Tweedy Browne Buys Philip Morris, Berkshire Hathaway and Baxter

Tweedy Browne Buys Philip Morris, Berkshire Hathaway and Baxter
Source: Made with Photoshop
Tweedy Browne Buys Philip Morris, Berkshire Hathaway and Baxter

Tweedy, Browne Value (MUTF:TWEBX) is a value investment firm with $6.3 billion under management in its four major funds. The long positions disclosed with the SEC amount to $2.6 billion. In the last quarter, Tweedy’s four funds gained more than 5 percent on average, whereas the YTD performance of the flagship fund was up 12.77 percent. Tweedy Browne has a liking for well paying dividend stocks like, Novartis AG (NYSE:NVS), Johnson & Johnson (NYSE:JNJ), Roche Holding Ltd. (PINK:RHHBY), TOTAL S.A. (NYSE:TOT), and HSBC Holdings (NYSE: HBC). The changes made to the portfolio, according to the latest 13f filing are discussed below:

Additions and Buys

The largest holdings are in Johnson & Johnson (NYSE:JNJ), Philip Morris International Inc. (NYSE:PM), ConocoPhillips (NYSE:COP), Baxter International Inc. (NYSE:BAX), and Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE: BRK.B).

Tweedy increased  holdings in The Bank of New York Mellon Corporation (NYSE:BK), ConocoPhillips (NYSE:COP), and Emerson Electric Co. (NYSE:EMR) in the last quarter. New positions were initiated in Connecticut Water Service, Inc. (NASDAQ:CTWS) and Fisher Communications, Inc. (NASDAQ:FSCI).

As Hedge Funds Dive Into Private Equity, Tiger Global Leads The Way

Screenshot 2021 09 16 15.33.10Assets in private equity and venture capital strategies have seen significant growth in recent years. In comparison, assets in the hedge fund industry have experienced slowing growth rates. Q2 2021 hedge fund letters, conferences and more Over the six years to the end of 2020, hedge fund assets increased at a compound annual growth rate Read More

Reductions and Sells

Exposure in  Berkshire Hathaway Inc. Class B (NYSE:BRK.B) was reduced by 90 percent, the fund now holds 41,886 shares of the stock. Holdings in Automatic Data Processing (NASDAQ:ADP) were also cut by 21 percent and almost half of the shares in Canon Inc (NYSE: CAJ) were also sold in the last quarter.

In the top holdings, exposure in Philip Morris International Inc. (NYSE:PM) was decreased by 27 percent, 885,754 shares were sold in the last quarter. The holding now makes 7.8 percent of the portfolio. Some shares of Norfolk Southern Corp. (NYSE:NSC), Roche Holding Ltd. (PINK:RHHBY), U.S. Bancorp (NYSE:USB), and HSBC Holdings plc (LON:HSBA) (NYSE:HBC) were also sold in the last quarter.

In the technology sector, Tweedy has noticeable  holdings in Google Inc (NASDAQ:GOOG), 3M Co (NYSE:MMM), and Cisco Systems, Inc. (NASDAQ:CSCO). Slight reductions were made in all of these stocks.

The fund exited its positions in Honda Motor Co Ltd (NYSE:HMC) and Horizon Telcom B NEW (PINK:HRZCB). Honda Motor previously made over 4 percent on the portfolio.

Updated on

No posts to display