Funds › Gardner Russo & Quinn (Tom Russo) › Q1 2012Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2012 Gardner Russo & Quinn (Tom Russo) disclosed 166 US equity positions worth $3.2bn in its Q1 2012 13F filing. Its largest position is PM at 22.3% of the reported book, followed by Nestle SA-Spons and BRK/A. Versus Q4 2011 it opened 6 new positions, added to 28, reduced 37 and exited 11.
$3.2bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
166 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
22.3% Largest position The largest single position as a share of the reported equity book.
93.8% 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 Q4 2011: 6 new , 28 added , 37 reduced , 11 exited
50 of 166 Show all 166
Stock Sector Weight Value Shares Δ shares Action PM PHILIP MORRIS INTL INC Consumer Defensive 22.3% $712m 8.04m −2.5% reduced Nestle SA-Spons no ticker – 20.8% $664m 10.57m +3.8% added BRK/A BERKSHIRE HATHAWAY INC DEL – 15.9% $508m 4,166 +5.7% added WFC WELLS FARGO & CO Financial Services 10.3% $328m 9.61m +4.3% added UNILEVER N V no ticker – 7.6% $244m 7.16m +5.8% added BF/A BROWN FORMAN CORP – 4.6% $146m 1.79m +1.3% added BRK/B BERKSHIRE HATHAWAY INC DEL – 4.4% $140m 1.72m +4.3% added MLM MARTIN MARIETTA MATLS INC Basic Materials 4.3% $136m 1.59m +0.4% held SNI SCRIPPS NETWORKS INTERACT IN – 2.3% $73.0m 1.50m −5.6% reduced Washington Post no ticker – 1.5% $47.2m 126,371 +1.0% added HAS HASBRO INC Consumer Cyclical 1.1% $34.7m 944,407 +0.7% added ABT ABBOTT LABORATORIES Healthcare 0.7% $22.6m 369,553 −3.5% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.4% $12.5m 185,624 −0.5% held MLKN MILLERKNOLL INC Consumer Cyclical 0.3% $9.8m 425,586 −3.3% reduced CR CRANE CO Industrials 0.3% $9.2m 189,472 −1.0% reduced MKL MARKEL GROUP INC Financial Services 0.3% $9.1m 20,244 −2.1% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.3% $9.0m 109,734 +0.6% added BF/B BROWN FORMAN CORP – 0.2% $7.9m 94,531 −4.3% reduced AXP AMERICAN EXPRESS CO Financial Services 0.2% $7.1m 121,915 +2.8% added CVX CHEVRON CORPORATION Energy 0.2% $6.9m 63,985 −0.8% reduced KO COCA COLA CO Consumer Defensive 0.2% $6.1m 81,849 −0.1% held PEP PEPSICO INC Consumer Defensive 0.2% $5.5m 83,325 −1.8% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.2% $5.1m 72,350 +1.7% added HRL HORMEL FOODS CORP Consumer Defensive 0.2% $4.9m 167,089 −13% reduced DOV DOVER CORP Industrials 0.1% $3.9m 62,275 −2.4% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.1% $3.7m 68,498 −8.7% reduced STAPLES INC no ticker – 0.1% $3.5m 217,800 −0.7% reduced Danone no ticker – 0.10% $3.1m 222,750 0.0% held PGR PROGRESSIVE CORP Financial Services 0.09% $2.7m 118,210 −0.4% held MSFT MICROSOFT CORP Technology 0.08% $2.7m 82,973 −30% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.08% $2.4m 37,767 0.0% held IBM INTERNATIONAL BUSINESS MACHS Technology 0.07% $2.3m 11,196 +32% added Wells Fargo WTS Exp 10/28/18 WTS no ticker – 0.05% $1.5m 152,500 0.0% held DU PONT E I DE NEMOURS & CO no ticker – 0.04% $1.4m 27,184 0.0% held BBTUSD BB&T CORP – 0.04% $1.3m 40,150 0.0% held WMT WALMART INC Consumer Defensive 0.04% $1.2m 20,163 +3.3% added PRECISION CASTPARTS CORP no ticker – 0.04% $1.1m 6,600 0.0% held FULT FULTON FINL CORP PA Financial Services 0.03% $1.0m 98,168 +0.6% added LEUCADIA NATL CORP no ticker – 0.03% $959k 36,750 −7.5% reduced JNJ JOHNSON & JOHNSON Healthcare 0.03% $856k 12,971 −0.1% held Heineken NV Unspons no ticker – 0.03% $855k 30,796 +15% added DE DEERE & CO Industrials 0.03% $827k 10,225 +4.3% added MAT MATTEL INC Consumer Cyclical 0.02% $762k 22,625 0.0% held MCD MCDONALDS CORP Consumer Cyclical 0.02% $734k 7,480 −4.7% reduced CIE Financiere Richemont-Unsp no ticker – 0.02% $730k 116,550 +12% added LAMAR ADVERTISING CO no ticker – 0.02% $686k 21,175 +13% added Pernod-Ricard SA-Unspon no ticker – 0.02% $650k 31,130 +11% added GD GENERAL DYNAMICS CORP Industrials 0.02% $604k 8,225 −25% reduced CSL CARLISLE COS INC Industrials 0.02% $541k 10,834 −2.7% reduced DIS DISNEY WALT CO Communication Services 0.02% $525k 12,000 −14% reduced
Exited since Q4 2011 Sector mix Unclassified 58.0% Consumer Defensive 23.6% Financial Services 11.0% Basic Materials 4.3% Consumer Cyclical 1.5% Healthcare 0.8% Industrials 0.5% Energy 0.2% Technology 0.2% Communication Services 0.02% Utilities 0.0% 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