Sprucegrove Investment Management Ltd
- Regulatory AUM
- $11.5B
- Discretionary
- $11.5B
- Clients
- 48
- Avg AUM / client
- $240M
- Accounts
- 34
- Employees
- 49
AUM over time
Annual snapshots from Form ADV filings · as of Apr 09, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 12 | $30.1M | 0.26% |
| Investment companies | 1 | $3.8B | 32.5% |
| Pooled investment vehicles (non-investment companies) | 35 | $3.2B | 27.8% |
| Pension and profit sharing plans | Fewer than 5 clients | $105M | 0.91% |
| Charitable organizations | Fewer than 5 clients | $669M | 5.8% |
| State or municipal government entities | Fewer than 5 clients | $3.8B | 32.7% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $500M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Sprucegrove All Country World Ex Us Pooled Fund | Other Private Fund | Delaware | $348M | 7 |
| Sprucegrove Delaware Statutory Trust: Sprucegrove U.S. International Investment Fund | Other Private Fund | Delaware | $152M | 6 |
People (11)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Mehta, Subhash | Senior Investment Analyst | Jan 2006 (21y) | 10% – 25% | |
| Jamal, Tasleem | Executive Vice President, Head Of Marketing & Client Services | Aug 2010 (16y) | 5% – 10% | |
| Woo, Shirley | Director, Managing Director & Portfolio Manager | Jan 2013 (14y) | 10% – 25% | |
| Choi, Ki Se | Chief Financial Officer | Dec 2016 (10y) | Less than 5% | |
| Dasilva, Joseph, Paulo | Chief Compliance Officer | Nov 2019 (7y) | Less than 5% | |
| Singer, Jonathan, Joseph | Assistant Portfolio Manager & Research Director | Apr 2020 (6y) | 5% – 10% | |
| Gauld, Jeremy, Edward | Chief Legal Officer | Oct 2020 (6y) | Less than 5% | |
| Kumar, Arjun | Chief Executive Officer, Director, Managing Director & Portfolio Manager | Jan 2022 (5y) | 10% – 25% | |
| Searle, Erik | Manager, Head Equity Trader | Jul 2022 (4y) | 5% – 10% | |
| Botting, Harvey, Thomas | Independent Director | May 2024 (2y) | Less than 5% | |
| Buckley, George, William | Independent Director | May 2024 (2y) | Less than 5% |
Undisclosed: 0% – 55% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $500M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Sprucegrove All Country World Ex Us Pooled Fund | Other Private Fund | $348M | $5.0M | 7 |
| Sprucegrove Delaware Statutory Trust: Sprucegrove U.S. International Investment Fund | Other Private Fund | $152M | $5.0M | 6 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/09/2026 | 1.7 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $3.8B (33% of AUM) Apr 2026
- J.P. Morgan $3.8B (33% of AUM) Apr 2026
- BNY Mellon $669M (6% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 09, 2026.
View current Form ADV (SEC/IAPD) ↗