Important Notice: Fraudulent Schemes Impersonating Tweedy, Browne Company LLC

There have been recent incidents of individuals and groups falsely claiming to be associated with Tweedy, Browne Company LLC (“Tweedy, Browne”) and its employees on social media platforms and messaging apps. These imposters have engaged in a variety of unauthorized conduct, including soliciting customers to carry out trading activities with them, constructing fake websites that purport to represent or be hosted by Tweedy Browne, and impersonating Tweedy Browne using the genuine names of Tweedy Browne employees to offer investment opportunities.

There have also been fake websites and mobile applications that claim to be Tweedy Browne when in fact they are not. These are scams and not sponsored, endorsed by or in any way affiliated or authorized by Tweedy Browne.
Please be aware that Tweedy Browne does not engage in any investment activities, provide training or financial services, or conduct other regulated activities through social media platforms or messaging apps such as WhatsApp.

Tweedy Browne and its employees, officers, affiliates and agents are not responsible for any conduct by unauthorized parties and channels, nor are they responsible for the services or information provided by such unauthorized parties and channels. You may also submit a report through the Federal Bureau of Investigation’s Internet Crime Complaint Center at https://www.ic3.gov/.

Global Equity Strategy Allocation | Tweedy, Browne

Global Equity

We generally adhere to a policy of broad diversification within individual portfolios.

TWEEDY, BROWNE
Top 25 Equity Holdings Sample portfolio* as of 06/30/2026
Berkshire Hathaway B
6.21
United States

Berkshire Hathaway Inc. is a holding company owning subsidiaries in a variety of business sectors. The Company’s principal operations are insurance business conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire’s other operations include a railway company, a specialty chemical company, and an international association of diversified businesses.

CNH Industrial NV
3.40
United States

CNH Industrial NV through its brands, designs, produces and sells trucks, commercial vehicles, buses, special vehicles, agricultural and construction equipment, in addition to engines and transmissions for those vehicles and engines for marine applications. The company also provides equipment financing services.

Roche Holding AG
3.38
Switzerland

Roche Holding AG develops and manufactures pharmaceutical and diagnostic products. The Company produces prescription drugs in the areas of cardiovascular, infectious, autoimmune, and respiratory diseases, dermatology, metabolic disorders, oncology, transplantation, and the central nervous system.

Safran SA
3.21
France

Safran SA manufactures propulsion, communications, defense, security, and aerospace equipment. The Company produces engines for airplanes, helicopters, missiles and launch vehicles, mobile telephones, printing terminals, broadband networks, landing gear, wheels and brakes, aircraft wiring, inertial navigation systems, optronics, avionics, and fingerprint biometric equipment.

Ionis Pharmaceuticals Inc
3.18
United States

Ionis Pharmaceuticals, Inc. operates as a biotechnology company. The Company researches in RNA-targeted drug discovery and development that focuses on drugs for patients who have unmet medical needs. Ionis Pharmaceuticals serves customers in the United States.

Alphabet Inc – A
3.11
United States

Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.

Novartis
3.04
Switzerland

Novartis AG manufactures pharmaceutical and consumer healthcare products. The Company produces pharmaceuticals for cardiovascular, respiratory and infectious diseases, oncology, neuroscience, transplantation, dermatology, gastrointestinal and urinary conditions, and arthritis, vaccines and diagnostics, vision, and animal health products.

Wells Fargo & Company
2.60
United States

Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.

TotalEnergies SE
2.56
France

TotalEnergies explores for, produces, refines, transports, and markets oil and natural gas. The Company also operates a chemical division which produces polypropylene, polyethylene, polystyrene, rubber, paint, ink, adhesives, and resins. Total operates gasoline filling stations in Europe, the United States, and Africa.

Johnson & Johnson
2.55
United States

Johnson & Johnson manufactures health care products and provides related services for the consumer, pharmaceutical, and medical devices and diagnostics markets. The Company sells products such as skin and hair care products, acetaminophen products, pharmaceuticals, diagnostic equipment, and surgical equipment in countries located around the world.

DHL Group
2.51
Germany

DHL Group operates as a logistics company. The Company offers letter and parcel dispatch, express delivery, freight transport, supply chain management, and e-commerce solutions. DHL Group serves customers worldwide.

United Overseas Bank
2.39
Singapore

United Overseas Bank Limited provides a wide range of financial services including personal financial services, wealth management, private banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management and insurance.

Auto Trader Group PLC
2.22
United Kingdom

Autotrader Group PLC operates a digital automotive marketplace. The Company offers an automotive platform which allows its users to buy and sell a range of vehicles, such as cars, trucks, and vans, as well as provides car finance, insurance, and valuation services. Autotrader Group serves customers in the United Kingdom.

Envista Holdings Corp
2.11
United States

Envista Holdings Corporation operates as a holding company. The Company, through its subsidiaries, provides dental consumables, equipment, and services to dental professionals. Envista Holdings offers its services in the United States.

Nestlé
2.05
Switzerland

Nestle SA is a multinational packaged food company that manufactures and markets a wide range of food products. The Company’s product line includes milk, chocolate, confectionery, bottled water, coffee, creamer, food seasoning and pet foods.

Prudential PLC
1.96
Hong Kong

Prudential Public Limited Company provides long term savings and protection products. The Company offers life and health insurance for long term business including asset management services. Prudential serves customers in Asia and Africa.

Zoetis Inc
1.95
USA

Zoetis Inc. discovers, develops, manufactures, and commercializes animal health medicines and vaccines, with a focus on both livestock and companion animals. The Company markets its
products in North America, Europe, Africa, Asia, Australia, and Latin America.

Samsung Electronics Co., Ltd.
1.94
South Korea

Samsung Electronics Co., Ltd. manufactures a wide range of consumer and industrial electronic equipment and products such as semiconductors, personal computers, peripherals, monitors, televisions, and home appliances including air conditioners and microwave ovens. The Company also produces Internet access network systems and telecommunications equipment including mobile phones.

Heineken Holding
1.85
Netherlands

Heineken Holding NV, through its subsidiary produces and distributes beverages internationally. The Company produces beers, spirits, wines, and soft drinks under various brand names. Heineken operates through numerous subsidiaries and associated companies worldwide.

Sodexo SA
1.83
France

Sodexo operates as a food services company. The Company offers catering services, facilities management, and employee benefit solutions. Sodexo serves school, healthcare sectors, and government agencies worldwide.

 

Computacenter plc
1.83
Great Britain

Computacenter plc provides distributed information technology and related services to corporate and public sector organizations. The Group’s services are divided into three sectors: logistical operations, consolidation and integration, and operational management. Computacenter has operations in the UK, France, Luxembourg, and Belgium.

Rubis SCA
1.81
France

Rubis SCA distributes liquefied petroleum gas and stores bulk liquides. The Company stores hydrocarbons, chemicals, fertilizers and edible oils. Rubis also distributes liquefied petroleum gas (LPG) in Europe.

Johnson Service Group
1.65
Great Britain

Johnson Service Group PLC is a workwear and linen rental services provider. The Group comprises two main divisions: Workwear and HORECA (Hotel, Restaurant, and Catering). Johnson Service Group operates across the UK.

Hana Financial Group
1.53
South Korea

Hana Financial Group Inc., in accordance with Financial Holding Companies Act, was established on December 1, 2005, through stock transfer with the former shareholders of its subsidiaries in order to provide management services and financing to associated companies.

Kemira OYJ
1.50
Finland

Kemira Oyj is a global water chemistry company serving customers in water-intensive industries. The Company offers chemical products and integrated systems that help customers in the water-intensive pulp and paper industry, water treatment chemicals for municipalities and industrial customers, and chemical extraction and process solutions for oil and mining industries.

Total
62.37%
Country Allocations
Sample portfolio* as of 06/30/2026
Market Value
Number of Issues
% EQUITY
Country
Equities
67,525,027
69
100
Developed Europe
32,812,808
34
48.59
Belgium
988,174
2
1.46
Finland
1,013,499
1
1.5
France
9,105,682
9
13.48
Germany
2,446,742
3
3.62
Great Britain
10,891,465
13
16.13
Netherlands
1,994,453
2
2.95
Sweden
655,517
1
0.97
Switzerland
5,717,276
3
8.47
Developed Asia & Pacific
6,848,340
13
10.14
Hong Kong
352,833
1
0.52
Japan
4,879,132
11
7.23
Singapore
1,616,375
1
2.39
Emerging Markets
4,794,333
6
7.1
Mexico
1,648,705
2
2.44
South Korea
3,145,628
4
4.66
U.S. and Canada
23,069,546
16
34.16
Canada
1,009,333
1
1.49
United States
22,060,213
15
32.67
Total
67,525,027
100.00%

Size is often the Achilles heel of an investment management business. Our size allows us the ability to attract necessary resources, while generally affording us the flexibility to meaningfully purchase smaller and medium-sized companies for our clients.

TWEEDY, BROWNE
Market Capitalization Sample portfolio* as of 06/30/2026
% Equity
>50 Billion
40.84
25 - 50 Billion
5.82
10 - 25 Billion
16.75
2 - 10 Billion
28.55
<2 Billion
8.04
Sector Allocations Sample portfolio* as of 06/30/2026
% Equity
Communication Services
6.96
Consumer Discretionary
7.00
Consumer Staples
6.77
Energy
2.56
Financials
16.84
Health Care
23.25
Industrials
20.27
Information Technology
6.00
Materials
8.53
Real Estate
0.00
Utilities
1.81

*This sample portfolio is a fully invested portfolio that has been managed by the firm for over one year with typical portfolio allocations and without significant investment restrictions or cash flows. This sample portfolio is provided for illustrative purposes only. It should not be assumed that the experience of this sample portfolio is representative of the experience of other portfolios in the strategy. Positions held in the portfolio, country, sector and market-capitalization allocations, and other metrics shown are not necessarily representative of other portfolios and are subject to change without notice. It should not be assumed that all recommendations made in the future will be profitable.