Q4 2025 · 13F-HR
SPRUCEGROVE INVESTMENT MANAGEMENT LTDholdings as filed
Filed 2026-02-03 · accession 0001193125-26-034374
$829.8M
Reported value
40
Positions
2025-12-31
Period end
The Brief · SPRUCEGROVE INVESTMENT MANAGEMENT LTD · Q4 2025
AI · grounded in 13F
SPRUCEGROVE INVESTMENT MANAGEMENT LTD closed its position in COMMERCIAL INTL BK CMGGF, reducing its exposure by $38.5M. The fund established a new position in ACCENTURE PLC ACN worth $3.4M and increased its holdings in EAGLE MATERIALS EXP by 1671.4%. Other notable reductions include trimming shares of META PLATFORMS INC META by 75.3% and BERKSHIRE HATHAWAY BRK/B by 67.5%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 783513203 | RYAAY | RYANAIR HLDGS PLC | $327.5M | 39.5% | 4,537,122 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS | $230.5M | 27.8% | 1,911,095 | Common | SOLE |
| 796050888 | SSNHZ | SAMSUNG ELECTRONIC | $115.0M | 13.9% | 55,656 | Common | SOLE |
| 856552203 | SBKFF | STATE BK OF INDIA | $10.1M | 1.22% | 92,910 | Common | NONE |
| 12541W209 | CHRW | C H ROBINSON WLDWIDE | $8.5M | 1.02% | 52,882 | Common | SOLE |
| 257651109 | DCI | DONALDSON INC | $8.2M | 0.99% | 92,664 | Common | SOLE |
| 570535104 | MKL | MARKEL GROUP INC | $8.2M | 0.99% | 3,818 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO & CO | $7.5M | 0.91% | 80,847 | Common | SOLE |
| 806407102 | HSIC | HENRY SCHEIN INC | $7.5M | 0.90% | 99,217 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC | $7.3M | 0.89% | 59,870 | Common | SOLE |
| 254687106 | DIS | WALT DISNEY CO | $6.5M | 0.78% | 57,011 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY | $6.5M | 0.78% | 12,867 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $6.4M | 0.77% | 20,344 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $6.1M | 0.73% | 35,489 | Common | SOLE |
| 74144T108 | TROW | PRICE T ROWE GROUP | $6.0M | 0.72% | 58,158 | Common | SOLE |
| 833034101 | SNA | SNAP-ON INC | $5.9M | 0.71% | 17,180 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $5.6M | 0.68% | 27,190 | Common | SOLE |
| 256677105 | DG | DOLLAR GEN CORP | $5.4M | 0.65% | 40,610 | Common | SOLE |
| 553530106 | MSM | MSC INDL DIRECT INC | $5.3M | 0.63% | 62,636 | Common | SOLE |
| 229899109 | CFR | CULLEN FROST BANKERS | $5.2M | 0.63% | 41,038 | Common | SOLE |
| 371901109 | GNTX | GENTEX CORP | $5.2M | 0.62% | 222,494 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $5.1M | 0.61% | 13,732 | Common | SOLE |
| 115637209 | BF/B | BROWN FORMAN CORP | $5.0M | 0.61% | 193,120 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $4.7M | 0.57% | 39,059 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $4.2M | 0.50% | 6,306 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON | $3.6M | 0.43% | 18,470 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC | $3.4M | 0.41% | 12,597 | Common | SOLE |
| 98379L100 | XPEL | XPEL INC | $3.2M | 0.39% | 64,256 | Common | SOLE |
| 26969P108 | EXP | EAGLE MATERIALS | $2.6M | 0.31% | 12,400 | Common | SOLE |
| 891092108 | TTC | TORO CO | $2.5M | 0.30% | 31,810 | Common | SOLE |
| 537008104 | LFUS | LITTELFUSE INC | $177,044 | 0.02% | 700 | Common | SOLE |
| 00508Y102 | AYI | ACUITY INC | $169,219 | 0.02% | 470 | Common | SOLE |
| 05561Q201 | BOKF | BOK FINL CORP | $165,844 | 0.02% | 1,400 | Common | SOLE |
| 938824109 | WAFD | WAFD INC | $134,526 | 0.02% | 4,200 | Common | SOLE |
| 05465C100 | AX | AXOS FINANCIAL | $120,624 | 0.01% | 1,400 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $115,136 | 0.01% | 3,200 | Common | SOLE |
| 515098101 | LSTR | LANDSTAR SYS INC | $114,960 | 0.01% | 800 | Common | SOLE |
| 829073105 | SSD | SIMPSON MANUFACTURIN | $80,735 | 0.01% | 500 | Common | SOLE |
| 384109104 | GGG | GRACO INC | $73,773 | 0.01% | 900 | Common | SOLE |
| 302491303 | FMC | FMC CORP | $40,223 | 0.00% | 2,900 | 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.