Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2012Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2012 Gardner Russo & Quinn (Tom Russo) disclosed 178 US equity positions worth $3.3bn in its Q2 2012 13F filing. Its largest position is PM at 21.6% of the reported book, followed by Nestle SA-Spons and BRK/A. Versus Q1 2012 it opened 20 new positions, added to 27, reduced 33 and exited 8.
$3.3bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
178 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
21.6% Largest position The largest single position as a share of the reported equity book.
94.2% 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 2012: 20 new , 27 added , 33 reduced , 8 exited
50 of 178 Show all 178
Stock Sector Weight Value Shares Δ shares Action PM PHILIP MORRIS INTL INC Consumer Defensive 21.6% $711m 8.14m +1.3% added Nestle SA-Spons no ticker – 20.0% $656m 10.98m +3.9% added BRK/A BERKSHIRE HATHAWAY INC DEL – 16.6% $547m 4,377 +5.1% added WFC WELLS FARGO & CO Financial Services 10.2% $336m 10.05m +4.5% added UNILEVER N V no ticker – 7.8% $257m 7.69m +7.4% added BF/A BROWN FORMAN CORP – 5.3% $174m 1.83m +2.4% added BRK/B BERKSHIRE HATHAWAY INC DEL – 4.8% $157m 1.88m +9.1% added MLM MARTIN MARIETTA MATLS INC Basic Materials 3.9% $129m 1.63m +2.8% added SNI SCRIPPS NETWORKS INTERACT IN – 2.5% $82.9m 1.46m −2.8% reduced Washington Post no ticker – 1.4% $45.4m 121,412 −3.9% reduced HAS HASBRO INC Consumer Cyclical 0.9% $31.2m 920,469 −2.5% reduced ABT ABBOTT LABORATORIES Healthcare 0.7% $22.9m 355,156 −3.9% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.3% $11.4m 185,904 +0.2% held FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.3% $10.0m 111,909 +2.0% added MKL MARKEL GROUP INC Financial Services 0.3% $8.9m 20,134 −0.5% reduced BF/B BROWN FORMAN CORP – 0.3% $8.8m 90,648 −4.1% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.2% $7.8m 422,586 −0.7% reduced AXP AMERICAN EXPRESS CO Financial Services 0.2% $7.3m 125,050 +2.6% added CR CRANE CO Industrials 0.2% $6.9m 189,797 +0.2% held KO COCA COLA CO Consumer Defensive 0.2% $6.7m 86,199 +5.3% added CVX CHEVRON CORPORATION Energy 0.2% $6.7m 63,224 −1.2% reduced PEP PEPSICO INC Consumer Defensive 0.2% $5.6m 79,206 −4.9% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.2% $5.2m 77,275 +6.8% added HRL HORMEL FOODS CORP Consumer Defensive 0.1% $4.7m 153,471 −8.2% reduced DOV DOVER CORP Industrials 0.1% $4.6m 86,310 +39% added MKC MCCORMICK & CO INC Consumer Defensive 0.1% $3.7m 60,935 −11% reduced STAPLES INC no ticker – 0.08% $2.8m 212,800 −2.3% reduced Danone no ticker – 0.08% $2.8m 222,475 −0.1% held PGR PROGRESSIVE CORP Financial Services 0.07% $2.4m 115,810 −2.0% reduced MSFT MICROSOFT CORP Technology 0.07% $2.2m 71,085 −14% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.07% $2.2m 11,033 −1.5% reduced WMT WALMART INC Consumer Defensive 0.05% $1.7m 24,278 +20% added PNC PNC FINL SVCS GROUP INC Financial Services 0.05% $1.6m 26,967 −29% reduced Wells Fargo WTS Exp 10/28/18 WTS no ticker – 0.05% $1.6m 177,750 +17% added DU PONT E I DE NEMOURS & CO no ticker – 0.04% $1.4m 27,150 −0.1% held BBTUSD BB&T CORP – 0.04% $1.2m 40,150 0.0% held PRECISION CASTPARTS CORP no ticker – 0.04% $1.2m 7,200 +9.1% added DE DEERE & CO Industrials 0.03% $999k 12,350 +21% added FULT FULTON FINL CORP PA Financial Services 0.03% $961k 96,168 −2.0% reduced Heineken NV Unspons no ticker – 0.03% $926k 35,471 +15% added JNJ JOHNSON & JOHNSON Healthcare 0.02% $796k 11,781 −9.2% reduced LEUCADIA NATL CORP no ticker – 0.02% $782k 36,750 0.0% held Pernod-Ricard SA-Unspon no ticker – 0.02% $763k 35,675 +15% added MAT MATTEL INC Consumer Cyclical 0.02% $734k 22,625 0.0% held CIE Financiere Richemont-Unsp no ticker – 0.02% $720k 131,500 +13% added LAMAR ADVERTISING CO no ticker – 0.02% $624k 21,825 +3.1% added MCD MCDONALDS CORP Consumer Cyclical 0.02% $605k 6,835 −8.6% reduced DIS DISNEY WALT CO Communication Services 0.02% $582k 12,000 0.0% held CSL CARLISLE COS INC Industrials 0.02% $574k 10,834 0.0% held GD GENERAL DYNAMICS CORP Industrials 0.02% $544k 8,240 +0.2% held
Exited since Q1 2012 Sector mix Unclassified 59.4% Consumer Defensive 23.0% Financial Services 10.9% Basic Materials 3.9% Consumer Cyclical 1.2% Healthcare 0.7% Industrials 0.4% Energy 0.2% Technology 0.1% 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