Tweedy, Browne

Q2 2026 13F · by John Spears, portfolio manager

As of: Jun 30, 2026
Filed: Aug 7, 2026
US stock: $1.3B · prev $1.3B
Positions: 91 · prev 93
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%

Moves103 since the prior filing

+6.3 pp in · −6.2 pp out

New 13 +4.85 pp
Added 41 +1.41 pp
Trimmed 34 −2.58 pp
Exited 15 −3.60 pp

The book

Concentrated · behaves like 13 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 25% a year, about 4.0 years per position

Low
Moderate
High

Top 5 positions52% of US stock

Positions91 in this filing · 15 exited


CNHCnh Industrial N.v.	17.11%	20,115,883	$226M	trimmed−0%	−0.50 pp	22 q
IONSIonis Pharmaceuticals, Inc.	13.70%	2,280,311	$181M	added0%	+0.13 pp	18 q
KOFCoca-Cola FEMSA, S.A.B DE C.V	9.34%	1,160,570	$123M	trimmed−1%	+0.27 pp	22 q
BRK.ABerkshire Hathaway Inc.	8.17%	144	$108M	held	—	22 q
JNJJohnson & Johnson	3.88%	201,644	$51M	trimmed−8%	−0.38 pp	22 q
GOOGLAlphabet Inc. Class A	3.83%	141,282	$50M	trimmed−29%	−0.70 pp	22 q
BRK.BBERKSHIRE HATHAWAY Class B	3.70%	97,625	$49M	added0%	−0.01 pp	22 q
ALVAutoliv, Inc.	3.37%	383,314	$45M	trimmed−0%	+0.17 pp	22 q
WFCWells Fargo & Co.	3.11%	497,011	$41M	trimmed−4%	−0.15 pp	22 q
ZTSZoetis Inc.	3.03%	556,056	$40M	new	+3.03 pp	new
NVSTEnvista Holdings Corporation, $0.01 par value per share	2.87%	1,435,248	$38M	trimmed−0%	−0.03 pp	10 q
TFCTruist Financial Corporation	2.06%	546,256	$27M	trimmed−2%	+0.02 pp	22 q
UNFUnifirst Corp	2.03%	101,553	$27M	trimmed−0%	0.00 pp	3 q
UHAL.BU-Haul Holding Company	2.02%	462,827	$27M	trimmed−0%	+0.38 pp	13 q
AXPAmerican Express Company	1.61%	62,719	$21M	trimmed−0%	+0.10 pp	17 q
BACBank of America Corporation	1.57%	364,776	$21M	trimmed−0%	+0.16 pp	22 q
VRTXVertex Pharmaceuticals Inc	1.51%	40,121	$20M	trimmed−1%	+0.08 pp	12 q
AZOAutoZone, Inc.	1.34%	5,530	$18M	trimmed−0%	−0.15 pp	22 q
BNYBank of New York Mellon Corporation	1.12%	102,246	$15M	trimmed−6%	+0.09 pp	22 q
JAZZJazz Pharmaceuticals, Inc.	1.10%	60,149	$14M	trimmed−0%	+0.20 pp	2 q
NVSNovartis AG	0.84%	71,125	$11M	trimmed−0%	−0.03 pp	22 q
USBU.S. Bancorp	0.83%	181,896	$11M	trimmed−1%	+0.07 pp	22 q
DEODiageo plc	0.77%	126,176	$10M	trimmed−0%	+0.02 pp	22 q
TTETotalEnergies SE	0.69%	117,108	$9M	trimmed−0%	−0.16 pp	3 q
UNPUnion Pacific Corp.	0.40%	19,185	$5M	held	—	22 q
DISThe Walt Disney Company	0.33%	44,975	$4M	new	+0.33 pp	new
GSKGSK plc	0.32%	81,527	$4M	trimmed−0%	−0.04 pp	15 q
GLGlobe Life Inc.	0.30%	22,364	$4M	trimmed−20%	−0.01 pp	8 q
KTKT Corp.	0.29%	222,892	$4M	added+33%	+0.01 pp	6 q
BNSBank of Nova Scotia	0.28%	42,479	$4M	new	+0.28 pp	new
CSCOCisco Systems, Inc. (DE)	0.26%	29,397	$3M	trimmed−47%	−0.08 pp	22 q
FDXFedEx Corporation	0.26%	10,774	$3M	trimmed−85%	−1.83 pp	17 q
COPConocoPhillips	0.25%	32,137	$3M	added+5%	−0.07 pp	22 q
PNCPNC Financial Services Group	0.25%	13,214	$3M	added+40%	+0.09 pp	4 q
PGRProgressive Corporation	0.23%	13,711	$3M	held	—	22 q
GIIIG-Iii Apparel Group Ltd	0.22%	85,600	$3M	added+42%	+0.09 pp	4 q
ULUnilever plc	0.22%	49,084	$3M	trimmed−5%	−0.01 pp	3 q
ARWArrow Electronics, Inc.	0.21%	12,839	$3M	added+10%	+0.08 pp	5 q
DINOHF Sinclair Corporation	0.21%	38,922	$3M	added+31%	+0.06 pp	5 q
HAFNHafnia Limited	0.21%	414,383	$3M	added+10%	−0.02 pp	6 q
ARLPAlliance Resource Partners LP	0.20%	111,658	$3M	added+54%	+0.04 pp	6 q
REZIResideo Technologies, Inc.	0.20%	84,748	$3M	added+15%	0.00 pp	5 q
ALSNAllison Transmission Holdings, Inc.	0.19%	21,791	$2M	added+38%	+0.04 pp	4 q
ELVElevance Health, Inc.	0.19%	6,417	$2M	added+34%	+0.08 pp	4 q
EVTCEvertec, Inc.	0.19%	88,487	$2M	new	+0.19 pp	new
VSNTVersant Media Group, Inc. Class A	0.19%	69,343	$2M	added+84%	+0.08 pp	2 q
CROXCrocs, Inc.	0.18%	19,181	$2M	added+37%	+0.09 pp	5 q
NTRNutrien Ltd.	0.18%	37,327	$2M	added+9%	−0.02 pp	5 q
ALLYAlly Financial Inc.	0.16%	47,288	$2M	added+41%	+0.06 pp	2 q
ABGAsbury Automotive Group, Inc.	0.16%	10,305	$2M	added+42%	+0.05 pp	2 q
BMYBristol-Myers Squibb Co.	0.16%	37,570	$2M	added+44%	+0.03 pp	5 q
CIThe Cigna Group	0.16%	7,644	$2M	added+42%	+0.05 pp	2 q
HTLDHeartland Express Inc	0.16%	138,119	$2M	added+9%	+0.06 pp	6 q
LULUlululemon athletica inc.	0.16%	17,963	$2M	new	+0.16 pp	new
PSXPhillips 66	0.16%	12,282	$2M	trimmed−1%	−0.02 pp	22 q
WUThe Western Union Company	0.16%	272,476	$2M	added+57%	+0.04 pp	4 q
CAGConagra Brands, Inc.	0.15%	146,196	$2M	new	+0.15 pp	new
SIRISirius XM Holdings, Inc	0.15%	66,492	$2M	added+42%	+0.06 pp	5 q
THOThor Industries, Inc.	0.15%	26,526	$2M	new	+0.15 pp	new
TDWTidewater, Inc.	0.15%	29,555	$2M	added+14%	−0.02 pp	5 q
MTDRMatador Resources Company	0.14%	37,901	$2M	added+34%	0.00 pp	5 q
UPSUnited Parcel Service, Inc. Class B	0.14%	16,630	$2M	added+7%	+0.02 pp	4 q
AAPAdvance Auto Parts Inc	0.13%	27,118	$2M	added+12%	+0.03 pp	5 q
BLDRBuilders FirstSource, Inc.	0.13%	19,598	$2M	new	+0.13 pp	new
HPHelmerich & Payne, Inc.	0.13%	52,236	$2M	added+8%	−0.01 pp	5 q
TAPMolson Coors Beverage Company Class B	0.13%	44,702	$2M	added+41%	+0.02 pp	3 q
SHOEShoe Station Group, Inc.	0.13%	116,763	$2M	new	+0.13 pp	new
UNHUNITEDHEALTH GROUP INCORPORATED (Delaware)	0.13%	4,089	$2M	added+12%	+0.05 pp	5 q
GLOBGlobant S.a.	0.13%	61,306	$2M	new	+0.13 pp	new
EFOREverforth, Inc.	0.12%	87,577	$2M	new	+0.12 pp	new
BZHBeazer Homes USA, Inc. New	0.12%	54,435	$2M	added+8%	+0.04 pp	5 q
CNCCentene Corporation	0.12%	25,121	$2M	added+33%	+0.07 pp	5 q
LKQLKQ Corporation	0.12%	62,066	$2M	added+46%	+0.02 pp	2 q
LWLamb Weston Holdings, Inc.	0.12%	37,275	$2M	added+44%	+0.03 pp	5 q
DVNDevon Energy Corporation	0.11%	34,147	$1M	added+33%	+0.01 pp	5 q
KVUEKenvue Inc.	0.11%	72,949	$1M	added+78%	+0.05 pp	12 q
LPGDorian Lpg Ltd	0.11%	39,902	$1M	added+12%	+0.01 pp	5 q
AMNAMN Healthcare Services	0.09%	37,299	$1M	added+33%	+0.05 pp	4 q
BSMBlack Stone Minerals, L.P.	0.09%	83,530	$1M	added+8%	0.00 pp	5 q
EMREmerson Electric Co.	0.09%	8,743	$1M	trimmed−2%	0.00 pp	22 q
VZVerizon Communications	0.08%	23,878	$1M	trimmed−0%	−0.02 pp	22 q
CMCSAComcast Corp	0.06%	31,330	$769,152	trimmed−1%	−0.01 pp	22 q
HLNHaleon plc	0.05%	72,035	$672,087	trimmed−1%	−0.01 pp	16 q
OECOrion S.A.	0.05%	90,520	$600,148	added+48%	+0.02 pp	5 q
FMCFMC Corporation	0.04%	43,935	$505,253	added+42%	0.00 pp	20 q
BABAAlibaba Group Holding Limited	0.03%	3,960	$380,081	trimmed−2%	−0.01 pp	22 q
FDXFFedEx Freight Holding Company, Inc.	0.03%	2,206	$333,031	new	+0.03 pp	new
BAXBaxter International Inc.	0.02%	9,479	$202,092	trimmed−3%	0.00 pp	22 q
CNXCConcentrix Corporation	0.02%	13,431	$300,922	trimmed−1%	−0.01 pp	22 q
INTCIntel Corp	0.02%	1,500	$209,445	new	+0.02 pp	new
MICCThe Magnum Ice Cream Company N.V.	0.02%	11,654	$202,896	trimmed−3%	+0.01 pp	3 q
SEESealed Air Corp New	—	−509,581	—	exited	−1.43 pp	—
SNEXStoneX Group Inc.	—	−54,035	—	exited	−0.35 pp	—
NENoble Corporation plc	—	−54,434	—	exited	−0.21 pp	—
TRMDTORM plc Class A	—	−92,911	—	exited	−0.21 pp	—
BFHBread Financial Holdings, Inc.	—	−31,262	—	exited	−0.19 pp	—
HCIHCI Group, Inc.	—	−10,906	—	exited	−0.17 pp	—
ZIONZions Bancorporation N.A.	—	−37,877	—	exited	−0.17 pp	—
AGCOAGCO Corporation	—	−16,647	—	exited	−0.15 pp	—
EPDEnterprise Products Partners L.P.	—	−51,549	—	exited	−0.15 pp	—
FIBKFirst Interstate BancSystem, Inc. (DE)	—	−49,370	—	exited	−0.13 pp	—
TSNTyson Foods, Inc.	—	−26,123	—	exited	−0.13 pp	—
SFNCSimmons First National Corp	—	−77,193	—	exited	−0.12 pp	—
CVSCvs Health Corporation	—	−19,132	—	exited	−0.11 pp	—
EMBCEmbecta Corp.	—	−75,356	—	exited	−0.05 pp	—
PSECProspect Capital Corporation	—	−162,953	—	exited	−0.03 pp	—