SPRUCEGROVE INVESTMENT MANAGEMENT LTD Information

181 UNIVERSITY AVE, TORONTO, , M5H 3M7, (416) 363-5854

Report Date: 12/31/2014

Position Statistics

Total Positions 56
New Positions 0
Increased Positions 11
Decreased Positions 45
Positions with Activity 56
Sold Out Positions 0
Total Mkt Value (in $ millions) 5,482

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 5.45%
Capital Goods 9.6%
Conglomerates
Consumer Cyclical 1.51%
Consumer/Non-Cyclical 5.6%
Energy 10.18%
Financial 24.05%
Healthcare 10.58%
Services 12.07%
Technology 17.16%
Transportation 1.8%
Utilities 1.99%

56 Activity Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
SIGNET JEWELERS LIMITED SHS 7,436 -13,707 (64.83) 54,032
MEDTRONIC PLC SHS 10,079 -10,957 (52.09) 132,788
GOOGLE INC CL C 28,380 -19,450 (40.67) 52,479
BECTON DICKINSON & CO COM 108,817 -38,553 (26.16) 755,990
DISNEY WALT CO COM DISNEY 61,236 -21,391 (25.89) 551,530
NATIONAL AUSTRALIA BK LTD SPONSORED ADR 3,497 -1,124 (24.32) 245,266
RYANAIR HLDGS PLC SPONSORED ADR 82,101 -21,629 (20.85) 1,234,410
AUSTRALIA&NEW ZEALAND BKG GRP SPONSORED ADR 5,576 -1,401 (20.09) 214,050
SYSCO CORP COM 110,707 -26,489 (19.31) 3,019,000
GENERAL DYNAMICS CORP COM 42,314 -10,109 (19.28) 300,955
INTEL CORP COM 116,772 -24,220 (17.18) 3,493,025
3M CO COM 192,844 -36,346 (15.86) 1,212,705
WALGREENS BOOTS ALLIANCE INC COM 116,374 -13,749 (10.57) 1,383,265
MICROSOFT CORP COM 141,412 -15,323 (9.78) 2,931,436
WELLS FARGO & CO NEW COM 284,379 -21,936 (7.16) 5,102,801
MERCK & CO INC NEW COM 99,791 -7,455 (6.95) 1,645,635
HEARTLAND EXPRESS INC COM 16,475 -682 (3.98) 781,565
AMERICAN EXPRESS CO COM 26,380 -838 (3.08) 337,000
PFIZER INC COM 157,188 -4,067 (2.52) 4,580,064
MARKEL CORP COM 392,968 -9,750 (2.42) 520,508