Q3 2025 · 13F-HR
SPRUCEGROVE INVESTMENT MANAGEMENT LTDholdings as filed
Filed 2025-11-14 · accession 0001193125-25-281856
$1.25B
Reported value
41
Positions
2025-09-30
Period end
The Brief · SPRUCEGROVE INVESTMENT MANAGEMENT LTD · Q3 2025
AI · grounded in 13F
SPRUCEGROVE INVESTMENT MANAGEMENT LTD initiated a new position in RYAAY valued at $317.6M. The fund also established new stakes in CPA for $273.5M and SSNHZ for $227.5M. Other new additions include CMGGF, DCI, and MKL.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 783513203 | RYAAY | RYANAIR HLDGS PLC | $317.6M | 25.5% | 5,273,508 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS | $273.5M | 22.0% | 2,301,884 | Common | SOLE |
| 796050888 | SSNHZ | SAMSUNG ELECTRONIC | $227.5M | 18.3% | 152,262 | Common | SOLE |
| 201712205 | CMGGF | COMMERCIAL INTL BK | $38.5M | 3.09% | 19,070,742 | Common | SOLE |
| 257651109 | DCI | DONALDSON INC | $21.2M | 1.70% | 258,761 | Common | SOLE |
| 570535104 | MKL | MARKEL GROUP INC | $20.8M | 1.67% | 10,888 | Common | SOLE |
| 12541W209 | CHRW | C H ROBINSON WLDWIDE | $20.1M | 1.61% | 151,682 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY | $19.9M | 1.60% | 39,601 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO & CO | $19.4M | 1.55% | 231,004 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $18.7M | 1.50% | 25,489 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC | $18.6M | 1.49% | 167,370 | Common | SOLE |
| 806407102 | HSIC | HENRY SCHEIN INC | $18.5M | 1.48% | 278,490 | Common | SOLE |
| 254687106 | DIS | WALT DISNEY CO | $18.1M | 1.45% | 157,770 | Common | SOLE |
| 371901109 | GNTX | GENTEX CORP | $17.5M | 1.41% | 619,760 | Common | SOLE |
| 833034101 | SNA | SNAP-ON INC | $16.8M | 1.35% | 48,580 | Common | SOLE |
| 74144T108 | TROW | PRICE T ROWE GROUP | $16.7M | 1.34% | 162,368 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $16.3M | 1.31% | 67,064 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $16.2M | 1.30% | 97,660 | Common | SOLE |
| 553530106 | MSM | MSC INDL DIRECT INC | $16.1M | 1.29% | 174,710 | Common | SOLE |
| 229899109 | CFR | CULLEN FROST BANKERS | $14.4M | 1.16% | 113,630 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $14.3M | 1.15% | 77,390 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $13.8M | 1.11% | 41,590 | Common | SOLE |
| 115637209 | BF/B | BROWN FORMAN CORP | $12.4M | 0.99% | 457,020 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $12.3M | 0.99% | 108,890 | Common | SOLE |
| 75513E101 | RTX | RTX CORPORATION | $10.7M | 0.86% | 63,730 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON | $9.6M | 0.77% | 51,470 | Common | SOLE |
| 856552203 | SBKFF | STATE BK OF INDIA | $9.2M | 0.74% | 93,880 | Common | NONE |
| 256677105 | DG | DOLLAR GEN CORP | $6.8M | 0.55% | 65,710 | Common | SOLE |
| 891092108 | TTC | TORO CO | $5.1M | 0.41% | 67,300 | Common | SOLE |
| 98379L100 | XPEL | XPEL INC | $3.8M | 0.30% | 114,856 | Common | SOLE |
| 537008104 | LFUS | LITTELFUSE INC | $181,307 | 0.01% | 700 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $167,610 | 0.01% | 3,700 | Common | SOLE |
| 26969P108 | EXP | EAGLE MATERIALS | $163,128 | 0.01% | 700 | Common | SOLE |
| 00508Y102 | AYI | ACUITY INC | $161,863 | 0.01% | 470 | Common | SOLE |
| 05561Q201 | BOKF | BOK FINL CORP | $156,016 | 0.01% | 1,400 | Common | SOLE |
| 938824109 | WAFD | WAFD INC | $127,218 | 0.01% | 4,200 | Common | SOLE |
| 05465C100 | AX | AXOS FINANCIAL | $118,510 | 0.01% | 1,400 | Common | SOLE |
| 515098101 | LSTR | LANDSTAR SYS INC | $98,048 | 0.01% | 800 | Common | SOLE |
| 302491303 | FMC | FMC CORP | $97,527 | 0.01% | 2,900 | Common | SOLE |
| 829073105 | SSD | SIMPSON MANUFACTURIN | $83,730 | 0.01% | 500 | Common | SOLE |
| 384109104 | GGG | GRACO INC | $76,464 | 0.01% | 900 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.