The S&P 500 is overweight to big tech. Moving -2-
Another reason to sell is if the team determines that their original buy thesis was incorrect, or if "facts have changed," Hill said.
"The best analysts will be wrong a third of the time. That is part and parcel for this industry. You have to be comfortable you will be wrong a percentage of the time," Hill added.
Here are the top 10 holdings (out of 99) of the Tweedy, Browne International Value Fund as of July 31:
Company Ticker Country % of the Tweedy, Browne International Value Fund Total return -- 5 years
Nestlé S.A. CH:NESN Switzerland 5.1% 44%
Safran S.A. FR:SAF France 4.0% 38%
TotalEnergies SE FR:TTE France 3.8% 49%
Diageo PLC UK:DGE U.K. 3.8% 30%
Berkshire Hathaway Inc. Class A BRK.A U.S. 3.7% 70%
Alphabet Inc. Class A GOOGL U.S. 3.3% 111%
BAE Systems PLC UK:BA U.K. 3.2% 88%
Heineken Holding NV NL:HEIO Netherlands 2.9% -3%
Roche Holding AG CH:ROG Switzerland 2.8% 22%
United Overseas Bank Ltd. SG:U11 Singapore 2.7% 31%
Source: FactSet
Click on the tickers for more about each company.
Click here for Tomi Kilgore's detailed guide to the wealth of information available for free on the MarketWatch quote page
Don't miss:These 20 dividend stocks have been the best income growers in the S&P 500
-Philip van Doorn
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