WhaleCreep

Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2008

Long-only investorSEC filingsCompare with another fundHoldings as of 2008-03-31, filed 2008-05-15

Gardner Russo & Quinn (Tom Russo) disclosed 310 US equity positions worth $2.8bn in its Q1 2008 13F filing. Its largest position is HEINEKEN HLDG NV at 11.8% of the reported book, followed by PM and MLM. Versus Q4 2007 it opened 15 new positions, added to 68, reduced 64 and exited 17.

$2.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
310
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.8%
Largest position
The largest single position as a share of the reported equity book.
70.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
17
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 Q4 2007: 15 new, 68 added, 64 reduced, 17 exited

50 of 310
HEINEKEN HLDG NV no ticker–11.8%$329m6.53m+2.1%added
PM PHILIP MORRIS INTL INCConsumer Defensive10.4%$291m5.75m–new
MLM MARTIN MARIETTA MATLS INCBasic Materials7.7%$214m2.02m+0.8%added
WFC WELLS FARGO & COFinancial Services7.3%$202m6.96m+2.4%added
COMCAST CORP NEW no ticker–6.8%$189m9.94m+2.6%added
UST INC no ticker–6.4%$179m3.28m+0.8%added
AMERICAN INTL GROUP INC no ticker–5.9%$164m3.79m+13%added
SCRIPPS E W CO OHIO no ticker–4.9%$136m3.23m+0.4%held
WASHINGTON POST CO no ticker–4.6%$129m195,337+1.2%added
MO ALTRIA GROUP INCConsumer Defensive4.6%$128m5.75m+1.1%added
BF/A BROWN FORMAN CORP–4.2%$116m1.68m+2.0%added
PERNOD RICARD S A no ticker–4.1%$114m1.11m+1.3%added
HRB BLOCK H & R INCConsumer Cyclical2.5%$69.5m3.35m−1.6%reduced
KRAFT FOODS INC no ticker–2.0%$54.5m1.76m+1.2%added
DEO DIAGEO PLCConsumer Defensive1.3%$34.9m429,085−0.2%held
ISCAUSD INTERNATIONAL SPEEDWAY CORP–1.2%$33.1m802,391+12%added
MATV MATIV HOLDINGS INCBasic Materials1.1%$32.0m1.38m−3.7%reduced
MKL MARKEL GROUP INCFinancial Services1.1%$31.3m71,230+2.9%added
ABT ABBOTT LABORATORIESHealthcare0.8%$23.1m418,031−0.7%reduced
EXMOC EXXON MOBIL CORP–0.8%$22.6m267,160−2.2%reduced
HRL HORMEL FOODS CORPConsumer Defensive0.6%$17.5m420,225−1.9%reduced
BF/B BROWN FORMAN CORP–0.6%$17.1m258,170−7.6%reduced
SWEDISH MATCH AB no ticker–0.5%$14.9m683,650−1.8%reduced
INTERNAT'L SPEEDWAY no ticker–0.5%$13.8m338,998+0.9%added
CANADIAN OIL SANDS TRUST no ticker–0.4%$12.0m300,000−9.1%reduced
BRITISH AMER TOBACCO PLC no ticker–0.4%$11.0m293,820−0.8%reduced
PARGESA HOLDING AG - B no ticker–0.4%$10.0m89,725+2.6%added
PEP PEPSICO INCConsumer Defensive0.3%$8.9m123,947−15%reduced
PGR PROGRESSIVE CORPFinancial Services0.3%$8.6m536,438−19%reduced
CR CRANE COIndustrials0.3%$8.6m212,324+0.6%added
GE GENERAL ELECTRIC COIndustrials0.3%$7.5m203,668−1.8%reduced
JC DECAUX SA ACT no ticker–0.3%$7.4m250,100+645%added
CRH CRH PLCBasic Materials0.2%$6.3m166,125+2.8%added
PHILIP MORRIS CR AS no ticker–0.2%$6.3m13,975−1.2%reduced
ANHEUSER-BUSCH COS INC no ticker–0.2%$6.1m127,671−13%reduced
HEINEKEN NV UNSPONS no ticker–0.2%$6.1m207,841+2.4%added
ENCANA CORP no ticker–0.2%$5.5m73,100+1.5%added
VMC VULCAN MATLS COBasic Materials0.2%$5.3m79,975+0.2%held
OMC OMNICOM GROUP INCCommunication Services0.2%$5.3m118,950−9.2%reduced
RDS/A ROYAL DUTCH SHELL PLC–0.2%$5.1m74,444−7.8%reduced
TAMEDIA AG no ticker–0.2%$4.5m39,275+0.6%added
STAPLES INC no ticker–0.2%$4.4m201,237−0.5%held
LEUCADIA NATL CORP no ticker–0.2%$4.3m94,4860.0%held
PG PROCTER & GAMBLE COConsumer Defensive0.2%$4.2m60,010−7.0%reduced
DVN DEVON ENERGY CORP NEWEnergy0.1%$4.2m40,0000.0%held
KINGSPAN GROUP PLC no ticker–0.1%$3.9m292,750+5.3%added
CSCO CISCO SYS INCTechnology0.1%$3.9m162,2000.0%held
JNJ JOHNSON & JOHNSONHealthcare0.1%$3.9m60,073−15%reduced
BAC BANK OF AMER CORPFinancial Services0.1%$3.9m102,630−1.1%reduced
SUN MICROSYSTEMS INC no ticker–0.1%$3.9m250,0000.0%held

Exited since Q4 2007

17 rows
ALTADIS SA no ticker0.07%$2.0m
READYMIX no ticker0.05%$1.5m
MCY MERCURY GENL CORP NEW0.05%$1.5m
BENFIELD GROUP LTD no ticker0.02%$747k
BAX BAXTER INTL INC0.0%$84.0k
ATHEROS COMMUNICATIONS INC no ticker0.0%$80.0k
BRO BROWN & BROWN INC0.0%$71.0k
GILD GILEAD SCIENCES INC0.0%$69.0k
PBI PITNEY BOWES INC0.0%$55.0k
CELG CELGENE CORP0.0%$46.0k
ESE ESCO TECHNOLOGIES INC0.0%$36.0k
CHOICEPOINT INC no ticker0.0%$29.0k
NSC NORFOLK SOUTHERN CORP0.0%$25.0k
EATON VANCE PRIME RATE RESVS MUTUAL no ticker0.0%$17.0k
PRSU VIAD CORP0.0%$4.0k
MIRANT CORP NEW no ticker0.0%$1.0k
PATRIOT COAL CORP no ticker0.0%$1.0k

Sector mix

  • Unclassified58.7%
  • Consumer Defensive17.4%
  • Basic Materials9.3%
  • Financial Services9.1%
  • Consumer Cyclical2.6%
  • Healthcare1.0%
  • Industrials0.9%
  • Energy0.3%
  • Communication Services0.3%
  • Technology0.3%
  • Real Estate0.05%
  • Utilities0.04%

Book over time

Every quarter on file (85)
QuarterPositionsEquity book
Q2 202685$8.9bn
Q1 202686$8.5bn
Q4 202587$9.3bn
Q3 202585$9.3bn
Q2 202585$9.4bn
Q1 202586$8.9bn
Q4 202468$8.8bn
Q3 202477$9.7bn
Q2 202477$9.5bn
Q1 202481$9.7bn
Q4 202382$9.8bn
Q3 202382$9.2bn
Q2 202383$10.1bn
Q1 202384$9.6bn
Q4 202283$9.1bn
Q3 202283$8.3bn
Q2 202285$8.9bn
Q1 202284$10.4bn
Q4 202188$11.2bn
Q3 202187$10.8bn
Q2 202188$11.8bn
Q1 202190$11.0bn
Q4 202092$11.0bn
Q3 202086$10.3bn
Q2 202086$9.8bn
Q1 202084$9.9bn
Q4 201993$13.0bn
Q3 201994$12.8bn
Q2 201996$13.2bn
Q1 201993$12.9bn
Q4 201888$12.0bn
Q3 201895$13.8bn
Q2 201898$13.7bn
Q1 2018100$14.3bn
Q4 2017194$14.5bn
Q3 2017102$14.1bn
Q2 2017102$13.5bn
Q1 2017102$12.9bn
Q4 201697$11.8bn
Q3 2016100$12.0bn
Q2 2016105$11.9bn
Q1 2016107$11.8bn
Q4 2015105$11.7bn
Q3 2015104$11.1bn
Q2 2015109$11.4bn
Q1 2015110$11.1bn
Q4 2014110$11.0bn
Q3 2014111$10.6bn
Q2 2014113$10.8bn
Q1 2014112$10.3bn
Q4 2013110$10.1bn
Q3 2013113$9.4bn
Q2 2013115$8.6bn
Q1 2013157$4.3bn
Q4 2012143$3.6bn
Q3 2012156$3.5bn
Q2 2012178$3.3bn
Q1 2012166$3.2bn
Q4 2011171$2.9bn
Q3 2011166$2.5bn
Q2 201168$2.7bn
Q1 201169$2.7bn
Q4 201060$2.0bn
Q3 201063$1.8bn
Q2 201063$1.7bn
Q1 201066$1.9bn
Q4 200964$1.6bn
Q3 200971$1.4bn
Q2 200971$1.2bn
Q1 200953$728m
Q4 200878$1.3bn
Q3 200891$2.0bn
Q2 2008302$2.7bn
Q1 2008310$2.8bn
Q4 2007312$3.0bn
Q3 2007332$3.1bn
Q2 2007314$3.1bn
Q1 2007319$2.8bn
Q4 2006318$2.8bn
Q3 2006319$2.5bn
Q2 2006312$2.5bn
Q1 2006286$2.1bn
Q4 2005311$2.2bn
Q3 2005370$2.2bn
Q1 1999328$875m

Where Gardner Russo & Quinn (Tom Russo) was early

9 rows
DEO Diageo PLC Sponsored ADRQ2 20062 of 931.2%2.1%40Exited by Q1 2021+135%
PM Philip Morris International InQ1 20081 of 16910.4%29.4%74Held at last filing, Q2 2026+258%
SNI Scripps Networks Interactive CQ3 20081 of 805.8%8.3%38Exited by Q1 2018+135%
MA Mastercard Inc Cl AQ3 200813 of 2630.3%16.2%57Held at last filing, Q2 2026+2796%
BRK/B Berkshire Hathaway Inc Cl BQ4 20091 of 1805.4%7.0%67Held at last filing, Q2 2026+661%
BRK/A Berkshire Hathaway Inc Cl AQ4 20093 of 6120.5%23.7%67Held at last filing, Q2 2026+655%
HAS Hasbro IncQ4 20093 of 1352.1%2.5%17Exited by Q1 2018+184%
BUD Anheuser-Busch InBev ADRQ2 20133 of 1294.8%7.2%24Exited by Q4 2021−38%
CABO Cable One IncQ4 20177 of 1140.0%1.5%17Exited by Q2 2024−40%

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