Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2009Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2009 Gardner Russo & Quinn (Tom Russo) disclosed 71 US equity positions worth $1.2bn in its Q2 2009 13F filing. Its largest position is PM at 22.8% of the reported book, followed by WFC and COMCAST CORP NEW. Versus Q1 2009 it opened 19 new positions, added to 11, reduced 20 and exited 1.
$1.2bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
71 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
22.8% Largest position The largest single position as a share of the reported equity book.
88.3% 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 Q1 2009: 19 new , 11 added , 20 reduced , 1 exited
50 of 71 Show all 71
Stock Sector Weight Value Shares Δ shares Action PM PHILIP MORRIS INTL INC Consumer Defensive 22.8% $277m 6.35m +5.6% added WFC WELLS FARGO & CO Financial Services 12.6% $154m 6.33m +0.4% held COMCAST CORP NEW no ticker – 11.7% $143m 10.11m – new MLM MARTIN MARIETTA MATLS INC Basic Materials 11.3% $137m 1.74m +0.6% added MO ALTRIA GROUP INC Consumer Defensive 9.5% $115m 7.04m – new SNI SCRIPPS NETWORKS INTERACT IN – 5.9% $72.0m 2.59m −3.4% reduced BF/A BROWN FORMAN CORP – 5.6% $67.9m 1.47m +0.2% held WASHINGTON POST CO no ticker – 5.1% $61.5m 174,697 −0.9% reduced DEO DIAGEO PLC Consumer Defensive 2.1% $25.8m 450,581 – new ABT ABBOTT LABORATORIES Healthcare 1.8% $21.6m 460,106 +62% added MKL MARKEL GROUP INC Financial Services 1.2% $14.5m 51,404 −11% reduced EXMOC EXXON MOBIL CORP – 1.1% $13.7m 195,644 – new PG PROCTER & GAMBLE CO Consumer Defensive 1.1% $13.0m 254,972 +86% added MA MASTERCARD INC Financial Services 1.1% $12.8m 76,580 – new HRL HORMEL FOODS CORP Consumer Defensive 1.0% $12.5m 361,839 −2.3% reduced PEP PEPSICO INC Consumer Defensive 0.7% $8.1m 146,925 +14% added BF/B BROWN FORMAN CORP – 0.7% $8.0m 186,781 −6.0% reduced CR CRANE CO Industrials 0.3% $4.2m 187,847 −3.4% reduced STAPLES INC no ticker – 0.3% $3.6m 176,898 −4.2% reduced VMC VULCAN MATLS CO Basic Materials 0.3% $3.4m 78,150 −0.6% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.3% $3.3m 64,989 −3.8% reduced JNJ JOHNSON & JOHNSON Healthcare 0.2% $2.8m 50,136 −8.5% reduced CSCO CISCO SYS INC Technology 0.2% $2.8m 149,750 – new ENCANA CORP no ticker – 0.2% $2.5m 51,500 0.0% held PGR PROGRESSIVE CORP Financial Services 0.2% $2.5m 166,359 −1.0% reduced AMERICAN TOWER CORP no ticker – 0.2% $2.4m 76,500 −1.7% reduced KRAFT FOODS INC no ticker – 0.2% $2.3m 91,726 – new LEUCADIA NATL CORP no ticker – 0.2% $2.3m 106,936 +1.5% added CVX CHEVRON CORPORATION Energy 0.2% $2.0m 30,594 −0.2% held COP CONOCOPHILLIPS Energy 0.1% $1.7m 40,938 – new CSL CARLISLE COS INC Industrials 0.1% $1.7m 69,338 0.0% held DVN DEVON ENERGY CORP NEW Energy 0.1% $1.6m 30,000 – new AXP AMERICAN EXPRESS CO Financial Services 0.1% $1.6m 67,250 −17% reduced KO COCA COLA CO Consumer Defensive 0.1% $1.4m 28,554 +1.9% added DOV DOVER CORP Industrials 0.1% $1.3m 40,750 −30% reduced JPM JPMORGAN CHASE & CO Financial Services 0.08% $1.0m 30,000 – new GE GENERAL ELECTRIC CO Industrials 0.08% $993k 84,758 −1.9% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.08% $937k 8,976 −0.2% held ATR APTARGROUP INC Healthcare 0.07% $857k 25,384 0.0% held FULT FULTON FINL CORP PA Financial Services 0.07% $838k 161,560 +4.4% added COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.07% $817k 17,850 – new GD GENERAL DYNAMICS CORP Industrials 0.07% $798k 14,400 0.0% held VNO VORNADO RLTY TR Real Estate 0.06% $787k 17,473 +1.1% added CMCSA COMCAST CORP NEW Communication Services 0.06% $720k 49,761 – new AES AES CORP Utilities 0.06% $677k 58,300 – new MMM 3M CO Industrials 0.05% $619k 10,300 – new SLB SLB LIMITED Energy 0.05% $607k 11,225 −0.7% reduced MESA RTY TR no ticker – 0.05% $564k 21,000 0.0% held DIS DISNEY WALT CO Communication Services 0.04% $457k 19,600 −1.7% reduced SUN MICROSYSTEMS INC no ticker – 0.04% $455k 49,300 0.0% held
Exited since Q1 2009 1 row
Stock Prior weight Prior value LAMAR ADVERTISING CO no ticker 0.01% $103k
Sector mix Consumer Defensive 37.3% Unclassified 31.7% Financial Services 15.4% Basic Materials 11.6% Healthcare 2.1% Industrials 0.8% Energy 0.5% Technology 0.3% Communication Services 0.2% Real Estate 0.06% Utilities 0.06% 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