B. Tweedy, Ch. Browne - Tweedy, Browne Co All Funds (US) Investment Strategy & Portfolio Analysis

As of Jun 30, 2026, B. Tweedy, Ch. Browne's Tweedy, Browne Co All Funds (US) portfolio reflects a concentrated approach across 85 reported 13F positions. Portfolio returns are primarily driven by a small set of high-conviction positions such as CNH Industrial, Ionis Pharmaceuticals,, and Coca Cola Femsa S.A.B. de C.V., with the top five holdings accounting for approximately 53% of total exposure and CNH Industrial alone contributing ~18%. While the portfolio includes 85 positions, economic outcomes are highly concentrated in a narrow set of large-cap financial names. Exposure to high-growth and technology-oriented segments remains limited relative to peers, with performance instead anchored in durable, cash-generating businesses across healthcare, financials, and unknown. The portfolio exhibits extremely low turnover, reinforcing a long-term capital allocation approach centered on high-conviction, long-duration holdings. Distinctive traits include Long-Term Holder, Structurally Diversified.