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Tweedy Browne
Tweedy Browne
2026Q1 · filed May 6, 202693 positions · $1.26Btop-5 53%
2026Q1 brief
Tweedy Browne's $1.26B deep-value franchise remains unusually top-heavy: CNH Industrial at 17.6% and IONS (Ionis Pharmaceuticals) at 13.6% together account for 31% of the book—a concentration level atypical for a firm known for diversified Graham-and-Dodd discipline. Activity this quarter centered on building out a tanker/shipping cluster, with HAFNIA (+91.9% to 0.23%), TORM (+91.2% to 0.21%), and NOBLE CORP (+57.2% to 0.21%) all materially added—a contrarian bet on depressed offshore and product-tanker rates that echoes Third Avenue's offshore energy positioning. New positions in Jazz Pharmaceuticals (0.9%) and CI (Cigna, 0.1%) continue Tweedy's longstanding affinity for out-of-favor healthcare. The exits of GM, AN (AutoNation), and CLF suggest a clean break from autos and steel after years of holding. The trim in FDX (-34.3% to 2.1%) reduces one of the larger non-top-2 names. Watch whether CNH Industrial is trimmed as farm-equipment fundamentals remain under pressure—any reduction there would be a major portfolio signal given its outsized 17.6% weight.
AI-generated. Not investment advice.
Holdings (93) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | CNH | 17.6% | $222M | |||
| 2 | IONS | 13.6% | $171M | |||
| 3 | KOF | 9.1% | $114M | |||
| 4 | BRK/A | 8.2% | $103M | |||
| 5 | GOOGL | 4.5% | $57M | |||
| 6 | JNJ | 4.3% | $54M | |||
| 7 | BRK/B | 3.7% | $47M | |||
| 8 | WFC | 3.3% | $41M | |||
| 9 | ALV | 3.2% | $40M | |||
| 10 | NVST | 2.9% | $36M | |||
| 11 | FDX | 2.1% | $26M | |||
| 12 | TFC | 2.0% | $26M | |||
| 13 | UNF | 2.0% | $26M | |||
| 14 | UHAL/B | 1.6% | $21M | |||
| 15 | AXP | 1.5% | $19M | |||
| 16 | AZO | 1.5% | $19M | |||
| 17 | VRTX | 1.4% | $18M | |||
| 18 | SDA | 1.4% | $18M | |||
| 19 | BAC | 1.4% | $18M | |||
| 20 | BK | 1.0% | $13M | |||
| 21 | G50871105 | 0.9% | $11M | |||
| 22 | NVS | 0.9% | $11M | |||
| 23 | F92124100 | 0.8% | $11M | |||
| 24 | USB | 0.8% | $10M | |||
| 25 | DEO | 0.7% | $9M | |||
| 26 | UNP | 0.4% | $5M | |||
| 27 | GSK | 0.4% | $5M | |||
| 28 | SNEX | 0.3% | $4M | |||
| 29 | CSCO | 0.3% | $4M | |||
| 30 | COP | 0.3% | $4M | |||
| 31 | GL | 0.3% | $4M | |||
| 32 | KT | 0.3% | $4M | |||
| 33 | UL | 0.2% | $3M | |||
| 34 | Y2990R101 | 0.2% | $3M | |||
| 35 | PGR | 0.2% | $3M | |||
| 36 | NE | 0.2% | $3M | |||
| 37 | TRMD | 0.2% | $3M | |||
| 38 | NTR | 0.2% | $3M | |||
| 39 | REZI | 0.2% | $2M | |||
| 40 | BFH | 0.2% | $2M | |||
| 41 | PSX | 0.2% | $2M | |||
| 42 | ZION | 0.2% | $2M | |||
| 43 | TDW | 0.2% | $2M | |||
| 44 | HCI | 0.2% | $2M | |||
| 45 | ARLP | 0.2% | $2M | |||
| 46 | PNC | 0.2% | $2M | |||
| 47 | EPD | 0.2% | $2M | |||
| 48 | AGCO | 0.2% | $2M | |||
| 49 | DINO | 0.1% | $2M | |||
| 50 | ALSN | 0.1% | $2M | |||
| 51 | MTDR | 0.1% | $2M | |||
| 52 | HP | 0.1% | $2M | |||
| 53 | GIII | 0.1% | $2M | |||
| 54 | TSN | 0.1% | $2M | |||
| 55 | ARW | 0.1% | $2M | |||
| 56 | FIBK | 0.1% | $2M | |||
| 57 | BMY | 0.1% | $2M | |||
| 58 | UPS | 0.1% | $2M | |||
| 59 | WU | 0.1% | $2M | |||
| 60 | SFNC | 0.1% | $2M | |||
| 61 | CI | 0.1% | $1M | |||
| 62 | ABG | 0.1% | $1M | |||
| 63 | ELV | 0.1% | $1M | |||
| 64 | VSNT | 0.1% | $1M | |||
| 65 | CVS | 0.1% | $1M | |||
| 66 | TAP | 0.1% | $1M | |||
| 67 | HTLD | 0.1% | $1M | |||
| 68 | ALLY | 0.1% | $1M | |||
| 69 | DVN | 0.1% | $1M | |||
| 70 | AAP | 0.1% | $1M | |||
| 71 | LKQ | 0.1% | $1M | |||
| 72 | Y2106R110 | 0.1% | $1M | |||
| 73 | VZ | 0.1% | $1M | |||
| 74 | EMR | 0.1% | $1M | |||
| 75 | BSM | 0.1% | $1M | |||
| 76 | CROX | 0.1% | $1M | |||
| 77 | LW | 0.1% | $1M | |||
| 78 | SIRI | 0.1% | $1M | |||
| 79 | UNH | 0.1% | $992K | |||
| 80 | BZH | 0.1% | $972K | |||
| 81 | CMCSA | 0.1% | $904K | |||
| 82 | HLN | 0.1% | $728K | |||
| 83 | KVUE | 0.1% | $705K | |||
| 84 | EMBC | 0.1% | $666K | |||
| 85 | CNC | <0.1% | $621K | |||
| 86 | FMC | <0.1% | $532K | |||
| 87 | AMN | <0.1% | $513K | |||
| 88 | BABA | <0.1% | $509K | |||
| 89 | PSEC | <0.1% | $422K | |||
| 90 | L72967109 | <0.1% | $397K | |||
| 91 | CNXC | <0.1% | $373K | |||
| 92 | BAX | <0.1% | $222K | |||
| 93 | N5505D105 | <0.1% | $180K |
Sort↑
- 1CNH17.6%$222MCnh Industrial NVthis Q hold·31q
- 2IONS13.6%$171MIonis Pharmaceuticals Incthis Q hold·17q
- 3KOF9.1%$114MCoca-cola Femsa Sab-sp Adrthis Q hold·40q
- 4BRK/A8.2%$103MBerkshire Hathaway Inc-cl Athis Q hold·40q
- 5GOOGL4.5%$57MAlphabet Inc-cl Athis Q hold·40q
- 6JNJ4.3%$54MJohnson & Johnsonthis Q hold·40q
- 7BRK/B3.7%$47MBerkshire Hathaway Inc-cl Bthis Q hold·40q
- 8WFC3.3%$41MWells Fargo & COthis Q hold·40q
- 9ALV3.2%$40MAutoliv Incthis Q hold·25q
- 10NVST2.9%$36MEnvista Holdings Corpthis Q hold·9q
- 11FDX2.1%$26MFedex Corpthis Q -34%·16q
- 12TFC2.0%$26MTruist Financial Corpthis Q hold·23q
- 13UNF2.0%$26MUnifirst Corp/mathis Q hold·21q
- 14UHAL/B1.6%$21MU-haul Holding Co-non Votingthis Q hold·12q
- 15AXP1.5%$19MAmerican Express COthis Q hold·38q
- 16AZO1.5%$19MAutozone Incthis Q hold·35q
- 17VRTX1.4%$18MVertex Pharmaceuticals Incthis Q hold·11q
- 18SDA1.4%$18MSealed Air Corpthis Q hold·12q
- 19BAC1.4%$18MBank OF America Corpthis Q hold·23q
- 20BK1.0%$13MBank OF New York Mellon Corpthis Q hold·40q
- 21G508711050.9%$11MJazz Pharmaceuticals Plcthis Q New·—1q
- 22NVS0.9%$11MNovartis Ag-sponsored Adrthis Q hold·40q
- 23F921241000.8%$11MTotalenergies SE Adrthis Q hold·2q
- 24USB0.8%$10MUS Bancorpthis Q hold·40q
- 25DEO0.7%$9MDiageo Plc-sponsored Adrthis Q hold·40q
- 26UNP0.4%$5MUnion Pacific Corpthis Q hold·40q
- 27GSK0.4%$5MGsk Plc-spon Adrthis Q hold·14q
- 28SNEX0.3%$4MStonex Group Incthis Q +138%·3q
- 29CSCO0.3%$4MCisco Systems Incthis Q hold·40q
- 30COP0.3%$4MConocophillipsthis Q hold·40q
- 31GL0.3%$4MGlobe Life Incthis Q hold·7q
- 32KT0.3%$4MKT Corp-sp Adrthis Q +91%·5q
- 33UL0.2%$3MUnilever Plc-sponsored Adrthis Q hold·2q
- 34Y2990R1010.2%$3MHafnia Ltdthis Q +92%·5q
- 35PGR0.2%$3MProgressive Corpthis Q hold·21q
- 36NE0.2%$3MNoble Corp Plcthis Q +57%·4q
- 37TRMD0.2%$3MTorm Plc-athis Q +91%·4q
- 38NTR0.2%$3MNutrien Ltdthis Q +92%·4q
- 39REZI0.2%$2MResideo Technologies Incthis Q +58%·4q
- 40BFH0.2%$2MBread Financial Holdings Incthis Q +59%·4q
- 41PSX0.2%$2MPhillips 66this Q hold·40q
- 42ZION0.2%$2MZions Bancorp NAthis Q +57%·5q
- 43TDW0.2%$2MTidewater Incthis Q +56%·4q
- 44HCI0.2%$2MHci Group Incthis Q hold·5q
- 45ARLP0.2%$2MAlliance Resource Partnersthis Q +55%·5q
- 46PNC0.2%$2MPnc Financial Services Groupthis Q +55%·3q
- 47EPD0.2%$2MEnterprise Products Partnersthis Q -52%·22q
- 48AGCO0.2%$2MAgco Corpthis Q +53%·17q
- 49DINO0.1%$2MHF Sinclair Corpthis Q +78%·4q
- 50ALSN0.1%$2MAllison Transmission Holdingthis Q +57%·3q
- 51MTDR0.1%$2MMatador Resources COthis Q +56%·4q
- 52HP0.1%$2MHelmerich & Paynethis Q +57%·4q
- 53GIII0.1%$2MG-iii Apparel Group Ltdthis Q +56%·3q
- 54TSN0.1%$2MTyson Foods Inc-cl Athis Q +58%·4q
- 55ARW0.1%$2MArrow Electronics Incthis Q +55%·4q
- 56FIBK0.1%$2MFirst Interstate Bancsys-athis Q +55%·4q
- 57BMY0.1%$2MBristol-myers Squibb COthis Q +55%·4q
- 58UPS0.1%$2MUnited Parcel Service-cl Bthis Q +58%·3q
- 59WU0.1%$2MWestern Union COthis Q +61%·3q
- 60SFNC0.1%$2MSimmons First Natl Corp-cl Athis Q +59%·4q
- 61CI0.1%$1MThe Cigna Groupthis Q New·—1q
- 62ABG0.1%$1MAsbury Automotive Groupthis Q New·—1q
- 63ELV0.1%$1MElevance Health Incthis Q +53%·3q
- 64VSNT0.1%$1MVersant Media Group Incthis Q New·—1q
- 65CVS0.1%$1MCvs Health Corpthis Q +58%·4q
- 66TAP0.1%$1MMolson Coors Beverage CO - Bthis Q +57%·2q
- 67HTLD0.1%$1MHeartland Express Incthis Q +58%·5q
- 68ALLY0.1%$1MAlly Financial Incthis Q New·—1q
- 69DVN0.1%$1MDevon Energy Corpthis Q +55%·18q
- 70AAP0.1%$1MAdvance Auto Parts Incthis Q +59%·4q
- 71LKQ0.1%$1MLkq Corpthis Q New·—1q
- 72Y2106R1100.1%$1MDorian Lpg Limitedthis Q +57%·4q
- 73VZ0.1%$1MVerizon Communications Incthis Q hold·40q
- 74EMR0.1%$1MEmerson Electric COthis Q hold·40q
- 75BSM0.1%$1MBlack Stone Minerals LPthis Q +55%·4q
- 76CROX0.1%$1MCrocs Incthis Q +55%·4q
- 77LW0.1%$1MLamb Weston Holdings Incthis Q +57%·4q
- 78SIRI0.1%$1MSirius XM Holdings Incthis Q +56%·4q
- 79UNH0.1%$992KUnitedhealth Group Incthis Q +49%·4q
- 80BZH0.1%$972KBeazer Homes Usa Incthis Q +59%·4q
- 81CMCSA0.1%$904KComcast Corp-class Athis Q hold·40q
- 82HLN0.1%$728KHaleon Plc-adrthis Q hold·15q
- 83KVUE0.1%$705KKenvue Incthis Q hold·11q
- 84EMBC0.1%$666KEmbecta Corpthis Q +56%·4q
- 85CNC<0.1%$621KCentene Corpthis Q +57%·4q
- 86FMC<0.1%$532KFmc Corpthis Q +53%·19q
- 87AMN<0.1%$513KAmn Healthcare Services Incthis Q +55%·3q
- 88BABA<0.1%$509KAlibaba Group Holding-sp Adrthis Q hold·22q
- 89PSEC<0.1%$422KProspect Capital Corpthis Q hold·5q
- 90L72967109<0.1%$397KOrion SAthis Q +56%·4q
- 91CNXC<0.1%$373KConcentrix Corpthis Q hold·22q
- 92BAX<0.1%$222KBaxter International Incthis Q hold·40q
- 93N5505D105<0.1%$180KMagnum Ice Cream CO NV Adrthis Q hold·2q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| FDX | Fedex Corp | TRIM | 2.1% | -34% | $26M |
| G50871105 | Jazz Pharmaceuticals Plc | NEW | 0.9% | +100% | $11M |
| SNEX | Stonex Group Inc | ADD | 0.3% | +138% | $4M |
| KT | KT Corp-sp Adr | ADD | 0.3% | +91% | $4M |
| EPD | Enterprise Products Partners | TRIM | 0.2% | -52% | $2M |
| Y2990R101 | Hafnia Ltd | ADD | 0.2% | +92% | $3M |
| NE | Noble Corp Plc | ADD | 0.2% | +57% | $3M |
| TRMD | Torm Plc-a | ADD | 0.2% | +91% | $3M |
| NTR | Nutrien Ltd | ADD | 0.2% | +92% | $3M |
| REZI | Resideo Technologies Inc | ADD | 0.2% | +58% | $2M |
| BFH | Bread Financial Holdings Inc | ADD | 0.2% | +59% | $2M |
| ZION | Zions Bancorp NA | ADD | 0.2% | +57% | $2M |
| TDW | Tidewater Inc | ADD | 0.2% | +56% | $2M |
| ATMU | Atmus Filtration Technologie | EXIT | 0.2% | -100% | $0 |
| GM | General Motors CO | EXIT | 0.2% | -100% | $0 |
| ARLP | Alliance Resource Partners | ADD | 0.2% | +55% | $2M |
| PNC | Pnc Financial Services Group | ADD | 0.2% | +55% | $2M |
| AGCO | Agco Corp | ADD | 0.2% | +53% | $2M |
| ALSN | Allison Transmission Holding | ADD | 0.1% | +57% | $2M |
| DINO | HF Sinclair Corp | ADD | 0.1% | +78% | $2M |
| MTDR | Matador Resources CO | ADD | 0.1% | +56% | $2M |
| HP | Helmerich & Payne | ADD | 0.1% | +57% | $2M |
| TSN | Tyson Foods Inc-cl A | ADD | 0.1% | +58% | $2M |
| GIII | G-iii Apparel Group Ltd | ADD | 0.1% | +56% | $2M |
| ARW | Arrow Electronics Inc | ADD | 0.1% | +55% | $2M |
| FIBK | First Interstate Bancsys-a | ADD | 0.1% | +55% | $2M |
| BMY | Bristol-myers Squibb CO | ADD | 0.1% | +55% | $2M |
| UPS | United Parcel Service-cl B | ADD | 0.1% | +58% | $2M |
| WU | Western Union CO | ADD | 0.1% | +61% | $2M |
| SFNC | Simmons First Natl Corp-cl A | ADD | 0.1% | +59% | $2M |
| CI | The Cigna Group | NEW | 0.1% | +100% | $1M |
| ABG | Asbury Automotive Group | NEW | 0.1% | +100% | $1M |
| ELV | Elevance Health Inc | ADD | 0.1% | +53% | $1M |
| VSNT | Versant Media Group Inc | NEW | 0.1% | +100% | $1M |
| TAP | Molson Coors Beverage CO - B | ADD | 0.1% | +57% | $1M |
| CVS | Cvs Health Corp | ADD | 0.1% | +58% | $1M |
| HTLD | Heartland Express Inc | ADD | 0.1% | +58% | $1M |
| ALLY | Ally Financial Inc | NEW | 0.1% | +100% | $1M |
| DVN | Devon Energy Corp | ADD | 0.1% | +55% | $1M |
| AAP | Advance Auto Parts Inc | ADD | 0.1% | +59% | $1M |
| AN | Autonation Inc | EXIT | 0.1% | -100% | $0 |
| LKQ | Lkq Corp | NEW | 0.1% | +100% | $1M |
| Y2106R110 | Dorian Lpg Limited | ADD | 0.1% | +57% | $1M |
| BSM | Black Stone Minerals LP | ADD | 0.1% | +55% | $1M |
| CROX | Crocs Inc | ADD | 0.1% | +55% | $1M |
| LW | Lamb Weston Holdings Inc | ADD | 0.1% | +57% | $1M |
| SIRI | Sirius XM Holdings Inc | ADD | 0.1% | +56% | $1M |
| UNH | Unitedhealth Group Inc | ADD | 0.1% | +49% | $992K |
| B57FG04CA | Cenovus Energy | EXIT | 0.1% | -100% | $0 |
| BZH | Beazer Homes Usa Inc | ADD | 0.1% | +59% | $972K |
| OBDC | Blue Owl Capital Corp | EXIT | 0.1% | -100% | $0 |
| CLF | Cleveland-cliffs Inc | EXIT | 0.1% | -100% | $0 |
| HLF | Herbalife Ltd | EXIT | 0.1% | -100% | $0 |
| EMBC | Embecta Corp | ADD | 0.1% | +56% | $666K |
| ALB | Albemarle Corp | EXIT | 0.1% | -100% | $0 |
| CNC | Centene Corp | ADD | <0.1% | +57% | $621K |
| FMC | Fmc Corp | ADD | <0.1% | +53% | $532K |
| AMN | Amn Healthcare Services Inc | ADD | <0.1% | +55% | $513K |
| L72967109 | Orion SA | ADD | <0.1% | +56% | $397K |
| CCSI | Consensus Cloud Solution | EXIT | <0.1% | -100% | $0 |
- TRIMFDX2.1%Fedex CorpΔ -34%·$26M
- NEWG508711050.9%Jazz Pharmaceuticals PlcΔ +100%·$11M
- ADDSNEX0.3%Stonex Group IncΔ +138%·$4M
- ADDKT0.3%KT Corp-sp AdrΔ +91%·$4M
- TRIMEPD0.2%Enterprise Products PartnersΔ -52%·$2M
- ADDY2990R1010.2%Hafnia LtdΔ +92%·$3M
- ADDNE0.2%Noble Corp PlcΔ +57%·$3M
- ADDTRMD0.2%Torm Plc-aΔ +91%·$3M
- ADDNTR0.2%Nutrien LtdΔ +92%·$3M
- ADDREZI0.2%Resideo Technologies IncΔ +58%·$2M
- ADDBFH0.2%Bread Financial Holdings IncΔ +59%·$2M
- ADDZION0.2%Zions Bancorp NAΔ +57%·$2M
- ADDTDW0.2%Tidewater IncΔ +56%·$2M
- EXITATMU0.2%Atmus Filtration TechnologieΔ -100%·$0
- EXITGM0.2%General Motors COΔ -100%·$0
- ADDARLP0.2%Alliance Resource PartnersΔ +55%·$2M
- ADDPNC0.2%Pnc Financial Services GroupΔ +55%·$2M
- ADDAGCO0.2%Agco CorpΔ +53%·$2M
- ADDALSN0.1%Allison Transmission HoldingΔ +57%·$2M
- ADDDINO0.1%HF Sinclair CorpΔ +78%·$2M
- ADDMTDR0.1%Matador Resources COΔ +56%·$2M
- ADDHP0.1%Helmerich & PayneΔ +57%·$2M
- ADDTSN0.1%Tyson Foods Inc-cl AΔ +58%·$2M
- ADDGIII0.1%G-iii Apparel Group LtdΔ +56%·$2M
- ADDARW0.1%Arrow Electronics IncΔ +55%·$2M
- ADDFIBK0.1%First Interstate Bancsys-aΔ +55%·$2M
- ADDBMY0.1%Bristol-myers Squibb COΔ +55%·$2M
- ADDUPS0.1%United Parcel Service-cl BΔ +58%·$2M
- ADDWU0.1%Western Union COΔ +61%·$2M
- ADDSFNC0.1%Simmons First Natl Corp-cl AΔ +59%·$2M
- NEWCI0.1%The Cigna GroupΔ +100%·$1M
- NEWABG0.1%Asbury Automotive GroupΔ +100%·$1M
- ADDELV0.1%Elevance Health IncΔ +53%·$1M
- NEWVSNT0.1%Versant Media Group IncΔ +100%·$1M
- ADDTAP0.1%Molson Coors Beverage CO - BΔ +57%·$1M
- ADDCVS0.1%Cvs Health CorpΔ +58%·$1M
- ADDHTLD0.1%Heartland Express IncΔ +58%·$1M
- NEWALLY0.1%Ally Financial IncΔ +100%·$1M
- ADDDVN0.1%Devon Energy CorpΔ +55%·$1M
- ADDAAP0.1%Advance Auto Parts IncΔ +59%·$1M
- EXITAN0.1%Autonation IncΔ -100%·$0
- NEWLKQ0.1%Lkq CorpΔ +100%·$1M
- ADDY2106R1100.1%Dorian Lpg LimitedΔ +57%·$1M
- ADDBSM0.1%Black Stone Minerals LPΔ +55%·$1M
- ADDCROX0.1%Crocs IncΔ +55%·$1M
- ADDLW0.1%Lamb Weston Holdings IncΔ +57%·$1M
- ADDSIRI0.1%Sirius XM Holdings IncΔ +56%·$1M
- ADDUNH0.1%Unitedhealth Group IncΔ +49%·$992K
- EXITB57FG04CA0.1%Cenovus EnergyΔ -100%·$0
- ADDBZH0.1%Beazer Homes Usa IncΔ +59%·$972K
- EXITOBDC0.1%Blue Owl Capital CorpΔ -100%·$0
- EXITCLF0.1%Cleveland-cliffs IncΔ -100%·$0
- EXITHLF0.1%Herbalife LtdΔ -100%·$0
- ADDEMBC0.1%Embecta CorpΔ +56%·$666K
- EXITALB0.1%Albemarle CorpΔ -100%·$0
- ADDCNC<0.1%Centene CorpΔ +57%·$621K
- ADDFMC<0.1%Fmc CorpΔ +53%·$532K
- ADDAMN<0.1%Amn Healthcare Services IncΔ +55%·$513K
- ADDL72967109<0.1%Orion SAΔ +56%·$397K
- EXITCCSI<0.1%Consensus Cloud SolutionΔ -100%·$0
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000732905). Not investment advice.