Tweedy, Browne

Q2 2021 13F · by John Spears, portfolio manager

As of: Jun 30, 2021
Filed: Aug 12, 2021
US stock: $3.6B · prev $3.4B
Positions: 46 · prev 46
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%

Moves44 since the prior filing

+2.7 pp in · −2.7 pp out

New 0 0.00 pp
Added 2 +2.68 pp
Trimmed 42 −2.66 pp
Exited 0 0.00 pp

The book

Concentrated · behaves like 18 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 12% a year, about 8.7 years per position

Low
Moderate
High

Top 5 positions45% of US stock

BRK.A Berkshire Hathaway Inc. trimmed−0.46 pp trimmed−0.4610.7%
BABA Alibaba Group Holding Limited added+2.54 pp added+2.549.9%
GOOGL Alphabet Inc. Class A trimmed+1.04 pp trimmed+1.048.8%
GOOG Alphabet Inc. Class C trimmed+1.04 pp trimmed+1.048.1%
JNJ Johnson & Johnson trimmed−0.42 pp trimmed−0.428.0%

Positions46 in this filing · 0 exited


BRK.ABerkshire Hathaway Inc.	10.72%	912	$382M	trimmed−8%	−0.46 pp	2 q
BABAAlibaba Group Holding Limited	9.86%	1,547,316	$351M	added+40%	+2.54 pp	2 q
GOOGLAlphabet Inc. Class A	8.75%	127,560	$311M	trimmed−1%	+1.04 pp	2 q
GOOGAlphabet Inc. Class C	8.06%	114,540	$287M	trimmed−2%	+1.04 pp	2 q
JNJJohnson & Johnson	8.01%	1,730,200	$285M	trimmed−2%	−0.42 pp	2 q
BIDUBaidu, Inc.	5.58%	973,657	$199M	trimmed−0%	−0.61 pp	2 q
CSCOCisco Systems, Inc. (DE)	5.29%	3,555,515	$188M	trimmed−11%	−0.71 pp	2 q
KOFCoca-Cola FEMSA, S.A.B DE C.V	4.17%	2,805,906	$149M	trimmed−1%	+0.36 pp	2 q
AZOAutoZone, Inc.	3.68%	87,711	$131M	trimmed−2%	+0.01 pp	2 q
ALVAutoliv, Inc.	3.09%	1,125,938	$110M	trimmed−1%	+0.03 pp	2 q
WFCWells Fargo & Co.	2.87%	2,257,353	$102M	trimmed−5%	+0.18 pp	2 q
BNYBank of New York Mellon Corporation	2.74%	1,904,650	$98M	trimmed−35%	−1.31 pp	2 q
BACBank of America Corporation	2.24%	1,933,102	$80M	trimmed−1%	+0.04 pp	2 q
FOXFox Corporation Class B	2.23%	2,256,543	$79M	trimmed−10%	−0.33 pp	2 q
BRK.BBERKSHIRE HATHAWAY Class B	2.14%	273,546	$76M	trimmed−7%	−0.05 pp	2 q
MMM3M Company	1.96%	351,251	$70M	trimmed−5%	−0.11 pp	2 q
USBU.S. Bancorp	1.81%	1,129,228	$64M	trimmed−5%	−0.09 pp	2 q
CMCSAComcast Corp	1.80%	1,123,714	$64M	trimmed−2%	0.00 pp	2 q
TFCTruist Financial Corporation	1.32%	848,104	$47M	trimmed−2%	−0.15 pp	2 q
AXPAmerican Express Company	1.26%	272,355	$45M	trimmed−7%	+0.06 pp	2 q
ABBVAbbvie Inc.	1.24%	390,370	$44M	trimmed−0%	+0.01 pp	2 q
CSLCarlisle Companies, Inc.	1.20%	223,027	$43M	trimmed−2%	+0.11 pp	2 q
UNPUnion Pacific Corp.	1.09%	176,964	$39M	trimmed−1%	−0.06 pp	2 q
INTCIntel Corp	0.99%	630,969	$35M	trimmed−2%	−0.21 pp	2 q
DEODiageo plc	0.94%	174,340	$33M	trimmed−5%	+0.06 pp	2 q
unresolvedUnilever Spn.Adr 1:1	0.83%	504,880	$30M	trimmed−10%	−0.08 pp	2 q
EMREmerson Electric Co.	0.80%	295,256	$28M	trimmed−44%	−0.59 pp	2 q
MSMorgan Stanley	0.73%	282,035	$26M	trimmed−30%	−0.18 pp	2 q
FMSFresenius Medical Care AG	0.71%	604,964	$25M	added+14%	+0.14 pp	2 q
CNHCnh Industrial N.v.	0.52%	1,107,302	$19M	trimmed−11%	−0.05 pp	2 q
VZVerizon Communications	0.47%	296,926	$17M	trimmed−6%	−0.06 pp	2 q
CNXCConcentrix Corporation	0.44%	97,622	$16M	trimmed−4%	0.00 pp	2 q
COPConocoPhillips	0.43%	249,108	$15M	trimmed−1%	+0.04 pp	2 q
PGRProgressive Corporation	0.37%	135,183	$13M	trimmed−1%	−0.01 pp	2 q
NWLINational Western Life Group, Inc. Class A	0.31%	49,139	$11M	trimmed−0%	−0.05 pp	2 q
NVSNovartis AG	0.30%	115,403	$11M	trimmed−10%	−0.02 pp	2 q
TTENTotalenergies SE -spon ADR	0.26%	201,184	$9M	trimmed−9%	−0.04 pp	2 q
unresolvedGlaxosmithkline PLC	0.21%	188,915	$8M	trimmed−2%	+0.01 pp	2 q
PSXPhillips 66	0.15%	61,608	$5M	trimmed−2%	0.00 pp	2 q
BAXBaxter International Inc.	0.09%	41,516	$3M	trimmed−1%	−0.01 pp	2 q
EPDEnterprise Products Partners L.P.	0.09%	136,295	$3M	held	—	2 q
JEFJefferies Financial Group Inc.	0.09%	88,595	$3M	trimmed−11%	0.00 pp	2 q
AITApplied Industrial Technologies, Inc.	0.08%	32,890	$3M	trimmed−34%	−0.05 pp	2 q
ANATAmerican National Group, Inc.	0.06%	15,127	$2M	trimmed−1%	+0.01 pp	2 q
HSBCHSBC Holdings PLC	0.04%	45,137	$1M	trimmed−16%	−0.01 pp	2 q
CKXCKX Lands, Inc.	0.00%	10,600	$132,000	held	—	2 q