Latest SPRUCEGROVE INVESTMENT MANAGEMENT LTD Stock Portfolio

$639Million | No. of Holdings #40

SPRUCEGROVE INVESTMENT MANAGEMENT LTD Performance

2026 Q2+27.02%

YTD+20.28%

2025+45.89%

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

On 2026-08-07, the fund reported it's updated stock portfolio. In the 13F Holdings report, SPRUCEGROVE INVESTMENT MANAGEMENT LTD reported an equity portfolio of $639.1 Millions as of 30 Jun, 2026. <br><br> The top stock holdings of SPRUCEGROVE INVESTMENT MANAGEMENT LTD are CPA, RYAAY, . The fund has invested 35.3% of it's portfolio in COPA HOLDINGS and 34.6% of portfolio in RYANAIR HLDGS PLC. <br><br> The fund managers got completely rid off STATE BK OF INDIA and WATERS CORP (WAT) stocks. They significantly reduced their stock positions in C H ROBINSON WLDWIDE (CHRW), PRICE T ROWE GROUP (TROW) and WELLS FARGO & CO (WFC).

SPRUCEGROVE INVESTMENT MANAGEMENT LTD Equity Portfolio Value

Last Reported on: 07 Aug, 2026

$639Million

as of Aug 07, 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 27.02% in the last quarter. In trailing 12 months, it's portfolio return was 48.13%.

Performance
S&P 500

New Buys

No new stocks were added by SPRUCEGROVE INVESTMENT MANAGEMENT LTD

Additions

No additions were made to existing positions by SPRUCEGROVE INVESTMENT MANAGEMENT LTD

Reductions

Ticker	% Reduced
c h robinson wldwide	-66.54
price t rowe group	-60.07
wells fargo & co	-57.65
johnson & johnson	-55.77
qualcomm inc	-52.35
alphabet inc	-51.67
american express co	-50.31
cullen frost bankers	-50.14

SPRUCEGROVE INVESTMENT MANAGEMENT LTD reduced stake in above stock

Sold off

Ticker	$ Sold
state bk of india	-3,130,620
waters corp	-656,351

SPRUCEGROVE INVESTMENT MANAGEMENT LTD got rid off the above stocks

Sector Distribution

SPRUCEGROVE INVESTMENT MANAGEMENT LTD has about 90.7% of it's holdings in Others sector.

Others
Financial Services
Industrials
Healthcare

Sector	%
Others	90.7
Financial Services	1.9
Industrials	1.8
Healthcare	1.5

Market Cap. Distribution

SPRUCEGROVE INVESTMENT MANAGEMENT LTD has about 7.1% of it's portfolio invested in the large-cap and mega-cap stocks.

UNALLOCATED
LARGE-CAP
MEGA-CAP
MID-CAP

Category	%
UNALLOCATED	90.7
LARGE-CAP	4.9
MEGA-CAP	2.2
MID-CAP	1.8

Stocks belong to which Index?

About 6.1% 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	93.5
S&P 500	6.1

Top 5 Winners (%)		%
	samsung electronic	78.0 %
CGNX	cognex corp	44.8 %
AYI	acuity inc	34.4 %
CPA	copa holdings	34.2 %
QCOM	qualcomm inc	32.1 %

Top 5 Winners ($)		$
	samsung electronic	71.6 M
CPA	copa holdings	66.1 M
RYAAY	ryanair hldgs plc	25.2 M
QCOM	qualcomm inc	1.3 M
GOOG	alphabet inc	0.8 M

Top 5 Losers (%)		%
ACN	accenture plc	-31.3 %
NKE	nike inc	-18.7 %
XOM	exxon mobil corp	-14.9 %
GGG	graco inc	-10.7 %
GILD	gilead sciences inc	-7.0 %

Top 5 Losers ($)		$
ACN	accenture plc	-1.0 M
XOM	exxon mobil corp	-0.7 M
NKE	nike inc	-0.5 M
GILD	gilead sciences inc	-0.4 M
DG	dollar gen corp	-0.1 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 40 stocks in it's portfolio. About 93.3% of the portfolio is in top 10 stocks. ACN proved to be the most loss making stock for the portfolio. was the most profitable stock for SPRUCEGROVE INVESTMENT MANAGEMENT LTD last quarter.

$639.10MTotal Value

42.00Positions

07 Aug, 2026Last Reported

Current holdings of Current Stock Holdings of SPRUCEGROVE INVESTMENT MANAGEMENT LTD, last reported on 07 Aug, 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	0.22%	11,183	$1.39M 0.22%	decreased 31.96 percentreduced

AX Axos Financial Axos FinancialAX SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Axos Financial over time	0.02%	1,400	$136.3K 0.02%	unchanged 0 percentunchanged

AXP American Express Co American Express CoAXP SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in American Express Co over time	0.29%	5,442	$1.84M 0.29%	decreased 50.31 percentreduced

AYI Acuity Inc Acuity IncAYI SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Acuity Inc over time	0.03%	470	$177.0K 0.03%	unchanged 0 percentunchanged

BDX Becton Dickinson Becton DickinsonBDX SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Becton Dickinson over time	0.19%	8,000	$1.21M 0.19%	decreased 48.72 percentreduced

BOKF Bok Finl Corp Bok Finl CorpBOKF SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Bok Finl Corp over time	0.03%	1,400	$194.4K 0.03%	unchanged 0 percentunchanged

CFR Cullen Frost Bankers Cullen Frost BankersCFR SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Cullen Frost Bankers over time	0.39%	16,308	$2.52M 0.39%	decreased 50.14 percentreduced

CGNX Cognex Corp Cognex CorpCGNX SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Cognex Corp over time	0.03%	2,800	$202.8K 0.03%	decreased 12.5 percentreduced

CHRW C H Robinson Wldwide C H Robinson WldwideCHRW SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in C H Robinson Wldwide over time	0.32%	10,912	$2.06M 0.32%	decreased 66.54 percentreduced

CPA Copa Holdings Copa Holdings CPA SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Copa Holdings over time	35.33%	1,451,590	$225.82M 35.33%	decreased 14.56 percentreduced

DCI Donaldson Inc Donaldson IncDCI SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Donaldson Inc over time	0.56%	40,004	$3.59M 0.56%	decreased 44.9 percentreduced

DG Dollar Gen Corp Dollar Gen CorpDG SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Dollar Gen Corp over time	0.42%	23,495	$2.70M 0.42%	decreased 34.79 percentreduced

DIS Walt Disney Co Walt Disney CoDIS SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Walt Disney Co over time	0.38%	25,541	$2.46M 0.38%	decreased 47.38 percentreduced

EXP Eagle Materials Eagle MaterialsEXP SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Eagle Materials over time	0.43%	12,310	$2.77M 0.43%	decreased 26.89 percentreduced

GGG Graco Inc Graco IncGGG SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Graco Inc over time	0.01%	900	$68.0K 0.01%	unchanged 0 percentunchanged

GILD Gilead Sciences Inc Gilead Sciences IncGILD SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Gilead Sciences Inc over time	0.37%	18,900	$2.39M 0.37%	decreased 50.13 percentreduced

GNTX Gentex Corp Gentex CorpGNTX SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Gentex Corp over time	0.39%	99,334	$2.51M 0.39%	decreased 47.37 percentreduced

GOOG Alphabet Inc Alphabet IncGOOG SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Alphabet Inc over time	0.44%	7,870	$2.81M 0.44%	decreased 51.67 percentreduced

HSIC Henry Schein Inc Henry Schein IncHSIC SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Henry Schein Inc over time	0.53%	40,427	$3.38M 0.53%	decreased 49.55 percentreduced

JNJ Johnson & Johnson Johnson & JohnsonJNJ SPRUCEGROVE INVESTMENT MANAGEMENT LTD's holding in Johnson & Johnson over time	0.37%	9,200	$2.34M 0.37%	decreased 55.77 percentreduced