0000950123-18-001194.txt : 20180209 0000950123-18-001194.hdr.sgml : 20180209 20180209093150 ACCESSION NUMBER: 0000950123-18-001194 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20171231 FILED AS OF DATE: 20180209 DATE AS OF CHANGE: 20180209 EFFECTIVENESS DATE: 20180209 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: 18588727 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 12-31-2017 12-31-2017 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 02-05-2018 0 55 1742886 false INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M COMPANY COMMON 88579Y101 11969 50850 SH SOLE 33400 0 17450 ALPHABET INC CLASS A 02079K305 28938 27471 SH SOLE 18368 0 9103 AMERICAN EXPRESS CO COMMON 025816109 19763 199000 SH SOLE 130000 0 69000 APACHE CORP COMMON 037411105 12278 290800 SH SOLE 177600 0 113200 BANCO BRADESCO S A ADR (1 PFD) 059460303 229237 22386410 SH SOLE 17050645 0 5335765 BECTON DICKINSON COMMON 075887109 12041 56250 SH SOLE 33500 0 22750 BEMIS INC COMMON 081437105 2594 54280 SH SOLE 33380 0 20900 BERKSHIRE HATHAWAY CLASS B 084670702 34491 174004 SH SOLE 102340 0 71664 BUCKLE INC COMMON 118440106 9882 416100 SH SOLE 280000 0 136100 CARLISLE COS INC COMMON 142339100 21787 191700 SH SOLE 127800 0 63900 CARNIVAL CORP COMMON 143658300 13788 207742 SH SOLE 136442 0 71300 CARS.COM INC COMMON STOCK 14575E105 4807 166693 SH SOLE 103893 0 62800 COCA-COLA CO COMMON 191216100 5588 121800 SH SOLE 69000 0 52800 COPA HOLDINGS CLASS A P31076105 80752 602357 SH SOLE 451857 0 150500 CULLEN FROST BANKERS COMMON 229899109 15220 160800 SH SOLE 106400 0 54400 DENBURY RES INC COMMON 247916208 9293 4205000 SH SOLE 2528500 0 1676500 DENTSPLY SIRONA INC COM USD0.01 24906P109 7214 109589 SH SOLE 59489 0 50100 EAGLE MATERIALS COMMON 26969P108 12860 113500 SH SOLE 73400 0 40100 EMERSON ELEC CO COMMON 291011104 5854 84000 SH SOLE 39500 0 44500 FLIR SYS INC COMMON 302445101 14741 316200 SH SOLE 201700 0 114500 GENERAL DYNAMICS COMMON 369550108 4121 20255 SH SOLE 12255 0 8000 GENTEX CORP COMMON 371901109 23531 1123200 SH SOLE 785400 0 337800 HARLEY DAVIDSON INC COMMON 412822108 4640 91200 SH SOLE 67400 0 23800 HEARTLAND EXPRESS IN COMMON 422347104 2439 104500 SH SOLE 3300 0 101200 INFOSYS LIMITED ADR 456788108 136050 8387780 SH SOLE 6363780 0 2024000 INTEL CORP COMMON 458140100 20483 443740 SH SOLE 296040 0 147700 JACOBS ENGR GROUP COMMON 469814107 19936 302239 SH SOLE 210739 0 91500 JOHNSON & JOHNSON COMMON 478160104 25471 182300 SH SOLE 119100 0 63200 MARKEL CORP COMMON 570535104 59812 52507 SH SOLE 33134 0 19373 MDU RES GROUP INC COMMON 552690109 14980 557300 SH SOLE 355700 0 201600 MEDTRONIC PLC SHS G5960L103 11323 140222 SH SOLE 92180 0 48042 MERCK & CO INC COMMON 58933Y105 5863 104200 SH SOLE 64600 0 39600 MICROSOFT CORP COMMON 594918104 8008 93621 SH SOLE 60900 0 32721 MSC INDL DIRECT INC CLASS A 553530106 9898 102400 SH SOLE 67500 0 34900 OCEANEERING INTL INC COMMON 675232102 18130 857600 SH SOLE 566700 0 290900 POSCO ADR (0.25 ORD) 693483109 262631 3361466 SH SOLE 2568566 0 792900 PROCTER & GAMBLE CO COMMON 742718109 19175 208700 SH SOLE 135800 0 72900 QUALCOMM INC COMMON 747525103 19308 301600 SH SOLE 200200 0 101400 ROCKWELL COLLINS INC COMMON 774341101 17739 130800 SH SOLE 85200 0 45600 SAMSUNG ELECTRS LTD GDR 144A (0.5 ORD) 796050888 284674 239213 SH SOLE 180283 0 58930 SCHLUMBERGER LTD COMMON 806857108 22037 327000 SH SOLE 217500 0 109500 STATE BK OF INDIA GDR(2 INR10 REG S) 856552203 22181 455458 SH SOLE 207448 0 248010 T ROWE PRICE GRP COMMON 74144T108 21563 205500 SH SOLE 135400 0 70100 TEGNA INC COMMON 87901J105 10320 732980 SH SOLE 484680 0 248300 TELEDYNE TECH INC COMMON 879360105 7952 43900 SH SOLE 30800 0 13100 TIFFANY & CO COMMON 886547108 12141 116800 SH SOLE 78100 0 38700 UNITED TECHNOLOGIES COMMON 913017109 29915 234500 SH SOLE 159400 0 75100 VALLEY NATL BANCORP COMMON 919794107 9429 840400 SH SOLE 482400 0 358000 VALMONT INDS INC COMMON 920253101 10648 64200 SH SOLE 45300 0 18900 WALGREENS BOOTS ALNC COMMON 931427108 12817 176500 SH SOLE 119900 0 56600 WALT DISNEY CO COMMON 254687106 5655 52600 SH SOLE 27900 0 24700 WASHINGTON FEDERAL COMMON 938824109 13744 401295 SH SOLE 236695 0 164600 WELLS FARGO & CO COMMON 949746101 33760 556460 SH SOLE 352260 0 204200 WESTAMERICA BANCORP COMMON 957090103 7944 133400 SH SOLE 87300 0 46100 WORLD FUEL SVCS CORP COMMON 981475106 1469 52200 SH SOLE 1400 0 50800