Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2010Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2010 Gardner Russo & Quinn (Tom Russo) disclosed 63 US equity positions worth $1.7bn in its Q2 2010 13F filing. Its largest position is BRK/A at 23.7% of the reported book, followed by PM and WFC. Versus Q1 2010 it opened 0 new positions, added to 11, reduced 30 and exited 3.
$1.7bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
63 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
23.7% Largest position The largest single position as a share of the reported equity book.
90.6% Top 10 weight The ten largest positions together, as a share of the reported equity book.
8 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 2010: 0 new , 11 added , 30 reduced , 3 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 23.7% $403m 3,362 +0.3% held PM PHILIP MORRIS INTL INC Consumer Defensive 20.0% $340m 7.42m +4.1% added WFC WELLS FARGO & CO Financial Services 8.2% $140m 5.45m −8.4% reduced UNILEVER N V no ticker – 8.1% $138m 5.06m +11% added MLM MARTIN MARIETTA MATLS INC Basic Materials 7.5% $128m 1.51m −11% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 6.3% $108m 1.35m +0.2% held SNI SCRIPPS NETWORKS INTERACT IN – 5.2% $87.7m 2.17m −14% reduced BF/A BROWN FORMAN CORP – 5.1% $87.4m 1.50m 0.0% held Washington Post no ticker – 3.9% $65.8m 160,181 −14% reduced HAS HASBRO INC Consumer Cyclical 2.5% $42.0m 1.02m −2.2% reduced ABT ABBOTT LABORATORIES Healthcare 1.2% $20.2m 431,670 +0.3% held MLKN MILLERKNOLL INC Consumer Cyclical 0.8% $13.8m 729,189 −2.5% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.8% $13.3m 221,557 −16% reduced MKL MARKEL GROUP INC Financial Services 0.8% $12.8m 37,509 −2.3% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.7% $11.6m 286,124 −9.8% reduced BF/B BROWN FORMAN CORP – 0.6% $9.7m 168,735 −5.3% reduced PEP PEPSICO INC Consumer Defensive 0.5% $7.7m 127,043 −0.7% reduced CR CRANE CO Industrials 0.4% $6.0m 199,647 −0.1% held MKC MCCORMICK & CO INC Consumer Defensive 0.3% $5.8m 152,450 −2.4% reduced MSFT MICROSOFT CORP Technology 0.3% $4.8m 207,722 −1.0% reduced CVX CHEVRON CORPORATION Energy 0.3% $4.5m 65,892 +1.3% added STAPLES INC no ticker – 0.3% $4.4m 231,430 +4.9% added AXP AMERICAN EXPRESS CO Financial Services 0.2% $3.7m 93,155 +39% added FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.2% $3.6m 84,500 +152% added American Tower Corp no ticker – 0.2% $3.4m 75,835 0.0% held KO COCA COLA CO Consumer Defensive 0.2% $3.0m 60,676 +70% added RDS/A ROYAL DUTCH SHELL PLC – 0.2% $2.9m 57,844 −1.9% reduced PGR PROGRESSIVE CORP Financial Services 0.2% $2.8m 149,914 −6.7% reduced LEUCADIA NATL CORP no ticker – 0.1% $2.5m 130,386 +3.7% added CSL CARLISLE COS INC Industrials 0.1% $2.3m 64,738 −1.5% reduced DOV DOVER CORP Industrials 0.09% $1.6m 37,350 −1.1% reduced ENCANA CORP no ticker – 0.09% $1.5m 50,000 0.0% held VMC VULCAN MATLS CO Basic Materials 0.08% $1.4m 32,575 −33% reduced WMT WALMART INC Consumer Defensive 0.07% $1.2m 25,222 −2.0% reduced FULT FULTON FINL CORP PA Financial Services 0.06% $1.1m 112,182 0.0% held JNJ JOHNSON & JOHNSON Healthcare 0.06% $1.1m 17,971 −1.9% reduced MESA RTY TR no ticker – 0.06% $964k 21,000 0.0% held IBM INTERNATIONAL BUSINESS MACHS Technology 0.05% $921k 7,460 +37% added VNO VORNADO RLTY TR Real Estate 0.04% $730k 10,000 −43% reduced PRECISION CASTPARTS CORP no ticker – 0.04% $710k 6,900 +188% added ATR APTARGROUP INC Healthcare 0.04% $680k 17,984 −14% reduced BBTUSD BB&T CORP – 0.04% $662k 25,150 0.0% held MCD MCDONALDS CORP Consumer Cyclical 0.04% $621k 9,425 −2.1% reduced HTLD HEARTLAND EXPRESS INC Industrials 0.04% $611k 42,061 −15% reduced MAT MATTEL INC Consumer Cyclical 0.04% $608k 28,750 0.0% held DU PONT E I DE NEMOURS & CO no ticker – 0.03% $592k 17,118 +0.2% held DE DEERE & CO Industrials 0.03% $575k 10,325 0.0% held GD GENERAL DYNAMICS CORP Industrials 0.03% $571k 9,750 0.0% held DIS DISNEY WALT CO Communication Services 0.03% $554k 17,600 0.0% held SLB SLB LIMITED Energy 0.03% $553k 10,000 −2.9% reduced
Exited since Q1 2010 3 rows
Stock Prior weight Prior value R6C2 ROYAL DUTCH SHELL PLC 0.01% $268k LAMAR ADVERTISING CO no ticker 0.01% $210k Wesco Finl Corp no ticker 0.01% $200k
Sector mix Unclassified 54.1% Consumer Defensive 22.8% Financial Services 9.5% Basic Materials 7.6% Consumer Cyclical 3.4% Healthcare 1.3% Industrials 0.7% Technology 0.3% Energy 0.3% Real Estate 0.04% Communication Services 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