SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 16, 2022

Total Value ($000): $3,113,315 (100.0% shares, 0.0% debt)

Holdings (37)

SSNHZ SAMSUNG ELECTRONIC 12.6%

Value ($000) $392,468 Shares 276,581 Est. Cost $961.38 Unrealized —

ABEV AMBEV SA 12.0%

Value ($000) $372,697 Shares 115,386,037 Est. Cost $2.71 Unrealized —

BBD BANCO BRADESCO S A 11.1%

Value ($000) $344,803 Shares 74,310,898 Est. Cost $6.26 Unrealized —

CPA COPA HOLDINGS 9.7%

Value ($000) $301,448 Shares 3,604,110 Est. Cost $58.78 Unrealized +19.0%

RYAAY RYANAIR HLDGS PLC 4.8%

Value ($000) $149,975 Shares 1,721,474 Est. Cost $66.19 Unrealized —

BRK/B BERKSHIRE HATHAWAY 3.4%

Value ($000) $107,299 Shares 304,040 Est. Cost $202.18 Unrealized +60.0%

CHRW C H ROBINSON WLDWIDE 3.0%

Value ($000) $92,254 Shares 856,500 Est. Cost $79.46 Unrealized +16.3%

TROW T ROWE PRICE GRP 2.5%

Value ($000) $76,321 Shares 504,800 Est. Cost $99.07 Unrealized +30.2%

RTX RAYTHEON TECHNOLOGIE 2.4%

Value ($000) $76,215 Shares 769,300 Est. Cost $62.09 Unrealized +39.7%

— WALGREENS BOOTS ALNC 2.4%

Value ($000) $74,128 Shares 1,655,750 Est. Cost $44.45 Unrealized —

CHKP CHECK POINT SOFTWARE 2.3%

Value ($000) $73,126 Shares 528,900 Est. Cost $112.05 Unrealized +16.5%

MMM 3M COMPANY 2.3%

Value ($000) $72,892 Shares 489,600 Est. Cost $114.35 Unrealized +0.2%

MKL MARKEL CORP 2.3%

Value ($000) $72,117 Shares 48,885 Est. Cost $949.42 Unrealized +36.1%

INTC INTEL CORP 2.3%

Value ($000) $71,021 Shares 1,433,040 Est. Cost $44.65 Unrealized +3.4%

CMGGF COMMERCIAL INTL BK 2.2%

Value ($000) $67,049 Shares 28,653,447 Est. Cost $3.29 Unrealized —

DIS WALT DISNEY CO 2.1%

Value ($000) $66,440 Shares 484,400 Est. Cost $128.16 Unrealized +10.2%

HSIC HENRY SCHEIN INC 2.0%

Value ($000) $61,725 Shares 707,942 Est. Cost $65.24 Unrealized +24.8%

XOM EXXON MOBIL CORP 2.0%

Value ($000) $61,587 Shares 745,700 Est. Cost $41.69 Unrealized +62.9%

BWA BORG WARNER INC 1.9%

Value ($000) $59,404 Shares 1,527,100 Est. Cost $31.37 Unrealized +12.5%

CFR CULLEN FROST BANKERS 1.8%

Value ($000) $56,915 Shares 411,207 Est. Cost $71.72 Unrealized +72.2%

BIIB BIOGEN INC 1.8%

Value ($000) $55,641 Shares 264,200 Est. Cost $282.20 Unrealized -22.9%

WFC WELLS FARGO & CO 1.6%

Value ($000) $48,371 Shares 998,160 Est. Cost $26.02 Unrealized +86.4%

MSM MSC INDL DIRECT INC 1.5%

Value ($000) $47,880 Shares 561,910 Est. Cost $74.32 Unrealized +9.0%

IPGP IPG PHOTONICS CORP 1.4%

Value ($000) $43,303 Shares 394,522 Est. Cost $159.24 Unrealized -13.7%

EXP EAGLE MATERIALS 1.3%

Value ($000) $41,332 Shares 322,000 Est. Cost $92.63 Unrealized +49.7%

AXP AMERICAN EXPRESS CO 1.2%

Value ($000) $37,755 Shares 201,900 Est. Cost $95.81 Unrealized +79.3%

JNJ JOHNSON & JOHNSON 1.0%

Value ($000) $29,668 Shares 167,400 Est. Cost $109.75 Unrealized +38.3%

GNTX GENTEX CORP 0.7%

Value ($000) $23,327 Shares 799,700 Est. Cost $32.29 Unrealized -3.7%

BDX BECTON DICKINSON 0.7%

Value ($000) $22,025 Shares 82,800 Est. Cost $204.82 Unrealized +17.7%

DCI DONALDSON INC 0.7%

Value ($000) $21,115 Shares 406,601 Est. Cost $45.07 Unrealized +13.4%

SBKFF STATE BK OF INDIA 0.6%

Value ($000) $20,140 Shares 313,217 Est. Cost $64.30 Unrealized —

CCL CARNIVAL CORP 0.6%

Value ($000) $19,582 Shares 968,442 Est. Cost $24.44 Unrealized -17.3%

META META PLATFORMS INC 0.5%

Value ($000) $17,033 Shares 76,600 Est. Cost $248.19 Unrealized 0.0%

GILD GILEAD SCIENCES INC 0.5%

Value ($000) $16,765 Shares 282,000 Est. Cost $52.81 Unrealized +4.4%

GOOGL ALPHABET INC 0.4%

Value ($000) $12,227 Shares 4,396 Est. Cost $62.17 Unrealized +116.8%

MLM MARTIN MARIETTA MATL 0.2%

Value ($000) $4,734 Shares 12,300 Est. Cost $186.29 Unrealized +103.0%

CSL CARLISLE COS INC 0.1%

Value ($000) $2,533 Shares 10,300 Est. Cost $73.94 Unrealized +203.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	276,581	$392,468	12.6%	$961.38	—	GDR REP 1/2 ORD REGS	796050888
ABEV	AMBEV SA	115,386,037	$372,697	12.0%	$2.71	—	ADR REP 1 COM SHS	02319V103
BBD	BANCO BRADESCO S A	74,310,898	$344,803	11.1%	$6.26	—	ADR (1 PFD)	059460303
CPA	COPA HOLDINGS	3,604,110	$301,448	9.7%	$58.78	+19.0%	CLASS A	P31076105
RYAAY	RYANAIR HLDGS PLC	1,721,474	$149,975	4.8%	$66.19	—	ADR EACH REPR 5 ORD	783513203
BRK/B	BERKSHIRE HATHAWAY	304,040	$107,299	3.4%	$202.18	+60.0%	CLASS B	084670702
CHRW	C H ROBINSON WLDWIDE	856,500	$92,254	3.0%	$79.46	+16.3%	COMMON	12541W209
TROW	T ROWE PRICE GRP	504,800	$76,321	2.5%	$99.07	+30.2%	COMMON	74144T108
RTX	RAYTHEON TECHNOLOGIE	769,300	$76,215	2.4%	$62.09	+39.7%	COM USD1	75513E101
—	WALGREENS BOOTS ALNC	1,655,750	$74,128	2.4%	$44.45	—	COMMON	931427108
CHKP	CHECK POINT SOFTWARE	528,900	$73,126	2.3%	$112.05	+16.5%	ORDINARY	M22465104
MMM	3M COMPANY	489,600	$72,892	2.3%	$114.35	+0.2%	COMMON	88579Y101
MKL	MARKEL CORP	48,885	$72,117	2.3%	$949.42	+36.1%	COMMON	570535104
INTC	INTEL CORP	1,433,040	$71,021	2.3%	$44.65	+3.4%	COMMON	458140100
CMGGF	COMMERCIAL INTL BK	28,653,447	$67,049	2.2%	$3.29	—	GDR REP 1 ORD EGP10	201712205
DIS	WALT DISNEY CO	484,400	$66,440	2.1%	$128.16	+10.2%	COM	254687106
HSIC	HENRY SCHEIN INC	707,942	$61,725	2.0%	$65.24	+24.8%	COM	806407102
XOM	EXXON MOBIL CORP	745,700	$61,587	2.0%	$41.69	+62.9%	COMMON	30231G102
BWA	BORG WARNER INC	1,527,100	$59,404	1.9%	$31.37	+12.5%	COMMON	099724106
CFR	CULLEN FROST BANKERS	411,207	$56,915	1.8%	$71.72	+72.2%	COMMON	229899109
BIIB	BIOGEN INC	264,200	$55,641	1.8%	$282.20	-22.9%	COMMON	09062X103
WFC	WELLS FARGO & CO	998,160	$48,371	1.6%	$26.02	+86.4%	COMMON	949746101
MSM	MSC INDL DIRECT INC	561,910	$47,880	1.5%	$74.32	+9.0%	CLASS A	553530106
IPGP	IPG PHOTONICS CORP	394,522	$43,303	1.4%	$159.24	-13.7%	COMMON	44980X109
EXP	EAGLE MATERIALS	322,000	$41,332	1.3%	$92.63	+49.7%	COMMON	26969P108
AXP	AMERICAN EXPRESS CO	201,900	$37,755	1.2%	$95.81	+79.3%	COMMON	025816109
JNJ	JOHNSON & JOHNSON	167,400	$29,668	1.0%	$109.75	+38.3%	COMMON	478160104
GNTX	GENTEX CORP	799,700	$23,327	0.7%	$32.29	-3.7%	COMMON	371901109
BDX	BECTON DICKINSON	82,800	$22,025	0.7%	$204.82	+17.7%	COMMON	075887109
DCI	DONALDSON INC	406,601	$21,115	0.7%	$45.07	+13.4%	COMMON	257651109
SBKFF	STATE BK OF INDIA	313,217	$20,140	0.6%	$64.30	—	GDR(2 INR10 REG S)	856552203
CCL	CARNIVAL CORP	968,442	$19,582	0.6%	$24.44	-17.3%	COMMON	143658300
META	META PLATFORMS INC	76,600	$17,033	0.5%	$248.19	0.0%	COM USD0.000006 CL A	30303M102
GILD	GILEAD SCIENCES INC	282,000	$16,765	0.5%	$52.81	+4.4%	COMMON	375558103
GOOGL	ALPHABET INC	4,396	$12,227	0.4%	$62.17	+116.8%	CLASS A	02079K305
MLM	MARTIN MARIETTA MATL	12,300	$4,734	0.2%	$186.29	+103.0%	COMMON	573284106
CSL	CARLISLE COS INC	10,300	$2,533	0.1%	$73.94	+203.0%	COMMON	142339100