SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

Location: Toronto, Ontario, Canada

CIK: 0001234074 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 11, 2023

Total Value: $1.917B (100.0% shares, 0.0% debt)

Holdings (36)

SSNHZ SAMSUNG ELECTRONIC 17.8%

Value $341M Shares 246,268 Est. Cost $968.65 Unrealized —

CPA COPA HOLDINGS 15.6%

Value $300M Shares 2,709,995 Est. Cost $58.78 Unrealized +46.8%

BBD BANCO BRADESCO S A 15.3%

Value $293M Shares 84,652,376 Est. Cost $5.62 Unrealized —

RYAAY RYANAIR HLDGS PLC 14.8%

Value $283M Shares 2,562,992 Est. Cost $65.49 Unrealized —

ABEV AMBEV SA 13.2%

Value $254M Shares 79,811,452 Est. Cost $2.71 Unrealized —

CHKP CHECK POINT SOFTWARE 2.8%

Value $53.37M Shares 424,876 Est. Cost $112.05 Unrealized +12.3%

CMGGF COMMERCIAL INTL BK 1.8%

Value $34.77M Shares 30,496,912 Est. Cost $2.96 Unrealized —

BRK/B BERKSHIRE HATHAWAY 1.4%

Value $26.31M Shares 77,164 Est. Cost $202.18 Unrealized +61.4%

META META PLATFORMS INC 1.1%

Value $21.76M Shares 75,814 Est. Cost $212.48 Unrealized +15.3%

CHRW C H ROBINSON WLDWIDE 1.0%

Value $19.12M Shares 202,680 Est. Cost $79.46 Unrealized +13.7%

BWA BORG WARNER INC 1.0%

Value $18.76M Shares 383,520 Est. Cost $31.37 Unrealized +26.4%

DIS WALT DISNEY CO 0.9%

Value $17.56M Shares 196,632 Est. Cost $128.16 Unrealized -27.8%

MKL MARKEL GROUP INC 0.9%

Value $17.28M Shares 12,491 Est. Cost $949.42 Unrealized +41.2%

BIIB BIOGEN INC 0.9%

Value $17.09M Shares 60,012 Est. Cost $282.00 Unrealized +5.6%

TROW PRICE T ROWE GROUP 0.9%

Value $16.79M Shares 149,889 Est. Cost $99.07 Unrealized -2.7%

RTX RTX CORPORATION 0.9%

Value $16.65M Shares 169,920 Est. Cost $62.09 Unrealized +48.6%

HSIC HENRY SCHEIN INC 0.9%

Value $16.46M Shares 202,904 Est. Cost $65.24 Unrealized +21.1%

IPGP IPG PHOTONICS CORP 0.8%

Value $15.54M Shares 114,384 Est. Cost $159.24 Unrealized -26.0%

MSM MSC INDL DIRECT INC 0.8%

Value $14.53M Shares 152,452 Est. Cost $74.32 Unrealized +23.4%

INTC INTEL CORP 0.7%

Value $12.76M Shares 381,532 Est. Cost $44.65 Unrealized -31.2%

CFR CULLEN FROST BANKERS 0.7%

Value $12.73M Shares 118,416 Est. Cost $73.60 Unrealized +30.1%

— WALGREENS BOOTS ALNC 0.6%

Value $12.23M Shares 429,126 Est. Cost $44.45 Unrealized —

MMM 3M COMPANY 0.6%

Value $10.62M Shares 106,113 Est. Cost $114.35 Unrealized -32.2%

SBKFF STATE BK OF INDIA 0.5%

Value $10.07M Shares 143,620 Est. Cost $74.20 Unrealized —

DCI DONALDSON INC 0.5%

Value $9.169M Shares 146,681 Est. Cost $45.07 Unrealized +32.8%

AXP AMERICAN EXPRESS CO 0.5%

Value $9.155M Shares 52,554 Est. Cost $95.81 Unrealized +63.0%

EXP EAGLE MATERIALS 0.5%

Value $9.017M Shares 48,370 Est. Cost $92.63 Unrealized +69.8%

JNJ JOHNSON & JOHNSON 0.5%

Value $8.873M Shares 53,604 Est. Cost $109.75 Unrealized +35.7%

WFC WELLS FARGO & CO 0.4%

Value $8.543M Shares 200,164 Est. Cost $26.02 Unrealized +44.7%

GNTX GENTEX CORP 0.4%

Value $7.501M Shares 256,356 Est. Cost $32.29 Unrealized -14.6%

GILD GILEAD SCIENCES INC 0.4%

Value $6.772M Shares 87,864 Est. Cost $52.81 Unrealized +37.4%

XOM EXXON MOBIL CORP 0.3%

Value $6.188M Shares 57,700 Est. Cost $41.69 Unrealized +139.0%

QCOM QUALCOMM INC 0.3%

Value $6.035M Shares 50,696 Est. Cost $108.32 Unrealized 0.0%

MLM MARTIN MARIETTA MATL 0.2%

Value $4.333M Shares 9,386 Est. Cost $186.29 Unrealized +108.5%

BDX BECTON DICKINSON 0.2%

Value $3.837M Shares 14,532 Est. Cost $204.82 Unrealized +18.1%

GOOGL ALPHABET INC 0.1%

Value $2.471M Shares 20,641 Est. Cost $106.65 Unrealized +7.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	246,268	$341M	17.8%	$968.65	—	GDR REP 1/2 ORD REGS	796050888
CPA	COPA HOLDINGS	2,709,995	$300M	15.6%	$58.78	+46.8%	CLASS A	P31076105
BBD	BANCO BRADESCO S A	84,652,376	$293M	15.3%	$5.62	—	ADR (1 PFD)	059460303
RYAAY	RYANAIR HLDGS PLC	2,562,992	$283M	14.8%	$65.49	—	ADR EACH REPR 5 ORD	783513203
ABEV	AMBEV SA	79,811,452	$254M	13.2%	$2.71	—	ADR REP 1 COM SHS	02319V103
CHKP	CHECK POINT SOFTWARE	424,876	$53.37M	2.8%	$112.05	+12.3%	ORDINARY	M22465104
CMGGF	COMMERCIAL INTL BK	30,496,912	$34.77M	1.8%	$2.96	—	GDR REP 1 ORD EGP10	201712205
BRK/B	BERKSHIRE HATHAWAY	77,164	$26.31M	1.4%	$202.18	+61.4%	CLASS B	084670702
META	META PLATFORMS INC	75,814	$21.76M	1.1%	$212.48	+15.3%	COM USD0.000006 CL A	30303M102
CHRW	C H ROBINSON WLDWIDE	202,680	$19.12M	1.0%	$79.46	+13.7%	COMMON	12541W209
BWA	BORG WARNER INC	383,520	$18.76M	1.0%	$31.37	+26.4%	COMMON	099724106
DIS	WALT DISNEY CO	196,632	$17.56M	0.9%	$128.16	-27.8%	COM	254687106
MKL	MARKEL GROUP INC	12,491	$17.28M	0.9%	$949.42	+41.2%	COMMON	570535104
BIIB	BIOGEN INC	60,012	$17.09M	0.9%	$282.00	+5.6%	COMMON	09062X103
TROW	PRICE T ROWE GROUP	149,889	$16.79M	0.9%	$99.07	-2.7%	COM	74144T108
RTX	RTX CORPORATION	169,920	$16.65M	0.9%	$62.09	+48.6%	COM USD1	75513E101
HSIC	HENRY SCHEIN INC	202,904	$16.46M	0.9%	$65.24	+21.1%	COM	806407102
IPGP	IPG PHOTONICS CORP	114,384	$15.54M	0.8%	$159.24	-26.0%	COMMON	44980X109
MSM	MSC INDL DIRECT INC	152,452	$14.53M	0.8%	$74.32	+23.4%	CLASS A	553530106
INTC	INTEL CORP	381,532	$12.76M	0.7%	$44.65	-31.2%	COMMON	458140100
CFR	CULLEN FROST BANKERS	118,416	$12.73M	0.7%	$73.60	+30.1%	COMMON	229899109
—	WALGREENS BOOTS ALNC	429,126	$12.23M	0.6%	$44.45	—	COMMON	931427108
MMM	3M COMPANY	106,113	$10.62M	0.6%	$114.35	-32.2%	COMMON	88579Y101
SBKFF	STATE BK OF INDIA	143,620	$10.07M	0.5%	$74.20	—	GDR(2 INR10 REG S)	856552203
DCI	DONALDSON INC	146,681	$9.169M	0.5%	$45.07	+32.8%	COMMON	257651109
AXP	AMERICAN EXPRESS CO	52,554	$9.155M	0.5%	$95.81	+63.0%	COMMON	025816109
EXP	EAGLE MATERIALS	48,370	$9.017M	0.5%	$92.63	+69.8%	COMMON	26969P108
JNJ	JOHNSON & JOHNSON	53,604	$8.873M	0.5%	$109.75	+35.7%	COMMON	478160104
WFC	WELLS FARGO & CO	200,164	$8.543M	0.4%	$26.02	+44.7%	COMMON	949746101
GNTX	GENTEX CORP	256,356	$7.501M	0.4%	$32.29	-14.6%	COMMON	371901109
GILD	GILEAD SCIENCES INC	87,864	$6.772M	0.4%	$52.81	+37.4%	COMMON	375558103
XOM	EXXON MOBIL CORP	57,700	$6.188M	0.3%	$41.69	+139.0%	COMMON	30231G102
QCOM	QUALCOMM INC	50,696	$6.035M	0.3%	$108.32	0.0%	COMMON	747525103
MLM	MARTIN MARIETTA MATL	9,386	$4.333M	0.2%	$186.29	+108.5%	COMMON	573284106
BDX	BECTON DICKINSON	14,532	$3.837M	0.2%	$204.82	+18.1%	COMMON	075887109
GOOGL	ALPHABET INC	20,641	$2.471M	0.1%	$106.65	+7.1%	CLASS A	02079K305