Tweedy, Browne Adds Connecticut Water Service, Reduces Phillips 66

Tweedy, Browne Adds Connecticut Water Service, Reduces Phillips 66

The 93-year old firm Tweedy, Browne Company LLC is an investor and investment advisor that derives inspiration from the work of the late Benjamin Graham, co-author of the first textbook on investment research, Security Analysis (1934) and author of The Intelligent Investor (1949). Graham, through his investment firm Graham-Newman Corp., was one of the firm’s primary brokerage clients in the 1930s, 1940s, and 1950s.

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As such, the firm’s investments are of great interest to value investors worldwide, and we bring you insights from its latest 13F filing for the quarter ended September 30, 2013.

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During the quarter, the firm purchased one new stock, augmented its holdings in three stocks, completely divested two stocks and trimmed investments in 31 others.

Tweedy, Browne: New stock added

The fund acquired 6,483 shares in Connecticut Water Service Inc (NASDAQ:CTWS) at a market value of $208,000.

Tweedy, Browne: Increased stakes

The hedge fund added to its existing holdings in three stocks. These were Banco Santander Brasil SA (ADR) (NYSE:BSBR) in which it added 8,502,281 shares, Joy Global Inc. (NYSE:JOY) (added 10,400 shares) and National-Oilwell Varco, Inc. (NYSE:NOV), where it added 134,493 shares.

Tweedy, Browne: Stocks divested

Tweedy Browne sold out its holdings in Arthur J. Gallagher & Co. (NYSE:AJG) and Fisher Communications, Inc. (NASDAQ:FSCI).

Tweedy, Browne: Stocks reduced

The fund trimmed holdings in 31 stocks, chief among these being

The Bank of New York Mellon Corporation (NYSE:BK) (-337,048 shares)

Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) (-169,443 shares),

SYSCO Corporation (NYSE:SYY) (-200,345 shares),

Brookfield Glbl Lstd Infrstr Incm Fd Inc (NYSE:INF) (-33,548 shares) and

Phillips 66 (NYSE:PSX) (-200,345 shares).

Tweedy, Browne: Aggregate and top five holdings

The aggregate value of its holdings was declared at $4.16B. Its top five holdings as a percentage of its portfolio were Johnson & Johnson (NYSE:JNJ) (9.01%), Banco Santander Brasil SA (ADR) (NYSE:BSBR) (8.1%), Halliburton Company (NYSE:HAL), Cisco Systems, Inc. (NASDAQ:CSCO) (6.22%) and Devon Energy Corp (NYSE:DVN) (5.87%).

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Saul Griffith is an investor in stocks, commodities and forex, writing under a pen name. Saul has top accounting qualifications and extensive experience in industry and the financial markets. He also has an abiding interest in breaking news that could be a harbinger of new trends and give insight into an instrument’s potential for providing value, growth or yield.
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