Insights into the Fourth Quarter 2024 N-PORT Filing
Tweedy Browne International Value (Trades, Portfolio) recently submitted its N-PORT filing for the fourth quarter of 2024, offering a glimpse into its strategic investment decisions during this period. The Tweedy, Browne Global Value Fund, established on June 15, 1993, is managed by a team of seasoned investment professionals, including Roger R. de Bree, Frank H. Hawrylak, Jay Hill, Sean McDonald, Thomas H. Shrager, John D. Spears, and Robert Q. Wyckoff, Jr. The fund adheres to a "Ben Graham" value-oriented approach, focusing on securities trading at discounts to intrinsic value. Primarily investing in foreign equity securities, the fund also explores U.S. equities when attractive opportunities arise, with a focus on developed markets and some exposure to emerging markets. Currency risk is mitigated by hedging foreign currency exposure back into the U.S. dollar where feasible.
Summary of New Buy
Tweedy Browne International Value (Trades, Portfolio) added a total of two stocks, among them:
- The most significant addition was Shoei Co Ltd (TSE:7839, Financial), with 270,565 shares, accounting for 0.09% of the portfolio and a total value of ¥3.878 million.
- The second largest addition to the portfolio was Takara Holdings Inc (TSE:2531, Financial), consisting of 273,065 shares, representing approximately 0.05% of the portfolio, with a total value of ¥2.354 million.
Key Position Increases
Tweedy Browne International Value (Trades, Portfolio) also increased stakes in a total of six stocks, among them:
- The most notable increase was CVS Group PLC (LSE:CVSG, Financial), with an additional 2,166,036 shares, bringing the total to 4,130,268 shares. This adjustment represents a significant 110.27% increase in share count, a 0.51% impact on the current portfolio, with a total value of £43.451 million.
- The second largest increase was Subaru Corp (TSE:7270, Financial), with an additional 797,630 shares, bringing the total to 2,450,385. This adjustment represents a significant 48.26% increase in share count, with a total value of ¥43.984 million.
Summary of Sold Out
Tweedy Browne International Value (Trades, Portfolio) completely exited three holdings in the fourth quarter of 2024, as detailed below:
- Baidu Inc (HKSE:09888, Financial): Tweedy Browne International Value (Trades, Portfolio) sold all 815,426 shares, resulting in a -0.2% impact on the portfolio.
- Ubisoft Entertainment (XPAR:UBI, Financial): Tweedy Browne International Value (Trades, Portfolio) liquidated all 268,901 shares, causing a -0.05% impact on the portfolio.
Key Position Reduces
Tweedy Browne International Value (Trades, Portfolio) also reduced positions in 16 stocks. The most significant changes include:
- Reduced Berkshire Hathaway Inc (BRK.A, Financial) by 234 shares, resulting in a -69.03% decrease in shares and a -2.92% impact on the portfolio. The stock traded at an average price of $692,646 during the quarter and has returned -2.67% over the past three months and -2.45% year-to-date.
- Reduced Alphabet Inc (GOOGL, Financial) by 851,668 shares, resulting in a -66.45% reduction in shares and a -2.55% impact on the portfolio. The stock traded at an average price of $175.1 during the quarter and has returned 19.43% over the past three months and 2.14% year-to-date.
Portfolio Overview
At the fourth quarter of 2024, Tweedy Browne International Value (Trades, Portfolio)'s portfolio included 93 stocks. The top holdings included 4.33% in Safran SA (XPAR:SAF, Financial), 3.64% in Roche Holding AG (XSWX:ROG, Financial), 3.55% in Nestle SA (XSWX:NESN, Financial), 3.16% in United Overseas Bank Ltd (SGX:U11, Financial), and 3.12% in TotalEnergies SE (XPAR:TTE, Financial).
The holdings are mainly concentrated in 10 of the 11 industries: Industrials, Consumer Defensive, Financial Services, Healthcare, Basic Materials, Consumer Cyclical, Communication Services, Energy, Technology, and Real Estate.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
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