Filed: 8/11/2023ACC: 0000950123-23-007316
📋 What this filing means
SPRUCEGROVE INVESTMENT MANAGEMENT LTD filed this quarterly 13F‑HR report disclosing 36 equity positions with a total reported market value of $1.92B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
36
Positions
$1.92B
Total AUM (reported)
204.88M
Total Shares
Allocation by class
GDR REP 1/2 ORD REGS$341.33M17.8%
CLASS A$316.67M16.5%
ADR (1 PFD)$292.90M15.3%
ADR EACH REPR 5 ORD$283.47M14.8%
ADR REP 1 COM SHS$253.80M13.2%
COMMON$215.55M11.2%
ORDINARY$53.37M2.8%
Portfolio Concentration
Top 3$933.90M48.7%
4–10$692.60M36.1%
11–25$218.21M11.4%
Rest$72.72M3.8%
Top 3 weight
48.7%
Top 10 weight
84.8%
Voting Authority Distribution
Total shares with voting rights: 204.88M
Sole
Full voting authority
144.54M
shares
% of voting shares70.5%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
60.34M
shares
% of voting shares29.5%
Investment Discretion (by position count)
Sole36
Shared0
Other0
Dominant voting typeSole · 70.5% of voting shares
Institutional Holdings36
Rows:
SAMSUNG ELECTRONIC
SOLEShares246.27K
TypeSH
Market value$341.33M
17.80%
Sole
159.05K
Shared
0.00
None
87.22K
COPA HOLDINGS
SOLEShares2.71M
TypeSH
Market value$299.67M
15.63%
Sole
1.73M
Shared
0.00
None
979.93K
BANCO BRADESCO S A
SOLEShares84.65M
TypeSH
Market value$292.90M
15.28%
Sole
53.55M
Shared
0.00
None
31.10M
RYANAIR HLDGS PLC
SOLEShares2.56M
TypeSH
Market value$283.47M
14.78%
Sole
1.37M
Shared
0.00
None
1.19M
AMBEV SA
SOLEShares79.81M
TypeSH
Market value$253.80M
13.24%
Sole
53.15M
Shared
0.00
None
26.66M
CHECK POINT SOFTWARE
SOLEShares424.88K
TypeSH
Market value$53.37M
2.78%
Sole
244.78K
Shared
0.00
None
180.10K
COMMERCIAL INTL BK
SOLEShares30.50M
TypeSH
Market value$34.77M
1.81%
Sole
30.50M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY
SOLEShares77.16K
TypeSH
Market value$26.31M
1.37%
Sole
77.16K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares75.81K
TypeSH
Market value$21.76M
1.13%
Sole
75.81K
Shared
0.00
None
0.00
C H ROBINSON WLDWIDE
SOLEShares202.68K
TypeSH
Market value$19.12M
1.00%
Sole
202.68K
Shared
0.00
None
0.00
BORG WARNER INC
SOLEShares383.52K
TypeSH
Market value$18.76M
0.98%
Sole
383.52K
Shared
0.00
None
0.00
WALT DISNEY CO
SOLEShares196.63K
TypeSH
Market value$17.56M
0.92%
Sole
196.63K
Shared
0.00
None
0.00
MARKEL GROUP INC
SOLEShares12.49K
TypeSH
Market value$17.28M
0.90%
Sole
12.49K
Shared
0.00
None
0.00
BIOGEN INC
SOLEShares60.01K
TypeSH
Market value$17.09M
0.89%
Sole
60.01K
Shared
0.00
None
0.00
PRICE T ROWE GROUP
SOLEShares149.89K
TypeSH
Market value$16.79M
0.88%
Sole
149.89K
Shared
0.00
None
0.00
RTX CORPORATION
SOLEShares169.92K
TypeSH
Market value$16.65M
0.87%
Sole
169.92K
Shared
0.00
None
0.00
HENRY SCHEIN INC
SOLEShares202.90K
TypeSH
Market value$16.46M
0.86%
Sole
202.90K
Shared
0.00
None
0.00
IPG PHOTONICS CORP
SOLEShares114.38K
TypeSH
Market value$15.54M
0.81%
Sole
114.38K
Shared
0.00
None
0.00
MSC INDL DIRECT INC
SOLEShares152.45K
TypeSH
Market value$14.53M
0.76%
Sole
152.45K
Shared
0.00
None
0.00
INTEL CORP
SOLEShares381.53K
TypeSH
Market value$12.76M
0.67%
Sole
381.53K
Shared
0.00
None
0.00
CULLEN FROST BANKERS
SOLEShares118.42K
TypeSH
Market value$12.73M
0.66%
Sole
118.42K
Shared
0.00
None
0.00
WALGREENS BOOTS ALNC
SOLEShares429.13K
TypeSH
Market value$12.23M
0.64%
Sole
429.13K
Shared
0.00
None
0.00
3M COMPANY
SOLEShares106.11K
TypeSH
Market value$10.62M
0.55%
Sole
106.11K
Shared
0.00
None
0.00
STATE BK OF INDIA
SOLEShares143.62K
TypeSH
Market value$10.07M
0.53%
Sole
0.00
Shared
0.00
None
143.62K
DONALDSON INC
SOLEShares146.68K
TypeSH
Market value$9.17M
0.48%
Sole
146.68K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SAMSUNG ELECTRONICSOLE | GDR REP 1/2 ORD REGS | 246.27K | SH | $341.33M 17.80% | 159.05K | 0.00 | 87.22K |
COPA HOLDINGSSOLE | CLASS A | 2.71M | SH | $299.67M 15.63% | 1.73M | 0.00 | 979.93K |
BANCO BRADESCO S ASOLE | ADR (1 PFD) | 84.65M | SH | $292.90M 15.28% | 53.55M | 0.00 | 31.10M |
RYANAIR HLDGS PLCSOLE | ADR EACH REPR 5 ORD | 2.56M | SH | $283.47M 14.78% | 1.37M | 0.00 | 1.19M |
AMBEV SASOLE | ADR REP 1 COM SHS | 79.81M | SH | $253.80M 13.24% | 53.15M | 0.00 | 26.66M |
CHECK POINT SOFTWARESOLE | ORDINARY | 424.88K | SH | $53.37M 2.78% | 244.78K | 0.00 | 180.10K |
COMMERCIAL INTL BKSOLE | GDR REP 1 ORD EGP10 | 30.50M | SH | $34.77M 1.81% | 30.50M | 0.00 | 0.00 |
BERKSHIRE HATHAWAYSOLE | CLASS B | 77.16K | SH | $26.31M 1.37% | 77.16K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | COM USD0.000006 CL A | 75.81K | SH | $21.76M 1.13% | 75.81K | 0.00 | 0.00 |
C H ROBINSON WLDWIDESOLE | COMMON | 202.68K | SH | $19.12M 1.00% | 202.68K | 0.00 | 0.00 |
BORG WARNER INCSOLE | COMMON | 383.52K | SH | $18.76M 0.98% | 383.52K | 0.00 | 0.00 |
WALT DISNEY COSOLE | COM | 196.63K | SH | $17.56M 0.92% | 196.63K | 0.00 | 0.00 |
MARKEL GROUP INCSOLE | COMMON | 12.49K | SH | $17.28M 0.90% | 12.49K | 0.00 | 0.00 |
BIOGEN INCSOLE | COMMON | 60.01K | SH | $17.09M 0.89% | 60.01K | 0.00 | 0.00 |
PRICE T ROWE GROUPSOLE | COM | 149.89K | SH | $16.79M 0.88% | 149.89K | 0.00 | 0.00 |
RTX CORPORATIONSOLE | COM USD1 | 169.92K | SH | $16.65M 0.87% | 169.92K | 0.00 | 0.00 |
HENRY SCHEIN INCSOLE | COM | 202.90K | SH | $16.46M 0.86% | 202.90K | 0.00 | 0.00 |
IPG PHOTONICS CORPSOLE | COMMON | 114.38K | SH | $15.54M 0.81% | 114.38K | 0.00 | 0.00 |
MSC INDL DIRECT INCSOLE | CLASS A | 152.45K | SH | $14.53M 0.76% | 152.45K | 0.00 | 0.00 |
INTEL CORPSOLE | COMMON | 381.53K | SH | $12.76M 0.67% | 381.53K | 0.00 | 0.00 |
CULLEN FROST BANKERSSOLE | COMMON | 118.42K | SH | $12.73M 0.66% | 118.42K | 0.00 | 0.00 |
WALGREENS BOOTS ALNCSOLE | COMMON | 429.13K | SH | $12.23M 0.64% | 429.13K | 0.00 | 0.00 |
3M COMPANYSOLE | COMMON | 106.11K | SH | $10.62M 0.55% | 106.11K | 0.00 | 0.00 |
STATE BK OF INDIASOLE | GDR(2 INR10 REG S) | 143.62K | SH | $10.07M 0.53% | 0.00 | 0.00 | 143.62K |
DONALDSON INCSOLE | COMMON | 146.68K | SH | $9.17M 0.48% | 146.68K | 0.00 | 0.00 |
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