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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
+5.06%
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
$3.11B
AUM Growth
-$849M
Cap. Flow
-$833M
Cap. Flow %
-26.77%
Top 10 Hldgs %
63.84%
Holding
40
New
2
Increased
3
Reduced
32
Closed
3

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$19.1M
2
IPGP icon
IPG Photonics
IPGP
+$16.3M
3
GILD icon
Gilead Sciences
GILD
+$2.17M
4
CHKP icon
Check Point Software Technologies
CHKP
+$966K

Top Sells

Rank Stock Value
1
WFC icon
Wells Fargo
WFC
+$69.7M
2
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$57.4M
3
WBA
Walgreens Boots Alliance
WBA
+$47.8M
4
CFR icon
Cullen/Frost Bankers
CFR
+$45M
5
CHRW icon
C.H. Robinson
CHRW
+$44.8M

Sector Composition

Rank Sector Weight
1 Industrials 24.55%
2 Financials 23.88%
3 Consumer Staples 11.97%
4 Healthcare 8.35%
5 Technology 6.02%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABEV icon
1
Ambev
ABEV
$46.4B
$373M 11.97%
115,386,037
-9,947,400
-8% -$27.8M
BBD icon
2
Banco Bradesco
BBD
$36.7B
$345M 11.08%
81,741,988
-6,161,980
-7% -$22.6M
CPA icon
3
Copa Holdings
CPA
$5.8B
$301M 9.68%
3,604,110
-316,000
-8% -$26M
RYAAY icon
4
Ryanair
RYAAY
$31.3B
$150M 4.82%
4,303,685
-350,750
-8% -$14.4M
BRK.B icon
5
Berkshire Hathaway Class B
BRK.B
$1.13T
$107M 3.45%
304,040
-177,500
-37% -$57.4M
CHRW icon
6
C.H. Robinson
CHRW
$17.5B
$92.3M 2.96%
856,500
-440,800
-34% -$44.8M
TROW icon
7
T. Rowe Price
TROW
$24.3B
$76.3M 2.45%
504,800
-129,500
-20% -$20M
RTX icon
8
RTX Corp
RTX
$301B
$76.2M 2.45%
769,300
-423,800
-36% -$40.2M
WBA
9
DELISTED
Walgreens Boots Alliance
WBA
$74.1M 2.38%
1,655,750
-972,400
-37% -$47.8M
CHKP icon
10
Check Point Software Technologies
CHKP
$13.1B
$73.1M 2.35%
528,900
+7,400
+1% +$966K
MMM icon
11
3M
MMM
$94.3B
$72.9M 2.34%
585,562
-170,310
-23% -$22.6M
MKL icon
12
Markel Group
MKL
$23.2B
$72.1M 2.32%
48,885
-18,120
-27% -$23.4M
INTC icon
13
Intel
INTC
$513B
$71M 2.28%
1,433,040
-690,800
-33% -$34.2M
DIS icon
14
Walt Disney
DIS
$181B
$66.4M 2.13%
484,400
-259,900
-35% -$37.6M
HSIC icon
15
Henry Schein
HSIC
$9.82B
$61.7M 1.98%
707,942
-400,700
-36% -$32.6M
XOM icon
16
ExxonMobil
XOM
$634B
$61.6M 1.98%
745,700
-435,100
-37% -$33.8M
BWA icon
17
BorgWarner
BWA
$13.9B
$59.4M 1.91%
1,734,786
-783,158
-31% -$29.3M
CFR icon
18
Cullen/Frost Bankers
CFR
$10.2B
$56.9M 1.83%
411,207
-323,700
-44% -$45M
BIIB icon
19
Biogen
BIIB
$30.7B
$55.6M 1.79%
264,200
-59,300
-18% -$12.9M
WFC icon
20
Wells Fargo
WFC
$264B
$48.4M 1.55%
998,160
-1,302,800
-57% -$69.7M
MSM icon
21
MSC Industrial Direct
MSM
$6.86B
$47.9M 1.54%
561,910
-324,300
-37% -$26.3M
IPGP icon
22
IPG Photonics
IPGP
$3.84B
$43.3M 1.39%
394,522
+118,700
+43% +$16.3M
EXP icon
23
Eagle Materials
EXP
$6.57B
$41.3M 1.33%
322,000
-313,500
-49% -$44.5M
AXP icon
24
American Express
AXP
$230B
$37.8M 1.21%
201,900
-119,100
-37% -$21.5M
JNJ icon
25
Johnson & Johnson
JNJ
$625B
$29.7M 0.95%
167,400
-92,100
-35% -$15.7M
1
2

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Sprucegrove Investment Management's Q1 2022 Portfolio in Review

As of Q1 2022, Sprucegrove Investment Management held 40 positions worth $3.11B, down 21% from $3.96B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Sprucegrove Investment Management withdrew a net $833M in Q1 2022, closing 3 positions and reducing 32 holdings. Its most notable exit was SLB Ltd, an estimated $23.4M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 25% of assets, down from 25% a quarter earlier, followed by Financials and Consumer Staples.

Against the trend, Sprucegrove Investment Management opened a new position in Meta Platforms (Facebook) worth $17M.

  • Sprucegrove Investment Management's largest Q1 2022 buy was Meta Platforms (Facebook): 76,600 shares worth $17M.
  • Sprucegrove Investment Management added most to IPG Photonics in Q1 2022, an estimated $16.3M increase.
  • Sprucegrove Investment Management's biggest Q1 2022 reduction was Wells Fargo, cutting an estimated $69.7M.
  • Sprucegrove Investment Management fully exited SLB Ltd in Q1 2022, selling an estimated $23.4M.
  • Sprucegrove Investment Management's ten largest holdings make up 64% of its $3.11B portfolio in Q1 2022.
  • Sprucegrove Investment Management opened 2 new positions and closed 3 in Q1 2022.
  • Sprucegrove Investment Management's portfolio value fell 21% quarter-over-quarter to $3.11B.

Based on Sprucegrove Investment Management's 13F filing for Q1 2022, filed 16 May 2022.