SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q2 2020 (← Previous) (Next →)

Filing Date: Aug 13, 2020

Total Value ($000): $1,456,591 (100.0% shares, 0.0% debt)

Holdings (39)

SSNHZ SAMSUNG ELECTRS LTD 18.4%

Value ($000) $268,698 Shares 244,851 Est. Cost $641.78 Unrealized —

BBD BANCO BRADESCO S A 9.4%

Value ($000) $136,253 Shares 35,761,979 Est. Cost $8.21 Unrealized —

RYAAY RYANAIR HLDGS PLC 8.6%

Value ($000) $124,751 Shares 1,880,474 Est. Cost $61.19 Unrealized —

CPA COPA HOLDINGS 8.1%

Value ($000) $117,540 Shares 2,324,764 Est. Cost $57.85 Unrealized -32.2%

ABEV AMBEV SA 7.7%

Value ($000) $112,284 Shares 42,531,700 Est. Cost $2.51 Unrealized —

INFY INFOSYS LIMITED 6.3%

Value ($000) $92,227 Shares 9,547,360 Est. Cost $26.74 Unrealized —

CHKP CHECK POINT SOFTWARE 2.6%

Value ($000) $38,245 Shares 356,000 Est. Cost $107.09 Unrealized -1.1%

DIS WALT DISNEY CO 2.5%

Value ($000) $36,140 Shares 324,100 Est. Cost $109.11 Unrealized -1.1%

TROW T ROWE PRICE GRP 2.2%

Value ($000) $32,184 Shares 260,600 Est. Cost $65.70 Unrealized +36.7%

CHRW C H ROBINSON WLDWIDE 2.1%

Value ($000) $30,233 Shares 382,400 Est. Cost $68.29 Unrealized -3.3%

BRK/B BERKSHIRE HATHAWAY 2.0%

Value ($000) $29,854 Shares 167,240 Est. Cost $155.45 Unrealized +17.5%

INTC INTEL CORP 2.0%

Value ($000) $28,655 Shares 478,940 Est. Cost $32.63 Unrealized +63.0%

— WALGREENS BOOTS ALNC 1.9%

Value ($000) $27,674 Shares 652,850 Est. Cost $58.77 Unrealized —

CFR CULLEN FROST BANKERS 1.9%

Value ($000) $27,209 Shares 364,200 Est. Cost $77.74 Unrealized -24.4%

MSM MSC INDL DIRECT INC 1.8%

Value ($000) $25,520 Shares 350,500 Est. Cost $72.56 Unrealized -11.2%

MMM 3M COMPANY 1.7%

Value ($000) $24,834 Shares 159,200 Est. Cost $99.95 Unrealized +2.5%

EXP EAGLE MATERIALS 1.5%

Value ($000) $22,316 Shares 317,800 Est. Cost $76.34 Unrealized -19.9%

WFC WELLS FARGO & CO 1.5%

Value ($000) $21,303 Shares 832,160 Est. Cost $30.20 Unrealized -20.6%

BWA BORG WARNER INC 1.4%

Value ($000) $20,714 Shares 586,800 Est. Cost $29.90 Unrealized -19.0%

SLB SCHLUMBERGER LTD 1.4%

Value ($000) $20,334 Shares 1,105,700 Est. Cost $36.19 Unrealized -57.2%

IPGP IPG PHOTONICS CORP 1.3%

Value ($000) $18,958 Shares 118,200 Est. Cost $135.89 Unrealized +4.8%

GNTX GENTEX CORP 1.2%

Value ($000) $17,521 Shares 679,900 Est. Cost $16.07 Unrealized +56.0%

MKL MARKEL CORP 1.1%

Value ($000) $16,732 Shares 18,124 Est. Cost $578.74 Unrealized +57.1%

HSIC HENRY SCHEIN INC 1.0%

Value ($000) $15,234 Shares 260,900 Est. Cost $63.43 Unrealized -11.9%

CCL CARNIVAL CORP 1.0%

Value ($000) $15,196 Shares 925,442 Est. Cost $37.56 Unrealized -60.1%

BKE BUCKLE INC 1.0%

Value ($000) $14,713 Shares 938,300 Est. Cost $9.51 Unrealized -14.4%

GOOGL ALPHABET INC 1.0%

Value ($000) $14,562 Shares 10,269 Est. Cost $36.73 Unrealized +82.2%

JNJ JOHNSON & JOHNSON 0.8%

Value ($000) $12,010 Shares 85,400 Est. Cost $64.01 Unrealized +94.1%

RTX RAYTHEON TECHNOLOGIE 0.8%

Value ($000) $11,769 Shares 191,000 Est. Cost $54.61 Unrealized 0.0%

CSL CARLISLE COS INC 0.8%

Value ($000) $11,417 Shares 95,400 Est. Cost $73.94 Unrealized +52.0%

BDX BECTON DICKINSON 0.8%

Value ($000) $11,341 Shares 47,400 Est. Cost $166.71 Unrealized +32.2%

XOM EXXON MOBIL CORP 0.8%

Value ($000) $10,956 Shares 245,000 Est. Cost $41.80 Unrealized -16.7%

SBKFF STATE BK OF INDIA 0.7%

Value ($000) $10,240 Shares 434,800 Est. Cost $47.41 Unrealized —

AXP AMERICAN EXPRESS CO 0.7%

Value ($000) $9,491 Shares 99,700 Est. Cost $69.17 Unrealized +23.8%

XRAY DENTSPLY SIRONA INC 0.5%

Value ($000) $7,424 Shares 168,489 Est. Cost $47.52 Unrealized -11.0%

AAPL APPLE INC 0.4%

Value ($000) $5,727 Shares 15,700 Est. Cost $40.43 Unrealized +85.7%

MLM MARTIN MARIETTA MATL 0.4%

Value ($000) $5,619 Shares 27,200 Est. Cost $186.29 Unrealized -0.6%

DCI DONALDSON INC 0.4%

Value ($000) $5,364 Shares 115,300 Est. Cost $44.25 Unrealized -8.8%

CMGGF COMMERCIAL INTL BK 0.4%

Value ($000) $5,349 Shares 1,385,710 Est. Cost $4.26 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRS LTD	244,851	$268,698	18.4%	$641.78	—	GDR 144A / REG S	796050888
BBD	BANCO BRADESCO S A	35,761,979	$136,253	9.4%	$8.21	—	ADR (1 PFD)	059460303
RYAAY	RYANAIR HLDGS PLC	1,880,474	$124,751	8.6%	$61.19	—	ADR EACH REPR 5 ORD	783513203
CPA	COPA HOLDINGS	2,324,764	$117,540	8.1%	$57.85	-32.2%	CLASS A	P31076105
ABEV	AMBEV SA	42,531,700	$112,284	7.7%	$2.51	—	ADR REP 1 COM SHS	02319V103
INFY	INFOSYS LIMITED	9,547,360	$92,227	6.3%	$26.74	—	ADR	456788108
CHKP	CHECK POINT SOFTWARE	356,000	$38,245	2.6%	$107.09	-1.1%	ORDINARY	M22465104
DIS	WALT DISNEY CO	324,100	$36,140	2.5%	$109.11	-1.1%	COMMON	254687106
TROW	T ROWE PRICE GRP	260,600	$32,184	2.2%	$65.70	+36.7%	COMMON	74144T108
CHRW	C H ROBINSON WLDWIDE	382,400	$30,233	2.1%	$68.29	-3.3%	COMMON	12541W209
BRK/B	BERKSHIRE HATHAWAY	167,240	$29,854	2.0%	$155.45	+17.5%	CLASS B	084670702
INTC	INTEL CORP	478,940	$28,655	2.0%	$32.63	+63.0%	COMMON	458140100
—	WALGREENS BOOTS ALNC	652,850	$27,674	1.9%	$58.77	—	COMMON	931427108
CFR	CULLEN FROST BANKERS	364,200	$27,209	1.9%	$77.74	-24.4%	COMMON	229899109
MSM	MSC INDL DIRECT INC	350,500	$25,520	1.8%	$72.56	-11.2%	CLASS A	553530106
MMM	3M COMPANY	159,200	$24,834	1.7%	$99.95	+2.5%	COMMON	88579Y101
EXP	EAGLE MATERIALS	317,800	$22,316	1.5%	$76.34	-19.9%	COMMON	26969P108
WFC	WELLS FARGO & CO	832,160	$21,303	1.5%	$30.20	-20.6%	COMMON	949746101
BWA	BORG WARNER INC	586,800	$20,714	1.4%	$29.90	-19.0%	COMMON	099724106
SLB	SCHLUMBERGER LTD	1,105,700	$20,334	1.4%	$36.19	-57.2%	COMMON	806857108
IPGP	IPG PHOTONICS CORP	118,200	$18,958	1.3%	$135.89	+4.8%	COMMON	44980X109
GNTX	GENTEX CORP	679,900	$17,521	1.2%	$16.07	+56.0%	COMMON	371901109
MKL	MARKEL CORP	18,124	$16,732	1.1%	$578.74	+57.1%	COMMON	570535104
HSIC	HENRY SCHEIN INC	260,900	$15,234	1.0%	$63.43	-11.9%	COM	806407102
CCL	CARNIVAL CORP	925,442	$15,196	1.0%	$37.56	-60.1%	COMMON	143658300
BKE	BUCKLE INC	938,300	$14,713	1.0%	$9.51	-14.4%	COMMON	118440106
GOOGL	ALPHABET INC	10,269	$14,562	1.0%	$36.73	+82.2%	CLASS A	02079K305
JNJ	JOHNSON & JOHNSON	85,400	$12,010	0.8%	$64.01	+94.1%	COMMON	478160104
RTX	RAYTHEON TECHNOLOGIE	191,000	$11,769	0.8%	$54.61	0.0%	COM USD1	75513E101
CSL	CARLISLE COS INC	95,400	$11,417	0.8%	$73.94	+52.0%	COMMON	142339100
BDX	BECTON DICKINSON	47,400	$11,341	0.8%	$166.71	+32.2%	COMMON	075887109
XOM	EXXON MOBIL CORP	245,000	$10,956	0.8%	$41.80	-16.7%	COMMON	30231G102
SBKFF	STATE BK OF INDIA	434,800	$10,240	0.7%	$47.41	—	GDR(2 INR10 REG S)	856552203
AXP	AMERICAN EXPRESS CO	99,700	$9,491	0.7%	$69.17	+23.8%	COMMON	025816109
XRAY	DENTSPLY SIRONA INC	168,489	$7,424	0.5%	$47.52	-11.0%	COM	24906P109
AAPL	APPLE INC	15,700	$5,727	0.4%	$40.43	+85.7%	COMMON	037833100
MLM	MARTIN MARIETTA MATL	27,200	$5,619	0.4%	$186.29	-0.6%	COMMON	573284106
DCI	DONALDSON INC	115,300	$5,364	0.4%	$44.25	-8.8%	COMMON	257651109
CMGGF	COMMERCIAL INTL BK	1,385,710	$5,349	0.4%	$4.26	—	GDR REP 1 ORD EGP10	201712205