SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: Nov 9, 2022

Total Value ($000): $1,743,969 (100.0% shares, 0.0% debt)

Holdings (35)

ABEV AMBEV SA 16.1%

Value ($000) $280,039 Shares 98,953,797 Est. Cost $2.71 Unrealized —

BBD BANCO BRADESCO S A 15.5%

Value ($000) $270,476 Shares 73,498,991 Est. Cost $6.18 Unrealized —

SSNHZ SAMSUNG ELECTRONIC 13.9%

Value ($000) $242,059 Shares 262,537 Est. Cost $960.31 Unrealized —

CPA COPA HOLDINGS 13.0%

Value ($000) $227,186 Shares 3,390,335 Est. Cost $58.78 Unrealized +0.7%

RYAAY RYANAIR HLDGS PLC 8.6%

Value ($000) $150,655 Shares 2,578,834 Est. Cost $63.61 Unrealized —

CHKP CHECK POINT SOFTWARE 3.1%

Value ($000) $53,579 Shares 478,300 Est. Cost $112.05 Unrealized +8.0%

CMGGF COMMERCIAL INTL BK 2.2%

Value ($000) $37,877 Shares 34,001,174 Est. Cost $2.96 Unrealized —

CHRW C H ROBINSON WLDWIDE 1.9%

Value ($000) $33,323 Shares 346,000 Est. Cost $79.46 Unrealized +24.2%

BRK/B BERKSHIRE HATHAWAY 1.9%

Value ($000) $32,934 Shares 123,340 Est. Cost $202.18 Unrealized +40.7%

DIS WALT DISNEY CO 1.6%

Value ($000) $27,507 Shares 291,600 Est. Cost $128.16 Unrealized -18.4%

BIIB BIOGEN INC 1.5%

Value ($000) $25,766 Shares 96,500 Est. Cost $282.20 Unrealized -24.7%

RTX RAYTHEON TECHNOLOGIE 1.4%

Value ($000) $24,746 Shares 302,300 Est. Cost $62.09 Unrealized +35.0%

— WALGREENS BOOTS ALNC 1.3%

Value ($000) $23,216 Shares 739,350 Est. Cost $44.45 Unrealized —

TROW PRICE T ROWE GROUP 1.3%

Value ($000) $22,773 Shares 216,862 Est. Cost $99.07 Unrealized +2.7%

CFR CULLEN FROST BANKERS 1.3%

Value ($000) $22,571 Shares 170,707 Est. Cost $71.72 Unrealized +64.2%

MKL MARKEL CORP 1.2%

Value ($000) $21,744 Shares 20,055 Est. Cost $949.42 Unrealized +28.5%

HSIC HENRY SCHEIN INC 1.2%

Value ($000) $20,661 Shares 314,142 Est. Cost $65.24 Unrealized +13.8%

MMM 3M COMPANY 1.2%

Value ($000) $20,086 Shares 181,777 Est. Cost $114.35 Unrealized -15.7%

BWA BORG WARNER INC 1.1%

Value ($000) $19,433 Shares 618,900 Est. Cost $31.37 Unrealized -2.0%

XOM EXXON MOBIL CORP 1.1%

Value ($000) $18,911 Shares 216,600 Est. Cost $41.69 Unrealized +95.2%

— STATE BK OF INDIA 1.0%

Value ($000) $18,095 Shares 277,960 Est. Cost $65.10 Unrealized —

MSM MSC INDL DIRECT INC 0.9%

Value ($000) $16,543 Shares 227,210 Est. Cost $74.32 Unrealized +6.1%

IPGP IPG PHOTONICS CORP 0.9%

Value ($000) $15,995 Shares 189,622 Est. Cost $159.24 Unrealized -40.3%

INTC INTEL CORP 0.9%

Value ($000) $15,545 Shares 603,240 Est. Cost $44.65 Unrealized -27.6%

WFC WELLS FARGO & CO 0.8%

Value ($000) $14,381 Shares 357,560 Est. Cost $26.02 Unrealized +51.3%

DCI DONALDSON INC 0.8%

Value ($000) $13,439 Shares 274,201 Est. Cost $45.07 Unrealized +9.6%

EXP EAGLE MATERIALS 0.7%

Value ($000) $12,551 Shares 117,100 Est. Cost $92.63 Unrealized +26.9%

JNJ JOHNSON & JOHNSON 0.7%

Value ($000) $12,040 Shares 73,700 Est. Cost $109.75 Unrealized +39.3%

AXP AMERICAN EXPRESS CO 0.6%

Value ($000) $10,928 Shares 81,000 Est. Cost $95.81 Unrealized +51.3%

META META PLATFORMS INC 0.6%

Value ($000) $9,674 Shares 71,300 Est. Cost $244.21 Unrealized -34.1%

GNTX GENTEX CORP 0.5%

Value ($000) $9,104 Shares 381,900 Est. Cost $32.29 Unrealized -15.0%

GILD GILEAD SCIENCES INC 0.4%

Value ($000) $7,742 Shares 125,500 Est. Cost $52.81 Unrealized +5.6%

BDX BECTON DICKINSON 0.3%

Value ($000) $5,727 Shares 25,700 Est. Cost $204.82 Unrealized +14.5%

MLM MARTIN MARIETTA MATL 0.2%

Value ($000) $3,833 Shares 11,900 Est. Cost $186.29 Unrealized +78.0%

GOOGL ALPHABET INC 0.2%

Value ($000) $2,830 Shares 29,584 Est. Cost $106.65 Unrealized +3.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ABEV	AMBEV SA	98,953,797	$280,039	16.1%	$2.71	—	ADR REP 1 COM SHS	02319V103
BBD	BANCO BRADESCO S A	73,498,991	$270,476	15.5%	$6.18	—	ADR (1 PFD)	059460303
SSNHZ	SAMSUNG ELECTRONIC	262,537	$242,059	13.9%	$960.31	—	GDR REP 1/2 ORD REGS	796050888
CPA	COPA HOLDINGS	3,390,335	$227,186	13.0%	$58.78	+0.7%	CLASS A	P31076105
RYAAY	RYANAIR HLDGS PLC	2,578,834	$150,655	8.6%	$63.61	—	ADR EACH REPR 5 ORD	783513203
CHKP	CHECK POINT SOFTWARE	478,300	$53,579	3.1%	$112.05	+8.0%	ORDINARY	M22465104
CMGGF	COMMERCIAL INTL BK	34,001,174	$37,877	2.2%	$2.96	—	GDR REP 1 ORD EGP10	201712205
CHRW	C H ROBINSON WLDWIDE	346,000	$33,323	1.9%	$79.46	+24.2%	COMMON	12541W209
BRK/B	BERKSHIRE HATHAWAY	123,340	$32,934	1.9%	$202.18	+40.7%	CLASS B	084670702
DIS	WALT DISNEY CO	291,600	$27,507	1.6%	$128.16	-18.4%	COM	254687106
BIIB	BIOGEN INC	96,500	$25,766	1.5%	$282.20	-24.7%	COMMON	09062X103
RTX	RAYTHEON TECHNOLOGIE	302,300	$24,746	1.4%	$62.09	+35.0%	COM USD1	75513E101
—	WALGREENS BOOTS ALNC	739,350	$23,216	1.3%	$44.45	—	COMMON	931427108
TROW	PRICE T ROWE GROUP	216,862	$22,773	1.3%	$99.07	+2.7%	COM	74144T108
CFR	CULLEN FROST BANKERS	170,707	$22,571	1.3%	$71.72	+64.2%	COMMON	229899109
MKL	MARKEL CORP	20,055	$21,744	1.2%	$949.42	+28.5%	COMMON	570535104
HSIC	HENRY SCHEIN INC	314,142	$20,661	1.2%	$65.24	+13.8%	COM	806407102
MMM	3M COMPANY	181,777	$20,086	1.2%	$114.35	-15.7%	COMMON	88579Y101
BWA	BORG WARNER INC	618,900	$19,433	1.1%	$31.37	-2.0%	COMMON	099724106
XOM	EXXON MOBIL CORP	216,600	$18,911	1.1%	$41.69	+95.2%	COMMON	30231G102
—	STATE BK OF INDIA	277,960	$18,095	1.0%	$65.10	—	GDR(2 INR10 REG S)	856522203
MSM	MSC INDL DIRECT INC	227,210	$16,543	0.9%	$74.32	+6.1%	CLASS A	553530106
IPGP	IPG PHOTONICS CORP	189,622	$15,995	0.9%	$159.24	-40.3%	COMMON	44980X109
INTC	INTEL CORP	603,240	$15,545	0.9%	$44.65	-27.6%	COMMON	458140100
WFC	WELLS FARGO & CO	357,560	$14,381	0.8%	$26.02	+51.3%	COMMON	949746101
DCI	DONALDSON INC	274,201	$13,439	0.8%	$45.07	+9.6%	COMMON	257651109
EXP	EAGLE MATERIALS	117,100	$12,551	0.7%	$92.63	+26.9%	COMMON	26969P108
JNJ	JOHNSON & JOHNSON	73,700	$12,040	0.7%	$109.75	+39.3%	COMMON	478160104
AXP	AMERICAN EXPRESS CO	81,000	$10,928	0.6%	$95.81	+51.3%	COMMON	025816109
META	META PLATFORMS INC	71,300	$9,674	0.6%	$244.21	-34.1%	COM USD0.000006 CL A	30303M102
GNTX	GENTEX CORP	381,900	$9,104	0.5%	$32.29	-15.0%	COMMON	371901109
GILD	GILEAD SCIENCES INC	125,500	$7,742	0.4%	$52.81	+5.6%	COMMON	375558103
BDX	BECTON DICKINSON	25,700	$5,727	0.3%	$204.82	+14.5%	COMMON	075887109
MLM	MARTIN MARIETTA MATL	11,900	$3,833	0.2%	$186.29	+78.0%	COMMON	573284106
GOOGL	ALPHABET INC	29,584	$2,830	0.2%	$106.65	+3.2%	CLASS A	02079K305