B. Tweedy, Ch. Browne - Tweedy, Browne Co All Funds (US) 13F Activity & Position Changes (Q1 2016)

As of Mar 31, 2016, the Tweedy, Browne Co All Funds (US) portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 06, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2016, the filing reported:

New Buys - Avnet, Inc.

Increases - AGCO Corporation, The Bank of New York Mellon Cor, Cisco, International Business Machines, Shenandoah Telecommunications C

Reductions - American Express Company, Baxter International Inc., Berkshire Hathaway Inc. New, Comcast Corporation, ConocoPhillips, and 19 more

Complete Exits - Brown & Brown, Inc.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2016	AGCO AGCO Corporation	AGCO Corporation	Buy	+249,942	+48.1%	$38.25K	769,621
Q1 2016	AVT Avnet, Inc.	Avnet, Inc.	Buy - Position Entry	+671,193	-	$29.73K	671,193
Q1 2016	AXP American Express Company	American Express Company	Sell	-3,736	-1.4%	$15.98K	260,310
Q1 2016	BAX Baxter International Inc.	Baxter International Inc.	Sell	-2,999	-0.1%	$102.40K	2,492,683
Q1 2016	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+1,481,750	+40.8%	$188.35K	5,114,085
Q1 2016	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-2,371	-0.6%	$54.40K	383,428
Q1 2016	BRO Brown & Brown, Inc.	Brown & Brown, Inc.	Sell - Position Exit	-11,105	-100.0%	$0.00	-
Q1 2016	CMCSA Comcast Corporation	Comcast Corporation	Sell	-4,547	-0.4%	$66.84K	1,094,238
Q1 2016	COP ConocoPhillips	ConocoPhillips	Sell	-16,757	-0.6%	$108.82K	2,702,213
Q1 2016	CSCO Cisco	Cisco	Buy	+4,244,441	+45.0%	$389.67K	13,686,896
Q1 2016	DEO Diageo	Diageo	Sell	-1,935	-0.6%	$34.72K	321,837
Q1 2016	DNOW DNOW Inc.	DNOW Inc.	Sell	-13,520	-15.9%	$1.27K	71,428
Q1 2016	DVN Devon Energy Corporation	Devon Energy Corporation	Sell	-2,095	-0.1%	$104.05K	3,792,014
Q1 2016	EMR Emerson Electric Company	Emerson Electric Company	Sell	-69,721	-3.6%	$100.59K	1,849,788
Q1 2016	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-85	-0.1%	$104.27K	139,971
Q1 2016	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-85	-0.1%	$106.55K	139,660
Q1 2016	HAL Halliburton Company	Halliburton Company	Sell	-215,103	-4.0%	$182.79K	5,117,260
Q1 2016	HSBC HSBC Holdings, plc.	HSBC Holdings, plc.	Sell	-2,323	-1.3%	$5.38K	172,786
Q1 2016	IBM International Business Machines	International Business Machines	Buy	+73,690	+22.0%	$61.96K	409,100
Q1 2016	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-309,904	-8.4%	$366.09K	3,383,445
Q1 2016	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-2,433	-0.9%	$25.44K	269,240
Q1 2016	MMM 3M Company	3M Company	Sell	-11,160	-1.1%	$170.96K	1,025,992
Q1 2016	NVS Novartis	Novartis	Sell	-4,537	-1.9%	$17.22K	237,664
Q1 2016	PM Philip Morris International Inc	Philip Morris International Inc	Sell	-13,456	-0.7%	$176.39K	1,797,894
Q1 2016	PSX Phillips 66	Phillips 66	Sell	-785	-0.2%	$34.28K	395,929
Q1 2016	SHEN Shenandoah Telecommunications C	Shenandoah Telecommunications C	Buy	+39,840	+100.0%	$2.13K	79,680
Q1 2016	UNF Unifirst Corporation	Unifirst Corporation	Sell	-865	-0.5%	$20.54K	188,241
Q1 2016	UNP Union Pacific Corporation	Union Pacific Corporation	Sell	-1,708	-0.4%	$36.70K	461,413
Q1 2016	VZ Verizon Communications Inc.	Verizon Communications Inc.	Sell	-27,180	-1.6%	$87.65K	1,620,690
Q1 2016	WFC Wells Fargo & Company	Wells Fargo & Company	Sell	-35,015	-0.8%	$223.93K	4,630,560

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