0.14 | buy |
| Broad Run Investment Management, LLC | 811,015 | 1,214,963 | +403,948 | 9.10 | 10.35 | +1.25 | buy |
| Florida Trust Wealth Management Co | 789,349 | 1,176,417 | +387,068 | 1.54 | 1.49 | -0.05 | buy |
| Madison Asset Management, LLC | 1,120,935 | 1,498,571 | +377,636 | 0.85 | 0.79 | -0.06 | buy |
| Partners Group Holding AG | 968,546 | 1,320,346 | +351,800 | 3.69 | 4.09 | +0.40 | buy |
| EUBEL BRADY & SUTTMAN ASSET MANAGEMENT INC | 650,639 | 941,818 | +291,179 | 5.13 | 4.86 | -0.27 | buy |
| BECK MACK & OLIVER LLC | 561,655 | 841,998 | +280,343 | 0.70 | 0.70 | +0.00 | buy |
| Maestria Partners LLC | 536,792 | 805,187 | +268,395 | 11.64 | 10.82 | -0.81 | buy |
| Northwest & Ethical Investments L.P. | 467,471 | 727,673 | +260,202 | 0.76 | 0.75 | -0.01 | buy |
| Investment Management Corp of Ontario | 124,998 | 373,179 | +248,181 | 0.13 | 0.23 | +0.10 | buy |
| BANK OF NOVA SCOTIA TRUST CO | 410,464 | 652,930 | +242,466 | 2.62 | 2.61 | -0.01 | buy |
| Guardian Partners Inc. | 293,023 | 530,895 | +237,872 | 1.69 | 1.94 | +0.26 | buy |
| PRIVATE MANAGEMENT GROUP INC | 513,933 | 747,996 | +234,063 | 1.05 | 1.00 | -0.05 | buy |
| LINCLUDEN MANAGEMENT LTD | 529,379 | 763,376 | +233,997 | 4.02 | 4.09 | +0.07 | buy |
| Callahan Advisors, LLC | 476,156 | 703,895 | +227,739 | 2.77 | 2.65 | -0.12 | buy |
| Obermeyer Wealth Partners | 433,161 | 646,169 | +213,008 | 1.39 | 1.36 | -0.04 | buy |
| Smith Salley Wealth Management | 439,430 | 650,929 | +211,499 | 1.55 | 1.48 | -0.07 | buy |
| JACKSON HILL ADVISORS, LLC | 435,000 | 645,000 | +210,000 | 14.10 | 13.73 | -0.37 | buy |
| Select Equity Group, L.P. | 791,924 | 996,111 | +204,187 | 0.22 | 0.20 | -0.03 | buy |
| America First Investment Advisors, LLC | 416,853 | 617,483 | +200,630 | 5.31 | 5.16 | -0.15 | buy |
| Zurich Insurance Group Ltd/FI | 372,404 | 561,220 | +188,816 | 0.18 | 0.18 | -0.00 | buy |
| Lansforsakringar Fondforvaltning AB (publ) | 301,169 | 479,396 | +178,227 | 0.11 | 0.11 | +0.00 | buy |
| Oak Grove Capital LLC | 268,275 | 444,411 | +176,136 | 2.61 | 2.42 | -0.19 | buy |
| FACTORY MUTUAL INSURANCE CO | 374,000 | 547,650 | +173,650 | 0.25 | 0.25 | +0.00 | buy |
| Mraz, Amerine & Associates, Inc. | 229,498 | 401,542 | +172,044 | 2.45 | 2.74 | +0.29 | buy |
| THIRD AVENUE MANAGEMENT LLC | 378,249 | 548,119 | +169,870 | 4.82 | 4.57 | -0.25 | buy |
| SCHWARTZ INVESTMENT COUNSEL INC | 314,445 | 477,660 | +163,215 | 0.72 | 0.77 | +0.04 | buy |
| Varma Mutual Pension Insurance Co | 291,413 | 451,819 | +160,406 | 0.13 | 0.13 | -0.00 | buy |
| MIZUHO MARKETS AMERICAS LLC | 300,000 | 450,000 | +150,000 | 0.43 | 0.44 | +0.01 | buy |
| Chemistry Wealth Management LLC | 288,727 | 437,620 | +148,893 | 3.82 | 3.76 | -0.06 | buy |
| Saraza Management, LP | 325,000 | 458,500 | +133,500 | 7.94 | 8.12 | +0.18 | buy |
| FORSTA AP-FONDEN | 281,600 | 412,350 | +130,750 | 0.11 | 0.11 | -0.00 | buy |
| QV Investors Inc. | 305,167 | 425,837 | +120,670 | 1.81 | 1.60 | -0.21 | buy |
| GoodHaven Capital Management, LLC | 225,873 | 344,684 | +118,811 | 4.99 | 5.12 | +0.13 | buy |
| Asset Management Advisors, LLC | 228,053 | 341,414 | +113,361 | 9.54 | 9.48 | -0.07 | buy |
| INTACT INVESTMENT MANAGEMENT INC. | 200,100 | 311,305 | +111,205 | 0.42 | 0.41 | -0.00 | buy |
| Triasima Portfolio Management inc. | 288,866 | 397,781 | +108,915 | 2.99 | 2.74 | -0.25 | buy |
| Live Oak Private Wealth LLC | 215,761 | 323,584 | +107,823 | 2.06 | 2.02 | -0.04 | buy |
| USS Investment Management Ltd | 214,703 | 322,054 | +107,351 | 0.07 | 0.07 | +0.00 | buy |
| WCM INVESTMENT MANAGEMENT, LLC | 92,469 | 199,116 | +106,647 | 0.01 | 0.02 | +0.01 | buy |
| Eldred Rock Partners, LLC | 317,056 | 423,659 | +106,603 | 5.42 | 5.04 | -0.38 | buy |
| CNA FINANCIAL CORP | 220,000 | 325,000 | +105,000 | 8.89 | 7.25 | -1.64 | buy |
| LOEWS CORP | 220,000 | 325,000 | +105,000 | 0.13 | 0.12 | -0.00 | buy |
| PCJ Investment Counsel Ltd. | 232,780 | 334,090 | +101,310 | 4.44 | 3.79 | -0.65 | buy |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | 110,443 | 210,566 | +100,123 | 0.09 | 0.11 | +0.02 | buy |
| BNP PARIBAS | 197,093 | 295,639 | +98,546 | 0.41 | 0.39 | -0.02 | buy |
| Templeton & Phillips Capital Management, LLC | 137,977 | 235,746 | +97,769 | 6.81 | 7.20 | +0.40 | buy |
| VAN DEN BERG MANAGEMENT I, INC | 202,557 | 297,347 | +94,790 | 3.48 | 3.13 | -0.35 | buy |
| Adalta Capital Management LLC | 173,101 | 266,476 | +93,375 | 5.39 | 5.46 | +0.07 | buy |