Tweedy, Browne

Q2 2013 13F · by Will Browne, portfolio manager

As of: Jun 30, 2013
Filed: Aug 9, 2013
US stock: $4.0B
Positions: 50
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves

First filing on record. Nothing to compare against.

The book

Focused · behaves like 23 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Turnover · first filing on record

Low
Moderate
High

Top 5 positions34% of US stock

JNJ Johnson & Johnson held held9.3%
CSCO Cisco Systems, Inc. (DE) held held6.7%
BSBR Banco Santander (Brasil) SA held held6.2%
HAL Halliburton Company held held5.8%
WFC Wells Fargo & Co. held held5.5%

Positions50 in this filing · 0 exited


JNJJohnson & Johnson	9.31%	4,339,144	$373M	held	—	new
CSCOCisco Systems, Inc. (DE)	6.73%	11,069,499	$269M	held	—	new
BSBRBanco Santander (Brasil) SA	6.21%	39,984,793	$249M	held	—	new
HALHalliburton Company	5.77%	5,537,542	$231M	held	—	new
WFCWells Fargo & Co.	5.51%	5,339,395	$220M	held	—	new
DVNDevon Energy Corporation	5.49%	4,236,700	$220M	held	—	new
BRK.ABerkshire Hathaway Inc.	4.99%	1,184	$200M	held	—	new
BAXBaxter International Inc.	4.51%	2,607,066	$181M	held	—	new
COPConocoPhillips	4.51%	2,982,565	$180M	held	—	new
PMPhilip Morris International Inc.	4.14%	1,911,076	$166M	held	—	new
unresolvedJoy Global Inc	4.06%	3,346,754	$162M	held	—	new
unresolvedGoogle Inc.	3.65%	165,975	$146M	held	—	new
BNYBank of New York Mellon Corporation	3.46%	4,937,028	$138M	held	—	new
EMREmerson Electric Co.	2.98%	2,189,087	$119M	held	—	new
MMM3M Company	2.92%	1,067,615	$117M	held	—	new
KOFCoca-Cola FEMSA, S.A.B DE C.V	2.71%	772,663	$108M	held	—	new
UNPUnion Pacific Corp.	2.71%	701,981	$108M	held	—	new
WMTWalmart Inc.	2.35%	1,264,270	$94M	held	—	new
TMKGlobe Life Inc.	1.61%	987,448	$64M	held	—	new
unresolvedComcast Corp. Spl Cl A	1.42%	1,434,659	$57M	held	—	new
MAMastercard Incorporated	1.30%	90,259	$52M	held	—	new
SYYSysco Corporation	1.26%	1,471,283	$50M	held	—	new
BRK.BBERKSHIRE HATHAWAY Class B	1.17%	417,263	$47M	held	—	new
PSXPhillips 66	1.07%	726,116	$43M	held	—	new
ANATAmerican National Insurance	1.02%	408,984	$41M	held	—	new
DEODiageo plc	0.98%	341,149	$39M	held	—	new
UNUnilever N V -ny Shares	0.97%	986,093	$39M	held	—	new
UNFUnifirst Corp	0.86%	377,713	$34M	held	—	new
unresolvedLeucadia National	0.62%	953,769	$25M	held	—	new
ITWIllinois Tool Works Inc.	0.61%	353,253	$24M	held	—	new
LMTLockheed Martin Corp.	0.57%	210,922	$23M	held	—	new
AXPAmerican Express Company	0.55%	293,591	$22M	held	—	new
NVSNovartis AG	0.52%	296,095	$21M	held	—	new
unresolvedNational Western Life Ins Co	0.51%	106,849	$20M	held	—	new
TTENTotalenergies SE -spon ADR	0.50%	408,453	$20M	held	—	new
USBU.S. Bancorp	0.49%	539,800	$20M	held	—	new
CNQCanadian Natural Resources Limited	0.47%	670,700	$19M	held	—	new
NOVNOV Inc.	0.34%	196,877	$14M	held	—	new
unresolvedUnilever Spn.Adr 1:1	0.29%	289,817	$12M	held	—	new
ADPAutomatic Data Processing	0.24%	141,914	$10M	held	—	new
HSBCHSBC Holdings PLC	0.22%	167,785	$9M	held	—	new
unresolvedGlaxosmithkline PLC	0.19%	151,090	$8M	held	—	new
RDS.ARoyal Dutch Shell PLC	0.09%	53,805	$3M	held	—	new
AJGArthur J. Gallagher & Co.	0.07%	63,723	$3M	held	—	new
FHIFederated Hermes, Inc.	0.02%	29,406	$806,000	held	—	new
SHENShenandoah Telecom Co	0.02%	39,840	$665,000	held	—	new
BROBrown & Brown, Inc.	0.01%	13,925	$449,000	held	—	new
CAJPYCanon Inc S/	0.01%	8,230	$271,000	held	—	new
XOMExxon Mobil Corp	0.01%	2,534	$229,000	held	—	new
unresolvedFisher Communications Inc.	0.01%	5,824	$239,000	held	—	new