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) 5,442

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

Sector Weighting

Basic Materials 5.74%
Capital Goods 9.87%
Conglomerates
Consumer Cyclical 1.48%
Consumer/Non-Cyclical 5.89%
Energy 9.1%
Financial 23.81%
Healthcare 10.71%
Services 12.18%
Technology 17.43%
Transportation 1.8%
Utilities 1.98%

56 Positions as of 12/31/2014

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
3M CO COM 202,716 -38,207 (15.86) 1,212,705
ALTERA CORP COM 59,203 -1,322 (2.18) 1,630,493
AMERICAN EXPRESS CO COM 27,172 -863 (3.08) 337,000
APACHE CORP COM 183,602 23,126 14.41 2,759,691
AUSTRALIA&NEW ZEALAND BKG GRP SPONSORED ADR 5,965 -1,499 (20.09) 214,050
BANCO BRADESCO S A SP ADR PFD NEW 134,538 1,807 1.36 11,027,700
BECTON DICKINSON & CO COM 112,159 -39,737 (26.16) 755,990
BED BATH & BEYOND INC COM 20,791 -82 (0.39) 279,600
BEMIS INC COM 57,157 -1,112 (1.91) 1,184,853
BERKSHIRE HATHAWAY INC DEL CL B NEW 206,346 -4,394 (2.09) 1,423,858
CARLISLE COS INC COM 18,700 -186 (0.99) 200,600
CARNIVAL CORP PAIRED CTF 169,097 -2,747 (1.6) 3,792,269
COCA COLA CO COM 124,323 -2,546 (2.01) 2,925,250
CULLEN FROST BANKERS INC COM 42,973 -725 (1.66) 634,200
DENBURY RES INC COM NEW 106,948 39,620 58.85 12,493,950
DENTSPLY INTL INC NEW COM 41,711 -581 (1.37) 797,529
DISNEY WALT CO COM DISNEY 58,225 -20,339 (25.89) 551,530
EMERSON ELEC CO COM 8,008 -191 (2.33) 138,600
FLIR SYS INC COM 63,218 -1,205 (1.87) 1,988,608
GANNETT INC COM 176,229 -3,571 (1.99) 5,068,430