Filed: 5/13/2024ACC: 0000950123-24-004550
📋 What this filing means
SPRUCEGROVE INVESTMENT MANAGEMENT LTD filed this quarterly 13F‑HR report disclosing 33 equity positions with a total reported market value of $2.47B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
33
Positions
$2.47B
Total AUM (reported)
191.98M
Total Shares
Allocation by class
ORD EUR0.32$437.23M17.7%
ADR EACH REPR 5 ORD$407.56M16.5%
COMMON$357.11M14.4%
GDR REP 1/2 ORD REGS$335.25M13.5%
CLASS A$321.84M13.0%
ADR (1 PFD)$211.47M8.5%
ADR REP 1 COM SHS$174.69M7.1%
Portfolio Concentration
Top 3$1.18B47.7%
4–10$873.65M35.3%
11–25$338.22M13.7%
Rest$82.97M3.4%
Top 3 weight
47.7%
Top 10 weight
83.0%
Voting Authority Distribution
Total shares with voting rights: 191.98M
Sole
Full voting authority
131.31M
shares
% of voting shares68.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
60.68M
shares
% of voting shares31.6%
Investment Discretion (by position count)
Sole33
Shared0
Other0
Dominant voting typeSole · 68.4% of voting shares
Institutional Holdings33
Rows:
CRH PLC
SOLEShares5.07M
TypeSH
Market value$437.23M
17.67%
Sole
2.37M
Shared
0.00
None
2.70M
RYANAIR HLDGS PLC
SOLEShares2.80M
TypeSH
Market value$407.56M
16.47%
Sole
1.51M
Shared
0.00
None
1.29M
SAMSUNG ELECTRONIC
SOLEShares225.45K
TypeSH
Market value$335.25M
13.55%
Sole
141.81K
Shared
0.00
None
83.64K
COPA HOLDINGS
SOLEShares2.85M
TypeSH
Market value$296.79M
11.99%
Sole
1.85M
Shared
0.00
None
996.33K
BANCO BRADESCO S A
SOLEShares73.94M
TypeSH
Market value$211.47M
8.54%
Sole
44.32M
Shared
0.00
None
29.62M
AMBEV SA
SOLEShares70.44M
TypeSH
Market value$174.69M
7.06%
Sole
45.28M
Shared
0.00
None
25.16M
TORONTO DOMINION BK
SOLEShares1.32M
TypeSH
Market value$79.96M
3.23%
Sole
665.50K
Shared
0.00
None
658.70K
COMMERCIAL INTL BK
SOLEShares30.36M
TypeSH
Market value$48.40M
1.96%
Sole
30.36M
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY
SOLEShares75.61K
TypeSH
Market value$31.80M
1.28%
Sole
75.61K
Shared
0.00
None
0.00
HENRY SCHEIN INC
SOLEShares404.59K
TypeSH
Market value$30.55M
1.23%
Sole
404.59K
Shared
0.00
None
0.00
WALT DISNEY CO
SOLEShares241.09K
TypeSH
Market value$29.50M
1.19%
Sole
241.09K
Shared
0.00
None
0.00
MARKEL GROUP INC
SOLEShares18.02K
TypeSH
Market value$27.41M
1.11%
Sole
18.02K
Shared
0.00
None
0.00
PRICE T ROWE GROUP
SOLEShares223.30K
TypeSH
Market value$27.22M
1.10%
Sole
223.30K
Shared
0.00
None
0.00
QUALCOMM INC
SOLEShares154.74K
TypeSH
Market value$26.20M
1.06%
Sole
154.74K
Shared
0.00
None
0.00
META PLATFORMS INC
SOLEShares51.62K
TypeSH
Market value$25.06M
1.01%
Sole
51.62K
Shared
0.00
None
0.00
DONALDSON INC
SOLEShares303.73K
TypeSH
Market value$22.68M
0.92%
Sole
303.73K
Shared
0.00
None
0.00
INTEL CORP
SOLEShares503.24K
TypeSH
Market value$22.23M
0.90%
Sole
503.24K
Shared
0.00
None
0.00
MSC INDL DIRECT INC
SOLEShares224.32K
TypeSH
Market value$21.77M
0.88%
Sole
224.32K
Shared
0.00
None
0.00
BORG WARNER INC
SOLEShares615.43K
TypeSH
Market value$21.38M
0.86%
Sole
615.43K
Shared
0.00
None
0.00
RTX CORPORATION
SOLEShares214.92K
TypeSH
Market value$20.96M
0.85%
Sole
214.92K
Shared
0.00
None
0.00
BIOGEN INC
SOLEShares96.86K
TypeSH
Market value$20.88M
0.84%
Sole
96.86K
Shared
0.00
None
0.00
CULLEN FROST BANKERS
SOLEShares184.08K
TypeSH
Market value$20.72M
0.84%
Sole
184.08K
Shared
0.00
None
0.00
WELLS FARGO & CO
SOLEShares304.13K
TypeSH
Market value$17.63M
0.71%
Sole
304.13K
Shared
0.00
None
0.00
GENTEX CORP
SOLEShares482.96K
TypeSH
Market value$17.44M
0.70%
Sole
482.96K
Shared
0.00
None
0.00
JOHNSON & JOHNSON
SOLEShares108.23K
TypeSH
Market value$17.12M
0.69%
Sole
108.23K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
CRH PLCSOLE | ORD EUR0.32 | 5.07M | SH | $437.23M 17.67% | 2.37M | 0.00 | 2.70M |
RYANAIR HLDGS PLCSOLE | ADR EACH REPR 5 ORD | 2.80M | SH | $407.56M 16.47% | 1.51M | 0.00 | 1.29M |
SAMSUNG ELECTRONICSOLE | GDR REP 1/2 ORD REGS | 225.45K | SH | $335.25M 13.55% | 141.81K | 0.00 | 83.64K |
COPA HOLDINGSSOLE | CLASS A | 2.85M | SH | $296.79M 11.99% | 1.85M | 0.00 | 996.33K |
BANCO BRADESCO S ASOLE | ADR (1 PFD) | 73.94M | SH | $211.47M 8.54% | 44.32M | 0.00 | 29.62M |
AMBEV SASOLE | ADR REP 1 COM SHS | 70.44M | SH | $174.69M 7.06% | 45.28M | 0.00 | 25.16M |
TORONTO DOMINION BKSOLE | COMMON | 1.32M | SH | $79.96M 3.23% | 665.50K | 0.00 | 658.70K |
COMMERCIAL INTL BKSOLE | GDR REP 1 ORD EGP10 | 30.36M | SH | $48.40M 1.96% | 30.36M | 0.00 | 0.00 |
BERKSHIRE HATHAWAYSOLE | CLASS B | 75.61K | SH | $31.80M 1.28% | 75.61K | 0.00 | 0.00 |
HENRY SCHEIN INCSOLE | COM | 404.59K | SH | $30.55M 1.23% | 404.59K | 0.00 | 0.00 |
WALT DISNEY COSOLE | COM | 241.09K | SH | $29.50M 1.19% | 241.09K | 0.00 | 0.00 |
MARKEL GROUP INCSOLE | COMMON | 18.02K | SH | $27.41M 1.11% | 18.02K | 0.00 | 0.00 |
PRICE T ROWE GROUPSOLE | COM | 223.30K | SH | $27.22M 1.10% | 223.30K | 0.00 | 0.00 |
QUALCOMM INCSOLE | COMMON | 154.74K | SH | $26.20M 1.06% | 154.74K | 0.00 | 0.00 |
META PLATFORMS INCSOLE | COM USD0.000006 CL A | 51.62K | SH | $25.06M 1.01% | 51.62K | 0.00 | 0.00 |
DONALDSON INCSOLE | COMMON | 303.73K | SH | $22.68M 0.92% | 303.73K | 0.00 | 0.00 |
INTEL CORPSOLE | COMMON | 503.24K | SH | $22.23M 0.90% | 503.24K | 0.00 | 0.00 |
MSC INDL DIRECT INCSOLE | CLASS A | 224.32K | SH | $21.77M 0.88% | 224.32K | 0.00 | 0.00 |
BORG WARNER INCSOLE | COMMON | 615.43K | SH | $21.38M 0.86% | 615.43K | 0.00 | 0.00 |
RTX CORPORATIONSOLE | COM USD1 | 214.92K | SH | $20.96M 0.85% | 214.92K | 0.00 | 0.00 |
BIOGEN INCSOLE | COMMON | 96.86K | SH | $20.88M 0.84% | 96.86K | 0.00 | 0.00 |
CULLEN FROST BANKERSSOLE | COMMON | 184.08K | SH | $20.72M 0.84% | 184.08K | 0.00 | 0.00 |
WELLS FARGO & COSOLE | COMMON | 304.13K | SH | $17.63M 0.71% | 304.13K | 0.00 | 0.00 |
GENTEX CORPSOLE | COMMON | 482.96K | SH | $17.44M 0.70% | 482.96K | 0.00 | 0.00 |
JOHNSON & JOHNSONSOLE | COMMON | 108.23K | SH | $17.12M 0.69% | 108.23K | 0.00 | 0.00 |
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