UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
of
Tweedy, Browne Company LLC
(Name of Issuer)
Avatar Holdings Inc.
(Title of Class of Securities)
Common Stock, Par Value $1.00 per share
(Cusip Number)
053494100
January 22, 2009
(Date of Event which Requires Filing of this Statement)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP NO. 053494100
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1. NAME OF REPORTING PERSONS IRS IDENTIFICATION NOS OF ABOVE PERSONS
Tweedy, Browne Company LLC ("TBC")
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5. SOLE VOTING POWER
649,239 shares
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6. SHARED VOTING POWER
NUMBER OF
SHARES 0 shares
BENEFICIALLY ------------------------------------------------------------------
OWNED BY 7. SOLE DISPOSITIVE POWER
EACH
REPORTING 860,194 shares
PERSON ------------------------------------------------------------------
WITH 8. SHARED DISPOSITIVE POWER
0 shares
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
860,194 shares
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW(9) EXCLUDES CERTAIN SHARES* [ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.06%
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12 TYPE OF REPORTING PERSON (See instructions)
BD & IA
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14. CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS
SCHEDULE IS FILED
[x] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
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ITEM 1 (A) NAME OF ISSUER:
Avatar Holdings Inc.
ITEM 1 (B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
201 Alhambra Circle
Coral Gables, Florida 33134
ITEM 2 (A) NAME OF PERSON FILING:
The person filing this Amendment No.1 to a Schedule 13G is Tweedy,
Browne Company LLC ("TBC"), a Delaware limited liability company.
ITEM 2 (B) ADDRESS OF PRINCIPAL OFFICE:
The business address of TBC is 350 Park Avenue, New York, NY 10022.
ITEM 2 (C) CITIZENSHIP:
TBC is a Delaware limited liability company.
ITEM 2 (D) TITLE OF CLASS OF SECURITIES:
This Amendment No. 1 relates to the Common Stock, par value $1.00
per share of the issuer.
ITEM 2 (E) CUSIP NUMBER:
053494100
ITEM 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B) OR 13D-2(B),
CHECK WHETHER THE PERSON FILING IS a:
(a) [x] Broker or dealer registered under Section 15 of the Exchange Act
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [ ] Investment company registered under Section 8 of the Investment
Company Act.
(e) [x] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E).
(f) [ ] An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F).
(g) [ ] A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G).
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act.
(i) [ ] A church plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act.
(j) [ ] Group, in accordance with Rule 13d-1(c), check this box.
ITEM 4 - OWNERSHIP
ITEM 4 (a) Amount Beneficially Owned:
860,194 shares
(b) Percent of Class
10.06%
(c) Number of Shares as to which such person has:
(i) Sole power to vote or direct the vote:
649,239 shares
(ii) Shared power to vote or direct the vote:
0 shares
(iii) Sole power to dispose or to direct the disposition of
860,194 shares
(iv) Shared power to dispose or to direct the disposition of
0 shares
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
Not applicable
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable
ITEM 10. CERTIFICATION
By signing below TBC does hereby certify that, to the best of its
knowledge and belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer of such
securities and were not acquired in connection with or as a participant in any
transaction having such purpose or effect.
TBC after reasonable inquiry and to the best of its knowledge and
belief, does hereby certify that the information set forth in this Amendment No.
1 is true, complete and correct.
TWEEDY, BROWNE COMPANY LLC
By: /s/ Christopher H. Browne
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Christopher H. Browne
Managing Director
Dated: February 6, 2009