Tweedy, Browne Co LLC Diversified Active

CIK: 0000732905 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 3, 2026

Total Value ($000): $1,238,551 (100.0% shares, 0.0% debt)

Holdings (96)

New Positions (6)

UNF UNIFIRST CORP 1.6%

Value ($000) $19,687 Shares 102,059 Est. Cost $168.52 Unrealized 0.0%

TTE TOTALENERGIES SE ADR 0.7%

Value ($000) $8,838 Shares 135,090 Est. Cost $63.23 Unrealized 0.0%

UL UNILEVER PLC SPONSORED ADR 0.3%

Value ($000) $3,621 Shares 55,374 Est. Cost $65.40 Unrealized —

— CENOVUS ENERGY 0.1%

Value ($000) $964 Shares 56,920 Est. Cost $16.94 Unrealized —

TAP MOLSON COORS BREWING COMPANY 0.1%

Value ($000) $941 Shares 20,167 Est. Cost $45.79 Unrealized 0.0%

MICC MAGNUM ICE CREAM CO NV ADR 0.0%

Value ($000) $197 Shares 12,438 Est. Cost $15.68 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UNF	UNIFIRST CORP	102,059	$19,687	1.6%	$168.52	0.0%	COM	904708104
TTE	TOTALENERGIES SE ADR	135,090	$8,838	0.7%	$63.23	0.0%	ADR	F92124100
UL	UNILEVER PLC SPONSORED ADR	55,374	$3,621	0.3%	$65.40	—	ADR	904767803
—	CENOVUS ENERGY	56,920	$964	0.1%	$16.94	—	COM	B57FG04CA
TAP	MOLSON COORS BREWING COMPANY	20,167	$941	0.1%	$45.79	0.0%	COM	60871R209
MICC	MAGNUM ICE CREAM CO NV ADR	12,438	$197	0.0%	$15.68	0.0%	ADR	N5505D105

Increased Positions (52)

CNH CNH INDUSTRIAL NV 15.0%

Value ($000) $186,068 (+29.1%) Shares 20,180,953 (+51.9%) Est. Cost $10.49 Unrealized -4.8%

— DIAGEO P L C - ADR 0.9%

Value ($000) $11,199 (-7.6%) Shares 129,808 (+2.2%) Est. Cost $107.32 Unrealized —

GM GENERAL MOTORS 0.2%

Value ($000) $2,090 (+55.6%) Shares 25,695 (+16.7%) Est. Cost $54.44 Unrealized +29.3%

BFH BREAD FINANCIAL HOLDINGS, INC. 0.1%

Value ($000) $1,455 (+54.9%) Shares 19,659 (+16.7%) Est. Cost $57.21 Unrealized +14.8%

ALB ALBEMARLE CORP 0.1%

Value ($000) $639 (+103.7%) Shares 4,517 (+16.7%) Est. Cost $81.84 Unrealized +38.4%

HP HELMERICH & PAYNE 0.1%

Value ($000) $881 (+51.1%) Shares 30,709 (+16.4%) Est. Cost $19.54 Unrealized +36.0%

HLF HERBALIFE LTD 0.1%

Value ($000) $664 (+78.1%) Shares 51,480 (+16.6%) Est. Cost $8.75 Unrealized +21.0%

HCI HCI GROUP INC 0.2%

Value ($000) $2,091 (+16.0%) Shares 10,906 (+16.1%) Est. Cost $155.56 Unrealized +21.1%

KT KT CORP - ADR 0.1%

Value ($000) $1,658 (+20.5%) Shares 87,409 (+23.8%) Est. Cost $19.46 Unrealized —

WU WESTERN UNION 0.1%

Value ($000) $1,003 (+35.9%) Shares 107,753 (+16.6%) Est. Cost $8.18 Unrealized —

GIII G III APPAREL 0.1%

Value ($000) $1,125 (+30.5%) Shares 38,843 (+19.9%) Est. Cost $25.81 Unrealized +10.4%

UPS UNITED PARCEL SERVICE 0.1%

Value ($000) $976 (+36.8%) Shares 9,842 (+15.2%) Est. Cost $88.74 Unrealized +4.5%

BMY BRISTOL-MYERS SQUIBB CO 0.1%

Value ($000) $908 (+39.2%) Shares 16,842 (+16.4%) Est. Cost $46.52 Unrealized +2.2%

ZION ZIONS BANCORPORATION N.A. 0.1%

Value ($000) $1,411 (+20.8%) Shares 24,103 (+16.7%) Est. Cost $53.14 Unrealized +2.5%

ALSN ALLISON TRANSMISSION HLD 0.1%

Value ($000) $987 (+32.4%) Shares 10,077 (+14.8%) Est. Cost $88.42 Unrealized -1.0%

NTR NUTRIEN LTD 0.1%

Value ($000) $1,096 (+27.7%) Shares 17,735 (+21.3%) Est. Cost $57.48 Unrealized +2.4%

FIBK FIRST INTERSTATE BANCSYSTEM INC 0.1%

Value ($000) $1,099 (+26.6%) Shares 31,775 (+16.7%) Est. Cost $28.50 Unrealized +12.7%

ELV ELEVANCE HEALTH 0.1%

Value ($000) $1,097 (+25.9%) Shares 3,128 (+16.0%) Est. Cost $312.09 Unrealized +7.9%

PNC PNC FINANCIAL SERVICES GROUP INC. 0.1%

Value ($000) $1,267 (+21.1%) Shares 6,068 (+16.6%) Est. Cost $195.33 Unrealized -1.3%

AAP ADVANCE AUTO PARTS INC. 0.0%

Value ($000) $597 (-25.4%) Shares 15,179 (+16.6%) Est. Cost $49.31 Unrealized +1.0%

TSN TYSON FOODS 0.1%

Value ($000) $971 (+26.0%) Shares 16,565 (+16.7%) Est. Cost $55.15 Unrealized -1.0%

SNEX STONEX GROUP, INC. 0.2%

Value ($000) $2,157 (+10.0%) Shares 22,676 (+16.7%) Est. Cost $95.33 Unrealized -1.1%

CVS CVS CORP. 0.1%

Value ($000) $959 (+22.8%) Shares 12,085 (+16.7%) Est. Cost $67.85 Unrealized +15.9%

CLF CLEVELAND-CLIFFS INC 0.1%

Value ($000) $805 (+26.9%) Shares 60,627 (+16.6%) Est. Cost $10.03 Unrealized +25.9%

HTLD HEARTLAND EXPRESS INC. 0.1%

Value ($000) $724 (+25.7%) Shares 80,198 (+16.7%) Est. Cost $8.87 Unrealized -6.2%

NE NOBLE CORP PLC 0.1%

Value ($000) $978 (+16.6%) Shares 34,637 (+16.7%) Est. Cost $25.87 Unrealized +13.0%

AGCO AGCO CORP. 0.1%

Value ($000) $1,137 (+13.1%) Shares 10,901 (+16.1%) Est. Cost $102.57 Unrealized +3.3%

LW LAMB WESTON HOLDINGS INC 0.1%

Value ($000) $694 (-15.8%) Shares 16,565 (+16.7%) Est. Cost $54.25 Unrealized +8.2%

CNC CENTENE CORP 0.0%

Value ($000) $496 (+34.6%) Shares 12,048 (+16.7%) Est. Cost $43.10 Unrealized -13.2%

TRMD TORM PLC-A 0.1%

Value ($000) $951 (+15.3%) Shares 48,595 (+21.5%) Est. Cost $18.21 Unrealized +14.2%

CROX CROCS INC 0.1%

Value ($000) $773 (+19.5%) Shares 9,039 (+16.7%) Est. Cost $94.64 Unrealized -11.6%

SFNC SIMMONS FIRS NATIONAL CORP-A 0.1%

Value ($000) $916 (+14.6%) Shares 48,572 (+16.6%) Est. Cost $19.28 Unrealized -3.9%

AN AUTONATION, INC. 0.1%

Value ($000) $1,248 (+10.1%) Shares 6,044 (+16.7%) Est. Cost $197.72 Unrealized +5.2%

DVN DEVON ENERGY CORP 0.0%

Value ($000) $607 (+22.0%) Shares 16,565 (+16.7%) Est. Cost $32.79 Unrealized +5.9%

OBDC BLUE OWL CAPITAL CORP 0.1%

Value ($000) $880 (+13.6%) Shares 70,781 (+16.7%) Est. Cost $13.19 Unrealized -6.3%

BSM BLACKSTONE MINE 0.1%

Value ($000) $662 (+18.0%) Shares 49,829 (+16.7%) Est. Cost $13.14 Unrealized —

COP CONOCOPHILLIPS 0.2%

Value ($000) $2,435 (+4.1%) Shares 26,016 (+5.2%) Est. Cost $56.74 Unrealized +58.6%

REZI RESIDEO TECHNOLOGIES 0.1%

Value ($000) $1,640 (-5.0%) Shares 46,685 (+16.7%) Est. Cost $26.99 Unrealized +37.1%

TDW TIDEWATER INC 0.1%

Value ($000) $837 (+10.6%) Shares 16,565 (+16.7%) Est. Cost $48.56 Unrealized +8.8%

HAFN HAFNIA LTD 0.1%

Value ($000) $1,047 (+8.1%) Shares 196,381 (+21.5%) Est. Cost $5.41 Unrealized +10.2%

UNH UNITEDHEALTH GROUP 0.1%

Value ($000) $812 (+10.0%) Shares 2,459 (+15.1%) Est. Cost $337.79 Unrealized -0.2%

ARLP ALLIANCE RESOURCE PARTNERS LP 0.1%

Value ($000) $1,085 (+7.3%) Shares 46,695 (+16.7%) Est. Cost $25.56 Unrealized —

MTDR MATADOR RESOURCES CO. 0.1%

Value ($000) $767 (+10.3%) Shares 18,081 (+16.7%) Est. Cost $45.90 Unrealized -8.5%

ARW ARROW ELECTRIC 0.1%

Value ($000) $830 (+6.3%) Shares 7,530 (+16.7%) Est. Cost $119.47 Unrealized -4.9%

OEC ORION SA 0.0%

Value ($000) $207 (-18.7%) Shares 39,157 (+16.7%) Est. Cost $9.94 Unrealized -45.4%

PSEC PROSPECT CAPITAL CORP 0.0%

Value ($000) $422 (+9.9%) Shares 162,953 (+16.7%) Est. Cost $2.93 Unrealized -13.1%

LPG DORIAN LPG LIMITED 0.0%

Value ($000) $550 (-4.6%) Shares 22,589 (+16.7%) Est. Cost $26.18 Unrealized +0.1%

BZH BEAZER HOMES USA 0.1%

Value ($000) $646 (-3.7%) Shares 31,872 (+16.6%) Est. Cost $22.65 Unrealized -1.8%

DINO HF SINCLAIR CORP 0.1%

Value ($000) $769 (+2.7%) Shares 16,684 (+16.6%) Est. Cost $41.91 Unrealized +22.4%

AMN AMN HEALTHCARE SERVICES INC 0.0%

Value ($000) $285 (-5.0%) Shares 18,072 (+16.7%) Est. Cost $19.29 Unrealized -7.5%

EMBC EMBECTA CORP 0.0%

Value ($000) $573 (-1.7%) Shares 48,191 (+16.7%) Est. Cost $11.87 Unrealized +10.0%

SIRI SIRIUS XM HOLDINGS INC 0.0%

Value ($000) $602 (+0.3%) Shares 30,120 (+16.7%) Est. Cost $22.23 Unrealized -3.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CNH	CNH INDUSTRIAL NV	20,180,953 (+51.9%)	$186,068 (+29.1%)	15.0%	$10.49	-4.8%	COM	N20944109
—	DIAGEO P L C - ADR	129,808 (+2.2%)	$11,199 (-7.6%)	0.9%	$107.32	—	ADR	25243q205
GM	GENERAL MOTORS	25,695 (+16.7%)	$2,090 (+55.6%)	0.2%	$54.44	+29.3%	COM	37045V100
BFH	BREAD FINANCIAL HOLDINGS, INC.	19,659 (+16.7%)	$1,455 (+54.9%)	0.1%	$57.21	+14.8%	COM	018581108
ALB	ALBEMARLE CORP	4,517 (+16.7%)	$639 (+103.7%)	0.1%	$81.84	+38.4%	COM	012653101
HP	HELMERICH & PAYNE	30,709 (+16.4%)	$881 (+51.1%)	0.1%	$19.54	+36.0%	COM	423452101
HLF	HERBALIFE LTD	51,480 (+16.6%)	$664 (+78.1%)	0.1%	$8.75	+21.0%	COM	G4412G101
HCI	HCI GROUP INC	10,906 (+16.1%)	$2,091 (+16.0%)	0.2%	$155.56	+21.1%	COM	40416E103
KT	KT CORP - ADR	87,409 (+23.8%)	$1,658 (+20.5%)	0.1%	$19.46	—	COM	48268K101
WU	WESTERN UNION	107,753 (+16.6%)	$1,003 (+35.9%)	0.1%	$8.18	—	COM	959802109
GIII	G III APPAREL	38,843 (+19.9%)	$1,125 (+30.5%)	0.1%	$25.81	+10.4%	COM	36237H101
UPS	UNITED PARCEL SERVICE	9,842 (+15.2%)	$976 (+36.8%)	0.1%	$88.74	+4.5%	COM	911312106
BMY	BRISTOL-MYERS SQUIBB CO	16,842 (+16.4%)	$908 (+39.2%)	0.1%	$46.52	+2.2%	COM	110122108
ZION	ZIONS BANCORPORATION N.A.	24,103 (+16.7%)	$1,411 (+20.8%)	0.1%	$53.14	+2.5%	COM	989701107
ALSN	ALLISON TRANSMISSION HLD	10,077 (+14.8%)	$987 (+32.4%)	0.1%	$88.42	-1.0%	COM	01973R101
NTR	NUTRIEN LTD	17,735 (+21.3%)	$1,096 (+27.7%)	0.1%	$57.48	+2.4%	COM	67077M108
FIBK	FIRST INTERSTATE BANCSYSTEM INC	31,775 (+16.7%)	$1,099 (+26.6%)	0.1%	$28.50	+12.7%	COM	32055Y201
ELV	ELEVANCE HEALTH	3,128 (+16.0%)	$1,097 (+25.9%)	0.1%	$312.09	+7.9%	COM	036752103
PNC	PNC FINANCIAL SERVICES GROUP INC.	6,068 (+16.6%)	$1,267 (+21.1%)	0.1%	$195.33	-1.3%	COM	693475105
AAP	ADVANCE AUTO PARTS INC.	15,179 (+16.6%)	$597 (-25.4%)	0.0%	$49.31	+1.0%	COM	00751Y106
TSN	TYSON FOODS	16,565 (+16.7%)	$971 (+26.0%)	0.1%	$55.15	-1.0%	COM	902494103
SNEX	STONEX GROUP, INC.	22,676 (+16.7%)	$2,157 (+10.0%)	0.2%	$95.33	-1.1%	COM	861896108
CVS	CVS CORP.	12,085 (+16.7%)	$959 (+22.8%)	0.1%	$67.85	+15.9%	COM	126650100
CLF	CLEVELAND-CLIFFS INC	60,627 (+16.6%)	$805 (+26.9%)	0.1%	$10.03	+25.9%	COM	185899101
HTLD	HEARTLAND EXPRESS INC.	80,198 (+16.7%)	$724 (+25.7%)	0.1%	$8.87	-6.2%	COM	422347104
NE	NOBLE CORP PLC	34,637 (+16.7%)	$978 (+16.6%)	0.1%	$25.87	+13.0%	COM	G65431127
AGCO	AGCO CORP.	10,901 (+16.1%)	$1,137 (+13.1%)	0.1%	$102.57	+3.3%	COM	001084102
LW	LAMB WESTON HOLDINGS INC	16,565 (+16.7%)	$694 (-15.8%)	0.1%	$54.25	+8.2%	COM	513272104
CNC	CENTENE CORP	12,048 (+16.7%)	$496 (+34.6%)	0.0%	$43.10	-13.2%	COM	15135B101
TRMD	TORM PLC-A	48,595 (+21.5%)	$951 (+15.3%)	0.1%	$18.21	+14.2%	COM	G89479102
CROX	CROCS INC	9,039 (+16.7%)	$773 (+19.5%)	0.1%	$94.64	-11.6%	COM	227046109
SFNC	SIMMONS FIRS NATIONAL CORP-A	48,572 (+16.6%)	$916 (+14.6%)	0.1%	$19.28	-3.9%	COM	828730200
AN	AUTONATION, INC.	6,044 (+16.7%)	$1,248 (+10.1%)	0.1%	$197.72	+5.2%	COM	05329W102
DVN	DEVON ENERGY CORP	16,565 (+16.7%)	$607 (+22.0%)	0.0%	$32.79	+5.9%	COM	25179M103
OBDC	BLUE OWL CAPITAL CORP	70,781 (+16.7%)	$880 (+13.6%)	0.1%	$13.19	-6.3%	COM	69121K104
BSM	BLACKSTONE MINE	49,829 (+16.7%)	$662 (+18.0%)	0.1%	$13.14	—	COM	09225M101
COP	CONOCOPHILLIPS	26,016 (+5.2%)	$2,435 (+4.1%)	0.2%	$56.74	+58.6%	COM	20825C104
REZI	RESIDEO TECHNOLOGIES	46,685 (+16.7%)	$1,640 (-5.0%)	0.1%	$26.99	+37.1%	COM	76118Y104
TDW	TIDEWATER INC	16,565 (+16.7%)	$837 (+10.6%)	0.1%	$48.56	+8.8%	COM	88642R109
HAFN	HAFNIA LTD	196,381 (+21.5%)	$1,047 (+8.1%)	0.1%	$5.41	+10.2%	COM	Y2990R101
UNH	UNITEDHEALTH GROUP	2,459 (+15.1%)	$812 (+10.0%)	0.1%	$337.79	-0.2%	COM	91324P102
ARLP	ALLIANCE RESOURCE PARTNERS LP	46,695 (+16.7%)	$1,085 (+7.3%)	0.1%	$25.56	—	COM	01877R108
MTDR	MATADOR RESOURCES CO.	18,081 (+16.7%)	$767 (+10.3%)	0.1%	$45.90	-8.5%	COM	576485205
ARW	ARROW ELECTRIC	7,530 (+16.7%)	$830 (+6.3%)	0.1%	$119.47	-4.9%	COM	042735100
OEC	ORION SA	39,157 (+16.7%)	$207 (-18.7%)	0.0%	$9.94	-45.4%	COM	L72967109
PSEC	PROSPECT CAPITAL CORP	162,953 (+16.7%)	$422 (+9.9%)	0.0%	$2.93	-13.1%	COM	74348T102
LPG	DORIAN LPG LIMITED	22,589 (+16.7%)	$550 (-4.6%)	0.0%	$26.18	+0.1%	COM	Y2106R110
BZH	BEAZER HOMES USA	31,872 (+16.6%)	$646 (-3.7%)	0.1%	$22.65	-1.8%	COM	07556Q881
DINO	HF SINCLAIR CORP	16,684 (+16.6%)	$769 (+2.7%)	0.1%	$41.91	+22.4%	COM	403949100
AMN	AMN HEALTHCARE SERVICES INC	18,072 (+16.7%)	$285 (-5.0%)	0.0%	$19.29	-7.5%	COM	001744101
EMBC	EMBECTA CORP	48,191 (+16.7%)	$573 (-1.7%)	0.0%	$11.87	+10.0%	COM	29082K105
SIRI	SIRIUS XM HOLDINGS INC	30,120 (+16.7%)	$602 (+0.3%)	0.0%	$22.23	-3.3%	COM	829933100

Exited Positions (7)

— TOTALENERGIES SE ADR 0.6%

Value ($000) $7,890 Shares 132,189 Est. Cost $68.83 Unrealized —

— UNILEVER PLC SPONSORED ADR 0.3%

Value ($000) $3,712 Shares 62,616 Est. Cost $58.12 Unrealized —

GOOG ALPHABET INC-CL C 0.1%

Value ($000) $1,528 Shares 6,272 Est. Cost $106.93 Unrealized +167.8%

WTFC WINTRUST FINANCIAL 0.1%

Value ($000) $1,199 Shares 9,052 Est. Cost $125.57 Unrealized +5.9%

WMK WEIS MARKETS INC 0.1%

Value ($000) $834 Shares 11,610 Est. Cost $72.20 Unrealized -8.2%

EIG EMPLOYERS HOLDING INC 0.1%

Value ($000) $823 Shares 19,364 Est. Cost $45.32 Unrealized -10.4%

CVE CENOVUS ENERGY 0.1%

Value ($000) $797 Shares 46,942 Est. Cost $14.32 Unrealized +21.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	TOTALENERGIES SE ADR	132,189	$7,890	0.6%	$68.83	—	—	89151E109
—	UNILEVER PLC SPONSORED ADR	62,616	$3,712	0.3%	$58.12	—	—	904767704
GOOG	ALPHABET INC-CL C	6,272	$1,528	0.1%	$106.93	+167.8%	—	02079K107
WTFC	WINTRUST FINANCIAL	9,052	$1,199	0.1%	$125.57	+5.9%	—	97650W108
WMK	WEIS MARKETS INC	11,610	$834	0.1%	$72.20	-8.2%	—	948849104
EIG	EMPLOYERS HOLDING INC	19,364	$823	0.1%	$45.32	-10.4%	—	292218104
CVE	CENOVUS ENERGY	46,942	$797	0.1%	$14.32	+21.2%	—	15135U109

Decreased Positions (20)

KOF COCA COLA FEMSA 9.1%

Value ($000) $112,586 (+12.3%) Shares 1,188,746 (-1.5%) Est. Cost $62.21 Unrealized —

FMC FMC CORP. 0.0%

Value ($000) $280 (-96.3%) Shares 20,152 (-91.0%) Est. Cost $64.98 Unrealized -70.8%

AZO AUTOZONE, INC. 1.5%

Value ($000) $18,972 (-24.0%) Shares 5,594 (-3.8%) Est. Cost $584.03 Unrealized +546.9%

ALV AUTOLIV INC. 3.8%

Value ($000) $47,590 (-10.9%) Shares 400,924 (-7.3%) Est. Cost $61.84 Unrealized +93.1%

GOOGL ALPHABET INC-CL A 5.0%

Value ($000) $62,463 (+9.8%) Shares 199,561 (-14.7%) Est. Cost $106.44 Unrealized +168.3%

IONS IONIS PHARMACEUTICALS INC. 15.7%

Value ($000) $195,001 (+2.7%) Shares 2,464,930 (-15.0%) Est. Cost $34.89 Unrealized +115.8%

JNJ JOHNSON & JOHNSON 3.9%

Value ($000) $48,856 (+8.9%) Shares 236,075 (-2.4%) Est. Cost $59.66 Unrealized +230.2%

WFC WELLS FARGO & CO 4.2%

Value ($000) $52,133 (+6.9%) Shares 559,367 (-3.8%) Est. Cost $28.10 Unrealized +208.2%

ATMU ATMUS FILTRATION TECHNOLOGIES 0.2%

Value ($000) $2,105 (-47.6%) Shares 40,550 (-54.5%) Est. Cost $22.69 Unrealized +113.1%

AXP AMERICAN EXPRESS CO 1.9%

Value ($000) $23,896 (+8.6%) Shares 64,592 (-2.5%) Est. Cost $157.56 Unrealized +126.6%

TFC TRUIST FINANCIAL CORP 2.2%

Value ($000) $27,664 (+5.1%) Shares 562,160 (-2.4%) Est. Cost $35.40 Unrealized +29.4%

BRK/B BERKSHIRE HATHAWAY INC DEL CL B 3.9%

Value ($000) $48,798 (-2.1%) Shares 97,081 (-2.1%) Est. Cost $192.04 Unrealized +159.1%

BAC BANK OF AMERICA CORP COM 1.7%

Value ($000) $20,595 (+4.8%) Shares 374,462 (-1.7%) Est. Cost $23.50 Unrealized +124.1%

— NOVARTIS AG AMERICAN DEPOSITORY SHARES 0.8%

Value ($000) $10,327 (+5.9%) Shares 74,905 (-1.5%) Est. Cost $91.56 Unrealized —

USB US BANCORP 0.8%

Value ($000) $9,913 (+4.6%) Shares 185,768 (-5.3%) Est. Cost $28.72 Unrealized +69.7%

BK BANK OF NEW YORK MELLON CORP 1.2%

Value ($000) $14,789 (-2.4%) Shares 127,393 (-8.4%) Est. Cost $23.71 Unrealized +366.1%

CCSI CONSENSUS CLOUD 0.0%

Value ($000) $340 (-50.3%) Shares 15,574 (-33.1%) Est. Cost $23.20 Unrealized +6.1%

GL GLOBE LIFE INC. 0.3%

Value ($000) $3,893 (-6.6%) Shares 27,833 (-4.5%) Est. Cost $94.86 Unrealized +42.8%

CNXC CONCENTRIX CORP 0.0%

Value ($000) $581 (-11.1%) Shares 13,973 (-1.3%) Est. Cost $108.34 Unrealized -63.0%

EMR EMERSON ELECTRIC CO 0.1%

Value ($000) $1,187 (-1.5%) Shares 8,943 (-2.7%) Est. Cost $39.80 Unrealized +232.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KOF	COCA COLA FEMSA	1,188,746 (-1.5%)	$112,586 (+12.3%)	9.1%	$62.21	—	ADR	191241108
FMC	FMC CORP.	20,152 (-91.0%)	$280 (-96.3%)	0.0%	$64.98	-70.8%	COM	302491303
AZO	AUTOZONE, INC.	5,594 (-3.8%)	$18,972 (-24.0%)	1.5%	$584.03	+546.9%	COM	053332102
ALV	AUTOLIV INC.	400,924 (-7.3%)	$47,590 (-10.9%)	3.8%	$61.84	+93.1%	COM	052800109
GOOGL	ALPHABET INC-CL A	199,561 (-14.7%)	$62,463 (+9.8%)	5.0%	$106.44	+168.3%	COM	02079K305
IONS	IONIS PHARMACEUTICALS INC.	2,464,930 (-15.0%)	$195,001 (+2.7%)	15.7%	$34.89	+115.8%	COM	462222100
JNJ	JOHNSON & JOHNSON	236,075 (-2.4%)	$48,856 (+8.9%)	3.9%	$59.66	+230.2%	COM	478160104
WFC	WELLS FARGO & CO	559,367 (-3.8%)	$52,133 (+6.9%)	4.2%	$28.10	+208.2%	COM	949746101
ATMU	ATMUS FILTRATION TECHNOLOGIES	40,550 (-54.5%)	$2,105 (-47.6%)	0.2%	$22.69	+113.1%	COM	04956D107
AXP	AMERICAN EXPRESS CO	64,592 (-2.5%)	$23,896 (+8.6%)	1.9%	$157.56	+126.6%	COM	025816109
TFC	TRUIST FINANCIAL CORP	562,160 (-2.4%)	$27,664 (+5.1%)	2.2%	$35.40	+29.4%	COM	89832Q109
BRK/B	BERKSHIRE HATHAWAY INC DEL CL B	97,081 (-2.1%)	$48,798 (-2.1%)	3.9%	$192.04	+159.1%	COM	084670702
BAC	BANK OF AMERICA CORP COM	374,462 (-1.7%)	$20,595 (+4.8%)	1.7%	$23.50	+124.1%	COM	060505104
—	NOVARTIS AG AMERICAN DEPOSITORY SHARES	74,905 (-1.5%)	$10,327 (+5.9%)	0.8%	$91.56	—	ADR	66987v109
USB	US BANCORP	185,768 (-5.3%)	$9,913 (+4.6%)	0.8%	$28.72	+69.7%	COM	902973304
BK	BANK OF NEW YORK MELLON CORP	127,393 (-8.4%)	$14,789 (-2.4%)	1.2%	$23.71	+366.1%	COM	064058100
CCSI	CONSENSUS CLOUD	15,574 (-33.1%)	$340 (-50.3%)	0.0%	$23.20	+6.1%	COM	20848V105
GL	GLOBE LIFE INC.	27,833 (-4.5%)	$3,893 (-6.6%)	0.3%	$94.86	+42.8%	COM	37959E102
CNXC	CONCENTRIX CORP	13,973 (-1.3%)	$581 (-11.1%)	0.0%	$108.34	-63.0%	COM	20602D101
EMR	EMERSON ELECTRIC CO	8,943 (-2.7%)	$1,187 (-1.5%)	0.1%	$39.80	+232.6%	COM	291011104

Unchanged Positions (18)

FDX FEDEX CORP. 2.6%

Value ($000) $32,568 Shares 112,747 Est. Cost $196.70 Unrealized +33.0%

VRTX VERTEX PHARMACEUTICALS 1.4%

Value ($000) $17,748 Shares 39,148 Est. Cost $352.90 Unrealized +22.1%

UHAL/B U-HAUL HOLDING CO - NON VOTING 1.8%

Value ($000) $21,791 Shares 466,217 Est. Cost $52.99 Unrealized -8.1%

NVST ENVISTA HOLDINGS CORP 2.5%

Value ($000) $31,335 Shares 1,443,333 Est. Cost $20.85 Unrealized -1.6%

GSK GSK PLC ADR 0.3%

Value ($000) $4,033 Shares 82,243 Est. Cost $0.04 Unrealized —

— CISCO SYSTEMS INC 0.3%

Value ($000) $4,319 Shares 56,068 Est. Cost $55.76 Unrealized —

PGR PROGRESSIVE CORP 0.3%

Value ($000) $3,122 Shares 13,711 Est. Cost $81.77 Unrealized +159.7%

BABA ALIBABA GROUP HOLDING SP-ADR 0.0%

Value ($000) $595 Shares 4,060 Est. Cost $229.31 Unrealized —

UNP UNION PACIFIC CORP 0.4%

Value ($000) $4,638 Shares 20,050 Est. Cost $65.79 Unrealized +245.5%

PSX PHILLIPS 66 0.1%

Value ($000) $1,613 Shares 12,502 Est. Cost $40.44 Unrealized +231.4%

BRK/A BERKSHIRE HATHAWAY INC 8.8%

Value ($000) $108,691 Shares 144 Est. Cost $168771.17 Unrealized +342.3%

HLN HALEON PLC ADR 0.1%

Value ($000) $774 Shares 76,530 Est. Cost $6.09 Unrealized —

EPD ENTERPRISE PRODUCTS PARTNERS 0.3%

Value ($000) $3,476 Shares 108,435 Est. Cost $19.59 Unrealized —

VZ VERIZON COMMUNICATIONS 0.1%

Value ($000) $976 Shares 23,972 Est. Cost $28.27 Unrealized +43.2%

CMCSA COMCAST CORPORATION - CLASS A 0.1%

Value ($000) $941 Shares 31,496 Est. Cost $30.66 Unrealized -6.9%

KVUE KENVUE INC. 0.1%

Value ($000) $706 Shares 40,907 Est. Cost $21.04 Unrealized -22.7%

BAX BAXTER INTERNATIONAL INC 0.0%

Value ($000) $222 Shares 9,739 Est. Cost $30.42 Unrealized -34.2%

SEE SEALED AIR CORPORATION 1.5%

Value ($000) $18,014 Shares 509,581 Est. Cost $38.08 Unrealized +1.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FDX	FEDEX CORP.	112,747	$32,568	2.6%	$196.70	+33.0%	COM	31428X106
VRTX	VERTEX PHARMACEUTICALS	39,148	$17,748	1.4%	$352.90	+22.1%	COM	92532F100
UHAL/B	U-HAUL HOLDING CO - NON VOTING	466,217	$21,791	1.8%	$52.99	-8.1%	COM	023586506
NVST	ENVISTA HOLDINGS CORP	1,443,333	$31,335	2.5%	$20.85	-1.6%	COM	29415F104
GSK	GSK PLC ADR	82,243	$4,033	0.3%	$0.04	—	ADR	37733W204
—	CISCO SYSTEMS INC	56,068	$4,319	0.3%	$55.76	—	COM	17275r102
PGR	PROGRESSIVE CORP	13,711	$3,122	0.3%	$81.77	+159.7%	COM	743315103
BABA	ALIBABA GROUP HOLDING SP-ADR	4,060	$595	0.0%	$229.31	—	ADR	01609W102
UNP	UNION PACIFIC CORP	20,050	$4,638	0.4%	$65.79	+245.5%	COM	907818108
PSX	PHILLIPS 66	12,502	$1,613	0.1%	$40.44	+231.4%	COM	718546104
BRK/A	BERKSHIRE HATHAWAY INC	144	$108,691	8.8%	$168771.17	+342.3%	COM	084670108
HLN	HALEON PLC ADR	76,530	$774	0.1%	$6.09	—	ADR	405552100
EPD	ENTERPRISE PRODUCTS PARTNERS	108,435	$3,476	0.3%	$19.59	—	COM	293792107
VZ	VERIZON COMMUNICATIONS	23,972	$976	0.1%	$28.27	+43.2%	COM	92343V104
CMCSA	COMCAST CORPORATION - CLASS A	31,496	$941	0.1%	$30.66	-6.9%	COM	20030N101
KVUE	KENVUE INC.	40,907	$706	0.1%	$21.04	-22.7%	COM	49177J102
BAX	BAXTER INTERNATIONAL INC	9,739	$222	0.0%	$30.42	-34.2%	COM	071813109
SEE	SEALED AIR CORPORATION	509,581	$18,014	1.5%	$38.08	+1.3%	COM	81211K100