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) 5,461

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

Sector Weighting

Basic Materials 5.4%
Capital Goods 9.58%
Conglomerates
Consumer Cyclical 1.53%
Consumer/Non-Cyclical 5.62%
Energy 10.15%
Financial 23.95%
Healthcare 10.53%
Services 12.1%
Technology 17.31%
Transportation 1.81%
Utilities 2.01%

11 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
POSCO SPONSORED ADR 221,415 503 .23 3,743,286
APACHE CORP COM 188,984 23,804 14.41 2,759,691
BANCO BRADESCO S A SP ADR PFD NEW 142,257 1,910 1.36 13,233,240
MDU RES GROUP INC COM 109,840 14,159 14.80 4,921,140
DENBURY RES INC COM NEW 107,198 39,713 58.85 12,493,950
UNITED TECHNOLOGIES CORP COM 88,901 23,984 36.95 770,110
TIDEWATER INC COM 80,902 9,485 13.28 2,978,727
JACOBS ENGR GROUP INC DEL COM 54,807 5,912 12.09 1,282,039
MATTEL INC COM 50,343 15,632 45.04 1,797,000
VALLEY NATL BANCORP COM 32,530 2,020 6.62 3,468,000
GOOGLE INC CL A 30,442 20,509 206.46 55,233


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