SPRUCEGROVE INVESTMENT MANAGEMENT LTD
13F Reported Value
ⓘ$625.0M
Holdings
42
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
SPRUCEGROVE INVESTMENT MANAGEMENT LTD disclosed 42 positions worth $625.0M in its Form 13F-HR for Q1 2026, led by $RYAAY (RYANAIR HOLDINGS PLC) at 35.5% of the equity portfolio, followed by $CPA. During the quarter the fund opened 3 new positions and exited 1 — including a new stake in $NKE and a full exit from $FMC. The portfolio is most concentrated in Industrials (71.3% of disclosed assets). All figures are sourced directly from SPRUCEGROVE INVESTMENT MANAGEMENT LTD’s Form 13F-HR filing with the SEC under CIK 1234074.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$222.1M3,843,067 sh - —
Quality
$193.0M1,699,010 sh SAMSUNG ELECTRONIC
—Quality
$91.8M32,382 sh- 64.7
Quality
$6.2M72,604 sh - 68.2
Quality
$5.9M3,088 sh - 52.0
Quality
$5.9M80,127 sh - 59.8
Quality
$5.4M32,612 sh - 77.8
Quality
$5.3M37,900 sh - 69.3
Quality
$5.3M14,500 sh - 72.8
Quality
$5.1M20,800 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 RYANAIR HOLDINGS PLC$RYAAY | — | $222.1M | 3,843,067 |
 Copa Holdings, S.A.$CPA | — | $193.0M | 1,699,010 |
| SAMSUNG ELECTRONIC | — | $91.8M | 32,382 |
 DONALDSON Co INC$DCI | 64.7 | $6.2M | 72,604 |
 MARKEL GROUP INC.$MKL | 68.2 | $5.9M | 3,088 |
 HENRY SCHEIN INC$HSIC | 52.0 | $5.9M | 80,127 |
 C. H. ROBINSON WORLDWIDE, INC.$CHRW | 59.8 | $5.4M | 32,612 |
 GILEAD SCIENCES, INC.$GILD | 77.8 | $5.3M | 37,900 |
 Snap-on Inc$SNA | 69.3 | $5.3M | 14,500 |
 JOHNSON & JOHNSON$JNJ | 72.8 | $5.1M | 20,800 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of SPRUCEGROVE INVESTMENT MANAGEMENT LTD's 42 positions.
Showing top 10 of 42 holdings.
Sector Allocation
Industrials
$445.4M
Other
$95.0M
Financials
$27.7M
Healthcare
$18.7M
Technology
$14.1M
Consumer Discretionary
$7.1M
Energy
$4.8M
Communication Services
$4.7M
Full Holdings — SPRUCEGROVE INVESTMENT MANAGEMENT LTD (Q1 2026)
All 42 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $RYAAY | RYANAIR HOLDINGS PLC | $222.1M | 35.5% | -15% | — |
| 2 | $CPA | Copa Holdings, S.A. | $193.0M | 30.9% | -11% | — |
| 3 | — | SAMSUNG ELECTRONIC | $91.8M | 14.7% | -42% | — |
| 4 | $DCI | DONALDSON Co INC | $6.2M | 1.0% | -22% | 64.7 |
| 5 | $MKL | MARKEL GROUP INC. | $5.9M | 0.9% | -19% | 68.2 |
| 6 | $HSIC | HENRY SCHEIN INC | $5.9M | 0.9% | -19% | 52 |
| 7 | $CHRW | C. H. ROBINSON WORLDWIDE, INC. | $5.4M | 0.9% | -38% | 59.8 |
| 8 | $GILD | GILEAD SCIENCES, INC. | $5.3M | 0.8% | -37% | 77.8 |
| 9 | $SNA | Snap-on Inc | $5.3M | 0.8% | -16% | 69.3 |
| 10 | $JNJ | JOHNSON & JOHNSON | $5.1M | 0.8% | -24% | 72.8 |
| 11 |  $WFC | WELLS FARGO & COMPANY/MN | $5.0M | 0.8% | -23% | — |
| 12 |  $XOM | EXXON MOBIL CORP | $4.8M | 0.8% | -27% | 61.8 |
| 13 |  $GOOG | Alphabet Inc. | $4.7M | 0.8% | -20% | 80.2 |
| 14 |  $DIS | Walt Disney Co | $4.7M | 0.8% | -15% | 68.9 |
| 15 |  $CFR | CULLEN/FROST BANKERS, INC. | $4.5M | 0.7% | -20% | 66.5 |
| 16 |  $BF-A | BROWN FORMAN CORP | $4.4M | 0.7% | -14% | 65.1 |
| 17 |  $BRK.B | BERKSHIRE HATHAWAY INC | $4.3M | 0.7% | -30% | 64.5 |
| 18 |  $DG | DOLLAR GENERAL CORP | $4.3M | 0.7% | -11% | 60.4 |
| 19 |  $TROW | PRICE T ROWE GROUP INC | $4.2M | 0.7% | -19% | 75.8 |
| 20 |  $GNTX | GENTEX CORP | $4.1M | 0.7% | -15% | 65.5 |
| 21 |  $QCOM | QUALCOMM INC/DE | $4.0M | 0.7% | -12% | 81.9 |
| 22 |  $AXP | AMERICAN EXPRESS CO | $3.3M | 0.5% | -20% | 73.2 |
| 23 |  $ACN | Accenture plc | $3.3M | 0.5% | +30% | — |
| 24 |  $EXP | EAGLE MATERIALS INC | $3.2M | 0.5% | +36% | 62.7 |
| 25 | — | STATE BK OF INDIA | $3.1M | 0.5% | -68% | — |
| 26 |  $TTC | TORO CO | $2.9M | 0.5% | -3% | 69.5 |
| 27 |  $XPEL | XPEL, Inc. | $2.9M | 0.5% | +1% | 65.3 |
| 28 |  $META | Meta Platforms, Inc. | $2.7M | 0.4% | -25% | 80.9 |
| 29 |  $NKE | NIKE, Inc. | $2.7M | 0.4% | NEW | 53.4 |
| 30 |  $BDX | BECTON DICKINSON & CO | $2.5M | 0.4% | -16% | 50.7 |
| 31 |  $MSFT | MICROSOFT CORP | $1.5M | 0.3% | NEW | 83.7 |
| 32 |  $WAT | WATERS CORP /DE/ | $656,351 | 0.1% | NEW | 69.9 |
| 33 |  $LFUS | LITTELFUSE INC /DE | $237,545 | 0.0% | +0% | 58.7 |
| 34 |  $BOKF | BOK FINANCIAL CORP | $179,284 | 0.0% | +0% | — |
| 35 |  $CGNX | COGNEX CORP | $156,768 | 0.0% | +0% | 63.6 |
| 36 |  $WAFD | WAFD INC | $131,880 | 0.0% | +0% | 55.8 |
| 37 |  $AYI | ACUITY INC. (DE) | $131,703 | 0.0% | +0% | 68.9 |
| 38 |  $MSM | MSC INDUSTRIAL DIRECT CO INC | $129,178 | 0.0% | -98% | 50.8 |
| 39 |  $LSTR | LANDSTAR SYSTEM INC | $128,248 | 0.0% | +0% | 49 |
| 40 |  $AX | Axos Financial, Inc. | $119,126 | 0.0% | +0% | 34.3 |
| 41 |  $SSD | Simpson Manufacturing Co., Inc. | $85,810 | 0.0% | +0% | 62.6 |
| 42 |  $GGG | GRACO INC | $76,185 | 0.0% | +0% | 67.2 |
Exited Positions (1)
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13F Pro is an AI hedge fund tracker and stock research platform. For SPRUCEGROVE INVESTMENT MANAGEMENT LTD (SEC CIK: 1234074), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
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