13F HOLDINGS REPORT
SPRUCEGROVE INVESTMENT MANAGEMENT LTD
Quarter ended Q1 2025 · Filed May 13, 2025 · Accession 0000950123-25-004887
Total Value
$929.9M
Positions
32
Other Managers
1
Confidential Omitted
No
Holdings (32)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | COPA HOLDINGS | CPA | 3,079,532 | $193.3M | 20.79% |
| 2 | RYANAIR HLDGS PLC | RYAOF | 7,423,000 | $171.3M | 18.42% |
| 3 | SAMSUNG ELECTRONIC | 796050888 | 204,738 | $133.2M | 14.33% |
| 4 | COMMERCIAL INTL BK | 201712205 | 27,258,655 | $41.2M | 4.43% |
| 5 | BERKSHIRE HATHAWAY | BRK-A | 48,499 | $25.8M | 2.78% |
| 6 | MARKEL GROUP INC | MKL | 12,626 | $23.6M | 2.54% |
| 7 | GILEAD SCIENCES INC | GILD | 201,970 | $22.6M | 2.43% |
| 8 | HENRY SCHEIN INC | HSIC | 299,890 | $20.5M | 2.21% |
| 9 | DONALDSON INC | DCI | 276,461 | $18.5M | 1.99% |
| 10 | RTX CORPORATION | RTX | 138,230 | $18.3M | 1.97% |
| 11 | WALT DISNEY CO | 254687106 | 184,170 | $18.2M | 1.95% |
| 12 | META PLATFORMS INC | META | 30,101 | $17.3M | 1.87% |
| 13 | QUALCOMM INC | QCOM | 108,760 | $16.7M | 1.80% |
| 14 | PRICE T ROWE GROUP | TROW | 178,868 | $16.4M | 1.77% |
| 15 | WELLS FARGO & CO | 949746101 | 228,260 | $16.4M | 1.76% |
| 16 | CULLEN FROST BANKERS | CFR-PB | 127,030 | $15.9M | 1.71% |
| 17 | C H ROBINSON WLDWIDE | CHRW | 154,082 | $15.8M | 1.70% |
| 18 | MSC INDL DIRECT INC | 553530106 | 190,610 | $14.8M | 1.59% |
| 19 | BROWN FORMAN CORP | BF-B | 433,320 | $14.7M | 1.58% |
| 20 | SNAP-ON INC | SNA | 41,580 | $14.0M | 1.51% |
| 21 | GENTEX CORP | GNTX | 592,360 | $13.8M | 1.48% |
| 22 | JOHNSON & JOHNSON | JNJ | 82,990 | $13.8M | 1.48% |
| 23 | BECTON DICKINSON | BDX | 53,670 | $12.3M | 1.32% |
| 24 | AMERICAN EXPRESS CO | AXP | 45,390 | $12.2M | 1.31% |
| 25 | EXXON MOBIL CORP | XOM | 99,790 | $11.9M | 1.28% |
| 26 | INTEL CORP | INTC | 516,720 | $11.7M | 1.26% |
| 27 | ALPHABET INC | GOOG | 59,734 | $9.2M | 0.99% |
| 28 | STATE BK OF INDIA | 856552203 | 97,660 | $8.7M | 0.93% |
| 29 | BORG WARNER INC | BWA | 88,330 | $2.5M | 0.27% |
| 30 | BIOGEN INC | BIIB | 14,110 | $1.9M | 0.21% |
| 31 | TORO CO | TORO | 21,200 | $1.5M | 0.17% |
| 32 | XPEL INC | XPEL | 52,000 | $1.5M | 0.16% |