Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2012Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2012 Gardner Russo & Quinn (Tom Russo) disclosed 143 US equity positions worth $3.6bn in its Q4 2012 13F filing. Its largest position is Nestle SA-Spons at 21.6% of the reported book, followed by PM and BRK/A. Versus Q3 2012 it opened 3 new positions, added to 16, reduced 42 and exited 16.
$3.6bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
143 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.
95.3% 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 2012: 3 new , 16 added , 42 reduced , 16 exited
50 of 143 Show all 143
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons no ticker – 21.6% $774m 11.88m +1.9% added PM PHILIP MORRIS INTL INC Consumer Defensive 18.7% $669m 8.00m +3.2% added BRK/A BERKSHIRE HATHAWAY INC DEL – 17.3% $619m 4,614 +2.4% added WFC WELLS FARGO & CO Financial Services 11.1% $398m 11.66m +8.9% added UNILEVER N V no ticker – 8.8% $316m 8.25m +2.8% added BRK/B BERKSHIRE HATHAWAY INC DEL – 5.2% $187m 2.08m +3.6% added BF/A BROWN FORMAN CORP – 4.8% $171m 2.78m +1.0% added MLM MARTIN MARIETTA MATLS INC Basic Materials 4.4% $157m 1.66m +0.5% held SNI SCRIPPS NETWORKS INTERACT IN – 2.3% $81.2m 1.40m −2.2% reduced Washington Post no ticker – 1.2% $42.5m 116,399 −2.7% reduced HAS HASBRO INC Consumer Cyclical 0.9% $31.0m 864,725 −3.8% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.3% $11.0m 108,970 +1.2% added PG PROCTER & GAMBLE CO Consumer Defensive 0.3% $10.4m 152,910 −7.6% reduced CR CRANE CO Industrials 0.2% $8.7m 187,347 −2.0% reduced MKL MARKEL GROUP INC Financial Services 0.2% $8.6m 19,890 −1.8% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.2% $8.6m 399,440 −3.2% reduced BF/B BROWN FORMAN CORP – 0.2% $8.4m 132,530 −2.9% reduced AXP AMERICAN EXPRESS CO Financial Services 0.2% $6.6m 115,560 −0.9% reduced KO COCA COLA CO Consumer Defensive 0.2% $6.4m 175,258 +0.9% added ABT ABBOTT LABORATORIES Healthcare 0.2% $5.8m 89,300 −15% reduced DOV DOVER CORP Industrials 0.2% $5.8m 87,945 −1.7% reduced CVX CHEVRON CORPORATION Energy 0.2% $5.5m 50,466 −8.6% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.1% $4.9m 71,610 −3.4% reduced PEP PEPSICO INC Consumer Defensive 0.1% $4.5m 66,170 −13% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.1% $4.3m 136,975 −6.3% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.09% $3.4m 52,830 −5.0% reduced Danone no ticker – 0.08% $2.8m 212,025 −2.1% reduced PGR PROGRESSIVE CORP Financial Services 0.06% $2.2m 104,686 −5.9% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.06% $2.1m 10,825 −1.9% reduced MSFT MICROSOFT CORP Technology 0.05% $1.8m 67,267 −2.7% reduced Wells Fargo WTS Exp 10/28/18 WTS no ticker – 0.05% $1.8m 177,750 0.0% held WMT WALMART INC Consumer Defensive 0.04% $1.6m 22,934 −4.9% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.04% $1.5m 26,551 −0.6% reduced PRECISION CASTPARTS CORP no ticker – 0.04% $1.4m 7,200 0.0% held Heineken NV Spons no ticker – 0.04% $1.3m 39,771 – new DU PONT E I DE NEMOURS & CO no ticker – 0.03% $1.2m 27,398 +0.9% added BBTUSD BB&T CORP – 0.03% $1.2m 40,426 +0.7% added CIE Financiere Richemont-Unsp no ticker – 0.03% $1.1m 142,300 +8.2% added DE DEERE & CO Industrials 0.03% $1.1m 12,450 0.0% held Pernod-Ricard SA-Unspon no ticker – 0.03% $949k 41,150 +15% added FULT FULTON FINL CORP PA Financial Services 0.03% $905k 94,168 −1.1% reduced LAMAR ADVERTISING CO no ticker – 0.02% $827k 21,335 +1.0% added CSL CARLISLE COS INC Industrials 0.02% $637k 10,834 0.0% held MAT MATTEL INC Consumer Cyclical 0.02% $609k 16,625 −27% reduced BTI BRITISH AMERN TOB PLC Consumer Defensive 0.02% $602k 5,950 +23% added BAC BANK OF AMER CORP Financial Services 0.02% $586k 50,500 +1920% added Swiss Helvetia FD Inc no ticker – 0.02% $565k 50,000 0.0% held LEUCADIA NATL CORP no ticker – 0.02% $548k 23,050 −36% reduced DIS DISNEY WALT CO Communication Services 0.01% $473k 9,500 −21% reduced MCD MCDONALDS CORP Consumer Cyclical 0.01% $457k 5,185 −21% reduced
Exited since Q3 2012 Sector mix Unclassified 61.9% Consumer Defensive 19.9% Financial Services 11.7% Basic Materials 4.4% Consumer Cyclical 1.1% Industrials 0.5% Healthcare 0.2% Energy 0.2% Technology 0.1% 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