WhaleCreep

Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2008

Long-only investorSEC filingsCompare with another fundHoldings as of 2008-09-30, filed 2008-11-14

Gardner Russo & Quinn (Tom Russo) disclosed 91 US equity positions worth $2.0bn in its Q3 2008 13F filing. Its largest position is PM at 15.2% of the reported book, followed by WFC and MLM. Versus Q2 2008 it opened 4 new positions, added to 10, reduced 39 and exited 215.

$2.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
91
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.2%
Largest position
The largest single position as a share of the reported equity book.
83.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
12
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 2008: 4 new, 10 added, 39 reduced, 215 exited

50 of 91
PM PHILIP MORRIS INTL INCConsumer Defensive15.2%$304m6.33m+2.4%added
WFC WELLS FARGO & COFinancial Services12.3%$247m6.58m−5.9%reduced
MLM MARTIN MARIETTA MATLS INCBasic Materials10.8%$215m1.92m−5.3%reduced
COMCAST CORP NEW no ticker–9.7%$194m9.81m−1.3%reduced
UST INC no ticker–8.4%$167m2.51m−23%reduced
MO ALTRIA GROUP INCConsumer Defensive7.3%$147m7.41m+23%added
BF/A BROWN FORMAN CORP–5.9%$117m1.65m−1.7%reduced
SNI SCRIPPS NETWORKS INTERACT IN–5.8%$115m3.17m–new
WASHINGTON POST CO no ticker–5.4%$108m193,096−2.2%reduced
HRB BLOCK H & R INCConsumer Cyclical3.0%$60.3m2.65m−17%reduced
DEO DIAGEO PLCConsumer Defensive1.5%$29.6m430,228−1.4%reduced
ISCAUSD INTERNATIONAL SPEEDWAY CORP–1.4%$28.7m737,581−5.1%reduced
MKL MARKEL GROUP INCFinancial Services1.2%$24.5m69,834−0.2%held
ABT ABBOTT LABORATORIESHealthcare1.2%$24.1m417,9810.0%held
MATV MATIV HOLDINGS INCBasic Materials1.2%$23.1m1.22m−11%reduced
EXMOC EXXON MOBIL CORP–1.0%$19.4m249,946−1.8%reduced
BF/B BROWN FORMAN CORP–0.9%$18.0m251,120−1.7%reduced
HRL HORMEL FOODS CORPConsumer Defensive0.7%$14.9m409,425−0.8%reduced
PGR PROGRESSIVE CORPFinancial Services0.4%$8.0m457,059−9.9%reduced
PEP PEPSICO INCConsumer Defensive0.4%$7.9m110,195−1.1%reduced
SSP SCRIPPS E W CO OHIOCommunication Services0.4%$7.5m1.05m–new
ANHEUSER BUSCH COS INC no ticker–0.4%$7.3m112,433−11%reduced
KRAFT FOODS INC no ticker–0.3%$6.9m212,171−88%reduced
CR CRANE COIndustrials0.3%$6.3m213,224+0.4%held
VMC VULCAN MATLS COBasic Materials0.3%$5.9m79,3750.0%held
MA MASTERCARD INCFinancial Services0.3%$5.2m29,430–new
PG PROCTER & GAMBLE COConsumer Defensive0.3%$5.0m72,010−2.0%reduced
JNJ JOHNSON & JOHNSONHealthcare0.2%$4.7m67,642−1.2%reduced
RDS/A ROYAL DUTCH SHELL PLC–0.2%$4.3m72,419−2.5%reduced
STAPLES INC no ticker–0.2%$4.3m189,187−3.1%reduced
LEUCADIA NATL CORP no ticker–0.2%$4.1m91,186−2.7%reduced
ENCANA CORP no ticker–0.2%$4.1m61,7500.0%held
CSCO CISCO SYS INCTechnology0.2%$3.7m162,2000.0%held
DVN DEVON ENERGY CORP NEWEnergy0.2%$3.6m40,0000.0%held
GE GENERAL ELECTRIC COIndustrials0.2%$3.2m125,260−42%reduced
CVX CHEVRON CORPORATIONEnergy0.1%$2.8m34,416+3.8%added
AXP AMERICAN EXPRESS COFinancial Services0.1%$2.8m79,948−0.6%reduced
AMERICAN TOWER CORP no ticker–0.1%$2.8m78,0000.0%held
COP CONOCOPHILLIPSEnergy0.1%$2.6m36,008+2.9%added
IBM INTERNATIONAL BUSINESS MACHSTechnology0.1%$2.6m22,4200.0%held
DOV DOVER CORPIndustrials0.1%$2.6m63,690−0.4%held
CSL CARLISLE COS INCIndustrials0.1%$2.2m72,838−2.1%reduced
SUN MICROSYSTEMS INC no ticker–0.09%$1.9m250,0000.0%held
JPM JPMORGAN CHASE & COFinancial Services0.09%$1.7m36,7500.0%held
AMERICAN INTL GROUP INC no ticker–0.09%$1.7m510,918−87%reduced
BAC BANK OF AMER CORPFinancial Services0.08%$1.7m48,400−52%reduced
VNO VORNADO RLTY TRReal Estate0.08%$1.5m17,0000.0%held
FULT FULTON FINL CORP PAFinancial Services0.07%$1.5m134,575−1.9%reduced
MESA RTY TR no ticker–0.07%$1.4m23,0000.0%held
KO COCA COLA COConsumer Defensive0.06%$1.2m22,4460.0%held

Exited since Q2 2008

215 rows
HEINEKEN HLDG NV no ticker11.0%$303m
SCRIPPS E W CO OHIO no ticker4.9%$134m
PERNOD RICARD S A no ticker4.2%$116m
CADBURY PLC no ticker3.3%$90.8m
CANADIAN OIL SANDS TRUST no ticker0.5%$15.0m
BERNER GRUPPEN no ticker0.5%$14.9m
SWEDISH MATCH AB no ticker0.5%$13.8m
INTERNAT'L SPEEDWAY no ticker0.5%$13.2m
BRITISH AMER TOBACCO PLC no ticker0.4%$10.0m
PARGESA HOLDING AG - B no ticker0.4%$9.8m
JC DECAUX SA ACT no ticker0.3%$7.0m
TAMEDIA AG no ticker0.2%$5.3m
CRH CRH PLC0.2%$4.8m
PHILIP MORRIS CR AS no ticker0.2%$4.1m
HEINEKEN NV UNSPONS no ticker0.1%$4.0m
NORGES HANDELS OG SJOF no ticker0.1%$3.2m
THE SWATCH GROUP AG-BR no ticker0.1%$3.1m
KINGSPAN GROUP PLC no ticker0.1%$2.8m
BIC no ticker0.1%$2.8m
HEINEKEN NV no ticker0.05%$1.4m
TJX TJX COS INC NEW0.05%$1.3m
A P MOLLER-MAERSK A/S no ticker0.04%$970k
WPP GROUP PLC no ticker0.03%$868k
ANGLO AMERICAN PLC no ticker0.02%$685k
IMPERIAL TOBACCO GROUP PLC no ticker0.02%$620k
BERNER GRUPPEN no ticker0.02%$473k
NEUE ZUERCHER ZEITUNG no ticker0.02%$435k
RYDEX SER TR JUNO FD MUTUAL no ticker0.01%$399k
WYETH no ticker0.01%$300k
DR PEPPER SNAPPLE GROUP INC no ticker0.01%$251k
WALGREEN CO no ticker0.01%$233k
WRIGLEY WM JR CO no ticker0.01%$191k
OXY OCCIDENTAL PETE CORP0.01%$180k
PXGBX PRAXAIR INC0.01%$170k
VECTREN CORP no ticker0.01%$168k
3I GROUP PLC no ticker0.01%$168k
BMY BRISTOL-MYERS SQUIBB CO0.01%$156k
DAILY MAIL & GEN TST-A no ticker0.01%$156k
INTC INTEL CORP0.01%$154k
ALL ALLSTATE CORP0.01%$153k
FIS FIDELITY NATL INFORMATION SV0.01%$151k
NEWS CORP no ticker0.01%$141k
ACE LTD no ticker0.01%$138k
YORW YORK WTR CO0.0%$131k
EXPD EXPEDITORS INTL WASH INC0.0%$129k
USA MOBILITY INC no ticker0.0%$127k
LOW LOWES COS INC0.0%$121k
VZ VERIZON COMMUNICATIONS INC0.0%$120k
GROW U S GLOBAL INVS INC0.0%$113k
HSY HERSHEY CO0.0%$109k

Sector mix

  • Unclassified40.7%
  • Consumer Defensive25.5%
  • Financial Services14.7%
  • Basic Materials12.3%
  • Consumer Cyclical3.0%
  • Healthcare1.5%
  • Industrials0.9%
  • Energy0.5%
  • Communication Services0.5%
  • Technology0.3%
  • Real Estate0.08%
  • Utilities0.03%

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