AMG Subsidiary Adds $11.38M in Jazz Pharma, Buys Asbury and Cigna
AMG•AMG-owned Tweedy Browne added 60,209 Jazz Pharmaceuticals shares (0.9% of its portfolio, $11.38M) in Q1 2026 and also bought 7,253 Asbury Automotive shares ($1.42M) and 5,375 Cigna shares ($1.43M). The value fund increased stakes in 46 other stocks during the period.
1. AMG Ownership and Operational Autonomy
AMG holds a majority interest in Tweedy Browne through its subsidiary, granting the value fund operational autonomy and a seamless ownership transfer mechanism. The firm is managed by a committee with tenures between 18 and 47 years.
2. Q1 2026 Strategic Buys
In the first quarter of 2026, Tweedy Browne added 60,209 Jazz Pharmaceuticals shares (0.9% of its portfolio, $11.38M), 7,253 Asbury Automotive shares ($1.42M), and 5,375 Cigna shares ($1.43M), reflecting a focus on undervalued equity opportunities in developed markets.
3. Expanded Portfolio Positions
Beyond new buys, the value fund increased stakes in 46 additional stocks, with currency exposures hedged back into the U.S. dollar where practicable to manage foreign exchange risk.
