Filed: 1/29/2024ACC: 0000950123-24-000425
📋 What this filing means
SPRUCEGROVE INVESTMENT MANAGEMENT LTD filed this quarterly 13F‑HR report disclosing 37 equity positions with a total reported market value of $2.30B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
37
Positions
$2.30B
Total AUM (reported)
196.31M
Total Shares
Allocation by class
ORD EUR0.32$395.58M17.2%
ADR EACH REPR 5 ORD$365.12M15.8%
GDR REP 1/2 ORD REGS$337.37M14.6%
CLASS A$301.19M13.1%
ADR (1 PFD)$272.11M11.8%
COMMON$267.21M11.6%
ADR REP 1 COM SHS$201.88M8.8%
Portfolio Concentration
Top 3$1.10B47.6%
4–10$907.85M39.4%
11–25$223.93M9.7%
Rest$74.88M3.2%
Top 3 weight
47.6%
Top 10 weight
87.0%
Voting Authority Distribution
Total shares with voting rights: 196.31M
Sole
Full voting authority
133.75M
shares
% of voting shares68.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
62.55M
shares
% of voting shares31.9%
Investment Discretion (by position count)
Sole37
Shared0
Other0
Dominant voting typeSole · 68.1% of voting shares
Institutional Holdings37
Rows:
CRH PLC
SOLEShares5.72M
TypeSH
Market value$395.58M
17.16%
Sole
2.74M
Shared
0.00
None
2.98M
RYANAIR HLDGS PLC
SOLEShares2.74M
TypeSH
Market value$365.12M
15.84%
Sole
1.46M
Shared
0.00
None
1.28M
SAMSUNG ELECTRONIC
SOLEShares225.21K
TypeSH
Market value$337.37M
14.64%
Sole
139.49K
Shared
0.00
None
85.72K
COPA HOLDINGS
SOLEShares2.66M
TypeSH
Market value$282.95M
12.28%
Sole
1.68M
Shared
0.00
None
977.73K
BANCO BRADESCO S A
SOLEShares77.74M
TypeSH
Market value$272.11M
11.81%
Sole
47.16M
Shared
0.00
None
30.59M
AMBEV SA
SOLEShares72.10M
TypeSH
Market value$201.88M
8.76%
Sole
45.97M
Shared
0.00
None
26.13M
TORONTO DOMINION BK
SOLEShares1.02M
TypeSH
Market value$65.63M
2.85%
Sole
503.80K
Shared
0.00
None
511.90K
COMMERCIAL INTL BK
SOLEShares30.28M
TypeSH
Market value$38.75M
1.68%
Sole
30.28M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY
SOLEShares70.61K
TypeSH
Market value$25.18M
1.09%
Sole
70.61K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares60.32K
TypeSH
Market value$21.35M
0.93%
Sole
60.32K
Shared
0.00
None
0.00
INTEL CORP
SOLEShares378.24K
TypeSH
Market value$19.01M
0.82%
Sole
378.24K
Shared
0.00
None
0.00
WALT DISNEY CO
SOLEShares204.99K
TypeSH
Market value$18.51M
0.80%
Sole
204.99K
Shared
0.00
None
0.00
MARKEL GROUP INC
SOLEShares11.97K
TypeSH
Market value$16.99M
0.74%
Sole
11.97K
Shared
0.00
None
0.00
CULLEN FROST BANKERS
SOLEShares153.88K
TypeSH
Market value$16.69M
0.72%
Sole
153.88K
Shared
0.00
None
0.00
HENRY SCHEIN INC
SOLEShares220.49K
TypeSH
Market value$16.69M
0.72%
Sole
220.49K
Shared
0.00
None
0.00
BIOGEN INC
SOLEShares62.76K
TypeSH
Market value$16.24M
0.70%
Sole
62.76K
Shared
0.00
None
0.00
PRICE T ROWE GROUP
SOLEShares150.50K
TypeSH
Market value$16.21M
0.70%
Sole
150.50K
Shared
0.00
None
0.00
C H ROBINSON WLDWIDE
SOLEShares184.51K
TypeSH
Market value$15.94M
0.69%
Sole
184.51K
Shared
0.00
None
0.00
MSC INDL DIRECT INC
SOLEShares152.82K
TypeSH
Market value$15.47M
0.67%
Sole
152.82K
Shared
0.00
None
0.00
RTX CORPORATION
SOLEShares177.52K
TypeSH
Market value$14.94M
0.65%
Sole
177.52K
Shared
0.00
None
0.00
BORG WARNER INC
SOLEShares385.83K
TypeSH
Market value$13.83M
0.60%
Sole
385.83K
Shared
0.00
None
0.00
IPG PHOTONICS CORP
SOLEShares110.70K
TypeSH
Market value$12.02M
0.52%
Sole
110.70K
Shared
0.00
None
0.00
STATE BK OF INDIA
SOLEShares136.11K
TypeSH
Market value$10.51M
0.46%
Sole
136.11K
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares55.90K
TypeSH
Market value$10.47M
0.45%
Sole
55.90K
Shared
0.00
None
0.00
WALGREENS BOOTS ALNC
SOLEShares398.96K
TypeSH
Market value$10.42M
0.45%
Sole
398.96K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CRH PLCSOLE | ORD EUR0.32 | 5.72M | SH | $395.58M 17.16% | 2.74M | 0.00 | 2.98M |
RYANAIR HLDGS PLCSOLE | ADR EACH REPR 5 ORD | 2.74M | SH | $365.12M 15.84% | 1.46M | 0.00 | 1.28M |
SAMSUNG ELECTRONICSOLE | GDR REP 1/2 ORD REGS | 225.21K | SH | $337.37M 14.64% | 139.49K | 0.00 | 85.72K |
COPA HOLDINGSSOLE | CLASS A | 2.66M | SH | $282.95M 12.28% | 1.68M | 0.00 | 977.73K |
BANCO BRADESCO S ASOLE | ADR (1 PFD) | 77.74M | SH | $272.11M 11.81% | 47.16M | 0.00 | 30.59M |
AMBEV SASOLE | ADR REP 1 COM SHS | 72.10M | SH | $201.88M 8.76% | 45.97M | 0.00 | 26.13M |
TORONTO DOMINION BKSOLE | COMMON | 1.02M | SH | $65.63M 2.85% | 503.80K | 0.00 | 511.90K |
COMMERCIAL INTL BKSOLE | GDR REP 1 ORD EGP10 | 30.28M | SH | $38.75M 1.68% | 30.28M | 0.00 | 0.00 |
BERKSHIRE HATHAWAYSOLE | CLASS B | 70.61K | SH | $25.18M 1.09% | 70.61K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | COM USD0.000006 CL A | 60.32K | SH | $21.35M 0.93% | 60.32K | 0.00 | 0.00 |
INTEL CORPSOLE | COMMON | 378.24K | SH | $19.01M 0.82% | 378.24K | 0.00 | 0.00 |
WALT DISNEY COSOLE | COM | 204.99K | SH | $18.51M 0.80% | 204.99K | 0.00 | 0.00 |
MARKEL GROUP INCSOLE | COMMON | 11.97K | SH | $16.99M 0.74% | 11.97K | 0.00 | 0.00 |
CULLEN FROST BANKERSSOLE | COMMON | 153.88K | SH | $16.69M 0.72% | 153.88K | 0.00 | 0.00 |
HENRY SCHEIN INCSOLE | COM | 220.49K | SH | $16.69M 0.72% | 220.49K | 0.00 | 0.00 |
BIOGEN INCSOLE | COMMON | 62.76K | SH | $16.24M 0.70% | 62.76K | 0.00 | 0.00 |
PRICE T ROWE GROUPSOLE | COM | 150.50K | SH | $16.21M 0.70% | 150.50K | 0.00 | 0.00 |
C H ROBINSON WLDWIDESOLE | COMMON | 184.51K | SH | $15.94M 0.69% | 184.51K | 0.00 | 0.00 |
MSC INDL DIRECT INCSOLE | CLASS A | 152.82K | SH | $15.47M 0.67% | 152.82K | 0.00 | 0.00 |
RTX CORPORATIONSOLE | COM USD1 | 177.52K | SH | $14.94M 0.65% | 177.52K | 0.00 | 0.00 |
BORG WARNER INCSOLE | COMMON | 385.83K | SH | $13.83M 0.60% | 385.83K | 0.00 | 0.00 |
IPG PHOTONICS CORPSOLE | COMMON | 110.70K | SH | $12.02M 0.52% | 110.70K | 0.00 | 0.00 |
STATE BK OF INDIASOLE | GDR(2 INR10 REG S) | 136.11K | SH | $10.51M 0.46% | 136.11K | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COMMON | 55.90K | SH | $10.47M 0.45% | 55.90K | 0.00 | 0.00 |
WALGREENS BOOTS ALNCSOLE | COMMON | 398.96K | SH | $10.42M 0.45% | 398.96K | 0.00 | 0.00 |
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