Skip to content
Disclosery

SPRUCEGROVE INVESTMENT MANAGEMENT LTD

Follow

13F filer, CIK 1234074, TORONTO, Ontario, Canada

SPRUCEGROVE INVESTMENT MANAGEMENT LTD reported $639,104,179 across 40 holdings for the quarter ended 2026-06-30, in a 13F-HR filed 2026-08-07. Its ten largest share positions make up 93.3% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001193125-26-339127

Period
2026-06-30
Reported value
$639M
Holdings
40
Top 10 weight
93.3%
New
0
Sold out
2

Largest buys vs the previous quarter

None.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SSNHZreduced-8,706-$46.9M
CPAreduced-247,418-$38.5M
RYAAYreduced-423,350-$27.4M
CHRWreduced-21,700-$4.09M
HSICreduced-39,700-$3.32M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2026

Share positions as resolved from 13F-HR 0001193125-26-339127, largest first. % of portfolio is the value over $639,104,179, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CPACOPA HOLDINGS SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 3,189,574 shares; 2024Q4: 3,339,587 shares; 2025Q1: 3,079,532 shares; 2025Q2: 2,533,736 shares; 2025Q3: 2,301,884 shares; 2025Q4: 1,911,095 shares; 2026Q1: 1,699,010 shares; 2026Q2: 1,451,592 shares 1,451,592$226M35.33%-247,418Timeline
RYAAYRYANAIR HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 8,598,101 shares; 2024Q4: 8,456,700 shares; 2025Q1: 7,423,000 shares; 2025Q2: 6,011,207 shares; 2025Q3: 5,273,508 shares; 2025Q4: 4,537,122 shares; 2026Q1: 3,843,067 shares; 2026Q2: 3,419,717 shares 3,419,717$221M34.65%-423,350Timeline
SSNHZSAMSUNG ELECTR-GDR REG SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 220,329 shares; 2024Q4: 203,435 shares; 2025Q1: 204,738 shares; 2025Q2: 166,574 shares; 2025Q3: 152,262 shares; 2025Q4: 55,656 shares; 2026Q1: 32,382 shares; 2026Q2: 23,676 shares 23,676$128M19.97%-8,706Timeline
DCIDONALDSON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 307,431 shares; 2024Q4: 307,431 shares; 2025Q1: 276,461 shares; 2025Q2: 275,761 shares; 2025Q3: 258,761 shares; 2025Q4: 92,664 shares; 2026Q1: 72,604 shares; 2026Q2: 40,004 shares 40,004$3.59M0.56%-32,600Timeline
HSICSCHEIN HENRY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 409,441 shares; 2024Q4: 409,441 shares; 2025Q1: 299,890 shares; 2025Q2: 297,890 shares; 2025Q3: 278,490 shares; 2025Q4: 99,217 shares; 2026Q1: 80,127 shares; 2026Q2: 40,427 shares 40,427$3.38M0.53%-39,700Timeline
MKLMARKEL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 18,090 shares; 2024Q4: 18,090 shares; 2025Q1: 12,626 shares; 2025Q2: 12,189 shares; 2025Q3: 10,888 shares; 2025Q4: 3,818 shares; 2026Q1: 3,088 shares; 2026Q2: 1,604 shares 1,604$3.13M0.49%-1,484Timeline
SNASNAP ON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 19,300 shares; 2024Q4: 22,100 shares; 2025Q1: 41,580 shares; 2025Q2: 47,080 shares; 2025Q3: 48,580 shares; 2025Q4: 17,180 shares; 2026Q1: 14,500 shares; 2026Q2: 7,400 shares 7,400$2.98M0.47%-7,100Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 22,125 shares; 2024Q4: 22,125 shares; 2025Q1: 59,734 shares; 2025Q2: 63,474 shares; 2025Q3: 67,064 shares; 2025Q4: 20,344 shares; 2026Q1: 16,284 shares; 2026Q2: 7,870 shares 7,870$2.81M0.44%-8,414Timeline
EXPEAGLE MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 600 shares; 2025Q3: 700 shares; 2025Q4: 12,400 shares; 2026Q1: 16,837 shares; 2026Q2: 12,310 shares 12,310$2.77M0.43%-4,527Timeline
QCOMQUALCOMM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 156,538 shares; 2024Q4: 145,138 shares; 2025Q1: 108,760 shares; 2025Q2: 107,460 shares; 2025Q3: 97,660 shares; 2025Q4: 35,489 shares; 2026Q1: 31,329 shares; 2026Q2: 14,929 shares 14,929$2.76M0.43%-16,400Timeline
DGDOLLAR GEN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 38,731 shares; 2025Q3: 65,710 shares; 2025Q4: 40,610 shares; 2026Q1: 36,029 shares; 2026Q2: 23,495 shares 23,495$2.7M0.42%-12,534Timeline
CFRCULLEN FROST BANKERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 186,577 shares; 2024Q4: 163,777 shares; 2025Q1: 127,030 shares; 2025Q2: 125,630 shares; 2025Q3: 113,630 shares; 2025Q4: 41,038 shares; 2026Q1: 32,708 shares; 2026Q2: 16,308 shares 16,308$2.52M0.39%-16,400Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 75,830 shares; 2024Q4: 75,830 shares; 2025Q1: 48,499 shares; 2025Q2: 44,618 shares; 2025Q3: 39,601 shares; 2025Q4: 12,867 shares; 2026Q1: 8,996 shares; 2026Q2: 5,035 shares 5,035$2.52M0.39%-3,961Timeline
GNTXGENTEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 488,862 shares; 2024Q4: 488,862 shares; 2025Q1: 592,360 shares; 2025Q2: 591,560 shares; 2025Q3: 619,760 shares; 2025Q4: 222,494 shares; 2026Q1: 188,734 shares; 2026Q2: 99,334 shares 99,334$2.51M0.39%-89,400Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 242,189 shares; 2024Q4: 242,189 shares; 2025Q1: 184,170 shares; 2025Q2: 178,070 shares; 2025Q3: 157,770 shares; 2025Q4: 57,011 shares; 2026Q1: 48,541 shares; 2026Q2: 25,541 shares 25,541$2.46M0.38%-23,000Timeline
GILDGILEAD SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 268,966 shares; 2024Q4: 268,966 shares; 2025Q1: 201,970 shares; 2025Q2: 185,570 shares; 2025Q3: 167,370 shares; 2025Q4: 59,870 shares; 2026Q1: 37,900 shares; 2026Q2: 18,900 shares 18,900$2.39M0.37%-19,000Timeline
BF-BBROWN FORMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: 249,800 shares; 2025Q1: 433,320 shares; 2025Q2: 456,220 shares; 2025Q3: 457,020 shares; 2025Q4: 193,120 shares; 2026Q1: 165,200 shares; 2026Q2: 89,100 shares 89,100$2.37M0.37%-76,100Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 109,135 shares; 2024Q4: 109,135 shares; 2025Q1: 82,990 shares; 2025Q2: 82,090 shares; 2025Q3: 77,390 shares; 2025Q4: 27,190 shares; 2026Q1: 20,800 shares; 2026Q2: 9,200 shares 9,200$2.34M0.37%-11,600Timeline
XPELXPEL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 52,000 shares; 2025Q2: 119,100 shares; 2025Q3: 114,856 shares; 2025Q4: 64,256 shares; 2026Q1: 64,800 shares; 2026Q2: 46,300 shares 46,300$2.3M0.36%-18,500Timeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 307,627 shares; 2024Q4: 307,627 shares; 2025Q1: 228,260 shares; 2025Q2: 255,604 shares; 2025Q3: 231,004 shares; 2025Q4: 80,847 shares; 2026Q1: 62,520 shares; 2026Q2: 26,477 shares 26,477$2.19M0.34%-36,043Timeline
TROWPRICE T ROWE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 226,102 shares; 2024Q4: 226,102 shares; 2025Q1: 178,868 shares; 2025Q2: 176,668 shares; 2025Q3: 162,368 shares; 2025Q4: 58,158 shares; 2026Q1: 46,870 shares; 2026Q2: 18,714 shares 18,714$2.13M0.33%-28,156Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 30,100 shares; 2024Q4: 30,100 shares; 2025Q1: 99,790 shares; 2025Q2: 102,690 shares; 2025Q3: 108,890 shares; 2025Q4: 39,059 shares; 2026Q1: 28,369 shares; 2026Q2: 15,269 shares 15,269$2.09M0.33%-13,100Timeline
CHRWC H ROBINSON WORLDWIDE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 187,858 shares; 2024Q4: 187,858 shares; 2025Q1: 154,082 shares; 2025Q2: 152,582 shares; 2025Q3: 151,682 shares; 2025Q4: 52,882 shares; 2026Q1: 32,612 shares; 2026Q2: 10,912 shares 10,912$2.06M0.32%-21,700Timeline
TTCTORO COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 21,200 shares; 2025Q2: 62,600 shares; 2025Q3: 67,300 shares; 2025Q4: 31,810 shares; 2026Q1: 30,810 shares; 2026Q2: 20,810 shares 20,810$2.03M0.32%-10,000Timeline
AXPAMERICAN EXPRESS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 62,197 shares; 2024Q4: 62,197 shares; 2025Q1: 45,390 shares; 2025Q2: 44,990 shares; 2025Q3: 41,590 shares; 2025Q4: 13,732 shares; 2026Q1: 10,953 shares; 2026Q2: 5,442 shares 5,442$1.84M0.29%-5,511Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 4,160 shares; 2026Q2: 3,840 shares 3,840$1.43M0.22%-320Timeline
ACNACCENTURE PLC IRELANDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 12,597 shares; 2026Q1: 16,436 shares; 2026Q2: 11,183 shares 11,183$1.39M0.22%-5,253Timeline
NKENIKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 50,200 shares; 2026Q2: 33,900 shares 33,900$1.39M0.22%-16,300Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 48,398 shares; 2024Q4: 44,692 shares; 2025Q1: 30,101 shares; 2025Q2: 29,098 shares; 2025Q3: 25,489 shares; 2025Q4: 6,306 shares; 2026Q1: 4,705 shares; 2026Q2: 2,351 shares 2,351$1.32M0.21%-2,354Timeline
BDXBECTON DICKINSON & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 55,609 shares; 2024Q4: 55,609 shares; 2025Q1: 53,670 shares; 2025Q2: 53,070 shares; 2025Q3: 51,470 shares; 2025Q4: 18,470 shares; 2026Q1: 15,600 shares; 2026Q2: 8,000 shares 8,000$1.21M0.19%-7,600Timeline
LFUSLITTELFUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 700 shares; 2025Q3: 700 shares; 2025Q4: 700 shares; 2026Q1: 700 shares; 2026Q2: 570 shares 570$260K0.04%-130Timeline
CGNXCOGNEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,700 shares; 2025Q3: 3,700 shares; 2025Q4: 3,200 shares; 2026Q1: 3,200 shares; 2026Q2: 2,800 shares 2,800$203K0.03%-400Timeline
BOKFBOK FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,300 shares; 2025Q3: 1,400 shares; 2025Q4: 1,400 shares; 2026Q1: 1,400 shares; 2026Q2: 1,400 shares 1,400$194K0.03%0Timeline
AYIACUITY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 400 shares; 2025Q3: 470 shares; 2025Q4: 470 shares; 2026Q1: 470 shares; 2026Q2: 470 shares 470$177K0.03%0Timeline
MSMMSC INDL DIRECT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: 240,020 shares; 2024Q4: 240,020 shares; 2025Q1: 190,610 shares; 2025Q2: 189,610 shares; 2025Q3: 174,710 shares; 2025Q4: 62,636 shares; 2026Q1: 1,400 shares; 2026Q2: 1,400 shares 1,400$167K0.03%0Timeline
LSTRLANDSTAR SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 700 shares; 2025Q3: 800 shares; 2025Q4: 800 shares; 2026Q1: 800 shares; 2026Q2: 800 shares 800$165K0.03%0Timeline
WAFDWAFD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,500 shares; 2025Q3: 4,200 shares; 2025Q4: 4,200 shares; 2026Q1: 4,200 shares; 2026Q2: 4,200 shares 4,200$161K0.03%0Timeline
AXAXOS FINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,300 shares; 2025Q3: 1,400 shares; 2025Q4: 1,400 shares; 2026Q1: 1,400 shares; 2026Q2: 1,400 shares 1,400$136K0.02%0Timeline
SSDSIMPSON MFG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 400 shares; 2025Q3: 500 shares; 2025Q4: 500 shares; 2026Q1: 500 shares; 2026Q2: 500 shares 500$105K0.02%0Timeline
GGGGRACO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 700 shares; 2025Q3: 900 shares; 2025Q4: 900 shares; 2026Q1: 900 shares; 2026Q2: 900 shares 900$68K0.01%0Timeline

Sold out in Q2 2026

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SBIDSTATE BANK OF INDIA29,590$3.13Mshares
WATWATERS CORP2,204$656Kshares

How Q2 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001193125-26-339127 base2026-08-07acceptance time not in the bulk data set