SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q2 2022 (← Previous) (Next →)

Filing Date: Aug 11, 2022

Total Value ($000): $2,012,028 (100.0% shares, 0.0% debt)

Holdings (36)

SSNHZ SAMSUNG ELECTRONIC 13.9%

Value ($000) $278,693 Shares 255,447 Est. Cost $961.38 Unrealized —

ABEV AMBEV SA 13.2%

Value ($000) $265,295 Shares 105,695,097 Est. Cost $2.71 Unrealized —

BBD BANCO BRADESCO S A 12.4%

Value ($000) $248,942 Shares 76,362,691 Est. Cost $6.18 Unrealized —

CPA COPA HOLDINGS 11.2%

Value ($000) $225,669 Shares 3,561,135 Est. Cost $58.78 Unrealized +2.0%

RYAAY RYANAIR HLDGS PLC 5.8%

Value ($000) $115,823 Shares 1,722,274 Est. Cost $66.19 Unrealized —

CHKP CHECK POINT SOFTWARE 3.0%

Value ($000) $61,085 Shares 501,600 Est. Cost $112.05 Unrealized +14.6%

CHRW C H ROBINSON WLDWIDE 2.7%

Value ($000) $54,314 Shares 535,800 Est. Cost $79.46 Unrealized +20.1%

BRK/B BERKSHIRE HATHAWAY 2.6%

Value ($000) $52,294 Shares 191,540 Est. Cost $202.18 Unrealized +55.2%

CMGGF COMMERCIAL INTL BK 2.4%

Value ($000) $47,878 Shares 28,842,255 Est. Cost $3.29 Unrealized —

RTX RAYTHEON TECHNOLOGIE 2.3%

Value ($000) $45,450 Shares 472,900 Est. Cost $62.09 Unrealized +42.6%

— WALGREENS BOOTS ALNC 2.1%

Value ($000) $42,776 Shares 1,128,650 Est. Cost $44.45 Unrealized —

DIS WALT DISNEY CO 2.0%

Value ($000) $40,063 Shares 424,400 Est. Cost $128.16 Unrealized -15.4%

MMM 3M COMPANY 1.9%

Value ($000) $38,538 Shares 297,800 Est. Cost $114.35 Unrealized -8.0%

TROW PRICE T ROWE GROUP 1.9%

Value ($000) $38,275 Shares 336,900 Est. Cost $99.07 Unrealized +8.2%

MKL MARKEL CORP 1.8%

Value ($000) $37,071 Shares 28,665 Est. Cost $949.42 Unrealized +44.5%

BIIB BIOGEN INC 1.7%

Value ($000) $34,568 Shares 169,500 Est. Cost $282.20 Unrealized -27.6%

INTC INTEL CORP 1.7%

Value ($000) $33,521 Shares 896,040 Est. Cost $44.65 Unrealized -9.0%

HSIC HENRY SCHEIN INC 1.6%

Value ($000) $32,702 Shares 426,142 Est. Cost $65.24 Unrealized +28.5%

CFR CULLEN FROST BANKERS 1.5%

Value ($000) $30,091 Shares 258,407 Est. Cost $71.72 Unrealized +59.0%

BWA BORG WARNER INC 1.5%

Value ($000) $29,863 Shares 894,900 Est. Cost $31.37 Unrealized -0.4%

XOM EXXON MOBIL CORP 1.4%

Value ($000) $28,801 Shares 336,300 Est. Cost $41.69 Unrealized +90.9%

MSM MSC INDL DIRECT INC 1.3%

Value ($000) $26,695 Shares 355,410 Est. Cost $74.32 Unrealized +10.4%

IPGP IPG PHOTONICS CORP 1.3%

Value ($000) $26,603 Shares 282,622 Est. Cost $159.24 Unrealized -37.9%

WFC WELLS FARGO & CO 1.2%

Value ($000) $24,209 Shares 618,060 Est. Cost $26.02 Unrealized +53.6%

EXP EAGLE MATERIALS 1.0%

Value ($000) $20,361 Shares 185,200 Est. Cost $92.63 Unrealized +30.1%

DCI DONALDSON INC 1.0%

Value ($000) $19,165 Shares 398,101 Est. Cost $45.07 Unrealized +5.2%

JNJ JOHNSON & JOHNSON 0.9%

Value ($000) $18,923 Shares 106,600 Est. Cost $109.75 Unrealized +45.7%

AXP AMERICAN EXPRESS CO 0.9%

Value ($000) $17,508 Shares 126,300 Est. Cost $95.81 Unrealized +64.4%

SBKFF STATE BK OF INDIA 0.9%

Value ($000) $17,108 Shares 293,951 Est. Cost $64.30 Unrealized —

GNTX GENTEX CORP 0.7%

Value ($000) $14,307 Shares 511,500 Est. Cost $32.29 Unrealized -9.9%

META META PLATFORMS INC 0.7%

Value ($000) $13,287 Shares 82,400 Est. Cost $244.21 Unrealized -21.6%

BDX BECTON DICKINSON 0.5%

Value ($000) $10,576 Shares 42,900 Est. Cost $204.82 Unrealized +16.4%

GILD GILEAD SCIENCES INC 0.4%

Value ($000) $8,505 Shares 137,600 Est. Cost $52.81 Unrealized +2.4%

CCL CARNIVAL CORP 0.2%

Value ($000) $4,856 Shares 561,342 Est. Cost $24.44 Unrealized -40.0%

GOOGL ALPHABET INC 0.2%

Value ($000) $4,592 Shares 2,107 Est. Cost $62.17 Unrealized +88.0%

MLM MARTIN MARIETTA MATL 0.2%

Value ($000) $3,621 Shares 12,100 Est. Cost $186.29 Unrealized +79.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	255,447	$278,693	13.9%	$961.38	—	GDR REP 1/2 ORD REGS	796050888
ABEV	AMBEV SA	105,695,097	$265,295	13.2%	$2.71	—	ADR REP 1 COM SHS	02319V103
BBD	BANCO BRADESCO S A	76,362,691	$248,942	12.4%	$6.18	—	ADR (1 PFD)	059460303
CPA	COPA HOLDINGS	3,561,135	$225,669	11.2%	$58.78	+2.0%	CLASS A	P31076105
RYAAY	RYANAIR HLDGS PLC	1,722,274	$115,823	5.8%	$66.19	—	ADR EACH REPR 5 ORD	783513203
CHKP	CHECK POINT SOFTWARE	501,600	$61,085	3.0%	$112.05	+14.6%	ORDINARY	M22465104
CHRW	C H ROBINSON WLDWIDE	535,800	$54,314	2.7%	$79.46	+20.1%	COMMON	12541W209
BRK/B	BERKSHIRE HATHAWAY	191,540	$52,294	2.6%	$202.18	+55.2%	CLASS B	084670702
CMGGF	COMMERCIAL INTL BK	28,842,255	$47,878	2.4%	$3.29	—	GDR REP 1 ORD EGP10	201712205
RTX	RAYTHEON TECHNOLOGIE	472,900	$45,450	2.3%	$62.09	+42.6%	COM USD1	75513E101
—	WALGREENS BOOTS ALNC	1,128,650	$42,776	2.1%	$44.45	—	COMMON	931427108
DIS	WALT DISNEY CO	424,400	$40,063	2.0%	$128.16	-15.4%	COM	254687106
MMM	3M COMPANY	297,800	$38,538	1.9%	$114.35	-8.0%	COMMON	88579Y101
TROW	PRICE T ROWE GROUP	336,900	$38,275	1.9%	$99.07	+8.2%	COM	74144T108
MKL	MARKEL CORP	28,665	$37,071	1.8%	$949.42	+44.5%	COMMON	570535104
BIIB	BIOGEN INC	169,500	$34,568	1.7%	$282.20	-27.6%	COMMON	09062X103
INTC	INTEL CORP	896,040	$33,521	1.7%	$44.65	-9.0%	COMMON	458140100
HSIC	HENRY SCHEIN INC	426,142	$32,702	1.6%	$65.24	+28.5%	COM	806407102
CFR	CULLEN FROST BANKERS	258,407	$30,091	1.5%	$71.72	+59.0%	COMMON	229899109
BWA	BORG WARNER INC	894,900	$29,863	1.5%	$31.37	-0.4%	COMMON	099724106
XOM	EXXON MOBIL CORP	336,300	$28,801	1.4%	$41.69	+90.9%	COMMON	30231G102
MSM	MSC INDL DIRECT INC	355,410	$26,695	1.3%	$74.32	+10.4%	CLASS A	553530106
IPGP	IPG PHOTONICS CORP	282,622	$26,603	1.3%	$159.24	-37.9%	COMMON	44980X109
WFC	WELLS FARGO & CO	618,060	$24,209	1.2%	$26.02	+53.6%	COMMON	949746101
EXP	EAGLE MATERIALS	185,200	$20,361	1.0%	$92.63	+30.1%	COMMON	26969P108
DCI	DONALDSON INC	398,101	$19,165	1.0%	$45.07	+5.2%	COMMON	257651109
JNJ	JOHNSON & JOHNSON	106,600	$18,923	0.9%	$109.75	+45.7%	COMMON	478160104
AXP	AMERICAN EXPRESS CO	126,300	$17,508	0.9%	$95.81	+64.4%	COMMON	025816109
SBKFF	STATE BK OF INDIA	293,951	$17,108	0.9%	$64.30	—	GDR(2 INR10 REG S)	856552203
GNTX	GENTEX CORP	511,500	$14,307	0.7%	$32.29	-9.9%	COMMON	371901109
META	META PLATFORMS INC	82,400	$13,287	0.7%	$244.21	-21.6%	COM USD0.000006 CL A	30303M102
BDX	BECTON DICKINSON	42,900	$10,576	0.5%	$204.82	+16.4%	COMMON	075887109
GILD	GILEAD SCIENCES INC	137,600	$8,505	0.4%	$52.81	+2.4%	COMMON	375558103
CCL	CARNIVAL CORP	561,342	$4,856	0.2%	$24.44	-40.0%	COMMON	143658300
GOOGL	ALPHABET INC	2,107	$4,592	0.2%	$62.17	+88.0%	CLASS A	02079K305
MLM	MARTIN MARIETTA MATL	12,100	$3,621	0.2%	$186.29	+79.0%	COMMON	573284106