Mitsubishi Gas Chemical Company, Inc./ADR

• Tweedy, Browne Tweedy, Browne Funds Commentary, Q1 2026 ↗ Tweedy, Browne trimmed holdings approaching intrinsic-value estimates, exited several Japanese and European positions, and opened positions in Autotrader, Bunzl and Springer Nature. The firm sees non-US value stocks as still discounted to US equities and will rename and modestly broaden its high-dividend fund to emphasize dividends and buybacks alongside undervaluation. Q1 2026 5334 $11BBAESF $89BBREE $1.7BBZLFY $12B

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