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SPRUCEGROVE INVESTMENT MANAGEMENT LTD

Q4 2025 · Filed 2026-02-03
Market Value
$830M
-33.4%
Holdings
42
-1
New Purchases
1
Added To
1
Closed
2
Reduced
29
Top 10 Concentration
88.0%
Turnover
7.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
RYAAY 39.47% 25.49% +13.98% $328M
CPA 27.78% 21.95% +5.83% $230M
SBKFF 1.22% 0.74% +0.48% $10M
ACN 0.41% 0.00% +0.41% $3M
EXP 0.31% 0.01% +0.30% $3M
DG 0.65% 0.55% +0.10% $5M
XPEL 0.39% 0.30% +0.08% $3M
BOKF 0.02% 0.01% +0.01% $166K
AYI 0.02% 0.01% +0.01% $169K
LFUS 0.02% 0.01% +0.01% $177K
WAFD 0.02% 0.01% +0.01% $135K
LSTR 0.01% 0.01% +0.01% $115K
AX 0.01% 0.01% +0.01% $121K
SSD 0.01% 0.01% +0.00% $81K
GGG 0.01% 0.01% +0.00% $74K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SMSN.IL 13.86% 18.26% -4.40% $115M
CBKD.IL 0.00% 3.09% -3.09% $0
META 0.50% 1.50% -1.00% $4M
RTX 0.00% 0.86% -0.86% $0
BRK-B 0.78% 1.60% -0.82% $6M
GNTX 0.62% 1.41% -0.78% $5M
DCI 0.99% 1.70% -0.71% $8M
MKL 0.99% 1.67% -0.68% $8M
DIS 0.78% 1.45% -0.67% $6M
MSM 0.63% 1.29% -0.66% $5M
WFC 0.91% 1.55% -0.65% $8M
SNA 0.71% 1.35% -0.64% $6M
TROW 0.72% 1.34% -0.62% $6M
GILD 0.89% 1.49% -0.61% $7M
CHRW 1.02% 1.61% -0.59% $9M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 10 $161M 19.4%
Large Cap 15 $398M 47.9%
Mid Cap 15 $268M 32.3%
Small Cap 2 $3M 0.4%

Portfolio Analytics

Avg Market Cap
$275.4B
Median Market Cap
$15.8B
Avg P/E
21.4
Median P/E
18.8
Avg Dividend Yield
0.02%
Avg Beta
0.88
# Stocks
42
# ETFs / Funds
0

Top Holdings (42 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 RYAAY 39.47% 4,537,122 $328M $72.19 $10M -736,386 -14.0%
2 CPA 27.78% 1,911,095 $230M $120.61 -$43M -390,789 -17.0%
3 SMSN.IL 13.86% 55,656 $115M $2,066.00 -$112M -96,606 -63.5%
4 SBKFF 1.22% 92,910 $10M $108.80 $880K -970 -1.0%
5 CHRW 1.02% 52,882 $9M $160.76 -$12M -98,800 -65.1%
6 DCI 0.99% 92,664 $8M $88.66 -$13M -166,097 -64.2%
7 MKL 0.99% 3,818 $8M $2,149.65 -$13M -7,070 -64.9%
8 WFC 0.91% 80,847 $8M $93.20 -$12M -150,157 -65.0%
9 HSIC 0.90% 99,217 $7M $75.58 -$11M -179,273 -64.4%
10 GILD 0.89% 59,870 $7M $122.74 -$11M -107,500 -64.2%
11 DIS 0.78% 57,011 $6M $113.77 -$12M -100,759 -63.9%
12 BRK-B 0.78% 12,867 $6M $502.65 -$13M -26,734 -67.5%
13 GOOGL 0.77% 20,344 $6M $313.00 -$10M -46,720 -69.7%
14 QCOM 0.73% 35,489 $6M $171.05 -$10M -62,171 -63.7%
15 TROW 0.72% 58,158 $6M $102.38 -$11M -104,210 -64.2%
16 SNA 0.71% 17,180 $6M $344.60 -$11M -31,400 -64.6%
17 JNJ 0.68% 27,190 $6M $206.95 -$9M -50,200 -64.9%
18 DG 0.65% 40,610 $5M $132.77 -$1M -25,100 -38.2%
19 MSM 0.63% 62,636 $5M $84.10 -$11M -112,074 -64.2%
20 CFR 0.63% 41,038 $5M $126.63 -$9M -72,592 -63.9%
21 GNTX 0.62% 222,494 $5M $23.27 -$12M -397,266 -64.1%
22 AXP 0.61% 13,732 $5M $369.95 -$9M -27,858 -67.0%
23 BF-B 0.61% 193,120 $5M $26.06 -$7M -263,900 -57.7%
24 XOM 0.57% 39,059 $5M $120.34 -$8M -69,831 -64.1%
25 META 0.50% 6,306 $4M $660.09 -$15M -19,183 -75.3%
26 BDX 0.43% 18,470 $4M $194.07 -$6M -33,000 -64.1%
27 ACN 0.41% 12,597 $3M $268.30 +12,597 NEW
28 XPEL 0.39% 64,256 $3M $49.91 -$591K -50,600 -44.1%
29 EXP 0.31% 12,400 $3M $206.68 $2M +11,700 +1671.4%
30 TTC 0.30% 31,810 $3M $78.72 -$3M -35,490 -52.7%
31 LFUS 0.02% 700 $177K $252.92 -$4K
32 AYI 0.02% 470 $169K $360.04 $7K
33 BOKF 0.02% 1,400 $166K $118.46 $10K
34 WAFD 0.02% 4,200 $135K $32.03 $7K
35 AX 0.01% 1,400 $121K $86.16 $2K
36 CGNX 0.01% 3,200 $115K $35.98 -$52K -500 -13.5%
37 LSTR 0.01% 800 $115K $143.70 $17K
38 SSD 0.01% 500 $81K $161.47 -$3K
39 GGG 0.01% 900 $74K $81.97 -$3K
40 FMC —% 2,900 $40K $13.87 -$57K
41 CBKD.IL —% -$39M -19,070,742 -100.0% SOLD
42 RTX —% -$11M -63,730 -100.0% SOLD

New Positions

SymbolValue% Port
ACN $3M 0.41%

Sold Out Positions

SymbolValue% Port
RTX —%
CBKD.IL —%
View SEC EDGAR Filings for SPRUCEGROVE INVESTMENT MANAGEMENT LTD →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms