0000950123-18-004914.txt : 20180511 0000950123-18-004914.hdr.sgml : 20180511 20180511142700 ACCESSION NUMBER: 0000950123-18-004914 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180331 FILED AS OF DATE: 20180511 DATE AS OF CHANGE: 20180511 EFFECTIVENESS DATE: 20180511 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: 18826347 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 03-31-2018 03-31-2018 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 05-09-2018 0 54 1630288 false INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M COMPANY COMMON 88579Y101 10285 46850 SH SOLE 29400 0 17450 ALPHABET INC CLASS A 02079K305 26210 25271 SH SOLE 16168 0 9103 AMERICAN EXPRESS CO COMMON 025816109 18050 193500 SH SOLE 124500 0 69000 APACHE CORP COMMON 037411105 9735 253000 SH SOLE 139800 0 113200 BANCO BRADESCO S A ADR (1 PFD) 059460303 248078 20882002 SH SOLE 15868196 0 5013806 BECTON DICKINSON COMMON 075887109 11474 52950 SH SOLE 30200 0 22750 BERKSHIRE HATHAWAY CLASS B 084670702 31602 158424 SH SOLE 86760 0 71664 BUCKLE INC COMMON 118440106 11257 508200 SH SOLE 337200 0 171000 CARLISLE COS INC COMMON 142339100 19848 190100 SH SOLE 126200 0 63900 CARNIVAL CORP COMMON 143658300 12811 195342 SH SOLE 124042 0 71300 CARS.COM INC COMMON STOCK 14575E105 4085 144193 SH SOLE 81393 0 62800 COCA-COLA CO COMMON 191216100 4625 106500 SH SOLE 53700 0 52800 COPA HOLDINGS CLASS A P31076105 66316 515557 SH SOLE 386657 0 128900 CULLEN FROST BANKERS COMMON 229899109 16908 159400 SH SOLE 105000 0 54400 DENBURY RES INC COMMON 247916208 10130 3697200 SH SOLE 2020700 0 1676500 DENTSPLY SIRONA INC COM USD0.01 24906P109 5448 108289 SH SOLE 58189 0 50100 EAGLE MATERIALS COMMON 26969P108 11583 112400 SH SOLE 72300 0 40100 EMERSON ELEC CO COMMON 291011104 5109 74800 SH SOLE 30300 0 44500 FLIR SYS INC COMMON 302445101 14878 297500 SH SOLE 183000 0 114500 GENERAL DYNAMICS COMMON 369550108 3834 17355 SH SOLE 9355 0 8000 GENTEX CORP COMMON 371901109 25686 1115800 SH SOLE 778000 0 337800 HARLEY DAVIDSON INC COMMON 412822108 3876 90400 SH SOLE 66600 0 23800 HEARTLAND EXPRESS IN COMMON 422347104 1821 101200 SH SOLE 0 0 101200 INFOSYS LIMITED ADR 456788108 135447 7588080 SH SOLE 5738880 0 1849200 INTEL CORP COMMON 458140100 24959 479240 SH SOLE 315640 0 163600 JACOBS ENGR GROUP COMMON 469814107 15358 259639 SH SOLE 168139 0 91500 JOHNSON & JOHNSON COMMON 478160104 23105 180300 SH SOLE 117100 0 63200 MARKEL CORP COMMON 570535104 53571 45777 SH SOLE 27964 0 17813 MDU RES GROUP INC COMMON 552690109 13855 492000 SH SOLE 290400 0 201600 MEDTRONIC PLC SHS G5960L103 11144 138922 SH SOLE 90880 0 48042 MERCK & CO INC COMMON 58933Y105 2789 51200 SH SOLE 33100 0 18100 MICROSOFT CORP COMMON 594918104 7541 82621 SH SOLE 49900 0 32721 MSC INDL DIRECT INC CLASS A 553530106 9354 102000 SH SOLE 67100 0 34900 OCEANEERING INTL INC COMMON 675232102 15794 851900 SH SOLE 561000 0 290900 POSCO ADR (0.25 ORD) 693483109 233244 2958066 SH SOLE 2254366 0 703700 PROCTER & GAMBLE CO COMMON 742718109 15539 196000 SH SOLE 123100 0 72900 QUALCOMM INC COMMON 747525103 16579 299200 SH SOLE 197800 0 101400 ROCKWELL COLLINS INC COMMON 774341101 7161 53100 SH SOLE 33700 0 19400 SAMSUNG ELECTRS LTD GDR 144A (0.5 ORD) 796050888 255316 221975 SH SOLE 167746 0 54229 SCHLUMBERGER LTD COMMON 806857108 24007 370600 SH SOLE 241600 0 129000 STATE BK OF INDIA GDR(2 INR10 REG S) 856552203 22462 581910 SH SOLE 327090 0 254820 T ROWE PRICE GRP COMMON 74144T108 22069 204400 SH SOLE 134300 0 70100 TEGNA INC COMMON 87901J105 8287 727580 SH SOLE 479280 0 248300 TELEDYNE TECH INC COMMON 879360105 8161 43600 SH SOLE 30500 0 13100 TIFFANY & CO COMMON 886547108 11338 116100 SH SOLE 77400 0 38700 UNITED TECHNOLOGIES COMMON 913017109 29253 232500 SH SOLE 157400 0 75100 VALLEY NATL BANCORP COMMON 919794107 9116 731600 SH SOLE 373600 0 358000 VALMONT INDS INC COMMON 920253101 9334 63800 SH SOLE 44900 0 18900 WALGREENS BOOTS ALNC COMMON 931427108 15824 241700 SH SOLE 141200 0 100500 WALT DISNEY CO COMMON 254687106 6097 60700 SH SOLE 36000 0 24700 WASHINGTON FEDERAL COMMON 938824109 12089 349395 SH SOLE 184795 0 164600 WELLS FARGO & CO COMMON 949746101 28918 551760 SH SOLE 347560 0 204200 WESTAMERICA BANCORP COMMON 957090103 7684 132300 SH SOLE 86200 0 46100 WORLD FUEL SVCS CORP COMMON 981475106 1247 50800 SH SOLE 0 0 50800