13F filing recap · Q1 2018

What did Tweedy, Browne Company buy in Q1 2018?

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

$3.27B

Positions

Estimated turnover

8.7%

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.

Increased positions

WFCWells Fargo & Company/mn$175.51Mreported value+29.9K shares+0.9%AZOAutozone Inc$67.28Mreported value+3.8K shares+3.8%WPPWpp Plc$17.78Mreported value+88.2K shares+65.2%

Reduced positions

CSCOCisco Systems, Inc.$417.02Mreported value-515.9K shares-5.0%BRK.ABerkshire Hathaway Inc$318.54Mreported value-6 shares-0.6%BIDUBaidu, Inc.$309.36Mreported value-3.8K shares-0.3%JNJJohnson & Johnson$284.69Mreported value-26.7K shares

Exited positions

SIGSignet Jewelers Limited$8.84Mprior reported value-156.3K shares-100.0%GEGeneral Electric Company$873.0Kprior reported value-50.0K shares-100.0%DNOWDnow Inc.$551.0Kprior reported value-50.0K shares-100.0%TRMKTrustmark Corporation$229.0Kprior reported value-7.2K shares