Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2009Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2009 Gardner Russo & Quinn (Tom Russo) disclosed 71 US equity positions worth $1.4bn in its Q3 2009 13F filing. Its largest position is PM at 21.9% of the reported book, followed by WFC and COMCAST CORP NEW. Versus Q2 2009 it opened 4 new positions, added to 11, reduced 32 and exited 4.
$1.4bn 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.
21.9% Largest position The largest single position as a share of the reported equity book.
88.7% 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 Q2 2009: 4 new , 11 added , 32 reduced , 4 exited
50 of 71 Show all 71
Stock Sector Weight Value Shares Δ shares Action PM PHILIP MORRIS INTL INC Consumer Defensive 21.9% $300m 6.15m −3.2% reduced WFC WELLS FARGO & CO Financial Services 12.7% $174m 6.18m −2.4% reduced COMCAST CORP NEW no ticker – 11.6% $159m 9.88m −2.3% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 11.4% $156m 1.69m −2.7% reduced MO ALTRIA GROUP INC Consumer Defensive 8.3% $114m 6.40m −9.1% reduced SNI SCRIPPS NETWORKS INTERACT IN – 6.9% $94.0m 2.55m −1.6% reduced WASHINGTON POST CO no ticker – 6.4% $87.7m 187,433 +7.3% added BF/A BROWN FORMAN CORP – 5.4% $74.5m 1.46m −0.8% reduced DEO DIAGEO PLC Consumer Defensive 2.1% $28.1m 457,656 +1.6% added ABT ABBOTT LABORATORIES Healthcare 2.0% $27.9m 564,310 +23% added MA MASTERCARD INC Financial Services 1.2% $16.5m 81,570 +6.5% added PG PROCTER & GAMBLE CO Consumer Defensive 1.1% $15.6m 269,047 +5.5% added MKL MARKEL GROUP INC Financial Services 1.0% $13.9m 42,114 −18% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.9% $11.8m 331,697 −8.3% reduced EXMOC EXXON MOBIL CORP – 0.8% $11.3m 165,253 −16% reduced BF/B BROWN FORMAN CORP – 0.6% $8.8m 183,525 −1.7% reduced PEP PEPSICO INC Consumer Defensive 0.6% $8.4m 142,625 −2.9% reduced CR CRANE CO Industrials 0.4% $4.8m 187,847 0.0% held STAPLES INC no ticker – 0.3% $4.0m 171,080 −3.3% reduced CVX CHEVRON CORPORATION Energy 0.3% $3.9m 54,944 +80% added CSCO CISCO SYS INC Technology 0.3% $3.5m 148,750 −0.7% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.3% $3.4m 59,889 −7.8% reduced VMC VULCAN MATLS CO Basic Materials 0.2% $3.2m 58,425 −25% reduced ENCANA CORP no ticker – 0.2% $3.0m 51,500 0.0% held JNJ JOHNSON & JOHNSON Healthcare 0.2% $2.9m 47,953 −4.4% reduced AMERICAN TOWER CORP no ticker – 0.2% $2.8m 76,360 −0.2% held PGR PROGRESSIVE CORP Financial Services 0.2% $2.7m 164,854 −0.9% reduced LEUCADIA NATL CORP no ticker – 0.2% $2.7m 107,336 +0.4% held CSL CARLISLE COS INC Industrials 0.2% $2.4m 69,338 0.0% held AXP AMERICAN EXPRESS CO Financial Services 0.2% $2.3m 67,225 0.0% held DVN DEVON ENERGY CORP NEW Energy 0.1% $2.0m 30,000 0.0% held KRAFT FOODS INC no ticker – 0.1% $1.7m 66,225 −28% reduced KO COCA COLA CO Consumer Defensive 0.1% $1.6m 30,206 +5.8% added DOV DOVER CORP Industrials 0.1% $1.6m 40,550 −0.5% held JPM JPMORGAN CHASE & CO Financial Services 0.10% $1.3m 30,000 0.0% held VNO VORNADO RLTY TR Real Estate 0.08% $1.1m 17,549 +0.4% held SSP SCRIPPS E W CO OHIO Communication Services 0.08% $1.1m 148,332 −28% reduced COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.08% $1.1m 19,075 +6.9% added COP CONOCOPHILLIPS Energy 0.07% $940k 20,804 −49% reduced GD GENERAL DYNAMICS CORP Industrials 0.07% $930k 14,400 0.0% held ATR APTARGROUP INC Healthcare 0.07% $918k 24,584 −3.2% reduced AES AES CORP Utilities 0.06% $864k 58,300 0.0% held CMCSA COMCAST CORP NEW Communication Services 0.06% $861k 51,011 +2.5% added FULT FULTON FINL CORP PA Financial Services 0.06% $830k 112,182 −31% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.06% $778k 6,501 −28% reduced MMM 3M CO Industrials 0.06% $760k 10,300 0.0% held MESA RTY TR no ticker – 0.05% $713k 21,000 0.0% held EATON VANCE INS PA MUN BD FD no ticker – 0.05% $679k 72,116 – new SLB SLB LIMITED Energy 0.05% $669k 11,225 0.0% held DIS DISNEY WALT CO Communication Services 0.04% $579k 21,100 +7.7% added
Exited since Q2 2009 4 rows
Stock Prior weight Prior value SUN MICROSYSTEMS INC no ticker 0.04% $455k DU PONT E I DE NEMOURS & CO no ticker 0.04% $437k BBTUSD BB&T CORP 0.03% $333k SWISS HELVETIA FD INC no ticker 0.02% $193k
Sector mix Consumer Defensive 35.1% Unclassified 33.4% Financial Services 15.5% Basic Materials 11.6% Healthcare 2.3% Industrials 0.8% Energy 0.5% Technology 0.3% Communication Services 0.2% Real Estate 0.08% 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