Classic value
Tweedy, Browne
Q2 2026 13F: 91 holdings worth about $1.3B; that quarter 13 new, 39 added, 20 trimmed, 15 sold out.
13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.
Why This Giant Is Included
- Rule numbers (Q2 2026): 91 holdings, top 10 = 69%, stocks $1.3B, options 0%; all four rules met
- Source for the value approach: Tweedy, Browne | Value Investing Since 1920 (Tweedy, Browne Company LLC): “we use an intensive research and valuation process to identify companies trading at discounts from our estimates of their intrinsic values” (checked 2026-10-11)
13F value
$1.3B
previous $1.3B (+4.9%)
Holdings
91
13 new / 15 sold out
Net deploymentest.
−0.5%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
69%
overlap with the composite 16%
Turnoverest.
7.4%
held 21 quarters on average
I
Trades in Q2 2026
Sorted by position shift: how many percentage points of the portfolio the trade moved.
How to Read This
Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.
II
All Holdings (90 Companies)
Share classes of one company are combined; click a heading to re-sort.
How to Read This
Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.
| Company | Weight (prev.) | Value | This quarter | Quarter-end price | vs cost |
|---|---|---|---|---|---|
| CNHCNH Industrial NV | 17.1%17.6% | $225.9M | Held | $11.23 | +2% |
| IONSIonis Pharmaceuticals Inc | 13.7%13.6% | $180.8M | Held | $79.29 | +124% |
| BRK.BBerkshire Hathaway Inc | 11.9%11.9% | $156.7M | Held | $500.39 | +363% |
| KOFCoca-Cola FEMSA | 9.3%9.1% | $123.3M | Trimmed −1% | $106.25 | +150% |
| JNJJohnson & Johnson | 3.9%4.3% | $51.2M | Trimmed −8% | $253.97 | +312% |
| GOOGLAlphabet Inc | 3.8%4.5% | $50.5M | Trimmed −29% | $357.37 | +880% |
| ALVAutoliv Inc | 3.4%3.2% | $44.5M | Held | $116.17 | +74% |
| WFCWells Fargo & Co | 3.1%3.3% | $41.1M | Trimmed −4% | $82.64 | +161% |
| ZTSZoetis Inc | 3.0%— | $40.0M | New | $71.86 | −24% |
| NVSTEnvista Holdings Corp | 2.9%2.9% | $37.8M | Held | $26.35 | +26% |
| TFCTruist Financial Corp | 2.1%2.0% | $27.2M | Trimmed −2% | $49.82 | +27% |
| UNFUnifirst Corp/ma | 2.0%2.0% | $26.9M | Held | $264.46 | +47% |
| UHAL.BU-Haul Holding Co | 2.0%1.6% | $26.7M | Held | $57.70 | +6% |
| AXPAmerican Express Co | 1.6%1.5% | $21.2M | Held | $338.25 | +108% |
| BACBank of America Corp | 1.6%1.4% | $20.8M | Held | $56.98 | +115% |
| VRTXVertex Pharmaceuticals Inc | 1.5%1.4% | $19.9M | Trimmed −1% | $496.73 | +40% |
| AZOAutoZone Inc | 1.3%1.5% | $17.7M | Held | $3,196 | +418% |
| BNYBank of New York Mellon Corp | 1.1%1.0% | $14.8M | Trimmed −6% | $144.61 | +405% |
| JAZZJazz Pharmaceuticals plc | 1.1%0.9% | $14.5M | Held | $240.97 | +27% |
| NVSNovartis AG | 0.8%0.9% | $11.1M | Held | $156.72 | +207% |
| USBUS Bancorp | 0.8%0.8% | $11.0M | Trimmed −1% | $60.40 | +80% |
| DEODiageo PLC | 0.8%0.7% | $10.1M | Held | $80.38 | +120% |
| TTETotalEnergies SE | 0.7%0.8% | $9.1M | Held | $77.76 | +19% |
| UNPUnion Pacific Corp | 0.4%0.4% | $5.2M | Held | $272.00 | +338% |
| DISWalt Disney Co | 0.3%— | $4.3M | New | $96.25 | −0% |
| GSKGSK PLC | 0.3%0.4% | $4.3M | Held | $52.42 | +62% |
| GLGlobe Life Inc | 0.3%0.3% | $4.0M | Trimmed −20% | $178.68 | +90% |
| KTKT Corp | 0.3%0.3% | $3.9M | Added +33% | $17.28 | −12% |
| BNSBank of Nova Scotia | 0.3%— | $3.7M | New | $86.84 | +11% |
| CSCOCisco Systems Inc | 0.3%0.3% | $3.5M | Trimmed −47% | $117.46 | +433% |
| FDXFedEx Corp | 0.3%2.1% | $3.4M | Trimmed −85% | $313.13 | +38% |
| COPConocoPhillips | 0.3%0.3% | $3.3M | Added +5% | $103.96 | +52% |
| PNCPNC Financial Services Group, Inc | 0.2%0.2% | $3.3M | Added +40% | $246.22 | +19% |
| PGRProgressive Corp | 0.2%0.2% | $3.0M | Held | $218.45 | +126% |
| ULUnilever PLC | 0.2%0.2% | $3.0M | Trimmed −5% | $60.12 | −8% |
| GIIIG-Iii Apparel Group Ltd | 0.2%0.1% | $2.9M | Added +42% | $33.71 | +22% |
| HAFNHafnia Ltd | 0.2%0.2% | $2.8M | Added +10% | $6.59 | +12% |
| ARWArrow Electronics Inc | 0.2%0.1% | $2.7M | Added +10% | $213.41 | +68% |
| DINOHF Sinclair Corp | 0.2%0.1% | $2.7M | Added +31% | $69.65 | +33% |
| ARLPAlliance Resource Partners | 0.2%0.2% | $2.7M | Added +54% | $23.98 | −7% |
| REZIResideo Technologies Inc | 0.2%0.2% | $2.6M | Added +15% | $31.10 | +1% |
| VSNTVersant Media Group, Inc | 0.2%0.1% | $2.5M | Added +84% | $36.01 | −2% |
| ELVElevance Health, Inc | 0.2%0.1% | $2.5M | Added +34% | $386.73 | +13% |
| EVTCEvertec Inc | 0.2%— | $2.5M | New | $27.78 | −1% |
| ALSNAllison Transmission Holdings Inc | 0.2%0.1% | $2.5M | Added +38% | $112.74 | +11% |
| NTRNutrien Ltd | 0.2%0.2% | $2.4M | Added +9% | $62.95 | −0% |
| CROXCrocs, Inc | 0.2%0.1% | $2.3M | Added +37% | $120.64 | +28% |
| ALLYAlly Financial Inc | 0.2%0.1% | $2.2M | Added +41% | $45.95 | +8% |
| BMYBristol-Myers Squibb Co | 0.2%0.1% | $2.2M | Added +44% | $57.62 | +6% |
| CICigna Group | 0.2%0.1% | $2.1M | Added +42% | $275.68 | +2% |
| HTLDHeartland Express Inc | 0.2%0.1% | $2.1M | Added +9% | $15.22 | +60% |
| WUWestern Union CO | 0.2%0.1% | $2.1M | Added +57% | $7.70 | −8% |
| PSXPhillips 66 | 0.2%0.2% | $2.1M | Trimmed −1% | $169.05 | +409% |
| ABGAsbury Automotive Group | 0.2%0.1% | $2.1M | Added +42% | $201.08 | −4% |
| LULUlululemon athletica inc | 0.2%— | $2.1M | New | $114.18 | −15% |
| THOThor Industries Inc | 0.2%— | $2.0M | New | $75.16 | −3% |
| TDWTidewater Inc | 0.1%0.2% | $2.0M | Added +14% | $66.63 | +16% |
| CAGConagra Brands Inc | 0.1%— | $2.0M | New | $13.46 | −8% |
| SIRISirius XM Holdings Inc | 0.1%0.1% | $2.0M | Added +42% | $29.54 | +26% |
| MTDRMatador Resources Co | 0.1%0.1% | $1.9M | Added +34% | $49.78 | −3% |
| UPSUnited Parcel Service | 0.1%0.1% | $1.8M | Added +7% | $107.50 | +13% |
| GLOBGlobant S.A | 0.1%— | $1.8M | New | $28.94 | −23% |
| BLDRBuilders FirstSource, Inc | 0.1%— | $1.8M | New | $89.48 | +4% |
| TAPMolson Coors Beverage Co | 0.1%0.1% | $1.7M | Added +41% | $38.96 | −12% |
| SHOEShoe Station Group Inc | 0.1%— | $1.7M | New | $14.83 | −2% |
| HPHelmerich & Payne, Inc | 0.1%0.1% | $1.7M | Added +8% | $32.75 | +28% |
| UNHUnitedHealth Group Inc | 0.1%0.1% | $1.7M | Added +12% | $415.63 | +20% |
| AAPAdvance Auto Parts Inc | 0.1%0.1% | $1.7M | Added +12% | $62.22 | +27% |
| LKQLKQ Corp | 0.1%0.1% | $1.6M | Added +46% | $26.33 | −10% |
| CNCCentene Corp | 0.1%0.0% | $1.6M | Added +33% | $64.19 | +41% |
| LWLamb Weston Holdings, Inc | 0.1%0.1% | $1.6M | Added +44% | $43.18 | −9% |
| EFOREverforth Inc | 0.1%— | $1.6M | New | $17.87 | 0% |
| BZHBeazer Homes USA Inc | 0.1%0.1% | $1.5M | Added +8% | $28.05 | +30% |
| DVNDevon Energy Corp | 0.1%0.1% | $1.4M | Added +33% | $41.32 | +4% |
| KVUEKenvue Inc | 0.1%0.1% | $1.4M | Added +78% | $19.11 | −1% |
| LPGDorian LPG Ltd | 0.1%0.1% | $1.4M | Added +12% | $34.78 | +25% |
| EMREmerson Electric Co | 0.1%0.1% | $1.3M | Trimmed −2% | $143.15 | +239% |
| AMNAMN Healthcare Services Inc | 0.1%0.0% | $1.2M | Added +33% | $32.37 | +59% |
| BSMBlack Stone Minerals, L.P | 0.1%0.1% | $1.2M | Added +8% | $13.97 | +1% |
| VZVerizon Communications Inc | 0.1%0.1% | $1.0M | Held | $42.34 | −12% |
| CMCSAComcast Corp | 0.1%0.1% | $769K | Trimmed −1% | $24.55 | −27% |
| HLNHaleon plc | 0.1%0.1% | $672K | Trimmed −1% | $9.33 | +53% |
| OECOrion S.A | 0.0%0.0% | $600K | Added +48% | $6.63 | −15% |
| FMCFMC Corp | 0.0%0.0% | $505K | Added +42% | $11.50 | −76% |
| BABAAlibaba Group Holding Ltd | 0.0%0.0% | $380K | Trimmed −2% | $95.98 | −61% |
| FDXFFedEx Freight Holding Company, Inc | 0.0%— | $333K | New | $151.00 | 0% |
| CNXCConcentrix Corp | 0.0%0.0% | $301K | Trimmed −1% | $22.41 | −80% |
| INTCIntel Corp | 0.0%— | $209K | New | $139.63 | +52% |
| MICCMagnum Ice Cream Co N.V | 0.0%0.0% | $203K | Trimmed −3% | $17.41 | +10% |
| BAXBaxter International Inc | 0.0%0.0% | $202K | Trimmed −3% | $21.32 | −57% |
III
Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost
How to Read This
Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.
above costbelow costwithin 5%
IV
Over Time
From Q1 1999, 110 quarters (this giant’s electronic 13F filings).
13F Value
Holdings
Top-10 Concentration
Turnover (Est.)
Sector Mix
Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
V
Quarter by Quarter, with the Original Filings
* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.
Show 110 Quarters
| Quarter | Holdings | 13F value | SEC |
|---|---|---|---|
| Q2 2026 | 91 | $1.3B | 13F-HR |
| Q1 2026 | 93 | $1.3B | 13F-HR |
| Q4 2025 | 96 | $1.2B | 13F-HR |
| Q3 2025 | 97 | $1.2B | 13F-HR |
| Q2 2025 | 91 | $1.1B | 13F-HR |
| Q1 2025 | 59 | $1.1B | 13F-HR |
| Q4 2024 | 43 | $1.5B | 13F-HR |
| Q3 2024 | 43 | $2.1B | 13F-HR |
| Q2 2024 | 44 | $2.2B | 13F-HR |
| Q1 2024 | 45 | $2.1B | 13F-HR |
| Q4 2023 | 45 | $2.0B | 13F-HR |
| Q3 2023 | 47 | $1.9B | 13F-HR |
| Q2 2023 | 46 | $1.9B | 13F-HR |
| Q1 2023 | 44 | $1.8B | 13F-HR |
| Q4 2022 | 45 | $1.9B | 13F-HR |
| Q3 2022 | 46 | $2.3B | 13F-HR |
| Q2 2022 | 45 | $2.4B | 13F-HR |
| Q1 2022 | 44 | $3.1B | 13F-HR |
| Q4 2021 | 42 | $3.2B | 13F-HR |
| Q3 2021 | 46 | $3.0B | 13F-HR |
| Q2 2021 | 46 | $3.6B | 13F-HR |
| Q1 2021 | 46 | $3.4B | 13F-HR |
| Q4 2020 | 48 | $3.2B | 13F-HR |
| Q3 2020 | 47 | $2.6B | 13F-HR |
| Q2 2020 | 43 | $2.5B | 13F-HR |
| Q1 2020 | 46 | $2.2B | 13F-HR |
| Q4 2019 | 43 | $2.8B | 13F-HR |
| Q3 2019 | 47 | $2.8B | 13F-HR |
| Q2 2019 | 49 | $2.8B | 13F-HR |
| Q1 2019 | 47 | $3.0B | 13F-HR |
| Q4 2018 | 47 | $2.8B | 13F-HR |
| Q3 2018 | 45 | $3.3B | 13F-HR |
| Q2 2018 | 44 | $3.2B | 13F-HR |
| Q1 2018 | 46 | $3.3B | 13F-HR |
| Q4 2017 | 50 | $3.6B | 13F-HR |
| Q3 2017 | 53 | $3.7B | 13F-HR |
| Q2 2017 | 51 | $3.4B | 13F-HR |
| Q1 2017 | 52 | $3.5B | 13F-HR |
| Q4 2016 | 49 | $3.2B | 13F-HR |
| Q3 2016 | 50 | $3.3B | 13F-HR |
| Q2 2016 | 50 | $3.6B | 13F-HR |
| Q1 2016 | 50 | $3.6B | 13F-HR |
| Q4 2015 | 49 | $3.4B | 13F-HR |
| Q3 2015 | 49 | $3.4B | 13F-HR |
| Q2 2015 | 47 | $3.6B | 13F-HR |
| Q1 2015 | 47 | $3.7B | 13F-HR |
| Q4 2014 | 49 | $3.9B | 13F-HR |
| Q3 2014 | 49 | $4.3B | 13F-HR |
| Q2 2014 | 49 | $4.7B | 13F-HR |
| Q1 2014 | 47 | $4.3B | 13F-HR |
| Q4 2013 | 49 | $4.3B | 13F-HR |
| Q3 2013 | 49 | $4.2B | 13F-HR |
| Q2 2013 | 50 | $4.0B | 13F-HR |
| Q1 2013 | 55 | $3.7B | 13F-HR |
| Q4 2012 | 56 | $3.3B | 13F-HR |
| Q3 2012 | 53 | $2.7B | 13F-HR |
| Q2 2012 | 52 | $2.7B | 13F-HR |
| Q1 2012 | 55 | $2.8B | 13F-HR |
| Q4 2011 | 55 | $2.7B | 13F-HR |
| Q3 2011 | 54 | $2.4B | 13F-HR |
| Q2 2011 | 55 | $2.9B | 13F-HR |
| Q1 2011 | 53 | $2.9B | 13F-HR |
| Q4 2010 | 57 | $2.7B | 13F-HR |
| Q3 2010 | 56 | $2.6B | 13F-HR |
| Q2 2010 | 54 | $2.3B | 13F-HR |
| Q1 2010 | 52 | $2.5B | 13F-HR |
| Q4 2009 | 50 | $2.6B | 13F-HR 13F-HR/A |
| Q3 2009 | 48 | $1.7B | 13F-HR |
| Q2 2009 | 50 | $1.6B | 13F-HR |
| Q1 2009 | 51 | $1.3B | 13F-HR |
| Q4 2008 | 55 | $1.5B | 13F-HR |
| Q3 2008 | 59 | $1.8B | 13F-HR |
| Q2 2008 | 61 | $2.0B | 13F-HR |
| Q1 2008 | 64 | $2.4B | 13F-HR |
| Q4 2007 | 66 | $2.4B | 13F-HR |
| Q3 2007 | 69 | $2.6B | 13F-HR |
| Q2 2007 | 67 | $3.2B | 13F-HR |
| Q1 2007 | 72 | $3.1B | 13F-HR |
| Q4 2006 | 73 | $3.3B | 13F-HR |
| Q3 2006 | 73 | $3.1B | 13F-HR 13F-HR/A |
| Q2 2006 | 65 | $2.8B | 13F-HR |
| Q1 2006 | 66 | $2.7B | 13F-HR |
| Q4 2005 | 71 | $2.7B | 13F-HR |
| Q3 2005 | 73 | $2.7B | 13F-HR |
| Q2 2005 | 72 | $2.7B | 13F-HR |
| Q1 2005 | 75 | $2.6B | 13F-HR |
| Q4 2004 | 81 | $3.0B | 13F-HR |
| Q3 2004 | 82 | $2.8B | 13F-HR |
| Q2 2004 | 88 | $2.9B | 13F-HR |
| Q1 2004 | 98 | $2.9B | 13F-HR 13F-HR/A |
| Q4 2003 | 103 | $2.9B | 13F-HR |
| Q3 2003 | 104 | $2.8B | 13F-HR |
| Q2 2003 | 107 | $2.8B | 13F-HR |
| Q1 2003 | 111 | $2.7B | 13F-HR |
| Q4 2002 | 113 | $3.0B | 13F-HR |
| Q3 2002 | 113 | $2.8B | 13F-HR |
| Q2 2002 | 119 | $3.5B | 13F-HR |
| Q1 2002 | 141 | $4.0B | 13F-HR 13F-HR/A |
| Q4 2001 | 112 | $3.8B | 13F-HR |
| Q3 2001 | 112 | $3.6B | 13F-HR |
| Q2 2001 | 113 | $3.9B | 13F-HR |
| Q1 2001 | 116 | $4.1B | 13F-HR |
| Q4 2000 | 114 | $4.1B | 13F-HR |
| Q3 2000 | 118 | $4.1B | 13F-HR |
| Q2 2000 | 131 | $3.8B | 13F-HR |
| Q1 2000 | 137 | $3.8B | 13F-HR 13F-HR/A |
| Q4 1999 | 143 | $4.0B | 13F-HR |
| Q3 1999 * | 152 | $4.1B | 13F-HR |
| Q2 1999 * | 157 | $4.5B | 13F-HR |
| Q1 1999 * | 156 | $4.1B | 13F-HR |
VI
Large Positions Sold Out
Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.
How to Read This
Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.
| Company | Held | Peak weight | Company since |
|---|---|---|---|
| GOOGLAlphabet Inc | Q4 2015 – Q4 2025 | 8% | — |
| BIDUBaidu, Inc | Q1 2017 – Q3 2024 | 10% | — |
| INTCIntel Corp | Q3 2020 – Q4 2023 | 2% | — |
| FOXAFox Corp | Q4 2019 – Q1 2023 | 3% | — |
| —GlaxoSmithKline PLC | Q1 1999 – Q4 2022 | 4% | No SEC record found |
| MMM3M Co | Q4 2008 – Q2 2022 | 5% | — |
| ANATAmerican National Group LLC | Q1 2003 – Q2 2022 | 4% | — |
| AXPAmerican Express Co | Q1 1999 – Q4 2021 | 15% | — |
| UNFUnifirst Corp/ma | Q4 2004 – Q1 2021 | 4% | — |
| —Unilever N V -NY Shares | Q2 1999 – Q4 2020 | 16% | Acquired or delisted Dec 10, 2020 |
| HALHalliburton Co | Q4 2012 – Q2 2020 | 8% | Still filing with the SEC |
| —Globe Life Inc | Q4 1999 – Q2 2020 | 5% | Still filing with the SEC |
| MRCMRC Global Inc | Q3 2015 – Q2 2020 | 3% | Still filing with the SEC |
| DVNDevon Energy Corp | Q4 2008 – Q4 2019 | 7% | — |
| AGCOAGCO Corp | Q4 2014 – Q3 2019 | 2% | — |
| PMPhilip Morris International Inc | Q1 2008 – Q2 2018 | 16% | — |
| WMTWalmart Inc | Q1 2006 – Q2 2017 | 5% | — |
| BXLTBaxalta Inc | Q3 2015 – Q2 2016 | 3% | Acquired or delisted Feb 7, 2019 |
| BROBrown & Brown Inc | Q4 2009 – Q1 2016 | 2% | — |
| CMCSAComcast Corp | Q2 2004 – Q4 2015 | 6% | Still filing with the SEC |
| —Google LLC | Q1 2014 – Q4 2015 | 4% | Acquired or delisted Feb 12, 2016 |
| —Google LLC | Q2 2014 – Q4 2015 | 3% | Acquired or delisted Feb 12, 2016 |
| JOYKomatsu Mining Corp | Q4 2012 – Q1 2015 | 5% | Acquired or delisted Apr 17, 2017 |
| FHIFederated Hermes Inc | Q3 1999 – Q1 2015 | 3% | Still filing with the SEC |
| BSBRBanco Santander (Brasil) S.A | Q2 2013 – Q4 2014 | 9% | Still filing with the SEC |
| —Google LLC | Q2 2012 – Q1 2014 | 4% | Acquired or delisted Feb 12, 2016 |
| NSCNorfolk Southern Corp | Q3 2007 – Q2 2013 | 3% | — |
| SKMSK Telecom Co Ltd | Q3 2006 – Q4 2011 | 10% | No SEC record found |
| TRHTransatlantic Holdings Inc | Q1 1999 – Q3 2011 | 6% | Acquired or delisted Mar 16, 2012 |
| HDHome Depot Inc | Q4 2006 – Q1 2011 | 6% | — |
| RYNRayonier Inc | Q1 1999 – Q1 2011 | 3% | — |
| BNIBurlington Northern Santa Fe | Q3 2007 – Q1 2010 | 6% | Still filing with the SEC |
| —Elevance Health, Inc | Q2 2008 – Q1 2010 | 2% | Still filing with the SEC |
| —Ust LLC | Q1 1999 – Q1 2009 | 2% | Acquired or delisted Apr 20, 2009 |
| PNCPNC Financial Services Group, Inc | Q1 1999 – Q4 2008 | 4% | — |
| WFCWells Fargo & Co | Q1 1999 – Q4 2008 | 4% | — |
| SUTMQSun-Times Media Group Inc | Q3 2006 – Q4 2008 | 2% | — |
| —American International Group, Inc | Q2 2006 – Q3 2008 | 16% | Still filing with the SEC |
| BMYBristol-Myers Squibb Co | Q2 2000 – Q2 2008 | 3% | — |
| BACBank of America Corp | Q1 2002 – Q2 2008 | 3% | — |