0000950123-15-011201.txt : 20151112 0000950123-15-011201.hdr.sgml : 20151112 20151112060547 ACCESSION NUMBER: 0000950123-15-011201 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150930 FILED AS OF DATE: 20151112 DATE AS OF CHANGE: 20151112 EFFECTIVENESS DATE: 20151112 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: 151221071 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 09-30-2015 09-30-2015 SPRUCEGROVE INVESTMENT MANAGEMENT LTD

181 UNIVERSITY AVE STE 1300 TORONTO A6 M5H 3M7

13F HOLDINGS REPORT 028-11833 N MARK WOLFF 416-363-5854 x240 MARK WOLFF TORONTO A6 11-10-2015 1 106 4020368 false 1 28-11838 LEITH WHEELER INVESTMENT COUNSEL LTD. INFORMATION TABLE 2 form13fInfoTable.xml INFORMATION TABLE FOR FORM 13F 3M COMPANY COMMON 88579Y101 33369 235376 SH DFND 0 0 235376 3M COMPANY COMMON 88579Y101 53793 379436 SH SOLE 325536 0 53900 ALTERA CORP COMMON 021441100 17098 341409 SH DFND 0 0 341409 ALTERA CORP COMMON 021441100 15469 308893 SH SOLE 282193 0 26700 AMERICAN EXPRESS CO COMMON 025816109 20433 275631 SH DFND 0 0 275631 AMERICAN EXPRESS CO COMMON 025816109 60572 817100 SH SOLE 695000 0 122100 APACHE CORP COMMON 037411105 42257 1079084 SH DFND 0 0 1079084 APACHE CORP COMMON 037411105 93596 2390090 SH SOLE 2053990 0 336100 AUSTRAL&NEW ZEAL BKG BKG SP ADR (1 ORD) 052528304 2721 142850 SH SOLE 142850 0 0 BANCO BRADESCO S A ADR (1 PFD) 059460303 101562 18948200 SH SOLE 15487320 0 3460880 BECTON DICKINSON COMMON 075887109 25783 194353 SH DFND 0 0 194353 BECTON DICKINSON COMMON 075887109 45091 339900 SH SOLE 309900 0 30000 BED BATH & BEYOND COMMON 075896100 3455 60600 SH DFND 0 0 60600 BED BATH & BEYOND COMMON 075896100 10087 176900 SH SOLE 151500 0 25400 BEMIS INC COMMON 081437105 9497 240011 SH DFND 0 0 240011 BEMIS INC COMMON 081437105 17802 449880 SH SOLE 383780 0 66100 BERKSHIRE HATHAWAY CLASS B 084670702 49245 377642 SH DFND 0 0 377642 BERKSHIRE HATHAWAY CLASS B 084670702 98363 754320 SH SOLE 639880 0 114440 CARLISLE COS INC COMMON 142339100 12006 137400 SH DFND 0 0 137400 CARLISLE COS INC COMMON 142339100 5522 63200 SH SOLE 63200 0 0 CARNIVAL CORP COMMON 143658300 39551 795793 SH DFND 0 0 795793 CARNIVAL CORP COMMON 143658300 72832 1465424 SH SOLE 1258818 0 206606 COCA-COLA CO COMMON 191216100 32625 813190 SH DFND 0 0 813190 COCA-COLA CO COMMON 191216100 53127 1324200 SH SOLE 1128900 0 195300 CULLEN FROST BANKERS COMMON 229899109 12563 197600 SH DFND 0 0 197600 CULLEN FROST BANKERS COMMON 229899109 28280 444800 SH SOLE 382500 0 62300 DENBURY RES INC COMMON 247916208 14394 5899000 SH DFND 0 0 5899000 DENBURY RES INC COMMON 247916208 36373 14907000 SH SOLE 12763000 0 2144000 DENTSPLY INTL INC COMMON 249030107 14454 285829 SH DFND 0 0 285829 DENTSPLY INTL INC COMMON 249030107 20020 395889 SH SOLE 340589 0 55300 EMERSON ELEC CO COMMON 291011104 3220 72904 SH DFND 0 0 72904 EMERSON ELEC CO COMMON 291011104 11555 261600 SH SOLE 222500 0 39100 FLIR SYS INC COMMON 302445101 20075 717236 SH DFND 0 0 717236 FLIR SYS INC COMMON 302445101 28967 1034898 SH SOLE 957998 0 76900 GANNETT INC COMMON 36473H104 7209 489425 SH DFND 0 0 489425 GANNETT INC COMMON 36473H104 10173 690640 SH SOLE 604445 0 86195 GENERAL DYNAMICS COMMON 369550108 6182 44812 SH DFND 0 0 44812 GENERAL DYNAMICS COMMON 369550108 13775 99855 SH SOLE 90055 0 9800 GENTEX CORP COMMON 371901109 7535 486100 SH DFND 0 0 486100 GENTEX CORP COMMON 371901109 24772 1598200 SH SOLE 1354900 0 243300 GOOGLE INC CLASS A 38259P508 62178 97401 SH DFND 59965 0 10083 GOOGLE INC CLASS C 38259P706 28813 47357 SH DFND 25882 0 4232 GRANITE CONSTR INC COMMON 387328107 12399 417900 SH DFND 0 0 417900 GRANITE CONSTR INC COMMON 387328107 18143 611500 SH SOLE 524300 0 87200 HEARTLAND EXPRESS IN COMMON 422347104 11058 554546 SH DFND 0 0 554546 HEARTLAND EXPRESS IN COMMON 422347104 3832 192173 SH SOLE 192173 0 0 INFOSYS LIMITED ADR 456788108 233350 12223680 SH SOLE 9970480 0 2253200 INTEL CORP COMMON 458140100 25944 860786 SH DFND 0 0 860786 INTEL CORP COMMON 458140100 48504 1609280 SH SOLE 1383660 0 225620 JACOBS ENGR GROUP COMMON 469814107 14965 399806 SH DFND 0 0 399806 JACOBS ENGR GROUP COMMON 469814107 40897 1092639 SH SOLE 997839 0 94800 JOHNSON & JOHNSON COMMON 478160104 45367 485990 SH DFND 0 0 485990 JOHNSON & JOHNSON COMMON 478160104 84668 907000 SH SOLE 836800 0 70200 MARKEL CORP COMMON 570535104 83073 103600 SH DFND 0 0 103600 MARKEL CORP COMMON 570535104 214297 267250 SH SOLE 228467 0 38783 MATTEL INC COMMON 577081102 22626 1074370 SH DFND 0 0 1074370 MATTEL INC COMMON 577081102 45443 2157800 SH SOLE 1862200 0 295600 MDU RES GROUP INC COMMON 552690109 35015 2035761 SH DFND 0 0 2035761 MDU RES GROUP INC COMMON 552690109 70489 4098200 SH SOLE 3527300 0 570900 MEDTRONIC PLC SHS G5960L103 5468 81679 SH DFND 0 0 81679 MEDTRONIC PLC SHS G5960L103 17062 254880 SH SOLE 210414 0 44466 MERCK & CO INC COMMON 58933Y105 21748 440342 SH DFND 0 0 440342 MERCK & CO INC COMMON 58933Y105 36146 731850 SH SOLE 673950 0 57900 MICROSOFT CORP COMMON 594918104 32934 744101 SH DFND 0 0 744101 MICROSOFT CORP COMMON 594918104 55639 1257100 SH SOLE 1075900 0 181200 NATL AUSTRALIA BK SP ADR (1 ORD) 632525408 1563 148566 SH SOLE 148566 0 0 OCEANEERING INTL INC COMMON 675232102 4808 122400 SH DFND 0 0 122400 OCEANEERING INTL INC COMMON 675232102 19098 486200 SH SOLE 412500 0 73700 PFIZER INC COMMON 717081103 23881 760294 SH DFND 0 0 760294 PFIZER INC COMMON 717081103 35459 1128910 SH SOLE 1033490 0 95420 POSCO ADR (0.25 ORD) 693483109 154536 4412786 SH SOLE 3585666 0 827120 PRECISION CASTPARTS COMMON 740189105 5284 23004 SH DFND 0 0 23004 PRECISION CASTPARTS COMMON 740189105 8109 35300 SH SOLE 30900 0 4400 PROCTER & GAMBLE CO COMMON 742718109 47120 654990 SH DFND 0 0 654990 PROCTER & GAMBLE CO COMMON 742718109 92875 1291000 SH SOLE 1112500 0 178500 QUALCOMM INC COMMON 747525103 9943 185050 SH DFND 0 0 185050 QUALCOMM INC COMMON 747525103 31749 590900 SH SOLE 501400 0 89500 ROCKWELL COLLINS INC COMMON 774341101 7963 97304 SH DFND 0 0 97304 ROCKWELL COLLINS INC COMMON 774341101 16761 204800 SH SOLE 186100 0 18700 RYANAIR HLDGS SP ADR (5 ORD) 783513104 24963 318810 SH SOLE 260910 0 57900 SAMSUNG ELECTRS LTD GDR 144A (0.5 ORD) 796050888 271472 567506 SH SOLE 461438 0 106068 STATE BK OF INDIA GDR(2 INR10 REG S) 856552203 20148 554280 SH SOLE 343550 0 210730 SYSCO CORP COMMON 871829107 24516 629101 SH DFND 0 0 629101 SYSCO CORP COMMON 871829107 42563 1092200 SH SOLE 941300 0 150900 TEGNA INC COMMON 87901J105 21869 976750 SH DFND 0 0 976750 TEGNA INC COMMON 87901J105 30927 1381280 SH SOLE 1208890 0 172390 TIDEWATER INC COMMON 886423102 16377 1246309 SH DFND 0 0 1246309 TIDEWATER INC COMMON 886423102 40058 3048566 SH SOLE 2621400 0 427166 UNITED TECHNOLOGIES COMMON 913017109 26759 300701 SH DFND 0 0 300701 UNITED TECHNOLOGIES COMMON 913017109 52317 587900 SH SOLE 535800 0 52100 VALLEY NATL BANCORP COMMON 919794107 22319 2268200 SH DFND 0 0 2268200 VALLEY NATL BANCORP COMMON 919794107 35843 3642600 SH SOLE 3180200 0 462400 VALMONT INDS INC COMMON 920253101 3463 36500 SH DFND 0 0 36500 VALMONT INDS INC COMMON 920253101 16976 178900 SH SOLE 151300 0 27600 WALGREENS BOOTS ALNC COMMON 931427108 22732 273552 SH DFND 0 0 273552 WALGREENS BOOTS ALNC COMMON 931427108 44500 535500 SH SOLE 459100 0 76400 WALT DISNEY CO COMMON 254687106 11703 114510 SH DFND 0 0 114510 WALT DISNEY CO COMMON 254687106 21651 211850 SH SOLE 180350 0 31500 WASHINGTON FEDERAL COMMON 938824109 41781 1836535 SH DFND 0 0 1836535 WASHINGTON FEDERAL COMMON 938824109 91832 4036575 SH SOLE 3480395 0 556180 WELLS FARGO & CO COMMON 949746101 66958 1303961 SH DFND 0 0 1303961 WELLS FARGO & CO COMMON 949746101 124494 2424430 SH SOLE 2069230 0 355200 WESTAMERICA BANCORP COMMON 957090103 8293 186600 SH DFND 0 0 186600 WESTAMERICA BANCORP COMMON 957090103 22122 497800 SH SOLE 426900 0 70900 WORLD FUEL SVCS CORP COMMON 981475106 6265 175000 SH DFND 0 0 175000 WORLD FUEL SVCS CORP COMMON 981475106 2854 79717 SH SOLE 79717 0 0