0000950123-16-017708.txt : 20160517 0000950123-16-017708.hdr.sgml : 20160517 20160517171152 ACCESSION NUMBER: 0000950123-16-017708 CONFORMED SUBMISSION TYPE: 13F-HR/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160517 DATE AS OF CHANGE: 20160517 EFFECTIVENESS DATE: 20160517 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 028-11833 FILM NUMBER: 161658447 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/A 1 primary_doc.xml 13F-HR/A LIVE false true false 0001234074 XXXXXXXX 03-31-2016 03-31-2016 true 1 RESTATEMENT 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 05-17-2016 1 107 2482876 false 1 28-11838 LEITH WHEELER INVESTMENT COUNSEL LTD. INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M COMPANY COMMON 88579Y101 5091 30550 SH DFND 0 0 30550 3M COMPANY COMMON 88579Y101 26141 156883 SH SOLE 135083 0 21800 ALPHABET INC CLASS A 02079K305 8165 10703 SH DFND 0 0 10703 ALPHABET INC CLASS A CLASS A 02079K305 36640 48027 SH SOLE 42384 0 5643 ALPHABET INC CLASS C CLASS C 02079K107 10959 14711 SH SOLE 12362 0 2349 AMERICAN EXPRESS CO COMMON 025816109 3838 62500 SH DFND 0 0 62500 AMERICAN EXPRESS CO COMMON 025816109 38200 622150 SH SOLE 538050 0 84100 APACHE CORP COMMON 037411105 10021 205300 SH DFND 0 0 205300 APACHE CORP COMMON 037411105 76875 1574990 SH SOLE 1370790 0 204200 AUSTRAL&NEW ZEAL BKG BKG SP ADR (1 ORD) 052528304 2221 124050 SH SOLE 124050 0 0 BANCO BRADESCO S A ADR (1 PFD) 059460303 135219 18150160 SH SOLE 14943180 0 3206980 BECTON DICKINSON COMMON 075887109 4243 27950 SH DFND 0 0 27950 BECTON DICKINSON COMMON 075887109 23562 155200 SH SOLE 131800 0 23400 BEMIS INC COMMON 081437105 2330 45000 SH DFND 0 0 45000 BEMIS INC COMMON 081437105 9542 184280 SH SOLE 156980 0 27300 BERKSHIRE HATHAWAY CLASS B 084670702 10606 74754 SH DFND 0 0 74754 BERKSHIRE HATHAWAY CLASS B 084670702 61139 430920 SH SOLE 371000 0 59920 CARLISLE COS INC COMMON 142339100 4975 50000 SH DFND 0 0 50000 CARLISLE COS INC COMMON 142339100 24268 243900 SH SOLE 213600 0 30300 CARNIVAL CORP COMMON 143658300 5842 110700 SH DFND 0 0 110700 CARNIVAL CORP COMMON 143658300 27749 525848 SH SOLE 452842 0 73006 COCA-COLA CO COMMON 191216100 4073 87800 SH DFND 0 0 87800 COCA-COLA CO COMMON 191216100 18570 400300 SH SOLE 346700 0 53600 COPA HOLDINGS CLASS A P31076105 46961 693157 SH SOLE 560957 0 132200 CULLEN FROST BANKERS COMMON 229899109 3511 63700 SH DFND 0 0 63700 CULLEN FROST BANKERS COMMON 229899109 20435 370800 SH SOLE 321000 0 49800 DENBURY RES INC COMMON 247916208 4193 1888800 SH DFND 0 0 1888800 DENBURY RES INC COMMON 247916208 28980 13054200 SH SOLE 11285700 0 1768500 DENTSPLY SIRONA INC COM USD0.01 24906P109 3217 52200 SH DFND 0 0 52200 DENTSPLY SIRONA INC COM USD0.01 24906P109 12227 198389 SH SOLE 169789 0 28600 EAGLE MATERIALS COMMON 26969P108 2832 40400 SH DFND 0 0 40400 EAGLE MATERIALS COMMON 26969P108 17871 254900 SH SOLE 220400 0 34500 EMERSON ELEC CO COMMON 291011104 2523 46400 SH DFND 0 0 46400 EMERSON ELEC CO COMMON 291011104 9201 169200 SH SOLE 147200 0 22000 FLIR SYS INC COMMON 302445101 3934 119400 SH DFND 0 0 119400 FLIR SYS INC COMMON 302445101 25348 769298 SH SOLE 668898 0 100400 GENERAL DYNAMICS COMMON 369550108 2076 15800 SH DFND 0 0 15800 GENERAL DYNAMICS COMMON 369550108 6904 52555 SH SOLE 45655 0 6900 GENTEX CORP COMMON 371901109 2846 181400 SH DFND 0 0 181400 GENTEX CORP COMMON 371901109 20753 1322700 SH SOLE 1148600 0 174100 GRANITE CONSTR INC COMMON 387328107 2782 58200 SH DFND 0 0 58200 GRANITE CONSTR INC COMMON 387328107 12729 266300 SH SOLE 220300 0 46000 HARLEY DAVIDSON INC COMMON 412822108 1263 24600 SH DFND 0 0 24600 HARLEY DAVIDSON INC COMMON 412822108 9034 176000 SH SOLE 154100 0 21900 HEARTLAND EXPRESS IN COMMON 422347104 1942 104700 SH DFND 0 0 104700 HEARTLAND EXPRESS IN COMMON 422347104 443 23873 SH SOLE 23873 0 0 INFOSYS LIMITED ADR 456788108 183506 9648080 SH SOLE 7574180 0 2073900 INTEL CORP COMMON 458140100 4519 139700 SH DFND 0 0 139700 INTEL CORP COMMON 458140100 24676 762780 SH SOLE 641160 0 121620 JACOBS ENGR GROUP COMMON 469814107 3445 79100 SH DFND 0 0 79100 JACOBS ENGR GROUP COMMON 469814107 32986 757439 SH SOLE 662639 0 94800 JOHNSON & JOHNSON COMMON 478160104 9608 88800 SH DFND 0 0 88800 JOHNSON & JOHNSON COMMON 478160104 57205 528700 SH SOLE 458500 0 70200 MARKEL CORP COMMON 570535104 15417 17292 SH DFND 0 0 17292 MARKEL CORP COMMON 570535104 132764 148910 SH SOLE 128524 0 20386 MATTEL INC COMMON 577081102 6415 190800 SH DFND 0 0 190800 MATTEL INC COMMON 577081102 45928 1366100 SH SOLE 1200400 0 165700 MDU RES GROUP INC COMMON 552690109 7128 366300 SH DFND 0 0 366300 MDU RES GROUP INC COMMON 552690109 54694 2810600 SH SOLE 2444500 0 366100 MEDTRONIC PLC SHS G5960L103 2966 39542 SH DFND 0 0 39542 MEDTRONIC PLC SHS G5960L103 12279 163725 SH SOLE 143203 0 20522 MERCK & CO INC COMMON 58933Y105 3354 63400 SH DFND 0 0 63400 MERCK & CO INC COMMON 58933Y105 18852 356300 SH SOLE 305900 0 50400 MICROSOFT CORP COMMON 594918104 1851 33521 SH DFND 0 0 33521 MICROSOFT CORP COMMON 594918104 23009 416600 SH SOLE 356900 0 59700 NATL AUSTRALIA BK SP ADR (1 ORD) 632525408 1175 117466 SH SOLE 117466 0 0 OCEANEERING INTL INC COMMON 675232102 2390 71900 SH DFND 0 0 71900 OCEANEERING INTL INC COMMON 675232102 18136 545600 SH SOLE 471800 0 73800 PFIZER INC COMMON 717081103 2306 77800 SH DFND 0 0 77800 PFIZER INC COMMON 717081103 13386 451610 SH SOLE 385590 0 66020 POSCO ADR (0.25 ORD) 693483109 198852 4201386 SH SOLE 3417266 0 784120 PROCTER & GAMBLE CO COMMON 742718109 10067 122300 SH DFND 0 0 122300 PROCTER & GAMBLE CO COMMON 742718109 58111 706000 SH SOLE 613000 0 93000 QUALCOMM INC COMMON 747525103 4720 92300 SH DFND 0 0 92300 QUALCOMM INC COMMON 747525103 34172 668200 SH SOLE 580800 0 87400 ROCKWELL COLLINS INC COMMON 774341101 2185 23700 SH DFND 0 0 23700 ROCKWELL COLLINS INC COMMON 774341101 13500 146400 SH SOLE 127700 0 18700 SAMSUNG ELECTRS LTD GDR 144A (0.5 ORD) 796050888 325058 566672 SH SOLE 457038 0 109634 STATE BK OF INDIA GDR(2 INR10 REG S) 856552203 15861 541330 SH SOLE 332970 0 208360 SYSCO CORP COMMON 871829107 2911 62300 SH DFND 0 0 62300 SYSCO CORP COMMON 871829107 13678 292700 SH SOLE 253100 0 39600 TEGNA INC COMMON 87901J105 4605 196300 SH DFND 0 0 196300 TEGNA INC COMMON 87901J105 14564 620820 SH SOLE 518930 0 101890 TELEDYNE TECH INC COMMON 879360105 555 6300 SH DFND 0 0 6300 TELEDYNE TECH INC COMMON 879360105 7642 86700 SH SOLE 75100 0 11600 TIDEWATER INC COMMON 886423102 2656 388800 SH DFND 0 0 388800 TIDEWATER INC COMMON 886423102 21484 3145553 SH SOLE 2725387 0 420166 TIFFANY & CO COMMON 886547108 609 8300 SH DFND 0 0 8300 TIFFANY & CO COMMON 886547108 7888 107500 SH SOLE 92700 0 14800 UNITED TECHNOLOGIES COMMON 913017109 6967 69600 SH DFND 0 0 69600 UNITED TECHNOLOGIES COMMON 913017109 44745 447000 SH SOLE 389400 0 57600 VALLEY NATL BANCORP COMMON 919794107 3562 373400 SH DFND 0 0 373400 VALLEY NATL BANCORP COMMON 919794107 18600 1949700 SH SOLE 1690300 0 259400 VALMONT INDS INC COMMON 920253101 2427 19600 SH DFND 0 0 19600 VALMONT INDS INC COMMON 920253101 20099 162300 SH SOLE 140900 0 21400 WALGREENS BOOTS ALNC COMMON 931427108 4288 50900 SH DFND 0 0 50900 WALGREENS BOOTS ALNC COMMON 931427108 22012 261300 SH SOLE 216200 0 45100 WALT DISNEY CO COMMON 254687106 2552 25700 SH DFND 0 0 25700 WALT DISNEY CO COMMON 254687106 9802 98700 SH SOLE 85000 0 13700 WASHINGTON FEDERAL COMMON 938824109 5087 224600 SH DFND 0 0 224600 WASHINGTON FEDERAL COMMON 938824109 44276 1954775 SH SOLE 1659695 0 295080 WELLS FARGO & CO COMMON 949746101 10301 213000 SH DFND 0 0 213000 WELLS FARGO & CO COMMON 949746101 56869 1175950 SH SOLE 1000750 0 175200 WESTAMERICA BANCORP COMMON 957090103 2343 48100 SH DFND 0 0 48100 WESTAMERICA BANCORP COMMON 957090103 16527 339300 SH SOLE 299100 0 40200 WORLD FUEL SVCS CORP COMMON 981475106 2487 51200 SH DFND 0 0 51200 WORLD FUEL SVCS CORP COMMON 981475106 545 11217 SH SOLE 11217 0 0