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When Value Meets Tech: How COPY Finds Deals

BY | ETF Database
6:01 am ET 09/10/26 | 6 VIEWS
Traditionally speaking, advisors and investors don’t typically associate value strategies with tech exposure.Key Takeaways: While value strategies don’t usually embrace tech companies, tech stocks can certainly find their way into an experienced value portfolio. The Tweedy Browne Insider + Value ETF (COPY) is a prime example with 6.22% of its portfolio resting in the information technology sector, as of August 31, 2026. In a recent Bloomberg interview, John Spears, managing director and investment committee member at Tweedy, Browne, explained how tech giant Adobe fits within COPY’s value parameters. At its core, traditional value investing is all about locating underpriced companies with solid fundamentals in order to tap into potential long-term momentum. Broadly speaking, tech stocks that are riding market hype don’t usually fit within this picture. Tech companies tend to be priced relatively high, and live less off steady fundamentals and more on future opportunities. However, it doesn’t mean that value strategies ignore tech altogether. If anything, a disciplined value strategy may simply be more strategic with how it goes about investing in the sector. For instance, take a look at the Tweedy Browne Insider + Value ETF (COPY ). Managed by the team at Tweedy, Browne, COPY is an active fund that provides a distinct approach to value investing. The fund focuses on value stocks where insiders are buying shares, or the company itself is executing share buybacks. Despite being a value fund actively run by veteran value experts, COPY does in fact, hold a small allocation to the tech sector. Per COPY’s fund page, 6.22% of the fund’s portfolio sits in the information technology sector, as of August 31, 2026, See More: The Power of Fundamentals: How Value Can Outpace GrowthChoosing the Right Tech StocksOf course, it matters what kind of tech companies COPY is choosing to invest in. During an interview with Bloomberg, John Spears, managing director and investment committee member at Tweedy, Browne, discussed the fund’s exposure to tech companies. While tech isn’t a top holding within the fund, Spears noted that COPY does invest in key tech companies when the fund’s management team deems it appropriate. “We bought some Adobe [stock] not long ago,” Spears explained. “We noticed that a longtime director by the name of David Ricks had bought $2,000,000 worth of the stock. The stock was down from about $400 this year to $190, and he opened up his wallet and bought it. And we looked at it, and it was at about eight and a half times earnings, which is about a 12% earnings yield. And it met our proprietary value score characteristics.” This approach can help illuminate why there’s more to a value strategy like COPY than meets the eye. Tweedy, Browne’s active value ETF may not end up investing in every tech giant out there, but experienced value investors can find great opportunities within sectors that some would consider to be outside of the traditional value space. COPY’s investment philosophy has been paying off well this year, with the fund offering attractive gains. As of August 31, 2026, the fund’s NAV has risen 23.74% year to date. Tweedy, Browne Company LLC (“Tweedy, Browne”) is an independent company unaffiliated with VettaFi LLC (“VettaFi”). These articles do not create, and should not be construed as creating, any legal partnership, agency relationship, affiliation, or similar relationship between VettaFi and Tweedy, Browne. VettaFi LLC is the author and owner of these articles. For more news, information, and analysis, visit our Portfolio Strategies Content Hub.

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