Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2012Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2012 Gardner Russo & Quinn (Tom Russo) disclosed 156 US equity positions worth $3.5bn in its Q3 2012 13F filing. Its largest position is Nestle SA-Spons at 21.1% of the reported book, followed by PM and BRK/A. Versus Q2 2012 it opened 1 new position, added to 15, reduced 42 and exited 23.
$3.5bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
156 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
21.1% Largest position The largest single position as a share of the reported equity book.
94.9% 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 Q2 2012: 1 new , 15 added , 42 reduced , 23 exited
50 of 156 Show all 156
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons no ticker – 21.1% $735m 11.66m +6.2% added PM PHILIP MORRIS INTL INC Consumer Defensive 20.0% $697m 7.75m −4.8% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 17.2% $598m 4,506 +2.9% added WFC WELLS FARGO & CO Financial Services 10.6% $370m 10.71m +6.6% added UNILEVER N V no ticker – 8.2% $285m 8.03m +4.4% added BRK/B BERKSHIRE HATHAWAY INC DEL – 5.1% $177m 2.01m +6.9% added BF/A BROWN FORMAN CORP – 4.9% $172m 2.75m +50% added MLM MARTIN MARIETTA MATLS INC Basic Materials 3.9% $137m 1.66m +1.5% added SNI SCRIPPS NETWORKS INTERACT IN – 2.5% $87.8m 1.43m −1.6% reduced Washington Post no ticker – 1.2% $43.4m 119,675 −1.4% reduced HAS HASBRO INC Consumer Cyclical 1.0% $34.3m 899,297 −2.3% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.3% $11.5m 165,494 −11% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.3% $9.9m 107,635 −3.8% reduced MKL MARKEL GROUP INC Financial Services 0.3% $9.3m 20,259 +0.6% added BF/B BROWN FORMAN CORP – 0.3% $8.9m 136,548 +51% added MLKN MILLERKNOLL INC Consumer Cyclical 0.2% $8.0m 412,750 −2.3% reduced CR CRANE CO Industrials 0.2% $7.6m 191,097 +0.7% added ABT ABBOTT LABORATORIES Healthcare 0.2% $7.2m 104,550 −71% reduced AXP AMERICAN EXPRESS CO Financial Services 0.2% $6.6m 116,650 −6.7% reduced KO COCA COLA CO Consumer Defensive 0.2% $6.6m 173,623 +101% added CVX CHEVRON CORPORATION Energy 0.2% $6.4m 55,236 −13% reduced PEP PEPSICO INC Consumer Defensive 0.2% $5.4m 75,982 −4.1% reduced DOV DOVER CORP Industrials 0.2% $5.3m 89,460 +3.6% added RDS/A ROYAL DUTCH SHELL PLC – 0.1% $5.1m 74,125 −4.1% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.1% $4.3m 146,251 −4.7% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.10% $3.5m 55,635 −8.7% reduced Danone no ticker – 0.08% $2.7m 216,525 −2.7% reduced PGR PROGRESSIVE CORP Financial Services 0.07% $2.3m 111,210 −4.0% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.07% $2.3m 11,033 0.0% held MSFT MICROSOFT CORP Technology 0.06% $2.1m 69,167 −2.7% reduced WMT WALMART INC Consumer Defensive 0.05% $1.8m 24,128 −0.6% reduced Wells Fargo WTS Exp 10/28/18 WTS no ticker – 0.05% $1.8m 177,750 0.0% held PNC PNC FINL SVCS GROUP INC Financial Services 0.05% $1.7m 26,717 −0.9% reduced DU PONT E I DE NEMOURS & CO no ticker – 0.04% $1.4m 27,150 0.0% held BBTUSD BB&T CORP – 0.04% $1.3m 40,150 0.0% held PRECISION CASTPARTS CORP no ticker – 0.03% $1.2m 7,200 0.0% held Heineken NV Unspons no ticker – 0.03% $1.1m 35,471 0.0% held DE DEERE & CO Industrials 0.03% $1.0m 12,450 +0.8% added FULT FULTON FINL CORP PA Financial Services 0.03% $937k 95,168 −1.0% reduced LEUCADIA NATL CORP no ticker – 0.02% $813k 35,750 −2.7% reduced MAT MATTEL INC Consumer Cyclical 0.02% $803k 22,625 0.0% held Pernod-Ricard SA-Unspon no ticker – 0.02% $801k 35,675 0.0% held CIE Financiere Richemont-Unsp no ticker – 0.02% $789k 131,500 0.0% held LAMAR ADVERTISING CO no ticker – 0.02% $783k 21,125 −3.2% reduced DIS DISNEY WALT CO Communication Services 0.02% $627k 12,000 0.0% held MCD MCDONALDS CORP Consumer Cyclical 0.02% $602k 6,560 −4.0% reduced CSL CARLISLE COS INC Industrials 0.02% $563k 10,834 0.0% held GD GENERAL DYNAMICS CORP Industrials 0.02% $544k 8,225 −0.2% held Swiss Helvetia FD Inc no ticker – 0.02% $539k 50,000 +25% added SLB SLB LIMITED Energy 0.01% $501k 6,925 +17% added
Exited since Q2 2012 Sector mix Unclassified 61.2% Consumer Defensive 21.3% Financial Services 11.2% Basic Materials 4.0% Consumer Cyclical 1.3% Industrials 0.5% Healthcare 0.2% 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