SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q3 2020 (← Previous) (Next →)

Filing Date: Nov 12, 2020

Total Value ($000): $1,878,878 (100.0% shares, 0.0% debt)

Holdings (38)

SSNHZ SAMSUNG ELECTRONIC 16.9%

Value ($000) $316,929 Shares 250,141 Est. Cost $655.00 Unrealized —

RYAAY RYANAIR HLDGS PLC 8.5%

Value ($000) $160,583 Shares 1,964,074 Est. Cost $62.07 Unrealized —

CPA COPA HOLDINGS 7.4%

Value ($000) $138,524 Shares 2,751,764 Est. Cost $55.54 Unrealized -22.7%

ABEV AMBEV SA 7.2%

Value ($000) $135,087 Shares 59,773,200 Est. Cost $2.44 Unrealized —

BBD BANCO BRADESCO S A 6.9%

Value ($000) $128,856 Shares 37,567,379 Est. Cost $7.98 Unrealized —

INFY INFOSYS LIMITED 5.4%

Value ($000) $102,091 Shares 7,392,560 Est. Cost $26.74 Unrealized —

DIS WALT DISNEY CO 3.0%

Value ($000) $56,767 Shares 457,500 Est. Cost $112.90 Unrealized +8.2%

BRK/B BERKSHIRE HATHAWAY 2.9%

Value ($000) $54,649 Shares 256,640 Est. Cost $172.56 Unrealized +18.5%

CHRW C H ROBINSON WLDWIDE 2.9%

Value ($000) $53,742 Shares 525,900 Est. Cost $72.20 Unrealized +14.4%

DCI DONALDSON INC 2.6%

Value ($000) $49,668 Shares 669,600 Est. Cost $44.57 Unrealized +0.2%

TROW T ROWE PRICE GRP 2.5%

Value ($000) $46,377 Shares 361,700 Est. Cost $76.68 Unrealized +36.9%

CHKP CHECK POINT SOFTWARE 2.4%

Value ($000) $44,947 Shares 373,500 Est. Cost $107.79 Unrealized +13.2%

MMM 3M COMPANY 2.2%

Value ($000) $41,759 Shares 260,700 Est. Cost $104.01 Unrealized +6.1%

BWA BORG WARNER INC 2.0%

Value ($000) $38,008 Shares 981,100 Est. Cost $30.64 Unrealized +3.6%

CFR CULLEN FROST BANKERS 1.8%

Value ($000) $33,957 Shares 531,000 Est. Cost $72.07 Unrealized -17.2%

MSM MSC INDL DIRECT INC 1.8%

Value ($000) $33,266 Shares 525,700 Est. Cost $70.47 Unrealized -5.9%

— WALGREENS BOOTS ALNC 1.8%

Value ($000) $33,149 Shares 922,850 Est. Cost $52.08 Unrealized —

BKE BUCKLE INC 1.7%

Value ($000) $32,006 Shares 1,569,700 Est. Cost $9.64 Unrealized +2.0%

WFC WELLS FARGO & CO 1.7%

Value ($000) $31,484 Shares 1,339,160 Est. Cost $27.03 Unrealized -19.3%

INTC INTEL CORP 1.7%

Value ($000) $31,277 Shares 604,040 Est. Cost $35.51 Unrealized +31.0%

HSIC HENRY SCHEIN INC 1.6%

Value ($000) $29,231 Shares 497,300 Est. Cost $63.77 Unrealized +0.6%

IPGP IPG PHOTONICS CORP 1.5%

Value ($000) $29,082 Shares 171,100 Est. Cost $144.90 Unrealized +13.9%

MKL MARKEL CORP 1.4%

Value ($000) $27,219 Shares 27,954 Est. Cost $732.42 Unrealized +38.7%

SLB SCHLUMBERGER LTD 1.4%

Value ($000) $27,204 Shares 1,748,300 Est. Cost $28.96 Unrealized -42.9%

GNTX GENTEX CORP 1.2%

Value ($000) $23,183 Shares 900,300 Est. Cost $18.64 Unrealized +42.5%

GOOGL ALPHABET INC 1.2%

Value ($000) $22,232 Shares 15,169 Est. Cost $49.29 Unrealized +53.4%

XOM EXXON MOBIL CORP 1.1%

Value ($000) $21,604 Shares 629,300 Est. Cost $36.01 Unrealized -10.2%

CCL CARNIVAL CORP 1.0%

Value ($000) $19,024 Shares 1,253,242 Est. Cost $31.78 Unrealized -51.4%

BDX BECTON DICKINSON 1.0%

Value ($000) $18,638 Shares 80,100 Est. Cost $190.65 Unrealized +18.2%

JNJ JOHNSON & JOHNSON 0.9%

Value ($000) $17,672 Shares 118,700 Est. Cost $81.68 Unrealized +55.5%

AXP AMERICAN EXPRESS CO 0.8%

Value ($000) $15,950 Shares 159,100 Est. Cost $77.66 Unrealized +18.3%

CMGGF COMMERCIAL INTL BK 0.6%

Value ($000) $11,662 Shares 2,712,140 Est. Cost $4.28 Unrealized —

SBKFF STATE BK OF INDIA 0.6%

Value ($000) $10,976 Shares 432,110 Est. Cost $47.41 Unrealized —

CSL CARLISLE COS INC 0.6%

Value ($000) $10,377 Shares 84,800 Est. Cost $73.94 Unrealized +55.9%

RTX RAYTHEON TECHNOLOGIE 0.5%

Value ($000) $10,167 Shares 176,700 Est. Cost $54.61 Unrealized -1.7%

GILD GILEAD SCIENCES INC 0.5%

Value ($000) $8,859 Shares 140,200 Est. Cost $56.12 Unrealized 0.0%

XRAY DENTSPLY SIRONA INC 0.4%

Value ($000) $7,023 Shares 160,589 Est. Cost $47.52 Unrealized -6.9%

MLM MARTIN MARIETTA MATL 0.3%

Value ($000) $5,649 Shares 24,000 Est. Cost $186.29 Unrealized +12.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	250,141	$316,929	16.9%	$655.00	—	GDR REP 1/2 ORD REGS	796050888
RYAAY	RYANAIR HLDGS PLC	1,964,074	$160,583	8.5%	$62.07	—	ADR EACH REPR 5 ORD	783513203
CPA	COPA HOLDINGS	2,751,764	$138,524	7.4%	$55.54	-22.7%	CLASS A	P31076105
ABEV	AMBEV SA	59,773,200	$135,087	7.2%	$2.44	—	ADR REP 1 COM SHS	02319V103
BBD	BANCO BRADESCO S A	37,567,379	$128,856	6.9%	$7.98	—	ADR (1 PFD)	059460303
INFY	INFOSYS LIMITED	7,392,560	$102,091	5.4%	$26.74	—	ADR	456788108
DIS	WALT DISNEY CO	457,500	$56,767	3.0%	$112.90	+8.2%	COMMON	254687106
BRK/B	BERKSHIRE HATHAWAY	256,640	$54,649	2.9%	$172.56	+18.5%	CLASS B	084670702
CHRW	C H ROBINSON WLDWIDE	525,900	$53,742	2.9%	$72.20	+14.4%	COMMON	12541W209
DCI	DONALDSON INC	669,600	$49,668	2.6%	$44.57	+0.2%	COMMON	257651109
TROW	T ROWE PRICE GRP	361,700	$46,377	2.5%	$76.68	+36.9%	COMMON	74144T108
CHKP	CHECK POINT SOFTWARE	373,500	$44,947	2.4%	$107.79	+13.2%	ORDINARY	M22465104
MMM	3M COMPANY	260,700	$41,759	2.2%	$104.01	+6.1%	COMMON	88579Y101
BWA	BORG WARNER INC	981,100	$38,008	2.0%	$30.64	+3.6%	COMMON	099724106
CFR	CULLEN FROST BANKERS	531,000	$33,957	1.8%	$72.07	-17.2%	COMMON	229899109
MSM	MSC INDL DIRECT INC	525,700	$33,266	1.8%	$70.47	-5.9%	CLASS A	553530106
—	WALGREENS BOOTS ALNC	922,850	$33,149	1.8%	$52.08	—	COMMON	931427108
BKE	BUCKLE INC	1,569,700	$32,006	1.7%	$9.64	+2.0%	COMMON	118440106
WFC	WELLS FARGO & CO	1,339,160	$31,484	1.7%	$27.03	-19.3%	COMMON	949746101
INTC	INTEL CORP	604,040	$31,277	1.7%	$35.51	+31.0%	COMMON	458140100
HSIC	HENRY SCHEIN INC	497,300	$29,231	1.6%	$63.77	+0.6%	COM	806407102
IPGP	IPG PHOTONICS CORP	171,100	$29,082	1.5%	$144.90	+13.9%	COMMON	44980X109
MKL	MARKEL CORP	27,954	$27,219	1.4%	$732.42	+38.7%	COMMON	570535104
SLB	SCHLUMBERGER LTD	1,748,300	$27,204	1.4%	$28.96	-42.9%	COMMON	806857108
GNTX	GENTEX CORP	900,300	$23,183	1.2%	$18.64	+42.5%	COMMON	371901109
GOOGL	ALPHABET INC	15,169	$22,232	1.2%	$49.29	+53.4%	CLASS A	02079K305
XOM	EXXON MOBIL CORP	629,300	$21,604	1.1%	$36.01	-10.2%	COMMON	30231G102
CCL	CARNIVAL CORP	1,253,242	$19,024	1.0%	$31.78	-51.4%	COMMON	143658300
BDX	BECTON DICKINSON	80,100	$18,638	1.0%	$190.65	+18.2%	COMMON	075887109
JNJ	JOHNSON & JOHNSON	118,700	$17,672	0.9%	$81.68	+55.5%	COMMON	478160104
AXP	AMERICAN EXPRESS CO	159,100	$15,950	0.8%	$77.66	+18.3%	COMMON	025816109
CMGGF	COMMERCIAL INTL BK	2,712,140	$11,662	0.6%	$4.28	—	GDR REP 1 ORD EGP10	201712205
SBKFF	STATE BK OF INDIA	432,110	$10,976	0.6%	$47.41	—	GDR(2 INR10 REG S)	856552203
CSL	CARLISLE COS INC	84,800	$10,377	0.6%	$73.94	+55.9%	COMMON	142339100
RTX	RAYTHEON TECHNOLOGIE	176,700	$10,167	0.5%	$54.61	-1.7%	COM USD1	75513E101
GILD	GILEAD SCIENCES INC	140,200	$8,859	0.5%	$56.12	0.0%	COMMON	375558103
XRAY	DENTSPLY SIRONA INC	160,589	$7,023	0.4%	$47.52	-6.9%	COM	24906P109
MLM	MARTIN MARIETTA MATL	24,000	$5,649	0.3%	$186.29	+12.1%	COMMON	573284106