Latest SPRUCEGROVE INVESTMENT MANAGEMENT LTD Stock Portfolio

SPRUCEGROVE INVESTMENT MANAGEMENT LTD Performance:

2025 Q4: 11.46%YTD: 45.89%2024: -27.57%

Performance for 2025 Q4 is 11.46%, and YTD is 45.89%, and 2024 is -27.57%.

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

On 2026-02-03, the fund reported it's updated stock portfolio. In the 13F Holdings report, SPRUCEGROVE INVESTMENT MANAGEMENT LTD reported an equity portfolio of $829.8 Millions as of 31 Dec, 2025.

The top stock holdings of SPRUCEGROVE INVESTMENT MANAGEMENT LTD are RYAAY, CPA, . The fund has invested 39.5% of it's portfolio in RYANAIR HLDGS PLC and 27.8% of portfolio in COPA HOLDINGS.

The fund managers got completely rid off COMMERCIAL INTL BK and RTX CORPORATION (RTX) stocks. They significantly reduced their stock positions in META PLATFORMS INC (META), ALPHABET INC (GOOG) and BERKSHIRE HATHAWAY. SPRUCEGROVE INVESTMENT MANAGEMENT LTD opened new stock positions in ACCENTURE PLC (ACN). The fund showed a lot of confidence in some stocks as they added substantially to EAGLE MATERIALS (EXP).

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

Our best estimate is that SPRUCEGROVE INVESTMENT MANAGEMENT LTD made a return of 11.46% in the last quarter. In trailing 12 months, it's portfolio return was 45.89%.

Performance
S&P 500

New Buys

Ticker	$ Bought
accenture plc	3,379,780

New stocks bought by SPRUCEGROVE INVESTMENT MANAGEMENT LTD

Additions

Ticker	% Inc.
eagle materials	1,671

Additions to existing portfolio by SPRUCEGROVE INVESTMENT MANAGEMENT LTD

Reductions

Ticker	% Reduced
meta platforms inc	-75.26
alphabet inc	-69.66
berkshire hathaway	-67.51
american express co	-66.98
c h robinson wldwide	-65.14
wells fargo & co	-65.00
markel group inc	-64.93
johnson & johnson	-64.87

SPRUCEGROVE INVESTMENT MANAGEMENT LTD reduced stake in above stock

Sold off

Ticker	$ Sold
commercial intl bk	-38,522,900
rtx corporation	-10,663,900

SPRUCEGROVE INVESTMENT MANAGEMENT LTD got rid off the above stocks

Sector Distribution

SPRUCEGROVE INVESTMENT MANAGEMENT LTD has about 83.7% of it's holdings in Others sector.

Sector	%
Others	83.7
Financial Services	3.9
Industrials	3.7
Healthcare	2.9
Communication Services	2.1
Technology	1.2

Market Cap. Distribution

SPRUCEGROVE INVESTMENT MANAGEMENT LTD has about 11.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	83.7
LARGE-CAP	8.5
MID-CAP	4.5
MEGA-CAP	2.9

Stocks belong to which Index?

About 11.3% of the stocks held by SPRUCEGROVE INVESTMENT MANAGEMENT LTD either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	88.3
S&P 500	11.3

Top 5 Winners (%)		%
XPEL	xpel inc	39.7 %
	samsung electronic	26.1 %
DG	dollar gen corp	23.0 %
GOOG	alphabet inc	18.7 %
RYAAY	ryanair hldgs plc	18.5 %

Top 5 Winners ($)		$
	samsung electronic	59.5 M
RYAAY	ryanair hldgs plc	58.7 M
CPA	copa holdings	3.8 M
GOOG	alphabet inc	3.1 M
CHRW	c h robinson wldwide	2.9 M

Top 5 Losers (%)		%
FMC	fmc corp	-58.8 %
CGNX	cognex corp	-19.2 %
GNTX	gentex corp	-12.1 %
META	meta platforms inc	-6.3 %
EXP	eagle materials	-6.3 %

Top 5 Losers ($)		$
GNTX	gentex corp	-2.1 M
META	meta platforms inc	-1.2 M
MSM	msc indl direct inc	-1.0 M
	brown forman corp	-0.3 M
EXP	eagle materials	-0.2 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 88% of the portfolio is in top 10 stocks. GNTX proved to be the most loss making stock for the portfolio. was the most profitable stock for SPRUCEGROVE INVESTMENT MANAGEMENT LTD last quarter.

Last Reported on: 03 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ACN	accenture plc	0.41	12,597	3,379,780	new

AX	axos financial	0.01	1,400	120,624	unchanged	0.00

AXP	american express co	0.61	13,732	5,080,150	reduced	-66.98

AYI	acuity inc	0.02	470	169,219	unchanged	0.00

BDX	becton dickinson	0.43	18,470	3,584,470	reduced	-64.12

BOKF	bok finl corp	0.02	1,400	165,844	unchanged	0.00

CFR	cullen frost bankers	0.63	41,038	5,196,640	reduced	-63.88

CGNX	cognex corp	0.01	3,200	115,136	reduced	-13.51

CHRW	c h robinson wldwide	1.02	52,882	8,501,310	reduced	-65.14

CPA	copa holdings	27.78	1,911,100	230,497,000	reduced	-16.98

DCI	donaldson inc	0.99	92,664	8,215,590	reduced	-64.19

DG	dollar gen corp	0.65	40,610	5,391,790	reduced	-38.2

DIS	walt disney co	0.78	57,011	6,486,140	reduced	-63.86

EXP	eagle materials	0.31	12,400	2,562,830	added	1,671

FMC	fmc corp	0.00	2,900	40,223	unchanged	0.00

GGG	graco inc	0.01	900	73,773	unchanged	0.00

GILD	gilead sciences inc	0.89	59,870	7,348,440	reduced	-64.23

GNTX	gentex corp	0.62	222,494	5,177,440	reduced	-64.1

GOOG	alphabet inc	0.77	20,344	6,367,670	reduced	-69.66

HSIC	henry schein inc	0.90	99,217	7,498,820	reduced	-64.37