Tweedy, Browne Portfolio: Focus on Top Holdings and Sector Allocations
Tweedy, Browne Co's fund, as of March 31, 2026, shows significant concentration in CNH Industrial and Ionis Pharmaceuticals, with notable positions in Healthcare, Financial Services, and Industrials sectors.
Top Holdings Analysis
The portfolio's largest position is in CNH Industrial NV, representing approximately 17.61% of the total holdings. This is followed by Ionis Pharmaceuticals at 13.57%, and Coca-Cola Femsa at 9.07%. Other significant holdings include Alphabet Inc. (GOOGL) at 4.53%, Johnson & Johnson (JNJ) at 4.26%, Berkshire Hathaway (BRK-B) at 3.71%, and Wells Fargo (WFC) at 3.26%. The fund also holds notable stakes in Autoliv Inc. (ALV), Envista Holdings (NVST), and FedEx Corp. (FDX).
High Concentration in Key Sectors
The fund exhibits significant sector concentration. Healthcare is a major focus, with substantial allocations to Johnson & Johnson (4.26%), Ionis Pharmaceuticals (13.57%), and Envista Holdings (2.9%). Financial Services is another heavily weighted sector, holding Berkshire Hathaway (3.71%) and Wells Fargo (3.26%). Industrials is represented by FedEx Corp. (2.09%) and Autoliv Inc. (3.2%).
Recent Changes in Holdings
Several holdings show notable changes from the previous period. FedEx Corp. (FDX) experienced a significant decrease in both shares (-34.34%) and percentage allocation (-2.09%). Coca-Cola Femsa (KOF) saw a moderate decrease in shares (-1.57%) and allocation (-0.09%). Conversely, Berkshire Hathaway (BRK-B) saw a slight increase in shares (0.33%) and allocation (0.03%). Other holdings like Ionis Pharmaceuticals (-7.68%), JNJ (-7.03%), and CNH Industrial (-0.15%) showed decreases, while Alphabet (GOOGL) (-0.61%) and Autoliv (ALV) (-4.32%) also saw share reductions.
Investment Strategy Insights
The portfolio's strategy appears to involve significant concentration in specific large-cap companies, particularly in the Healthcare and Financial Services sectors. The inclusion of Alphabet (Communication Services) and Coca-Cola Femsa (Consumer Defensive) suggests diversification into other stable sectors. The slight increase in Berkshire Hathaway, a long-term holding, might indicate continued confidence in its fundamental value. The overall strategy seems focused on established, fundamentally strong companies, albeit with a notable tilt towards certain sectors and specific large positions.
The fund's holdings in sectors like Industrials (FedEx) and Consumer Cyclical (Autoliv) add diversification beyond the core Healthcare and Financial Services focus. The changes observed, including the significant reduction in FedEx and the stability of major holdings like CNH and Ionis, reflect the fund manager's active management approach, adjusting positions based on performance and outlook.