Tweedy, Browne Adds Connecticut Water Service, Reduces Phillips 66

reminiscences of a stock operator pdf

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.

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.

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%).

For exclusive info on hedge funds and the latest news from value investing world at only a few dollars a month check out ValueWalk Premium right here.

Multiple people interested? Check out our new corporate plan right here (We are currently offering a major discount)

About the Author

Saul Griffith
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.

Be the first to comment on "Tweedy, Browne Adds Connecticut Water Service, Reduces Phillips 66"

Leave a comment

Your email address will not be published.