13F HOLDINGS REPORT
SPRUCEGROVE INVESTMENT MANAGEMENT LTD
Quarter ended Q1 2023 · Filed February 8, 2023 · Accession 0000950123-23-000983
Total Value
$1.81B
Positions
35
Other Managers
0
Confidential Omitted
No
Holdings (35)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SAMSUNG ELECTRONIC | 796050888 | 278,594 | $307.8M | 17.04% |
| 2 | COPA HOLDINGS | CPA | 3,228,335 | $268.5M | 14.86% |
| 3 | AMBEV SA | ABEV | 93,582,260 | $254.5M | 14.09% |
| 4 | BANCO BRADESCO S A | 059460303 | 83,527,415 | $240.6M | 13.31% |
| 5 | RYANAIR HLDGS PLC | RYAOF | 3,102,874 | $232.0M | 12.84% |
| 6 | CHECK POINT SOFTWARE | M22465104 | 452,500 | $57.1M | 3.16% |
| 7 | COMMERCIAL INTL BK | 201712205 | 31,458,344 | $37.6M | 2.08% |
| 8 | BERKSHIRE HATHAWAY | BRK-A | 97,440 | $30.1M | 1.67% |
| 9 | C H ROBINSON WLDWIDE | CHRW | 266,500 | $24.4M | 1.35% |
| 10 | RAYTHEON TECHNOLOGIE | RTX | 220,500 | $22.3M | 1.23% |
| 11 | WALGREENS BOOTS ALNC | 931427108 | 554,950 | $20.7M | 1.15% |
| 12 | HENRY SCHEIN INC | HSIC | 256,000 | $20.4M | 1.13% |
| 13 | WALT DISNEY CO | 254687106 | 234,200 | $20.3M | 1.13% |
| 14 | MARKEL CORP | MKL | 14,844 | $19.6M | 1.08% |
| 15 | BORG WARNER INC | BWA | 475,900 | $19.2M | 1.06% |
| 16 | BIOGEN INC | BIIB | 68,700 | $19.0M | 1.05% |
| 17 | PRICE T ROWE GROUP | TROW | 165,909 | $18.1M | 1.00% |
| 18 | STATE BK OF INDIA | 856552203 | 222,280 | $16.5M | 0.91% |
| 19 | 3M COMPANY | MMM | 135,577 | $16.3M | 0.90% |
| 20 | CULLEN FROST BANKERS | CFR-PB | 112,400 | $15.0M | 0.83% |
| 21 | MSC INDL DIRECT INC | 553530106 | 180,900 | $14.8M | 0.82% |
| 22 | EXXON MOBIL CORP | XOM | 122,800 | $13.5M | 0.75% |
| 23 | IPG PHOTONICS CORP | IPGP | 140,700 | $13.3M | 0.74% |
| 24 | EAGLE MATERIALS | 26969P108 | 94,000 | $12.5M | 0.69% |
| 25 | INTEL CORP | INTC | 452,540 | $12.0M | 0.66% |
| 26 | META PLATFORMS INC | META | 94,900 | $11.4M | 0.63% |
| 27 | JOHNSON & JOHNSON | JNJ | 62,300 | $11.0M | 0.61% |
| 28 | WELLS FARGO & CO | 949746101 | 264,660 | $10.9M | 0.60% |
| 29 | DONALDSON INC | DCI | 173,401 | $10.2M | 0.56% |
| 30 | AMERICAN EXPRESS CO | AXP | 63,500 | $9.4M | 0.52% |
| 31 | GENTEX CORP | GNTX | 318,500 | $8.7M | 0.48% |
| 32 | GILEAD SCIENCES INC | GILD | 100,900 | $8.7M | 0.48% |
| 33 | BECTON DICKINSON | BDX | 17,600 | $4.5M | 0.25% |
| 34 | MARTIN MARIETTA MATL | 573284106 | 11,400 | $3.9M | 0.21% |
| 35 | ALPHABET INC | GOOG | 24,162 | $2.1M | 0.12% |