Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2011Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2011 Gardner Russo & Quinn (Tom Russo) disclosed 68 US equity positions worth $2.7bn in its Q2 2011 13F filing. Its largest position is Nestle SA-Spons at 22.5% of the reported book, followed by PM and BRK/A. Versus Q1 2011 it opened 1 new position, added to 20, reduced 22 and exited 2.
$2.7bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
68 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
22.5% Largest position The largest single position as a share of the reported equity book.
92.1% Top 10 weight The ten largest positions together, as a share of the reported equity book.
7 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 2011: 1 new , 20 added , 22 reduced , 2 exited
50 of 68 Show all 68
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons no ticker – 22.5% $617m 9.95m +1.9% added PM PHILIP MORRIS INTL INC Consumer Defensive 19.8% $543m 8.13m +1.7% added BRK/A BERKSHIRE HATHAWAY INC DEL – 15.7% $431m 3,715 +4.5% added WFC WELLS FARGO & CO Financial Services 8.3% $227m 8.08m +18% added UNILEVER N V no ticker – 7.8% $213m 6.49m +4.8% added MLM MARTIN MARIETTA MATLS INC Basic Materials 4.5% $124m 1.55m +0.6% added BF/A BROWN FORMAN CORP – 4.5% $122m 1.70m +3.9% added BRK/B BERKSHIRE HATHAWAY INC DEL – 4.2% $115m 1.49m +2.8% added SNI SCRIPPS NETWORKS INTERACT IN – 2.9% $79.1m 1.62m −6.7% reduced Washington Post no ticker – 1.9% $52.3m 124,804 −4.8% reduced HAS HASBRO INC Consumer Cyclical 1.5% $41.4m 942,189 +2.2% added ABT ABBOTT LABORATORIES Healthcare 0.8% $22.9m 434,745 −0.4% held MLKN MILLERKNOLL INC Consumer Cyclical 0.5% $12.6m 462,861 −9.6% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.5% $12.4m 194,831 +7.2% added CR CRANE CO Industrials 0.3% $9.4m 190,597 −1.5% reduced MKL MARKEL GROUP INC Financial Services 0.3% $9.3m 23,394 −5.2% reduced BF/B BROWN FORMAN CORP – 0.3% $8.2m 109,360 −1.5% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.3% $7.1m 106,050 +18% added CVX CHEVRON CORPORATION Energy 0.3% $7.0m 68,176 −0.1% held MKC MCCORMICK & CO INC Consumer Defensive 0.2% $6.8m 138,000 −2.7% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.2% $6.8m 228,446 −6.9% reduced PEP PEPSICO INC Consumer Defensive 0.2% $6.5m 92,474 −28% reduced AXP AMERICAN EXPRESS CO Financial Services 0.2% $6.4m 123,650 +34% added RDS/A ROYAL DUTCH SHELL PLC – 0.2% $4.9m 69,344 +33% added KO COCA COLA CO Consumer Defensive 0.2% $4.8m 71,161 +21% added STAPLES INC no ticker – 0.1% $3.8m 239,480 −0.3% held American Tower Corp no ticker – 0.1% $3.7m 71,330 −0.1% held LEUCADIA NATL CORP no ticker – 0.1% $3.5m 101,850 −4.1% reduced MSFT MICROSOFT CORP Technology 0.1% $3.5m 133,197 −18% reduced Danone no ticker – 0.1% $3.3m 222,750 −0.9% reduced PGR PROGRESSIVE CORP Financial Services 0.10% $2.6m 122,132 −4.7% reduced CSL CARLISLE COS INC Industrials 0.09% $2.5m 51,634 0.0% held DOV DOVER CORP Industrials 0.09% $2.5m 36,350 +4.0% added IBM INTERNATIONAL BUSINESS MACHS Technology 0.07% $1.9m 11,002 −1.3% reduced VMC VULCAN MATLS CO Basic Materials 0.05% $1.5m 38,925 +193% added WMT WALMART INC Consumer Defensive 0.05% $1.3m 24,578 +2.1% added Heineken NV Unspons no ticker – 0.04% $1.2m 40,762 0.0% held CIE Financiere Richemont-Unsp no ticker – 0.04% $1.2m 178,650 0.0% held PNC PNC FINL SVCS GROUP INC Financial Services 0.04% $1.1m 18,374 +6.4% added PRECISION CASTPARTS CORP no ticker – 0.04% $1.1m 6,600 0.0% held FULT FULTON FINL CORP PA Financial Services 0.04% $1.1m 98,591 −3.1% reduced Wells Fargo WTS Exp 10/28/18 WTS no ticker – 0.04% $1.0m 107,750 – new GD GENERAL DYNAMICS CORP Industrials 0.04% $961k 12,900 0.0% held ATR APTARGROUP INC Healthcare 0.03% $936k 17,884 0.0% held VNO VORNADO RLTY TR Real Estate 0.03% $932k 10,000 0.0% held DU PONT E I DE NEMOURS & CO no ticker – 0.03% $929k 17,184 0.0% held Pernod-Ricard SA-Unspon no ticker – 0.03% $900k 45,655 0.0% held JNJ JOHNSON & JOHNSON Healthcare 0.03% $871k 13,101 −0.4% held DE DEERE & CO Industrials 0.03% $849k 10,300 0.0% held BBTUSD BB&T CORP – 0.02% $675k 25,150 0.0% held
Exited since Q1 2011 2 rows
Stock Prior weight Prior value LAMAR ADVERTISING CO no ticker 0.01% $245k SU SUNCOR ENERGY INC NEW 0.01% $237k
Sector mix Unclassified 60.8% Consumer Defensive 21.5% Financial Services 9.0% Basic Materials 4.6% Consumer Cyclical 2.0% Healthcare 0.9% Industrials 0.6% Energy 0.3% Technology 0.2% Real Estate 0.03% Communication Services 0.02% 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