SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 10, 2023

Total Value ($000): $1,839,196 (100.0% shares, 0.0% debt)

Holdings (35)

SSNHZ SAMSUNG ELECTRONIC 17.7%

Value ($000) $326,221 Shares 265,544 Est. Cost $968.65 Unrealized —

CPA COPA HOLDINGS 15.0%

Value ($000) $275,271 Shares 2,980,735 Est. Cost $58.78 Unrealized +31.3%

RYAAY RYANAIR HLDGS PLC 14.4%

Value ($000) $264,288 Shares 2,802,924 Est. Cost $65.49 Unrealized —

ABEV AMBEV SA 13.3%

Value ($000) $244,020 Shares 86,532,060 Est. Cost $2.71 Unrealized —

BBD BANCO BRADESCO S A 12.6%

Value ($000) $230,847 Shares 88,109,715 Est. Cost $5.62 Unrealized —

CHKP CHECK POINT SOFTWARE 3.1%

Value ($000) $57,408 Shares 441,600 Est. Cost $112.05 Unrealized +13.6%

CMGGF COMMERCIAL INTL BK 2.2%

Value ($000) $39,979 Shares 30,991,399 Est. Cost $2.96 Unrealized —

BRK/B BERKSHIRE HATHAWAY 1.6%

Value ($000) $28,543 Shares 92,440 Est. Cost $202.18 Unrealized +52.4%

CHRW C H ROBINSON WLDWIDE 1.3%

Value ($000) $23,819 Shares 239,700 Est. Cost $79.46 Unrealized +15.2%

DIS WALT DISNEY CO 1.2%

Value ($000) $22,810 Shares 227,800 Est. Cost $128.16 Unrealized -23.1%

BWA BORG WARNER INC 1.2%

Value ($000) $22,262 Shares 453,300 Est. Cost $31.37 Unrealized +26.8%

META META PLATFORMS INC 1.1%

Value ($000) $19,944 Shares 94,100 Est. Cost $212.48 Unrealized -20.4%

BIIB BIOGEN INC 1.1%

Value ($000) $19,851 Shares 71,400 Est. Cost $282.00 Unrealized -1.9%

HSIC HENRY SCHEIN INC 1.1%

Value ($000) $19,765 Shares 242,400 Est. Cost $65.24 Unrealized +24.9%

RTX RAYTHEON TECHNOLOGIE 1.1%

Value ($000) $19,380 Shares 197,900 Est. Cost $62.09 Unrealized +48.6%

MKL MARKEL CORP 1.0%

Value ($000) $18,464 Shares 14,454 Est. Cost $949.42 Unrealized +39.9%

TROW PRICE T ROWE GROUP 1.0%

Value ($000) $18,206 Shares 161,256 Est. Cost $99.07 Unrealized +0.4%

— WALGREENS BOOTS ALNC 0.9%

Value ($000) $17,357 Shares 501,950 Est. Cost $44.45 Unrealized —

IPGP IPG PHOTONICS CORP 0.9%

Value ($000) $16,733 Shares 135,700 Est. Cost $159.24 Unrealized -27.3%

INTC INTEL CORP 0.8%

Value ($000) $14,641 Shares 448,140 Est. Cost $44.65 Unrealized -38.4%

MSM MSC INDL DIRECT INC 0.8%

Value ($000) $14,633 Shares 174,200 Est. Cost $74.32 Unrealized +11.5%

MMM 3M COMPANY 0.7%

Value ($000) $13,000 Shares 123,677 Est. Cost $114.35 Unrealized -25.8%

EXP EAGLE MATERIALS 0.7%

Value ($000) $12,430 Shares 84,700 Est. Cost $92.63 Unrealized +50.9%

CFR CULLEN FROST BANKERS 0.7%

Value ($000) $12,399 Shares 117,700 Est. Cost $73.60 Unrealized +53.9%

SBKFF STATE BK OF INDIA 0.6%

Value ($000) $11,278 Shares 178,160 Est. Cost $74.20 Unrealized —

DCI DONALDSON INC 0.6%

Value ($000) $11,003 Shares 168,401 Est. Cost $45.07 Unrealized +33.0%

AXP AMERICAN EXPRESS CO 0.6%

Value ($000) $10,252 Shares 62,150 Est. Cost $95.81 Unrealized +67.0%

JNJ JOHNSON & JOHNSON 0.5%

Value ($000) $9,502 Shares 61,300 Est. Cost $109.75 Unrealized +34.7%

XOM EXXON MOBIL CORP 0.5%

Value ($000) $8,937 Shares 81,500 Est. Cost $41.69 Unrealized +140.3%

WFC WELLS FARGO & CO 0.5%

Value ($000) $8,831 Shares 236,260 Est. Cost $26.02 Unrealized +55.5%

GNTX GENTEX CORP 0.5%

Value ($000) $8,650 Shares 308,600 Est. Cost $32.29 Unrealized -12.7%

GILD GILEAD SCIENCES INC 0.4%

Value ($000) $8,264 Shares 99,600 Est. Cost $52.81 Unrealized +41.4%

BDX BECTON DICKINSON 0.2%

Value ($000) $4,084 Shares 16,500 Est. Cost $204.82 Unrealized +13.4%

MLM MARTIN MARIETTA MATL 0.2%

Value ($000) $3,693 Shares 10,400 Est. Cost $186.29 Unrealized +85.1%

GOOGL ALPHABET INC 0.1%

Value ($000) $2,434 Shares 23,462 Est. Cost $106.65 Unrealized -10.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	265,544	$326,221	17.7%	$968.65	—	GDR REP 1/2 ORD REGS	796050888
CPA	COPA HOLDINGS	2,980,735	$275,271	15.0%	$58.78	+31.3%	CLASS A	P31076105
RYAAY	RYANAIR HLDGS PLC	2,802,924	$264,288	14.4%	$65.49	—	ADR EACH REPR 5 ORD	783513203
ABEV	AMBEV SA	86,532,060	$244,020	13.3%	$2.71	—	ADR REP 1 COM SHS	02319V103
BBD	BANCO BRADESCO S A	88,109,715	$230,847	12.6%	$5.62	—	ADR (1 PFD)	059460303
CHKP	CHECK POINT SOFTWARE	441,600	$57,408	3.1%	$112.05	+13.6%	ORDINARY	M22465104
CMGGF	COMMERCIAL INTL BK	30,991,399	$39,979	2.2%	$2.96	—	GDR REP 1 ORD EGP10	201712205
BRK/B	BERKSHIRE HATHAWAY	92,440	$28,543	1.6%	$202.18	+52.4%	CLASS B	084670702
CHRW	C H ROBINSON WLDWIDE	239,700	$23,819	1.3%	$79.46	+15.2%	COMMON	12541W209
DIS	WALT DISNEY CO	227,800	$22,810	1.2%	$128.16	-23.1%	COM	254687106
BWA	BORG WARNER INC	453,300	$22,262	1.2%	$31.37	+26.8%	COMMON	099724106
META	META PLATFORMS INC	94,100	$19,944	1.1%	$212.48	-20.4%	COM USD0.000006 CL A	30303M102
BIIB	BIOGEN INC	71,400	$19,851	1.1%	$282.00	-1.9%	COMMON	09062X103
HSIC	HENRY SCHEIN INC	242,400	$19,765	1.1%	$65.24	+24.9%	COM	806407102
RTX	RAYTHEON TECHNOLOGIE	197,900	$19,380	1.1%	$62.09	+48.6%	COM USD1	75513E101
MKL	MARKEL CORP	14,454	$18,464	1.0%	$949.42	+39.9%	COMMON	570535104
TROW	PRICE T ROWE GROUP	161,256	$18,206	1.0%	$99.07	+0.4%	COM	74144T108
—	WALGREENS BOOTS ALNC	501,950	$17,357	0.9%	$44.45	—	COMMON	931427108
IPGP	IPG PHOTONICS CORP	135,700	$16,733	0.9%	$159.24	-27.3%	COMMON	44980X109
INTC	INTEL CORP	448,140	$14,641	0.8%	$44.65	-38.4%	COMMON	458140100
MSM	MSC INDL DIRECT INC	174,200	$14,633	0.8%	$74.32	+11.5%	CLASS A	553530106
MMM	3M COMPANY	123,677	$13,000	0.7%	$114.35	-25.8%	COMMON	88579Y101
EXP	EAGLE MATERIALS	84,700	$12,430	0.7%	$92.63	+50.9%	COMMON	26969P108
CFR	CULLEN FROST BANKERS	117,700	$12,399	0.7%	$73.60	+53.9%	COMMON	229899109
SBKFF	STATE BK OF INDIA	178,160	$11,278	0.6%	$74.20	—	GDR(2 INR10 REG S)	856552203
DCI	DONALDSON INC	168,401	$11,003	0.6%	$45.07	+33.0%	COMMON	257651109
AXP	AMERICAN EXPRESS CO	62,150	$10,252	0.6%	$95.81	+67.0%	COMMON	025816109
JNJ	JOHNSON & JOHNSON	61,300	$9,502	0.5%	$109.75	+34.7%	COMMON	478160104
XOM	EXXON MOBIL CORP	81,500	$8,937	0.5%	$41.69	+140.3%	COMMON	30231G102
WFC	WELLS FARGO & CO	236,260	$8,831	0.5%	$26.02	+55.5%	COMMON	949746101
GNTX	GENTEX CORP	308,600	$8,650	0.5%	$32.29	-12.7%	COMMON	371901109
GILD	GILEAD SCIENCES INC	99,600	$8,264	0.4%	$52.81	+41.4%	COMMON	375558103
BDX	BECTON DICKINSON	16,500	$4,084	0.2%	$204.82	+13.4%	COMMON	075887109
MLM	MARTIN MARIETTA MATL	10,400	$3,693	0.2%	$186.29	+85.1%	COMMON	573284106
GOOGL	ALPHABET INC	23,462	$2,434	0.1%	$106.65	-10.7%	CLASS A	02079K305