SPRUCEGROVE INVESTMENT MANAGEMENT LTD — 13F Holdings & Portfolio
CIK 1234074 · latest 13F-HR filed 2026-08-07
SPRUCEGROVE INVESTMENT MANAGEMENT LTD manages $639.1M in 13F-reported U.S. long-equity assets across 40 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are CPA (35.33%), RYAAY (34.65%), SSNHZ (19.97%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 0 new positions, exited 2, added to 11, and trimmed 28.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$639.1M
Long-equity book
40
Distinct positions
2026-06-30
Filed 2026-08-07
+0 / −2 / ↑11 / ↓28
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Share-count changes vs the prior 13F.
Top Adds (vs prior quarter)
- SAMSUNG ELECTRONIC$35.8M +39.0%
- COPA HOLDINGS$32.8M +17.0%
- COGNEX CORP$46.0K +29.3%
- ACUITY INC$45.3K +34.4%
- MSC INDL DIRECT INC$37.4K +28.9%
Top Trims
- C H ROBINSON WLDWIDE-$3.4M -62.1%
- GILEAD SCIENCES INC-$2.9M -54.8%
- WELLS FARGO & CO-$2.8M -56.0%
- MARKEL GROUP INC-$2.8M -47.0%
- JOHNSON & JOHNSON-$2.7M -54.0%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | COPA HOLDINGS | CPA | P31076105 | $225.8M | 35.33% | 1,451,592 | SH |
| 2 | RYANAIR HLDGS PLC | RYAAY | 783513203 | $221.4M | 34.65% | 3,419,717 | SH |
| 3 | SAMSUNG ELECTRONIC | SSNHZ | 796050888 | $127.6M | 19.97% | 23,676 | SH |
| 4 | DONALDSON INC | DCI | 257651109 | $3.6M | 0.56% | 40,004 | SH |
| 5 | HENRY SCHEIN INC | HSIC | 806407102 | $3.4M | 0.53% | 40,427 | SH |
| 6 | MARKEL GROUP INC | MKL | 570535104 | $3.1M | 0.49% | 1,604 | SH |
| 7 | SNAP-ON INC | SNA | 833034101 | $3.0M | 0.47% | 7,400 | SH |
| 8 | ALPHABET INC | GOOGL | 02079K305 | $2.8M | 0.44% | 7,870 | SH |
| 9 | EAGLE MATERIALS | EXP | 26969P108 | $2.8M | 0.43% | 12,310 | SH |
| 10 | QUALCOMM INC | QCOM | 747525103 | $2.8M | 0.43% | 14,929 | SH |
| 11 | DOLLAR GEN CORP | DG | 256677105 | $2.7M | 0.42% | 23,495 | SH |
| 12 | CULLEN FROST BANKERS | CFR | 229899109 | $2.5M | 0.39% | 16,308 | SH |
| 13 | BERKSHIRE HATHAWAY | BRK.B | 084670702 | $2.5M | 0.39% | 5,035 | SH |
| 14 | GENTEX CORP | GNTX | 371901109 | $2.5M | 0.39% | 99,334 | SH |
| 15 | WALT DISNEY CO | DIS | 254687106 | $2.5M | 0.38% | 25,541 | SH |
| 16 | GILEAD SCIENCES INC | GILD | 375558103 | $2.4M | 0.37% | 18,900 | SH |
| 17 | BROWN FORMAN CORP | BF.B | 115637209 | $2.4M | 0.37% | 89,100 | SH |
| 18 | JOHNSON & JOHNSON | JNJ | 478160104 | $2.3M | 0.37% | 9,200 | SH |
| 19 | XPEL INC | XPEL | 98379L100 | $2.3M | 0.36% | 46,300 | SH |
| 20 | WELLS FARGO & CO | WFC | 949746101 | $2.2M | 0.34% | 26,477 | SH |
| 21 | PRICE T ROWE GROUP | TROW | 74144T108 | $2.1M | 0.33% | 18,714 | SH |
| 22 | EXXON MOBIL CORP | XOM | 30231G102 | $2.1M | 0.33% | 15,269 | SH |
| 23 | C H ROBINSON WLDWIDE | CHRW | 12541W209 | $2.1M | 0.32% | 10,912 | SH |
| 24 | TORO CO | TTC | 891092108 | $2.0M | 0.32% | 20,810 | SH |
| 25 | AMERICAN EXPRESS CO | AXP | 025816109 | $1.8M | 0.29% | 5,442 | SH |
| 26 | MICROSOFT CORP | MSFT | 594918104 | $1.4M | 0.22% | 3,840 | SH |
| 27 | ACCENTURE PLC | ACN | G1151C101 | $1.4M | 0.22% | 11,183 | SH |
| 28 | NIKE INC | NKE | 654106103 | $1.4M | 0.22% | 33,900 | SH |
| 29 | META PLATFORMS INC | META | 30303M102 | $1.3M | 0.21% | 2,351 | SH |
| 30 | BECTON DICKINSON | BDX | 075887109 | $1.2M | 0.19% | 8,000 | SH |
| 31 | LITTELFUSE INC | LFUS | 537008104 | $259.5K | 0.04% | 570 | SH |
| 32 | COGNEX CORP | CGNX | 192422103 | $202.8K | 0.03% | 2,800 | SH |
| 33 | BOK FINL CORP | BOKF | 05561Q201 | $194.4K | 0.03% | 1,400 | SH |
| 34 | ACUITY INC | AYI | 00508Y102 | $177.0K | 0.03% | 470 | SH |
| 35 | MSC INDL DIRECT INC | MSM | 553530106 | $166.5K | 0.03% | 1,400 | SH |
| 36 | LANDSTAR SYS INC | LSTR | 515098101 | $165.4K | 0.03% | 800 | SH |
| 37 | WAFD INC | WAFD | 938824109 | $161.2K | 0.03% | 4,200 | SH |
| 38 | AXOS FINANCIAL | AX | 05465C100 | $136.3K | 0.02% | 1,400 | SH |
| 39 | SIMPSON MANUFACTURIN | SSD | 829073105 | $104.7K | 0.02% | 500 | SH |
| 40 | GRACO INC | GGG | 384109104 | $68.0K | 0.01% | 900 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-07 | $639.1M | 40 | 0001193125-26-339127 |
| 2026-03-31 | 2026-05-13 | $625.0M | 42 | 0001193125-26-220832 |
| 2025-12-31 | 2026-02-03 | $829.8M | 40 | 0001193125-26-034374 |
| 2025-09-30 | 2025-11-14 | $1.25B | 41 | 0001193125-25-281856 |
STE 1300
TORONTO, A6 M5H 3M7