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Insights from the First Quarter of 2026 N-PORT Filing

Tweedy Browne International Value (Trades, Portfolio) recently submitted its N-PORT filing for the first quarter of 2026, 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 explores 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.

Warning! GuruFocus has detected 10 Warning Signs with XTER:DHL. Is XTER:DHL fairly valued? Test your thesis with our free DCF calculator.Tweedy Browne International Value Reduces Stake in Samsung Electronics Co Ltd by 39.48%

Summary of New Buy

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

The most significant addition was Autotrader Group PLC (LSE:AUTO), with 6,283,290 shares, accounting for 1.07% of the portfolio and a total value of 39.18 million. The second largest addition to the portfolio was Bunzl PLC (LSE:BNZL), consisting of 765,834 shares, representing approximately 0.63% of the portfolio, with a total value of 22.97 million. The third largest addition was Springer Nature AG & Co KGaA (XTER:SPG), with 572,760 shares, accounting for 0.33% of the portfolio and a total value of 12.11 million.

Key Position Increases

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

The most notable increase was Sysmex Corp (TSE:6869), with an additional 2,090,630 shares, bringing the total to 2,892,795 shares. This adjustment represents a significant 260.62% increase in share count, a 0.5% impact on the current portfolio, with a total value of ?25,166,690. The second largest increase was Vetropack Holding AG (XSWX:VETN), with an additional 145,201 shares, bringing the total to 282,247. This adjustment represents a significant 105.95% increase in share count, with a total value of CHF8,084,230.

Summary of Sold Out

Tweedy Browne International Value (Trades, Portfolio) completely exited five holdings in the first quarter of 2026, as detailed below:

Story Continues

Wuliangye Yibin Co Ltd (SZSE:000858): Tweedy Browne International Value (Trades, Portfolio) sold all 2,768,830 shares, resulting in a -1.05% impact on the portfolio. Niterra Co Ltd (TSE:5334): Tweedy Browne International Value (Trades, Portfolio) liquidated all 820,800 shares, causing a -0.9% impact on the portfolio.

Key Position Reduces

Tweedy Browne International Value (Trades, Portfolio) also reduced positions in 21 stocks. The most significant changes include:

Reduced Samsung Electronics Co Ltd (XKRX:005930) by 517,775 shares, resulting in a -39.48% decrease in shares and a -1.08% impact on the portfolio. The stock traded at an average price of ?170,576 during the quarter and has returned 46.76% over the past 3 months and 70.14% year-to-date. Reduced Azelis Group NV (XBRU:AZE) by 3,421,800 shares, resulting in a -96.34% reduction in shares and a -0.94% impact on the portfolio. The stock traded at an average price of 8.46 during the quarter and has returned 3.35% over the past 3 months and 0.53% year-to-date.

Portfolio Overview

At the first quarter of 2026, Tweedy Browne International Value (Trades, Portfolio)'s portfolio included 82 stocks. The top holdings included 3.81% in Deutsche Post AG (XTER:DHL), 3.81% in CNH Industrial NV (NYSE:CNH), 3.73% in Heineken Holding NV (XAMS:HEIO), 3.69% in SOL SpA (MIL:SOL), and 3.67% in United Overseas Bank Ltd (SGX:U11).

The holdings are mainly concentrated in 10 of the 11 industries: Industrials, Healthcare, Consumer Defensive, Basic Materials, Financial Services, Consumer Cyclical, Technology, Energy, Communication Services, and Real Estate.Tweedy Browne International Value Reduces Stake in Samsung Electronics Co Ltd by 39.48%

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