SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: Feb 5, 2021

Total Value ($000): $3,854,174 (100.0% shares, 0.0% debt)

Holdings (38)

SSNHZ SAMSUNG ELECTRONIC 16.0%

Value ($000) $618,458 Shares 338,881 Est. Cost $961.38 Unrealized —

ABEV AMBEV SA 8.0%

Value ($000) $309,668 Shares 101,198,637 Est. Cost $2.69 Unrealized —

BBD BANCO BRADESCO S A 7.7%

Value ($000) $295,321 Shares 56,144,587 Est. Cost $7.08 Unrealized —

CPA COPA HOLDINGS 6.2%

Value ($000) $240,715 Shares 3,116,864 Est. Cost $55.68 Unrealized +1.9%

RYAAY RYANAIR HLDGS PLC 6.1%

Value ($000) $236,355 Shares 2,149,074 Est. Cost $66.19 Unrealized —

DIS WALT DISNEY CO 4.3%

Value ($000) $167,139 Shares 922,500 Est. Cost $126.68 Unrealized +10.7%

BRK/B BERKSHIRE HATHAWAY 3.3%

Value ($000) $128,859 Shares 555,740 Est. Cost $198.20 Unrealized +11.1%

TROW T ROWE PRICE GRP 3.0%

Value ($000) $115,283 Shares 761,500 Est. Cost $96.46 Unrealized +18.6%

— WALGREENS BOOTS ALNC 2.8%

Value ($000) $106,394 Shares 2,667,850 Est. Cost $44.10 Unrealized —

MMM 3M COMPANY 2.7%

Value ($000) $102,707 Shares 587,600 Est. Cost $111.53 Unrealized +5.4%

CHRW C H ROBINSON WLDWIDE 2.4%

Value ($000) $93,729 Shares 998,500 Est. Cost $77.95 Unrealized +8.2%

EXP EAGLE MATERIALS 2.4%

Value ($000) $92,543 Shares 913,100 Est. Cost $90.46 Unrealized 0.0%

BWA BORG WARNER INC 2.4%

Value ($000) $91,561 Shares 2,369,600 Est. Cost $31.11 Unrealized +1.1%

MSM MSC INDL DIRECT INC 2.3%

Value ($000) $86,813 Shares 1,028,710 Est. Cost $73.75 Unrealized +4.6%

CFR CULLEN FROST BANKERS 2.1%

Value ($000) $82,276 Shares 943,207 Est. Cost $70.11 Unrealized -3.6%

SLB SCHLUMBERGER LTD 2.1%

Value ($000) $82,100 Shares 3,760,900 Est. Cost $22.50 Unrealized -24.9%

WFC WELLS FARGO & CO 2.1%

Value ($000) $80,184 Shares 2,656,860 Est. Cost $25.05 Unrealized -8.0%

INTC INTEL CORP 2.1%

Value ($000) $79,654 Shares 1,598,840 Est. Cost $40.81 Unrealized +7.9%

HSIC HENRY SCHEIN INC 1.8%

Value ($000) $68,210 Shares 1,020,184 Est. Cost $64.15 Unrealized +0.6%

CHKP CHECK POINT SOFTWARE 1.7%

Value ($000) $67,013 Shares 504,200 Est. Cost $111.52 Unrealized +9.6%

RTX RAYTHEON TECHNOLOGIE 1.7%

Value ($000) $65,653 Shares 918,100 Est. Cost $57.69 Unrealized +1.3%

IPGP IPG PHOTONICS CORP 1.7%

Value ($000) $65,067 Shares 290,751 Est. Cost $167.70 Unrealized +19.4%

CCL CARNIVAL CORP 1.5%

Value ($000) $56,547 Shares 2,610,642 Est. Cost $24.50 Unrealized -27.4%

XOM EXXON MOBIL CORP 1.5%

Value ($000) $56,405 Shares 1,368,400 Est. Cost $32.96 Unrealized -7.9%

GNTX GENTEX CORP 1.4%

Value ($000) $54,817 Shares 1,615,600 Est. Cost $24.04 Unrealized +28.3%

MKL MARKEL CORP 1.4%

Value ($000) $54,574 Shares 52,815 Est. Cost $856.88 Unrealized +16.3%

BKE BUCKLE INC 1.4%

Value ($000) $52,063 Shares 1,782,975 Est. Cost $10.28 Unrealized +46.1%

BDX BECTON DICKINSON 1.2%

Value ($000) $44,364 Shares 177,300 Est. Cost $203.77 Unrealized +5.3%

GOOGL ALPHABET INC 1.1%

Value ($000) $42,640 Shares 24,329 Est. Cost $62.17 Unrealized +34.3%

AXP AMERICAN EXPRESS CO 1.1%

Value ($000) $42,439 Shares 351,000 Est. Cost $91.98 Unrealized +12.9%

JNJ JOHNSON & JOHNSON 1.1%

Value ($000) $42,367 Shares 269,200 Est. Cost $107.31 Unrealized +18.8%

CMGGF COMMERCIAL INTL BK 0.9%

Value ($000) $33,902 Shares 9,040,540 Est. Cost $3.91 Unrealized —

DCI DONALDSON INC 0.7%

Value ($000) $28,884 Shares 516,901 Est. Cost $44.57 Unrealized +9.1%

INFY INFOSYS LIMITED 0.6%

Value ($000) $22,096 Shares 1,303,600 Est. Cost $26.74 Unrealized —

GILD GILEAD SCIENCES INC 0.5%

Value ($000) $17,624 Shares 302,500 Est. Cost $52.49 Unrealized -6.0%

SBKFF STATE BK OF INDIA 0.3%

Value ($000) $12,500 Shares 333,790 Est. Cost $47.41 Unrealized —

CSL CARLISLE COS INC 0.3%

Value ($000) $10,605 Shares 67,900 Est. Cost $73.94 Unrealized +79.1%

MLM MARTIN MARIETTA MATL 0.2%

Value ($000) $6,645 Shares 23,400 Est. Cost $186.29 Unrealized +38.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	338,881	$618,458	16.0%	$961.38	—	GDR REP 1/2 ORD REGS	796050888
ABEV	AMBEV SA	101,198,637	$309,668	8.0%	$2.69	—	ADR REP 1 COM SHS	02319V103
BBD	BANCO BRADESCO S A	56,144,587	$295,321	7.7%	$7.08	—	ADR (1 PFD)	059460303
CPA	COPA HOLDINGS	3,116,864	$240,715	6.2%	$55.68	+1.9%	CLASS A	P31076105
RYAAY	RYANAIR HLDGS PLC	2,149,074	$236,355	6.1%	$66.19	—	ADR EACH REPR 5 ORD	783513203
DIS	WALT DISNEY CO	922,500	$167,139	4.3%	$126.68	+10.7%	COMMON	254687106
BRK/B	BERKSHIRE HATHAWAY	555,740	$128,859	3.3%	$198.20	+11.1%	CLASS B	084670702
TROW	T ROWE PRICE GRP	761,500	$115,283	3.0%	$96.46	+18.6%	COMMON	74144T108
—	WALGREENS BOOTS ALNC	2,667,850	$106,394	2.8%	$44.10	—	COMMON	931427108
MMM	3M COMPANY	587,600	$102,707	2.7%	$111.53	+5.4%	COMMON	88579Y101
CHRW	C H ROBINSON WLDWIDE	998,500	$93,729	2.4%	$77.95	+8.2%	COMMON	12541W209
EXP	EAGLE MATERIALS	913,100	$92,543	2.4%	$90.46	0.0%	COMMON	26969P108
BWA	BORG WARNER INC	2,369,600	$91,561	2.4%	$31.11	+1.1%	COMMON	099724106
MSM	MSC INDL DIRECT INC	1,028,710	$86,813	2.3%	$73.75	+4.6%	CLASS A	553530106
CFR	CULLEN FROST BANKERS	943,207	$82,276	2.1%	$70.11	-3.6%	COMMON	229899109
SLB	SCHLUMBERGER LTD	3,760,900	$82,100	2.1%	$22.50	-24.9%	COMMON	806857108
WFC	WELLS FARGO & CO	2,656,860	$80,184	2.1%	$25.05	-8.0%	COMMON	949746101
INTC	INTEL CORP	1,598,840	$79,654	2.1%	$40.81	+7.9%	COMMON	458140100
HSIC	HENRY SCHEIN INC	1,020,184	$68,210	1.8%	$64.15	+0.6%	COM	806407102
CHKP	CHECK POINT SOFTWARE	504,200	$67,013	1.7%	$111.52	+9.6%	ORDINARY	M22465104
RTX	RAYTHEON TECHNOLOGIE	918,100	$65,653	1.7%	$57.69	+1.3%	COM USD1	75513E101
IPGP	IPG PHOTONICS CORP	290,751	$65,067	1.7%	$167.70	+19.4%	COMMON	44980X109
CCL	CARNIVAL CORP	2,610,642	$56,547	1.5%	$24.50	-27.4%	COMMON	143658300
XOM	EXXON MOBIL CORP	1,368,400	$56,405	1.5%	$32.96	-7.9%	COMMON	30231G102
GNTX	GENTEX CORP	1,615,600	$54,817	1.4%	$24.04	+28.3%	COMMON	371901109
MKL	MARKEL CORP	52,815	$54,574	1.4%	$856.88	+16.3%	COMMON	570535104
BKE	BUCKLE INC	1,782,975	$52,063	1.4%	$10.28	+46.1%	COMMON	118440106
BDX	BECTON DICKINSON	177,300	$44,364	1.2%	$203.77	+5.3%	COMMON	075887109
GOOGL	ALPHABET INC	24,329	$42,640	1.1%	$62.17	+34.3%	CLASS A	02079K305
AXP	AMERICAN EXPRESS CO	351,000	$42,439	1.1%	$91.98	+12.9%	COMMON	025816109
JNJ	JOHNSON & JOHNSON	269,200	$42,367	1.1%	$107.31	+18.8%	COMMON	478160104
CMGGF	COMMERCIAL INTL BK	9,040,540	$33,902	0.9%	$3.91	—	GDR REP 1 ORD EGP10	201712205
DCI	DONALDSON INC	516,901	$28,884	0.7%	$44.57	+9.1%	COMMON	257651109
INFY	INFOSYS LIMITED	1,303,600	$22,096	0.6%	$26.74	—	ADR	456788108
GILD	GILEAD SCIENCES INC	302,500	$17,624	0.5%	$52.49	-6.0%	COMMON	375558103
SBKFF	STATE BK OF INDIA	333,790	$12,500	0.3%	$47.41	—	GDR(2 INR10 REG S)	856552203
CSL	CARLISLE COS INC	67,900	$10,605	0.3%	$73.94	+79.1%	COMMON	142339100
MLM	MARTIN MARIETTA MATL	23,400	$6,645	0.2%	$186.29	+38.4%	COMMON	573284106