SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 11, 2023

Total Value ($000): $1,917,433 (100.0% shares, 0.0% debt)

Holdings (36)

SSNHZ SAMSUNG ELECTRONIC 17.8%

Value ($000) $341,327 Shares 246,268 Est. Cost $968.65 Unrealized —

CPA COPA HOLDINGS 15.6%

Value ($000) $299,671 Shares 2,709,995 Est. Cost $58.78 Unrealized +46.8%

BBD BANCO BRADESCO S A 15.3%

Value ($000) $292,897 Shares 84,652,376 Est. Cost $5.62 Unrealized —

RYAAY RYANAIR HLDGS PLC 14.8%

Value ($000) $283,467 Shares 2,562,992 Est. Cost $65.49 Unrealized —

ABEV AMBEV SA 13.2%

Value ($000) $253,800 Shares 79,811,452 Est. Cost $2.71 Unrealized —

CHKP CHECK POINT SOFTWARE 2.8%

Value ($000) $53,373 Shares 424,876 Est. Cost $112.05 Unrealized +12.3%

CMGGF COMMERCIAL INTL BK 1.8%

Value ($000) $34,766 Shares 30,496,912 Est. Cost $2.96 Unrealized —

BRK/B BERKSHIRE HATHAWAY 1.4%

Value ($000) $26,313 Shares 77,164 Est. Cost $202.18 Unrealized +61.4%

META META PLATFORMS INC 1.1%

Value ($000) $21,757 Shares 75,814 Est. Cost $212.48 Unrealized +15.3%

CHRW C H ROBINSON WLDWIDE 1.0%

Value ($000) $19,123 Shares 202,680 Est. Cost $79.46 Unrealized +13.7%

BWA BORG WARNER INC 1.0%

Value ($000) $18,758 Shares 383,520 Est. Cost $31.37 Unrealized +26.4%

DIS WALT DISNEY CO 0.9%

Value ($000) $17,555 Shares 196,632 Est. Cost $128.16 Unrealized -27.8%

MKL MARKEL GROUP INC 0.9%

Value ($000) $17,277 Shares 12,491 Est. Cost $949.42 Unrealized +41.2%

BIIB BIOGEN INC 0.9%

Value ($000) $17,094 Shares 60,012 Est. Cost $282.00 Unrealized +5.6%

TROW PRICE T ROWE GROUP 0.9%

Value ($000) $16,791 Shares 149,889 Est. Cost $99.07 Unrealized -2.7%

RTX RTX CORPORATION 0.9%

Value ($000) $16,645 Shares 169,920 Est. Cost $62.09 Unrealized +48.6%

HSIC HENRY SCHEIN INC 0.9%

Value ($000) $16,456 Shares 202,904 Est. Cost $65.24 Unrealized +21.1%

IPGP IPG PHOTONICS CORP 0.8%

Value ($000) $15,536 Shares 114,384 Est. Cost $159.24 Unrealized -26.0%

MSM MSC INDL DIRECT INC 0.8%

Value ($000) $14,526 Shares 152,452 Est. Cost $74.32 Unrealized +23.4%

INTC INTEL CORP 0.7%

Value ($000) $12,758 Shares 381,532 Est. Cost $44.65 Unrealized -31.2%

CFR CULLEN FROST BANKERS 0.7%

Value ($000) $12,733 Shares 118,416 Est. Cost $73.60 Unrealized +30.1%

— WALGREENS BOOTS ALNC 0.6%

Value ($000) $12,226 Shares 429,126 Est. Cost $44.45 Unrealized —

MMM 3M COMPANY 0.6%

Value ($000) $10,621 Shares 106,113 Est. Cost $114.35 Unrealized -32.2%

SBKFF STATE BK OF INDIA 0.5%

Value ($000) $10,068 Shares 143,620 Est. Cost $74.20 Unrealized —

DCI DONALDSON INC 0.5%

Value ($000) $9,169 Shares 146,681 Est. Cost $45.07 Unrealized +32.8%

AXP AMERICAN EXPRESS CO 0.5%

Value ($000) $9,155 Shares 52,554 Est. Cost $95.81 Unrealized +63.0%

EXP EAGLE MATERIALS 0.5%

Value ($000) $9,017 Shares 48,370 Est. Cost $92.63 Unrealized +69.8%

JNJ JOHNSON & JOHNSON 0.5%

Value ($000) $8,873 Shares 53,604 Est. Cost $109.75 Unrealized +35.7%

WFC WELLS FARGO & CO 0.4%

Value ($000) $8,543 Shares 200,164 Est. Cost $26.02 Unrealized +44.7%

GNTX GENTEX CORP 0.4%

Value ($000) $7,501 Shares 256,356 Est. Cost $32.29 Unrealized -14.6%

GILD GILEAD SCIENCES INC 0.4%

Value ($000) $6,772 Shares 87,864 Est. Cost $52.81 Unrealized +37.4%

XOM EXXON MOBIL CORP 0.3%

Value ($000) $6,188 Shares 57,700 Est. Cost $41.69 Unrealized +139.0%

QCOM QUALCOMM INC 0.3%

Value ($000) $6,035 Shares 50,696 Est. Cost $108.32 Unrealized 0.0%

MLM MARTIN MARIETTA MATL 0.2%

Value ($000) $4,333 Shares 9,386 Est. Cost $186.29 Unrealized +108.5%

BDX BECTON DICKINSON 0.2%

Value ($000) $3,837 Shares 14,532 Est. Cost $204.82 Unrealized +18.1%

GOOGL ALPHABET INC 0.1%

Value ($000) $2,471 Shares 20,641 Est. Cost $106.65 Unrealized +7.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	246,268	$341,327	17.8%	$968.65	—	GDR REP 1/2 ORD REGS	796050888
CPA	COPA HOLDINGS	2,709,995	$299,671	15.6%	$58.78	+46.8%	CLASS A	P31076105
BBD	BANCO BRADESCO S A	84,652,376	$292,897	15.3%	$5.62	—	ADR (1 PFD)	059460303
RYAAY	RYANAIR HLDGS PLC	2,562,992	$283,467	14.8%	$65.49	—	ADR EACH REPR 5 ORD	783513203
ABEV	AMBEV SA	79,811,452	$253,800	13.2%	$2.71	—	ADR REP 1 COM SHS	02319V103
CHKP	CHECK POINT SOFTWARE	424,876	$53,373	2.8%	$112.05	+12.3%	ORDINARY	M22465104
CMGGF	COMMERCIAL INTL BK	30,496,912	$34,766	1.8%	$2.96	—	GDR REP 1 ORD EGP10	201712205
BRK/B	BERKSHIRE HATHAWAY	77,164	$26,313	1.4%	$202.18	+61.4%	CLASS B	084670702
META	META PLATFORMS INC	75,814	$21,757	1.1%	$212.48	+15.3%	COM USD0.000006 CL A	30303M102
CHRW	C H ROBINSON WLDWIDE	202,680	$19,123	1.0%	$79.46	+13.7%	COMMON	12541W209
BWA	BORG WARNER INC	383,520	$18,758	1.0%	$31.37	+26.4%	COMMON	099724106
DIS	WALT DISNEY CO	196,632	$17,555	0.9%	$128.16	-27.8%	COM	254687106
MKL	MARKEL GROUP INC	12,491	$17,277	0.9%	$949.42	+41.2%	COMMON	570535104
BIIB	BIOGEN INC	60,012	$17,094	0.9%	$282.00	+5.6%	COMMON	09062X103
TROW	PRICE T ROWE GROUP	149,889	$16,791	0.9%	$99.07	-2.7%	COM	74144T108
RTX	RTX CORPORATION	169,920	$16,645	0.9%	$62.09	+48.6%	COM USD1	75513E101
HSIC	HENRY SCHEIN INC	202,904	$16,456	0.9%	$65.24	+21.1%	COM	806407102
IPGP	IPG PHOTONICS CORP	114,384	$15,536	0.8%	$159.24	-26.0%	COMMON	44980X109
MSM	MSC INDL DIRECT INC	152,452	$14,526	0.8%	$74.32	+23.4%	CLASS A	553530106
INTC	INTEL CORP	381,532	$12,758	0.7%	$44.65	-31.2%	COMMON	458140100
CFR	CULLEN FROST BANKERS	118,416	$12,733	0.7%	$73.60	+30.1%	COMMON	229899109
—	WALGREENS BOOTS ALNC	429,126	$12,226	0.6%	$44.45	—	COMMON	931427108
MMM	3M COMPANY	106,113	$10,621	0.6%	$114.35	-32.2%	COMMON	88579Y101
SBKFF	STATE BK OF INDIA	143,620	$10,068	0.5%	$74.20	—	GDR(2 INR10 REG S)	856552203
DCI	DONALDSON INC	146,681	$9,169	0.5%	$45.07	+32.8%	COMMON	257651109
AXP	AMERICAN EXPRESS CO	52,554	$9,155	0.5%	$95.81	+63.0%	COMMON	025816109
EXP	EAGLE MATERIALS	48,370	$9,017	0.5%	$92.63	+69.8%	COMMON	26969P108
JNJ	JOHNSON & JOHNSON	53,604	$8,873	0.5%	$109.75	+35.7%	COMMON	478160104
WFC	WELLS FARGO & CO	200,164	$8,543	0.4%	$26.02	+44.7%	COMMON	949746101
GNTX	GENTEX CORP	256,356	$7,501	0.4%	$32.29	-14.6%	COMMON	371901109
GILD	GILEAD SCIENCES INC	87,864	$6,772	0.4%	$52.81	+37.4%	COMMON	375558103
XOM	EXXON MOBIL CORP	57,700	$6,188	0.3%	$41.69	+139.0%	COMMON	30231G102
QCOM	QUALCOMM INC	50,696	$6,035	0.3%	$108.32	0.0%	COMMON	747525103
MLM	MARTIN MARIETTA MATL	9,386	$4,333	0.2%	$186.29	+108.5%	COMMON	573284106
BDX	BECTON DICKINSON	14,532	$3,837	0.2%	$204.82	+18.1%	COMMON	075887109
GOOGL	ALPHABET INC	20,641	$2,471	0.1%	$106.65	+7.1%	CLASS A	02079K305