Filed: 5/13/2026ACC: 0001193125-26-220832
📋 What this filing means
SPRUCEGROVE INVESTMENT MANAGEMENT LTD filed this quarterly 13F‑HR report disclosing 42 equity positions with a total reported market value of $625.00M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
42
Positions
$625.00M
Total AUM (reported)
6.76M
Total Shares
Allocation by class
ADR EACH REPR 5 ORD$222.13M35.5%
CLASS A$201.10M32.2%
GDR REP 1/2 ORD REGS$91.84M14.7%
COMMON$77.74M12.4%
COM$14.81M2.4%
CLASS B$11.33M1.8%
GDR(2 INR10 REG S)$3.13M0.5%
Portfolio Concentration
Top 3$506.99M81.1%
4–10$39.03M6.2%
11–25$61.87M9.9%
Rest$17.12M2.7%
Top 3 weight
81.1%
Top 10 weight
87.4%
Voting Authority Distribution
Total shares with voting rights: 6.76M
Sole
Full voting authority
4.54M
shares
% of voting shares67.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
2.22M
shares
% of voting shares32.9%
Investment Discretion (by position count)
Sole42
Shared0
Other0
Dominant voting typeSole · 67.1% of voting shares
Institutional Holdings42
Rows:
RYANAIR HLDGS PLC
SOLEShares3.84M
TypeSH
Market value$222.13M
35.54%
Sole
2.10M
Shared
0.00
None
1.74M
COPA HOLDINGS
SOLEShares1.70M
TypeSH
Market value$193.02M
30.88%
Sole
1.25M
Shared
0.00
None
445.28K
SAMSUNG ELECTRONIC
SOLEShares32.38K
TypeSH
Market value$91.84M
14.69%
Sole
26.32K
Shared
0.00
None
6.06K
DONALDSON INC
SOLEShares72.60K
TypeSH
Market value$6.16M
0.99%
Sole
72.60K
Shared
0.00
None
0.00
MARKEL GROUP INC
SOLEShares3.09K
TypeSH
Market value$5.91M
0.95%
Sole
3.09K
Shared
0.00
None
0.00
HENRY SCHEIN INC
SOLEShares80.13K
TypeSH
Market value$5.91M
0.94%
Sole
80.13K
Shared
0.00
None
0.00
C H ROBINSON WLDWIDE
SOLEShares32.61K
TypeSH
Market value$5.42M
0.87%
Sole
32.61K
Shared
0.00
None
0.00
GILEAD SCIENCES INC
SOLEShares37.90K
TypeSH
Market value$5.28M
0.85%
Sole
37.90K
Shared
0.00
None
0.00
SNAP-ON INC
SOLEShares14.50K
TypeSH
Market value$5.27M
0.84%
Sole
14.50K
Shared
0.00
None
0.00
JOHNSON & JOHNSON
SOLEShares20.80K
TypeSH
Market value$5.08M
0.81%
Sole
20.80K
Shared
0.00
None
0.00
WELLS FARGO & CO
SOLEShares62.52K
TypeSH
Market value$4.98M
0.80%
Sole
62.52K
Shared
0.00
None
0.00
EXXON MOBIL CORP
SOLEShares28.37K
TypeSH
Market value$4.81M
0.77%
Sole
28.37K
Shared
0.00
None
0.00
ALPHABET INC
SOLEShares16.28K
TypeSH
Market value$4.68M
0.75%
Sole
16.28K
Shared
0.00
None
0.00
WALT DISNEY CO
SOLEShares48.54K
TypeSH
Market value$4.68M
0.75%
Sole
48.54K
Shared
0.00
None
0.00
CULLEN FROST BANKERS
SOLEShares32.71K
TypeSH
Market value$4.48M
0.72%
Sole
32.71K
Shared
0.00
None
0.00
BROWN FORMAN CORP
SOLEShares165.20K
TypeSH
Market value$4.37M
0.70%
Sole
165.20K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY
SOLEShares9K
TypeSH
Market value$4.31M
0.69%
Sole
9K
Shared
0.00
None
0.00
DOLLAR GEN CORP
SOLEShares36.03K
TypeSH
Market value$4.28M
0.68%
Sole
36.03K
Shared
0.00
None
0.00
PRICE T ROWE GROUP
SOLEShares46.87K
TypeSH
Market value$4.22M
0.68%
Sole
46.87K
Shared
0.00
None
0.00
GENTEX CORP
SOLEShares188.73K
TypeSH
Market value$4.12M
0.66%
Sole
188.73K
Shared
0.00
None
0.00
QUALCOMM INC
SOLEShares31.33K
TypeSH
Market value$4.03M
0.65%
Sole
31.33K
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares10.95K
TypeSH
Market value$3.31M
0.53%
Sole
10.95K
Shared
0.00
None
0.00
ACCENTURE PLC
SOLEShares16.44K
TypeSH
Market value$3.26M
0.52%
Sole
16.44K
Shared
0.00
None
0.00
EAGLE MATERIALS
SOLEShares16.84K
TypeSH
Market value$3.19M
0.51%
Sole
16.84K
Shared
0.00
None
0.00
STATE BK OF INDIA
SOLEShares29.59K
TypeSH
Market value$3.13M
0.50%
Sole
0.00
Shared
0.00
None
29.59K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
RYANAIR HLDGS PLCSOLE | ADR EACH REPR 5 ORD | 3.84M | SH | $222.13M 35.54% | 2.10M | 0.00 | 1.74M |
COPA HOLDINGSSOLE | CLASS A | 1.70M | SH | $193.02M 30.88% | 1.25M | 0.00 | 445.28K |
SAMSUNG ELECTRONICSOLE | GDR REP 1/2 ORD REGS | 32.38K | SH | $91.84M 14.69% | 26.32K | 0.00 | 6.06K |
DONALDSON INCSOLE | COMMON | 72.60K | SH | $6.16M 0.99% | 72.60K | 0.00 | 0.00 |
MARKEL GROUP INCSOLE | COMMON | 3.09K | SH | $5.91M 0.95% | 3.09K | 0.00 | 0.00 |
HENRY SCHEIN INCSOLE | COM | 80.13K | SH | $5.91M 0.94% | 80.13K | 0.00 | 0.00 |
C H ROBINSON WLDWIDESOLE | COMMON | 32.61K | SH | $5.42M 0.87% | 32.61K | 0.00 | 0.00 |
GILEAD SCIENCES INCSOLE | COMMON | 37.90K | SH | $5.28M 0.85% | 37.90K | 0.00 | 0.00 |
SNAP-ON INCSOLE | COMMON | 14.50K | SH | $5.27M 0.84% | 14.50K | 0.00 | 0.00 |
JOHNSON & JOHNSONSOLE | COMMON | 20.80K | SH | $5.08M 0.81% | 20.80K | 0.00 | 0.00 |
WELLS FARGO & COSOLE | COMMON | 62.52K | SH | $4.98M 0.80% | 62.52K | 0.00 | 0.00 |
EXXON MOBIL CORPSOLE | COMMON | 28.37K | SH | $4.81M 0.77% | 28.37K | 0.00 | 0.00 |
ALPHABET INCSOLE | CLASS A | 16.28K | SH | $4.68M 0.75% | 16.28K | 0.00 | 0.00 |
WALT DISNEY COSOLE | COM | 48.54K | SH | $4.68M 0.75% | 48.54K | 0.00 | 0.00 |
CULLEN FROST BANKERSSOLE | COMMON | 32.71K | SH | $4.48M 0.72% | 32.71K | 0.00 | 0.00 |
BROWN FORMAN CORPSOLE | CLASS B | 165.20K | SH | $4.37M 0.70% | 165.20K | 0.00 | 0.00 |
BERKSHIRE HATHAWAYSOLE | CLASS B | 9K | SH | $4.31M 0.69% | 9K | 0.00 | 0.00 |
DOLLAR GEN CORPSOLE | COMMON | 36.03K | SH | $4.28M 0.68% | 36.03K | 0.00 | 0.00 |
PRICE T ROWE GROUPSOLE | COM | 46.87K | SH | $4.22M 0.68% | 46.87K | 0.00 | 0.00 |
GENTEX CORPSOLE | COMMON | 188.73K | SH | $4.12M 0.66% | 188.73K | 0.00 | 0.00 |
QUALCOMM INCSOLE | COMMON | 31.33K | SH | $4.03M 0.65% | 31.33K | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COMMON | 10.95K | SH | $3.31M 0.53% | 10.95K | 0.00 | 0.00 |
ACCENTURE PLCSOLE | CLASS A | 16.44K | SH | $3.26M 0.52% | 16.44K | 0.00 | 0.00 |
EAGLE MATERIALSSOLE | COMMON | 16.84K | SH | $3.19M 0.51% | 16.84K | 0.00 | 0.00 |
STATE BK OF INDIASOLE | GDR(2 INR10 REG S) | 29.59K | SH | $3.13M 0.50% | 0.00 | 0.00 | 29.59K |
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