SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Jan 29, 2024

Total Value ($000): $2,304,743 (100.0% shares, 0.0% debt)

Holdings (37)

CRH CRH PLC 17.2%

Value ($000) $395,583 Shares 5,719,829 Est. Cost $58.12 Unrealized 0.0%

RYAAY RYANAIR HLDGS PLC 15.8%

Value ($000) $365,121 Shares 2,737,862 Est. Cost $71.61 Unrealized —

SSNHZ SAMSUNG ELECTRONIC 14.6%

Value ($000) $337,368 Shares 225,212 Est. Cost $968.65 Unrealized —

CPA COPA HOLDINGS 12.3%

Value ($000) $282,948 Shares 2,661,539 Est. Cost $59.34 Unrealized +35.0%

BBD BANCO BRADESCO S A 11.8%

Value ($000) $272,107 Shares 77,744,947 Est. Cost $5.62 Unrealized —

ABEV AMBEV SA 8.8%

Value ($000) $201,876 Shares 72,098,572 Est. Cost $2.71 Unrealized —

TD TORONTO DOMINION BK 2.8%

Value ($000) $65,635 Shares 1,015,700 Est. Cost $61.30 Unrealized -2.2%

CMGGF COMMERCIAL INTL BK 1.7%

Value ($000) $38,754 Shares 30,276,742 Est. Cost $2.96 Unrealized —

BRK/B BERKSHIRE HATHAWAY 1.1%

Value ($000) $25,185 Shares 70,613 Est. Cost $202.18 Unrealized +73.6%

META META PLATFORMS INC 0.9%

Value ($000) $21,349 Shares 60,316 Est. Cost $212.48 Unrealized +52.2%

INTC INTEL CORP 0.8%

Value ($000) $19,007 Shares 378,244 Est. Cost $44.58 Unrealized -10.2%

DIS WALT DISNEY CO 0.8%

Value ($000) $18,508 Shares 204,989 Est. Cost $126.41 Unrealized -31.8%

MKL MARKEL GROUP INC 0.7%

Value ($000) $16,991 Shares 11,966 Est. Cost $949.42 Unrealized +49.4%

CFR CULLEN FROST BANKERS 0.7%

Value ($000) $16,694 Shares 153,877 Est. Cost $78.18 Unrealized +15.9%

HSIC HENRY SCHEIN INC 0.7%

Value ($000) $16,693 Shares 220,491 Est. Cost $65.83 Unrealized +6.3%

BIIB BIOGEN INC 0.7%

Value ($000) $16,239 Shares 62,755 Est. Cost $281.08 Unrealized -12.6%

TROW PRICE T ROWE GROUP 0.7%

Value ($000) $16,208 Shares 150,502 Est. Cost $98.88 Unrealized -9.3%

CHRW C H ROBINSON WLDWIDE 0.7%

Value ($000) $15,940 Shares 184,508 Est. Cost $79.46 Unrealized -0.1%

MSM MSC INDL DIRECT INC 0.7%

Value ($000) $15,475 Shares 152,820 Est. Cost $74.84 Unrealized +32.2%

RTX RTX CORPORATION 0.6%

Value ($000) $14,937 Shares 177,523 Est. Cost $62.79 Unrealized +20.4%

BWA BORG WARNER INC 0.6%

Value ($000) $13,832 Shares 385,827 Est. Cost $31.54 Unrealized +9.8%

IPGP IPG PHOTONICS CORP 0.5%

Value ($000) $12,016 Shares 110,704 Est. Cost $159.24 Unrealized -39.2%

SBKFF STATE BK OF INDIA 0.5%

Value ($000) $10,508 Shares 136,110 Est. Cost $74.20 Unrealized —

AXP AMERICAN EXPRESS CO 0.5%

Value ($000) $10,472 Shares 55,897 Est. Cost $102.16 Unrealized +53.7%

— WALGREENS BOOTS ALNC 0.5%

Value ($000) $10,417 Shares 398,958 Est. Cost $44.20 Unrealized —

DCI DONALDSON INC 0.4%

Value ($000) $9,484 Shares 145,131 Est. Cost $45.26 Unrealized +29.8%

WFC WELLS FARGO & CO 0.4%

Value ($000) $9,033 Shares 183,527 Est. Cost $26.02 Unrealized +57.7%

JNJ JOHNSON & JOHNSON 0.4%

Value ($000) $8,548 Shares 54,535 Est. Cost $110.56 Unrealized +29.9%

QCOM QUALCOMM INC 0.4%

Value ($000) $8,322 Shares 57,538 Est. Cost $108.68 Unrealized +8.9%

GNTX GENTEX CORP 0.3%

Value ($000) $7,880 Shares 241,262 Est. Cost $32.29 Unrealized -4.3%

EXP EAGLE MATERIALS 0.3%

Value ($000) $7,702 Shares 37,970 Est. Cost $92.63 Unrealized +88.0%

GILD GILEAD SCIENCES INC 0.3%

Value ($000) $7,126 Shares 87,966 Est. Cost $53.21 Unrealized +35.7%

MLM MARTIN MARIETTA MATL 0.2%

Value ($000) $4,378 Shares 8,775 Est. Cost $186.29 Unrealized +139.0%

XOM EXXON MOBIL CORP 0.2%

Value ($000) $4,079 Shares 40,800 Est. Cost $41.69 Unrealized +134.1%

BDX BECTON DICKINSON 0.1%

Value ($000) $3,416 Shares 14,009 Est. Cost $204.82 Unrealized +15.5%

GOOGL ALPHABET INC 0.1%

Value ($000) $2,771 Shares 19,839 Est. Cost $106.65 Unrealized +25.0%

TSM TAIWAN SEMICONDUCTOR 0.1%

Value ($000) $2,142 Shares 20,600 Est. Cost $92.79 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRH	CRH PLC	5,719,829	$395,583	17.2%	$58.12	0.0%	ORD EUR0.32	G25508105
RYAAY	RYANAIR HLDGS PLC	2,737,862	$365,121	15.8%	$71.61	—	ADR EACH REPR 5 ORD	783513203
SSNHZ	SAMSUNG ELECTRONIC	225,212	$337,368	14.6%	$968.65	—	GDR REP 1/2 ORD REGS	796050888
CPA	COPA HOLDINGS	2,661,539	$282,948	12.3%	$59.34	+35.0%	CLASS A	P31076105
BBD	BANCO BRADESCO S A	77,744,947	$272,107	11.8%	$5.62	—	ADR (1 PFD)	059460303
ABEV	AMBEV SA	72,098,572	$201,876	8.8%	$2.71	—	ADR REP 1 COM SHS	02319V103
TD	TORONTO DOMINION BK	1,015,700	$65,635	2.8%	$61.30	-2.2%	COMMON	891160509
CMGGF	COMMERCIAL INTL BK	30,276,742	$38,754	1.7%	$2.96	—	GDR REP 1 ORD EGP10	201712205
BRK/B	BERKSHIRE HATHAWAY	70,613	$25,185	1.1%	$202.18	+73.6%	CLASS B	084670702
META	META PLATFORMS INC	60,316	$21,349	0.9%	$212.48	+52.2%	COM USD0.000006 CL A	30303M102
INTC	INTEL CORP	378,244	$19,007	0.8%	$44.58	-10.2%	COMMON	458140100
DIS	WALT DISNEY CO	204,989	$18,508	0.8%	$126.41	-31.8%	COM	254687106
MKL	MARKEL GROUP INC	11,966	$16,991	0.7%	$949.42	+49.4%	COMMON	570535104
CFR	CULLEN FROST BANKERS	153,877	$16,694	0.7%	$78.18	+15.9%	COMMON	229899109
HSIC	HENRY SCHEIN INC	220,491	$16,693	0.7%	$65.83	+6.3%	COM	806407102
BIIB	BIOGEN INC	62,755	$16,239	0.7%	$281.08	-12.6%	COMMON	09062X103
TROW	PRICE T ROWE GROUP	150,502	$16,208	0.7%	$98.88	-9.3%	COM	74144T108
CHRW	C H ROBINSON WLDWIDE	184,508	$15,940	0.7%	$79.46	-0.1%	COMMON	12541W209
MSM	MSC INDL DIRECT INC	152,820	$15,475	0.7%	$74.84	+32.2%	CLASS A	553530106
RTX	RTX CORPORATION	177,523	$14,937	0.6%	$62.79	+20.4%	COM USD1	75513E101
BWA	BORG WARNER INC	385,827	$13,832	0.6%	$31.54	+9.8%	COMMON	099724106
IPGP	IPG PHOTONICS CORP	110,704	$12,016	0.5%	$159.24	-39.2%	COMMON	44980X109
SBKFF	STATE BK OF INDIA	136,110	$10,508	0.5%	$74.20	—	GDR(2 INR10 REG S)	856552203
AXP	AMERICAN EXPRESS CO	55,897	$10,472	0.5%	$102.16	+53.7%	COMMON	025816109
—	WALGREENS BOOTS ALNC	398,958	$10,417	0.5%	$44.20	—	COMMON	931427108
DCI	DONALDSON INC	145,131	$9,484	0.4%	$45.26	+29.8%	COMMON	257651109
WFC	WELLS FARGO & CO	183,527	$9,033	0.4%	$26.02	+57.7%	COMMON	949746101
JNJ	JOHNSON & JOHNSON	54,535	$8,548	0.4%	$110.56	+29.9%	COMMON	478160104
QCOM	QUALCOMM INC	57,538	$8,322	0.4%	$108.68	+8.9%	COMMON	747525103
GNTX	GENTEX CORP	241,262	$7,880	0.3%	$32.29	-4.3%	COMMON	371901109
EXP	EAGLE MATERIALS	37,970	$7,702	0.3%	$92.63	+88.0%	COMMON	26969P108
GILD	GILEAD SCIENCES INC	87,966	$7,126	0.3%	$53.21	+35.7%	COMMON	375558103
MLM	MARTIN MARIETTA MATL	8,775	$4,378	0.2%	$186.29	+139.0%	COMMON	573284106
XOM	EXXON MOBIL CORP	40,800	$4,079	0.2%	$41.69	+134.1%	COMMON	30231G102
BDX	BECTON DICKINSON	14,009	$3,416	0.1%	$204.82	+15.5%	COMMON	075887109
GOOGL	ALPHABET INC	19,839	$2,771	0.1%	$106.65	+25.0%	CLASS A	02079K305
TSM	TAIWAN SEMICONDUCTOR	20,600	$2,142	0.1%	$92.79	—	SP ADR (5 ORD)	874039100