SPRUCEGROVE INVESTMENT MANAGEMENT LTD Long-Term Concentrated

CIK: 0001234074 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 3, 2026

Total Value ($000): $829,765 (100.0% shares, 0.0% debt)

Holdings (40)

New Positions (1)

ACN ACCENTURE PLC 0.4%
Value ($000) $3,380 Shares 12,597 Est. Cost $254.06 Unrealized 0.0%

Increased Positions (1)

EXP EAGLE MATERIALS 0.3%
Value ($000) $2,563 (+1471.1%) Shares 12,400 (+1671.4%) Est. Cost $220.27 Unrealized +0.1%

Exited Positions (2)

CMGGF COMMERCIAL INTL BK 4.6%
Value ($000) $38,523 Shares 19,070,742 Est. Cost $2.96 Unrealized —
RTX RTX CORPORATION 1.3%
Value ($000) $10,664 Shares 63,730 Est. Cost $67.44 Unrealized +157.0%

Decreased Positions (29)

SSNHZ SAMSUNG ELECTRONIC 13.9%
Value ($000) $114,985 (-49.5%) Shares 55,656 (-63.4%) Est. Cost $968.65 Unrealized —
CPA COPA HOLDINGS 27.8%
Value ($000) $230,497 (-15.7%) Shares 1,911,095 (-17.0%) Est. Cost $65.14 Unrealized +86.1%
META META PLATFORMS INC 0.5%
Value ($000) $4,163 (-77.8%) Shares 6,306 (-75.3%) Est. Cost $212.48 Unrealized +214.1%
BRK/B BERKSHIRE HATHAWAY 0.8%
Value ($000) $6,468 (-67.5%) Shares 12,867 (-67.5%) Est. Cost $214.82 Unrealized +131.6%
DCI DONALDSON INC 1.0%
Value ($000) $8,216 (-61.2%) Shares 92,664 (-64.2%) Est. Cost $56.26 Unrealized +53.6%
MKL MARKEL GROUP INC 1.0%
Value ($000) $8,207 (-60.6%) Shares 3,818 (-64.9%) Est. Cost $1123.01 Unrealized +80.4%
GNTX GENTEX CORP 0.6%
Value ($000) $5,177 (-70.5%) Shares 222,494 (-64.1%) Est. Cost $31.83 Unrealized -24.3%
WFC WELLS FARGO & CO 0.9%
Value ($000) $7,535 (-61.1%) Shares 80,847 (-65.0%) Est. Cost $39.63 Unrealized +118.6%
CHRW C H ROBINSON WLDWIDE 1.0%
Value ($000) $8,501 (-57.7%) Shares 52,882 (-65.1%) Est. Cost $79.43 Unrealized +85.5%
DIS WALT DISNEY CO 0.8%
Value ($000) $6,486 (-64.1%) Shares 57,011 (-63.9%) Est. Cost $122.81 Unrealized -10.8%
GILD GILEAD SCIENCES INC 0.9%
Value ($000) $7,348 (-60.4%) Shares 59,870 (-64.2%) Est. Cost $64.61 Unrealized +87.1%
HSIC HENRY SCHEIN INC 0.9%
Value ($000) $7,499 (-59.4%) Shares 99,217 (-64.4%) Est. Cost $70.01 Unrealized +0.5%
SNA SNAP-ON INC 0.7%
Value ($000) $5,920 (-64.8%) Shares 17,180 (-64.6%) Est. Cost $302.38 Unrealized +12.6%
MSM MSC INDL DIRECT INC 0.6%
Value ($000) $5,268 (-67.3%) Shares 62,636 (-64.1%) Est. Cost $82.67 Unrealized +4.8%
TROW PRICE T ROWE GROUP 0.7%
Value ($000) $5,954 (-64.3%) Shares 58,158 (-64.2%) Est. Cost $99.90 Unrealized +2.3%
QCOM QUALCOMM INC 0.7%
Value ($000) $6,070 (-62.6%) Shares 35,489 (-63.7%) Est. Cost $134.34 Unrealized +27.1%
RYAAY RYANAIR HLDGS PLC 39.5%
Value ($000) $327,535 (+3.1%) Shares 4,537,122 (-14.0%) Est. Cost $57.37 Unrealized —
GOOGL ALPHABET INC 0.8%
Value ($000) $6,368 (-60.9%) Shares 20,344 (-69.7%) Est. Cost $158.17 Unrealized +80.6%
CFR CULLEN FROST BANKERS 0.6%
Value ($000) $5,197 (-63.9%) Shares 41,038 (-63.9%) Est. Cost $82.16 Unrealized +51.9%
AXP AMERICAN EXPRESS CO 0.6%
Value ($000) $5,080 (-63.2%) Shares 13,732 (-67.0%) Est. Cost $113.15 Unrealized +215.5%
JNJ JOHNSON & JOHNSON 0.7%
Value ($000) $5,627 (-60.8%) Shares 27,190 (-64.9%) Est. Cost $130.38 Unrealized +51.1%
XOM EXXON MOBIL CORP 0.6%
Value ($000) $4,700 (-61.7%) Shares 39,059 (-64.1%) Est. Cost $89.17 Unrealized +29.5%
BF/B BROWN FORMAN CORP 0.6%
Value ($000) $5,033 (-59.3%) Shares 193,120 (-57.7%) Est. Cost $38.04 Unrealized -26.4%
BDX BECTON DICKINSON 0.4%
Value ($000) $3,584 (-62.8%) Shares 18,470 (-64.1%) Est. Cost $224.12 Unrealized -15.4%
TTC TORO CO 0.3%
Value ($000) $2,504 (-51.2%) Shares 31,810 (-52.7%) Est. Cost $73.90 Unrealized +0.0%
DG DOLLAR GEN CORP 0.6%
Value ($000) $5,392 (-20.6%) Shares 40,610 (-38.2%) Est. Cost $102.56 Unrealized +8.7%
SBKFF STATE BK OF INDIA 1.2%
Value ($000) $10,109 (+9.5%) Shares 92,910 (-1.0%) Est. Cost $75.34 Unrealized —
XPEL XPEL INC 0.4%
Value ($000) $3,207 (-15.6%) Shares 64,256 (-44.1%) Est. Cost $34.95 Unrealized +19.6%
CGNX COGNEX CORP 0.0%
Value ($000) $115 (-31.3%) Shares 3,200 (-13.5%) Est. Cost $28.50 Unrealized +41.9%

Unchanged Positions (9)

FMC FMC CORP 0.0%
Value ($000) $40 Shares 2,900 Est. Cost $38.22 Unrealized -50.4%
LSTR LANDSTAR SYS INC 0.0%
Value ($000) $115 Shares 800 Est. Cost $136.96 Unrealized —
BOKF BOK FINL CORP 0.0%
Value ($000) $166 Shares 1,400 Est. Cost $93.26 Unrealized +19.4%
AYI ACUITY INC 0.0%
Value ($000) $169 Shares 470 Est. Cost $267.35 Unrealized +35.1%
WAFD WAFD INC 0.0%
Value ($000) $135 Shares 4,200 Est. Cost $27.86 Unrealized +9.4%
LFUS LITTELFUSE INC 0.0%
Value ($000) $177 Shares 700 Est. Cost $197.22 Unrealized +29.1%
SSD SIMPSON MANUFACTURIN 0.0%
Value ($000) $81 Shares 500 Est. Cost $158.91 Unrealized +6.2%
GGG GRACO INC 0.0%
Value ($000) $74 Shares 900 Est. Cost $82.66 Unrealized -0.9%
AX AXOS FINANCIAL 0.0%
Value ($000) $121 Shares 1,400 Est. Cost $68.99 Unrealized +19.4%