Entering the ETF space is a natural extension of our business and, most importantly, affords taxpaying investors access to our actively managed strategies within a highly tax efficient ETF structure.
Tweedy, Browne’s actively managed ETFs combine the behavioral edge of insider activity with the analytical discipline of fundamental value investing. The Insider + Value ETF (Ticker: COPY) and International Insider + Value ETF (Ticker: ICPY) utilize an innovative factor-driven investment approach combining insider purchase data and value-oriented metrics across multiple geographies and market capitalizations.
The approach draws on decades of empirical research and Tweedy, Browne’s long history of global value investing. It employs a systematic strategy built around one simple idea: when knowledgeable insiders are buying, it’s worth paying attention.
There are many reasons insiders may sell shares in their company. There is only one logical reason for insiders to reach into their wallets and buy stock in the open market: They think the stock price is going higher.
service in the value
investing business
Tweedy, Browne Company LLC is a leading practitioner of the value-oriented investment approach pioneered by legendary investor, author, and Columbia Business School professor Benjamin Graham. For over one hundred years, we have been active in the value investing business. It is our only business, and it is how we invest our own money. As of September 30, 2025, the current managing directors, retired principals, and their families, as well as employees of Tweedy, Browne, had more than $1.7 billion in portfolios combined with or similar to client portfolios.
Our research focuses on fundamental principles of balance sheet and income statement analysis, and a knowledge and understanding of actual corporate mergers, acquisitions, and liquidations.
COMMENTARY
Q3
2025