SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q3 2021 (← Previous) (Next →)

Filing Date: Nov 8, 2021

Total Value ($000): $4,063,158 (100.0% shares, 0.0% debt)

Holdings (38)

SSNHZ SAMSUNG ELECTRONIC 11.8%

Value ($000) $478,189 Shares 306,041 Est. Cost $961.38 Unrealized —

ABEV AMBEV SA 8.5%

Value ($000) $346,368 Shares 125,495,637 Est. Cost $2.71 Unrealized —

CPA COPA HOLDINGS 7.9%

Value ($000) $319,308 Shares 3,923,664 Est. Cost $58.78 Unrealized +8.2%

BBD BANCO BRADESCO S A 7.1%

Value ($000) $286,558 Shares 74,819,198 Est. Cost $6.46 Unrealized —

RYAAY RYANAIR HLDGS PLC 5.5%

Value ($000) $224,960 Shares 2,043,974 Est. Cost $66.19 Unrealized —

BRK/B BERKSHIRE HATHAWAY 3.6%

Value ($000) $145,597 Shares 533,440 Est. Cost $202.18 Unrealized +38.9%

DIS WALT DISNEY CO 3.4%

Value ($000) $139,447 Shares 824,300 Est. Cost $128.16 Unrealized +35.9%

TROW T ROWE PRICE GRP 3.4%

Value ($000) $138,241 Shares 702,800 Est. Cost $99.07 Unrealized +75.6%

— WALGREENS BOOTS ALNC 3.3%

Value ($000) $132,058 Shares 2,806,750 Est. Cost $44.45 Unrealized —

INTC INTEL CORP 3.1%

Value ($000) $125,317 Shares 2,352,040 Est. Cost $44.65 Unrealized +11.6%

CHRW C H ROBINSON WLDWIDE 3.0%

Value ($000) $123,340 Shares 1,417,700 Est. Cost $79.46 Unrealized +2.4%

MMM 3M COMPANY 3.0%

Value ($000) $122,320 Shares 697,300 Est. Cost $114.35 Unrealized +20.1%

WFC WELLS FARGO & CO 2.9%

Value ($000) $118,163 Shares 2,546,060 Est. Cost $26.02 Unrealized +59.8%

RTX RAYTHEON TECHNOLOGIE 2.8%

Value ($000) $113,080 Shares 1,315,500 Est. Cost $62.09 Unrealized +24.7%

BWA BORG WARNER INC 2.6%

Value ($000) $105,877 Shares 2,450,300 Est. Cost $31.37 Unrealized +18.8%

EXP EAGLE MATERIALS 2.5%

Value ($000) $102,961 Shares 785,000 Est. Cost $92.63 Unrealized +51.1%

CFR CULLEN FROST BANKERS 2.5%

Value ($000) $102,548 Shares 864,507 Est. Cost $71.72 Unrealized +36.4%

HSIC HENRY SCHEIN INC 2.3%

Value ($000) $92,979 Shares 1,220,842 Est. Cost $65.24 Unrealized +18.0%

MSM MSC INDL DIRECT INC 1.9%

Value ($000) $78,683 Shares 981,210 Est. Cost $74.32 Unrealized +14.2%

MKL MARKEL CORP 1.9%

Value ($000) $78,681 Shares 65,835 Est. Cost $943.87 Unrealized +30.6%

XOM EXXON MOBIL CORP 1.9%

Value ($000) $77,054 Shares 1,310,000 Est. Cost $41.69 Unrealized +16.2%

BIIB BIOGEN INC 1.6%

Value ($000) $66,220 Shares 234,000 Est. Cost $291.80 Unrealized +12.3%

CMGGF COMMERCIAL INTL BK 1.6%

Value ($000) $65,163 Shares 24,405,741 Est. Cost $3.28 Unrealized —

AXP AMERICAN EXPRESS CO 1.5%

Value ($000) $59,105 Shares 352,800 Est. Cost $95.81 Unrealized +65.2%

CHKP CHECK POINT SOFTWARE 1.4%

Value ($000) $57,922 Shares 512,400 Est. Cost $111.72 Unrealized +9.0%

JNJ JOHNSON & JOHNSON 1.1%

Value ($000) $45,898 Shares 284,200 Est. Cost $109.75 Unrealized +36.9%

GNTX GENTEX CORP 1.1%

Value ($000) $44,543 Shares 1,350,600 Est. Cost $32.29 Unrealized 0.0%

CCL CARNIVAL CORP 1.0%

Value ($000) $42,513 Shares 1,699,842 Est. Cost $24.44 Unrealized -4.8%

IPGP IPG PHOTONICS CORP 1.0%

Value ($000) $38,922 Shares 245,722 Est. Cost $169.03 Unrealized +8.7%

BDX BECTON DICKINSON 0.9%

Value ($000) $38,200 Shares 155,400 Est. Cost $204.82 Unrealized +11.3%

SLB SCHLUMBERGER LTD 0.8%

Value ($000) $33,828 Shares 1,141,300 Est. Cost $22.50 Unrealized +15.5%

GOOGL ALPHABET INC 0.7%

Value ($000) $29,286 Shares 10,954 Est. Cost $62.17 Unrealized +117.2%

DCI DONALDSON INC 0.7%

Value ($000) $26,610 Shares 463,501 Est. Cost $45.07 Unrealized +33.3%

— STATE BK OF INDIA 0.5%

Value ($000) $20,392 Shares 331,570 Est. Cost $61.50 Unrealized —

GILD GILEAD SCIENCES INC 0.5%

Value ($000) $19,202 Shares 274,900 Est. Cost $52.49 Unrealized +13.1%

BKE BUCKLE INC 0.3%

Value ($000) $13,139 Shares 331,875 Est. Cost $10.28 Unrealized +149.1%

CSL CARLISLE COS INC 0.1%

Value ($000) $5,805 Shares 29,200 Est. Cost $73.94 Unrealized +159.7%

MLM MARTIN MARIETTA MATL 0.1%

Value ($000) $4,681 Shares 13,700 Est. Cost $186.29 Unrealized +90.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	306,041	$478,189	11.8%	$961.38	—	GDR REP 1/2 ORD REGS	796050888
ABEV	AMBEV SA	125,495,637	$346,368	8.5%	$2.71	—	ADR REP 1 COM SHS	02319V103
CPA	COPA HOLDINGS	3,923,664	$319,308	7.9%	$58.78	+8.2%	CLASS A	P31076105
BBD	BANCO BRADESCO S A	74,819,198	$286,558	7.1%	$6.46	—	ADR (1 PFD)	059460303
RYAAY	RYANAIR HLDGS PLC	2,043,974	$224,960	5.5%	$66.19	—	ADR EACH REPR 5 ORD	783513203
BRK/B	BERKSHIRE HATHAWAY	533,440	$145,597	3.6%	$202.18	+38.9%	CLASS B	084670702
DIS	WALT DISNEY CO	824,300	$139,447	3.4%	$128.16	+35.9%	COM	254687106
TROW	T ROWE PRICE GRP	702,800	$138,241	3.4%	$99.07	+75.6%	COMMON	74144T108
—	WALGREENS BOOTS ALNC	2,806,750	$132,058	3.3%	$44.45	—	COMMON	931427108
INTC	INTEL CORP	2,352,040	$125,317	3.1%	$44.65	+11.6%	COMMON	458140100
CHRW	C H ROBINSON WLDWIDE	1,417,700	$123,340	3.0%	$79.46	+2.4%	COMMON	12541W209
MMM	3M COMPANY	697,300	$122,320	3.0%	$114.35	+20.1%	COMMON	88579Y101
WFC	WELLS FARGO & CO	2,546,060	$118,163	2.9%	$26.02	+59.8%	COMMON	949746101
RTX	RAYTHEON TECHNOLOGIE	1,315,500	$113,080	2.8%	$62.09	+24.7%	COM USD1	75513E101
BWA	BORG WARNER INC	2,450,300	$105,877	2.6%	$31.37	+18.8%	COMMON	099724106
EXP	EAGLE MATERIALS	785,000	$102,961	2.5%	$92.63	+51.1%	COMMON	26969P108
CFR	CULLEN FROST BANKERS	864,507	$102,548	2.5%	$71.72	+36.4%	COMMON	229899109
HSIC	HENRY SCHEIN INC	1,220,842	$92,979	2.3%	$65.24	+18.0%	COM	806407102
MSM	MSC INDL DIRECT INC	981,210	$78,683	1.9%	$74.32	+14.2%	CLASS A	553530106
MKL	MARKEL CORP	65,835	$78,681	1.9%	$943.87	+30.6%	COMMON	570535104
XOM	EXXON MOBIL CORP	1,310,000	$77,054	1.9%	$41.69	+16.2%	COMMON	30231G102
BIIB	BIOGEN INC	234,000	$66,220	1.6%	$291.80	+12.3%	COMMON	09062X103
CMGGF	COMMERCIAL INTL BK	24,405,741	$65,163	1.6%	$3.28	—	GDR REP 1 ORD EGP10	201712205
AXP	AMERICAN EXPRESS CO	352,800	$59,105	1.5%	$95.81	+65.2%	COMMON	025816109
CHKP	CHECK POINT SOFTWARE	512,400	$57,922	1.4%	$111.72	+9.0%	ORDINARY	M22465104
JNJ	JOHNSON & JOHNSON	284,200	$45,898	1.1%	$109.75	+36.9%	COMMON	478160104
GNTX	GENTEX CORP	1,350,600	$44,543	1.1%	$32.29	0.0%	COMMON	371901109
CCL	CARNIVAL CORP	1,699,842	$42,513	1.0%	$24.44	-4.8%	COMMON	143658300
IPGP	IPG PHOTONICS CORP	245,722	$38,922	1.0%	$169.03	+8.7%	COMMON	44980X109
BDX	BECTON DICKINSON	155,400	$38,200	0.9%	$204.82	+11.3%	COMMON	075887109
SLB	SCHLUMBERGER LTD	1,141,300	$33,828	0.8%	$22.50	+15.5%	COMMON	806857108
GOOGL	ALPHABET INC	10,954	$29,286	0.7%	$62.17	+117.2%	CLASS A	02079K305
DCI	DONALDSON INC	463,501	$26,610	0.7%	$45.07	+33.3%	COMMON	257651109
—	STATE BK OF INDIA	331,570	$20,392	0.5%	$61.50	—	GDR(2 INR10 REG S)	856522203
GILD	GILEAD SCIENCES INC	274,900	$19,202	0.5%	$52.49	+13.1%	COMMON	375558103
BKE	BUCKLE INC	331,875	$13,139	0.3%	$10.28	+149.1%	COMMON	118440106
CSL	CARLISLE COS INC	29,200	$5,805	0.1%	$73.94	+159.7%	COMMON	142339100
MLM	MARTIN MARIETTA MATL	13,700	$4,681	0.1%	$186.29	+90.0%	COMMON	573284106