SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q2 2019 (← Previous) (Next →)

Filing Date: Aug 12, 2019

Total Value ($000): $1,581,242 (100.0% shares, 0.0% debt)

Holdings (45)

BBD BANCO BRADESCO S A 16.4%

Value ($000) $259,958 Shares 26,472,278 Est. Cost $9.69 Unrealized —

SSNHZ SAMSUNG ELECTRS LTD 15.6%

Value ($000) $246,016 Shares 241,755 Est. Cost $618.85 Unrealized —

PKX POSCO 10.1%

Value ($000) $160,096 Shares 3,017,266 Est. Cost $63.18 Unrealized —

INFY INFOSYS LIMITED 9.6%

Value ($000) $151,710 Shares 14,178,460 Est. Cost $26.74 Unrealized —

CPA COPA HOLDINGS 6.5%

Value ($000) $103,420 Shares 1,059,957 Est. Cost $58.53 Unrealized +25.5%

SBKFF STATE BK OF INDIA 2.6%

Value ($000) $41,203 Shares 795,430 Est. Cost $47.49 Unrealized —

DIS WALT DISNEY CO 2.3%

Value ($000) $37,116 Shares 265,800 Est. Cost $97.09 Unrealized +31.8%

— UNITED TECHNOLOGIES 2.0%

Value ($000) $31,040 Shares 238,400 Est. Cost $101.31 Unrealized —

MKL MARKEL CORP 1.8%

Value ($000) $28,664 Shares 26,307 Est. Cost $523.59 Unrealized +100.1%

TROW T ROWE PRICE GRP 1.8%

Value ($000) $27,954 Shares 254,800 Est. Cost $58.01 Unrealized +38.7%

BRK/B BERKSHIRE HATHAWAY 1.7%

Value ($000) $26,636 Shares 124,954 Est. Cost $111.86 Unrealized +85.0%

WFC WELLS FARGO & CO 1.7%

Value ($000) $26,469 Shares 559,360 Est. Cost $28.93 Unrealized +35.1%

CSL CARLISLE COS INC 1.6%

Value ($000) $24,895 Shares 177,300 Est. Cost $73.94 Unrealized +67.8%

INTC INTEL CORP 1.5%

Value ($000) $24,473 Shares 511,240 Est. Cost $26.80 Unrealized +60.8%

— WALGREENS BOOTS ALNC 1.5%

Value ($000) $23,410 Shares 428,200 Est. Cost $65.83 Unrealized —

GNTX GENTEX CORP 1.5%

Value ($000) $23,296 Shares 946,600 Est. Cost $16.07 Unrealized +41.0%

QCOM QUALCOMM INC 1.4%

Value ($000) $22,791 Shares 299,600 Est. Cost $45.74 Unrealized +37.1%

OII OCEANEERING INTL INC 1.4%

Value ($000) $22,578 Shares 1,107,300 Est. Cost $30.72 Unrealized -42.4%

SLB SCHLUMBERGER LTD 1.4%

Value ($000) $22,465 Shares 565,300 Est. Cost $48.80 Unrealized -31.1%

EXP EAGLE MATERIALS 1.4%

Value ($000) $22,331 Shares 240,900 Est. Cost $74.39 Unrealized +14.7%

MLM MARTIN MARIETTA MATL 1.3%

Value ($000) $19,766 Shares 85,900 Est. Cost $186.29 Unrealized +11.0%

GOOGL ALPHABET INC 1.2%

Value ($000) $18,421 Shares 17,012 Est. Cost $36.73 Unrealized +56.4%

XRAY DENTSPLY SIRONA INC 1.0%

Value ($000) $16,113 Shares 276,089 Est. Cost $47.52 Unrealized +13.1%

JNJ JOHNSON & JOHNSON 1.0%

Value ($000) $15,850 Shares 113,800 Est. Cost $60.55 Unrealized +89.6%

AXP AMERICAN EXPRESS CO 1.0%

Value ($000) $15,405 Shares 124,800 Est. Cost $66.78 Unrealized +60.9%

BWA BORG WARNER INC 0.8%

Value ($000) $13,039 Shares 310,600 Est. Cost $30.88 Unrealized +3.4%

MSM MSC INDL DIRECT INC 0.8%

Value ($000) $12,988 Shares 174,900 Est. Cost $76.35 Unrealized +1.0%

PG PROCTER & GAMBLE CO 0.8%

Value ($000) $12,445 Shares 113,500 Est. Cost $55.27 Unrealized +63.7%

CFR CULLEN FROST BANKERS 0.8%

Value ($000) $12,344 Shares 131,800 Est. Cost $88.90 Unrealized -10.2%

BKE BUCKLE INC 0.7%

Value ($000) $11,354 Shares 655,900 Est. Cost $8.61 Unrealized +1.4%

MDT MEDTRONIC PLC 0.7%

Value ($000) $10,491 Shares 107,722 Est. Cost $58.81 Unrealized +29.6%

WAFD WASHINGTON FEDERAL 0.6%

Value ($000) $10,004 Shares 286,395 Est. Cost $12.55 Unrealized +107.1%

AAPL APPLE INC 0.6%

Value ($000) $9,916 Shares 50,100 Est. Cost $40.43 Unrealized +15.3%

— FLIR SYS INC 0.5%

Value ($000) $8,256 Shares 152,600 Est. Cost $27.48 Unrealized —

— TIFFANY & CO 0.5%

Value ($000) $8,194 Shares 87,500 Est. Cost $67.29 Unrealized —

CCL CARNIVAL CORP 0.5%

Value ($000) $7,967 Shares 171,142 Est. Cost $28.80 Unrealized +74.7%

TDY TELEDYNE TECH INC 0.5%

Value ($000) $7,778 Shares 28,400 Est. Cost $89.64 Unrealized +178.0%

VMI VALMONT INDS INC 0.4%

Value ($000) $6,886 Shares 54,300 Est. Cost $117.11 Unrealized +6.5%

BDX BECTON DICKINSON 0.4%

Value ($000) $6,766 Shares 26,850 Est. Cost $78.11 Unrealized +168.5%

WABC WESTAMERICA BANCORP 0.4%

Value ($000) $6,679 Shares 108,400 Est. Cost $31.45 Unrealized +58.9%

MMM 3M COMPANY 0.4%

Value ($000) $6,249 Shares 36,050 Est. Cost $62.37 Unrealized +93.4%

GD GENERAL DYNAMICS 0.4%

Value ($000) $5,610 Shares 30,855 Est. Cost $101.12 Unrealized +46.1%

MSFT MICROSOFT CORP 0.3%

Value ($000) $5,281 Shares 39,421 Est. Cost $28.48 Unrealized +319.7%

IPGP IPG PHOTONICS CORP 0.3%

Value ($000) $5,090 Shares 33,000 Est. Cost $151.24 Unrealized 0.0%

HTLD HEARTLAND EXPRESS IN 0.1%

Value ($000) $1,829 Shares 101,200 Est. Cost $14.41 Unrealized +32.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BBD	BANCO BRADESCO S A	26,472,278	$259,958	16.4%	$9.69	—	ADR (1 PFD)	059460303
SSNHZ	SAMSUNG ELECTRS LTD	241,755	$246,016	15.6%	$618.85	—	GDR 144A / REG S	796050888
PKX	POSCO	3,017,266	$160,096	10.1%	$63.18	—	ADR (0.25 ORD)	693483109
INFY	INFOSYS LIMITED	14,178,460	$151,710	9.6%	$26.74	—	ADR	456788108
CPA	COPA HOLDINGS	1,059,957	$103,420	6.5%	$58.53	+25.5%	CLASS A	P31076105
SBKFF	STATE BK OF INDIA	795,430	$41,203	2.6%	$47.49	—	GDR(2 INR10 REG S)	856552203
DIS	WALT DISNEY CO	265,800	$37,116	2.3%	$97.09	+31.8%	COMMON	254687106
—	UNITED TECHNOLOGIES	238,400	$31,040	2.0%	$101.31	—	COMMON	913017109
MKL	MARKEL CORP	26,307	$28,664	1.8%	$523.59	+100.1%	COMMON	570535104
TROW	T ROWE PRICE GRP	254,800	$27,954	1.8%	$58.01	+38.7%	COMMON	74144T108
BRK/B	BERKSHIRE HATHAWAY	124,954	$26,636	1.7%	$111.86	+85.0%	CLASS B	084670702
WFC	WELLS FARGO & CO	559,360	$26,469	1.7%	$28.93	+35.1%	COMMON	949746101
CSL	CARLISLE COS INC	177,300	$24,895	1.6%	$73.94	+67.8%	COMMON	142339100
INTC	INTEL CORP	511,240	$24,473	1.5%	$26.80	+60.8%	COMMON	458140100
—	WALGREENS BOOTS ALNC	428,200	$23,410	1.5%	$65.83	—	COMMON	931427108
GNTX	GENTEX CORP	946,600	$23,296	1.5%	$16.07	+41.0%	COMMON	371901109
QCOM	QUALCOMM INC	299,600	$22,791	1.4%	$45.74	+37.1%	COMMON	747525103
OII	OCEANEERING INTL INC	1,107,300	$22,578	1.4%	$30.72	-42.4%	COMMON	675232102
SLB	SCHLUMBERGER LTD	565,300	$22,465	1.4%	$48.80	-31.1%	COMMON	806857108
EXP	EAGLE MATERIALS	240,900	$22,331	1.4%	$74.39	+14.7%	COMMON	26969P108
MLM	MARTIN MARIETTA MATL	85,900	$19,766	1.3%	$186.29	+11.0%	COMMON	573284106
GOOGL	ALPHABET INC	17,012	$18,421	1.2%	$36.73	+56.4%	CLASS A	02079K305
XRAY	DENTSPLY SIRONA INC	276,089	$16,113	1.0%	$47.52	+13.1%	COM	24906P109
JNJ	JOHNSON & JOHNSON	113,800	$15,850	1.0%	$60.55	+89.6%	COMMON	478160104
AXP	AMERICAN EXPRESS CO	124,800	$15,405	1.0%	$66.78	+60.9%	COMMON	025816109
BWA	BORG WARNER INC	310,600	$13,039	0.8%	$30.88	+3.4%	COMMON	099724106
MSM	MSC INDL DIRECT INC	174,900	$12,988	0.8%	$76.35	+1.0%	CLASS A	553530106
PG	PROCTER & GAMBLE CO	113,500	$12,445	0.8%	$55.27	+63.7%	COMMON	742718109
CFR	CULLEN FROST BANKERS	131,800	$12,344	0.8%	$88.90	-10.2%	COMMON	229899109
BKE	BUCKLE INC	655,900	$11,354	0.7%	$8.61	+1.4%	COMMON	118440106
MDT	MEDTRONIC PLC	107,722	$10,491	0.7%	$58.81	+29.6%	SHS	G5960L103
WAFD	WASHINGTON FEDERAL	286,395	$10,004	0.6%	$12.55	+107.1%	COMMON	938824109
AAPL	APPLE INC	50,100	$9,916	0.6%	$40.43	+15.3%	COMMON	037833100
—	FLIR SYS INC	152,600	$8,256	0.5%	$27.48	—	COMMON	302445101
—	TIFFANY & CO	87,500	$8,194	0.5%	$67.29	—	COMMON	886547108
CCL	CARNIVAL CORP	171,142	$7,967	0.5%	$28.80	+74.7%	COMMON	143658300
TDY	TELEDYNE TECH INC	28,400	$7,778	0.5%	$89.64	+178.0%	COMMON	879360105
VMI	VALMONT INDS INC	54,300	$6,886	0.4%	$117.11	+6.5%	COMMON	920253101
BDX	BECTON DICKINSON	26,850	$6,766	0.4%	$78.11	+168.5%	COMMON	075887109
WABC	WESTAMERICA BANCORP	108,400	$6,679	0.4%	$31.45	+58.9%	COMMON	957090103
MMM	3M COMPANY	36,050	$6,249	0.4%	$62.37	+93.4%	COMMON	88579Y101
GD	GENERAL DYNAMICS	30,855	$5,610	0.4%	$101.12	+46.1%	COMMON	369550108
MSFT	MICROSOFT CORP	39,421	$5,281	0.3%	$28.48	+319.7%	COMMON	594918104
IPGP	IPG PHOTONICS CORP	33,000	$5,090	0.3%	$151.24	0.0%	COMMON	44980X109
HTLD	HEARTLAND EXPRESS IN	101,200	$1,829	0.1%	$14.41	+32.5%	COMMON	422347104