WhaleCreep

Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2013

Long-only investorSEC filingsCompare with another fundHoldings as of 2013-06-30, filed 2013-08-13

Gardner Russo & Quinn (Tom Russo) disclosed 115 US equity positions worth $8.6bn in its Q2 2013 13F filing. Its largest position is Nestle SA-Spons ADR at 10.1% of the reported book, followed by BRK/A and PM. Versus Q1 2013 it opened 50 new positions, added to 23, reduced 23 and exited 92.

$8.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
115
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.1%
Largest position
The largest single position as a share of the reported equity book.
71.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
16
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 2013: 50 new, 23 added, 23 reduced, 92 exited

50 of 115
Nestle SA-Spons ADR no ticker–10.1%$864m13.19m+3.9%added
BRK/A BERKSHIRE HATHAWAY INC DEL–9.6%$825m4,891+1.2%added
PM PHILIP MORRIS INTL INCConsumer Defensive9.3%$796m9.19m+4.2%added
Compagnie Financiere Richemont no ticker–7.0%$600m6.80m–new
MA MASTERCARD INCFinancial Services6.6%$563m979,977–new
WFC WELLS FARGO & COFinancial Services6.5%$558m13.53m+6.7%added
Heineken Holding NV no ticker–6.4%$545m9.72m–new
SABMiller PLC no ticker–5.6%$482m10.08m–new
Pernod Ricard no ticker–5.4%$459m4.15m–new
BUD ANHEUSER BUSCH INBEV SA NVConsumer Defensive4.8%$413m4.57m–new
UNILEVER N V no ticker–4.6%$396m10.07m+13%added
MO ALTRIA GROUP INCConsumer Defensive3.1%$264m7.55m–new
BRK/B BERKSHIRE HATHAWAY INC DEL–2.9%$250m2.23m+1.8%added
British American Tobacco PLC no ticker–2.8%$241m4.72m–new
Diageo PLC no ticker–2.5%$213m7.49m–new
BF/A BROWN FORMAN CORP–2.2%$191m2.83m+0.5%added
COMCAST CORP NEW no ticker–2.2%$186m4.70m–new
MLM MARTIN MARIETTA MATLS INCBasic Materials2.0%$171m1.74m+1.9%added
SNI SCRIPPS NETWORKS INTERACT IN–1.1%$93.5m1.40m−0.1%held
DEO DIAGEO PLCConsumer Defensive0.6%$47.3m411,642–new
Washington Post Cl B no ticker–0.5%$41.9m86,602−21%reduced
JC Decaux SA ACT no ticker–0.5%$39.4m1.45m–new
The Swatch Group AG-BR no ticker–0.4%$31.2m57,048–new
HAS HASBRO INCConsumer Cyclical0.3%$29.5m657,633−18%reduced
BF/B BROWN FORMAN CORP–0.3%$23.7m350,679+33%added
EXMOC EXXON MOBIL CORP–0.2%$20.5m227,061–new
V VISA INCFinancial Services0.2%$19.9m108,933–new
Swedish Match AB no ticker–0.2%$13.3m376,579–new
FMX FOMENTO ECONOMICO MEXICANO SConsumer Defensive0.1%$11.4m110,595−0.4%held
PG PROCTER & GAMBLE COConsumer Defensive0.1%$10.9m142,105−4.9%reduced
CR CRANE COIndustrials0.1%$10.8m180,652−2.6%reduced
MKL MARKEL GROUP INCFinancial Services0.1%$10.5m19,9560.0%held
MLKN MILLERKNOLL INCConsumer Cyclical0.1%$10.3m379,870−2.7%reduced
AXP AMERICAN EXPRESS COFinancial Services0.1%$8.7m116,165+0.2%held
GS GOLDMAN SACHS GROUP INCFinancial Services0.1%$8.7m57,225–new
CVX CHEVRON CORPORATIONEnergy0.09%$7.7m65,471+30%added
KO COCA COLA COConsumer Defensive0.08%$7.3m181,303+0.3%held
DOV DOVER CORPIndustrials0.08%$6.6m85,045−2.0%reduced
Berner Gruppen no ticker–0.07%$6.1m116,554–new
PEP PEPSICO INCConsumer Defensive0.06%$5.0m60,852−3.3%reduced
HRL HORMEL FOODS CORPConsumer Defensive0.06%$4.9m125,784−4.6%reduced
RDS/A ROYAL DUTCH SHELL PLC–0.06%$4.8m74,810+0.8%added
ABBV ABBVIE INCHealthcare0.04%$3.6m87,127−1.3%reduced
Heineken NV no ticker–0.04%$3.5m54,588–new
PXGBX PRAXAIR INC–0.04%$3.4m29,675–new
MKC MCCORMICK & CO INCConsumer Defensive0.04%$3.4m48,430−8.3%reduced
Danone ADR no ticker–0.04%$3.1m208,050−1.9%reduced
IBM INTERNATIONAL BUSINESS MACHSTechnology0.04%$3.1m16,231+30%added
ABT ABBOTT LABORATORIESHealthcare0.04%$3.0m86,303−1.6%reduced
Nestle SA-REG no ticker–0.03%$2.6m40,000–new

Exited since Q1 2013

92 rows
PSX PHILLIPS 660.01%$405k
KSS KOHLS CORP0.0%$185k
YUSD ALLEGHANY CORP DEL0.0%$184k
CITUSD CIT GROUP INC0.0%$176k
UNP UNION PACIFIC CORP0.0%$164k
YUM YUM BRANDS INC0.0%$158k
SMG SCOTTS MIRACLE-GRO CO0.0%$130k
SU SUNCOR ENERGY INC NEW0.0%$120k
USB US BANCORP0.0%$120k
EXPD EXPEDITORS INTL WASH INC0.0%$107k
MYLAN INC no ticker0.0%$101k
FAST FASTENAL CO0.0%$98.0k
OMC OMNICOM GROUP INC0.0%$94.0k
HEALTHSOUTH CORP no ticker0.0%$92.0k
LXPUSD LXP INDUSTRIAL TRUST0.0%$89.0k
AMZN AMAZON COM INC0.0%$85.0k
MUR MURPHY OIL CORP0.0%$83.0k
ADP AUTOMATIC DATA PROCESSING IN0.0%$72.0k
Strauss Group LTD no ticker0.0%$70.0k
CAT CATERPILLAR INC0.0%$67.0k
WLY WILEY JOHN & SONS INC0.0%$62.0k
BNY BANK OF NY MELLON CORP0.0%$56.0k
PFE PFIZER INC0.0%$55.0k
HD HOME DEPOT INC0.0%$52.0k
JNJ JOHNSON & JOHNSON0.0%$52.0k
NATIONAL PENN BANCSHARES INC no ticker0.0%$50.0k
HSY HERSHEY CO0.0%$49.0k
TR TOOTSIE ROLL INDS INC0.0%$49.0k
E M C CORP MASS no ticker0.0%$48.0k
TJX TJX COS INC NEW0.0%$47.0k
MHK MOHAWK INDS INC0.0%$45.0k
WALGREEN CO no ticker0.0%$37.0k
BEAM INC no ticker0.0%$32.0k
CL COLGATE PALMOLIVE CO0.0%$30.0k
S Y BANCORP INC no ticker0.0%$29.0k
LMT LOCKHEED MARTIN CORP0.0%$29.0k
TWXCHF TIME WARNER INC0.0%$28.0k
Bank of America Corp 7.2500% C CONV no ticker0.0%$26.0k
CHD CHURCH & DWIGHT CO INC0.0%$26.0k
FBIN FORTUNE BRANDS INNOVATIONS I0.0%$26.0k
Micropore Inc C CV no ticker0.0%$25.0k
GROW U S GLOBAL INVS INC0.0%$25.0k
Nuveen PA Invt Qual MUN FD no ticker0.0%$24.0k
WHOLE FOODS MKT INC no ticker0.0%$24.0k
Wells Fargo 7.5000% Conv no ticker0.0%$23.0k
R6C2 ROYAL DUTCH SHELL PLC0.0%$22.0k
GWRUSD GENESEE & WYO INC0.0%$21.0k
LOW LOWES COS INC0.0%$21.0k
Burnham Hldgs Inc no ticker0.0%$18.0k
MEADWESTVACO CORP no ticker0.0%$18.0k

Sector mix

  • Unclassified65.0%
  • Consumer Defensive18.3%
  • Financial Services13.7%
  • Basic Materials2.0%
  • Consumer Cyclical0.5%
  • Industrials0.2%
  • Energy0.1%
  • Healthcare0.08%
  • Technology0.07%
  • Communication Services0.03%
  • Utilities0.0%

Book over time

Every quarter on file (85)
QuarterPositionsEquity book
Q2 202685$8.9bn
Q1 202686$8.5bn
Q4 202587$9.3bn
Q3 202585$9.3bn
Q2 202585$9.4bn
Q1 202586$8.9bn
Q4 202468$8.8bn
Q3 202477$9.7bn
Q2 202477$9.5bn
Q1 202481$9.7bn
Q4 202382$9.8bn
Q3 202382$9.2bn
Q2 202383$10.1bn
Q1 202384$9.6bn
Q4 202283$9.1bn
Q3 202283$8.3bn
Q2 202285$8.9bn
Q1 202284$10.4bn
Q4 202188$11.2bn
Q3 202187$10.8bn
Q2 202188$11.8bn
Q1 202190$11.0bn
Q4 202092$11.0bn
Q3 202086$10.3bn
Q2 202086$9.8bn
Q1 202084$9.9bn
Q4 201993$13.0bn
Q3 201994$12.8bn
Q2 201996$13.2bn
Q1 201993$12.9bn
Q4 201888$12.0bn
Q3 201895$13.8bn
Q2 201898$13.7bn
Q1 2018100$14.3bn
Q4 2017194$14.5bn
Q3 2017102$14.1bn
Q2 2017102$13.5bn
Q1 2017102$12.9bn
Q4 201697$11.8bn
Q3 2016100$12.0bn
Q2 2016105$11.9bn
Q1 2016107$11.8bn
Q4 2015105$11.7bn
Q3 2015104$11.1bn
Q2 2015109$11.4bn
Q1 2015110$11.1bn
Q4 2014110$11.0bn
Q3 2014111$10.6bn
Q2 2014113$10.8bn
Q1 2014112$10.3bn
Q4 2013110$10.1bn
Q3 2013113$9.4bn
Q2 2013115$8.6bn
Q1 2013157$4.3bn
Q4 2012143$3.6bn
Q3 2012156$3.5bn
Q2 2012178$3.3bn
Q1 2012166$3.2bn
Q4 2011171$2.9bn
Q3 2011166$2.5bn
Q2 201168$2.7bn
Q1 201169$2.7bn
Q4 201060$2.0bn
Q3 201063$1.8bn
Q2 201063$1.7bn
Q1 201066$1.9bn
Q4 200964$1.6bn
Q3 200971$1.4bn
Q2 200971$1.2bn
Q1 200953$728m
Q4 200878$1.3bn
Q3 200891$2.0bn
Q2 2008302$2.7bn
Q1 2008310$2.8bn
Q4 2007312$3.0bn
Q3 2007332$3.1bn
Q2 2007314$3.1bn
Q1 2007319$2.8bn
Q4 2006318$2.8bn
Q3 2006319$2.5bn
Q2 2006312$2.5bn
Q1 2006286$2.1bn
Q4 2005311$2.2bn
Q3 2005370$2.2bn
Q1 1999328$875m

Where Gardner Russo & Quinn (Tom Russo) was early

9 rows
DEO Diageo PLC Sponsored ADRQ2 20062 of 931.2%2.1%40Exited by Q1 2021+135%
PM Philip Morris International InQ1 20081 of 16910.4%29.4%74Held at last filing, Q2 2026+258%
SNI Scripps Networks Interactive CQ3 20081 of 805.8%8.3%38Exited by Q1 2018+135%
MA Mastercard Inc Cl AQ3 200813 of 2630.3%16.2%57Held at last filing, Q2 2026+2796%
BRK/B Berkshire Hathaway Inc Cl BQ4 20091 of 1805.4%7.0%67Held at last filing, Q2 2026+661%
BRK/A Berkshire Hathaway Inc Cl AQ4 20093 of 6120.5%23.7%67Held at last filing, Q2 2026+655%
HAS Hasbro IncQ4 20093 of 1352.1%2.5%17Exited by Q1 2018+184%
BUD Anheuser-Busch InBev ADRQ2 20133 of 1294.8%7.2%24Exited by Q4 2021−38%
CABO Cable One IncQ4 20177 of 1140.0%1.5%17Exited by Q2 2024−40%

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