Sprucegrove Investment Management Ltd Portfolio Changes: Significant Sells in Q2 2026

As of June 30th, 2026, Sprucegrove Investment Management Ltd managed a total portfolio value of $511.49 million.

The investor's activity this quarter was dominated by selling existing positions rather than adding new ones or acquiring significant stakes in previously held stocks. Several holdings experienced substantial reductions:

• RYAAY (Ryanair Holdings PLC), a key Industrial holding, saw its shares decrease by approximately -11.02%.
• The largest reduction in absolute terms was observed for the unknown sector holding with symbol P31076105, which experienced a -14.56% change.
• GNTX (Gentex Corp) was sold down by about -47.37%, representing a significant portion of its portfolio value for this stock.
• BF-B (Brown-Forman Corp), classified under Consumer Defensive, was reduced by -46.07%.
• WFC (Wells Fargo & Co) in the Financial Services sector saw a reduction of about -57.65%.
• TROW (Price T Rowe Group), another Financial Services holding, was reduced by approximately -60.07%.
• QCOM (Qualcomm Inc) experienced a substantial reduction of about -52.35%, indicating significant selling activity.
• CFR (Cullen Frost Bankers), in the Financial Services sector, was reduced by approximately -50.14%.
• GILD (Gilead Sciences Inc) saw its position decrease by about -50.13%.
• JNJ, a major holding in the Healthcare sector, was notably reduced by this investor.

These changes reflect a clear pattern of divestment across various sectors during Q2 2026. The significant reductions observed for several stocks suggest that Sprucegrove Investment Management Ltd is strategically adjusting its portfolio at the moment.

In contrast to these selling activities, there were no disclosed purchases or increases in existing positions this quarter according to the available data.