Tweedy, Browne Company LLC, an investment advisory and fund management firm actively engaged in value investing, disclosed that its equity portfolio for the first quarter has a market value of more than $4.34 billion based on its 13F filing with the Securities and Exchange Commission (SEC).
Tweedy, Browne largest stock holding
Based on its regulatory filing, Tweedy, Browne’s largest stock holding during the first quarter is Johnson & Johnson (NYSE:JNJ), with 4,269,206 shares worth $419,364 million accounting for 9.65% of its portfolio.
The first London Value Investor Conference was held in April 2012 and it has since grown to become the largest gathering of Value Investors in Europe, bringing together some of the best investors every year. At this year’s conference, held on May 19th, Simon Brewer, the former CIO of Morgan Stanley and Senior Adviser to Read More
Johnson & Johnson (NYSE:JNJ) reported first quarter earnings of $1.54 per share, better than the $1.48 per share expected by analysts at Zacks Equity Research. The company’s revenue increased to $18.1 billion, compared with the $17.9 billion revenue estimated by the research firm. J&J shares are trading around $101 as of 12:42 P.M. today in New York.
Tweedy, Browne’s second largest position is Banco Santander Brasil SA (ADR) (NYSE:BSBR). The mutual fund owns total of 61,332,358 shares worth $341,621,000, which represents 7.87% of its total portfolio. During the quarter, the mutual fund increased its stake in the bank by an additional 12,128,752 shares.
Tweedy, Browne new acquisition
During the quarter, Tweedy, Browne acquired 141,557 Class C Shares of Google Inc (NASDAQ:GOOG) worth $157,767,000. The search engine giant split its stock into Class A and Class C shares the last month. The Class C shares have no voting rights, while the Class A shares carry one voting right. The Class C shares are trading under the ticker symbol “GOOG.”
Tweedy, Browne increased positions
Aside from Banco Santander Brasil SA (ADR) (NYSE:BSBR), Tweedy, Browne also increased its stake in Philip Morris International Inc. (NYSE:PM) by 6,200 shares to 1,922,821 shares worth around $157,421,000.
The mutual fund also bought an additional 15,553 shares of National-Oilwell Varco, Inc. (NYSE:NOV), bringing its stake in the company to 346,923 shares with a market value of more than $27 million.
Earlier this month, the board of directors of the National-Oilwell Varco, Inc. (NYSE:NOV) approved the spin-off of its distribution business. The separated company will be called NOW Inc., and its headquarters will be located in Houston. NOW Inc will operate as an independent, publicly traded company under the ticker DNOW. National-Oilwell said it will not retain ownership in the spin-off company.
Tweedy, Browne Sold out positions
During the quarter Tweedy, Browne sold all of its stake in the Class A shares of Google Inc (NASDAQ:GOOGL), Automatic Data Processing (NASDAQ:ADP) and Canon Inc. (ADR) (NYSE:CAJ).