GOOG - Tweedy Browne Fund Q3 2021 Commentary

• Tweedy, Browne Company LLC provides investment advisory services. The Company offers portfolio management, financial planning, and consulting services for individuals, institutions, partnerships, pension and profit-sharing plans, charitable foundations, trusts, and offshore funds. Tweedy, Browne serves investors in the U.S.
• Media, oil & gas, machinery, interactive media, and chemicals were among the leading industries while the Fund's internet retailing, pharmaceuticals, commercial services, industrial conglomerates, and gas utilities underperformed.
• Top performing countries during the quarter included Britain, the U.S., Italy, Switzerland, and Singapore, while holdings from China, the Netherlands, Hong Kong, Sweden, and Korea underperformed during the quarter.
• Top contributing holdings included TX Group, Alphabet, TotalEnergies,Diageo, CNH Industrial, and SOL SpA. Declining stocks includedHeineken, Alibaba, Baidu, A-Living Smart City, Rubis, and Safran.

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