N-PORT filing recap · September 2025

What did Tweedy, Browne Value Fund buy in September 2025?

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

$423.02M

Positions

Estimated turnover

7.6%

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.

Period in review

Tweedy, Browne Value Fund opened new positions in Breedon Group, Sodexo, and Berkeley Group Holdings, while exiting Chow Sang Sang Holdings International, Luk Fook Holdings International, and Lx Holdings. The fund trimmed Alphabet, Bae Systems, and Autozone, and substantially reduced Rheinmetall and Brenntag. It also added to Azelis Group and Dentium, and increased its Johnson Service Group stake.

New positions

BREEBreedon Group Plc$4.26Mreported value+881.1K shares SWSodexo SA$2.53Mreported value+40.1K shares BKGBerkeley Group Holdings Plc$2.29Mreported value+44.2K shares

Increased positions

AZEAzelis Group NV$6.39Mreported value+262.9K shares+127.5%JSGJohnson Service Group Plc$4.58Mreported value+992.0K shares+78.1%145720Dentium Co Ltd$1.04Mreported value+14.5K shares+128.0%

Reduced positions

WFCWells Fargo & Company/mn$14.42Mreported value-11.8K shares-6.4%GOOGLAlphabet Inc.$8.06Mreported value-11.2K shares-25.2%BABae Systems Plc$7.73Mreported value-112.5K shares-28.9%AZOAutozone Inc$5.71Mreported value-180 shares

Exited positions

00116.HKChow Sang Sang Holdings International Ltd$1.14Mprior reported value-1.05M shares-100.0%590Luk Fook Holdings International Ltd$546.6Kprior reported value-214.0K shares-100.0%383800Lx Holdings Corp$435.1Kprior reported value-61.3K shares-100.0%