SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 13, 2023

Total Value ($000): $1,585,763 (100.0% shares, 0.0% debt)

Holdings (36)

SSNHZ SAMSUNG ELECTRONIC 18.6%

Value ($000) $294,969 Shares 234,102 Est. Cost $968.65 Unrealized —

RYAAY RYANAIR HLDGS PLC 15.3%

Value ($000) $242,151 Shares 2,491,012 Est. Cost $65.49 Unrealized —

BBD BANCO BRADESCO S A 14.7%

Value ($000) $232,766 Shares 81,672,147 Est. Cost $5.62 Unrealized —

CPA COPA HOLDINGS 14.6%

Value ($000) $230,931 Shares 2,591,239 Est. Cost $58.78 Unrealized +52.8%

ABEV AMBEV SA 12.4%

Value ($000) $196,504 Shares 76,164,472 Est. Cost $2.71 Unrealized —

CMGGF COMMERCIAL INTL BK 2.5%

Value ($000) $39,736 Shares 30,148,492 Est. Cost $2.96 Unrealized —

TD TORONTO DOMINION BK 2.2%

Value ($000) $34,330 Shares 569,700 Est. Cost $62.34 Unrealized 0.0%

BRK/B BERKSHIRE HATHAWAY 1.6%

Value ($000) $24,946 Shares 71,213 Est. Cost $202.18 Unrealized +75.5%

META META PLATFORMS INC 1.1%

Value ($000) $18,228 Shares 60,716 Est. Cost $212.48 Unrealized +40.8%

MKL MARKEL GROUP INC 1.1%

Value ($000) $17,502 Shares 11,886 Est. Cost $949.42 Unrealized +54.2%

DIS WALT DISNEY CO 1.0%

Value ($000) $16,160 Shares 199,389 Est. Cost $127.54 Unrealized -34.6%

CHRW C H ROBINSON WLDWIDE 1.0%

Value ($000) $15,995 Shares 185,708 Est. Cost $79.46 Unrealized +10.6%

BIIB BIOGEN INC 1.0%

Value ($000) $15,923 Shares 61,955 Est. Cost $281.54 Unrealized -5.0%

TROW PRICE T ROWE GROUP 1.0%

Value ($000) $15,456 Shares 147,378 Est. Cost $99.07 Unrealized +1.2%

BWA BORG WARNER INC 0.9%

Value ($000) $14,760 Shares 365,627 Est. Cost $31.37 Unrealized +30.6%

MSM MSC INDL DIRECT INC 0.9%

Value ($000) $14,685 Shares 149,620 Est. Cost $74.32 Unrealized +32.8%

HSIC HENRY SCHEIN INC 0.9%

Value ($000) $14,330 Shares 192,991 Est. Cost $65.24 Unrealized +18.1%

CFR CULLEN FROST BANKERS 0.9%

Value ($000) $13,752 Shares 150,777 Est. Cost $77.92 Unrealized +20.3%

INTC INTEL CORP 0.8%

Value ($000) $13,255 Shares 372,844 Est. Cost $44.65 Unrealized -23.4%

RTX RTX CORPORATION 0.8%

Value ($000) $12,510 Shares 173,823 Est. Cost $62.52 Unrealized +29.9%

IPGP IPG PHOTONICS CORP 0.7%

Value ($000) $11,312 Shares 111,404 Est. Cost $159.24 Unrealized -29.1%

SBKFF STATE BK OF INDIA 0.7%

Value ($000) $10,369 Shares 143,620 Est. Cost $74.20 Unrealized —

— WALGREENS BOOTS ALNC 0.6%

Value ($000) $8,755 Shares 393,658 Est. Cost $44.45 Unrealized —

DCI DONALDSON INC 0.5%

Value ($000) $8,530 Shares 143,031 Est. Cost $45.07 Unrealized +32.1%

JNJ JOHNSON & JOHNSON 0.5%

Value ($000) $8,291 Shares 53,235 Est. Cost $109.75 Unrealized +39.7%

GNTX GENTEX CORP 0.5%

Value ($000) $7,886 Shares 242,362 Est. Cost $32.29 Unrealized -0.7%

WFC WELLS FARGO & CO 0.5%

Value ($000) $7,556 Shares 184,927 Est. Cost $26.02 Unrealized +56.4%

AXP AMERICAN EXPRESS CO 0.5%

Value ($000) $7,474 Shares 50,097 Est. Cost $95.81 Unrealized +65.8%

XOM EXXON MOBIL CORP 0.4%

Value ($000) $6,526 Shares 55,500 Est. Cost $41.69 Unrealized +142.3%

GILD GILEAD SCIENCES INC 0.4%

Value ($000) $6,457 Shares 86,166 Est. Cost $52.81 Unrealized +33.8%

EXP EAGLE MATERIALS 0.4%

Value ($000) $6,373 Shares 38,270 Est. Cost $92.63 Unrealized +94.0%

QCOM QUALCOMM INC 0.4%

Value ($000) $6,268 Shares 56,438 Est. Cost $108.49 Unrealized +1.4%

BDX BECTON DICKINSON 0.2%

Value ($000) $3,648 Shares 14,109 Est. Cost $204.82 Unrealized +26.1%

MLM MARTIN MARIETTA MATL 0.2%

Value ($000) $3,643 Shares 8,875 Est. Cost $186.29 Unrealized +134.1%

GOOGL ALPHABET INC 0.2%

Value ($000) $2,613 Shares 19,965 Est. Cost $106.65 Unrealized +20.4%

TSM TAIWAN SEMICONDUCTOR 0.1%

Value ($000) $1,173 Shares 13,500 Est. Cost $86.90 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNHZ	SAMSUNG ELECTRONIC	234,102	$294,969	18.6%	$968.65	—	GDR REP 1/2 ORD REGS	796050888
RYAAY	RYANAIR HLDGS PLC	2,491,012	$242,151	15.3%	$65.49	—	ADR EACH REPR 5 ORD	783513203
BBD	BANCO BRADESCO S A	81,672,147	$232,766	14.7%	$5.62	—	ADR (1 PFD)	059460303
CPA	COPA HOLDINGS	2,591,239	$230,931	14.6%	$58.78	+52.8%	CLASS A	P31076105
ABEV	AMBEV SA	76,164,472	$196,504	12.4%	$2.71	—	ADR REP 1 COM SHS	02319V103
CMGGF	COMMERCIAL INTL BK	30,148,492	$39,736	2.5%	$2.96	—	GDR REP 1 ORD EGP10	201712205
TD	TORONTO DOMINION BK	569,700	$34,330	2.2%	$62.34	0.0%	COMMON	891160509
BRK/B	BERKSHIRE HATHAWAY	71,213	$24,946	1.6%	$202.18	+75.5%	CLASS B	084670702
META	META PLATFORMS INC	60,716	$18,228	1.1%	$212.48	+40.8%	COM USD0.000006 CL A	30303M102
MKL	MARKEL GROUP INC	11,886	$17,502	1.1%	$949.42	+54.2%	COMMON	570535104
DIS	WALT DISNEY CO	199,389	$16,160	1.0%	$127.54	-34.6%	COM	254687106
CHRW	C H ROBINSON WLDWIDE	185,708	$15,995	1.0%	$79.46	+10.6%	COMMON	12541W209
BIIB	BIOGEN INC	61,955	$15,923	1.0%	$281.54	-5.0%	COMMON	09062X103
TROW	PRICE T ROWE GROUP	147,378	$15,456	1.0%	$99.07	+1.2%	COM	74144T108
BWA	BORG WARNER INC	365,627	$14,760	0.9%	$31.37	+30.6%	COMMON	099724106
MSM	MSC INDL DIRECT INC	149,620	$14,685	0.9%	$74.32	+32.8%	CLASS A	553530106
HSIC	HENRY SCHEIN INC	192,991	$14,330	0.9%	$65.24	+18.1%	COM	806407102
CFR	CULLEN FROST BANKERS	150,777	$13,752	0.9%	$77.92	+20.3%	COMMON	229899109
INTC	INTEL CORP	372,844	$13,255	0.8%	$44.65	-23.4%	COMMON	458140100
RTX	RTX CORPORATION	173,823	$12,510	0.8%	$62.52	+29.9%	COM USD1	75513E101
IPGP	IPG PHOTONICS CORP	111,404	$11,312	0.7%	$159.24	-29.1%	COMMON	44980X109
SBKFF	STATE BK OF INDIA	143,620	$10,369	0.7%	$74.20	—	GDR(2 INR10 REG S)	856552203
—	WALGREENS BOOTS ALNC	393,658	$8,755	0.6%	$44.45	—	COMMON	931427108
DCI	DONALDSON INC	143,031	$8,530	0.5%	$45.07	+32.1%	COMMON	257651109
JNJ	JOHNSON & JOHNSON	53,235	$8,291	0.5%	$109.75	+39.7%	COMMON	478160104
GNTX	GENTEX CORP	242,362	$7,886	0.5%	$32.29	-0.7%	COMMON	371901109
WFC	WELLS FARGO & CO	184,927	$7,556	0.5%	$26.02	+56.4%	COMMON	949746101
AXP	AMERICAN EXPRESS CO	50,097	$7,474	0.5%	$95.81	+65.8%	COMMON	025816109
XOM	EXXON MOBIL CORP	55,500	$6,526	0.4%	$41.69	+142.3%	COMMON	30231G102
GILD	GILEAD SCIENCES INC	86,166	$6,457	0.4%	$52.81	+33.8%	COMMON	375558103
EXP	EAGLE MATERIALS	38,270	$6,373	0.4%	$92.63	+94.0%	COMMON	26969P108
QCOM	QUALCOMM INC	56,438	$6,268	0.4%	$108.49	+1.4%	COMMON	747525103
BDX	BECTON DICKINSON	14,109	$3,648	0.2%	$204.82	+26.1%	COMMON	075887109
MLM	MARTIN MARIETTA MATL	8,875	$3,643	0.2%	$186.29	+134.1%	COMMON	573284106
GOOGL	ALPHABET INC	19,965	$2,613	0.2%	$106.65	+20.4%	CLASS A	02079K305
TSM	TAIWAN SEMICONDUCTOR	13,500	$1,173	0.1%	$86.90	—	SP ADR (5 ORD)	874039100