SPRUCEGROVE INVESTMENT MANAGEMENT LTD Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 57
New Positions 2
Increased Positions 12
Decreased Positions 44
Positions with Activity 56
Sold Out Positions 2
Total Mkt Value (in $ millions) 5,806

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

Sector Weighting

Basic Materials 5.8%
Capital Goods 9.13%
Conglomerates
Consumer Cyclical 0.51%
Consumer/Non-Cyclical 5.48%
Energy 12.64%
Financial 21.06%
Healthcare 11.7%
Services 12.53%
Technology 14.08%
Transportation 4.01%
Utilities 3.01%

56 Activity Positions as of 12/31/2013

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
3M CO COM 220,689 -58,225 (20.88) 1,602,330
ALTERA CORP COM 57,655 17,044 41.97 1,673,093
AMERICAN EXPRESS CO COM 31,927 -7,130 (18.26) 370,300
APACHE CORP COM 181,657 -2,783 (1.51) 2,134,381
AUSTRALIA&NEW ZEALAND BKG GRP SPONSORED ADR 9,908 -478 (4.6) 313,050
BANCO BRADESCO S A SP ADR PFD NEW 110,935 110,935 New 7,435,300
BEAM INC COM -5,400 Sold Out 0
BECTON DICKINSON & CO COM 124,005 -16,425 (11.7) 1,095,840
BEMIS INC COM 51,610 -861 (1.64) 1,276,223
BERKSHIRE HATHAWAY INC DEL CL B NEW 200,215 -3,537 (1.74) 1,574,265
BROWN FORMAN CORP CL B 2,313 -107 (4.41) 26,012
CARLISLE COS INC COM 16,618 102 .62 211,800
CARNIVAL CORP PAIRED CTF 150,837 -202 (0.13) 4,041,719
COCA COLA CO COM 128,351 -2,260 (1.73) 3,152,040
COVIDIEN PLC SHS 22,705 -321 (1.4) 325,000
CULLEN FROST BANKERS INC COM 52,331 -1,075 (2.01) 676,900
DENBURY RES INC COM NEW 106,080 20,991 24.67 6,153,150
DENTSPLY INTL INC NEW COM 35,447 -41 (0.12) 784,389
DISNEY WALT CO COM DISNEY 72,259 -1,156 (1.57) 903,350
EMERSON ELEC CO COM 10,711 -7,932 (42.55) 156,500