13F filing recap · Q4 2016

What did Tweedy, Browne Company buy in Q4 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

$3.20B

Positions

Estimated turnover

14.1%

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

WSMWilliams-Sonoma, Inc.$12.01Mreported value+248.2K shares TRMKTrustmark Corporation$257.0Kreported value+7.2K shares

Increased positions

BNYThe Bank of New York Mellon Corporation$222.78Mreported value+183.1K shares+4.1%DVNDevon Energy Corp/de$161.70Mreported value+166.2K shares+4.9%GOOGLAlphabet Inc.$106.28Mreported value+7.2K shares+5.7%MRCMrc Global Inc$97.36Mreported value+340.6K shares

Reduced positions

CSCOCisco Systems, Inc.$347.25Mreported value-1.18M shares-9.3%JNJJohnson & Johnson$274.96Mreported value-592.2K shares-19.9%BRK.ABerkshire Hathaway Inc$265.85Mreported value-3 shares-0.3%WFCWells Fargo & Company/mn$208.71Mreported value-606.8K shares

Exited positions

ITWIllinois Tool Works Inc$27.16Mprior reported value-226.7K shares-100.0%LMTLockheed Martin Corporation$19.22Mprior reported value-80.2K shares-100.0%MRKMerck & Co., Inc.$206.0Kprior reported value-3.3K shares-100.0%