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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/.

International Equity Allocation | Tweedy, Browne Managed Accounts

International Equity

The analyst's conclusions must always rest upon the figures and upon established tests and standards.

BENJAMIN GRAHAM, The Intelligent Investor
Top 25 Equity Holdings Sample portfolio* as of 06/30/2026
Roche Holding AG
3.58
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.

CNH Industrial NV
3.43
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.

Safran SA
3.27
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.

Johnson & Johnson
3.14
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.

Johnson Service Group
2.85
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.

Auto Trader Group PLC
2.80
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.

Nestlé
2.71
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.

TotalEnergies SE
2.62
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.

Sol SpA
2.40
Italy

Sol S.p.A. produces industrial and medical gases. The Company produces and markets oxygen, nitrogen, argon, hydrogen, carbon dioxide, acetylene, ammonia, chlorofluoride carbides, aseptic air, nitrous oxide and gas mixtures. Sol also produces gas for electronics, and liquid and compressed helium. The Company manufactures inhalation home care supplies.

National Bank Of Canada
2.34
Canada

National Bank of Canada provides a full array of banking services, including retail, corporate and investment banking. The Bank, through its subsidiaries, is involved in securities brokerage, insurance and wealth management, as well as mutual fund and retirement plan management.

Heineken Holding
2.16
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.

Novartis
2.15
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.

DHL Group
2.13
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.

bioMérieux
2.04
France

bioMérieux provides in vitro diagnostics solutions. The Company develops equipment, tests, and software for immunoassays, microbiology, and molecular biology, as well as specializes in food safety and quality, in vitro diagnostics regulation, and cybersecurity services. bioMérieux serves customers worldwide.

Samsung Electronics Co., Ltd.
2.00
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.

United Overseas Bank
2.00
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.

Kemira OYJ
1.95
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.

CVS Group PLC
1.93
United Kingdom

CVS Group PLC provides animal veterinary and related services. The Company sells animal medicines and a range of pet products directly to consumers. CVS Group operates throughout the United Kingdom.

Prudential PLC
1.88
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.

Computacenter plc
1.74
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
1.73
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.

Sodexo SA
1.65
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.

 

Coca Cola FEMSA
1.64
Mexico

Coca-Cola Femsa, S.A.B. de C.V. (Femsa) bottles beverages. The Company bottles and distributes branded beverages in parts of North, Central and South America. In some countries Femsa also markets water, beer, and other products.

Trelleborg AB
1.63
Sweden

Trelleborg AB manufactures and distribues industrial products. The Company produces noise supression and anti-vibration systems for the automobile industry and completes wheel systems for forest and farm machines and other equipment. Trelleborg also develops and makes industrial fluid systems and polymer and bitumen based building products. The Company markets worldwide.

Berkeley Group Holdings
1.61
United Kingdom

The Berkeley Group Holdings PLC is a residential and commercial property development company focusing on urban regeneration and mixed-use developments. The Company purchases and develops land, in addition to constructing homes, and apartment complexes throughout the South of England, the Midlands, and the North West.

Total
57.38%
Country Allocations
Sample portfolio* as of 06/30/2026
Market Value
Number of Issues
% EQUITY
Country
Equities
64,028,264
77
100
—
Developed Europe
43,390,727
44
67.77
Belgium
1,090,014
2
1.7
Finland
1,248,206
1
1.95
France
10,195,271
10
15.92
Germany
4,124,401
6
6.44
Great Britain
15,566,355
16
24.31
Italy
1,537,741
1
2.4
Netherlands
2,049,254
2
3.2
Sweden
1,043,806
1
1.63
Switzerland
6,535,679
5
10.21
Developed Asia & Pacific
7,800,484
18
12.18
Hong Kong
842,007
3
1.32
Japan
5,679,714
14
8.87
Singapore
1,278,763
1
2
Emerging Markets
5,675,255
9
8.86
China
677,601
2
1.06
Mexico
2,056,819
2
3.21
South Korea
2,940,835
5
4.59
U.S. and Canada
7,161,798
6
11.19
Canada
2,517,719
2
3.93
United States
4,644,079
4
7.25
Total
64,028,264
100.00%

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

TWEEDY, BROWNE
Market Capitalization Sample portfolio* as of 06/30/2026
% Equity
>50 Billion
32.05
25 - 50 Billion
6.88
10 - 25 Billion
12.11
2 - 10 Billion
35.25
<2 Billion
13.72
Sector Allocations Sample portfolio* as of 06/30/2026
% Equity
Communication Services
5.40
Consumer Discretionary
11.41
Consumer Staples
8.71
Energy
2.62
Financials
10.64
Health Care
17.81
Industrials
22.19
Information Technology
5.89
Materials
13.41
Real Estate
0.19
Utilities
1.73

*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. 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.