0000950123-15-000696.txt : 20150202 0000950123-15-000696.hdr.sgml : 20150202 20150202125131 ACCESSION NUMBER: 0000950123-15-000696 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150202 DATE AS OF CHANGE: 20150202 EFFECTIVENESS DATE: 20150202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SPRUCEGROVE INVESTMENT MANAGEMENT LTD CENTRAL INDEX KEY: 0001234074 IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11833 FILM NUMBER: 15566010 BUSINESS ADDRESS: STREET 1: 181 UNIVERSITY AVE STREET 2: STE 1300 CITY: TORONTO STATE: A6 ZIP: M5H 3M7 BUSINESS PHONE: 416-363-5854 MAIL ADDRESS: STREET 1: 181 UNIVERSITY AVE STREET 2: STE 1300 CITY: TORONTO STATE: A6 ZIP: M5H 3M7 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001234074 XXXXXXXX 12-31-2014 12-31-2014 SPRUCEGROVE INVESTMENT MANAGEMENT LTD

181 UNIVERSITY AVE STE 1300 TORONTO A6 M5H 3M7

13F HOLDINGS REPORT 028-11833 N MARK WOLFF 416-363-5854 x240 MARK WOLFF TORONTO A6 01-29-2015 1 103 5416354 false 1 28-11838 LEITH WHEELER INVESTMENT COUNSEL LTD. INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M COMPANY COMMON 88579Y101 60602 368805 SH DFND 0 0 368805 3M COMPANY COMMON 88579Y101 138670 843900 SH SOLE 719300 0 124600 ALTERA CORP COMMON 021441100 22467 608200 SH DFND 0 0 608200 ALTERA CORP COMMON 021441100 37764 1022293 SH SOLE 881793 0 140500 AMERICAN EXPRESS CO COMMON 025816109 8262 88800 SH DFND 0 0 88800 AMERICAN EXPRESS CO COMMON 025816109 23093 248200 SH SOLE 209800 0 38400 APACHE CORP COMMON 037411105 58916 940101 SH DFND 0 0 940101 APACHE CORP COMMON 037411105 114034 1819590 SH SOLE 1562390 0 257200 AUSTRAL&NEW ZEAL BKG BKG SP ADR (1 ORD) 052528304 5565 214050 SH SOLE 214050 0 0 BANCO BRADESCO S A ADR (1 PFD) 059460303 147440 11027700 SH SOLE 9129000 0 1898700 BECTON DICKINSON COMMON 075887109 32200 231390 SH DFND 0 0 231390 BECTON DICKINSON COMMON 075887109 73003 524600 SH SOLE 472700 0 51900 BED BATH & BEYOND COMMON 075896100 4776 62700 SH DFND 0 0 62700 BED BATH & BEYOND COMMON 075896100 16521 216900 SH SOLE 183700 0 33200 BEMIS INC COMMON 081437105 19209 424873 SH DFND 0 0 424873 BEMIS INC COMMON 081437105 34359 759980 SH SOLE 650180 0 109800 BERKSHIRE HATHAWAY CLASS B 084670702 64428 429088 SH DFND 0 0 429088 BERKSHIRE HATHAWAY CLASS B 084670702 149365 994770 SH SOLE 844090 0 150680 CARLISLE COS INC COMMON 142339100 13247 146800 SH DFND 0 0 146800 CARLISLE COS INC COMMON 142339100 4855 53800 SH SOLE 53800 0 0 CARNIVAL CORP COMMON 143658300 52476 1157645 SH DFND 0 0 1157645 CARNIVAL CORP COMMON 143658300 119428 2634624 SH SOLE 2251618 0 383006 COCA-COLA CO COMMON 191216100 42091 996950 SH DFND 0 0 996950 COCA-COLA CO COMMON 191216100 81413 1928300 SH SOLE 1650100 0 278200 COVIDIEN PLC SHARES G2554F113 3672 35900 SH DFND 0 0 35900 COVIDIEN PLC SHARES G2554F113 10535 103000 SH SOLE 87500 0 15500 CULLEN FROST BANKERS COMMON 229899109 13782 195100 SH DFND 0 0 195100 CULLEN FROST BANKERS COMMON 229899109 31018 439100 SH SOLE 377700 0 61400 DENBURY RES INC COMMON 247916208 28744 3535550 SH DFND 0 0 3535550 DENBURY RES INC COMMON 247916208 72832 8958400 SH SOLE 7647300 0 1311100 DENTSPLY INTL INC COMMON 249030107 15291 287040 SH DFND 0 0 287040 DENTSPLY INTL INC COMMON 249030107 27194 510489 SH SOLE 439689 0 70800 EMERSON ELEC CO COMMON 291011104 364 5900 SH DFND 0 0 5900 EMERSON ELEC CO COMMON 291011104 8192 132700 SH SOLE 112100 0 20600 FLIR SYS INC COMMON 302445101 24714 764910 SH DFND 0 0 764910 FLIR SYS INC COMMON 302445101 39538 1223698 SH SOLE 1105098 0 118600 GANNETT INC COMMON 364730101 61783 1934950 SH DFND 0 0 1934950 GANNETT INC COMMON 364730101 100052 3133480 SH SOLE 2718290 0 415190 GENERAL DYNAMICS COMMON 369550108 11491 83500 SH DFND 0 0 83500 GENERAL DYNAMICS COMMON 369550108 29926 217455 SH SOLE 195155 0 22300 GENTEX CORP COMMON 371901109 8725 241500 SH DFND 0 0 241500 GENTEX CORP COMMON 371901109 25287 699900 SH SOLE 594600 0 105300 GOOGLE INC CLASS C 38259P706 9524 18093 SH DFND 0 0 18093 GOOGLE INC CLASS A 38259P508 10532 19847 SH DFND 0 0 19847 GOOGLE INC CLASS C 38259P706 18101 34386 SH SOLE 29263 0 5123 GOOGLE INC CLASS A 38259P509 18778 35386 SH SOLE 30263 0 5123 GRANITE CONSTR INC COMMON 387328107 17098 449700 SH DFND 0 0 449700 GRANITE CONSTR INC COMMON 387328107 30925 813400 SH SOLE 698400 0 115000 HEARTLAND EXPRESS IN COMMON 422347104 16136 597392 SH DFND 0 0 597392 HEARTLAND EXPRESS IN COMMON 422347104 4975 184173 SH SOLE 184173 0 0 INFOSYS LIMITED ADR 456788108 199437 6339390 SH SOLE 5256390 0 1083000 INTEL CORP COMMON 458140100 39079 1076845 SH DFND 0 0 1076845 INTEL CORP COMMON 458140100 87683 2416180 SH SOLE 2059160 0 357020 JACOBS ENGR GROUP COMMON 469814107 14600 326700 SH DFND 0 0 326700 JACOBS ENGR GROUP COMMON 469814107 42694 955339 SH SOLE 859439 0 95900 JOHNSON & JOHNSON COMMON 478160104 56227 537696 SH DFND 0 0 537696 JOHNSON & JOHNSON COMMON 478160104 113072 1081300 SH SOLE 975800 0 105500 LENNAR CORP CLASS B 526057302 3848 106550 SH DFND 0 0 106550 LENNAR CORP CLASS B 526057302 1721 47658 SH SOLE 47658 0 0 MARKEL CORP COMMON 570535104 99705 146015 SH DFND 0 0 146015 MARKEL CORP COMMON 570535104 255719 374493 SH SOLE 318616 0 55877 MATTEL INC COMMON 577081102 13888 448800 SH DFND 0 0 448800 MATTEL INC COMMON 577081102 41720 1348200 SH SOLE 1145000 0 203200 MDU RES GROUP INC COMMON 552690109 37855 1610840 SH DFND 0 0 1610840 MDU RES GROUP INC COMMON 552690109 77792 3310300 SH SOLE 2835100 0 475200 MERCK & CO INC COMMON 58933Y105 31665 557585 SH DFND 0 0 557585 MERCK & CO INC COMMON 58933Y105 61790 1088050 SH SOLE 982250 0 105800 MICROSOFT CORP COMMON 594918104 45472 978936 SH DFND 0 0 978936 MICROSOFT CORP COMMON 594918104 90694 1952500 SH SOLE 1687800 0 264700 NABORS INDS LTD COMMON G6359F103 10092 777500 SH DFND 0 0 777500 NABORS INDS LTD COMMON G6359F103 24362 1876863 SH SOLE 1595263 0 281600 NATL AUSTRALIA BK SP ADR (1 ORD) 632525408 3345 245266 SH SOLE 245266 0 0 PETROLEO BRASILEIRO ADR (2 ORD) 71654V408 94374 12927889 SH SOLE 10532289 0 2395600 PFIZER INC COMMON 717081103 42199 1354704 SH DFND 0 0 1354704 PFIZER INC COMMON 717081103 100470 3225360 SH SOLE 2912040 0 313320 POSCO ADR (0.25 ORD) 693483109 238859 3743286 SH SOLE 3092366 0 650920 PROCTER & GAMBLE CO COMMON 742718109 66729 732558 SH DFND 0 0 732558 PROCTER & GAMBLE CO COMMON 742718109 145398 1596200 SH SOLE 1364400 0 231800 ROCKWELL COLLINS INC COMMON 774341101 8330 98600 SH DFND 0 0 98600 ROCKWELL COLLINS INC COMMON 774341101 21973 260100 SH SOLE 234700 0 25400 RYANAIR HLDGS SP ADR (5 ORD) 783513104 87976 1234410 SH SOLE 1029010 0 205400 SAMSUNG ELECTRS LTD GDR 144A (0.5 ORD) 796050888 318331 527345 SH SOLE 434087 0 93258 SIGNET JEWELERS LT ORDINARY G81276100 7109 54032 SH SOLE 0 0 54032 SYSCO CORP COMMON 871829107 40333 1016200 SH DFND 0 0 1016200 SYSCO CORP COMMON 871829107 79491 2002800 SH SOLE 1717600 0 285200 TIDEWATER INC COMMON 886423102 30037 926794 SH DFND 0 0 926794 TIDEWATER INC COMMON 886423102 66503 2051933 SH SOLE 1754867 0 297066 UNITED TECHNOLOGIES COMMON 913017109 25071 218010 SH DFND 0 0 218010 UNITED TECHNOLOGIES COMMON 913017109 63492 552100 SH SOLE 494700 0 57400 VALLEY NATL BANCORP COMMON 919794107 24422 2515100 SH DFND 0 0 2515100 VALLEY NATL BANCORP COMMON 919794107 9253 952900 SH SOLE 952900 0 0 WALGREENS BOOTS ALNC COMMON 931427108 32946 432365 SH DFND 0 0 432365 WALGREENS BOOTS ALNC COMMON 931427108 72459 950900 SH SOLE 812500 0 138400 WALT DISNEY CO COMMON 254687106 16594 176180 SH DFND 0 0 176180 WALT DISNEY CO COMMON 254687106 35354 375350 SH SOLE 320050 0 55300 WASHINGTON FEDERAL COMMON 938824109 45411 2050140 SH DFND 0 0 2050140 WASHINGTON FEDERAL COMMON 938824109 110703 4997875 SH SOLE 4263495 0 734380 WELLS FARGO & CO COMMON 949746101 89823 1638501 SH DFND 0 0 1638501 WELLS FARGO & CO COMMON 949746101 189913 3464300 SH SOLE 2965900 0 498400 WESTAMERICA BANCORP COMMON 957090103 8412 171600 SH DFND 0 0 171600 WESTAMERICA BANCORP COMMON 957090103 19343 394600 SH SOLE 337900 0 56700 WORLD FUEL SVCS CORP COMMON 981475106 6631 141300 SH DFND 0 0 141300 WORLD FUEL SVCS CORP COMMON 981475106 2568 54717 SH SOLE 54717 0 0