Filed: 5/10/2023ACC: 0000950123-23-004219
📋 What this filing means
SPRUCEGROVE INVESTMENT MANAGEMENT LTD filed this quarterly 13F‑HR report disclosing 35 equity positions with a total reported market value of $1.84B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
35
Positions
$1.84B
Total AUM (reported)
216.75M
Total Shares
Allocation by class
GDR REP 1/2 ORD REGS$326.22M17.7%
CLASS A$292.34M15.9%
ADR EACH REPR 5 ORD$264.29M14.4%
COMMON$244.17M13.3%
ADR REP 1 COM SHS$244.02M13.3%
ADR (1 PFD)$230.85M12.6%
COM$60.78M3.3%
Portfolio Concentration
Top 3$865.78M47.1%
4–10$647.43M35.2%
11–25$250.34M13.6%
Rest$75.65M4.1%
Top 3 weight
47.1%
Top 10 weight
82.3%
Voting Authority Distribution
Total shares with voting rights: 216.75M
Sole
Full voting authority
154.11M
shares
% of voting shares71.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
62.64M
shares
% of voting shares28.9%
Investment Discretion (by position count)
Sole35
Shared0
Other0
Dominant voting typeSole · 71.1% of voting shares
Institutional Holdings35
Rows:
SAMSUNG ELECTRONIC
SOLEShares265.54K
TypeSH
Market value$326.22M
17.74%
Sole
172.84K
Shared
0.00
None
92.71K
COPA HOLDINGS
SOLEShares2.98M
TypeSH
Market value$275.27M
14.97%
Sole
1.92M
Shared
0.00
None
1.06M
RYANAIR HLDGS PLC
SOLEShares2.80M
TypeSH
Market value$264.29M
14.37%
Sole
1.54M
Shared
0.00
None
1.27M
AMBEV SA
SOLEShares86.53M
TypeSH
Market value$244.02M
13.27%
Sole
59.24M
Shared
0.00
None
27.29M
BANCO BRADESCO S A
SOLEShares88.11M
TypeSH
Market value$230.85M
12.55%
Sole
55.52M
Shared
0.00
None
32.59M
CHECK POINT SOFTWARE
SOLEShares441.60K
TypeSH
Market value$57.41M
3.12%
Sole
261.60K
Shared
0.00
None
180K
COMMERCIAL INTL BK
SOLEShares30.99M
TypeSH
Market value$39.98M
2.17%
Sole
30.99M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY
SOLEShares92.44K
TypeSH
Market value$28.54M
1.55%
Sole
92.44K
Shared
0.00
None
0.00
C H ROBINSON WLDWIDE
SOLEShares239.70K
TypeSH
Market value$23.82M
1.30%
Sole
239.70K
Shared
0.00
None
0.00
WALT DISNEY CO
SOLEShares227.80K
TypeSH
Market value$22.81M
1.24%
Sole
227.80K
Shared
0.00
None
0.00
BORG WARNER INC
SOLEShares453.30K
TypeSH
Market value$22.26M
1.21%
Sole
453.30K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares94.10K
TypeSH
Market value$19.94M
1.08%
Sole
94.10K
Shared
0.00
None
0.00
BIOGEN INC
SOLEShares71.40K
TypeSH
Market value$19.85M
1.08%
Sole
71.40K
Shared
0.00
None
0.00
HENRY SCHEIN INC
SOLEShares242.40K
TypeSH
Market value$19.77M
1.07%
Sole
242.40K
Shared
0.00
None
0.00
RAYTHEON TECHNOLOGIE
SOLEShares197.90K
TypeSH
Market value$19.38M
1.05%
Sole
197.90K
Shared
0.00
None
0.00
MARKEL CORP
SOLEShares14.45K
TypeSH
Market value$18.46M
1.00%
Sole
14.45K
Shared
0.00
None
0.00
PRICE T ROWE GROUP
SOLEShares161.26K
TypeSH
Market value$18.21M
0.99%
Sole
161.26K
Shared
0.00
None
0.00
WALGREENS BOOTS ALNC
SOLEShares501.95K
TypeSH
Market value$17.36M
0.94%
Sole
501.95K
Shared
0.00
None
0.00
IPG PHOTONICS CORP
SOLEShares135.70K
TypeSH
Market value$16.73M
0.91%
Sole
135.70K
Shared
0.00
None
0.00
INTEL CORP
SOLEShares448.14K
TypeSH
Market value$14.64M
0.80%
Sole
448.14K
Shared
0.00
None
0.00
MSC INDL DIRECT INC
SOLEShares174.20K
TypeSH
Market value$14.63M
0.80%
Sole
174.20K
Shared
0.00
None
0.00
3M COMPANY
SOLEShares123.68K
TypeSH
Market value$13.00M
0.71%
Sole
123.68K
Shared
0.00
None
0.00
EAGLE MATERIALS
SOLEShares84.70K
TypeSH
Market value$12.43M
0.68%
Sole
84.70K
Shared
0.00
None
0.00
CULLEN FROST BANKERS
SOLEShares117.70K
TypeSH
Market value$12.40M
0.67%
Sole
117.70K
Shared
0.00
None
0.00
STATE BK OF INDIA
SOLEShares178.16K
TypeSH
Market value$11.28M
0.61%
Sole
0.00
Shared
0.00
None
178.16K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SAMSUNG ELECTRONICSOLE | GDR REP 1/2 ORD REGS | 265.54K | SH | $326.22M 17.74% | 172.84K | 0.00 | 92.71K |
COPA HOLDINGSSOLE | CLASS A | 2.98M | SH | $275.27M 14.97% | 1.92M | 0.00 | 1.06M |
RYANAIR HLDGS PLCSOLE | ADR EACH REPR 5 ORD | 2.80M | SH | $264.29M 14.37% | 1.54M | 0.00 | 1.27M |
AMBEV SASOLE | ADR REP 1 COM SHS | 86.53M | SH | $244.02M 13.27% | 59.24M | 0.00 | 27.29M |
BANCO BRADESCO S ASOLE | ADR (1 PFD) | 88.11M | SH | $230.85M 12.55% | 55.52M | 0.00 | 32.59M |
CHECK POINT SOFTWARESOLE | ORDINARY | 441.60K | SH | $57.41M 3.12% | 261.60K | 0.00 | 180K |
COMMERCIAL INTL BKSOLE | GDR REP 1 ORD EGP10 | 30.99M | SH | $39.98M 2.17% | 30.99M | 0.00 | 0.00 |
BERKSHIRE HATHAWAYSOLE | CLASS B | 92.44K | SH | $28.54M 1.55% | 92.44K | 0.00 | 0.00 |
C H ROBINSON WLDWIDESOLE | COMMON | 239.70K | SH | $23.82M 1.30% | 239.70K | 0.00 | 0.00 |
WALT DISNEY COSOLE | COM | 227.80K | SH | $22.81M 1.24% | 227.80K | 0.00 | 0.00 |
BORG WARNER INCSOLE | COMMON | 453.30K | SH | $22.26M 1.21% | 453.30K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | COM USD0.000006 CL A | 94.10K | SH | $19.94M 1.08% | 94.10K | 0.00 | 0.00 |
BIOGEN INCSOLE | COMMON | 71.40K | SH | $19.85M 1.08% | 71.40K | 0.00 | 0.00 |
HENRY SCHEIN INCSOLE | COM | 242.40K | SH | $19.77M 1.07% | 242.40K | 0.00 | 0.00 |
RAYTHEON TECHNOLOGIESOLE | COM USD1 | 197.90K | SH | $19.38M 1.05% | 197.90K | 0.00 | 0.00 |
MARKEL CORPSOLE | COMMON | 14.45K | SH | $18.46M 1.00% | 14.45K | 0.00 | 0.00 |
PRICE T ROWE GROUPSOLE | COM | 161.26K | SH | $18.21M 0.99% | 161.26K | 0.00 | 0.00 |
WALGREENS BOOTS ALNCSOLE | COMMON | 501.95K | SH | $17.36M 0.94% | 501.95K | 0.00 | 0.00 |
IPG PHOTONICS CORPSOLE | COMMON | 135.70K | SH | $16.73M 0.91% | 135.70K | 0.00 | 0.00 |
INTEL CORPSOLE | COMMON | 448.14K | SH | $14.64M 0.80% | 448.14K | 0.00 | 0.00 |
MSC INDL DIRECT INCSOLE | CLASS A | 174.20K | SH | $14.63M 0.80% | 174.20K | 0.00 | 0.00 |
3M COMPANYSOLE | COMMON | 123.68K | SH | $13.00M 0.71% | 123.68K | 0.00 | 0.00 |
EAGLE MATERIALSSOLE | COMMON | 84.70K | SH | $12.43M 0.68% | 84.70K | 0.00 | 0.00 |
CULLEN FROST BANKERSSOLE | COMMON | 117.70K | SH | $12.40M 0.67% | 117.70K | 0.00 | 0.00 |
STATE BK OF INDIASOLE | GDR(2 INR10 REG S) | 178.16K | SH | $11.28M 0.61% | 0.00 | 0.00 | 178.16K |
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