0000950123-14-008998.txt : 20140814 0000950123-14-008998.hdr.sgml : 20140814 20140814144720 ACCESSION NUMBER: 0000950123-14-008998 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140630 FILED AS OF DATE: 20140814 DATE AS OF CHANGE: 20140814 EFFECTIVENESS DATE: 20140814 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: 141041892 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 06-30-2014 06-30-2014 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 08-14-2014 1 98 5892179 false 1 28-11838 LEITH WHEELER INVESTMENT COUNSEL LTD. INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M COMPANY COMMON 88579Y101 67449 470880 SH DFND 0 0 470880 3M COMPANY COMMON 88579Y101 144701 1010200 SH SOLE 864900 0 145300 ALTERA CORP COMMON 021441100 22618 650700 SH DFND 0 0 650700 ALTERA CORP COMMON 021441100 36376 1046493 SH SOLE 905993 0 140500 AMERICAN EXPRESS CO COMMON 025816109 9354 98600 SH DFND 0 0 98600 AMERICAN EXPRESS CO COMMON 025816109 24410 257300 SH SOLE 218900 0 38400 APACHE CORP COMMON 037411105 88949 884011 SH DFND 0 0 884011 APACHE CORP COMMON 037411105 144359 1434690 SH SOLE 1240290 0 194400 AUSTRAL&NEW ZEAL BKG BKG SP ADR (1 ORD) 052528304 8848 281350 SH SOLE 281350 0 0 BANCO BRADESCO S A ADR (1 PFD) 059460303 160571 11058600 SH SOLE 9159900 0 1898700 BECTON DICKINSON COMMON 075887109 39570 334490 SH DFND 0 0 334490 BECTON DICKINSON COMMON 075887109 83520 706000 SH SOLE 637100 0 68900 BEMIS INC COMMON 081437105 18165 446743 SH DFND 0 0 446743 BEMIS INC COMMON 081437105 31726 780280 SH SOLE 670480 0 109800 BERKSHIRE HATHAWAY CLASS B 084670702 57802 456715 SH DFND 0 0 456715 BERKSHIRE HATHAWAY CLASS B 084670702 131586 1039710 SH SOLE 889030 0 150680 CARLISLE COS INC COMMON 142339100 13487 155700 SH DFND 0 0 155700 CARLISLE COS INC COMMON 142339100 4660 53800 SH SOLE 53800 0 0 CARNIVAL CORP COMMON 143658300 46533 1235945 SH DFND 0 0 1235945 CARNIVAL CORP COMMON 143658300 100398 2666624 SH SOLE 2283618 0 383006 COCA-COLA CO COMMON 191216100 44764 1056740 SH DFND 0 0 1056740 COCA-COLA CO COMMON 191216100 83767 1977500 SH SOLE 1699300 0 278200 COVIDIEN PLC SHARES G2554F113 7025 77900 SH DFND 0 0 77900 COVIDIEN PLC SHARES G2554F113 20309 225200 SH SOLE 191600 0 33600 CULLEN FROST BANKERS COMMON 229899109 16400 206500 SH DFND 0 0 206500 CULLEN FROST BANKERS COMMON 229899109 35493 446900 SH SOLE 385500 0 61400 DENBURY RES INC COMMON 247916208 42116 2281450 SH DFND 0 0 2281450 DENBURY RES INC COMMON 247916208 81220 4399800 SH SOLE 3789800 0 610000 DENTSPLY INTL INC COMMON 249030107 14215 300220 SH DFND 0 0 300220 DENTSPLY INTL INC COMMON 249030107 24555 518589 SH SOLE 447789 0 70800 EMERSON ELEC CO COMMON 291011104 9118 137400 SH SOLE 116800 0 20600 FLIR SYS INC COMMON 302445101 28352 816350 SH DFND 0 0 816350 FLIR SYS INC COMMON 302445101 43701 1258298 SH SOLE 1139698 0 118600 GANNETT INC COMMON 364730101 64563 2062050 SH DFND 0 0 2062050 GANNETT INC COMMON 364730101 100439 3207880 SH SOLE 2792690 0 415190 GENERAL DYNAMICS COMMON 369550108 15373 131900 SH DFND 0 0 131900 GENERAL DYNAMICS COMMON 369550108 35414 303855 SH SOLE 273155 0 30700 GENTEX CORP COMMON 371901109 7447 256000 SH DFND 0 0 256000 GENTEX CORP COMMON 371901109 20930 719500 SH SOLE 614200 0 105300 GOOGLE INC CLASS A 38259P508 10880 18609 SH DFND 0 0 18609 GOOGLE INC CLASS C 38259P706 10713 18623 SH DFND 0 0 18623 GOOGLE INC "A" CLASS A 38259P508 20631 35286 SH SOLE 30163 0 5123 GOOGLE INC "C" CLASS C 38259P706 20299 35286 SH SOLE 30163 0 5123 GRANITE CONSTR INC COMMON 387328107 17180 477500 SH DFND 0 0 477500 GRANITE CONSTR INC COMMON 387328107 30029 834600 SH SOLE 719600 0 115000 HEARTLAND EXPRESS IN COMMON 422347104 15378 720622 SH DFND 0 0 720622 HEARTLAND EXPRESS IN COMMON 422347104 4681 219373 SH SOLE 219373 0 0 INFOSYS LIMITED ADR 456788108 176349 3279695 SH SOLE 2736195 0 543500 INTEL CORP COMMON 458140100 46720 1511965 SH DFND 0 0 1511965 INTEL CORP COMMON 458140100 94102 3045380 SH SOLE 2603860 0 441520 JACOBS ENGR GROUP COMMON 469814107 10342 194100 SH DFND 0 0 194100 JACOBS ENGR GROUP COMMON 469814107 23115 433839 SH SOLE 392039 0 41800 JOHNSON & JOHNSON COMMON 478160104 59367 567453 SH DFND 0 0 567453 JOHNSON & JOHNSON COMMON 478160104 116348 1112100 SH SOLE 1006600 0 105500 LENNAR CORP CLASS B 526057302 4045 113850 SH DFND 0 0 113850 LENNAR CORP CLASS B 526057302 1693 47658 SH SOLE 47658 0 0 MARKEL CORP COMMON 570535104 102383 156158 SH DFND 0 0 156158 MARKEL CORP COMMON 570535104 252417 384993 SH SOLE 328616 0 56377 MDU RES GROUP INC COMMON 552690109 50347 1434400 SH DFND 0 0 1434400 MDU RES GROUP INC COMMON 552690109 98041 2793200 SH SOLE 2393000 0 400200 MERCK & CO INC COMMON 58933Y105 37928 655625 SH DFND 0 0 655625 MERCK & CO INC COMMON 58933Y105 71442 1234950 SH SOLE 1117050 0 117900 MICROSOFT CORP COMMON 594918104 59301 1422086 SH DFND 0 0 1422086 MICROSOFT CORP COMMON 594918104 106539 2554900 SH SOLE 2192400 0 362500 NABORS INDS LTD COMMON G6359F103 25320 862100 SH DFND 0 0 862100 NABORS INDS LTD COMMON G6359F103 57691 1964300 SH SOLE 1682700 0 281600 NATL AUSTRALIA BK SP ADR (1 ORD) 632525408 5274 340666 SH SOLE 340666 0 0 PETROLEO BRASILEIRO ADR (2 ORD) 71654V408 207449 14179688 SH SOLE 11784088 0 2395600 PFIZER INC COMMON 717081103 42509 1432244 SH DFND 0 0 1432244 PFIZER INC COMMON 717081103 101309 3413360 SH SOLE 3079640 0 333720 POSCO ADR (0.25 ORD) 693483109 284323 3819486 SH SOLE 3168566 0 650920 PROCTER & GAMBLE CO COMMON 742718109 57039 725773 SH DFND 0 0 725773 PROCTER & GAMBLE CO COMMON 742718109 117649 1497000 SH SOLE 1286200 0 210800 ROCKWELL COLLINS INC COMMON 774341101 8345 106800 SH DFND 0 0 106800 ROCKWELL COLLINS INC COMMON 774341101 20559 263100 SH SOLE 237700 0 25400 RYANAIR HLDGS SP ADR (5 ORD) 783513104 134127 2403710 SH SOLE 2026010 0 377700 SAMSUNG ELECTRS LTD GDR 144A (0.5 ORD) 796050888 382433 585395 SH SOLE 488597 0 96798 SIGNET JEWELERS LT ORDINARY G81276100 26693 241365 SH SOLE 116036 0 125329 SYSCO CORP COMMON 871829107 47693 1273500 SH DFND 0 0 1273500 SYSCO CORP COMMON 871829107 94610 2526300 SH SOLE 2168200 0 358100 TIDEWATER INC COMMON 886423102 47753 850450 SH DFND 0 0 850450 TIDEWATER INC COMMON 886423102 101706 1811333 SH SOLE 1551867 0 259466 UNITED TECHNOLOGIES COMMON 913017109 15189 131565 SH DFND 0 0 131565 UNITED TECHNOLOGIES COMMON 913017109 40500 350800 SH SOLE 315700 0 35100 VALLEY NATL BANCORP COMMON 919794107 20090 2027200 SH DFND 0 0 2027200 VALLEY NATL BANCORP COMMON 919794107 7102 716700 SH SOLE 716700 0 0 WALGREEN CO COMMON 931422109 36880 497505 SH DFND 0 0 497505 WALGREEN CO COMMON 931422109 80661 1088100 SH SOLE 930200 0 157900 WALT DISNEY CO COMMON 254687106 24890 290300 SH DFND 0 0 290300 WALT DISNEY CO COMMON 254687106 50188 585350 SH SOLE 500050 0 85300 WASHINGTON FEDERAL COMMON 938824109 46226 2060900 SH DFND 0 0 2060900 WASHINGTON FEDERAL COMMON 938824109 103388 4609375 SH SOLE 3942695 0 666680 WELLS FARGO & CO COMMON 949746101 96417 1834421 SH DFND 0 0 1834421 WELLS FARGO & CO COMMON 949746101 197053 3749100 SH SOLE 3208400 0 540700 WESTAMERICA BANCORP COMMON 957090103 9656 184700 SH DFND 0 0 184700 WESTAMERICA BANCORP COMMON 957090103 20698 395900 SH SOLE 339200 0 56700 WORLD FUEL SVCS CORP COMMON 981475106 7512 152600 SH DFND 0 0 152600 WORLD FUEL SVCS CORP COMMON 981475106 2694 54717 SH SOLE 54717 0 0