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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
+7.83%
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
$1.49B
AUM Growth
+$88.6M
Cap. Flow
-$46.3M
Cap. Flow %
-3.1%
Top 10 Hldgs %
68.7%
Holding
48
New
2
Increased
10
Reduced
26
Closed
3

Top Buys

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$17.1M
2
AAPL icon
Apple
AAPL
+$8.5M
3
DIS icon
Walt Disney
DIS
+$5.6M
4
BWA icon
BorgWarner
BWA
+$4.33M
5
TROW icon
T. Rowe Price
TROW
+$3.31M

Top Sells

Rank Stock Value
1
BBD icon
Banco Bradesco
BBD
+$41.9M
2
INFY icon
Infosys
INFY
+$6.22M
3
MDU icon
MDU Resources
MDU
+$5.02M
4
JNJ icon
Johnson & Johnson
JNJ
+$4.42M
5
MKL icon
Markel Group
MKL
+$3.66M

Sector Composition

Rank Sector Weight
1 Financials 26.55%
2 Technology 15.23%
3 Materials 13.67%
4 Industrials 11.45%
5 Healthcare 4.75%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSM icon
26
MSC Industrial Direct
MSM
$6.91B
$10.8M 0.72%
130,900
– –
MDT icon
27
Medtronic
MDT
$115B
$9.88M 0.66%
108,422
-15,400
-12% -$1.38M
TIF
28
DELISTED
Tiffany & Co.
TIF
$9.78M 0.65%
92,700
-10,900
-11% -$1M
BKE icon
29
Buckle
BKE
$2.38B
$9.65M 0.65%
515,400
– –
AAPL icon
30
Apple
AAPL
$4.48T
$9.52M 0.64%
+200,400
New +$8.5M
TDY icon
31
Teledyne Technologies
TDY
$32.1B
$8.96M 0.6%
37,800
-3,100
-8% -$702K
WAFD icon
32
WaFd
WAFD
$2.77B
$8.84M 0.59%
305,995
– –
CCL icon
33
Carnival Corporation Ltd
CCL
$38.7B
$8.68M 0.58%
171,142
-1,300
-0.8% -$72K
BWA icon
34
BorgWarner
BWA
$14.3B
$8.6M 0.58%
254,464
+125,187
+97% +$4.33M
FLIR
35
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$8.05M 0.54%
169,200
-19,900
-11% -$962K
MMM icon
36
3M
MMM
$94.5B
$7.49M 0.5%
43,116
-6,219
-13% -$1.05M
BDX icon
37
Becton Dickinson
BDX
$49.2B
$7.43M 0.5%
30,494
-4,100
-12% -$969K
MSFT icon
38
Microsoft
MSFT
$3.73T
$7.23M 0.48%
61,321
-5,600
-8% -$611K
VMI icon
39
Valmont Industries
VMI
$9.65B
$7.06M 0.47%
54,300
-6,300
-10% -$813K
WABC icon
40
Westamerica Bancorp
WABC
$1.36B
$7.01M 0.47%
113,400
-3,500
-3% -$217K
GD icon
41
General Dynamics
GD
$107B
$5.22M 0.35%
30,855
+15,300
+98% +$2.58M
HOG icon
42
Harley-Davidson
HOG
$2.75B
$2.91M 0.19%
81,500
-3,300
-4% -$120K
HTLD icon
43
Heartland Express
HTLD
$920M
$1.95M 0.13%
101,200
– –
J icon
44
Jacobs Solutions
J
$17B
– –
-52,154
Closed -$2.52M
MDU icon
45
MDU Resources
MDU
$4.33B
– –
-553,328
Closed -$5.02M
1
2

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SCP
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Sprucegrove Investment Management's Q1 2019 Portfolio in Review

As of Q1 2019, Sprucegrove Investment Management held 48 positions worth $1.49B, up 6.3% from $1.41B the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Sprucegrove Investment Management withdrew a net $46.3M in Q1 2019, closing 3 positions and reducing 26 holdings. Its most notable exit was MDU Resources, an estimated $5.02M position sold in full.

By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 29% a quarter earlier, followed by Technology and Materials.

Against the trend, Sprucegrove Investment Management opened a new position in Qualcomm worth $18M.

  • Sprucegrove Investment Management's largest Q1 2019 buy was Qualcomm: 316,000 shares worth $18M.
  • Sprucegrove Investment Management added most to Walt Disney in Q1 2019, an estimated $5.6M increase.
  • Sprucegrove Investment Management's biggest Q1 2019 reduction was Banco Bradesco, cutting an estimated $41.9M.
  • Sprucegrove Investment Management fully exited MDU Resources in Q1 2019, selling an estimated $5.02M.
  • Sprucegrove Investment Management's ten largest holdings make up 69% of its $1.49B portfolio in Q1 2019.
  • Sprucegrove Investment Management opened 2 new positions and closed 3 in Q1 2019.
  • Sprucegrove Investment Management's portfolio value rose 6.3% quarter-over-quarter to $1.49B.

Based on Sprucegrove Investment Management's 13F filing for Q1 2019, filed 7 May 2019.