0000950123-14-002223.txt : 20140213 0000950123-14-002223.hdr.sgml : 20140213 20140213173042 ACCESSION NUMBER: 0000950123-14-002223 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131231 FILED AS OF DATE: 20140213 DATE AS OF CHANGE: 20140213 EFFECTIVENESS DATE: 20140213 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: 14608113 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 12-31-2013 12-31-2013 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 02-11-2014 1 99 5823065 false 1 28-11838 LEITH WHEELER INVESTMENT COUNSEL LTD. INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M COMPANY COMMON 88579Y101 74239 529330 SH DFND 0 0 529330 3M COMPANY COMMON 88579Y101 150488 1073000 SH SOLE 924300 0 148700 ALTERA CORP COMMON 021441100 19828 609900 SH DFND 0 0 609900 ALTERA CORP COMMON 021441100 34565 1063193 SH SOLE 922293 0 140900 AMERICAN EXPRESS CO COMMON 025816109 8946 98600 SH DFND 0 0 98600 AMERICAN EXPRESS CO COMMON 025816109 24651 271700 SH SOLE 232400 0 39300 APACHE CORP COMMON 037411105 69490 808591 SH DFND 0 0 808591 APACHE CORP COMMON 037411105 113938 1325790 SH SOLE 1149890 0 175900 AUSTRAL&NEW ZEAL BKG BKG SP ADR (1 ORD) 052528304 9031 313050 SH SOLE 313050 0 0 BANCO BRADESCO S A ADR (1 PFD) 059460303 93164 7435300 SH SOLE 6198800 0 1236500 BECTON DICKINSON COMMON 075887109 38687 350140 SH DFND 0 0 350140 BECTON DICKINSON COMMON 075887109 82392 745700 SH SOLE 674500 0 71200 BEMIS INC COMMON 081437105 18622 454643 SH DFND 0 0 454643 BEMIS INC COMMON 081437105 33652 821580 SH SOLE 709480 0 112100 BERKSHIRE HATHAWAY CLASS B 084670702 56792 479015 SH DFND 0 0 479015 BERKSHIRE HATHAWAY CLASS B 084670702 129853 1095250 SH SOLE 940980 0 154270 BROWN FORMAN CORP CLASS B 115637209 1330 17599 SH DFND 0 0 17599 BROWN FORMAN CORP CLASS B 115637209 636 8413 SH SOLE 8413 0 0 CARLISLE COS INC COMMON 142339100 12545 158000 SH DFND 0 0 158000 CARLISLE COS INC COMMON 142339100 4272 53800 SH SOLE 53800 0 0 CARNIVAL CORP COMMON 143658300 50714 1262495 SH DFND 0 0 1262495 CARNIVAL CORP COMMON 143658300 111641 2779224 SH SOLE 2387118 0 392106 COCA-COLA CO COMMON 191216100 44364 1073940 SH DFND 0 0 1073940 COCA-COLA CO COMMON 191216100 85846 2078100 SH SOLE 1793200 0 284900 COVIDIEN PLC SHARES G2554F113 5938 87200 SH DFND 0 0 87200 COVIDIEN PLC SHARES G2554F113 16194 237800 SH SOLE 203500 0 34300 CULLEN FROST BANKERS COMMON 229899109 15467 207800 SH DFND 0 0 207800 CULLEN FROST BANKERS COMMON 229899109 34915 469100 SH SOLE 406200 0 62900 DENBURY RES INC COMMON 247916208 32051 1950750 SH DFND 0 0 1950750 DENBURY RES INC COMMON 247916208 69045 4202400 SH SOLE 3619200 0 583200 DENTSPLY INTL INC COMMON 249030107 12527 258400 SH DFND 0 0 258400 DENTSPLY INTL INC COMMON 249030107 25500 525989 SH SOLE 453689 0 72300 EMERSON ELEC CO COMMON 291011104 765 10900 SH DFND 0 0 10900 EMERSON ELEC CO COMMON 291011104 10218 145600 SH SOLE 124500 0 21100 FLIR SYS INC COMMON 302445101 24468 812900 SH DFND 0 0 812900 FLIR SYS INC COMMON 302445101 39892 1325300 SH SOLE 1202700 0 122600 GANNETT INC COMMON 364730101 62590 2115950 SH DFND 0 0 2115950 GANNETT INC COMMON 364730101 99255 3355480 SH SOLE 2930490 0 424990 GENERAL DYNAMICS COMMON 369550108 15804 165400 SH DFND 0 0 165400 GENERAL DYNAMICS COMMON 369550108 37580 393300 SH SOLE 355300 0 38000 GENTEX CORP COMMON 371901109 8529 258600 SH DFND 0 0 258600 GENTEX CORP COMMON 371901109 25002 758100 SH SOLE 650600 0 107500 GOOGLE INC CLASS A 38259P508 20706 18476 SH DFND 0 0 18476 GOOGLE INC CLASS A 38259P508 41484 37016 SH SOLE 31793 0 5223 GRANITE CONSTR INC COMMON 387328107 16829 481100 SH DFND 0 0 481100 GRANITE CONSTR INC COMMON 387328107 30709 877900 SH SOLE 760200 0 117700 HEARTLAND EXPRESS IN COMMON 422347104 15348 782272 SH DFND 0 0 782272 HEARTLAND EXPRESS IN COMMON 422347104 4848 247073 SH SOLE 247073 0 0 INFOSYS LIMITED ADR 456788108 191681 3386595 SH SOLE 2832695 0 553900 INTEL CORP COMMON 458140100 39837 1534865 SH DFND 0 0 1534865 INTEL CORP COMMON 458140100 82910 3194380 SH SOLE 2742260 0 452120 JACOBS ENGR GROUP COMMON 469814107 7408 117600 SH DFND 0 0 117600 JACOBS ENGR GROUP COMMON 469814107 21161 335939 SH SOLE 288139 0 47800 JOHNSON & JOHNSON COMMON 478160104 53635 585603 SH DFND 0 0 585603 JOHNSON & JOHNSON COMMON 478160104 107536 1174100 SH SOLE 1065100 0 109000 LENNAR CORP CLASS B 526057302 3947 117050 SH DFND 0 0 117050 LENNAR CORP CLASS B 526057302 1607 47658 SH SOLE 47658 0 0 MALLINCKRODT PLC SHARES G5785G107 508 9730 SH DFND 0 0 9730 MALLINCKRODT PLC SHARES G5785G107 1594 30509 SH SOLE 25973 0 4536 MARKEL CORP COMMON 570535104 90113 155274 SH DFND 0 0 155274 MARKEL CORP COMMON 570535104 230685 397493 SH SOLE 339716 0 57777 MDU RES GROUP INC COMMON 552690109 54498 1783900 SH DFND 0 0 1783900 MDU RES GROUP INC COMMON 552690109 97784 3200800 SH SOLE 2772400 0 428400 MERCK & CO INC COMMON 58933Y105 46012 919325 SH DFND 0 0 919325 MERCK & CO INC COMMON 58933Y105 103461 2067150 SH SOLE 1869350 0 197800 MICROSOFT CORP COMMON 594918104 65827 1759607 SH DFND 0 0 1759607 MICROSOFT CORP COMMON 594918104 122929 3286000 SH SOLE 2831900 0 454100 NABORS INDS LTD COMMON G6359F103 26516 1560700 SH DFND 0 0 1560700 NABORS INDS LTD COMMON G6359F103 51442 3027800 SH SOLE 2618500 0 409300 NATL AUSTRALIA BK SP ADR (1 ORD) 632525408 5882 189433 SH SOLE 189433 0 0 PETROLEO BRASILEIRO ADR (2 ORD) 71654V408 201724 14638888 SH SOLE 12198188 0 2440700 PFIZER INC COMMON 717081103 46080 1504412 SH DFND 0 0 1504412 PFIZER INC COMMON 717081103 110469 3606560 SH SOLE 3261740 0 344820 POSCO ADR (0.25 ORD) 693483109 279161 3578986 SH SOLE 2981866 0 597120 PROCTER & GAMBLE CO COMMON 742718109 58792 722173 SH DFND 0 0 722173 PROCTER & GAMBLE CO COMMON 742718109 127781 1569600 SH SOLE 1353800 0 215800 ROCKWELL COLLINS INC COMMON 774341101 5470 74000 SH DFND 0 0 74000 ROCKWELL COLLINS INC COMMON 774341101 19034 257500 SH SOLE 231300 0 26200 RYANAIR HLDGS SP ADR (5 ORD) 783513104 171990 3664810 SH SOLE 3093210 0 571600 SAMSUNG ELECTRS LTD GDR 144A (0.5 ORD) 796050888 398452 612984 SH SOLE 514326 0 98658 SIGNET JEWELERS LT ORDINARY G81276100 49596 630185 SH SOLE 342156 0 288029 SYSCO CORP COMMON 871829107 47233 1308400 SH DFND 0 0 1308400 SYSCO CORP COMMON 871829107 95618 2648700 SH SOLE 2282100 0 366600 TIDEWATER INC COMMON 886423102 46512 784750 SH DFND 0 0 784750 TIDEWATER INC COMMON 886423102 100957 1703333 SH SOLE 1466367 0 236966 UNITED TECHNOLOGIES COMMON 913017109 15063 132365 SH DFND 0 0 132365 UNITED TECHNOLOGIES COMMON 913017109 42049 369500 SH SOLE 333200 0 36300 WALGREEN CO COMMON 931422109 41662 725310 SH DFND 0 0 725310 WALGREEN CO COMMON 931422109 88676 1543800 SH SOLE 1328700 0 215100 WALT DISNEY CO COMMON 254687106 22026 288300 SH DFND 0 0 288300 WALT DISNEY CO COMMON 254687106 46990 615050 SH SOLE 527750 0 87300 WASHINGTON FEDERAL COMMON 938824109 49133 2109600 SH DFND 0 0 2109600 WASHINGTON FEDERAL COMMON 938824109 112784 4842575 SH SOLE 4160095 0 682480 WELLS FARGO & CO COMMON 949746101 85633 1886181 SH DFND 0 0 1886181 WELLS FARGO & CO COMMON 949746101 178894 3940400 SH SOLE 3386800 0 553600 WESTAMERICA BANCORP COMMON 957090103 10332 183000 SH DFND 0 0 183000 WESTAMERICA BANCORP COMMON 957090103 23420 414800 SH SOLE 356900 0 57900 WORLD FUEL SVCS CORP COMMON 981475106 3859 89400 SH DFND 0 0 89400 WORLD FUEL SVCS CORP COMMON 981475106 1347 31200 SH SOLE 31200 0 0