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Sprucegrove Investment Management Portfolio holdings

AUM $625M
1-Year Est. Return 21.08%
This Fund
S&P 500
This Quarter Est. Return
-2.37%
1 Year Est. Return
+21.08%
3 Year Est. Return
+39.41%
5 Year Est. Return
+47.83%
10 Year Est. Return
+164.39%
AUM
$1.4B
AUM Growth
-$393M
Cap. Flow
-$274M
Cap. Flow %
-19.65%
Top 10 Hldgs %
76.12%
Holding
33
New
1
Increased
2
Reduced
7
Closed
1

Top Buys

Rank Stock Value
1
CPA icon
Copa Holdings
CPA
+$14.2M
2
BF.B icon
Brown-Forman Class B
BF.B
+$11M
3
SNA icon
Snap-on
SNA
+$945K

Top Sells

Rank Stock Value
1
TD icon
Toronto Dominion Bank
TD
+$137M
2
ABEV icon
Ambev
ABEV
+$134M
3
RYAAY icon
Ryanair
RYAAY
+$6.31M
4
CFR icon
Cullen/Frost Bankers
CFR
+$2.99M
5
META icon
Meta Platforms (Facebook)
META
+$2.18M

Sector Composition

Rank Sector Weight
1 Industrials 53.77%
2 Financials 10.97%
3 Healthcare 6.91%
4 Communication Services 4.11%
5 Technology 2.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RYAAY icon
1
Ryanair
RYAAY
$31.4B
$369M 26.4%
8,456,700
-141,401
-2% -$6.31M
CPA icon
2
Copa Holdings
CPA
$5.8B
$293M 21.02%
3,339,587
+150,013
+5% +$14.2M
BRK.B icon
3
Berkshire Hathaway Class B
BRK.B
$1.13T
$34.4M 2.46%
75,830
– –
MKL icon
4
Markel Group
MKL
$23.2B
$31.2M 2.24%
18,090
– –
HSIC icon
5
Henry Schein
HSIC
$9.83B
$28.3M 2.03%
409,441
– –
DIS icon
6
Walt Disney
DIS
$182B
$27M 1.93%
242,189
– –
META icon
7
Meta Platforms (Facebook)
META
$1.5T
$26.2M 1.87%
44,692
-3,706
-8% -$2.18M
TROW icon
8
T. Rowe Price
TROW
$24.2B
$25.6M 1.83%
226,102
– –
GILD icon
9
Gilead Sciences
GILD
$162B
$24.8M 1.78%
268,966
– –
RTX icon
10
RTX Corp
RTX
$301B
$23.1M 1.65%
199,523
– –
QCOM icon
11
Qualcomm
QCOM
$168B
$22.3M 1.6%
145,138
-11,400
-7% -$1.87M
CFR icon
12
Cullen/Frost Bankers
CFR
$10.2B
$22M 1.57%
163,777
-22,800
-12% -$2.99M
WFC icon
13
Wells Fargo
WFC
$265B
$21.6M 1.55%
307,627
– –
DCI icon
14
Donaldson
DCI
$11.4B
$20.7M 1.48%
307,431
– –
BWA icon
15
BorgWarner
BWA
$13.5B
$19.8M 1.42%
622,427
– –
CHRW icon
16
C.H. Robinson
CHRW
$17.1B
$19.4M 1.39%
187,858
– –
AXP icon
17
American Express
AXP
$231B
$18.5M 1.32%
62,197
– –
MSM icon
18
MSC Industrial Direct
MSM
$6.92B
$17.9M 1.28%
240,020
– –
JNJ icon
19
Johnson & Johnson
JNJ
$619B
$15.8M 1.13%
109,135
– –
BIIB icon
20
Biogen
BIIB
$30.5B
$15M 1.07%
97,855
– –
ABEV icon
21
Ambev
ABEV
$46.5B
$14.2M 1.02%
7,677,698
-60,420,955
-89% -$134M
GNTX icon
22
Gentex
GNTX
$4.96B
$14M 1.01%
488,862
– –
INTC icon
23
Intel
INTC
$503B
$12.7M 0.91%
631,244
– –
BDX icon
24
Becton Dickinson
BDX
$48.8B
$12.6M 0.9%
55,609
– –
BF.B icon
25
Brown-Forman Class B
BF.B
$13B
$9.49M 0.68%
+249,800
New +$11M
1
2

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WVUF
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MWP
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DAMU
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TTSTC
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Sprucegrove Investment Management's Q4 2024 Portfolio in Review

As of Q4 2024, Sprucegrove Investment Management held 33 positions worth $1.4B, down 22% from $1.79B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Sprucegrove Investment Management withdrew a net $274M in Q4 2024, closing 1 position and reducing 7 holdings. Its most notable exit was Toronto Dominion Bank, an estimated $137M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 54% of assets, up from 44% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Sprucegrove Investment Management opened a new position in Brown-Forman Class B worth $9.49M.

  • Sprucegrove Investment Management's largest Q4 2024 buy was Brown-Forman Class B: 249,800 shares worth $9.49M.
  • Sprucegrove Investment Management added most to Copa Holdings in Q4 2024, an estimated $14.2M increase.
  • Sprucegrove Investment Management's biggest Q4 2024 reduction was Ambev, cutting an estimated $134M.
  • Sprucegrove Investment Management fully exited Toronto Dominion Bank in Q4 2024, selling an estimated $137M.
  • Sprucegrove Investment Management's ten largest holdings make up 76% of its $1.4B portfolio in Q4 2024.
  • Sprucegrove Investment Management opened 1 new position and closed 1 in Q4 2024.
  • Sprucegrove Investment Management's portfolio value fell 22% quarter-over-quarter to $1.4B.

Based on Sprucegrove Investment Management's 13F filing for Q4 2024, filed 10 Feb 2025.