Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2011Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2011 Gardner Russo & Quinn (Tom Russo) disclosed 171 US equity positions worth $2.9bn in its Q4 2011 13F filing. Its largest position is PM at 22.6% of the reported book, followed by Nestle SA-Spons and BRK/A. Versus Q3 2011 it opened 13 new positions, added to 25, reduced 27 and exited 8.
$2.9bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
171 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
22.6% Largest position The largest single position as a share of the reported equity book.
93.5% 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 Q3 2011: 13 new , 25 added , 27 reduced , 8 exited
50 of 171 Show all 171
Stock Sector Weight Value Shares Δ shares Action PM PHILIP MORRIS INTL INC Consumer Defensive 22.6% $647m 8.24m +0.4% held Nestle SA-Spons no ticker – 20.6% $588m 10.18m +2.2% added BRK/A BERKSHIRE HATHAWAY INC DEL – 15.8% $452m 3,943 +2.8% added WFC WELLS FARGO & CO Financial Services 8.9% $254m 9.21m +6.4% added UNILEVER N V no ticker – 8.1% $233m 6.77m +2.0% added BF/A BROWN FORMAN CORP – 4.9% $140m 1.77m +2.3% added BRK/B BERKSHIRE HATHAWAY INC DEL – 4.4% $126m 1.65m +8.6% added MLM MARTIN MARIETTA MATLS INC Basic Materials 4.2% $119m 1.58m +0.7% added SNI SCRIPPS NETWORKS INTERACT IN – 2.4% $67.3m 1.59m −2.0% reduced Washington Post no ticker – 1.6% $47.2m 125,149 +0.6% added HAS HASBRO INC Consumer Cyclical 1.0% $29.9m 937,466 −1.0% reduced ABT ABBOTT LABORATORIES Healthcare 0.8% $21.5m 382,893 −9.9% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.4% $12.4m 186,466 +0.2% held CR CRANE CO Industrials 0.3% $8.9m 191,422 −0.3% held MKL MARKEL GROUP INC Financial Services 0.3% $8.6m 20,669 −7.7% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.3% $8.1m 440,186 −3.8% reduced BF/B BROWN FORMAN CORP – 0.3% $8.0m 98,760 −4.0% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.3% $7.6m 109,044 +4.7% added CVX CHEVRON CORPORATION Energy 0.2% $6.9m 64,471 −0.3% held KO COCA COLA CO Consumer Defensive 0.2% $5.7m 81,934 +15% added HRL HORMEL FOODS CORP Consumer Defensive 0.2% $5.6m 192,404 −12% reduced PEP PEPSICO INC Consumer Defensive 0.2% $5.6m 84,824 −3.7% reduced AXP AMERICAN EXPRESS CO Financial Services 0.2% $5.6m 118,615 +2.9% added RDS/A ROYAL DUTCH SHELL PLC – 0.2% $5.2m 71,144 +6.8% added MKC MCCORMICK & CO INC Consumer Defensive 0.1% $3.8m 75,048 −21% reduced DOV DOVER CORP Industrials 0.1% $3.7m 63,775 +0.9% added MSFT MICROSOFT CORP Technology 0.1% $3.1m 117,953 −7.1% reduced STAPLES INC no ticker – 0.1% $3.0m 219,300 −3.0% reduced Danone no ticker – 0.10% $2.8m 222,750 0.0% held PGR PROGRESSIVE CORP Financial Services 0.08% $2.3m 118,660 −2.0% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.08% $2.2m 37,767 0.0% held VMC VULCAN MATLS CO Basic Materials 0.06% $1.6m 40,825 +18% added IBM INTERNATIONAL BUSINESS MACHS Technology 0.05% $1.6m 8,486 −24% reduced Wells Fargo WTS Exp 10/28/18 WTS no ticker – 0.05% $1.3m 152,500 +0.2% held DU PONT E I DE NEMOURS & CO no ticker – 0.04% $1.2m 27,184 +58% added WMT WALMART INC Consumer Defensive 0.04% $1.2m 19,528 +0.3% held PRECISION CASTPARTS CORP no ticker – 0.04% $1.1m 6,600 0.0% held BBTUSD BB&T CORP – 0.04% $1.0m 40,150 +60% added FULT FULTON FINL CORP PA Financial Services 0.03% $957k 97,591 0.0% held LEUCADIA NATL CORP no ticker – 0.03% $903k 39,715 0.0% held JNJ JOHNSON & JOHNSON Healthcare 0.03% $851k 12,981 −0.5% reduced MCD MCDONALDS CORP Consumer Cyclical 0.03% $787k 7,845 +4.1% added DE DEERE & CO Industrials 0.03% $758k 9,800 −4.9% reduced GD GENERAL DYNAMICS CORP Industrials 0.03% $731k 11,000 −11% reduced MAT MATTEL INC Consumer Cyclical 0.02% $628k 22,625 0.0% held Heineken NV Unspons no ticker – 0.02% $623k 26,837 −14% reduced CIE Financiere Richemont-Unsp no ticker – 0.02% $528k 104,000 −18% reduced DIS DISNEY WALT CO Communication Services 0.02% $525k 14,000 −1.2% reduced Pernod-Ricard SA-Unspon no ticker – 0.02% $523k 28,130 −17% reduced LAMAR ADVERTISING CO no ticker – 0.02% $515k 18,725 +18% added
Exited since Q3 2011 Sector mix Unclassified 58.9% Consumer Defensive 24.1% Financial Services 9.6% Basic Materials 4.2% Consumer Cyclical 1.4% Healthcare 0.8% Industrials 0.5% Energy 0.3% Technology 0.2% Communication Services 0.03% Utilities 0.01% 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