SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q1 2021 (← Previous) (Next →)

Filing Date: May 12, 2021

Total Value ($000): $4,056,555 (100.0% shares, 0.0% debt)

Holdings (38)

SSNHZ SAMSUNG ELECTRONIC 13.7%

Value ($000) $554,516 Shares 304,011 Est. Cost $961.38 Unrealized —

ABEV AMBEV SA 8.3%

Value ($000) $334,745 Shares 122,169,737 Est. Cost $2.70 Unrealized —

CPA COPA HOLDINGS 7.8%

Value ($000) $317,130 Shares 3,925,364 Est. Cost $58.78 Unrealized +20.3%

BBD BANCO BRADESCO S A 7.1%

Value ($000) $289,715 Shares 61,641,387 Est. Cost $6.87 Unrealized —

RYAAY RYANAIR HLDGS PLC 5.9%

Value ($000) $238,703 Shares 2,075,674 Est. Cost $66.19 Unrealized —

— WALGREENS BOOTS ALNC 3.7%

Value ($000) $149,457 Shares 2,722,350 Est. Cost $44.32 Unrealized —

DIS WALT DISNEY CO 3.7%

Value ($000) $148,889 Shares 806,900 Est. Cost $126.68 Unrealized +42.2%

BRK/B BERKSHIRE HATHAWAY 3.3%

Value ($000) $132,037 Shares 516,840 Est. Cost $198.20 Unrealized +22.5%

MMM 3M COMPANY 3.2%

Value ($000) $128,903 Shares 669,000 Est. Cost $113.18 Unrealized +10.5%

INTC INTEL CORP 3.1%

Value ($000) $127,011 Shares 1,984,540 Est. Cost $43.39 Unrealized +24.7%

TROW T ROWE PRICE GRP 2.9%

Value ($000) $118,490 Shares 690,500 Est. Cost $96.46 Unrealized +36.7%

EXP EAGLE MATERIALS 2.8%

Value ($000) $111,668 Shares 830,800 Est. Cost $90.46 Unrealized +30.3%

CHRW C H ROBINSON WLDWIDE 2.7%

Value ($000) $110,813 Shares 1,161,200 Est. Cost $78.67 Unrealized +5.6%

BWA BORG WARNER INC 2.7%

Value ($000) $110,596 Shares 2,385,600 Est. Cost $31.11 Unrealized +16.7%

WFC WELLS FARGO & CO 2.3%

Value ($000) $95,329 Shares 2,439,960 Est. Cost $25.05 Unrealized +26.2%

CFR CULLEN FROST BANKERS 2.3%

Value ($000) $92,360 Shares 849,207 Est. Cost $70.11 Unrealized +27.4%

MSM MSC INDL DIRECT INC 2.1%

Value ($000) $84,635 Shares 938,410 Est. Cost $73.75 Unrealized +15.5%

RTX RAYTHEON TECHNOLOGIE 2.0%

Value ($000) $81,937 Shares 1,060,400 Est. Cost $58.71 Unrealized +11.1%

HSIC HENRY SCHEIN INC 2.0%

Value ($000) $79,975 Shares 1,155,042 Est. Cost $64.56 Unrealized +4.8%

XOM EXXON MOBIL CORP 1.8%

Value ($000) $73,936 Shares 1,324,300 Est. Cost $32.96 Unrealized +31.4%

SLB SCHLUMBERGER LTD 1.7%

Value ($000) $68,908 Shares 2,534,300 Est. Cost $22.50 Unrealized +5.4%

MKL MARKEL CORP 1.4%

Value ($000) $58,104 Shares 50,985 Est. Cost $856.88 Unrealized +25.9%

CHKP CHECK POINT SOFTWARE 1.4%

Value ($000) $55,828 Shares 498,600 Est. Cost $111.52 Unrealized +8.0%

GNTX GENTEX CORP 1.3%

Value ($000) $51,161 Shares 1,434,300 Est. Cost $24.04 Unrealized +47.8%

IPGP IPG PHOTONICS CORP 1.2%

Value ($000) $48,479 Shares 229,822 Est. Cost $167.70 Unrealized +35.5%

CCL CARNIVAL CORP 1.2%

Value ($000) $47,946 Shares 1,806,542 Est. Cost $24.50 Unrealized -3.7%

AXP AMERICAN EXPRESS CO 1.2%

Value ($000) $47,892 Shares 338,600 Est. Cost $91.98 Unrealized +35.2%

CMGGF COMMERCIAL INTL BK 1.1%

Value ($000) $45,476 Shares 12,756,320 Est. Cost $3.81 Unrealized —

JNJ JOHNSON & JOHNSON 1.1%

Value ($000) $44,802 Shares 272,600 Est. Cost $107.73 Unrealized +30.7%

GOOGL ALPHABET INC 1.0%

Value ($000) $39,866 Shares 19,329 Est. Cost $62.17 Unrealized +57.6%

BDX BECTON DICKINSON 0.9%

Value ($000) $36,618 Shares 150,600 Est. Cost $203.77 Unrealized +10.7%

BIIB BIOGEN INC 0.7%

Value ($000) $28,954 Shares 103,500 Est. Cost $269.69 Unrealized 0.0%

BKE BUCKLE INC 0.7%

Value ($000) $27,138 Shares 690,875 Est. Cost $10.28 Unrealized +116.8%

DCI DONALDSON INC 0.7%

Value ($000) $26,399 Shares 453,901 Est. Cost $44.57 Unrealized +24.1%

GILD GILEAD SCIENCES INC 0.4%

Value ($000) $17,967 Shares 278,000 Est. Cost $52.49 Unrealized +1.7%

SBKFF STATE BK OF INDIA 0.4%

Value ($000) $16,689 Shares 336,480 Est. Cost $47.41 Unrealized —

CSL CARLISLE COS INC 0.2%

Value ($000) $8,311 Shares 50,500 Est. Cost $73.94 Unrealized +96.2%

MLM MARTIN MARIETTA MATL 0.1%

Value ($000) $5,172 Shares 15,400 Est. Cost $186.29 Unrealized +66.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	304,011	$554,516	13.7%	$961.38	—	GDR REP 1/2 ORD REGS	796050888
ABEV	AMBEV SA	122,169,737	$334,745	8.3%	$2.70	—	ADR REP 1 COM SHS	02319V103
CPA	COPA HOLDINGS	3,925,364	$317,130	7.8%	$58.78	+20.3%	CLASS A	P31076105
BBD	BANCO BRADESCO S A	61,641,387	$289,715	7.1%	$6.87	—	ADR (1 PFD)	059460303
RYAAY	RYANAIR HLDGS PLC	2,075,674	$238,703	5.9%	$66.19	—	ADR EACH REPR 5 ORD	783513203
—	WALGREENS BOOTS ALNC	2,722,350	$149,457	3.7%	$44.32	—	COMMON	931427108
DIS	WALT DISNEY CO	806,900	$148,889	3.7%	$126.68	+42.2%	COM	254687106
BRK/B	BERKSHIRE HATHAWAY	516,840	$132,037	3.3%	$198.20	+22.5%	CLASS B	084670702
MMM	3M COMPANY	669,000	$128,903	3.2%	$113.18	+10.5%	COMMON	88579Y101
INTC	INTEL CORP	1,984,540	$127,011	3.1%	$43.39	+24.7%	COMMON	458140100
TROW	T ROWE PRICE GRP	690,500	$118,490	2.9%	$96.46	+36.7%	COMMON	74144T108
EXP	EAGLE MATERIALS	830,800	$111,668	2.8%	$90.46	+30.3%	COMMON	26969P108
CHRW	C H ROBINSON WLDWIDE	1,161,200	$110,813	2.7%	$78.67	+5.6%	COMMON	12541W209
BWA	BORG WARNER INC	2,385,600	$110,596	2.7%	$31.11	+16.7%	COMMON	099724106
WFC	WELLS FARGO & CO	2,439,960	$95,329	2.3%	$25.05	+26.2%	COMMON	949746101
CFR	CULLEN FROST BANKERS	849,207	$92,360	2.3%	$70.11	+27.4%	COMMON	229899109
MSM	MSC INDL DIRECT INC	938,410	$84,635	2.1%	$73.75	+15.5%	CLASS A	553530106
RTX	RAYTHEON TECHNOLOGIE	1,060,400	$81,937	2.0%	$58.71	+11.1%	COM USD1	75513E101
HSIC	HENRY SCHEIN INC	1,155,042	$79,975	2.0%	$64.56	+4.8%	COM	806407102
XOM	EXXON MOBIL CORP	1,324,300	$73,936	1.8%	$32.96	+31.4%	COMMON	30231G102
SLB	SCHLUMBERGER LTD	2,534,300	$68,908	1.7%	$22.50	+5.4%	COMMON	806857108
MKL	MARKEL CORP	50,985	$58,104	1.4%	$856.88	+25.9%	COMMON	570535104
CHKP	CHECK POINT SOFTWARE	498,600	$55,828	1.4%	$111.52	+8.0%	ORDINARY	M22465104
GNTX	GENTEX CORP	1,434,300	$51,161	1.3%	$24.04	+47.8%	COMMON	371901109
IPGP	IPG PHOTONICS CORP	229,822	$48,479	1.2%	$167.70	+35.5%	COMMON	44980X109
CCL	CARNIVAL CORP	1,806,542	$47,946	1.2%	$24.50	-3.7%	COMMON	143658300
AXP	AMERICAN EXPRESS CO	338,600	$47,892	1.2%	$91.98	+35.2%	COMMON	025816109
CMGGF	COMMERCIAL INTL BK	12,756,320	$45,476	1.1%	$3.81	—	GDR REP 1 ORD EGP10	201712205
JNJ	JOHNSON & JOHNSON	272,600	$44,802	1.1%	$107.73	+30.7%	COMMON	478160104
GOOGL	ALPHABET INC	19,329	$39,866	1.0%	$62.17	+57.6%	CLASS A	02079K305
BDX	BECTON DICKINSON	150,600	$36,618	0.9%	$203.77	+10.7%	COMMON	075887109
BIIB	BIOGEN INC	103,500	$28,954	0.7%	$269.69	0.0%	COMMON	09062X103
BKE	BUCKLE INC	690,875	$27,138	0.7%	$10.28	+116.8%	COMMON	118440106
DCI	DONALDSON INC	453,901	$26,399	0.7%	$44.57	+24.1%	COMMON	257651109
GILD	GILEAD SCIENCES INC	278,000	$17,967	0.4%	$52.49	+1.7%	COMMON	375558103
SBKFF	STATE BK OF INDIA	336,480	$16,689	0.4%	$47.41	—	GDR(2 INR10 REG S)	856552203
CSL	CARLISLE COS INC	50,500	$8,311	0.2%	$73.94	+96.2%	COMMON	142339100
MLM	MARTIN MARIETTA MATL	15,400	$5,172	0.1%	$186.29	+66.3%	COMMON	573284106