Funds › Gardner Russo & Quinn (Tom Russo) › Q1 2009Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2009 Gardner Russo & Quinn (Tom Russo) disclosed 53 US equity positions worth $727.8m in its Q1 2009 13F filing. Its largest position is PM at 29.4% of the reported book, followed by MLM and WFC. Versus Q4 2008 it opened 2 new positions, added to 9, reduced 29 and exited 27.
$728m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
53 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
29.4% Largest position The largest single position as a share of the reported equity book.
92.4% Top 10 weight The ten largest positions together, as a share of the reported equity book.
6 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 2008: 2 new , 9 added , 29 reduced , 27 exited
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Stock Sector Weight Value Shares Δ shares Action PM PHILIP MORRIS INTL INC Consumer Defensive 29.4% $214m 6.01m −0.2% held MLM MARTIN MARIETTA MATLS INC Basic Materials 18.9% $137m 1.73m −3.8% reduced WFC WELLS FARGO & CO Financial Services 12.3% $89.8m 6.31m +7.3% added WASHINGTON POST CO no ticker – 8.6% $62.9m 176,242 −5.8% reduced SNI SCRIPPS NETWORKS INTERACT IN – 8.3% $60.2m 2.68m −4.9% reduced BF/A BROWN FORMAN CORP – 8.1% $58.8m 1.47m −2.6% reduced MKL MARKEL GROUP INC Financial Services 2.2% $16.4m 57,679 −5.7% reduced ABT ABBOTT LABORATORIES Healthcare 1.9% $13.5m 283,706 −23% reduced HRL HORMEL FOODS CORP Consumer Defensive 1.6% $11.7m 370,173 −3.9% reduced BF/B BROWN FORMAN CORP – 1.1% $7.7m 198,721 −67% reduced PEP PEPSICO INC Consumer Defensive 0.9% $6.6m 129,100 +14% added PG PROCTER & GAMBLE CO Consumer Defensive 0.9% $6.4m 136,922 +71% added VMC VULCAN MATLS CO Basic Materials 0.5% $3.5m 78,650 −0.8% reduced STAPLES INC no ticker – 0.5% $3.3m 184,598 −1.3% reduced CR CRANE CO Industrials 0.5% $3.3m 194,424 −6.1% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.4% $3.0m 67,564 −2.0% reduced JNJ JOHNSON & JOHNSON Healthcare 0.4% $2.9m 54,790 −2.9% reduced AMERICAN TOWER CORP no ticker – 0.3% $2.4m 77,800 0.0% held PGR PROGRESSIVE CORP Financial Services 0.3% $2.3m 167,959 +5.0% added ENCANA CORP no ticker – 0.3% $2.1m 51,500 0.0% held CVX CHEVRON CORPORATION Energy 0.3% $2.1m 30,650 −8.0% reduced LEUCADIA NATL CORP no ticker – 0.2% $1.6m 105,336 −2.7% reduced DOV DOVER CORP Industrials 0.2% $1.5m 58,050 −3.7% reduced CSL CARLISLE COS INC Industrials 0.2% $1.4m 69,338 −2.7% reduced KO COCA COLA CO Consumer Defensive 0.2% $1.2m 28,021 −2.6% reduced AXP AMERICAN EXPRESS CO Financial Services 0.2% $1.1m 80,852 +10% added FULT FULTON FINL CORP PA Financial Services 0.1% $1.0m 154,811 +4.2% added GE GENERAL ELECTRIC CO Industrials 0.1% $873k 86,367 −21% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.1% $871k 8,990 +20% added ATR APTARGROUP INC Healthcare 0.1% $790k 25,384 0.0% held SSP SCRIPPS E W CO OHIO Communication Services 0.1% $786k 582,215 −22% reduced GD GENERAL DYNAMICS CORP Industrials 0.08% $599k 14,400 −4.0% reduced VNO VORNADO RLTY TR Real Estate 0.08% $574k 17,283 +1.7% added MESA RTY TR no ticker – 0.08% $552k 21,000 −8.7% reduced SLB SLB LIMITED Energy 0.06% $459k 11,300 0.0% held DU PONT E I DE NEMOURS & CO no ticker – 0.05% $380k 17,016 +16% added DE DEERE & CO Industrials 0.05% $371k 11,275 −31% reduced FPL GROUP INC no ticker – 0.05% $370k 7,300 0.0% held DIS DISNEY WALT CO Communication Services 0.05% $362k 19,929 −0.5% held SUN MICROSYSTEMS INC no ticker – 0.05% $361k 49,300 −67% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.05% $339k 11,581 +0.2% held NTRS NORTHERN TR CORP Financial Services 0.04% $299k 5,000 −1.0% reduced BBTUSD BB&T CORP – 0.04% $256k 15,150 0.0% held SUSQUEHANNA BANCSHARES INC P no ticker – 0.03% $217k 23,266 0.0% held R6C2 ROYAL DUTCH SHELL PLC – 0.03% $214k 4,912 −19% reduced WYETH no ticker – 0.03% $207k 4,800 – new MERCK & CO INC no ticker – 0.03% $203k 7,586 0.0% held PXDEUR PIONEER NAT RES CO – 0.03% $188k 11,400 −1.7% reduced BAC BANK OF AMER CORP Financial Services 0.02% $155k 22,790 −41% reduced SWISS HELVETIA FD INC no ticker – 0.02% $124k 14,000 0.0% held
Exited since Q4 2008 Sector mix Consumer Defensive 33.0% Unclassified 28.2% Basic Materials 19.3% Financial Services 15.3% Healthcare 2.4% Industrials 1.1% Energy 0.3% Communication Services 0.2% Technology 0.1% Real Estate 0.08% 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