Sprucegrove Investment Management portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 7, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Sprucegrove Investment Management reported a $639M portfolio of 40 positions to the SEC as of the end of Q2 2026. Its largest positions are CPA, RYAAY, SSNHZ.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Sprucegrove Investment Management has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
Stake reported in the company · event of Jul 31, 2026 · filed Aug 7, 2026 · filing ↗
What changed this quarter
34 positions with a change (32 trimmed, 2 sold). 6 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Samsung Electronics−27%fewer sharesReduced14.7% → 20.0%
- Copa Holdings−15%fewer sharesReduced30.9% → 35.3%
- Ryanair Holdings−11%fewer sharesReduced35.5% → 34.6%
- C.h. Robinson Worldwide−67%fewer sharesReduced0.9% → 0.3%
- Henry Schein−50%fewer sharesReduced0.9% → 0.5%
- T. Rowe Price−60%fewer sharesReduced0.7% → 0.3%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Copa HoldingsCPA35.3%
- Ryanair HoldingsRYAAY34.6%
- Samsung ElectronicsSSNHZ20.0%
- DonaldsonDCI0.6%
- Henry ScheinHSIC0.5%
- Markel GroupMKL0.5%
- Snap-onSNA0.5%
- AlphabetGOOGL0.4%
- Eagle MaterialsEXP0.4%
- QualcommQCOM0.4%
- Dollar GeneralDG0.4%
- Cullen/Frost BankersCFR0.4%
- Berkshire HathawayBRK/B0.4%
- GentexGNTX0.4%
- Walt DisneyDIS0.4%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Industrials 72%
- ● No sector 20%
- ● Financials 2%
- ● Health Care 1%
- ● Communication Services 1%
- ● Consumer Discretionary 1%
- ● Information Technology 1%
- ● Consumer Staples 1%
How its portfolio changed (8 quarters)
Q2 2026: 40
Q2 2026: 93%
Q2 2026: 13.6%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Apr 9, 2026 (medium confidence).
The data, as reported: SPRUCEGROVE INVESTMENT MANAGEMENT LTD (CRD 106355): 7.B private funds: 4 other (gross assets $1.0 bn); 5.D assets by client type: governments 33%, registered funds 33%, pooled vehicles 28%, charities 6% (of $11.5 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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