B. Tweedy, Ch. Browne - Tweedy, Browne Co All Funds (US) 13F Activity & Position Changes (Q4 2017)

According to the SEC 13F filed on Aug 07, 2026, the Tweedy, Browne Co All Funds (US) portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2017. 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 Q4 2017, the filing reported:

New Buys - Devon Energy Corporation, Mastercard Incorporated, WPP plc

Increases - None reported

Reductions - AGCO Corporation, Avnet, Inc., American Express Company, AutoZone, Inc., Baxter International Inc., and 23 more

Complete Exits - International Business Machines, Merck & Company, 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
Q4 2017	AGCO AGCO Corporation	AGCO Corporation	Sell	-297,661	-31.6%	$46.02K	644,229
Q4 2017	AVT Avnet, Inc.	Avnet, Inc.	Sell	-5,855	-1.0%	$23.11K	583,291
Q4 2017	AXP American Express Company	American Express Company	Sell	-38,435	-11.0%	$30.98K	311,996
Q4 2017	AZO AutoZone, Inc.	AutoZone, Inc.	Sell	-2,170	-2.1%	$71.08K	99,919
Q4 2017	BAX Baxter International Inc.	Baxter International Inc.	Sell	-15,355	-1.0%	$98.07K	1,517,179
Q4 2017	BIDU Baidu, Inc.	Baidu, Inc.	Sell	-16,740	-1.2%	$325.52K	1,389,864
Q4 2017	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Sell	-137,901	-3.0%	$240.98K	4,474,186
Q4 2017	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-16	-1.5%	$318.73K	1,071
Q4 2017	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-41,432	-14.2%	$49.45K	249,479
Q4 2017	CMCSA Comcast Corporation	Comcast Corporation	Sell	-1,140,137	-64.2%	$25.50K	636,706
Q4 2017	COP ConocoPhillips	ConocoPhillips	Sell	-28,350	-1.5%	$103.81K	1,891,226
Q4 2017	CSCO Cisco	Cisco	Sell	-231,841	-2.2%	$392.15K	10,239,000
Q4 2017	DEO Diageo plc	Diageo plc	Sell	-8,618	-2.8%	$42.96K	294,207
Q4 2017	DNOW DNOW Inc.	DNOW Inc.	Sell	-80	-0.2%	$551.00	49,982
Q4 2017	DVN Devon Energy Corporation	Devon Energy Corporation	Buy - Position Entry	+2,722,648	-	$112.72K	2,722,648
Q4 2017	EMR Emerson Electric Company	Emerson Electric Company	Sell	-86,207	-7.0%	$80.07K	1,148,881
Q4 2017	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-1,518	-1.2%	$130.45K	124,667
Q4 2017	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-1,609	-1.2%	$138.92K	131,877
Q4 2017	HAL Halliburton Company	Halliburton Company	Sell	-106,720	-3.1%	$163.88K	3,353,454
Q4 2017	HSBC HSBC Holdings, plc.	HSBC Holdings, plc.	Sell	-26,490	-15.6%	$7.38K	142,903
Q4 2017	IBM International Business Machines	International Business Machines	Sell - Position Exit	-234,755	-100.0%	$0.00	-
Q4 2017	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-44,303	-1.9%	$314.13K	2,248,251
Q4 2017	MA Mastercard Incorporated	Mastercard Incorporated	Buy - Position Entry	+248,429	-	$37.60K	248,429
Q4 2017	MMM 3M Company	3M Company	Sell	-45,264	-8.1%	$120.21K	510,722
Q4 2017	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell - Position Exit	-3,306	-100.0%	$0.00	-
Q4 2017	NVS Novartis AG	Novartis AG	Sell	-8,206	-4.2%	$15.85K	188,746
Q4 2017	PM Philip Morris International Inc	Philip Morris International Inc	Sell	-53,485	-4.4%	$124.04K	1,174,033
Q4 2017	PSX Phillips 66	Phillips 66	Sell	-19,280	-4.9%	$37.79K	373,642
Q4 2017	UL Unilever PLC	Unilever PLC	Sell	-57,047	-20.4%	$12.32K	222,677
Q4 2017	UNF Unifirst Corporation	Unifirst Corporation	Sell	-180	-0.5%	$5.91K	35,836

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