SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: Feb 8, 2023

Total Value ($000): $1,806,803 (100.0% shares, 0.0% debt)

Holdings (35)

SSNHZ SAMSUNG ELECTRONIC 17.0%

Value ($000) $307,846 Shares 278,594 Est. Cost $968.65 Unrealized —

CPA COPA HOLDINGS 14.9%

Value ($000) $268,501 Shares 3,228,335 Est. Cost $58.78 Unrealized +13.9%

ABEV AMBEV SA 14.1%

Value ($000) $254,544 Shares 93,582,260 Est. Cost $2.71 Unrealized —

BBD BANCO BRADESCO S A 13.3%

Value ($000) $240,559 Shares 83,527,415 Est. Cost $5.79 Unrealized —

RYAAY RYANAIR HLDGS PLC 12.8%

Value ($000) $231,971 Shares 3,102,874 Est. Cost $65.49 Unrealized —

CHKP CHECK POINT SOFTWARE 3.2%

Value ($000) $57,087 Shares 452,500 Est. Cost $112.05 Unrealized +11.4%

CMGGF COMMERCIAL INTL BK 2.1%

Value ($000) $37,561 Shares 31,458,344 Est. Cost $2.96 Unrealized —

BRK/B BERKSHIRE HATHAWAY 1.7%

Value ($000) $30,099 Shares 97,440 Est. Cost $202.18 Unrealized +46.9%

CHRW C H ROBINSON WLDWIDE 1.4%

Value ($000) $24,401 Shares 266,500 Est. Cost $79.46 Unrealized +10.7%

RTX RAYTHEON TECHNOLOGIE 1.2%

Value ($000) $22,253 Shares 220,500 Est. Cost $62.09 Unrealized +41.2%

— WALGREENS BOOTS ALNC 1.1%

Value ($000) $20,733 Shares 554,950 Est. Cost $44.45 Unrealized —

HSIC HENRY SCHEIN INC 1.1%

Value ($000) $20,447 Shares 256,000 Est. Cost $65.24 Unrealized +16.1%

DIS WALT DISNEY CO 1.1%

Value ($000) $20,347 Shares 234,200 Est. Cost $128.16 Unrealized -27.1%

MKL MARKEL CORP 1.1%

Value ($000) $19,557 Shares 14,844 Est. Cost $949.42 Unrealized +30.3%

BWA BORG WARNER INC 1.1%

Value ($000) $19,155 Shares 475,900 Est. Cost $31.37 Unrealized +3.8%

BIIB BIOGEN INC 1.1%

Value ($000) $19,024 Shares 68,700 Est. Cost $282.20 Unrealized +0.1%

TROW PRICE T ROWE GROUP 1.0%

Value ($000) $18,094 Shares 165,909 Est. Cost $99.07 Unrealized -1.6%

SBKFF STATE BK OF INDIA 0.9%

Value ($000) $16,493 Shares 222,280 Est. Cost $74.20 Unrealized —

MMM 3M COMPANY 0.9%

Value ($000) $16,258 Shares 135,577 Est. Cost $114.35 Unrealized -20.7%

CFR CULLEN FROST BANKERS 0.8%

Value ($000) $15,028 Shares 112,400 Est. Cost $71.72 Unrealized +79.1%

MSM MSC INDL DIRECT INC 0.8%

Value ($000) $14,780 Shares 180,900 Est. Cost $74.32 Unrealized +9.7%

XOM EXXON MOBIL CORP 0.7%

Value ($000) $13,545 Shares 122,800 Est. Cost $41.69 Unrealized +131.0%

IPGP IPG PHOTONICS CORP 0.7%

Value ($000) $13,320 Shares 140,700 Est. Cost $159.24 Unrealized -43.7%

EXP EAGLE MATERIALS 0.7%

Value ($000) $12,488 Shares 94,000 Est. Cost $92.63 Unrealized +34.2%

INTC INTEL CORP 0.7%

Value ($000) $11,961 Shares 452,540 Est. Cost $44.65 Unrealized -40.3%

META META PLATFORMS INC 0.6%

Value ($000) $11,420 Shares 94,900 Est. Cost $212.48 Unrealized -45.1%

JNJ JOHNSON & JOHNSON 0.6%

Value ($000) $11,005 Shares 62,300 Est. Cost $109.75 Unrealized +43.1%

WFC WELLS FARGO & CO 0.6%

Value ($000) $10,928 Shares 264,660 Est. Cost $26.02 Unrealized +56.9%

DCI DONALDSON INC 0.6%

Value ($000) $10,208 Shares 173,401 Est. Cost $45.07 Unrealized +20.7%

AXP AMERICAN EXPRESS CO 0.5%

Value ($000) $9,382 Shares 63,500 Est. Cost $95.81 Unrealized +48.6%

GNTX GENTEX CORP 0.5%

Value ($000) $8,685 Shares 318,500 Est. Cost $32.29 Unrealized -17.4%

GILD GILEAD SCIENCES INC 0.5%

Value ($000) $8,662 Shares 100,900 Est. Cost $52.81 Unrealized +34.1%

BDX BECTON DICKINSON 0.2%

Value ($000) $4,476 Shares 17,600 Est. Cost $204.82 Unrealized +9.0%

MLM MARTIN MARIETTA MATL 0.2%

Value ($000) $3,853 Shares 11,400 Est. Cost $186.29 Unrealized +79.7%

GOOGL ALPHABET INC 0.1%

Value ($000) $2,132 Shares 24,162 Est. Cost $106.65 Unrealized -11.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	278,594	$307,846	17.0%	$968.65	—	GDR REP 1/2 ORD REGS	796050888
CPA	COPA HOLDINGS	3,228,335	$268,501	14.9%	$58.78	+13.9%	CLASS A	P31076105
ABEV	AMBEV SA	93,582,260	$254,544	14.1%	$2.71	—	ADR REP 1 COM SHS	02319V103
BBD	BANCO BRADESCO S A	83,527,415	$240,559	13.3%	$5.79	—	ADR (1 PFD)	059460303
RYAAY	RYANAIR HLDGS PLC	3,102,874	$231,971	12.8%	$65.49	—	ADR EACH REPR 5 ORD	783513203
CHKP	CHECK POINT SOFTWARE	452,500	$57,087	3.2%	$112.05	+11.4%	ORDINARY	M22465104
CMGGF	COMMERCIAL INTL BK	31,458,344	$37,561	2.1%	$2.96	—	GDR REP 1 ORD EGP10	201712205
BRK/B	BERKSHIRE HATHAWAY	97,440	$30,099	1.7%	$202.18	+46.9%	CLASS B	084670702
CHRW	C H ROBINSON WLDWIDE	266,500	$24,401	1.4%	$79.46	+10.7%	COMMON	12541W209
RTX	RAYTHEON TECHNOLOGIE	220,500	$22,253	1.2%	$62.09	+41.2%	COM USD1	75513E101
—	WALGREENS BOOTS ALNC	554,950	$20,733	1.1%	$44.45	—	COMMON	931427108
HSIC	HENRY SCHEIN INC	256,000	$20,447	1.1%	$65.24	+16.1%	COM	806407102
DIS	WALT DISNEY CO	234,200	$20,347	1.1%	$128.16	-27.1%	COM	254687106
MKL	MARKEL CORP	14,844	$19,557	1.1%	$949.42	+30.3%	COMMON	570535104
BWA	BORG WARNER INC	475,900	$19,155	1.1%	$31.37	+3.8%	COMMON	099724106
BIIB	BIOGEN INC	68,700	$19,024	1.1%	$282.20	+0.1%	COMMON	09062X103
TROW	PRICE T ROWE GROUP	165,909	$18,094	1.0%	$99.07	-1.6%	COM	74144T108
SBKFF	STATE BK OF INDIA	222,280	$16,493	0.9%	$74.20	—	GDR(2 INR10 REG S)	856552203
MMM	3M COMPANY	135,577	$16,258	0.9%	$114.35	-20.7%	COMMON	88579Y101
CFR	CULLEN FROST BANKERS	112,400	$15,028	0.8%	$71.72	+79.1%	COMMON	229899109
MSM	MSC INDL DIRECT INC	180,900	$14,780	0.8%	$74.32	+9.7%	CLASS A	553530106
XOM	EXXON MOBIL CORP	122,800	$13,545	0.7%	$41.69	+131.0%	COMMON	30231G102
IPGP	IPG PHOTONICS CORP	140,700	$13,320	0.7%	$159.24	-43.7%	COMMON	44980X109
EXP	EAGLE MATERIALS	94,000	$12,488	0.7%	$92.63	+34.2%	COMMON	26969P108
INTC	INTEL CORP	452,540	$11,961	0.7%	$44.65	-40.3%	COMMON	458140100
META	META PLATFORMS INC	94,900	$11,420	0.6%	$212.48	-45.1%	COM USD0.000006 CL A	30303M102
JNJ	JOHNSON & JOHNSON	62,300	$11,005	0.6%	$109.75	+43.1%	COMMON	478160104
WFC	WELLS FARGO & CO	264,660	$10,928	0.6%	$26.02	+56.9%	COMMON	949746101
DCI	DONALDSON INC	173,401	$10,208	0.6%	$45.07	+20.7%	COMMON	257651109
AXP	AMERICAN EXPRESS CO	63,500	$9,382	0.5%	$95.81	+48.6%	COMMON	025816109
GNTX	GENTEX CORP	318,500	$8,685	0.5%	$32.29	-17.4%	COMMON	371901109
GILD	GILEAD SCIENCES INC	100,900	$8,662	0.5%	$52.81	+34.1%	COMMON	375558103
BDX	BECTON DICKINSON	17,600	$4,476	0.2%	$204.82	+9.0%	COMMON	075887109
MLM	MARTIN MARIETTA MATL	11,400	$3,853	0.2%	$186.29	+79.7%	COMMON	573284106
GOOGL	ALPHABET INC	24,162	$2,132	0.1%	$106.65	-11.6%	CLASS A	02079K305