Sprucegrove Investment Management Ltd 13F annual report

Sprucegrove Investment Management Ltd is an investment fund managing more than $2.47 trillion ran by Joe Dasilva. There are currently 33 companies in Mr. Dasilva’s portfolio. The largest investments include CRH Plc and Ryanair Hldgs Plc, together worth $845 billion.

Limited to 30 biggest holdings

$2.47 trillion Assets Under Management (AUM)

As of 6th May 2024, Sprucegrove Investment Management Ltd’s top holding is 5,068,704 shares of CRH Plc currently worth over $437 billion and making up 17.7% of the portfolio value. Relative to the number of outstanding shares of CRH Plc, Sprucegrove Investment Management Ltd owns more than approximately 0.1% of the company. In addition, the fund holds 2,799,362 shares of Ryanair Hldgs Plc worth $408 billion. The third-largest holding is Samsung Electronic worth $335 billion and the next is Copa Holdings worth $297 billion, with 2,849,339 shares owned.

Currently, Sprucegrove Investment Management Ltd's portfolio is worth at least $2.47 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Sprucegrove Investment Management Ltd

The Sprucegrove Investment Management Ltd office and employees reside in Toronto, Ontario, Canada. According to the last 13-F report filed with the SEC, Joe Dasilva serves as the Chief Compliance Officer at Sprucegrove Investment Management Ltd.

Recent trades

In the most recent 13F filing, Sprucegrove Investment Management Ltd revealed that it had increased its stake in Ryanair Hldgs Plc and bought 61,500 additional shares worth around .

On the other hand, there are companies that Sprucegrove Investment Management Ltd is getting rid of from its portfolio. Sprucegrove Investment Management Ltd closed its position in IPG Photonics Corp on 13th May 2024. It sold the previously owned 110,704 shares for $12 billion. Joe Dasilva also disclosed a decreased stake in CRH Plc by 0.1%. This leaves the value of the investment at $437 billion and 5,068,704 shares.

One of the largest hedge funds

The two most similar investment funds to Sprucegrove Investment Management Ltd are Scopus Asset Management, L.P. and Platinum Investment Management Ltd. They manage $2.47 trillion and $2.48 trillion respectively.

Joe Dasilva investment strategy

Sprucegrove Investment Management Ltd’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Materials — making up 17.7% of the total portfolio value. The fund focuses on investments in the Ireland as 3.0% of the portfolio companies are based in the Ireland.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 52% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $223 billion.

The complete list of Sprucegrove Investment Management Ltd trades based on 13F SEC filings

These positions were updated on May 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
CRH Plc	11.38% 5,068,704	$437,226,407,000	17.67%
Ryanair Hldgs Plc	2.25% 2,799,362	$407,559,114,000	16.47%
Samsung Electronic	0.11% 225,453	$335,248,611,000	13.55%
Copa Holdings	7.06% 2,849,339	$296,787,150,000	11.99%
Banco Bradesco S.A.	4.89% 73,941,201	$211,471,835,000	8.54%
Ambev Sa	2.30% 70,439,572	$174,690,139,000	7.06%
Toronto Dominion Bk	30.37% 1,324,200	$79,955,196,000	3.23%
Commercial Intl Bk	0.29% 30,363,382	$48,399,231,000	1.96%
Berkshire Hathaway Inc.	7.08% 75,611	$31,795,938,000	1.28%
Henry Schein Inc.	83.50% 404,591	$30,554,712,000	1.23%
Walt Disney Co (The)	17.61% 241,089	$29,499,650,000	1.19%
Markel Group Inc	50.57% 18,017	$27,412,505,000	1.11%
Price T Rowe Group	48.37% 223,302	$27,224,980,000	1.10%
Qualcomm, Inc.	168.93% 154,738	$26,197,143,000	1.06%
Meta Platforms Inc	14.42% 51,616	$25,063,697,000	1.01%
Donaldson Co. Inc.	109.28% 303,731	$22,682,631,000	0.92%
Intel Corp.	33.05% 503,244	$22,228,287,000	0.90%
Msc Indl Direct Inc	46.79% 224,320	$21,768,013,000	0.88%
Borg Warner Inc	59.51% 615,427	$21,379,934,000	0.86%
RTX Corp	21.07% 214,923	$20,961,440,000	0.85%
Biogen Inc	54.34% 96,855	$20,884,844,000	0.84%
Cullen Frost Bankers Inc.	19.63% 184,077	$20,721,548,000	0.84%
Wells Fargo & Co.	65.71% 304,127	$17,627,201,000	0.71%
Gentex Corp.	100.18% 482,962	$17,444,587,000	0.70%
Johnson & Johnson	98.47% 108,235	$17,121,695,000	0.69%
Gilead Sciences, Inc.	163.24% 231,566	$16,962,210,000	0.69%
C H Robinson Wldwide	0.68% 185,758	$14,143,614,000	0.57%
American Express Co.	10.20% 61,597	$14,025,021,000	0.57%
Becton Dickinson	292.67% 55,009	$13,611,977,000	0.55%
State Bk Of India	7.41% 146,195	$13,259,887,000	0.54%
IPG Photonics Corp	Closed 110,704	$12,015,812,000
Walgreens Boots Alnc	Closed 398,958	$10,416,793,000
Eagle Materials Inc.	Closed 37,970	$7,701,835,000
Exxon Mobil Corp.	0.74% 40,500	$4,707,720,000	0.19%
Martin Marietta Matl	Closed 8,775	$4,377,935,000
Alphabet Inc	9.61% 21,745	$3,281,973,000	0.13%
Taiwan Semiconductor	6.31% 21,900	$2,979,495,000	0.12%
No transactions found
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