FMC Corp: A Significant Exit by Tweedy Browne International Value with a -2.11% Impact

Exploring the Strategic Moves of Tweedy Browne International Value (Trades, Portfolio) in Q1 2025

Tweedy Browne International Value (Trades, Portfolio) recently submitted its N-PORT filing for the first quarter of 2025, shedding light on its strategic investment decisions during this period. The Tweedy, Browne Global Value Fund, established on June 15, 1993, is managed by a team of seasoned investment professionals, including Roger R. de Bree, Frank H. Hawrylak, Jay Hill, Sean McDonald, Thomas H. Shrager, John D. Spears, and Robert Q. Wyckoff, Jr. The fund adheres to a "Ben Graham" value-oriented approach, focusing on securities trading at discounts to intrinsic value. Primarily investing in foreign equity securities, the fund also selectively invests in U.S. equities when attractive opportunities arise, with a focus on developed markets and some exposure to emerging markets. Currency risk is mitigated by hedging foreign currency exposure back into the U.S. dollar where feasible.

Summary of New Buy

Tweedy Browne International Value (Trades, Portfolio) added a total of 5 stocks, among them:

• The most significant addition was Prudential PLC (HKSE:02378, Financial), with 7,667,170 shares, accounting for 1.93% of the portfolio and a total value of HK$82.67 million.
• The second largest addition to the portfolio was Arkema SA (XPAR:AKE, Financial), consisting of 548,916 shares, representing approximately 0.98% of the portfolio, with a total value of €41.99 million.
• The third largest addition was Hana Financial Group Inc (XKRX:086790, Financial), with 1,017,582 shares, accounting for 0.97% of the portfolio and a total value of ₩41,548,230.

Key Position Increases

Tweedy Browne International Value (Trades, Portfolio) also increased stakes in a total of 7 stocks, among them:

• The most notable increase was Computacenter PLC (LSE:CCC, Financial), with an additional 622,318 shares, bringing the total to 1,665,825 shares. This adjustment represents a significant 59.64% increase in share count, a 0.46% impact on the current portfolio, with a total value of £52,861,660.
• The second largest increase was Nifco Inc (TSE:7988, Financial), with an additional 681,145 shares, bringing the total to 902,365. This adjustment represents a significant 307.9% increase in share count, with a total value of 円21,750,800.

Summary of Sold Out

Tweedy Browne International Value (Trades, Portfolio) completely exited 7 holdings in the first quarter of 2025, as detailed below:

• FMC Corp (FMC, Financial): Tweedy Browne International Value (Trades, Portfolio) sold all 1,950,303 shares, resulting in a -2.11% impact on the portfolio.
• Tencent Holdings Ltd (HKSE:00700, Financial): Tweedy Browne International Value (Trades, Portfolio) liquidated all 1,444,150 shares, causing a -1.73% impact on the portfolio.

Key Position Reduces

Tweedy Browne International Value (Trades, Portfolio) also reduced positions in 17 stocks. The most significant changes include:

• Reduced Johnson & Johnson (JNJ, Financial) by 573,850 shares, resulting in a -76.42% decrease in shares and a -1.85% impact on the portfolio. The stock traded at an average price of $156.47 during the quarter and has returned 5.90% over the past 3 months and 4.03% year-to-date.
• Reduced DBS Group Holdings Ltd (SGX:D05, Financial) by 2,471,457 shares, resulting in a -63.27% reduction in shares and a -1.77% impact on the portfolio. The stock traded at an average price of S$44.88 during the quarter and has returned -8.84% over the past 3 months and -7.99% year-to-date.

Portfolio Overview

At the first quarter of 2025, Tweedy Browne International Value (Trades, Portfolio)'s portfolio included 91 stocks. The top holdings included 4.53% in Nestle SA (XSWX:NESN, Financial), 4.44% in Roche Holding AG (XSWX:ROG, Financial), 4.31% in BAE Systems PLC (LSE:BA., Financial), 3.81% in TotalEnergies SE (XPAR:TTE, Financial), and 3.64% in Heineken Holding NV (XAMS:HEIO, Financial).

The holdings are mainly concentrated in 10 of the 11 industries: Industrials, Consumer Defensive, Financial Services, Healthcare, Basic Materials, Consumer Cyclical, Energy, Technology, Communication Services, and Real Estate.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.