13F filing recap · Q4 2017

What did Tweedy, Browne Company buy in Q4 2017?

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

$3.65B

Positions

Estimated turnover

7.1%

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

WPPWpp Plc$12.25Mreported value+135.3K shares

Increased positions

GSKGsk Plc$7.00Mreported value+88.1K shares+80.7%

Reduced positions

CSCOCisco Systems, Inc.$392.15Mreported value-231.8K shares-2.2%BIDUBaidu, Inc.$325.52Mreported value-16.7K shares-1.2%BRK.ABerkshire Hathaway Inc$318.73Mreported value-16 shares-1.5%JNJJohnson & Johnson$314.13Mreported value-44.3K shares

Exited positions

IBMInternational Business Machines Corp$34.06Mprior reported value-234.8K shares-100.0%SNIScripps Networks Interactive, Inc.$23.70Mprior reported value-275.9K shares-100.0%SHPGShire Plc$4.99Mprior reported value-32.6K shares-100.0%MRKMerck & Co., Inc.$212.0Kprior reported value