Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2007Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2007 Gardner Russo & Quinn (Tom Russo) disclosed 332 US equity positions worth $3.1bn in its Q3 2007 13F filing. Its largest position is MO at 12.7% of the reported book, followed by HEINEKEN HLDG NV and MLM. Versus Q2 2007 it opened 27 new positions, added to 51, reduced 62 and exited 9.
$3.1bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
332 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.7% Largest position The largest single position as a share of the reported equity book.
72.6% Top 10 weight The ten largest positions together, as a share of the reported equity book.
15 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
85 Quarters on file since Q1 1999 Quarters for which this manager's 13F holdings are on record. Holdings Against Q2 2007: 27 new , 51 added , 62 reduced , 9 exited
50 of 332 Show all 332
Stock Sector Weight Value Shares Δ shares Action MO ALTRIA GROUP INC Consumer Defensive 12.7% $390m 5.60m +4.1% added HEINEKEN HLDG NV no ticker – 12.0% $369m 6.44m +1.2% added MLM MARTIN MARIETTA MATLS INC Basic Materials 8.6% $265m 1.98m +0.5% added COMCAST CORP NEW no ticker – 7.2% $221m 9.24m +2.0% added WFC WELLS FARGO & CO Financial Services 6.9% $212m 5.95m +6.1% added AMERICAN INTL GROUP INC no ticker – 6.3% $194m 2.86m +4.0% added UST INC no ticker – 5.1% $156m 3.15m +4.1% added WASHINGTON POST CO no ticker – 5.0% $154m 192,165 +1.1% added SCRIPPS E W CO OHIO no ticker – 4.4% $133m 3.18m +2.6% added BF/A BROWN FORMAN CORP – 4.2% $128m 1.65m +0.9% added PERNOD RICARD S A no ticker – 3.9% $118m 543,045 +2.4% added HRB BLOCK H & R INC Consumer Cyclical 2.8% $86.7m 4.09m −0.5% held KRAFT FOODS INC no ticker – 2.0% $61.8m 1.79m −0.5% held MATV MATIV HOLDINGS INC Basic Materials 1.3% $38.3m 1.64m −2.2% reduced DEO DIAGEO PLC Consumer Defensive 1.2% $37.8m 431,194 – new ISCAUSD INTERNATIONAL SPEEDWAY CORP – 1.1% $34.9m 759,919 −0.1% held MKL MARKEL GROUP INC Financial Services 1.1% $33.9m 70,000 −0.3% held EXMOC EXXON MOBIL CORP – 0.8% $25.6m 276,205 −4.8% reduced ABT ABBOTT LABORATORIES Healthcare 0.7% $22.6m 421,017 +0.3% held KONINKLIJKE WEGENER NV no ticker – 0.7% $21.6m 858,440 −5.0% reduced BF/B BROWN FORMAN CORP – 0.7% $21.2m 283,045 −1.5% reduced PGR PROGRESSIVE CORP Financial Services 0.5% $15.5m 799,980 −6.9% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.5% $15.5m 433,365 −1.1% reduced INTERNAT'L SPEEDWAY no ticker – 0.5% $15.5m 340,486 −0.4% held SWEDISH MATCH AB no ticker – 0.5% $15.1m 727,625 −3.2% reduced BRITISH AMER TOBACCO PLC no ticker – 0.4% $11.7m 327,645 −0.5% held CANADIAN OIL SANDS TRUST no ticker – 0.4% $11.0m 330,000 0.0% held PEP PEPSICO INC Consumer Defensive 0.4% $10.7m 146,447 +0.5% added CR CRANE CO Industrials 0.3% $10.3m 214,274 +0.1% held PARGESA HOLDING AG - B no ticker – 0.3% $9.4m 85,200 +0.5% added GE GENERAL ELECTRIC CO Industrials 0.3% $8.6m 207,481 −11% reduced ALTADIS SA no ticker – 0.3% $8.0m 113,425 −4.0% reduced ANHEUSER-BUSCH COS INC no ticker – 0.2% $7.4m 147,887 −22% reduced PHILIP MORRIS CR AS no ticker – 0.2% $7.3m 14,158 +0.3% held VMC VULCAN MATLS CO Basic Materials 0.2% $7.2m 80,575 0.0% held RDS/A ROYAL DUTCH SHELL PLC – 0.2% $6.6m 79,941 −0.2% held HEINEKEN NV UNSPONS no ticker – 0.2% $6.6m 200,641 −0.1% held OMC OMNICOM GROUP INC Communication Services 0.2% $6.4m 133,050 −2.3% reduced CRH CRH PLC Basic Materials 0.2% $5.7m 144,800 +4.8% added SUN MICROSYSTEMS INC no ticker – 0.2% $5.6m 1.00m 0.0% held JNJ JOHNSON & JOHNSON Healthcare 0.2% $5.6m 85,445 +0.5% added DE DEERE & CO Industrials 0.2% $5.6m 37,592 0.0% held CSCO CISCO SYS INC Technology 0.2% $5.4m 162,200 +1.2% added BAC BANK OF AMER CORP Financial Services 0.2% $5.2m 104,080 +0.8% added KINGSPAN GROUP PLC no ticker – 0.2% $5.1m 232,950 +3.5% added ENCANA CORP no ticker – 0.2% $5.1m 82,000 0.0% held LEUCADIA NATL CORP no ticker – 0.2% $5.0m 102,686 +8.4% added TAMEDIA AG no ticker – 0.2% $4.7m 37,300 +0.5% held WACHOVIA CORP NEW no ticker – 0.2% $4.7m 94,283 −1.5% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.1% $4.6m 64,790 −0.9% reduced
Exited since Q2 2007 Sector mix Unclassified 59.4% Consumer Defensive 15.1% Basic Materials 10.4% Financial Services 9.1% Consumer Cyclical 2.9% Industrials 1.2% Healthcare 1.0% Energy 0.3% Technology 0.3% Communication Services 0.3% Real Estate 0.06% Utilities 0.04% Book over time Every quarter on file (85) Where Gardner Russo & Quinn (Tom Russo) was early Concentration and tenure
13.3% Median largest position, all quarters The largest single position as a share of the reported equity book.
77.1% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
2 Median completed holding, quarters