2026 Q2 Portfolio Activity
In 2026 Q2, SPRUCEGROVE INVESTMENT MANAGEMENT LTD maintained a portfolio of 42 distinct positions. The fund also reduced its exposure to C H ROBINSON WLDWIDE by 66.5%.
Position History
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Total Positions
42
Quarter
2026 Q2
Top Holding
CPA (35.3%)
Top 10 Concentration
93.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-42 of 42
SPRUCEGROVE INVESTMENT MANAGEMENT LTD Full Holdings List — 2026 Q2
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
CPA
COPA HOLDINGS
|
Industrials | 35.33% | 30.88% |
#1
1
Prev: #2
|
6.5 |
—
|
-247,418 | -14.6% |
P
S
|
1,451,592 | $225,824,167 | 2016 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
RYAAY
RYANAIR HLDGS P...
|
Industrials | 34.65% | 35.54% |
#2
1
Prev: #1
|
6.0 |
—
|
-423,350 | -11.0% |
P
S
|
3,419,717 | $221,426,676 | 2019 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
SSNHZ
SAMSUNG ELECTRO...
|
Unknown | 19.97% | 14.69% |
#3
Prev: #3
|
5.0 |
—
|
-8,706 | -26.9% |
P
S
|
23,676 | $127,613,640 | 2006 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
DCI
DONALDSON INC
|
Industrials | 0.56% | 0.99% |
#4
Prev: #4
|
0.7 |
—
|
-32,600 | -44.9% |
P
S
|
40,004 | $3,591,159 | 2020 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
HSIC
HENRY SCHEIN IN...
|
Healthcare | 0.53% | 0.94% |
#5
1
Prev: #6
|
0.7 |
—
|
-39,700 | -49.5% |
P
S
|
40,427 | $3,376,463 | 2020 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
MKL
MARKEL GROUP IN...
|
Financial Services | 0.49% | 0.95% |
#6
1
Prev: #5
|
0.2 |
—
|
-1,484 | -48.1% |
P
S
|
1,604 | $3,132,628 | 2005 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
SNA
SNAP-ON INC
|
Industrials | 0.47% | 0.84% |
#7
2
Prev: #9
|
0.2 |
—
|
-7,100 | -49.0% |
P
S
|
7,400 | $2,977,760 | 2024 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
GOOGL
ALPHABET INC
|
Communication Services | 0.44% | 0.75% |
#8
5
Prev: #13
|
0.2 |
—
|
-8,414 | -51.7% |
P
S
|
7,870 | $2,812,502 | 2015 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
EXP
EAGLE MATERIALS
|
Basic Materials | 0.43% | 0.51% |
#9
15
Prev: #24
|
0.2 |
—
|
-4,527 | -26.9% |
P
S
|
12,310 | $2,769,750 | 2007 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
QCOM
QUALCOMM INC
|
Technology | 0.43% | 0.65% |
#10
11
Prev: #21
|
0.2 |
—
|
-16,400 | -52.3% |
P
S
|
14,929 | $2,758,730 | 2015 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
DG
DOLLAR GEN CORP
|
Consumer Defensive | 0.42% | 0.68% |
#11
7
Prev: #18
|
0.2 |
—
|
-12,534 | -34.8% |
P
S
|
23,495 | $2,704,509 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
CFR
CULLEN FROST BA...
|
Financial Services | 0.39% | 0.72% |
#12
3
Prev: #15
|
0.2 |
—
|
-16,400 | -50.1% |
P
S
|
16,308 | $2,519,912 | 2012 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
BRK/B
BERKSHIRE HATHA...
|
Financial Services | 0.39% | 0.69% |
#13
4
Prev: #17
|
0.2 |
—
|
-3,961 | -44.0% |
P
S
|
5,035 | $2,519,464 | 2010 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
GNTX
GENTEX CORP
|
Consumer Cyclical | 0.39% | 0.66% |
#14
6
Prev: #20
|
0.2 |
—
|
-89,400 | -47.4% |
P
S
|
99,334 | $2,510,170 | 2012 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
DIS
WALT DISNEY CO
|
Communication Services | 0.38% | 0.75% |
#15
1
Prev: #14
|
0.2 |
—
|
-23,000 | -47.4% |
P
S
|
25,541 | $2,458,321 | 2005 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
GILD
GILEAD SCIENCES...
|
Healthcare | 0.37% | 0.85% |
#16
8
Prev: #8
|
0.1 |
—
|
-19,000 | -50.1% |
P
S
|
18,900 | $2,387,826 | 2020 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
BF/B
BROWN FORMAN CO...
|
Consumer Defensive | 0.37% | 0.70% |
#17
1
Prev: #16
|
0.1 |
—
|
-76,100 | -46.1% |
P
S
|
89,100 | $2,374,515 | 2008 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
JNJ
JOHNSON & JOHNS...
|
Healthcare | 0.37% | 0.81% |
#18
8
Prev: #10
|
0.1 |
—
|
-11,600 | -55.8% |
P
S
|
9,200 | $2,336,524 | 2005 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
XPEL
XPEL INC
|
Consumer Cyclical | 0.36% | 0.46% |
#19
8
Prev: #27
|
0.1 |
—
|
-18,500 | -28.5% |
P
S
|
46,300 | $2,296,480 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
WFC
WELLS FARGO & C...
|
Financial Services | 0.34% | 0.80% |
#20
9
Prev: #11
|
0.1 |
—
|
-36,043 | -57.7% |
P
S
|
26,477 | $2,188,059 | 2005 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
TROW
PRICE T ROWE GR...
|
Financial Services | 0.33% | 0.68% |
#21
2
Prev: #19
|
0.1 |
—
|
-28,156 | -60.1% |
P
S
|
18,714 | $2,127,595 | 2016 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
XOM
EXXON MOBIL COR...
|
Energy | 0.33% | 0.77% |
#22
10
Prev: #12
|
0.1 |
—
|
-13,100 | -46.2% |
P
S
|
15,269 | $2,087,578 | 2020 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
CHRW
C H ROBINSON WL...
|
Industrials | 0.32% | 0.87% |
#23
16
Prev: #7
|
0.1 |
—
|
-21,700 | -66.5% |
P
S
|
10,912 | $2,055,166 | 2019 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
TTC
TORO CO
|
Industrials | 0.32% | 0.46% |
#24
2
Prev: #26
|
0.1 |
—
|
-10,000 | -32.5% |
P
S
|
20,810 | $2,027,310 | 2025 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
AXP
AMERICAN EXPRES...
|
Financial Services | 0.29% | 0.53% |
#25
3
Prev: #22
|
0.1 |
—
|
-5,511 | -50.3% |
P
S
|
5,442 | $1,840,757 | 2008 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
MSFT
MICROSOFT CORP
|
Technology | 0.22% | 0.25% |
#26
5
Prev: #31
|
0.6 |
—
|
-320 | -7.7% |
P
S
|
3,840 | $1,432,397 | 2005 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
ACN
ACCENTURE PLC
|
Technology | 0.22% | 0.52% |
#27
4
Prev: #23
|
0.1 |
—
|
-5,253 | -32.0% |
P
S
|
11,183 | $1,391,613 | 2025 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
NKE
NIKE INC
|
Consumer Cyclical | 0.22% | 0.42% |
#28
1
Prev: #29
|
0.1 |
—
|
-16,300 | -32.5% |
P
S
|
33,900 | $1,391,595 | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
META
META PLATFORMS ...
|
Communication Services | 0.21% | 0.43% |
#29
1
Prev: #28
|
0.1 |
—
|
-2,354 | -50.0% |
P
S
|
2,351 | $1,324,295 | 2022 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
BDX
BECTON DICKINSO...
|
Healthcare | 0.19% | 0.39% |
#30
Prev: #30
|
0.1 |
—
|
-7,600 | -48.7% |
P
S
|
8,000 | $1,210,640 | 2009 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
LFUS
LITTELFUSE INC
|
Technology | 0.04% | 0.04% |
#31
2
Prev: #33
|
0.5 |
—
|
-130 | -18.6% |
P
S
|
570 | $259,538 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
CGNX
COGNEX CORP
|
Technology | 0.03% | 0.03% |
#32
3
Prev: #35
|
0.5 |
—
|
-400 | -12.5% |
P
S
|
2,800 | $202,776 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
BOKF
BOK FINL CORP
|
Financial Services | 0.03% | 0.03% |
#33
1
Prev: #34
|
1.0 |
—
|
no change | no change |
P
S
|
1,400 | $194,432 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
AYI
ACUITY INC
|
Industrials | 0.03% | 0.02% |
#34
3
Prev: #37
|
1.0 |
—
|
no change | no change |
P
S
|
470 | $177,030 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
MSM
MSC INDL DIRECT...
|
Industrials | 0.03% | 0.02% |
#35
3
Prev: #38
|
1.0 |
—
|
no change | no change |
P
S
|
1,400 | $166,530 | 2017 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
LSTR
LANDSTAR SYS IN...
|
Industrials | 0.03% | 0.02% |
#36
3
Prev: #39
|
1.0 |
—
|
no change | no change |
P
S
|
800 | $165,448 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
WAFD
WAFD INC
|
Financial Services | 0.03% | 0.02% |
#37
1
Prev: #36
|
1.0 |
—
|
no change | no change |
P
S
|
4,200 | $161,154 | 2005 Q4 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
AX
AXOS FINANCIAL
|
Financial Services | 0.02% | 0.02% |
#38
2
Prev: #40
|
1.0 |
—
|
no change | no change |
P
S
|
1,400 | $136,346 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
SSD
SIMPSON MANUFAC...
|
Basic Materials | 0.02% | 0.01% |
#39
2
Prev: #41
|
1.0 |
—
|
no change | no change |
P
S
|
500 | $104,675 | 2007 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
GGG
GRACO INC
|
Industrials | 0.01% | 0.01% |
#40
2
Prev: #42
|
1.0 |
—
|
no change | no change |
P
S
|
900 | $68,049 | 2025 Q2 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
WAT
WATERS CORP
|
Healthcare | 0.00% | 0.11% |
Sold All 😨
(Was: #32) |
0.0 |
—
|
-2,204 | -100.0% |
CLOSED
|
— | $— | 2026 Q1 | 13F Filing | 2026-06-30 | 2026-08-07 | |||
|
SBKFF
STATE BK OF IND...
|
Financial Services | 0.00% | 0.50% |
Sold All 😨
(Was: #25) |
0.0 |
—
|
-29,590 | -100.0% |
CLOSED
|
— | $— | 2015 Q3 | 13F Filing | 2026-06-30 | 2026-08-07 |
Showing 1-42 of 42 holdings