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