Hedge Fund Database

SPRUCEGROVE INVESTMENT MANAGEMENT LTD

Adviser information for SPRUCEGROVE INVESTMENT MANAGEMENT LTD last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.

Advisory Business

Type of Organization Corporation
Fiscal Year End DECEMBER
Legal Location Canada

Employees

Total Number of Employees 60
Investment Advisory/Research 20
Registered Broker-Dealer Representatives 4
Registered State Investment Advisers 0
Licensed Agents of an Insurance Company 0
No. of Firms/People that Solicit Clients 0

RAUM

Provides Management of Securities Portfolios Yes
Type Accounts RAUM
Discretionary 53 $17.3B
Non-Discretionary 0 $0
Total 53 $17.3B

Clients

Type Number RAUM
Individuals 0 $0
HNW Individuals 13 $16.3M
Banking or thrift institutions 0 $0
Investment companies 9 $4.9B
Business development companies 0 $0
Pooled investment vehicles 31 $4.7B
Pension and profit sharing plans <5 $101.9M
Charitable organizations <5 $499.8M
State or municipal gov entities <5 $7.1B
Other investment advisers 0 $0
Insurance companies 0 $0
Sovereign wealth funds and foreign official institutions 0 $0
Corporations or other businesses 0 $0
Other 0 $0
Type Number
No. of Non-RAUM Clients 0
No. of Non-U.S. Clients 33

Services

Advisory Services Portfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients
Compensation % of AUMPerformance-based fees

Identifiers

SEC RIA File Number 801-45884
SEC ERA File Number 801-45884
SEC CIK Numbers 1234074
SEC CRD Numbers 106355
Legal Entity Identifier 549300ZC4JWUMN5DD754

Principal Office

181 UNIVERSITY AVENUE
SUITE 1300
TORONTO, ONTARIO
Canada
Monday - Friday, 9:00 AM TO 5:00 PM
Tel: 416-363-5854, Fax: 416-363-6803

Websites

www.sprucegrove.com www.linkedin.com/company/sprucegrove-investment-management-ltd./

Chief Compliance Officer

JOSEPH PAULO DASILVA
CHIEF ANTI MONEY LAUNDERING OFFICER. CHIEF PRIVACY OFFICER
181 UNIVERSITY AVENUE
SUITE 1300
TORONTO, ONTARIO
Canada
Tel: (416) 257-5114
(Full email address available in API data)

Regulatory Contact

ARJUN KUMAR
CHIEF EXECUTIVE OFFICER
181 UNIVERSITY AVE. STE 1300
TORONTO, ONTARIO
Canada
Tel: (416) 257-5115
(Full email address available in API data)

Industry Affiliates

None

Private Funds

Name Type Assets $USD Min Investment $USD No. Owners
SPRUCEGROVE ALL COUNTRY WORLD EX US POOLED FUND OTHER PRIVATE FUND $348.0M $5.0M 7
SPRUCEGROVE DELAWARE STATUTORY TRUST: SPRUCEGROVE U.S. INTERNATIONAL INVESTMENT FUND OTHER PRIVATE FUND $151.6M $5.0M 6

Control Persons

Name Type Entity Title Since Ownership
WOO, SHIRLEY Individual – DIRECTOR, MANAGING DIRECTOR & PORTFOLIO MANAGER 01/2013 10-25%
MEHTA, SUBHASH Individual – DIRECTOR, MANAGING DIRECTOR 01/2006 10-25%
KUMAR, ARJUN Individual – CHIEF EXECUTIVE OFFICER, DIRECTOR, MANAGING DIRECTOR & PORTFOLIO MANAGER 01/2022 10-25%
CHOI, KI-SE Individual – CHIEF FINANCIAL OFFICER 12/2016 < 5%
JAMAL, TASLEEM Individual – EXECUTIVE VICE PRESIDENT, HEAD OF MARKETING & CLIENT SERVICES 08/2010 5-10%
DASILVA, JOSEPH, PAULO Individual – CHIEF COMPLIANCE OFFICER 11/2019 < 5%
GAULD, JEREMY, EDWARD Individual – CHIEF LEGAL OFFICER 10/2020 < 5%
SINGER, JONATHAN, JOSEPH Individual – ASSISTANT PORTFOLIO MANAGER & RESEARCH DIRECTOR 04/2020 5-10%
Searle, Erik Individual – MANAGER, HEAD EQUITY TRADER 07/2022 5-10%

No. Employees, Historic

60300201920202021202220232024202540 on 11/1/201944 on 3/17/202044 on 9/9/202044 on 9/9/202052 on 3/26/202152 on 4/28/202152 on 6/10/202157 on 3/28/202257 on 9/14/202258 on 3/29/202358 on 3/31/202360 on 3/28/2024

RAUM, Historic

30B15B0201920202021202220232024202512876589348 on 11/1/201915044674454 on 3/17/202015044674454 on 9/9/202015044674454 on 9/9/202022523970963 on 3/26/202122523970963 on 4/28/202122523970963 on 6/10/202124478465979 on 3/28/202224478465979 on 9/14/202216802181941 on 3/29/202316802181941 on 3/31/202317279585944 on 3/28/2024

No. Clients, Historic

60300201920202021202220232024202550 on 11/1/201951 on 3/17/202051 on 9/9/202051 on 9/9/202041 on 3/26/202141 on 4/28/202142 on 6/10/202116 on 3/28/202216 on 9/14/202218 on 3/29/202318 on 3/31/202353 on 3/28/2024

Holdings

From latest 13F, filed August 12th, 2024 for period ending June 30th, 2024
Name Class Value $USD # Shares Private Fund
ALPHABET INC CLASS A 4M 22K –
AMBEV SA ADR REP 1 COM SHS 144M 70M –
AMERICAN EXPRESS CO COMMON 14M 62K –
BANCO BRADESCO S A ADR (1 PFD) 163M 73M –
BECTON DICKINSON COMMON 13M 56K –
BERKSHIRE HATHAWAY CLASS B 31M 76K –
BIOGEN INC COMMON 23M 98K –
BORG WARNER INC COMMON 20M 624K –
C H ROBINSON WLDWIDE COMMON 17M 188K –
COMMERCIAL INTL BK GDR REP 1 ORD EGP10 45M 30M –
COPA HOLDINGS CLASS A 294M 3M –
CULLEN FROST BANKERS COMMON 19M 187K –
DONALDSON INC COMMON 22M 308K –
EXXON MOBIL CORP COMMON 3M 30K –
GENTEX CORP COMMON 16M 489K –
GILEAD SCIENCES INC COMMON 19M 270K –
HENRY SCHEIN INC COM 26M 410K –
INTEL CORP COMMON 18M 584K –
JOHNSON & JOHNSON COMMON 16M 110K –
MARKEL GROUP INC COMMON 29M 18K –
META PLATFORMS INC COM USD0.000006 CL A 25M 50K –
MSC INDL DIRECT INC CLASS A 19M 240K –
PRICE T ROWE GROUP COM 26M 227K –
QUALCOMM INC COMMON 31M 157K –
RTX CORPORATION COM USD1 22M 218K –
RYANAIR HLDGS PLC ADR EACH REPR 5 ORD 369M 3M –
SAMSUNG ELECTRONIC GDR REP 1/2 ORD REGS 334M 226K –
SNAP-ON INC COMMON 2M 8K –
TORONTO DOMINION BK COMMON 107M 2M –
WALT DISNEY CO COM 24M 243K –
WELLS FARGO & CO COMMON 18M 308K –
STATE BK OF INDIA GDR(2 INR10 REG S) 12M 118K –
TAIWAN SEMICONDUCTOR SP ADR (5 ORD) 3M 20K –