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Sprucegrove Investment Management Portfolio holdings

AUM $639M
1-Year Est. Return 23.31%
This Fund
S&P 500
This Quarter Est. Return
-0.38%
1 Year Est. Return
+23.31%
3 Year Est. Return
+45.55%
5 Year Est. Return
+63.65%
10 Year Est. Return
+203.75%
AUM
$1.41B
AUM Growth
-$150M
Cap. Flow
-$46.8M
Cap. Flow %
-3.33%
Top 10 Hldgs %
70.2%
Holding
50
New
2
Increased
8
Reduced
34
Closed
4

Top Buys

Rank Stock Value
1
CPA icon
Copa Holdings
CPA
+$17.1M
2
MLM icon
Martin Marietta Materials
MLM
+$5.22M
3
BWA icon
BorgWarner
BWA
+$4.33M
4
SLB icon
SLB Ltd
SLB
+$3M
5
PKX icon
POSCO
PKX
+$2.95M

Top Sells

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$25.1M
2
TGNA
TEGNA Inc
TGNA
+$8.76M
3
VLY icon
Valley National Bancorp
VLY
+$6.71M
4
BBD icon
Banco Bradesco
BBD
+$5.8M
5
J icon
Jacobs Solutions
J
+$5.67M

Sector Composition

Rank Sector Weight
1 Financials 29.01%
2 Materials 13.67%
3 Technology 12.98%
4 Industrials 11.32%
5 Healthcare 5.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSM icon
26
MSC Industrial Direct
MSM
$6.87B
$10.1M 0.72%
130,900
-8,500
-6% -$705K
BKE icon
27
Buckle
BKE
$2.4B
$9.97M 0.71%
515,400
-26,600
-5% -$539K
CCL icon
28
Carnival Corporation Ltd
CCL
$38B
$8.5M 0.6%
172,442
-18,600
-10% -$1.07M
TDY icon
29
Teledyne Technologies
TDY
$32B
$8.47M 0.6%
40,900
-2,200
-5% -$481K
TIF
30
DELISTED
Tiffany & Co.
TIF
$8.34M 0.59%
103,600
-9,800
-9% -$999K
FLIR
31
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$8.23M 0.59%
189,100
-19,300
-9% -$949K
WAFD icon
32
WaFd
WAFD
$2.76B
$8.17M 0.58%
305,995
-5,200
-2% -$146K
MMM icon
33
3M
MMM
$93.9B
$7.86M 0.56%
49,335
-4,306
-8% -$715K
BDX icon
34
Becton Dickinson
BDX
$48.9B
$7.61M 0.54%
34,594
-3,690
-10% -$856K
MSFT icon
35
Microsoft
MSFT
$3.76T
$6.8M 0.48%
66,921
-8,100
-11% -$868K
VMI icon
36
Valmont Industries
VMI
$9.5B
$6.72M 0.48%
60,600
-3,900
-6% -$486K
WABC icon
37
Westamerica Bancorp
WABC
$1.35B
$6.51M 0.46%
116,900
-10,600
-8% -$624K
MDU icon
38
MDU Resources
MDU
$4.29B
$5.02M 0.36%
553,328
-544,649
-50% -$5.31M
BWA icon
39
BorgWarner
BWA
$14.1B
$3.95M 0.28%
+129,277
New +$4.33M
HOG icon
40
Harley-Davidson
HOG
$2.72B
$2.89M 0.21%
84,800
-9,300
-10% -$365K
J icon
41
Jacobs Solutions
J
$17.2B
$2.52M 0.18%
52,154
-99,135
-66% -$5.67M
GD icon
42
General Dynamics
GD
$107B
$2.44M 0.17%
15,555
– –
HTLD icon
43
Heartland Express
HTLD
$911M
$1.85M 0.13%
101,200
– –
EMR icon
44
Emerson Electric
EMR
$88.5B
– –
-56,800
Closed -$4.35M
QCOM icon
45
Qualcomm
QCOM
$170B
– –
-349,000
Closed -$25.1M
TGNA
46
DELISTED
TEGNA Inc
TGNA
– –
-732,580
Closed -$8.76M
VLY icon
47
Valley National Bancorp
VLY
$8.1B
– –
-596,200
Closed -$6.71M
1
2

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Sprucegrove Investment Management's Q4 2018 Portfolio in Review

As of Q4 2018, Sprucegrove Investment Management held 50 positions worth $1.41B, down 9.7% from $1.56B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Sprucegrove Investment Management withdrew a net $46.8M in Q4 2018, closing 4 positions and reducing 34 holdings. Its most notable exit was Qualcomm, an estimated $25.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 29% of assets, up from 24% a quarter earlier, followed by Materials and Technology.

Against the trend, Sprucegrove Investment Management opened a new position in BorgWarner worth $3.95M.

  • Sprucegrove Investment Management's largest Q4 2018 buy was BorgWarner: 129,277 shares worth $3.95M.
  • Sprucegrove Investment Management added most to Copa Holdings in Q4 2018, an estimated $17.1M increase.
  • Sprucegrove Investment Management's biggest Q4 2018 reduction was Banco Bradesco, cutting an estimated $5.8M.
  • Sprucegrove Investment Management fully exited Qualcomm in Q4 2018, selling an estimated $25.1M.
  • Sprucegrove Investment Management's ten largest holdings make up 70% of its $1.41B portfolio in Q4 2018.
  • Sprucegrove Investment Management opened 2 new positions and closed 4 in Q4 2018.
  • Sprucegrove Investment Management's portfolio value fell 9.7% quarter-over-quarter to $1.41B.

Based on Sprucegrove Investment Management's 13F filing for Q4 2018, filed 8 Feb 2019.