0001193125-13-029158.txt : 20130130
0001193125-13-029158.hdr.sgml : 20130130
20130130091102
ACCESSION NUMBER: 0001193125-13-029158
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20121231
FILED AS OF DATE: 20130130
DATE AS OF CHANGE: 20130130
EFFECTIVENESS DATE: 20130130
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: 13557279
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
d475830d13fhr.txt
13F-HR
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13 F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2012
Check here if Amendment [_]; Amendment Number:
This Amendment (Check only one.): [_] is a restatement.
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Sprucegrove Investment Management Ltd.
Address: 181 University Avenue, Suite 1300
Toronto, Ontario, Canada
M5H 3M7
Form 13F File Number: 28-11833
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Blake Murphy
Title: Chief Operating Officer
Phone: (416) 363-5854 x222
Signature, Place, and Date of Signing:
/s/ Blake Murphy Toronto, Ontario January 29, 2013
------------------------ --------------------------- ---------------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 98
Form 13F Information Table Value Total: $ 4,956,554.36 (thousands)
List of Other Included Managers:
Leith Wheeler Investment Counsel Ltd.
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings
and list entries.]
No. Form 13F File Number Name
1 28-11838 Leith Wheeler Investment Counsel Ltd.
[Repeat as necessary.]
FORM 13F INFORMATION TABLE
SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- -------------- ----- ----- ----------- --- ---- ---------- -------- ---------- ------ ----------
3M COMPANY COMMON 88579Y101 56,641.29 610,030 DEFINED 610,030
3M COMPANY COMMON 88579Y101 155,932.29 1,679,400 SOLE 1,435,300 244,100
ALTERA CORP COMMON 021441100 4,453.51 129,500 DEFINED 129,500
ALTERA CORP COMMON 021441100 16,992.10 494,100 SOLE 421,200 72,900
AMERICAN EXPRESS CO COMMON 025816109 5,995.16 104,300 DEFINED 104,300
AMERICAN EXPRESS CO COMMON 025816109 21,526.26 374,500 SOLE 319,200 55,300
APACHE CORP COMMON 037411105 47,240.59 601,791 DEFINED 601,791
APACHE CORP COMMON 037411105 97,590.42 1,243,190 SOLE 1,071,690 171,500
AUSTRAL&NEW ZEAL BKG SP ADR
BKG (1 ORD) 052528304 9,150.87 347,150 SOLE 347,150 --
BEAM INC COMMON STOCK 073730103 5,971.55 97,750 DEFINED 97,750
BEAM INC COMMON STOCK 073730103 2,095.39 34,300 SOLE 34,300 --
BECTON DICKINSON COMMON 075887109 33,703.02 431,040 DEFINED 431,040
BECTON DICKINSON COMMON 075887109 83,811.86 1,071,900 SOLE 966,800 105,100
BEMIS INC COMMON 081437105 28,870.73 862,843 DEFINED 862,843
BEMIS INC COMMON 081437105 62,740.18 1,875,080 SOLE 1,616,980 258,100
BERKSHIRE HATHAWAY CLASS B 084670702 45,664.92 509,085 DEFINED 509,085
BERKSHIRE HATHAWAY CLASS B 084670702 108,919.12 1,214,260 SOLE 1,042,020 172,240
BROWN FORMAN CORP CLASS B 115637209 1,245.14 19,686 DEFINED 19,686
BROWN FORMAN CORP CLASS B 115637209 500.50 7,913 SOLE 7,913 --
CARNIVAL CORP COMMON 143658300 41,952.55 1,140,945 DEFINED 1,140,945
CARNIVAL CORP COMMON 143658300 111,539.37 3,033,434 SOLE 2,592,428 441,006
COCA-COLA CO COMMON 191216100 40,919.00 1,128,800 DEFINED 1,128,800
COCA-COLA CO COMMON 191216100 88,460.88 2,440,300 SOLE 2,104,300 336,000
CRANE CO COMMON 224399105 2,651.84 57,300 DEFINED 57,300
CRANE CO COMMON 224399105 13,817.63 298,566 SOLE 251,356 47,210
CULLEN FROST BANKERS COMMON 229899109 9,117.36 168,000 DEFINED 168,000
CULLEN FROST BANKERS COMMON 229899109 27,075.30 498,900 SOLE 426,700 72,200
DENBURY RES INC COMMON 247916208 12,403.53 765,650 DEFINED 765,650
DENBURY RES INC COMMON 247916208 30,890.16 1,906,800 SOLE 1,638,500 268,300
DENTSPLY INTL INC COMMON 249030107 6,361.37 160,600 DEFINED 160,600
DENTSPLY INTL INC COMMON 249030107 22,169.28 559,689 SOLE 476,889 82,800
EMERSON ELEC CO COMMON 291011104 2,144.88 40,500 DEFINED 40,500
EMERSON ELEC CO COMMON 291011104 14,267.42 269,400 SOLE 228,100 41,300
GANNETT INC COMMON 364730101 36,609.83 2,032,750 DEFINED 2,032,750
GANNETT INC COMMON 364730101 66,604.76 3,698,210 SOLE 3,211,620 486,590
GENERAL DYNAMICS COMMON 369550108 9,192.13 132,700 DEFINED 132,700
GENERAL DYNAMICS COMMON 369550108 22,796.76 329,100 SOLE 295,000 34,100
GENTEX CORP COMMON 371901109 4,484.42 237,900 DEFINED 237,900
FORM 13F INFORMATION TABLE
SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- -------------- ----- ----- ----------- --- ---- ---------- -------- ---------- ------ ----------
GENTEX CORP COMMON 371901109 15,845.31 840,600 SOLE 717,400 123,200
GOOGLE INC CLASS A 38259P508 13,429.61 18,985 DEFINED 18,985
GOOGLE INC CLASS A 38259P508 34,385.03 48,609 SOLE 41,286 7,323
GRANITE CONSTR INC COMMON 387328107 9,090.85 270,400 DEFINED 270,400
GRANITE CONSTR INC COMMON 387328107 17,065.51 507,600 SOLE 438,700 68,900
HEARTLAND EXPRESS IN COMMON 422347104 9,446.63 722,772 DEFINED 722,772
HEARTLAND EXPRESS IN COMMON 422347104 3,042.34 232,773 SOLE 232,773 --
HUBBELL INC CLASS B 443510201 7,203.71 85,120 DEFINED 85,120
HUBBELL INC CLASS B 443510201 18,847.10 222,700 SOLE 190,300 32,400
INFOSYS LIMITED AMERICAN DEP
SHS 456788108 60,682.52 1,434,575 SOLE 1,182,575 252,000
INTEL CORP COMMON 458140100 22,849.33 1,108,115 DEFINED 1,108,115
INTEL CORP COMMON 458140100 53,996.36 2,618,640 SOLE 2,246,820 371,820
JACOBS ENGR GROUP COMMON 469814107 2,907.53 68,300 DEFINED 68,300
JACOBS ENGR GROUP COMMON 469814107 15,088.47 354,439 SOLE 299,939 54,500
JOHNSON & JOHNSON COMMON 478160104 62,744.41 895,070 DEFINED 895,070
JOHNSON & JOHNSON COMMON 478160104 147,721.73 2,107,300 SOLE 1,900,000 207,300
LENNAR CORP CLASS B 526057302 4,008.38 131,250 DEFINED 131,250
LENNAR CORP CLASS B 526057302 1,531.83 50,158 SOLE 50,158 --
MARKEL CORP COMMON 570535104 63,366.00 146,200 DEFINED 146,200
MARKEL CORP COMMON 570535104 187,340.59 432,238 SOLE 369,041 63,197
MARTIN MARIETTA MATL COMMON 573284106 8,188.41 86,852 DEFINED 86,852
MARTIN MARIETTA MATL COMMON 573284106 19,864.80 210,700 SOLE 181,000 29,700
MDU RES GROUP INC COMMON 552690109 40,455.83 1,904,700 DEFINED 1,904,700
MDU RES GROUP INC COMMON 552690109 76,181.51 3,586,700 SOLE 3,096,100 490,600
MERCK & CO INC COMMON 58933Y105 48,083.01 1,174,475 DEFINED 1,174,475
MERCK & CO INC COMMON 58933Y105 126,054.26 3,079,000 SOLE 2,772,100 306,900
MICROSOFT CORP COMMON 594918104 44,563.82 1,668,432 DEFINED 1,668,432
MICROSOFT CORP COMMON 594918104 95,683.23 3,582,300 SOLE 3,078,500 503,800
NABORS INDS LTD COMMON G6359F103 20,319.59 1,406,200 DEFINED 1,406,200
NABORS INDS LTD COMMON G6359F103 48,268.78 3,340,400 SOLE 2,872,100 468,300
NATL AUSTRALIA BK SP ADR (1 ORD) 632525408 5,586.55 211,933 SOLE 211,933 --
PETROLEO BRASILEIRO ADR(2 ORD
SHRS) 71654V408 158,528.21 8,142,178 SOLE 6,692,878 1,449,300
PFIZER INC COMMON 717081103 49,114.46 1,958,312 DEFINED 1,958,312
PFIZER INC COMMON 717081103 127,503.71 5,083,880 SOLE 4,586,660 497,220
POSCO ADR(0.25 ORD
SHRS) 693483109 199,181.55 2,424,608 SOLE 1,992,488 432,120
PROCTER & GAMBLE CO COMMON 742718109 53,784.63 792,232 DEFINED 792,232
PROCTER & GAMBLE CO COMMON 742718109 124,700.35 1,836,800 SOLE 1,578,000 258,800
ROCKWELL COLLINS INC COMMON 774341101 3,763.60 64,700 DEFINED 64,700
FORM 13F INFORMATION TABLE
SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- -------------- ----- ----- ----------- --- ---- ---------- -------- ---------- ------ ----------
ROCKWELL COLLINS INC COMMON 774341101 16,712.24 287,300 SOLE 255,900 31,400
RYANAIR HLDGS SP ADR (5 ORD) 783513104 254,971.55 7,437,910 SOLE 6,250,410 1,187,500
SAMSUNG ELECTRS LTD GDR 144A (0.5
ORD) 796050888 438,286.12 616,581 SOLE 507,673 108,908
SANDERSON FARMS COMMON 800013104 389.91 8,200 DEFINED 8,200
SANDERSON FARMS COMMON 800013104 210.69 4,431 SOLE 4,431 --
SIGNET JEWELERS LT SHS G81276100 62,957.91 1,178,987 SOLE 645,917 533,070
SYSCO CORP COMMON 871829107 33,303.15 1,051,900 DEFINED 1,051,900
SYSCO CORP COMMON 871829107 82,860.55 2,617,200 SOLE 2,244,500 372,700
TELLABS INC COMMON 879664100 9,283.93 4,071,900 DEFINED 4,071,900
TELLABS INC COMMON 879664100 13,482.63 5,913,433 SOLE 5,191,685 721,748
TIDEWATER INC COMMON 886423102 28,242.23 632,100 DEFINED 632,100
TIDEWATER INC COMMON 886423102 82,716.08 1,851,300 SOLE 1,580,134 271,166
UNITED TECHNOLOGIES COMMON 913017109 10,777.34 131,415 DEFINED 131,415
UNITED TECHNOLOGIES COMMON 913017109 33,894.73 413,300 SOLE 369,800 43,500
WALGREEN CO COMMON 931422109 45,016.00 1,216,320 DEFINED 1,216,320
WALGREEN CO COMMON 931422109 120,412.04 3,253,500 SOLE 2,791,400 462,100
WALT DISNEY CO COMMON 254687106 11,314.78 227,250 DEFINED 227,250
WALT DISNEY CO COMMON 254687106 29,303.90 588,550 SOLE 504,050 84,500
WASHINGTON FEDERAL COMMON STOCK 938824109 33,142.80 1,964,600 DEFINED 1,964,600
WASHINGTON FEDERAL COMMON STOCK 938824109 89,557.35 5,308,675 SOLE 4,559,395 749,280
WELLS FARGO & CO COMMON 949746101 59,675.92 1,745,931 DEFINED 1,745,931
WELLS FARGO & CO COMMON 949746101 147,119.61 4,304,260 SOLE 3,680,260 624,000
------------ ----------- ---------- ----------
4,956,554.36 128,282,651 81,803,752 46,478,899