0000950123-17-000281.txt : 20170119 0000950123-17-000281.hdr.sgml : 20170119 20170119104117 ACCESSION NUMBER: 0000950123-17-000281 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20161231 FILED AS OF DATE: 20170119 DATE AS OF CHANGE: 20170119 EFFECTIVENESS DATE: 20170119 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: 17535039 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 12-31-2016 12-31-2016 SPRUCEGROVE INVESTMENT MANAGEMENT LTD

181 UNIVERSITY AVE STE 1300 TORONTO A6 M5H 3M7

13F HOLDINGS REPORT 028-11833 N KEN CHOI 416-363-5854 x240 KEN CHOI TORONTO A6 12-31-2016 0 59 2044079 false INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M COMPANY COMMON 88579Y101 18884 105750 SH SOLE 80700 0 25050 ALPHABET INC CLASS A CLASS A 02079K305 35098 44291 SH SOLE 33588 0 10703 ALPHABET INC CLASS C CLASS C 02079K107 5782 7491 SH SOLE 7491 0 0 AMERICAN EXPRESS CO COMMON 025816109 33884 457400 SH SOLE 377600 0 79800 APACHE CORP COMMON 037411105 35251 555400 SH SOLE 441200 0 114200 AUSTRAL&NEW ZEAL BKG BKG SP ADR (1 ORD) 052528304 2515 115150 SH SOLE 115150 0 0 BANCO BRADESCO S A ADR (1 PFD) 059460303 183444 21061260 SH SOLE 16597864 0 4463396 BECTON DICKINSON COMMON 075887109 17176 103750 SH SOLE 80000 0 23750 BEMIS INC COMMON 081437105 6904 144380 SH SOLE 99380 0 45000 BERKSHIRE HATHAWAY CLASS B 084670702 50617 310574 SH SOLE 235820 0 74754 BUCKLE INC COMMON 118440106 6145 269500 SH SOLE 214000 0 55500 CARLISLE COS INC COMMON 142339100 24209 219500 SH SOLE 169500 0 50000 CARNIVAL CORP COMMON 143658300 21284 408842 SH SOLE 311942 0 96900 COCA-COLA CO COMMON 191216100 10332 249200 SH SOLE 194100 0 55100 COPA HOLDINGS CLASS A P31076105 104741 1153157 SH SOLE 885757 0 267400 CULLEN FROST BANKERS COMMON 229899109 27087 307000 SH SOLE 243300 0 63700 DENBURY RES INC COMMON 247916208 30322 8239600 SH SOLE 6563100 0 1676500 DENTSPLY SIRONA INC COM USD0.01 24906P109 10108 175089 SH SOLE 122889 0 52200 EAGLE MATERIALS COMMON 26969P108 19992 202900 SH SOLE 162500 0 40400 EMERSON ELEC CO COMMON 291011104 8507 152600 SH SOLE 106200 0 46400 FLIR SYS INC COMMON 302445101 20397 563600 SH SOLE 444200 0 119400 GENERAL DYNAMICS COMMON 369550108 8573 49655 SH SOLE 33855 0 15800 GENTEX CORP COMMON 371901109 25766 1308600 SH SOLE 1057500 0 251100 GRANITE CONSTR INC COMMON 387328107 22 400 SH SOLE 400 0 0 HARLEY DAVIDSON INC COMMON 412822108 9311 159600 SH SOLE 135000 0 24600 HEARTLAND EXPRESS IN COMMON 422347104 2199 108000 SH SOLE 3300 0 104700 INFOSYS LIMITED ADR 456788108 115395 7781180 SH SOLE 6012980 0 1768200 INTEL CORP COMMON 458140100 18829 519140 SH SOLE 379440 0 139700 JACOBS ENGR GROUP COMMON 469814107 32042 562139 SH SOLE 467539 0 94600 JOHNSON & JOHNSON COMMON 478160104 40289 349700 SH SOLE 276000 0 73700 MARKEL CORP COMMON 570535104 91414 101066 SH SOLE 79993 0 21073 MATTEL INC COMMON 577081102 29192 1059600 SH SOLE 835800 0 223800 MDU RES GROUP INC COMMON 552690109 31894 1108600 SH SOLE 882100 0 226500 MEDTRONIC PLC SHS G5960L103 16980 238376 SH SOLE 188734 0 49642 MERCK & CO INC COMMON 58933Y105 11421 194000 SH SOLE 152700 0 41300 MICROSOFT CORP COMMON 594918104 13206 212521 SH SOLE 169000 0 43521 NATL AUSTRALIA BK SP ADR (1 ORD) 632525408 1203 109166 SH SOLE 109166 0 0 OCEANEERING INTL INC COMMON 675232102 23719 840800 SH SOLE 665300 0 175500 PFIZER INC COMMON 717081103 29 900 SH SOLE 900 0 0 POSCO ADR (0.25 ORD) 693483109 193934 3690466 SH SOLE 2917666 0 772800 PRICE T ROWE GRP COMMON 74144T108 7564 100500 SH SOLE 80100 0 20400 PROCTER & GAMBLE CO COMMON 742718109 40005 475800 SH SOLE 364900 0 110900 QUALCOMM INC COMMON 747525103 32861 504000 SH SOLE 398200 0 105800 ROCKWELL COLLINS INC COMMON 774341101 21400 230700 SH SOLE 183500 0 47200 SAMSUNG ELECTRS LTD GDR 144A (0.5 ORD) 796050888 333606 447202 SH SOLE 341672 0 105530 STATE BK OF INDIA GDR(2 INR10 REG S) 856552203 20002 544260 SH SOLE 325360 0 218900 TEGNA INC COMMON 87901J105 12695 593480 SH SOLE 473780 0 119700 TELEDYNE TECH INC COMMON 879360105 9250 75200 SH SOLE 61500 0 13700 TIDEWATER INC COMMON 886423102 8486 2488487 SH SOLE 1980387 0 508100 TIFFANY & CO COMMON 886547108 16686 215500 SH SOLE 175200 0 40300 UNITED TECHNOLOGIES COMMON 913017109 43410 396000 SH SOLE 320900 0 75100 VALLEY NATL BANCORP COMMON 919794107 18489 1588400 SH SOLE 1215000 0 373400 VALMONT INDS INC COMMON 920253101 17373 123300 SH SOLE 103700 0 19600 WALGREENS BOOTS ALNC COMMON 931427108 14475 174900 SH SOLE 138200 0 36700 WALT DISNEY CO COMMON 254687106 8598 82500 SH SOLE 56800 0 25700 WASHINGTON FEDERAL COMMON 938824109 28651 834095 SH SOLE 662495 0 171600 WELLS FARGO & CO COMMON 949746101 54772 993860 SH SOLE 780860 0 213000 WESTAMERICA BANCORP COMMON 957090103 15248 242300 SH SOLE 194200 0 48100 WORLD FUEL SVCS CORP COMMON 981475106 2415 52600 SH SOLE 1400 0 51200