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Tweedy Browne Global Value Fund Reduces One in UK, Two in Japan

Sally Jones

Sally Jones

49 followers
The third quarter portfolio of the Tweedy Browne Global Value Fund (TBGVX) shows 102 stocks, two of them new. The fund’s total value is $5.69 billion, with a quarter-over-quarter turnover of 2%. The portfolio is currently weighted with top three sectors: consumer defensive at 20.3%, financial services at 20.2% and consumer cyclical at 13.4%. As of Sept. 30, 2013, the fund is returning 14.20% year-to-date, compared to 18.39% in 2012.

In the third quarter of 2013, the Tweedy Browne Global Value Fund reduced these three stocks that trade on the London Stock Exchange (LSE) or the Tokyo Stock Exchange (TSE). Prices are quoted in GBP or £ (1 GBP = $1.62 USD), as well as JPY or ¥ (1 JPY = $0.01 USD).

United Kingdom: AGA Rangemaster Group PLC (LSE:AGA)

Impacts Portfolio: -0.01%

Up 135% over 12 months, AGA Rangemaster Group PLC has a market cap of £92.86 million; its shares were traded at around £1.34 with a P/E of 13.40 and a P/B of 0.66.

AGA Rangemaster Group PLC manufactures and sells range cookers and kitchen and home products. The company operates through two divisions: AGA and Rangemaster. AGA is comprised of the brands and operations of AGA Rayburn, Fired Earth, Grange and Waterford Stanley; and Rangemaster is comprised of AGA Marvel, Divertimenti, Heartland, La Cornue and Rangemaster.

Guru Action: As of Sept. 30, 2013, the Tweedy Browne Global Value Fund reduced its position by 34.25%, selling 521,000 shares in the average price range of £1.05 per share for a gain of 28%.

As of the third quarter of 2013, the Tweedy Browne Global Value Fund is the only guru stakeholder.

Here is the recent insider trading activity.

Track historical pricing, revenue and net income:

1382391874913.png

Japan: Sangetsu Co. Ltd. (TSE:8130)

Impacts Portfolio: -0.01%

Up 19% over 12 months, Sangetsu Co. Ltd. has a market cap of ¥97.88 billion; its shares were traded at around ¥2563 with a P/E of 18.30 and a P/B of 0.80. The dividend yield is 2.62%.

Sangetsu Co. Ltd. makes and sells interior decor products, including wall paper, drapes, flooring material and upholstery.

Guru Action: As of Sept. 30, 2013, the Tweedy Browne Global Value Fund reduced its position by 32.24%, selling 30,400 shares in the average price range of ¥2576.37 per share, for a loss of 0.5%. Its current shares of 63,900 represent 0.17% of shares outstanding and 0.3% of total assets managed.

The trading history shows a gain of 17% on 387,100 shares sold at an average price of ¥2192.29 per share.

As of the third quarter, the Tweedy Browne Global Value Fund is the only guru stakeholder and there is no insider activity found.

Track historical pricing, revenue and net income:

1382393102936.png

Japan: Ryoyo Electro Corp. (TSE:8068)

Impacts Portfolio: -0.01%

Up 13% over 12 months, Ryoyo Electro Corp. has a market cap of ¥23.24 billion; its shares were traded at around ¥902 with a P/E of 27.90 and a P/B of 0.37. The dividend yield is 3.00%.

Ryoyo Electro Corp is as an electronics service company. Ryoyo Electro provides semiconductors, systems-on-a-chip, computer systems, peripherals, electronic devices and software, in addition to building up network products and coordinating systems.

Guru Action: As of Sept. 30, 2013, the Tweedy Browne Global Value Fund sold out its position, selling 72,700 shares in the average price range of ¥820.7 per share for a gain of 9.9%. Holding for three quarters total, the fund gained 11.9% in the first quarter of 2010, but had a loss of 10.5% when it made a new buy of 20,100 shares at an average price of ¥1007.95 per share in the second quarter of 2008.

As of the third quarter, there are no guru stakeholders or insider trading to report.

Track historical pricing, revenue and net income:

1382394537379.png

Managed by Tweedy, Browne Company LLC, the Tweedy, Browne Global Value Fund (TBGVX) seeks long-term growth of capital by investing in a diversified portfolio of primarily non-U.S. marketable equity securities.





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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 5.0/5 (1 vote)

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