Tweedy Browne Profits off of European Companies in Q3

The famous value fund, Tweedy Browne & Co., is out with their third quarter letter. They fund managers say that ‘to say that markets of late have been driven by the actions and comments of central bankers around the world is an understatement,’ echoing the sentiment of many other investors. They discuss some of their profitable holdings/buys (many of which are European companies), including:

Arca Continental, Diageo, and Heineken Holding; pharmaceutical holdings such as Novartis and Roche; financials such as Provident Financial, Munich Re, and Zurich Insurance Group; and Total and Phillips 66

The full letter letter can be found here.

Disclosure: I have a long position in Novartis