Q1 2026 · 13F-HR
SPRUCEGROVE INVESTMENT MANAGEMENT LTDholdings as filed
Filed 2026-05-13 · accession 0001193125-26-220832
$625.0M
Reported value
42
Positions
2026-03-31
Period end
The Brief · SPRUCEGROVE INVESTMENT MANAGEMENT LTD · Q1 2026
AI · grounded in 13F
SPRUCEGROVE INVESTMENT MANAGEMENT LTD established a new position in NKE valued at $2.65M. The fund also opened new stakes in MSFT for $1.54M and WAT for $656K. On the sell side, the fund trimmed its holding in MSM by 97.76% and reduced its position in SBKFF by 68.15%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 783513203 | RYAAY | RYANAIR HLDGS PLC | $222.1M | 35.5% | 3,843,067 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS | $193.0M | 30.9% | 1,699,010 | Common | SOLE |
| 796050888 | SSNHZ | SAMSUNG ELECTRONIC | $91.8M | 14.7% | 32,382 | Common | SOLE |
| 257651109 | DCI | DONALDSON INC | $6.2M | 0.99% | 72,604 | Common | SOLE |
| 570535104 | MKL | MARKEL GROUP INC | $5.9M | 0.95% | 3,088 | Common | SOLE |
| 806407102 | HSIC | HENRY SCHEIN INC | $5.9M | 0.94% | 80,127 | Common | SOLE |
| 12541W209 | CHRW | C H ROBINSON WLDWIDE | $5.4M | 0.87% | 32,612 | Common | SOLE |
| 375558103 | GILD | GILEAD SCIENCES INC | $5.3M | 0.85% | 37,900 | Common | SOLE |
| 833034101 | SNA | SNAP-ON INC | $5.3M | 0.84% | 14,500 | Common | SOLE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $5.1M | 0.81% | 20,800 | Common | SOLE |
| 949746101 | WMT2 | WELLS FARGO & CO | $5.0M | 0.80% | 62,520 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $4.8M | 0.77% | 28,369 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $4.7M | 0.75% | 16,284 | Common | SOLE |
| 254687106 | DIS | WALT DISNEY CO | $4.7M | 0.75% | 48,541 | Common | SOLE |
| 229899109 | CFR | CULLEN FROST BANKERS | $4.5M | 0.72% | 32,708 | Common | SOLE |
| 115637209 | BF/B | BROWN FORMAN CORP | $4.4M | 0.70% | 165,200 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY | $4.3M | 0.69% | 8,996 | Common | SOLE |
| 256677105 | DG | DOLLAR GEN CORP | $4.3M | 0.68% | 36,029 | Common | SOLE |
| 74144T108 | TROW | PRICE T ROWE GROUP | $4.2M | 0.68% | 46,870 | Common | SOLE |
| 371901109 | GNTX | GENTEX CORP | $4.1M | 0.66% | 188,734 | Common | SOLE |
| 747525103 | QCOM | QUALCOMM INC | $4.0M | 0.65% | 31,329 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $3.3M | 0.53% | 10,953 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC | $3.3M | 0.52% | 16,436 | Common | SOLE |
| 26969P108 | EXP | EAGLE MATERIALS | $3.2M | 0.51% | 16,837 | Common | SOLE |
| 856552203 | SBKFF | STATE BK OF INDIA | $3.1M | 0.50% | 29,590 | Common | NONE |
| 891092108 | TTC | TORO CO | $2.9M | 0.46% | 30,810 | Common | SOLE |
| 98379L100 | XPEL | XPEL INC | $2.9M | 0.46% | 64,800 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $2.7M | 0.43% | 4,705 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $2.7M | 0.42% | 50,200 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON | $2.5M | 0.39% | 15,600 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $1.5M | 0.25% | 4,160 | Common | SOLE |
| 941848103 | WAT | WATERS CORP | $656,351 | 0.11% | 2,204 | Common | SOLE |
| 537008104 | LFUS | LITTELFUSE INC | $237,545 | 0.04% | 700 | Common | SOLE |
| 05561Q201 | BOKF | BOK FINL CORP | $179,284 | 0.03% | 1,400 | Common | SOLE |
| 192422103 | CGNX | COGNEX CORP | $156,768 | 0.03% | 3,200 | Common | SOLE |
| 938824109 | WAFD | WAFD INC | $131,880 | 0.02% | 4,200 | Common | SOLE |
| 00508Y102 | AYI | ACUITY INC | $131,703 | 0.02% | 470 | Common | SOLE |
| 553530106 | MSM | MSC INDL DIRECT INC | $129,178 | 0.02% | 1,400 | Common | SOLE |
| 515098101 | LSTR | LANDSTAR SYS INC | $128,248 | 0.02% | 800 | Common | SOLE |
| 05465C100 | AX | AXOS FINANCIAL | $119,126 | 0.02% | 1,400 | Common | SOLE |
| 829073105 | SSD | SIMPSON MANUFACTURIN | $85,810 | 0.01% | 500 | Common | SOLE |
| 384109104 | GGG | GRACO INC | $76,185 | 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.