Value investing firm Tweedy Browne disclosed a major reduction in its FedEx (FDX) stake, selling over 85% of its shares during the second quarter of 2026. According to a quarterly 13F filing, which reveals holdings as of June 30, 2026, the firm's position decreased from over 74,000 shares to just under 11,000. The reported value of their holding dropped from approximately $26.37 million to $3.37 million.
This filing reflects trades made between April and June 2026 and does not represent a real-time transaction. During this period, FedEx was implementing cost-control measures to address ongoing volume pressures in some of its business segments. Tweedy Browne has not publicly commented on the specific reasons for this substantial divestment.