Long term value shop Tweedy Browne had a good year in 2011. All of their funds were up. They were named by Morningstar as 2011 International-Stock Fund Manager of the Year. “Our returns for the year were driven in large part by continued strong results in the traditionally more defensive components of our portfolios.” They wrote in the fourth quarter shareholder letter.
Their new positions of ITW, JEF have been discussed in detail in the report Tweedy, Browne Buys Illinois Tool Works and Jefferies. This is an overview of their portfolio changes. The team buys Johnson & Johnson, Emerson Electric Co., Sysco Corp., Conocophillips, Illinois Tool Works Inc., Lockheed Martin Corp., 3m Co., At&t, Jefferies Group Inc., Arthur J. Gallagher & Co., Bank Of New York Mellon, sells Sk Telecom Co. Ads, Norfolk Southern Corp., Brown & Brown Inc., Mcdonalds Corp., Federated Investors Inc., Avatar Holdings Inc. during the 3-months ended 12/31/2011, according to the most recent filings of his investment company, Tweedy Browne CO LLC. As of 12/31/2011, Tweedy Browne CO LLC owns 59 stocks with a total value of $2.9 billion. These are the details of the buys and sells.
This is the portfolio chart of Tweedy Browne. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Tweedy Browne
Their new positions of ITW, JEF have been discussed in detail in the report Tweedy, Browne Buys Illinois Tool Works and Jefferies. This is an overview of their portfolio changes. The team buys Johnson & Johnson, Emerson Electric Co., Sysco Corp., Conocophillips, Illinois Tool Works Inc., Lockheed Martin Corp., 3m Co., At&t, Jefferies Group Inc., Arthur J. Gallagher & Co., Bank Of New York Mellon, sells Sk Telecom Co. Ads, Norfolk Southern Corp., Brown & Brown Inc., Mcdonalds Corp., Federated Investors Inc., Avatar Holdings Inc. during the 3-months ended 12/31/2011, according to the most recent filings of his investment company, Tweedy Browne CO LLC. As of 12/31/2011, Tweedy Browne CO LLC owns 59 stocks with a total value of $2.9 billion. These are the details of the buys and sells.
This is the portfolio chart of Tweedy Browne. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.
- New Purchases: ITW, JEF,
- Added Positions: JNJ, EMR, SYY, COP, LMT, MMM, T, AJG, BK,
- Reduced Positions: NSC, BRO, MCD, FII, AVTR,
- Sold Out: SKM,
This is the sector weightings of his portfolio:
Consumer Goods | 29.5% |
Financials | 20.3% |
Industrials | 15.1% |
Health Care | 13.7% |
Oil & Gas | 10.9% |
Consumer Services | 6.8% |
Technology | 2.2% |
Telecom | 0.7% |
Not Assigned | 0.4% |
Basic Materials | 0.2% |
These are the top 5 holdings of Tweedy Browne
- Philip Morris International (PM) - 5,660,725 shares, 15.4% of the total portfolio. Shares reduced by 5.45%
- Johnson & Johnson (JNJ) - 3,520,917 shares, 8.0% of the total portfolio. Shares added by 10.07%
- ConocoPhillips (COP) - 2,835,044 shares, 7.2% of the total portfolio. Shares added by 8.95%
- CocaCola Femsa S.A.B. De C.V. ADS (KOF) - 1,755,754 shares, 5.8% of the total portfolio. Shares reduced by 0.12%
- Berkshire Hathaway Inc. Cl A (BRK.A) - 1,215 shares, 4.8% of the total portfolio. Shares reduced by 0.08%