Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2008Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2008 Gardner Russo & Quinn (Tom Russo) disclosed 302 US equity positions worth $2.7bn in its Q2 2008 13F filing. Its largest position is PM at 11.1% of the reported book, followed by HEINEKEN HLDG NV and MLM. Versus Q1 2008 it opened 16 new positions, added to 31, reduced 72 and exited 24.
$2.7bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
302 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.1% Largest position The largest single position as a share of the reported equity book.
67.5% 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 Q1 2008: 16 new , 31 added , 72 reduced , 24 exited
50 of 302 Show all 302
Stock Sector Weight Value Shares Δ shares Action PM PHILIP MORRIS INTL INC Consumer Defensive 11.1% $305m 6.18m +7.5% added HEINEKEN HLDG NV no ticker – 11.0% $303m 6.59m +0.9% added MLM MARTIN MARIETTA MATLS INC Basic Materials 7.7% $211m 2.03m +0.7% added COMCAST CORP NEW no ticker – 6.8% $187m 9.94m 0.0% held UST INC no ticker – 6.5% $178m 3.26m −0.5% held WFC WELLS FARGO & CO Financial Services 6.1% $166m 6.99m +0.4% held SCRIPPS E W CO OHIO no ticker – 4.9% $134m 3.22m −0.4% held BF/A BROWN FORMAN CORP – 4.7% $128m 1.68m −0.1% held MO ALTRIA GROUP INC Consumer Defensive 4.5% $124m 6.04m +5.2% added PERNOD RICARD S A no ticker – 4.2% $116m 1.13m +2.1% added WASHINGTON POST CO no ticker – 4.2% $116m 197,523 +1.1% added AMERICAN INTL GROUP INC no ticker – 3.8% $105m 3.98m +5.0% added CADBURY PLC no ticker – 3.3% $90.8m 7.20m – new HRB BLOCK H & R INC Consumer Cyclical 2.5% $68.1m 3.18m −4.9% reduced KRAFT FOODS INC no ticker – 1.8% $49.1m 1.72m −1.8% reduced DEO DIAGEO PLC Consumer Defensive 1.2% $32.2m 436,160 +1.6% added ISCAUSD INTERNATIONAL SPEEDWAY CORP – 1.1% $30.3m 777,377 −3.1% reduced MKL MARKEL GROUP INC Financial Services 0.9% $25.7m 70,009 −1.7% reduced MATV MATIV HOLDINGS INC Basic Materials 0.8% $23.2m 1.37m −0.7% reduced EXMOC EXXON MOBIL CORP – 0.8% $22.4m 254,535 −4.7% reduced ABT ABBOTT LABORATORIES Healthcare 0.8% $22.1m 418,031 0.0% held BF/B BROWN FORMAN CORP – 0.7% $19.3m 255,545 −1.0% reduced CANADIAN OIL SANDS TRUST no ticker – 0.5% $15.0m 280,000 −6.7% reduced BERNER GRUPPEN no ticker – 0.5% $14.9m 116,354 – new HRL HORMEL FOODS CORP Consumer Defensive 0.5% $14.3m 412,525 −1.8% reduced SWEDISH MATCH AB no ticker – 0.5% $13.8m 672,125 −1.7% reduced INTERNAT'L SPEEDWAY no ticker – 0.5% $13.2m 335,348 −1.1% reduced BRITISH AMER TOBACCO PLC no ticker – 0.4% $10.0m 289,320 −1.5% reduced PARGESA HOLDING AG - B no ticker – 0.4% $9.8m 88,050 −1.9% reduced PGR PROGRESSIVE CORP Financial Services 0.3% $9.5m 507,288 −5.4% reduced CR CRANE CO Industrials 0.3% $8.2m 212,324 0.0% held ANHEUSER BUSCH COS INC no ticker – 0.3% $7.9m 126,551 −0.9% reduced PEP PEPSICO INC Consumer Defensive 0.3% $7.1m 111,445 −10% reduced JC DECAUX SA ACT no ticker – 0.3% $7.0m 273,325 +9.3% added RDS/A ROYAL DUTCH SHELL PLC – 0.2% $6.1m 74,294 −0.2% held GE GENERAL ELECTRIC CO Industrials 0.2% $5.8m 217,368 +6.7% added ENCANA CORP no ticker – 0.2% $5.6m 61,750 −16% reduced TAMEDIA AG no ticker – 0.2% $5.3m 38,825 −1.1% reduced OMC OMNICOM GROUP INC Communication Services 0.2% $5.2m 116,950 −1.7% reduced DVN DEVON ENERGY CORP NEW Energy 0.2% $4.8m 40,000 0.0% held CRH CRH PLC Basic Materials 0.2% $4.8m 164,225 −1.1% reduced VMC VULCAN MATLS CO Basic Materials 0.2% $4.7m 79,375 −0.8% reduced STAPLES INC no ticker – 0.2% $4.6m 195,337 −2.9% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.2% $4.5m 73,510 +22% added JNJ JOHNSON & JOHNSON Healthcare 0.2% $4.4m 68,442 +14% added LEUCADIA NATL CORP no ticker – 0.2% $4.4m 93,686 −0.8% reduced PHILIP MORRIS CR AS no ticker – 0.2% $4.1m 13,878 −0.7% reduced HEINEKEN NV UNSPONS no ticker – 0.1% $4.0m 155,929 −25% reduced CSCO CISCO SYS INC Technology 0.1% $3.8m 162,200 0.0% held COP CONOCOPHILLIPS Energy 0.1% $3.3m 35,008 +35% added
Exited since Q1 2008 Sector mix Unclassified 60.0% Consumer Defensive 17.9% Basic Materials 8.9% Financial Services 7.7% Consumer Cyclical 2.5% Healthcare 1.0% Industrials 0.9% Energy 0.5% Communication Services 0.3% Technology 0.2% 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