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Tweedy Browne Global Reports a New Position, with 3 Top Increases

Holly LaFon

Holly LaFon

273 followers
The Tweedy Browne (Trades, Portfolio) Global Value Fund is composed of non-U.S. stocks, except when U.S. stocks have more appealing valuations. The fund as has $8.6 billion in net assets and since its 1993 inception, it has returned 10.3% on average annually.

The fund also has its greatest weighting in the Financial Services at 25%, followed by Consumer Defensive at 18.5% and Energy at 12% as its next largest sectors.

Managers of the fund bought just one new stock in the first quarter, for 3% portfolio turnover. Tweedy Browne (Trades, Portfolio)’s new second-quarter stock is Now Inc. (DNOW). It also increased its position in SCOR SE (XPAR:SCR), Standard Chartered PLC (LSE:STAN) and Vallourec SA (XPAR:VK).

New Buy

Now Inc. (DNOW)

Tweedy Browne (Trades, Portfolio) purchased 33,225 shares of Now Inc., at an average price of $34, for a scant 0.018% portfolio weight.

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Now Inc. is a spin-off of National Oilwell Varco (NOV), which became official on May 31, 2014. Tweedy Browne (Trades, Portfolio) holds National Oilwell shares, and likely received its Now Inc. shares as part of the spin-off. Now Inc. has a market cap of $3.59 billion; its shares were traded at around $33.54.

SCOR SE (XPAR:SCR)

Tweedy Browne (Trades, Portfolio) expanded its SCOR SE holding by 99%, or 1,504,600 shares, for a total of 3,023,000 shares. The company’s average quarterly share price was $26.

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SCOR SE is a France-based reinsurance company. The company through its holdings provides life & non-life reinsurance services. SCOR SE has a market cap of $4.48 billion; its shares were traded at around $24.17 with a P/E ratio of 8.30 and P/S ratio of 0.42. The dividend yield of Scor SE stocks is 5.38%. Scor SE had an annual average earnings growth of 34.90% over the past 10 years.

Standard Chartered PLC (LSE:STAN)

Tweedy Browne (Trades, Portfolio) increased its holding of Standard Chartered by 86%, or 4,835,635 shares, to a total of 10,480,635 shares held. The stock’s quarterly share price averaged $13.

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Standard Chartered PLC is the holding company for the Group. Standard Chartered PLC has a market cap of $29.86 billion; its shares were traded at around $12.05 with a P/E ratio of 12.70 and P/S ratio of 2.95. The dividend yield of Standard Chartered PLC stocks is 4.29%. Standard Chartered PLC had an annual average earnings growth of 3.20% over the past 10 years.

Vallourec SA (XPAR:VK)

Tweedy Browne (Trades, Portfolio) Increased its position in Vallourec SA by 47.7%, or 598,900 shares, to a total of 1,855,500 shares held. The stock’s quarterly average price was $39.

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Vallourec SA offers a portfolio of innovative and value-added tubular products, with an increasing focus on tubes for oil and gas wells and power stations. Vallourec SA has a market cap of $4.18 billion; its shares were traded at around $32.96 with a P/E ratio of 15.00 and P/S ratio of 0.73. The dividend yield of Vallourec SA stocks is 2.46%.


For more Tweedy Browne (Trades, Portfolio) Global Value stocks, visit the portfolio of the fund here. Not a Premium Member of GuruFocus? Try it free for 7 days here!


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