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%

56 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
GENTEX CORP COM 33,024 -649 (1.93) 1,882,800
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
GOOGLE INC CL C 28,228 -19,346 (40.67) 52,479
AMERICAN EXPRESS CO COM 26,178 -831 (3.08) 337,000
WESTAMERICA BANCORPORATION COM 24,454 -117 (0.48) 566,200
BED BATH & BEYOND INC COM 19,966 -79 (0.39) 279,600
CARLISLE COS INC COM 19,556 -195 (0.99) 200,600
HEARTLAND EXPRESS INC COM 16,538 -685 (3.98) 781,565
WORLD FUEL SVCS CORP COM 10,214 -16 (0.15) 196,017
MEDTRONIC PLC SHS 10,039 -10,913 (52.09) 132,788
EMERSON ELEC CO COM 8,223 -196 (2.33) 138,600
SIGNET JEWELERS LIMITED SHS 7,391 -13,625 (64.83) 54,032
LENNAR CORP CL B 5,743 -67 (1.15) 154,208
AUSTRALIA&NEW ZEALAND BKG GRP SPONSORED ADR 5,739 -1,442 (20.09) 214,050
NATIONAL AUSTRALIA BK LTD SPONSORED ADR 3,544 -1,139 (24.32) 245,266