13F HOLDINGS REPORT
SPRUCEGROVE INVESTMENT MANAGEMENT LTD
Quarter ended Q2 2025 · Filed August 6, 2025 · Accession 0000950123-25-007072
Total Value
$1.24B
Positions
43
Other Managers
1
Confidential Omitted
No
Holdings (43)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | RYANAIR HLDGS PLC | RYAOF | 6,011,207 | $346.7M | 28.01% |
| 2 | COPA HOLDINGS | CPA | 2,533,736 | $278.6M | 22.51% |
| 3 | SAMSUNG ELECTRONIC | 796050888 | 166,574 | $183.4M | 14.82% |
| 4 | COMMERCIAL INTL BK | 201712205 | 21,212,772 | $35.6M | 2.88% |
| 5 | MARKEL GROUP INC | MKL | 12,189 | $24.3M | 1.97% |
| 6 | WALT DISNEY CO | 254687106 | 178,070 | $22.1M | 1.78% |
| 7 | HENRY SCHEIN INC | HSIC | 297,890 | $21.8M | 1.76% |
| 8 | BERKSHIRE HATHAWAY | BRK-A | 44,618 | $21.7M | 1.75% |
| 9 | META PLATFORMS INC | META | 29,098 | $21.5M | 1.74% |
| 10 | GILEAD SCIENCES INC | GILD | 185,570 | $20.6M | 1.66% |
| 11 | WELLS FARGO & CO | 949746101 | 255,604 | $20.5M | 1.65% |
| 12 | DONALDSON INC | DCI | 275,761 | $19.1M | 1.55% |
| 13 | QUALCOMM INC | QCOM | 107,460 | $17.1M | 1.38% |
| 14 | PRICE T ROWE GROUP | TROW | 176,668 | $17.0M | 1.38% |
| 15 | CULLEN FROST BANKERS | CFR-PB | 125,630 | $16.1M | 1.30% |
| 16 | MSC INDL DIRECT INC | 553530106 | 189,610 | $16.1M | 1.30% |
| 17 | RTX CORPORATION | RTX | 100,630 | $14.7M | 1.19% |
| 18 | SNAP-ON INC | SNA | 47,080 | $14.7M | 1.18% |
| 19 | C H ROBINSON WLDWIDE | CHRW | 152,582 | $14.6M | 1.18% |
| 20 | AMERICAN EXPRESS CO | AXP | 44,990 | $14.4M | 1.16% |
| 21 | GENTEX CORP | GNTX | 591,560 | $13.0M | 1.05% |
| 22 | JOHNSON & JOHNSON | JNJ | 82,090 | $12.5M | 1.01% |
| 23 | BROWN FORMAN CORP | BF-B | 456,220 | $12.3M | 0.99% |
| 24 | ALPHABET INC | GOOG | 63,474 | $11.2M | 0.90% |
| 25 | EXXON MOBIL CORP | XOM | 102,690 | $11.1M | 0.89% |
| 26 | BECTON DICKINSON | BDX | 53,070 | $9.1M | 0.74% |
| 27 | STATE BK OF INDIA | 856552203 | 95,450 | $9.1M | 0.73% |
| 28 | DOLLAR GEN CORP | 256677105 | 38,731 | $4.4M | 0.36% |
| 29 | TORO CO | TORO | 62,600 | $4.4M | 0.36% |
| 30 | XPEL INC | XPEL | 119,100 | $4.3M | 0.35% |
| 31 | BORG WARNER INC | BWA | 83,430 | $2.8M | 0.23% |
| 32 | BIOGEN INC | BIIB | 13,310 | $1.7M | 0.14% |
| 33 | LITTELFUSE INC | LFUS | 700 | $158,711 | 0.01% |
| 34 | BOK FINL CORP | 05561Q201 | 1,300 | $126,919 | 0.01% |
| 35 | EAGLE MATERIALS | 26969P108 | 600 | $121,266 | 0.01% |
| 36 | ACUITY INC | AYI | 400 | $119,336 | 0.01% |
| 37 | COGNEX CORP | CGNX | 3,700 | $117,364 | 0.01% |
| 38 | WAFD INC | WAFDP | 3,500 | $102,480 | 0.01% |
| 39 | AXOS FINANCIAL | AX | 1,300 | $98,852 | 0.01% |
| 40 | LANDSTAR SYS INC | LSTR | 700 | $97,314 | 0.01% |
| 41 | FMC CORP | FMC | 1,600 | $66,800 | 0.01% |
| 42 | SIMPSON MANUFACTURIN | 829073105 | 400 | $62,124 | 0.01% |
| 43 | GRACO INC | GGG | 700 | $60,179 | 0.00% |