N-PORT filing recap · December 2022

What did Tweedy, Browne Value Fund buy in December 2022?

Reported stock-position changes between this filing and the previous one. These are Tweedy, Browne Value Fund's own holdings, not the firm's.

Stock value

$384.89M

Positions

Estimated turnover

17.4%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

FREFresenius SE & Co Kgaa$8.38Mreported value+301.1K shares RUIRubis Sca$4.48Mreported value+170.5K shares NOEJNorma Group SE$2.70Mreported value+150.0K shares GFTUGrafton Group Plc$1.17Mreported value+123.6K shares 4401Adeka Corp$1.03Mreported value+63.2K shares 4368Fuso Chemical Co Ltd$1.03Mreported value+40.2K shares ATEAlten SA$1.02Mreported value+8.2K shares

Increased positions

IONSIonis Pharmaceuticals, Inc.$7.19Mreported value+26.7K shares+16.3%DHLDhl Group$7.12Mreported value+5.0K shares+2.7%FDXFedex Corporation$6.09Mreported value+14.1K shares+67.0%BZUBuzzi Unicem Spa$3.07Mreported value+57.0K shares

Reduced positions

CNHCnh Industrial N.v.$11.35Mreported value-181.9K shares-20.4%AZOAutozone Inc$8.87Mreported value-2.6K shares-41.8%ROG.SWRoche Holding AG$7.92Mreported value-5.6K shares-18.1%INTCIntel Corp$1.90Mreported value-78.5K shares

Exited positions

9988Alibaba Group Holding Limited$4.52Mprior reported value-452.6K shares-100.0%GSKGsk Plc$3.97Mprior reported value-274.6K shares-100.0%700Tencent Holdings Ltd$3.74Mprior reported value-110.8K shares-100.0%FOXFox Corporation$3.57Mprior reported value-125.2K shares