Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2009Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2009 Gardner Russo & Quinn (Tom Russo) disclosed 64 US equity positions worth $1.6bn in its Q4 2009 13F filing. Its largest position is BRK/A at 20.5% of the reported book, followed by PM and MLM. Versus Q3 2009 it opened 18 new positions, added to 7, reduced 22 and exited 25.
$1.6bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
64 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
20.5% Largest position The largest single position as a share of the reported equity book.
90.0% 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 2009: 18 new , 7 added , 22 reduced , 25 exited
50 of 64 Show all 64
Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 20.5% $327m 3,292 – new PM PHILIP MORRIS INTL INC Consumer Defensive 19.2% $306m 6.35m +3.4% added MLM MARTIN MARIETTA MATLS INC Basic Materials 9.4% $150m 1.68m −0.6% reduced WFC WELLS FARGO & CO Financial Services 9.2% $147m 5.46m −12% reduced UNILEVER N V no ticker – 7.5% $120m 3.70m – new SNI SCRIPPS NETWORKS INTERACT IN – 6.6% $105m 2.53m −0.7% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 5.4% $85.4m 25,994 – new BF/A BROWN FORMAN CORP – 5.2% $82.4m 1.46m +0.3% held Washington Post no ticker – 5.1% $81.0m 184,177 −1.7% reduced HAS HASBRO INC Consumer Cyclical 2.1% $33.5m 1.04m – new ABT ABBOTT LABORATORIES Healthcare 1.2% $19.6m 362,185 −36% reduced PG PROCTER & GAMBLE CO Consumer Defensive 1.0% $16.3m 269,012 0.0% held MKL MARKEL GROUP INC Financial Services 0.8% $13.5m 39,770 −5.6% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.8% $12.6m 327,499 −1.3% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.8% $12.2m 763,306 – new BF/B BROWN FORMAN CORP – 0.6% $9.8m 182,120 −0.8% reduced PEP PEPSICO INC Consumer Defensive 0.5% $7.8m 127,952 −10% reduced CR CRANE CO Industrials 0.4% $5.8m 188,047 +0.1% held MKC MCCORMICK & CO INC Consumer Defensive 0.4% $5.6m 156,350 – new CVX CHEVRON CORPORATION Energy 0.3% $4.3m 55,569 +1.1% added STAPLES INC no ticker – 0.3% $4.2m 170,530 −0.3% held RDS/A ROYAL DUTCH SHELL PLC – 0.2% $3.6m 59,089 −1.3% reduced MSFT MICROSOFT CORP Technology 0.2% $3.4m 113,097 – new American Tower Corp no ticker – 0.2% $3.3m 75,860 −0.7% reduced VMC VULCAN MATLS CO Basic Materials 0.2% $3.0m 57,175 −2.1% reduced LEUCADIA NATL CORP no ticker – 0.2% $3.0m 124,986 +16% added PGR PROGRESSIVE CORP Financial Services 0.2% $3.0m 164,714 −0.1% held AXP AMERICAN EXPRESS CO Financial Services 0.2% $2.8m 68,030 +1.2% added CSL CARLISLE COS INC Industrials 0.1% $2.4m 69,338 0.0% held KO COCA COLA CO Consumer Defensive 0.1% $1.8m 31,481 +4.2% added DOV DOVER CORP Industrials 0.1% $1.7m 40,250 −0.7% reduced ENCANA CORP no ticker – 0.1% $1.6m 50,000 −2.9% reduced WMT WALMART INC Consumer Defensive 0.08% $1.3m 25,243 – new VNO VORNADO RLTY TR Real Estate 0.08% $1.2m 17,613 +0.4% held JNJ JOHNSON & JOHNSON Healthcare 0.07% $1.1m 17,228 −64% reduced FULT FULTON FINL CORP PA Financial Services 0.06% $978k 112,182 0.0% held HTLD HEARTLAND EXPRESS INC Industrials 0.06% $945k 61,858 – new ATR APTARGROUP INC Healthcare 0.05% $864k 24,184 −1.6% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.05% $851k 6,501 0.0% held MCD MCDONALDS CORP Consumer Cyclical 0.05% $785k 12,575 – new MESA RTY TR no ticker – 0.05% $775k 21,000 0.0% held GD GENERAL DYNAMICS CORP Industrials 0.05% $743k 10,900 −24% reduced Eaton Vance Ins PA Mun BD FD no ticker – 0.05% $732k 117,000 +62% added BP BP PLC Energy 0.04% $693k 11,956 – new SLB SLB LIMITED Energy 0.04% $628k 9,650 −14% reduced MAT MATTEL INC Consumer Cyclical 0.04% $624k 31,250 – new DU PONT E I DE NEMOURS & CO no ticker – 0.04% $575k 17,076 – new DIS DISNEY WALT CO Communication Services 0.04% $568k 17,600 −17% reduced PXDEUR PIONEER NAT RES CO – 0.04% $559k 11,600 0.0% held DE DEERE & CO Industrials 0.03% $558k 10,325 −7.2% reduced
Exited since Q3 2009 Sector mix Unclassified 52.0% Consumer Defensive 22.0% Financial Services 10.5% Basic Materials 9.6% Consumer Cyclical 2.9% Healthcare 1.4% Industrials 0.8% Energy 0.4% Technology 0.3% Real Estate 0.08% Communication Services 0.04% 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