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Tweedy Browne

Jun 2025 → Jun 2026 · Publishes quarterly · 3 funds

Our archive holds 7 letters from Tweedy Browne, behind 3 investment theses and positions in 25 companies. Every quote below is copied verbatim from the letter it came from.

Tweedy Browne’s own letters page
7
Letters
25
Companies
26
Moves
3
Theses

What they bought and sold · 26 moves

  • ExitedSopra Steria
    June 2026
    “We decided to move on from our position in Sopra Steria, which has been a disappointment.”
    Read the letter
  • TrimmedRoche
    June 2026
    “Several portfolio holdings which had reached or neared our estimate of intrinsic value were trimmed, including Nestle, Novartis, Roche, Embotelladora Andina, and Samsung Electronics.”
    Read the letter
  • TrimmedSol SpA
    June 2026
    “On the sell side, we took advantage of strength in the chemicals industry by trimming or liquidating the Funds’ position in Fuso Chemical, Sol SpA, and Kuraray.”
    Read the letter
  • New positionWinpak
    June 2026
    “This included the establishment of new positions in Alliance Resource Partners, Autotrader Group, Berkeley Group Holdings, Capgemini, Euronet Worldwide Inc, Koito Manufacturing Co, Krafton Inc, Metropolitan Bank & Trust Company, Sega Sammy Holdings Inc, Suzuken Co Ltd, Western Union, Winpak Ltd, and Zoetis, Inc.”
    Read the letter
  • New positionAlliance Resource Partners
    June 2026
    “This included the establishment of new positions in Alliance Resource Partners, Autotrader Group, Berkeley Group Holdings, Capgemini, Euronet Worldwide Inc, Koito Manufacturing Co, Krafton Inc, Metropolitan Bank & Trust Company, Sega Sammy Holdings Inc, Suzuken Co Ltd, Western Union, Winpak Ltd, and Zoetis, Inc.”
    Read the letter
  • AddedNihon Nohyaku
    June 2026
    “We also added to the Funds’ positions in Autotrader, Berkeley Group Holdings, and Nihon Nohyaku, among others, at what we believe are still discounted prices.”
    Read the letter
  • New positionMetropolitan Bank & Trust Company
    June 2026
    “This included the establishment of new positions in Alliance Resource Partners, Autotrader Group, Berkeley Group Holdings, Capgemini, Euronet Worldwide Inc, Koito Manufacturing Co, Krafton Inc, Metropolitan Bank & Trust Company, Sega Sammy Holdings Inc, Suzuken Co Ltd, Western Union, Winpak Ltd, and Zoetis, Inc.”
    Read the letter
  • TrimmedMegacable
    June 2026
    “We continued to trim the positions in Megacable and Hang Lung Group, which have not met our expectations to this point, in order deploy cash in what we believe to be better opportunities.”
    Read the letter
  • New positionZoetis
    June 2026
    “This included the establishment of new positions in Alliance Resource Partners, Autotrader Group, Berkeley Group Holdings, Capgemini, Euronet Worldwide Inc, Koito Manufacturing Co, Krafton Inc, Metropolitan Bank & Trust Company, Sega Sammy Holdings Inc, Suzuken Co Ltd, Western Union, Winpak Ltd, and Zoetis, Inc.”
    Read the letter
  • TrimmedFuso Chemical
    June 2026
    “On the sell side, we took advantage of strength in the chemicals industry by trimming or liquidating the Funds’ position in Fuso Chemical, Sol SpA, and Kuraray.”
    Read the letter
  • New positionKrafton
    June 2026
    “This included the establishment of new positions in Alliance Resource Partners, Autotrader Group, Berkeley Group Holdings, Capgemini, Euronet Worldwide Inc, Koito Manufacturing Co, Krafton Inc, Metropolitan Bank & Trust Company, Sega Sammy Holdings Inc, Suzuken Co Ltd, Western Union, Winpak Ltd, and Zoetis, Inc.”
    Read the letter
  • TrimmedNestlé
    June 2026
    “Several portfolio holdings which had reached or neared our estimate of intrinsic value were trimmed, including Nestle, Novartis, Roche, Embotelladora Andina, and Samsung Electronics.”
    Read the letter
  • New positionbioMérieux
    June 2026
    “Among the new positions established during the quarter were Capgemini, the French business and information technology consultant, and bioMérieux, the French, family-controlled biotechnology company”
    Read the letter
  • New positionCapgemini
    June 2026
    “Among the new positions established during the quarter were Capgemini, the French business and information technology consultant, and bioMérieux, the French, family-controlled biotechnology company”
    Read the letter
  • AddedBerkeley Group Holdings
    June 2026
    “We also added to the Funds’ positions in Autotrader, Berkeley Group Holdings, and Nihon Nohyaku, among others, at what we believe are still discounted prices.”
    Read the letter
  • New positionSega Sammy Holdings
    June 2026
    “This included the establishment of new positions in Alliance Resource Partners, Autotrader Group, Berkeley Group Holdings, Capgemini, Euronet Worldwide Inc, Koito Manufacturing Co, Krafton Inc, Metropolitan Bank & Trust Company, Sega Sammy Holdings Inc, Suzuken Co Ltd, Western Union, Winpak Ltd, and Zoetis, Inc.”
    Read the letter
  • TrimmedNovartis
    June 2026
    “Several portfolio holdings which had reached or neared our estimate of intrinsic value were trimmed, including Nestle, Novartis, Roche, Embotelladora Andina, and Samsung Electronics.”
    Read the letter
  • TrimmedEmbotelladora Andina
    June 2026
    “Several portfolio holdings which had reached or neared our estimate of intrinsic value were trimmed, including Nestle, Novartis, Roche, Embotelladora Andina, and Samsung Electronics.”
    Read the letter
  • New positionEuronet Worldwide
    June 2026
    “This included the establishment of new positions in Alliance Resource Partners, Autotrader Group, Berkeley Group Holdings, Capgemini, Euronet Worldwide Inc, Koito Manufacturing Co, Krafton Inc, Metropolitan Bank & Trust Company, Sega Sammy Holdings Inc, Suzuken Co Ltd, Western Union, Winpak Ltd, and Zoetis, Inc.”
    Read the letter
  • TrimmedSamsung Electronics
    June 2026
    “Several portfolio holdings which had reached or neared our estimate of intrinsic value were trimmed, including Nestle, Novartis, Roche, Embotelladora Andina, and Samsung Electronics.”
    Read the letter
  • AddedAutotrader Group
    June 2026
    “We also added to the Funds’ positions in Autotrader, Berkeley Group Holdings, and Nihon Nohyaku, among others, at what we believe are still discounted prices.”
    Read the letter
  • TrimmedHang Lung Group
    June 2026
    “We continued to trim the positions in Megacable and Hang Lung Group, which have not met our expectations to this point, in order deploy cash in what we believe to be better opportunities.”
    Read the letter
  • New positionWestern Union
    June 2026
    “This included the establishment of new positions in Alliance Resource Partners, Autotrader Group, Berkeley Group Holdings, Capgemini, Euronet Worldwide Inc, Koito Manufacturing Co, Krafton Inc, Metropolitan Bank & Trust Company, Sega Sammy Holdings Inc, Suzuken Co Ltd, Western Union, Winpak Ltd, and Zoetis, Inc.”
    Read the letter
  • TrimmedKuraray
    June 2026
    “On the sell side, we took advantage of strength in the chemicals industry by trimming or liquidating the Funds’ position in Fuso Chemical, Sol SpA, and Kuraray.”
    Read the letter
  • New positionSuzuken
    June 2026
    “This included the establishment of new positions in Alliance Resource Partners, Autotrader Group, Berkeley Group Holdings, Capgemini, Euronet Worldwide Inc, Koito Manufacturing Co, Krafton Inc, Metropolitan Bank & Trust Company, Sega Sammy Holdings Inc, Suzuken Co Ltd, Western Union, Winpak Ltd, and Zoetis, Inc.”
    Read the letter
  • New positionKoito Manufacturing
    June 2026
    “This included the establishment of new positions in Alliance Resource Partners, Autotrader Group, Berkeley Group Holdings, Capgemini, Euronet Worldwide Inc, Koito Manufacturing Co, Krafton Inc, Metropolitan Bank & Trust Company, Sega Sammy Holdings Inc, Suzuken Co Ltd, Western Union, Winpak Ltd, and Zoetis, Inc.”
    Read the letter

Companies held · 25

Every company Tweedy Browne has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 3

  • Azelis group
    June 2025

    Azelis Group’s entrenched network, high margins, and asset-light model position it as a durable compounder with compelling long-term reinvestment opportunities.

    Read the full thesis
  • Isuzu Motors
    June 2025

    Isuzu Motors is a well-established Japanese manufacturer with a strong presence in Southeast Asia, offering a nearly 5% dividend and a conservative capital structure, trading at around 10 times estimated earnings.

    Read the full thesis
  • Nakanishi Inc.
    June 2025

    Nakanishi Inc. is a globally competitive Japanese manufacturer of dental handpieces with strong profitability and an attractive discounted valuation.

    Read the full thesis

Letter archive · 7

2026

2025

Funds · 3

  • Tweedy Browne5
  • Tweedy, Browne International Value Fund1
  • Tweedy, Browne International Value Fund (TBGVX)1

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