13F filing recap · Q1 2016

What did Tweedy, Browne Company buy in Q1 2016?

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

$3.63B

Positions

Estimated turnover

8.9%

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

AVTAvnet, Inc.$29.73Mreported value+671.2K shares CKXCkx Lands, Inc.$111.0Kreported value+10.6K shares

Increased positions

CSCOCisco Systems, Inc.$389.67Mreported value+4.24M shares+45.0%BNYThe Bank of New York Mellon Corporation$188.35Mreported value+1.48M shares+40.8%IBMInternational Business Machines Corp$61.96Mreported value+73.7K shares+22.0%AGCOAgco Corp /de$38.25Mreported value+249.9K shares

Reduced positions

JNJJohnson & Johnson$366.09Mreported value-309.9K shares-8.4%WFCWells Fargo & Company/mn$223.93Mreported value-35.0K shares-0.8%HALHalliburton Company$182.79Mreported value-215.1K shares-4.0%PMPhilip Morris International Inc.$176.39Mreported value-13.5K shares

Exited positions

BROBrown & Brown, Inc.$356.0Kprior reported value-11.1K shares-100.0%