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) 5,316

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

Sector Weighting

Basic Materials 5.33%
Capital Goods 9.98%
Conglomerates
Consumer Cyclical 1.41%
Consumer/Non-Cyclical 5.81%
Energy 8.21%
Financial 24.14%
Healthcare 10.83%
Services 12.84%
Technology 17.61%
Transportation 1.88%
Utilities 1.96%

45 DECREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
MARKEL CORP COM 397,652 -9,867 (2.42) 520,508
SAMSUNG ELECTRS LTD GDR 144A / REG S 339,567 -1,700 (0.5) 527,345
WELLS FARGO & CO NEW COM 276,164 -21,303 (7.16) 5,102,801
INFOSYS LTD SPONSORED ADR 225,048 -2,166 (0.95) 6,339,390
BERKSHIRE HATHAWAY INC DEL CL B NEW 204,879 -4,362 (2.09) 1,423,858
3M CO COM 198,277 -37,370 (15.86) 1,212,705
PROCTER & GAMBLE CO COM 191,680 -2,184 (1.13) 2,328,758
GANNETT INC COM 183,984 -3,728 (1.99) 5,068,430
CARNIVAL CORP PAIRED CTF 178,692 -2,903 (1.6) 3,792,269
JOHNSON & JOHNSON COM 162,450 -3,532 (2.13) 1,618,996
PFIZER INC COM 158,150 -4,092 (2.52) 4,580,064
WASHINGTON FED INC COM 151,180 -2,115 (1.38) 7,048,015
MICROSOFT CORP COM 120,101 -13,014 (9.78) 2,931,436
WALGREENS BOOTS ALLIANCE INC COM 117,979 -13,939 (10.57) 1,383,265
COCA COLA CO COM 117,244 -2,401 (2.01) 2,925,250
SYSCO CORP COM 115,205 -27,565 (19.31) 3,019,000
INTEL CORP COM 111,777 -23,184 (17.18) 3,493,025
BECTON DICKINSON & CO COM 109,309 -38,727 (26.16) 755,990
MERCK & CO INC NEW COM 95,035 -7,100 (6.95) 1,645,635
RYANAIR HLDGS PLC SPONSORED ADR 81,718 -21,528 (20.85) 1,234,410