Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2008Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2008 Gardner Russo & Quinn (Tom Russo) disclosed 78 US equity positions worth $1.3bn in its Q4 2008 13F filing. Its largest position is PM at 20.1% of the reported book, followed by MLM and WFC. Versus Q3 2008 it opened 2 new positions, added to 14, reduced 44 and exited 15.
$1.3bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
78 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
20.1% Largest position The largest single position as a share of the reported equity book.
87.9% Top 10 weight The ten largest positions together, as a share of the reported equity book.
9 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 2008: 2 new , 14 added , 44 reduced , 15 exited
50 of 78 Show all 78
Stock Sector Weight Value Shares Δ shares Action PM PHILIP MORRIS INTL INC Consumer Defensive 20.1% $262m 6.03m −4.7% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 13.4% $175m 1.80m −6.5% reduced WFC WELLS FARGO & CO Financial Services 13.3% $173m 5.88m −11% reduced COMCAST CORP NEW no ticker – 12.3% $161m 9.94m +1.3% added MO ALTRIA GROUP INC Consumer Defensive 8.2% $107m 7.07m −4.5% reduced BF/A BROWN FORMAN CORP – 5.8% $75.3m 1.51m −8.9% reduced WASHINGTON POST CO no ticker – 5.6% $73.0m 187,070 −3.1% reduced SNI SCRIPPS NETWORKS INTERACT IN – 4.8% $61.9m 2.81m −11% reduced BF/B BROWN FORMAN CORP – 2.4% $30.7m 596,680 +138% added DEO DIAGEO PLC Consumer Defensive 2.0% $26.2m 460,918 +7.1% added EXMOC EXXON MOBIL CORP – 1.5% $20.0m 250,602 +0.3% held ABT ABBOTT LABORATORIES Healthcare 1.5% $19.6m 367,706 −12% reduced MKL MARKEL GROUP INC Financial Services 1.4% $18.3m 61,184 −12% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.9% $12.0m 385,173 −5.9% reduced MA MASTERCARD INC Financial Services 0.6% $7.6m 53,190 +81% added PEP PEPSICO INC Consumer Defensive 0.5% $6.2m 113,050 +2.6% added VMC VULCAN MATLS CO Basic Materials 0.4% $5.5m 79,250 −0.2% held PG PROCTER & GAMBLE CO Consumer Defensive 0.4% $4.9m 80,002 +11% added RDS/A ROYAL DUTCH SHELL PLC – 0.3% $3.6m 68,939 −4.8% reduced CR CRANE CO Industrials 0.3% $3.6m 207,124 −2.9% reduced JNJ JOHNSON & JOHNSON Healthcare 0.3% $3.4m 56,415 −17% reduced STAPLES INC no ticker – 0.3% $3.4m 187,067 −1.1% reduced KRAFT FOODS INC no ticker – 0.2% $2.9m 107,135 −50% reduced CVX CHEVRON CORPORATION Energy 0.2% $2.5m 33,300 −3.2% reduced CSCO CISCO SYS INC Technology 0.2% $2.4m 149,750 −7.7% reduced ENCANA CORP no ticker – 0.2% $2.4m 51,500 −17% reduced PGR PROGRESSIVE CORP Financial Services 0.2% $2.4m 159,959 −65% reduced AMERICAN TOWER CORP no ticker – 0.2% $2.3m 77,800 −0.3% held COP CONOCOPHILLIPS Energy 0.2% $2.2m 43,278 +20% added LEUCADIA NATL CORP no ticker – 0.2% $2.1m 108,236 +19% added DOV DOVER CORP Industrials 0.2% $2.0m 60,250 −5.4% reduced DVN DEVON ENERGY CORP NEW Energy 0.2% $2.0m 30,000 −25% reduced GE GENERAL ELECTRIC CO Industrials 0.1% $1.8m 108,685 −13% reduced SSP SCRIPPS E W CO OHIO Communication Services 0.1% $1.6m 744,043 −29% reduced CSL CARLISLE COS INC Industrials 0.1% $1.5m 71,238 −2.2% reduced FULT FULTON FINL CORP PA Financial Services 0.1% $1.4m 148,610 +10% added AXP AMERICAN EXPRESS CO Financial Services 0.1% $1.4m 73,438 −8.1% reduced KO COCA COLA CO Consumer Defensive 0.10% $1.3m 28,771 +28% added JPM JPMORGAN CHASE & CO Financial Services 0.08% $1.1m 35,000 −4.8% reduced VNO VORNADO RLTY TR Real Estate 0.08% $1.0m 17,000 0.0% held MESA RTY TR no ticker – 0.07% $920k 23,000 0.0% held ATR APTARGROUP INC Healthcare 0.07% $895k 25,384 −0.8% reduced GD GENERAL DYNAMICS CORP Industrials 0.07% $864k 15,000 +4.2% added CMCSA COMCAST CORP NEW Communication Services 0.06% $840k 49,761 +23% added TIME WARNER CABLE INC no ticker – 0.06% $754k 35,151 −13% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.05% $633k 7,520 −66% reduced DE DEERE & CO Industrials 0.05% $624k 16,275 −26% reduced MMM 3M CO Industrials 0.05% $593k 10,300 0.0% held SUN MICROSYSTEMS INC no ticker – 0.04% $573k 150,000 −40% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.04% $566k 11,560 0.0% held
Exited since Q3 2008 Sector mix Unclassified 34.2% Consumer Defensive 32.2% Financial Services 15.9% Basic Materials 13.9% Healthcare 1.8% Industrials 0.9% Energy 0.5% Communication Services 0.2% Technology 0.2% Real Estate 0.08% Utilities 0.03% 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