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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
-10.69%
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
$1.59B
AUM Growth
-$332M
Cap. Flow
-$97M
Cap. Flow %
-6.12%
Top 10 Hldgs %
84%
Holding
38
New
2
Increased
5
Reduced
28
Closed
2

Top Buys

Rank Stock Value
1
TD icon
Toronto Dominion Bank
TD
+$35.5M
2
CFR icon
Cullen/Frost Bankers
CFR
+$3.28M
3
TSM icon
TSMC
TSM
+$1.28M
4
QCOM icon
Qualcomm
QCOM
+$666K
5
BIIB icon
Biogen
BIIB
+$520K

Top Sells

Rank Stock Value
1
CHKP icon
Check Point Software Technologies
CHKP
+$53.4M
2
CPA icon
Copa Holdings
CPA
+$12.3M
3
MMM icon
3M
MMM
+$10.6M
4
ABEV icon
Ambev
ABEV
+$10.5M
5
BBD icon
Banco Bradesco
BBD
+$9.43M

Sector Composition

Rank Sector Weight
1 Industrials 33.09%
2 Financials 22.31%
3 Consumer Staples 12.39%
4 Healthcare 3.62%
5 Communication Services 2.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XOM icon
26
ExxonMobil
XOM
$657B
$6.53M 0.41%
55,500
-2,200
-4% -$241K
GILD icon
27
Gilead Sciences
GILD
$168B
$6.46M 0.41%
86,166
-1,698
-2% -$131K
EXP icon
28
Eagle Materials
EXP
$6.57B
$6.37M 0.4%
38,270
-10,100
-21% -$1.84M
QCOM icon
29
Qualcomm
QCOM
$171B
$6.27M 0.4%
56,438
+5,742
+11% +$666K
BDX icon
30
Becton Dickinson
BDX
$49.4B
$3.65M 0.23%
14,109
-423
-3% -$114K
MLM icon
31
Martin Marietta Materials
MLM
$33.3B
$3.64M 0.23%
8,875
-511
-5% -$226K
GOOGL icon
32
Alphabet (Google) Class A
GOOGL
$4.2T
$2.61M 0.16%
19,965
-676
-3% -$87.4K
TSM icon
33
TSMC
TSM
$2.19T
$1.17M 0.07%
+13,500
New +$1.28M
CHKP icon
34
Check Point Software Technologies
CHKP
$13.2B
– –
-424,876
Closed -$53.4M
MMM icon
35
3M
MMM
$94.4B
– –
-126,911
Closed -$10.6M
1
2

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Sprucegrove Investment Management's Q3 2023 Portfolio in Review

As of Q3 2023, Sprucegrove Investment Management held 38 positions worth $1.59B, down 17% from $1.92B the previous quarter. Its ten largest holdings account for 84% of the portfolio.

Sprucegrove Investment Management withdrew a net $97M in Q3 2023, closing 2 positions and reducing 28 holdings. Its most notable exit was Check Point Software Technologies, an estimated $53.4M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 33% of assets, down from 34% a quarter earlier, followed by Financials and Consumer Staples.

Against the trend, Sprucegrove Investment Management opened a new position in Toronto Dominion Bank worth $34.3M.

  • Sprucegrove Investment Management's largest Q3 2023 buy was Toronto Dominion Bank: 569,700 shares worth $34.3M.
  • Sprucegrove Investment Management added most to Cullen/Frost Bankers in Q3 2023, an estimated $3.28M increase.
  • Sprucegrove Investment Management's biggest Q3 2023 reduction was Copa Holdings, cutting an estimated $12.3M.
  • Sprucegrove Investment Management fully exited Check Point Software Technologies in Q3 2023, selling an estimated $53.4M.
  • Sprucegrove Investment Management's ten largest holdings make up 84% of its $1.59B portfolio in Q3 2023.
  • Sprucegrove Investment Management opened 2 new positions and closed 2 in Q3 2023.
  • Sprucegrove Investment Management's portfolio value fell 17% quarter-over-quarter to $1.59B.

Based on Sprucegrove Investment Management's 13F filing for Q3 2023, filed 13 Nov 2023.