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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
+6.55%
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
$1.84B
AUM Growth
+$32.4M
Cap. Flow
-$99.6M
Cap. Flow %
-5.42%
Top 10 Hldgs %
82.28%
Holding
35
New
–
Increased
3
Reduced
32
Closed
–

Top Buys

Rank Stock Value
1
BBD icon
Banco Bradesco
BBD
+$12.2M
2
BIIB icon
Biogen
BIIB
+$747K
3
CFR icon
Cullen/Frost Bankers
CFR
+$660K

Top Sells

Rank Stock Value
1
RYAAY icon
Ryanair
RYAAY
+$27.7M
2
CPA icon
Copa Holdings
CPA
+$22.5M
3
ABEV icon
Ambev
ABEV
+$18.4M
4
XOM icon
ExxonMobil
XOM
+$4.57M
5
CHRW icon
C.H. Robinson
CHRW
+$2.64M

Sector Composition

Rank Sector Weight
1 Industrials 33.79%
2 Financials 17.81%
3 Consumer Staples 13.27%
4 Technology 4.83%
5 Healthcare 4.29%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CPA icon
1
Copa Holdings
CPA
$5.8B
$275M 14.97%
2,980,735
-247,600
-8% -$22.5M
RYAAY icon
2
Ryanair
RYAAY
$31.3B
$264M 14.37%
7,007,310
-749,875
-10% -$27.7M
ABEV icon
3
Ambev
ABEV
$46.4B
$244M 13.27%
86,532,060
-7,050,200
-8% -$18.4M
BBD icon
4
Banco Bradesco
BBD
$36.7B
$231M 12.55%
88,109,715
+4,582,300
+5% +$12.2M
CHKP icon
5
Check Point Software Technologies
CHKP
$13.1B
$57.4M 3.12%
441,600
-10,900
-2% -$1.39M
BRK.B icon
6
Berkshire Hathaway Class B
BRK.B
$1.13T
$28.5M 1.55%
92,440
-5,000
-5% -$1.54M
CHRW icon
7
C.H. Robinson
CHRW
$17.5B
$23.8M 1.3%
239,700
-26,800
-10% -$2.64M
DIS icon
8
Walt Disney
DIS
$181B
$22.8M 1.24%
227,800
-6,400
-3% -$645K
BWA icon
9
BorgWarner
BWA
$13.9B
$22.3M 1.21%
514,949
-25,673
-5% -$1.06M
META icon
10
Meta Platforms (Facebook)
META
$1.51T
$19.9M 1.08%
94,100
-800
-0.8% -$136K
BIIB icon
11
Biogen
BIIB
$30.7B
$19.9M 1.08%
71,400
+2,700
+4% +$747K
HSIC icon
12
Henry Schein
HSIC
$9.82B
$19.8M 1.07%
242,400
-13,600
-5% -$1.11M
RTX icon
13
RTX Corp
RTX
$301B
$19.4M 1.05%
197,900
-22,600
-10% -$2.23M
MKL icon
14
Markel Group
MKL
$23.2B
$18.5M 1%
14,454
-390
-3% -$518K
TROW icon
15
T. Rowe Price
TROW
$24.3B
$18.2M 0.99%
161,256
-4,653
-3% -$532K
WBA
16
DELISTED
Walgreens Boots Alliance
WBA
$17.4M 0.94%
501,950
-53,000
-10% -$1.88M
IPGP icon
17
IPG Photonics
IPGP
$3.84B
$16.7M 0.91%
135,700
-5,000
-4% -$579K
INTC icon
18
Intel
INTC
$513B
$14.6M 0.8%
448,140
-4,400
-1% -$125K
MSM icon
19
MSC Industrial Direct
MSM
$6.86B
$14.6M 0.8%
174,200
-6,700
-4% -$555K
MMM icon
20
3M
MMM
$94.3B
$13M 0.71%
147,918
-14,232
-9% -$1.34M
EXP icon
21
Eagle Materials
EXP
$6.57B
$12.4M 0.68%
84,700
-9,300
-10% -$1.32M
CFR icon
22
Cullen/Frost Bankers
CFR
$10.2B
$12.4M 0.67%
117,700
+5,300
+5% +$660K
DCI icon
23
Donaldson
DCI
$11.4B
$11M 0.6%
168,401
-5,000
-3% -$314K
AXP icon
24
American Express
AXP
$230B
$10.3M 0.56%
62,150
-1,350
-2% -$224K
JNJ icon
25
Johnson & Johnson
JNJ
$625B
$9.5M 0.52%
61,300
-1,000
-2% -$161K
1
2

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Sprucegrove Investment Management's Q1 2023 Portfolio in Review

As of Q1 2023, Sprucegrove Investment Management held 35 positions worth $1.84B, up 1.8% from $1.81B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Sprucegrove Investment Management withdrew a net $99.6M in Q1 2023, reducing 32 holdings. Its largest reduction was Ryanair, cutting an estimated $27.7M.

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

Against the trend, Sprucegrove Investment Management added an estimated $12.2M to Banco Bradesco.

  • Sprucegrove Investment Management added most to Banco Bradesco in Q1 2023, an estimated $12.2M increase.
  • Sprucegrove Investment Management's biggest Q1 2023 reduction was Ryanair, cutting an estimated $27.7M.
  • Sprucegrove Investment Management's ten largest holdings make up 82% of its $1.84B portfolio in Q1 2023.
  • Sprucegrove Investment Management opened 0 new positions and closed 0 in Q1 2023.
  • Sprucegrove Investment Management's portfolio value rose 1.8% quarter-over-quarter to $1.84B.

Based on Sprucegrove Investment Management's 13F filing for Q1 2023, filed 10 May 2023.