Funds › Gardner Russo & Quinn (Tom Russo) › Q1 2013Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2013 Gardner Russo & Quinn (Tom Russo) disclosed 157 US equity positions worth $4.3bn in its Q1 2013 13F filing. Its largest position is Nestle SA-Spons at 21.5% of the reported book, followed by PM and BRK/A. Versus Q4 2012 it opened 18 new positions, added to 24, reduced 30 and exited 4.
$4.3bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
157 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
21.5% 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 Q4 2012: 18 new , 24 added , 30 reduced , 4 exited
50 of 157 Show all 157
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons no ticker – 21.5% $920m 12.69m +6.8% added PM PHILIP MORRIS INTL INC Consumer Defensive 19.1% $818m 8.82m +10% added BRK/A BERKSHIRE HATHAWAY INC DEL – 17.7% $755m 4,833 +4.7% added WFC WELLS FARGO & CO Financial Services 11.0% $469m 12.68m +8.8% added UNILEVER N V no ticker – 8.6% $366m 8.93m +8.1% added BRK/B BERKSHIRE HATHAWAY INC DEL – 5.3% $228m 2.19m +5.2% added BF/A BROWN FORMAN CORP – 4.8% $207m 2.81m +1.2% added MLM MARTIN MARIETTA MATLS INC Basic Materials 4.1% $174m 1.70m +2.4% added SNI SCRIPPS NETWORKS INTERACT IN – 2.1% $90.3m 1.40m +0.1% held Washington Post no ticker – 1.1% $48.7m 108,948 −6.4% reduced HAS HASBRO INC Consumer Cyclical 0.8% $35.2m 801,409 −7.3% reduced BF/B BROWN FORMAN CORP – 0.4% $18.8m 263,691 +99% added FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.3% $12.6m 110,995 +1.9% added PG PROCTER & GAMBLE CO Consumer Defensive 0.3% $11.5m 149,435 −2.3% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.3% $10.8m 390,540 −2.2% reduced CR CRANE CO Industrials 0.2% $10.4m 185,472 −1.0% reduced MKL MARKEL GROUP INC Financial Services 0.2% $10.0m 19,956 +0.3% held AXP AMERICAN EXPRESS CO Financial Services 0.2% $7.8m 115,965 +0.4% held KO COCA COLA CO Consumer Defensive 0.2% $7.3m 180,778 +3.1% added DOV DOVER CORP Industrials 0.1% $6.3m 86,745 −1.4% reduced CVX CHEVRON CORPORATION Energy 0.1% $6.0m 50,221 −0.5% held HRL HORMEL FOODS CORP Consumer Defensive 0.1% $5.4m 131,784 −3.8% reduced PEP PEPSICO INC Consumer Defensive 0.1% $5.0m 62,906 −4.9% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.1% $4.8m 74,185 +3.6% added MKC MCCORMICK & CO INC Consumer Defensive 0.09% $3.9m 52,830 0.0% held ABBV ABBVIE INC Healthcare 0.08% $3.6m 88,250 – new ABT ABBOTT LABORATORIES Healthcare 0.07% $3.1m 87,700 −1.8% reduced Danone no ticker – 0.07% $3.0m 212,075 0.0% held IBM INTERNATIONAL BUSINESS MACHS Technology 0.06% $2.7m 12,490 +15% added PGR PROGRESSIVE CORP Financial Services 0.06% $2.4m 96,611 −7.7% reduced Wells Fargo WTS Exp 10/28/18 WTS no ticker – 0.05% $2.1m 177,750 0.0% held PRECISION CASTPARTS CORP no ticker – 0.04% $1.9m 10,000 +39% added MSFT MICROSOFT CORP Technology 0.04% $1.9m 65,617 −2.5% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.04% $1.8m 26,551 0.0% held WMT WALMART INC Consumer Defensive 0.04% $1.7m 22,939 0.0% held Heineken NV Spons no ticker – 0.04% $1.6m 42,621 +7.2% added DU PONT E I DE NEMOURS & CO no ticker – 0.03% $1.4m 27,618 +0.8% added BBTUSD BB&T CORP – 0.03% $1.3m 40,996 +1.4% added CIE Financiere Richemont-Unsp no ticker – 0.03% $1.3m 163,300 +15% added Pernod-Ricard SA-Unspon no ticker – 0.03% $1.1m 45,725 +11% added DE DEERE & CO Industrials 0.02% $1.1m 12,405 −0.4% held LAMAR ADVERTISING CO no ticker – 0.02% $1.1m 21,735 +1.9% added FULT FULTON FINL CORP PA Financial Services 0.02% $1.0m 89,515 −4.9% reduced CSL CARLISLE COS INC Industrials 0.02% $731k 10,784 −0.5% held BTI BRITISH AMERN TOB PLC Consumer Defensive 0.02% $693k 6,475 +8.8% added Swiss Helvetia FD Inc no ticker – 0.01% $626k 51,025 +2.0% added BAC BANK OF AMER CORP Financial Services 0.01% $615k 50,500 0.0% held LEUCADIA NATL CORP no ticker – 0.01% $524k 19,100 −17% reduced MCD MCDONALDS CORP Consumer Cyclical 0.01% $517k 5,185 0.0% held MAT MATTEL INC Consumer Cyclical 0.01% $509k 11,625 −30% reduced
Exited since Q4 2012 4 rows
Stock Prior weight Prior value Jardine Strategic no ticker 0.0% $100k ISRG INTUITIVE SURGICAL INC 0.0% $54.0k THOMSON REUTERS CORP no ticker 0.0% $35.0k STAPLES INC no ticker 0.0% $29.0k
Sector mix Unclassified 62.1% Consumer Defensive 20.3% Financial Services 11.5% Basic Materials 4.1% Consumer Cyclical 1.1% Industrials 0.5% Healthcare 0.2% Energy 0.2% Technology 0.1% Communication Services 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