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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
+2.13%
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
$1.74B
AUM Growth
-$268M
Cap. Flow
-$234M
Cap. Flow %
-13.44%
Top 10 Hldgs %
77.73%
Holding
37
New
1
Increased
3
Reduced
31
Closed
2

Top Buys

Rank Stock Value
1
RYAAY icon
Ryanair
RYAAY
+$60.3M

Top Sells

Rank Stock Value
1
CHRW icon
C.H. Robinson
CHRW
+$20.4M
2
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$19.4M
3
ABEV icon
Ambev
ABEV
+$19.1M
4
BIIB icon
Biogen
BIIB
+$15.5M
5
RTX icon
RTX Corp
RTX
+$15.4M

Sector Composition

Rank Sector Weight
1 Industrials 27.87%
2 Financials 22.7%
3 Consumer Staples 16.06%
4 Healthcare 5.46%
5 Technology 4.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ABEV icon
1
Ambev
ABEV
$46.5B
$280M 16.06%
98,953,797
-6,741,300
-6% -$19.1M
BBD icon
2
Banco Bradesco
BBD
$37.1B
$270M 15.51%
73,498,991
-2,863,700
-4% -$10.1M
CPA icon
3
Copa Holdings
CPA
$5.8B
$227M 13.03%
3,390,335
-170,800
-5% -$11.9M
RYAAY icon
4
Ryanair
RYAAY
$31.4B
$151M 8.64%
6,447,085
+2,141,400
+50% +$60.3M
CHKP icon
5
Check Point Software Technologies
CHKP
$12.8B
$53.6M 3.07%
478,300
-23,300
-5% -$2.82M
CHRW icon
6
C.H. Robinson
CHRW
$17.1B
$33.3M 1.91%
346,000
-189,800
-35% -$20.4M
BRK.B icon
7
Berkshire Hathaway Class B
BRK.B
$1.13T
$32.9M 1.89%
123,340
-68,200
-36% -$19.4M
DIS icon
8
Walt Disney
DIS
$181B
$27.5M 1.58%
291,600
-132,800
-31% -$14.2M
BIIB icon
9
Biogen
BIIB
$30.5B
$25.8M 1.48%
96,500
-73,000
-43% -$15.5M
RTX icon
10
RTX Corp
RTX
$301B
$24.7M 1.42%
302,300
-170,600
-36% -$15.4M
WBA
11
DELISTED
Walgreens Boots Alliance
WBA
$23.2M 1.33%
739,350
-389,300
-34% -$14.4M
TROW icon
12
T. Rowe Price
TROW
$24.2B
$22.8M 1.31%
216,862
-120,038
-36% -$14.3M
CFR icon
13
Cullen/Frost Bankers
CFR
$10.2B
$22.6M 1.29%
170,707
-87,700
-34% -$11.5M
MKL icon
14
Markel Group
MKL
$23.2B
$21.7M 1.25%
20,055
-8,610
-30% -$10.5M
HSIC icon
15
Henry Schein
HSIC
$9.83B
$20.7M 1.18%
314,142
-112,000
-26% -$8.32M
MMM icon
16
3M
MMM
$93.2B
$20.1M 1.15%
217,405
-138,764
-39% -$15.2M
BWA icon
17
BorgWarner
BWA
$13.4B
$19.4M 1.11%
703,070
-313,536
-31% -$10.1M
XOM icon
18
ExxonMobil
XOM
$642B
$18.9M 1.08%
216,600
-119,700
-36% -$10.9M
MSM icon
19
MSC Industrial Direct
MSM
$6.92B
$16.5M 0.95%
227,210
-128,200
-36% -$10.1M
IPGP icon
20
IPG Photonics
IPGP
$3.69B
$16M 0.92%
189,622
-93,000
-33% -$8.83M
INTC icon
21
Intel
INTC
$503B
$15.5M 0.89%
603,240
-292,800
-33% -$9.98M
WFC icon
22
Wells Fargo
WFC
$265B
$14.4M 0.82%
357,560
-260,500
-42% -$11.2M
DCI icon
23
Donaldson
DCI
$11.4B
$13.4M 0.77%
274,201
-123,900
-31% -$6.47M
EXP icon
24
Eagle Materials
EXP
$6.48B
$12.6M 0.72%
117,100
-68,100
-37% -$8.15M
JNJ icon
25
Johnson & Johnson
JNJ
$619B
$12M 0.69%
73,700
-32,900
-31% -$5.57M
1
2

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Sprucegrove Investment Management's Q3 2022 Portfolio in Review

As of Q3 2022, Sprucegrove Investment Management held 37 positions worth $1.74B, down 13% from $2.01B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Sprucegrove Investment Management withdrew a net $234M in Q3 2022, closing 2 positions and reducing 31 holdings. Its most notable exit was Carnival Corporation Ltd, an estimated $4.86M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 28% of assets, up from 26% a quarter earlier, followed by Financials and Consumer Staples.

Against the trend, Sprucegrove Investment Management added an estimated $60.3M to Ryanair.

  • Sprucegrove Investment Management added most to Ryanair in Q3 2022, an estimated $60.3M increase.
  • Sprucegrove Investment Management's biggest Q3 2022 reduction was C.H. Robinson, cutting an estimated $20.4M.
  • Sprucegrove Investment Management fully exited Carnival Corporation Ltd in Q3 2022, selling an estimated $4.86M.
  • Sprucegrove Investment Management's ten largest holdings make up 78% of its $1.74B portfolio in Q3 2022.
  • Sprucegrove Investment Management opened 1 new position and closed 2 in Q3 2022.
  • Sprucegrove Investment Management's portfolio value fell 13% quarter-over-quarter to $1.74B.

Based on Sprucegrove Investment Management's 13F filing for Q3 2022, filed 9 Nov 2022.