Sprucegrove Insights

Blocking and Tackling

At the outset of the COVID-19 epidemic, market volatility provided us with a unique opportunity to invest in quality companies at valuations unseen for over a decade. We initiated positions in eight names in the first quarter of 2020, an unprecedented pace over our...

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Quality in Emerging Markets

Our Working List is our “inventory” of roughly 400 companies, fully vetted as quality names that we would be keen to own, provided valuations are attractive. With respect to Emerging Market (“EM”) names on our Working List, this has increased from 39 companies five...

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Diageo’s Valuations over the Decades

Sprucegrove’s inventory of investable candidates, our Working List, is comprised of roughly 400 companies fully vetted by our investment research team as high-quality names we would be pleased to own, provided valuations are attractive. Projected Return on Equity is...

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