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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
+17.86%
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
$2.3B
AUM Growth
+$719M
Cap. Flow
+$373M
Cap. Flow %
16.2%
Top 10 Hldgs %
87.03%
Holding
37
New
1
Increased
21
Reduced
15
Closed
–

Top Buys

Rank Stock Value
1
CRH icon
CRH
CRH
+$345M
2
RYAAY icon
Ryanair
RYAAY
+$27.1M
3
TD icon
Toronto Dominion Bank
TD
+$26.7M
4
CPA icon
Copa Holdings
CPA
+$6.43M
5
HSIC icon
Henry Schein
HSIC
+$1.92M

Top Sells

Rank Stock Value
1
BBD icon
Banco Bradesco
BBD
+$12.3M
2
ABEV icon
Ambev
ABEV
+$11M
3
XOM icon
ExxonMobil
XOM
+$1.55M
4
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$211K
5
META icon
Meta Platforms (Facebook)
META
+$130K

Sector Composition

Rank Sector Weight
1 Industrials 30.54%
2 Financials 18.76%
3 Materials 17.69%
4 Consumer Staples 8.76%
5 Healthcare 2.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRH icon
1
CRH
CRH
$65.9B
$396M 17.16%
+5,719,829
New +$345M
RYAAY icon
2
Ryanair
RYAAY
$31.2B
$365M 15.84%
6,844,655
+617,125
+10% +$27.1M
CPA icon
3
Copa Holdings
CPA
$5.8B
$283M 12.28%
2,661,539
+70,300
+3% +$6.43M
BBD icon
4
Banco Bradesco
BBD
$37.5B
$272M 11.81%
77,744,947
-3,927,200
-5% -$12.3M
ABEV icon
5
Ambev
ABEV
$46.7B
$202M 8.76%
72,098,572
-4,065,900
-5% -$11M
TD icon
6
Toronto Dominion Bank
TD
$200B
$65.6M 2.85%
1,015,700
+446,000
+78% +$26.7M
BRK.B icon
7
Berkshire Hathaway Class B
BRK.B
$1.12T
$25.2M 1.09%
70,613
-600
-0.8% -$211K
META icon
8
Meta Platforms (Facebook)
META
$1.5T
$21.3M 0.93%
60,316
-400
-0.7% -$130K
INTC icon
9
Intel
INTC
$501B
$19M 0.82%
378,244
+5,400
+1% +$219K
DIS icon
10
Walt Disney
DIS
$180B
$18.5M 0.8%
204,989
+5,600
+3% +$494K
MKL icon
11
Markel Group
MKL
$23.2B
$17M 0.74%
11,966
+80
+0.7% +$113K
CFR icon
12
Cullen/Frost Bankers
CFR
$10.2B
$16.7M 0.72%
153,877
+3,100
+2% +$301K
HSIC icon
13
Henry Schein
HSIC
$9.84B
$16.7M 0.72%
220,491
+27,500
+14% +$1.92M
BIIB icon
14
Biogen
BIIB
$30.6B
$16.2M 0.7%
62,755
+800
+1% +$196K
TROW icon
15
T. Rowe Price
TROW
$24.3B
$16.2M 0.7%
150,502
+3,124
+2% +$311K
CHRW icon
16
C.H. Robinson
CHRW
$17B
$15.9M 0.69%
184,508
-1,200
-0.6% -$101K
MSM icon
17
MSC Industrial Direct
MSM
$6.9B
$15.5M 0.67%
152,820
+3,200
+2% +$317K
RTX icon
18
RTX Corp
RTX
$298B
$14.9M 0.65%
177,523
+3,700
+2% +$293K
BWA icon
19
BorgWarner
BWA
$13.9B
$13.8M 0.6%
385,827
+20,200
+6% +$721K
IPGP icon
20
IPG Photonics
IPGP
$3.77B
$12M 0.52%
110,704
-700
-0.6% -$67.8K
AXP icon
21
American Express
AXP
$232B
$10.5M 0.45%
55,897
+5,800
+12% +$934K
WBA
22
DELISTED
Walgreens Boots Alliance
WBA
$10.4M 0.45%
398,958
+5,300
+1% +$118K
DCI icon
23
Donaldson
DCI
$11.5B
$9.48M 0.41%
145,131
+2,100
+1% +$128K
WFC icon
24
Wells Fargo
WFC
$262B
$9.03M 0.39%
183,527
-1,400
-0.8% -$60.4K
JNJ icon
25
Johnson & Johnson
JNJ
$621B
$8.55M 0.37%
54,535
+1,300
+2% +$199K
1
2

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Sprucegrove Investment Management's Q4 2023 Portfolio in Review

As of Q4 2023, Sprucegrove Investment Management held 37 positions worth $2.3B, up 45% from $1.59B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Sprucegrove Investment Management deployed $373M of net new capital in Q4 2023, opening 1 new position and adding to 21 existing holdings. Its largest new stake was CRH: 5,719,829 shares worth $396M.

By sector, the portfolio is most concentrated in Industrials at 31% of assets, down from 33% a quarter earlier, followed by Financials and Materials.

On the sell side, the largest reduction was Banco Bradesco, an estimated $12.3M trimmed.

  • Sprucegrove Investment Management's largest Q4 2023 buy was CRH: 5,719,829 shares worth $396M.
  • Sprucegrove Investment Management added most to Ryanair in Q4 2023, an estimated $27.1M increase.
  • Sprucegrove Investment Management's biggest Q4 2023 reduction was Banco Bradesco, cutting an estimated $12.3M.
  • Sprucegrove Investment Management's ten largest holdings make up 87% of its $2.3B portfolio in Q4 2023.
  • Sprucegrove Investment Management opened 1 new position and closed 0 in Q4 2023.
  • Sprucegrove Investment Management's portfolio value rose 45% quarter-over-quarter to $2.3B.

Based on Sprucegrove Investment Management's 13F filing for Q4 2023, filed 29 Jan 2024.