Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2010Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2010 Gardner Russo & Quinn (Tom Russo) disclosed 60 US equity positions worth $2.0bn in its Q4 2010 13F filing. Its largest position is PM at 23.0% of the reported book, followed by BRK/A and WFC. Versus Q3 2010 it opened 1 new position, added to 12, reduced 25 and exited 4.
$2.0bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
60 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
23.0% Largest position The largest single position as a share of the reported equity book.
91.7% 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 Q3 2010: 1 new , 12 added , 25 reduced , 4 exited
50 of 60 Show all 60
Stock Sector Weight Value Shares Δ shares Action PM PHILIP MORRIS INTL INC Consumer Defensive 23.0% $455m 7.77m +3.3% added BRK/A BERKSHIRE HATHAWAY INC DEL – 21.1% $418m 3,470 +2.3% added WFC WELLS FARGO & CO Financial Services 10.4% $205m 6.61m +6.7% added UNILEVER N V no ticker – 9.4% $186m 5.92m +11% added MLM MARTIN MARIETTA MATLS INC Basic Materials 7.0% $139m 1.50m +3.5% added BRK/B BERKSHIRE HATHAWAY INC DEL – 5.7% $113m 1.40m +3.0% added BF/A BROWN FORMAN CORP – 5.5% $109m 1.57m +3.2% added SNI SCRIPPS NETWORKS INTERACT IN – 4.4% $86.5m 1.67m −8.2% reduced Washington Post no ticker – 3.0% $59.3m 134,968 +0.3% held HAS HASBRO INC Consumer Cyclical 2.2% $44.5m 942,169 −1.9% reduced ABT ABBOTT LABORATORIES Healthcare 1.0% $20.7m 431,820 +1.1% added MLKN MILLERKNOLL INC Consumer Cyclical 0.8% $15.0m 592,441 −13% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.6% $12.6m 195,606 −5.1% reduced MKL MARKEL GROUP INC Financial Services 0.6% $11.0m 29,174 −8.8% reduced BF/B BROWN FORMAN CORP – 0.4% $8.1m 117,051 −28% reduced PEP PEPSICO INC Consumer Defensive 0.4% $8.1m 124,412 −1.4% reduced CR CRANE CO Industrials 0.4% $8.0m 195,097 −1.0% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.3% $6.7m 145,000 −2.2% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.3% $6.7m 130,833 −53% reduced CVX CHEVRON CORPORATION Energy 0.3% $6.2m 67,842 +1.7% added STAPLES INC no ticker – 0.3% $5.8m 253,980 −5.1% reduced MSFT MICROSOFT CORP Technology 0.3% $5.4m 194,747 −5.7% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.3% $5.0m 89,625 +4.9% added AXP AMERICAN EXPRESS CO Financial Services 0.2% $4.0m 92,750 −0.4% held KO COCA COLA CO Consumer Defensive 0.2% $3.9m 59,961 −1.1% reduced LEUCADIA NATL CORP no ticker – 0.2% $3.8m 128,686 −0.2% held American Tower Corp no ticker – 0.2% $3.7m 71,400 −0.1% held RDS/A ROYAL DUTCH SHELL PLC – 0.2% $3.6m 53,994 0.0% held PGR PROGRESSIVE CORP Financial Services 0.1% $2.7m 134,514 −8.9% reduced CSL CARLISLE COS INC Industrials 0.1% $2.6m 64,638 0.0% held DOV DOVER CORP Industrials 0.1% $2.1m 35,350 −2.5% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.07% $1.4m 9,600 +22% added WMT WALMART INC Consumer Defensive 0.07% $1.3m 24,272 −0.4% held FULT FULTON FINL CORP PA Financial Services 0.06% $1.1m 108,540 −2.0% reduced PRECISION CASTPARTS CORP no ticker – 0.05% $919k 6,600 0.0% held JNJ JOHNSON & JOHNSON Healthcare 0.05% $905k 14,636 −4.0% reduced DU PONT E I DE NEMOURS & CO no ticker – 0.04% $854k 17,118 0.0% held ATR APTARGROUP INC Healthcare 0.04% $851k 17,884 0.0% held DE DEERE & CO Industrials 0.04% $837k 10,075 0.0% held VNO VORNADO RLTY TR Real Estate 0.04% $833k 10,000 0.0% held BBTUSD BB&T CORP – 0.03% $661k 25,150 0.0% held GD GENERAL DYNAMICS CORP Industrials 0.03% $656k 9,250 0.0% held MCD MCDONALDS CORP Consumer Cyclical 0.03% $611k 7,960 +0.6% added VMC VULCAN MATLS CO Basic Materials 0.03% $590k 13,300 −47% reduced MAT MATTEL INC Consumer Cyclical 0.03% $580k 22,825 −3.9% reduced PXDEUR PIONEER NAT RES CO – 0.03% $564k 6,500 −14% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.03% $551k 9,074 – new SLB SLB LIMITED Energy 0.03% $549k 6,575 0.0% held DIS DISNEY WALT CO Communication Services 0.03% $532k 14,175 −0.7% reduced BP BP PLC Energy 0.02% $375k 8,486 −8.1% reduced
Exited since Q3 2010 4 rows
Stock Prior weight Prior value ENCANA CORP no ticker 0.08% $1.5m MESA RTY TR no ticker 0.05% $971k BAC BANK OF AMER CORP 0.01% $259k NEE NEXTERA ENERGY INC 0.01% $201k
Sector mix Unclassified 50.6% Consumer Defensive 25.3% Financial Services 11.4% Basic Materials 7.1% Consumer Cyclical 3.1% Healthcare 1.1% Industrials 0.8% Energy 0.4% Technology 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