13F filing recap · Q2 2018

What did Tweedy, Browne Company buy in Q2 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

$3.22B

Positions

Estimated turnover

8.2%

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

MRKMerck & Co., Inc.$201.0Kreported value+3.3K shares

Increased positions

AZOAutozone Inc$120.44Mreported value+75.8K shares+73.1%VZVerizon Communications Inc$27.63Mreported value+17.7K shares+3.3%AVTAvnet, Inc.$25.28Mreported value+10.6K shares+1.8%HSBCHSBC Holdings Plc$6.77Mreported value+1.4K shares

Reduced positions

CSCOCisco Systems, Inc.$386.53Mreported value-740.3K shares-7.6%BIDUBaidu, Inc.$333.91Mreported value-11.9K shares-0.9%BRK.ABerkshire Hathaway Inc$294.73Mreported value-20 shares-1.9%JNJJohnson & Johnson$264.18Mreported value-44.4K shares

Exited positions

WSMWilliams-Sonoma, Inc.$6.76Mprior reported value-128.2K shares-100.0%PMPhilip Morris International Inc.$4.16Mprior reported value-41.8K shares-100.0%LUKLeucadia National Corporation$1.46Mprior reported value-64.2K shares-100.0%