Latest SPRUCEGROVE INVESTMENT MANAGEMENT LTD Stock Portfolio

$625Million | No. of Holdings #42

SPRUCEGROVE INVESTMENT MANAGEMENT LTD Performance

2026 Q1-5.31%

YTD-5.31%

2025+45.89%

About SPRUCEGROVE INVESTMENT MANAGEMENT LTD and 13F Hedge Fund Stock Holdings

On 2026-05-13, the fund reported it's updated stock portfolio. In the 13F Holdings report, SPRUCEGROVE INVESTMENT MANAGEMENT LTD reported an equity portfolio of $625 Millions as of 31 Mar, 2026. <br><br> The top stock holdings of SPRUCEGROVE INVESTMENT MANAGEMENT LTD are RYAAY, CPA, . The fund has invested 35.5% of it's portfolio in RYANAIR HLDGS PLC and 30.9% of portfolio in COPA HOLDINGS. <br><br> The fund managers got completely rid off FMC CORP (FMC) stocks. They significantly reduced their stock positions in MSC INDL DIRECT INC (MSM), STATE BK OF INDIA and C H ROBINSON WLDWIDE (CHRW). SPRUCEGROVE INVESTMENT MANAGEMENT LTD opened new stock positions in NIKE INC (NKE), MICROSOFT CORP (MSFT) and WATERS CORP (WAT). The fund showed a lot of confidence in some stocks as they added substantially to EAGLE MATERIALS (EXP), ACCENTURE PLC (ACN) and XPEL INC (XPEL).

SPRUCEGROVE INVESTMENT MANAGEMENT LTD Equity Portfolio Value

Last Reported on: 13 May, 2026

$625Million

as of May 13, 2026

SPRUCEGROVE INVESTMENT MANAGEMENT LTD Annual Return Estimates Vs S&P 500

Our best estimate is that SPRUCEGROVE INVESTMENT MANAGEMENT LTD made a return of -5.31% in the last quarter. In trailing 12 months, it's portfolio return was 74.49%.

Performance
S&P 500

New Buys

Ticker	$ Bought
nike inc	2,651,560
microsoft corp	1,539,910
waters corp	656,351

New stocks bought by SPRUCEGROVE INVESTMENT MANAGEMENT LTD

Additions

Ticker	% Inc.
eagle materials	35.78
accenture plc	30.48
xpel inc	0.85

Additions to existing portfolio by SPRUCEGROVE INVESTMENT MANAGEMENT LTD

Reductions

Ticker	% Reduced
msc indl direct inc	-97.76
state bk of india	-68.15
samsung electronic	-41.82
c h robinson wldwide	-38.33
gilead sciences inc	-36.7
berkshire hathaway	-30.08
exxon mobil corp	-27.37
meta platforms inc	-25.39

SPRUCEGROVE INVESTMENT MANAGEMENT LTD reduced stake in above stock

Sold off

Ticker	$ Sold
fmc corp	-40,223

SPRUCEGROVE INVESTMENT MANAGEMENT LTD got rid off the above stocks

Sector Distribution

SPRUCEGROVE INVESTMENT MANAGEMENT LTD has about 83% of it's holdings in Others sector.

Others
Financial Services
Industrials
Healthcare
Communication Services
Technology
Consumer Cyclical

Sector	%
Others	83
Financial Services	3.7
Industrials	3.2
Healthcare	3.1
Communication Services	1.9
Technology	1.5
Consumer Cyclical	1.5

Market Cap. Distribution

SPRUCEGROVE INVESTMENT MANAGEMENT LTD has about 13% of it's portfolio invested in the large-cap and mega-cap stocks.

UNALLOCATED
LARGE-CAP
MEGA-CAP
MID-CAP

Category	%
UNALLOCATED	83
LARGE-CAP	8.7
MEGA-CAP	4.3
MID-CAP	3.5

Stocks belong to which Index?

About 12% of the stocks held by SPRUCEGROVE INVESTMENT MANAGEMENT LTD either belong to S&P 500 or RUSSELL 2000 index.

Others
S&P 500

Index	%
Others	87.5
S&P 500	12

Top 5 Winners (%)		%
CGNX	cognex corp	36.2 %
XOM	exxon mobil corp	35.4 %
LFUS	littelfuse inc	34.2 %
	samsung electronic	29.5 %
TTC	toro co	18.4 %

Top 5 Winners ($)		$
	samsung electronic	33.9 M
XOM	exxon mobil corp	1.7 M
JNJ	johnson & johnson	0.9 M
GILD	gilead sciences inc	0.8 M
TTC	toro co	0.5 M

Top 5 Losers (%)		%
ACN	accenture plc	-23.8 %
QCOM	qualcomm inc	-23.3 %
AYI	acuity inc	-22.2 %
RYAAY	ryanair hldgs plc	-18.4 %
BDX	becton dickinson	-17.5 %

Top 5 Losers ($)		$
RYAAY	ryanair hldgs plc	-60.3 M
CPA	copa holdings	-12.6 M
QCOM	qualcomm inc	-1.4 M
ACN	accenture plc	-1.0 M
WFC	wells fargo & co	-1.0 M

SPRUCEGROVE INVESTMENT MANAGEMENT LTD Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of SPRUCEGROVE INVESTMENT MANAGEMENT LTD

SPRUCEGROVE INVESTMENT MANAGEMENT LTD has 42 stocks in it's portfolio. About 87.4% of the portfolio is in top 10 stocks. RYAAY proved to be the most loss making stock for the portfolio. was the most profitable stock for SPRUCEGROVE INVESTMENT MANAGEMENT LTD last quarter.

$625.00MTotal Value

43.00Positions

13 May, 2026Last Reported

Current holdings of Current Stock Holdings of SPRUCEGROVE INVESTMENT MANAGEMENT LTD, last reported on 13 May, 2026. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
ACN Accenture Plc Accenture PlcACN SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Accenture Plc over time	0.52%	16,436	$3.26M 0.52%	increased 30.48 percentadded

AX Axos Financial Axos FinancialAX SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Axos Financial over time	0.02%	1,400	$119.1K 0.02%	unchanged 0 percentunchanged

AXP American Express Co American Express CoAXP SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in American Express Co over time	0.53%	10,953	$3.31M 0.53%	decreased 20.24 percentreduced

AYI Acuity Inc Acuity IncAYI SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Acuity Inc over time	0.02%	470	$131.7K 0.02%	unchanged 0 percentunchanged

BDX Becton Dickinson Becton DickinsonBDX SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Becton Dickinson over time	0.39%	15,600	$2.45M 0.39%	decreased 15.54 percentreduced

BOKF Bok Finl Corp Bok Finl CorpBOKF SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Bok Finl Corp over time	0.03%	1,400	$179.3K 0.03%	unchanged 0 percentunchanged

CFR Cullen Frost Bankers Cullen Frost BankersCFR SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Cullen Frost Bankers over time	0.72%	32,708	$4.48M 0.72%	decreased 20.3 percentreduced

CGNX Cognex Corp Cognex CorpCGNX SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Cognex Corp over time	0.03%	3,200	$156.8K 0.03%	unchanged 0 percentunchanged

CHRW C H Robinson Wldwide C H Robinson WldwideCHRW SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in C H Robinson Wldwide over time	0.87%	32,612	$5.42M 0.87%	decreased 38.33 percentreduced

CPA Copa Holdings Copa Holdings CPA SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Copa Holdings over time	30.88%	1,699,010	$193.03M 30.88%	decreased 11.1 percentreduced

DCI Donaldson Inc Donaldson IncDCI SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Donaldson Inc over time	0.99%	72,604	$6.16M 0.99%	decreased 21.65 percentreduced

DG Dollar Gen Corp Dollar Gen CorpDG SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Dollar Gen Corp over time	0.68%	36,029	$4.28M 0.68%	decreased 11.28 percentreduced

DIS Walt Disney Co Walt Disney CoDIS SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Walt Disney Co over time	0.75%	48,541	$4.68M 0.75%	decreased 14.86 percentreduced

EXP Eagle Materials Eagle MaterialsEXP SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Eagle Materials over time	0.51%	16,837	$3.19M 0.51%	increased 35.78 percentadded

FMC Fmc Corp Fmc CorpFMC SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Fmc Corp over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

GGG Graco Inc Graco IncGGG SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Graco Inc over time	0.01%	900	$76.2K 0.01%	unchanged 0 percentunchanged

GILD Gilead Sciences Inc Gilead Sciences IncGILD SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Gilead Sciences Inc over time	0.84%	37,900	$5.28M 0.84%	decreased 36.7 percentreduced

GNTX Gentex Corp Gentex CorpGNTX SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Gentex Corp over time	0.66%	188,734	$4.12M 0.66%	decreased 15.17 percentreduced

GOOG Alphabet Inc Alphabet IncGOOG SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Alphabet Inc over time	0.75%	16,284	$4.68M 0.75%	decreased 19.96 percentreduced

HSIC Henry Schein Inc Henry Schein IncHSIC SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Henry Schein Inc over time	0.94%	80,127	$5.91M 0.94%	decreased 19.24 percentreduced