Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2007Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2007 Gardner Russo & Quinn (Tom Russo) disclosed 312 US equity positions worth $3.0bn in its Q4 2007 13F filing. Its largest position is MO at 14.4% of the reported book, followed by HEINEKEN HLDG NV and MLM. Versus Q3 2007 it opened 8 new positions, added to 41, reduced 71 and exited 28.
$3.0bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
312 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
14.4% Largest position The largest single position as a share of the reported equity book.
74.7% Top 10 weight The ten largest positions together, as a share of the reported equity book.
14 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 Q3 2007: 8 new , 41 added , 71 reduced , 28 exited
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Stock Sector Weight Value Shares Δ shares Action MO ALTRIA GROUP INC Consumer Defensive 14.4% $429m 5.68m +1.4% added HEINEKEN HLDG NV no ticker – 12.1% $361m 6.40m −0.7% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 8.9% $266m 2.00m +1.0% added WFC WELLS FARGO & CO Financial Services 6.9% $205m 6.80m +14% added AMERICAN INTL GROUP INC no ticker – 6.5% $196m 3.36m +17% added UST INC no ticker – 6.0% $178m 3.25m +3.1% added COMCAST CORP NEW no ticker – 5.9% $176m 9.69m +4.9% added WASHINGTON POST CO no ticker – 5.1% $153m 193,048 +0.5% held SCRIPPS E W CO OHIO no ticker – 4.8% $145m 3.22m +1.3% added PERNOD RICARD S A no ticker – 4.2% $126m 1.09m +101% added BF/A BROWN FORMAN CORP – 4.1% $123m 1.65m +0.2% held HRB BLOCK H & R INC Consumer Cyclical 2.1% $63.1m 3.40m −17% reduced KRAFT FOODS INC no ticker – 1.9% $56.6m 1.74m −3.1% reduced MATV MATIV HOLDINGS INC Basic Materials 1.2% $37.3m 1.44m −13% reduced DEO DIAGEO PLC Consumer Defensive 1.2% $36.9m 430,006 −0.3% held MKL MARKEL GROUP INC Financial Services 1.1% $34.0m 69,210 −1.1% reduced ISCAUSD INTERNATIONAL SPEEDWAY CORP – 1.0% $29.6m 718,089 −5.5% reduced EXMOC EXXON MOBIL CORP – 0.9% $25.6m 273,077 −1.1% reduced ABT ABBOTT LABORATORIES Healthcare 0.8% $23.6m 421,017 0.0% held BF/B BROWN FORMAN CORP – 0.7% $20.7m 279,345 −1.3% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.6% $17.3m 428,225 −1.2% reduced SWEDISH MATCH AB no ticker – 0.6% $16.6m 696,400 −4.3% reduced INTERNAT'L SPEEDWAY no ticker – 0.5% $13.8m 336,048 −1.3% reduced CANADIAN OIL SANDS TRUST no ticker – 0.4% $12.9m 330,000 0.0% held PGR PROGRESSIVE CORP Financial Services 0.4% $12.7m 665,086 −17% reduced BRITISH AMER TOBACCO PLC no ticker – 0.4% $11.5m 296,145 −9.6% reduced PEP PEPSICO INC Consumer Defensive 0.4% $11.0m 145,047 −1.0% reduced PARGESA HOLDING AG - B no ticker – 0.3% $9.8m 87,490 +2.7% added CR CRANE CO Industrials 0.3% $9.1m 210,974 −1.5% reduced GE GENERAL ELECTRIC CO Industrials 0.3% $7.7m 207,493 0.0% held ANHEUSER-BUSCH COS INC no ticker – 0.3% $7.6m 146,079 −1.2% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.2% $6.8m 80,744 +1.0% added HEINEKEN NV UNSPONS no ticker – 0.2% $6.6m 202,891 +1.1% added VMC VULCAN MATLS CO Basic Materials 0.2% $6.3m 79,825 −0.9% reduced OMC OMNICOM GROUP INC Communication Services 0.2% $6.2m 131,050 −1.5% reduced PHILIP MORRIS CR AS no ticker – 0.2% $6.2m 14,140 −0.1% held CRH CRH PLC Basic Materials 0.2% $5.6m 161,550 +12% added TAMEDIA AG no ticker – 0.2% $5.1m 39,050 +4.7% added ENCANA CORP no ticker – 0.2% $4.9m 72,000 −12% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.2% $4.7m 64,540 −0.4% held JNJ JOHNSON & JOHNSON Healthcare 0.2% $4.7m 70,445 −18% reduced STAPLES INC no ticker – 0.2% $4.7m 202,187 +1.9% added SUN MICROSYSTEMS INC CO no ticker – 0.2% $4.5m 250,000 – new LEUCADIA NATL CORP no ticker – 0.1% $4.5m 94,486 −8.0% reduced CSCO CISCO SYS INC Technology 0.1% $4.4m 162,200 0.0% held BAC BANK OF AMER CORP Financial Services 0.1% $4.3m 103,805 −0.3% held KINGSPAN GROUP PLC no ticker – 0.1% $4.2m 278,050 +19% added BIC no ticker – 0.1% $3.9m 54,000 +2.6% added DVN DEVON ENERGY CORP NEW Energy 0.1% $3.6m 40,000 −11% reduced NORGES HANDELS OG SJOF no ticker – 0.1% $3.5m 17,172 0.0% held
Exited since Q3 2007 Sector mix Unclassified 58.7% Consumer Defensive 16.8% Basic Materials 10.6% Financial Services 8.9% Consumer Cyclical 2.2% Healthcare 1.0% Industrials 0.9% Energy 0.3% Communication Services 0.3% Technology 0.3% Real Estate 0.05% 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