Gardner Russo & Quinn 13F holdings, Q3 2008
Holdings as of September 30, 2008 · filings on SEC EDGAR · latest filing →
Gardner Russo & Quinn disclosed 91 US equity positions worth $2.0bn in its Q3 2008 13F filing. The largest position was PM at 15.2% of the reported book, followed by WFC and MLM. Against the Q2 2008 filing, it opened 3 new positions, added to 4 and reduced 28 among the top 50 holdings.
What did Gardner Russo & Quinn own in Q3 2008? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2008 |
|---|---|---|---|---|---|---|---|
| 1 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 15.2% | $304.2m | 6,325,150 | 2% | added |
| 2 | WFC WELLS FARGO & CO NEW | Financial Services | 12.3% | $246.9m | 6,577,773 | -6% | reduced |
| 3 | MLM MARTIN MARIETTA MATLS INC | Basic Materials | 10.8% | $215.4m | 1,923,698 | -5% | reduced |
| 4 | COMCAST CORP NEW | 9.7% | $193.5m | 9,814,578 | -1% | reduced | |
| 5 | UST INC | 8.4% | $167.2m | 2,512,444 | -23% | reduced | |
| 6 | MO ALTRIA GROUP INC | Consumer Defensive | 7.3% | $146.9m | 7,405,509 | 23% | added |
| 7 | BF/A BROWN FORMAN CORP | 5.9% | $117.3m | 1,651,765 | -2% | reduced | |
| 8 | SNI SCRIPPS NETWORKS INTERACT IN | 5.8% | $115.2m | 3,172,927 | – | new | |
| 9 | WASHINGTON POST CO | 5.4% | $107.5m | 193,096 | -2% | reduced | |
| 10 | HRB BLOCK H & R INC | Consumer Cyclical | 3.0% | $60.3m | 2,649,587 | -17% | reduced |
| 11 | DEO DIAGEO P L C SPON | Consumer Defensive | 1.5% | $29.6m | 430,228 | -1% | reduced |
| 12 | INTERNATIONAL SPEEDWAY CORP | 1.4% | $28.7m | 737,581 | -5% | reduced | |
| 13 | MKL MARKEL CORP | Financial Services | 1.2% | $24.5m | 69,834 | -0% | held |
| 14 | ABT ABBOTT LABS | Healthcare | 1.2% | $24.1m | 417,981 | -0% | held |
| 15 | MATV SCHWEITZER-MAUDUIT INTL INC | Basic Materials | 1.2% | $23.1m | 1,216,737 | -11% | reduced |
| 16 | EXMOC EXXON MOBIL CORP | 1.0% | $19.4m | 249,946 | -2% | reduced | |
| 17 | BF/B BROWN FORMAN CORP | 0.9% | $18.0m | 251,120 | -2% | reduced | |
| 18 | HRL HORMEL FOODS CORP | Consumer Defensive | 0.7% | $14.9m | 409,425 | -1% | reduced |
| 19 | PGR PROGRESSIVE CORP OHIO | Financial Services | 0.4% | $8.0m | 457,059 | -10% | reduced |
| 20 | PEP PEPSICO INC | Consumer Defensive | 0.4% | $7.9m | 110,195 | -1% | reduced |
| 21 | SCRIPPS E W CO OHIO | 0.4% | $7.5m | 1,054,223 | – | new | |
| 22 | ANHEUSER BUSCH COS INC | 0.4% | $7.3m | 112,433 | -11% | reduced | |
| 23 | KRAFT FOODS INC | 0.3% | $6.9m | 212,171 | -88% | reduced | |
| 24 | CR CRANE CO | Industrials | 0.3% | $6.3m | 213,224 | 0% | held |
| 25 | VMC VULCAN MATLS CO | Basic Materials | 0.3% | $5.9m | 79,375 | 0% | held |
| 26 | MA MASTERCARD INC | Financial Services | 0.3% | $5.2m | 29,430 | – | new |
| 27 | PG PROCTER & GAMBLE CO | Consumer Defensive | 0.3% | $5.0m | 72,010 | -2% | reduced |
| 28 | JNJ JOHNSON & JOHNSON | Healthcare | 0.2% | $4.7m | 67,642 | -1% | reduced |
| 29 | RDS/A ROYAL DUTCH SHELL PLC SPONS | 0.2% | $4.3m | 72,419 | -3% | reduced | |
| 30 | STAPLES INC | 0.2% | $4.3m | 189,187 | -3% | reduced | |
| 31 | LEUCADIA NATL CORP | 0.2% | $4.1m | 91,186 | -3% | reduced | |
| 32 | ENCANA CORP | 0.2% | $4.1m | 61,750 | 0% | held | |
| 33 | CSCO CISCO SYS INC | Technology | 0.2% | $3.7m | 162,200 | 0% | held |
| 34 | DVN DEVON ENERGY CORP NEW | Energy | 0.2% | $3.6m | 40,000 | 0% | held |
| 35 | GE GENERAL ELECTRIC CO | Industrials | 0.2% | $3.2m | 125,260 | -42% | reduced |
| 36 | CVX CHEVRON CORP NEW | Energy | 0.1% | $2.8m | 34,416 | 4% | added |
| 37 | AXP AMERICAN EXPRESS CO | Financial Services | 0.1% | $2.8m | 79,948 | -1% | reduced |
| 38 | AMERICAN TOWER CORP | 0.1% | $2.8m | 78,000 | 0% | held | |
| 39 | COP CONOCOPHILLIPS | Energy | 0.1% | $2.6m | 36,008 | 3% | added |
| 40 | IBM INTERNATIONAL BUSINESS MACHS | Technology | 0.1% | $2.6m | 22,420 | 0% | held |
| 41 | DOV DOVER CORP | Industrials | 0.1% | $2.6m | 63,690 | -0% | held |
| 42 | CSL CARLISLE COS INC | Industrials | 0.1% | $2.2m | 72,838 | -2% | reduced |
| 43 | SUN MICROSYSTEMS INC | 0.1% | $1.9m | 250,000 | 0% | held | |
| 44 | JPM JPMORGAN & CHASE & CO | Financial Services | 0.1% | $1.7m | 36,750 | 0% | held |
| 45 | AMERICAN INTL GROUP INC | 0.1% | $1.7m | 510,918 | -87% | reduced | |
| 46 | BAC BANK OF AMERICA CORPORATION | Financial Services | 0.1% | $1.7m | 48,400 | -52% | reduced |
| 47 | VNO VORNADO RLTY TR SH BEN INT | Real Estate | 0.1% | $1.5m | 17,000 | 0% | held |
| 48 | FULTON FINL CORP PA | 0.1% | $1.5m | 134,575 | -2% | reduced | |
| 49 | MESA RTY TR UNIT BEN INT | 0.1% | $1.4m | 23,000 | 0% | held | |
| 50 | KO COCA COLA CO | Consumer Defensive | 0.1% | $1.2m | 22,446 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.