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) 5,486

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

Sector Weighting

Basic Materials 5.73%
Capital Goods 9.96%
Conglomerates
Consumer Cyclical 1.46%
Consumer/Non-Cyclical 5.87%
Energy 9.35%
Financial 23.97%
Healthcare 10.64%
Services 12.04%
Technology 17.1%
Transportation 1.8%
Utilities 2.07%

56 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VALLEY NATL BANCORP COM 33,258 2,066 6.62 3,468,000
ROCKWELL COLLINS INC COM 32,254 -414 (1.27) 358,700
GOOGLE INC CL A 30,231 20,366 206.46 55,233
GOOGLE INC CL C 28,542 -19,561 (40.67) 52,479
AMERICAN EXPRESS CO COM 27,691 -879 (3.08) 337,000
WESTAMERICA BANCORPORATION COM 24,528 -117 (0.48) 566,200
BED BATH & BEYOND INC COM 20,936 -82 (0.39) 279,600
HEARTLAND EXPRESS INC COM 19,774 -819 (3.98) 781,565
CARLISLE COS INC COM 19,077 -190 (0.99) 200,600
WORLD FUEL SVCS CORP COM 10,693 -16 (0.15) 196,017
MEDTRONIC PLC SHS 10,441 -11,351 (52.09) 132,788
EMERSON ELEC CO COM 8,080 -192 (2.33) 138,600
SIGNET JEWELERS LIMITED SHS 6,430 -11,853 (64.83) 54,032
LENNAR CORP CL B 6,253 -73 (1.15) 154,208
AUSTRALIA&NEW ZEALAND BKG GRP SPONSORED ADR 5,959 -1,498 (20.09) 214,050
NATIONAL AUSTRALIA BK LTD SPONSORED ADR 3,650 -1,173 (24.32) 245,266