0001193125-12-032033.txt : 20120131
0001193125-12-032033.hdr.sgml : 20120131
20120131160324
ACCESSION NUMBER: 0001193125-12-032033
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20111231
FILED AS OF DATE: 20120131
DATE AS OF CHANGE: 20120131
EFFECTIVENESS DATE: 20120131
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: SPRUCEGROVE INVESTMENT MANAGEMENT LTD
CENTRAL INDEX KEY: 0001234074
IRS NUMBER: 000000000
STATE OF INCORPORATION: A6
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-11833
FILM NUMBER: 12559299
BUSINESS ADDRESS:
STREET 1: 181 UNIVERSITY AVE
STREET 2: STE 1300
CITY: TORONTO
STATE: A6
ZIP: M5H 3M7
BUSINESS PHONE: 416-363-5854
MAIL ADDRESS:
STREET 1: 181 UNIVERSITY AVE
STREET 2: STE 1300
CITY: TORONTO
STATE: A6
ZIP: M5H 3M7
13F-HR
1
d292663d13fhr.txt
13F-HR
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13 F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2011
Check here if Amendment [ ]; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Sprucegrove Investment Management Ltd.
Address: 181 University Avenue, Suite 1300
Toronto, Ontario, Canada
M5H 3M7
Form 13F File Number: 28-11833
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Blake Murphy
Title: Chief Operating Officer
Phone: (416) 363-5854 x222
Signature, Place, and Date of Signing:
/s/ Blake Murphy Toronto, Ontario January 30, 2012
------------------ ------------------ -----------------
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and all
holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 1
Form 13F Information Table Entry Total: 91
Form 13F Information Table Value Total: $ 3,998,863 (thousands)
List of Other Included Managers:
Leith Wheeler Investment Counsel Ltd.
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
No. Form 13F File Number Name
1 28-______________________ Leith Wheeler Investment Counsel Ltd.
[Repeat as necessary.]
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- ------------------- --------- ---------- --------- --- ---- ---------- -------- --------- ------ ---------
3M COMPANY COMMON 88579Y101 51,549.56 630,730 DEFINED 630,730
3M COMPANY COMMON 88579Y101 111,880.20 1,368,900 SOLE 1,198,700 170,200
AMERICAN EXPRESS CO COMMON 025816109 4,268.89 90,500 DEFINED 90,500
AMERICAN EXPRESS CO COMMON 025816109 9,957.59 211,100 SOLE 185,800 25,300
APACHE CORP COMMON 037411105 37,858.36 417,955 DEFINED 417,955
APACHE CORP COMMON 037411105 86,526.55 955,250 SOLE 630,450 324,800
BEAM INC COMMON STOCK 073730103 25,871.15 505,000 DEFINED 505,000
BEAM INC COMMON STOCK 073730103 7,971.39 155,600 SOLE 155,600 --
BECTON DICKINSON COMMON 075887109 33,597.10 449,640 DEFINED 449,640
BECTON DICKINSON COMMON 075887109 64,939.15 869,100 SOLE 808,300 60,800
BEMIS INC COMMON 081437105 26,921.60 895,000 DEFINED 895,000
BEMIS INC COMMON 081437105 46,160.17 1,534,580 SOLE 1,356,380 178,200
BERKSHIRE HATHAWAY CLASS B 084670702 34,458.22 451,615 DEFINED 451,615
BERKSHIRE HATHAWAY CLASS B 084670702 74,260.50 973,270 SOLE 852,490 120,780
BROWN FORMAN CORP CLASS B 115637209 5,072.13 63,000 DEFINED 63,000
BROWN FORMAN CORP CLASS B 115637209 1,606.17 19,950 SOLE 19,950 --
CARNIVAL CORP COMMON 143658300 34,677.55 1,062,425 DEFINED 1,062,425
CARNIVAL CORP COMMON 143658300 80,367.32 2,462,234 SOLE 2,158,128 304,106
COCA-COLA CO COMMON 191216100 40,834.49 583,600 DEFINED 583,600
COCA-COLA CO COMMON 191216100 70,200.90 1,003,300 SOLE 886,300 117,000
CRANE CO COMMON 224399105 5,602.86 119,950 DEFINED 119,950
CRANE CO COMMON 224399105 11,741.31 251,366 SOLE 218,856 32,510
DENBURY RES INC COMMON 247916208 5,604.37 371,150 DEFINED 371,150
DENBURY RES INC COMMON 247916208 14,515.63 961,300 SOLE 842,200 119,100
DENTSPLY INTL INC COMMON 249030107 5,808.34 166,000 DEFINED 166,000
DENTSPLY INTL INC COMMON 249030107 16,042.53 458,489 SOLE 401,189 57,300
EAGLE MATERIALS COMMON 26969P108 5,219.24 203,400 DEFINED 203,400
EAGLE MATERIALS COMMON 26969P108 10,185.12 396,926 SOLE 345,726 51,200
EMERSON ELEC CO COMMON 291011104 2,296.89 49,300 DEFINED 49,300
EMERSON ELEC CO COMMON 291011104 10,263.78 220,300 SOLE 191,300 29,000
FRTNE BRNDS HOME&SEC COMMON 34964C106 8,629.10 506,700 DEFINED 506,700
FRTNE BRNDS HOME&SEC COMMON 34964C106 2,649.87 155,600 SOLE 155,600 --
GANNETT INC COMMON 364730101 27,176.53 2,032,650 DEFINED 2,032,650
GANNETT INC COMMON 364730101 40,160.94 3,003,810 SOLE 2,672,220 331,590
GENERAL DYNAMICS COMMON 369550108 2,257.94 34,000 DEFINED 34,000
GENERAL DYNAMICS COMMON 369550108 9,317.32 140,300 SOLE 128,900 11,400
GOOGLE INC CLASS A 38259P508 3,828.90 5,928 DEFINED 5,928
GOOGLE INC CLASS A 38259P508 14,301.52 22,142 SOLE 19,439 2,703
GRANITE CONSTR INC COMMON 387328107 6,326.12 266,700 DEFINED 266,700
GRANITE CONSTR INC COMMON 387328107 9,286.38 391,500 SOLE 342,400 49,100
HEARTLAND EXPRESS IN COMMON 422347104 7,656.18 535,772 DEFINED 535,772
HEARTLAND EXPRESS IN COMMON 422347104 1,514.35 105,973 SOLE 105,973 --
HUBBELL INC CLASS B 443510201 19,815.97 296,380 DEFINED 296,380
HUBBELL INC CLASS B 443510201 44,395.04 664,000 SOLE 582,600 81,400
INTEL CORP COMMON 458140100 26,733.56 1,102,415 DEFINED 1,102,415
INTEL CORP COMMON 458140100 51,602.55 2,127,940 SOLE 1,872,420 255,520
JOHNSON & JOHNSON COMMON 478160104 58,741.32 895,720 DEFINED 895,720
JOHNSON & JOHNSON COMMON 478160104 115,525.73 1,761,600 SOLE 1,642,100 119,500
LENNAR CORP CLASS B 526057302 7,617.84 488,950 DEFINED 488,950
LENNAR CORP CLASS B 526057302 1,889.20 121,258 SOLE 121,258 --
MARKEL CORP COMMON 570535104 63,118.58 152,214 DEFINED 152,214
MARKEL CORP COMMON 570535104 142,811.93 344,399 SOLE 301,233 43,166
MARTIN MARIETTA MATL COMMON 573284106 6,172.46 81,852 DEFINED 81,852
MARTIN MARIETTA MATL COMMON 573284106 15,911.51 211,000 SOLE 184,600 26,400
MDU RES GROUP INC COMMON 552690109 36,964.85 1,722,500 DEFINED 1,722,500
MDU RES GROUP INC COMMON 552690109 54,270.19 2,528,900 SOLE 2,243,300 285,600
MERCK & CO INC COMMON 58933Y105 45,898.81 1,217,475 DEFINED 1,217,475
MERCK & CO INC COMMON 58933Y105 93,299.96 2,474,800 SOLE 2,301,900 172,900
MICROSOFT CORP COMMON 594918104 44,810.13 1,726,122 DEFINED 1,726,122
MICROSOFT CORP COMMON 594918104 76,286.06 2,938,600 SOLE 2,589,900 348,700
NABORS INDS LTD COMMON G6359F103 25,196.75 1,453,100 DEFINED 1,453,100
NABORS INDS LTD COMMON G6359F103 52,007.86 2,999,300 SOLE 2,629,900 369,400
PETROLEO BRASILEIRO ADR(2 ORD SHRS) 71654V408 175,085.10 7,045,678 SOLE 5,671,978 1,373,700
PFIZER INC COMMON 717081103 47,610.42 2,200,112 DEFINED 2,200,112
PFIZER INC COMMON 717081103 100,378.87 4,638,580 SOLE 4,324,960 313,620
POSCO ADR(0.25 ORD SHRS) 693483109 128,150.55 1,560,908 SOLE 1,284,088 276,820
PROCTER & GAMBLE CO COMMON 742718109 53,582.27 803,212 DEFINED 803,212
PROCTER & GAMBLE CO COMMON 742718109 100,378.54 1,504,700 SOLE 1,323,000 181,700
ROCKWELL COLLINS INC COMMON 774341101 3,781.77 68,300 DEFINED 68,300
ROCKWELL COLLINS INC COMMON 774341101 12,441.64 224,700 SOLE 206,800 17,900
RYANAIR HLDGS SP ADR (5 ORD) 783513104 211,421.46 7,588,710 SOLE 6,364,810 1,223,900
SAMSUNG ELECTRS LTD GDR 144A (0.5 ORD) 796050888 378,171.77 823,543 SOLE 677,083 146,460
SIGNET JEWELERS LT SHS G81276100 64,158.17 1,459,467 SOLE 794,817 664,650
VOTING AUTHORITY
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER
NAME OF ISSUER TITLE OF CLASS CUSIP (X1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
-------------- -------------- --------- ------------ ----------- --- ---- ---------- -------- --------- ------ -------
SIMPSON MANUFACTURIN COMMON 829073105 1,952.28 58,000 DEFINED 58,000
SIMPSON MANUFACTURIN COMMON 829073105 477.97 14,200 SOLE 14,200 --
SYSCO CORP COMMON 871829107 30,726.11 1,047,600 DEFINED 1,047,600
SYSCO CORP COMMON 871829107 55,656.61 1,897,600 SOLE 1,671,600 226,000
TELLABS INC COMMON 879664100 14,678.73 3,633,350 DEFINED 3,633,350
TELLABS INC COMMON 879664100 24,680.76 6,109,100 SOLE 5,443,352 665,748
TIDEWATER INC COMMON 886423102 40,132.67 814,050 DEFINED 814,050
TIDEWATER INC COMMON 886423102 76,484.02 1,551,400 SOLE 1,368,334 183,066
UNITED TECHNOLOGIES COMMON 913017109 9,498.05 129,950 DEFINED 129,950
UNITED TECHNOLOGIES COMMON 913017109 23,001.42 314,700 SOLE 290,300 24,400
WALGREEN CO COMMON 931422109 41,215.90 1,246,700 DEFINED 1,246,700
WALGREEN CO COMMON 931422109 88,280.12 2,670,300 SOLE 2,346,100 324,200
WALT DISNEY CO COMMON 254687106 10,492.50 279,800 DEFINED 279,800
WALT DISNEY CO COMMON 254687106 27,180.00 724,800 SOLE 630,500 94,300
WASHINGTON FED INC COMMON 938824109 25,035.11 1,789,500 DEFINED 1,789,500
WASHINGTON FED INC COMMON 938824109 57,320.88 4,097,275 SOLE 3,591,195 506,080
WELLS FARGO & CO COMMON 949746101 48,574.80 1,762,511 DEFINED 1,762,511
WELLS FARGO & CO COMMON 949746101 95,880.14 3,478,960 SOLE 3,044,260 434,700
3,998,863.13 109,948,236