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SPRUCEGROVE INVESTMENT MANAGEMENT LTD
CRD 106355File 801-45884
APPROVED
Retail clients
Custody
Filing as of Apr 9, 2026
Feed vintage Oct 1, 2026
Regulatory AUM
$11.53B
Top 10% of cohort (national)
Discretionary AUM
$11.53B
Clients
48
34 accounts
Employees
49
Identity & registration
ADV Item 1- Organization form
- Corporation
- Firm type
- Registered
- SEC region
- HQ
- Registration date
- Mar 15, 1994
- Principal office
- 181 UNIVERSITY AVENUE, SUITE 1300, TORONTO, ONTARIO, M5H 3M7
- Phone
- 416-363-5854
- Website
- HTTPS://WWW.SPRUCEGROVE.COM
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $11.53B
- Discretionary AUM
- $11.53B
- Non-discretionary AUM
- $0
- Discretionary accounts
- 34
- Non-discretionary accounts
- 0
- Total accounts
- 34
- AUM per client
- $240.3M
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Investment companies | 1 | $3.75B |
| Charitable organizations | Fewer than 5 | $669.5M |
| High net worth individuals | 12 | $30.1M |
| Pooled investment vehicles | 35 | $3.21B |
| Pension and profit sharing plans | Fewer than 5 | $104.9M |
| State or municipal government entities | Fewer than 5 | $3.77B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Performance-based fees
- A percentage of assets under your management
Advisory activities
- Portfolio management for businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
Custody
ADV Item 9- Firm Custody Cash
- No
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- No
- Related Person Custody Cash
- Yes
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- Yes
Disclosure events
ADV Item 11This firm answered no to every Item 11 disclosure question in this filing.
Filed changes
| Date | Field | From | To | Change |
|---|---|---|---|---|
| Aug 17, 2026 | Custody | No | Yes | |
| Apr 1, 2026 | Employees | 60 | 49 | decreased by11 |
| Apr 1, 2026 | Clients | 47 | 48 | increased by1 |
| Apr 1, 2026 | AUM | $15,384,784,118 | $11,534,579,739 | decreased by$3,850,204,379 |
| Apr 1, 2026 | Accounts | 47 | 34 | decreased by13 |
| May 1, 2025 vs Oct 1, 2022 | Employees | 57 | 60 | increased by3 |
| May 1, 2025 vs Oct 1, 2022 | Clients | 16 | 47 | increased by31 |
| May 1, 2025 vs Oct 1, 2022 | AUM | $24,478,465,979 | $15,384,784,118 | decreased by$9,093,681,861 |
| May 1, 2025 vs Oct 1, 2022 | Accounts | 22 | 47 | increased by25 |
| Apr 1, 2022 | Employees | 52 | 57 | increased by5 |
| Apr 1, 2022 | Clients | 42 | 16 | decreased by26 |
| Apr 1, 2022 | AUM | $22,523,970,963 | $24,478,465,979 | increased by$1,954,495,016 |
| Apr 1, 2022 | Accounts | 64 | 22 | decreased by42 |
| Jul 1, 2021 | Clients | 41 | 42 | increased by1 |
| Apr 1, 2021 | Registration | — | APPROVED |
On Form 5500, an adviser usually appears as a plan service provider (Schedule C), not the plan sponsor.
See plans that list “SPRUCEGROVE INVESTMENT” as a service provider on 5500mcp →Matched by name only — Form ADV and Form 5500 share no identifier, and names are searched loosely (“SPRUCEGROVE INVESTMENT” may also match similarly-named firms). Confirm identity against each filing.
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.