13F filing recap · Q3 2015

What did Tweedy, Browne Company buy in Q3 2015?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Tweedy, Browne account, including accounts that belong to no fund below.

Stock value

$3.36B

Positions

Estimated turnover

8.4%

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

BXLTBaxalta Incorporated$78.75Mreported value+2.50M shares MRCMrc Global Inc$55.07Mreported value+4.94M shares IBMInternational Business Machines Corp$45.70Mreported value+315.2K shares NWLINational Western Life Group, Inc.$21.03Mreported value+94.4K shares GEGeneral Electric Company$15.95Mreported value+632.5K shares

Increased positions

HSBCHSBC Holdings Plc$6.53Mreported value+2.1K shares+1.3%GSKGsk Plc$5.13Mreported value+5.2K shares+4.0%RDS-AShell Plc$2.63Mreported value+1.8K shares+3.3%

Reduced positions

JNJJohnson & Johnson$359.95Mreported value-62.9K shares-1.6%WFCWells Fargo & Company/mn$258.03Mreported value-33.8K shares-0.7%CSCOCisco Systems, Inc.$257.94Mreported value-158.4K shares-1.6%BRK.ABerkshire Hathaway Inc$228.63Mreported value-4 shares

Exited positions

NWLINational Western Life Group, Inc.$22.70Mprior reported value-94.8K shares-100.0%CNQCanadian Natural Resources Limited$3.39Mprior reported value-125.0K shares-100.0%XOMExxon Mobil Corp.$197.0Kprior reported value-2.4K shares-100.0%