SPRUCEGROVE INVESTMENT MANAGEMENT LTD

Est. AUM

$625.0M

13F long equity, this entity only

Positions

Period

Mar 2026 (Q1)

SEC EDGAR

View filings ↗

Mar 2026 (Q1)

#	Issuer	Class	Value	Shares	% Portfolio	Discretion
1	RYANAIR HLDGS PLC	ADR EACH REPR 5 ORD	$222.1M	3843067	35.54%	SOLE
2	COPA HOLDINGS	CLASS A	$193.0M	1699010	30.88%	SOLE
3	SAMSUNG ELECTRONIC	GDR REP 1/2 ORD REGS	$91.8M	32382	14.69%	SOLE
4	DONALDSON INC	COMMON	$6.2M	72604	0.99%	SOLE
5	MARKEL GROUP INC	COMMON	$5.9M	3088	0.95%	SOLE
6	HENRY SCHEIN INC	COM	$5.9M	80127	0.94%	SOLE
7	C H ROBINSON WLDWIDE	COMMON	$5.4M	32612	0.87%	SOLE
8	GILEAD SCIENCES INC	COMMON	$5.3M	37900	0.85%	SOLE
9	SNAP-ON INC	COMMON	$5.3M	14500	0.84%	SOLE
10	JOHNSON & JOHNSON	COMMON	$5.1M	20800	0.81%	SOLE
11	WELLS FARGO & CO	COMMON	$5.0M	62520	0.80%	SOLE
12	EXXON MOBIL CORP	COMMON	$4.8M	28369	0.77%	SOLE
13	ALPHABET INC	CLASS A	$4.7M	16284	0.75%	SOLE
14	WALT DISNEY CO	COM	$4.7M	48541	0.75%	SOLE
15	CULLEN FROST BANKERS	COMMON	$4.5M	32708	0.72%	SOLE
16	BROWN FORMAN CORP	CLASS B	$4.4M	165200	0.70%	SOLE
17	BERKSHIRE HATHAWAY	CLASS B	$4.3M	8996	0.69%	SOLE
18	DOLLAR GEN CORP	COMMON	$4.3M	36029	0.68%	SOLE
19	PRICE T ROWE GROUP	COM	$4.2M	46870	0.68%	SOLE
20	GENTEX CORP	COMMON	$4.1M	188734	0.66%	SOLE
21	QUALCOMM INC	COMMON	$4.0M	31329	0.65%	SOLE
22	AMERICAN EXPRESS CO	COMMON	$3.3M	10953	0.53%	SOLE
23	ACCENTURE PLC	CLASS A	$3.3M	16436	0.52%	SOLE
24	EAGLE MATERIALS	COMMON	$3.2M	16837	0.51%	SOLE
25	STATE BK OF INDIA	GDR(2 INR10 REG S)	$3.1M	29590	0.50%	SOLE
26	TORO CO	COMMON	$2.9M	30810	0.46%	SOLE
27	XPEL INC	COMMON	$2.9M	64800	0.46%	SOLE
28	META PLATFORMS INC	COM USD0.000006 CL A	$2.7M	4705	0.43%	SOLE
29	NIKE INC	CLASS B	$2.7M	50200	0.42%	SOLE
30	BECTON DICKINSON	COMMON	$2.5M	15600	0.39%	SOLE
31	MICROSOFT CORP	COMMON	$1.5M	4160	0.25%	SOLE
32	WATERS CORP	COMMON	$656K	2204	0.10%	SOLE
33	LITTELFUSE INC	COM USD0.01	$238K	700	0.04%	SOLE
34	BOK FINL CORP	COMMON	$179K	1400	0.03%	SOLE
35	COGNEX CORP	COMMON	$157K	3200	0.03%	SOLE
36	WAFD INC	COMMON	$132K	4200	0.02%	SOLE
37	ACUITY INC	COMMON	$132K	470	0.02%	SOLE
38	MSC INDL DIRECT INC	CLASS A	$129K	1400	0.02%	SOLE
39	LANDSTAR SYS INC	COMMON	$128K	800	0.02%	SOLE
40	AXOS FINANCIAL	COMMON	$119K	1400	0.02%	SOLE
41	SIMPSON MANUFACTURIN	COMMON	$86K	500	0.01%	SOLE
42	GRACO INC	COMMON	$76K	900	0.01%	SOLE

Values in USD (reported in $thousands on 13F). Source: SEC EDGAR.