Sprucegrove Investment Management’s Petrobras PBR Stock Holding History

Sprucegrove Investment Management’s Portfolio PBR Stock Details PBR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-12,927,889	Closed	-$94.4M	–	57
2014 Q4	$94.4M	Sell	12,927,889 -202,199	-2%	-$2.18M	1.74%	25
2014 Q3	$186M	Sell	13,130,088 -1,049,600	-7%	-$17.6M	3.32%	10
2014 Q2	$207M	Sell	14,179,688 -127,000	-0.9%	-$1.85M	3.52%	7
2014 Q1	$188M	Sell	14,306,688 -332,200	-2%	-$3.88M	3.29%	7
2013 Q4	$202M	Buy	14,638,888 +936,800	+7%	+$14.5M	3.46%	6
2013 Q3	$212M	Buy	13,702,088 +2,127,500	+18%	+$30.3M	3.85%	6
2013 Q2	$155M	Buy	+11,574,588	New	+$197M	2.82%	14

Other funds holding PBR

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Credit Suisse Zurich, Switzerland $104B AUM 34.76% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

SIG

Senator Investment Group New York $2.74B AUM 55.95% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

HSBC Holdings London, United Kingdom $239B AUM 42.32% 1-Year Est. Return

DCM

Discovery Capital Management South Norwalk, Connecticut $2.41B AUM 286.33% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Macquarie Group Sydney, NSW 2000, Australia $23.2B AUM 40.19% 1-Year Est. Return

WGI

Westwood Global Investments Boston, Massachusetts $2.85B AUM 55.09% 1-Year Est. Return

Sprucegrove Investment Management's PBR Position: Q1 2015 in Review

Sprucegrove Investment Management sold out of Petrobras (PBR) in Q1 2015, closing a stake of 12,927,889 shares — an estimated $94.4M sold.

Sprucegrove Investment Management first reported a position in PBR in Q2 2013 and held it in 7 quarters. The position peaked at $212M in Q3 2013. 290 funds tracked by Wall St. Rank hold PBR as of Q1 2015.

Sprucegrove Investment Management reported no remaining Petrobras position as of Q1 2015 after selling out during the quarter.
Sprucegrove Investment Management sold 12,927,889 Petrobras shares in Q1 2015, an estimated $94.4M.
Sprucegrove Investment Management first reported a position in Petrobras in Q2 2013 and held it in 7 quarters.
Sprucegrove Investment Management's Petrobras position peaked at $212M in Q3 2013.
290 funds tracked by Wall St. Rank held Petrobras as of Q1 2015.

Based on Sprucegrove Investment Management's 13F filing for Q1 2015, filed 13 May 2015.