SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Feb 10, 2025

Total Value ($000): $1,396,303 (100.0% shares, 0.0% debt)

Holdings (32)

RYAAY RYANAIR HLDGS PLC 26.4%

Value ($000) $368,628 Shares 8,456,700 Est. Cost $57.37 Unrealized —

CPA COPA HOLDINGS 21.0%

Value ($000) $293,483 Shares 3,339,587 Est. Cost $65.14 Unrealized +35.6%

SSNHZ SAMSUNG ELECTRONIC 13.3%

Value ($000) $185,126 Shares 203,435 Est. Cost $968.65 Unrealized —

CMGGF COMMERCIAL INTL BK 3.1%

Value ($000) $43,048 Shares 29,047,162 Est. Cost $2.96 Unrealized —

BRK/B BERKSHIRE HATHAWAY 2.5%

Value ($000) $34,372 Shares 75,830 Est. Cost $214.82 Unrealized +114.9%

MKL MARKEL GROUP INC 2.2%

Value ($000) $31,228 Shares 18,090 Est. Cost $1123.01 Unrealized +47.8%

HSIC HENRY SCHEIN INC 2.0%

Value ($000) $28,333 Shares 409,441 Est. Cost $70.01 Unrealized +2.6%

DIS WALT DISNEY CO 1.9%

Value ($000) $26,968 Shares 242,189 Est. Cost $122.81 Unrealized -15.7%

META META PLATFORMS INC 1.9%

Value ($000) $26,168 Shares 44,692 Est. Cost $212.48 Unrealized +175.2%

TROW PRICE T ROWE GROUP 1.8%

Value ($000) $25,570 Shares 226,102 Est. Cost $99.90 Unrealized +9.2%

GILD GILEAD SCIENCES INC 1.8%

Value ($000) $24,844 Shares 268,966 Est. Cost $64.61 Unrealized +34.7%

RTX RTX CORPORATION 1.7%

Value ($000) $23,089 Shares 199,523 Est. Cost $67.44 Unrealized +75.4%

QCOM QUALCOMM INC 1.6%

Value ($000) $22,296 Shares 145,138 Est. Cost $134.34 Unrealized +18.7%

CFR CULLEN FROST BANKERS 1.6%

Value ($000) $21,987 Shares 163,777 Est. Cost $82.16 Unrealized +54.4%

WFC WELLS FARGO & CO 1.5%

Value ($000) $21,608 Shares 307,627 Est. Cost $35.85 Unrealized +85.9%

DCI DONALDSON INC 1.5%

Value ($000) $20,705 Shares 307,431 Est. Cost $56.26 Unrealized +28.3%

BWA BORG WARNER INC 1.4%

Value ($000) $19,787 Shares 622,427 Est. Cost $31.68 Unrealized +5.6%

CHRW C H ROBINSON WLDWIDE 1.4%

Value ($000) $19,409 Shares 187,858 Est. Cost $79.43 Unrealized +32.0%

AXP AMERICAN EXPRESS CO 1.3%

Value ($000) $18,459 Shares 62,197 Est. Cost $113.15 Unrealized +150.6%

MSM MSC INDL DIRECT INC 1.3%

Value ($000) $17,927 Shares 240,020 Est. Cost $82.67 Unrealized -0.3%

JNJ JOHNSON & JOHNSON 1.1%

Value ($000) $15,783 Shares 109,135 Est. Cost $130.38 Unrealized +14.7%

BIIB BIOGEN INC 1.1%

Value ($000) $14,964 Shares 97,855 Est. Cost $264.00 Unrealized -36.1%

ABEV AMBEV SA 1.0%

Value ($000) $14,204 Shares 7,677,698 Est. Cost $2.71 Unrealized —

GNTX GENTEX CORP 1.0%

Value ($000) $14,045 Shares 488,862 Est. Cost $33.46 Unrealized -10.6%

INTC INTEL CORP 0.9%

Value ($000) $12,656 Shares 631,244 Est. Cost $41.46 Unrealized -45.6%

BDX BECTON DICKINSON 0.9%

Value ($000) $12,616 Shares 55,609 Est. Cost $224.12 Unrealized +0.5%

SBKFF STATE BK OF INDIA 0.8%

Value ($000) $10,890 Shares 117,605 Est. Cost $75.34 Unrealized —

BF/B BROWN FORMAN CORP 0.7%

Value ($000) $9,487 Shares 249,800 Est. Cost $42.52 Unrealized 0.0%

SNA SNAP-ON INC 0.5%

Value ($000) $7,503 Shares 22,100 Est. Cost $272.52 Unrealized +20.2%

GOOGL ALPHABET INC 0.3%

Value ($000) $4,188 Shares 22,125 Est. Cost $110.73 Unrealized +57.3%

TSM TAIWAN SEMICONDUCTOR 0.3%

Value ($000) $3,693 Shares 18,700 Est. Cost $95.36 Unrealized —

XOM EXXON MOBIL CORP 0.2%

Value ($000) $3,238 Shares 30,100 Est. Cost $41.69 Unrealized +169.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RYAAY	RYANAIR HLDGS PLC	8,456,700	$368,628	26.4%	$57.37	—	ADR EACH REPR 5 ORD	783513203
CPA	COPA HOLDINGS	3,339,587	$293,483	21.0%	$65.14	+35.6%	CLASS A	P31076105
SSNHZ	SAMSUNG ELECTRONIC	203,435	$185,126	13.3%	$968.65	—	GDR REP 1/2 ORD REGS	796050888
CMGGF	COMMERCIAL INTL BK	29,047,162	$43,048	3.1%	$2.96	—	GDR REP 1 ORD EGP10	201712205
BRK/B	BERKSHIRE HATHAWAY	75,830	$34,372	2.5%	$214.82	+114.9%	CLASS B	084670702
MKL	MARKEL GROUP INC	18,090	$31,228	2.2%	$1123.01	+47.8%	COMMON	570535104
HSIC	HENRY SCHEIN INC	409,441	$28,333	2.0%	$70.01	+2.6%	COM	806407102
DIS	WALT DISNEY CO	242,189	$26,968	1.9%	$122.81	-15.7%	COM	254687106
META	META PLATFORMS INC	44,692	$26,168	1.9%	$212.48	+175.2%	COM USD0.000006 CL A	30303M102
TROW	PRICE T ROWE GROUP	226,102	$25,570	1.8%	$99.90	+9.2%	COM	74144T108
GILD	GILEAD SCIENCES INC	268,966	$24,844	1.8%	$64.61	+34.7%	COMMON	375558103
RTX	RTX CORPORATION	199,523	$23,089	1.7%	$67.44	+75.4%	COM USD1	75513E101
QCOM	QUALCOMM INC	145,138	$22,296	1.6%	$134.34	+18.7%	COMMON	747525103
CFR	CULLEN FROST BANKERS	163,777	$21,987	1.6%	$82.16	+54.4%	COMMON	229899109
WFC	WELLS FARGO & CO	307,627	$21,608	1.5%	$35.85	+85.9%	COMMON	949746101
DCI	DONALDSON INC	307,431	$20,705	1.5%	$56.26	+28.3%	COMMON	257651109
BWA	BORG WARNER INC	622,427	$19,787	1.4%	$31.68	+5.6%	COMMON	099724106
CHRW	C H ROBINSON WLDWIDE	187,858	$19,409	1.4%	$79.43	+32.0%	COMMON	12541W209
AXP	AMERICAN EXPRESS CO	62,197	$18,459	1.3%	$113.15	+150.6%	COMMON	025816109
MSM	MSC INDL DIRECT INC	240,020	$17,927	1.3%	$82.67	-0.3%	CLASS A	553530106
JNJ	JOHNSON & JOHNSON	109,135	$15,783	1.1%	$130.38	+14.7%	COMMON	478160104
BIIB	BIOGEN INC	97,855	$14,964	1.1%	$264.00	-36.1%	COMMON	09062X103
ABEV	AMBEV SA	7,677,698	$14,204	1.0%	$2.71	—	ADR REP 1 COM SHS	02319V103
GNTX	GENTEX CORP	488,862	$14,045	1.0%	$33.46	-10.6%	COMMON	371901109
INTC	INTEL CORP	631,244	$12,656	0.9%	$41.46	-45.6%	COMMON	458140100
BDX	BECTON DICKINSON	55,609	$12,616	0.9%	$224.12	+0.5%	COMMON	075887109
SBKFF	STATE BK OF INDIA	117,605	$10,890	0.8%	$75.34	—	GDR(2 INR10 REG S)	856552203
BF/B	BROWN FORMAN CORP	249,800	$9,487	0.7%	$42.52	0.0%	CLASS B	115637209
SNA	SNAP-ON INC	22,100	$7,503	0.5%	$272.52	+20.2%	COMMON	833034101
GOOGL	ALPHABET INC	22,125	$4,188	0.3%	$110.73	+57.3%	CLASS A	02079K305
TSM	TAIWAN SEMICONDUCTOR	18,700	$3,693	0.3%	$95.36	—	SP ADR (5 ORD)	874039100
XOM	EXXON MOBIL CORP	30,100	$3,238	0.2%	$41.69	+169.5%	COMMON	30231G102