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) 5,480

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

Sector Weighting

Basic Materials 5.44%
Capital Goods 9.65%
Conglomerates
Consumer Cyclical 1.61%
Consumer/Non-Cyclical 5.62%
Energy 9.8%
Financial 23.99%
Healthcare 10.61%
Services 12.38%
Technology 17.05%
Transportation 1.82%
Utilities 2.03%

56 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
SIGNET JEWELERS LIMITED SHS 7,456 -13,745 (64.83) 54,032
MEDTRONIC PLC SHS 10,306 -11,203 (52.09) 132,788
GOOGLE INC CL C 29,654 -20,323 (40.67) 52,479
BECTON DICKINSON & CO COM 109,112 -38,657 (26.16) 755,990
DISNEY WALT CO COM DISNEY 60,409 -21,102 (25.89) 551,530
NATIONAL AUSTRALIA BK LTD SPONSORED ADR 3,652 -1,173 (24.32) 245,266
RYANAIR HLDGS PLC SPONSORED ADR 82,705 -21,788 (20.85) 1,234,410
AUSTRALIA&NEW ZEALAND BKG GRP SPONSORED ADR 5,989 -1,505 (20.09) 214,050
SYSCO CORP COM 114,511 -27,399 (19.31) 3,019,000
GENERAL DYNAMICS CORP COM 40,358 -9,642 (19.28) 300,955
INTEL CORP COM 112,056 -23,242 (17.18) 3,493,025
3M CO COM 192,808 -36,340 (15.86) 1,212,705
WALGREENS BOOTS ALLIANCE INC COM 118,933 -14,051 (10.57) 1,383,265
MICROSOFT CORP COM 140,328 -15,205 (9.78) 2,931,436
WELLS FARGO & CO NEW COM 279,123 -21,531 (7.16) 5,102,801
MERCK & CO INC NEW COM 94,789 -7,081 (6.95) 1,645,635
HEARTLAND EXPRESS INC COM 16,991 -704 (3.98) 781,565
AMERICAN EXPRESS CO COM 26,283 -834 (3.08) 337,000
PFIZER INC COM 161,539 -4,180 (2.52) 4,580,064
MARKEL CORP COM 395,243 -9,807 (2.42) 520,508