Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2013Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2013 Gardner Russo & Quinn (Tom Russo) disclosed 113 US equity positions worth $9.4bn in its Q3 2013 13F filing. Its largest position is Nestle SA-Spons ADR at 10.5% of the reported book, followed by BRK/A and PM. Versus Q2 2013 it opened 5 new positions, added to 31, reduced 40 and exited 7.
$9.4bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
113 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.5% Largest position The largest single position as a share of the reported equity book.
72.1% 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 Q2 2013: 5 new , 31 added , 40 reduced , 7 exited
50 of 113 Show all 113
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 10.5% $985m 14.08m +6.7% added BRK/A BERKSHIRE HATHAWAY INC DEL – 9.0% $844m 4,953 +1.3% added PM PHILIP MORRIS INTL INC Consumer Defensive 8.8% $833m 9.62m +4.6% added Compagnie Financiere Richemont no ticker – 7.2% $681m 6.80m – new MA MASTERCARD INC Financial Services 7.2% $674m 1.00m +2.2% added Heineken Holding NV no ticker – 6.7% $631m 9.97m +2.6% added WFC WELLS FARGO & CO Financial Services 6.1% $575m 13.91m +2.8% added Pernod Ricard no ticker – 5.8% $550m 4.43m +6.8% added SABMiller PLC no ticker – 5.8% $542m 10.65m +5.6% added BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 5.1% $480m 4.83m +5.7% added UNILEVER N V no ticker – 4.3% $402m 10.66m +5.9% added MO ALTRIA GROUP INC Consumer Defensive 2.8% $265m 7.71m +2.0% added British American Tobacco PLC no ticker – 2.8% $263m 4.96m +5.1% added BRK/B BERKSHIRE HATHAWAY INC DEL – 2.7% $257m 2.26m +1.3% added Diageo PLC no ticker – 2.7% $252m 7.91m +5.6% added COMCAST CORP NEW no ticker – 2.2% $206m 4.75m +1.1% added BF/A BROWN FORMAN CORP – 2.0% $186m 2.82m −0.3% held MLM MARTIN MARIETTA MATLS INC Basic Materials 1.9% $175m 1.79m +2.8% added SNI SCRIPPS NETWORKS INTERACT IN – 1.2% $109m 1.39m −0.6% reduced JC Decaux SA ACT no ticker – 0.6% $54.7m 1.48m +2.7% added DEO DIAGEO PLC Consumer Defensive 0.6% $52.4m 412,072 +0.1% held Washington Post Cl B no ticker – 0.5% $49.4m 80,868 −6.6% reduced The Swatch Group AG-BR no ticker – 0.4% $38.0m 59,024 +3.5% added HAS HASBRO INC Consumer Cyclical 0.3% $29.5m 626,021 −4.8% reduced BF/B BROWN FORMAN CORP – 0.3% $29.1m 427,628 +22% added V VISA INC Financial Services 0.2% $20.3m 106,458 −2.3% reduced EXMOC EXXON MOBIL CORP – 0.2% $18.3m 212,224 −6.5% reduced Swedish Match AB no ticker – 0.1% $12.9m 364,712 −3.2% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.1% $11.5m 118,220 +6.9% added MLKN MILLERKNOLL INC Consumer Cyclical 0.1% $11.1m 379,470 −0.1% held CR CRANE CO Industrials 0.1% $11.1m 179,202 −0.8% reduced MKL MARKEL GROUP INC Financial Services 0.1% $10.2m 19,777 −0.9% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.1% $9.6m 126,912 −11% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $9.6m 126,965 +9.3% added GS GOLDMAN SACHS GROUP INC Financial Services 0.10% $9.1m 57,575 +0.6% added CVX CHEVRON CORPORATION Energy 0.08% $8.0m 65,471 0.0% held KO COCA COLA CO Consumer Defensive 0.08% $7.8m 206,778 +14% added Berner Gruppen no ticker – 0.08% $7.8m 116,554 0.0% held DOV DOVER CORP Industrials 0.08% $7.5m 83,520 −1.8% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.06% $5.3m 80,960 +8.2% added HRL HORMEL FOODS CORP Consumer Defensive 0.06% $5.2m 123,050 −2.2% reduced PEP PEPSICO INC Consumer Defensive 0.05% $4.7m 59,228 −2.7% reduced ABBV ABBVIE INC Healthcare 0.04% $3.9m 86,777 −0.4% held Heineken NV no ticker – 0.04% $3.9m 54,488 −0.2% held PXGBX PRAXAIR INC – 0.04% $3.6m 29,575 −0.3% held MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.1m 47,780 −1.3% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.03% $3.1m 16,668 +2.7% added Danone ADR no ticker – 0.03% $3.1m 203,050 −2.4% reduced ABT ABBOTT LABORATORIES Healthcare 0.03% $2.9m 86,503 +0.2% held Nestle SA-REG no ticker – 0.03% $2.8m 40,000 0.0% held
Exited since Q2 2013 7 rows
Stock Prior weight Prior value Compagnie Financiere Richemont no ticker 7.0% $600m Roche Holding AG no ticker 0.0% $329k SPY SPDR S&P 500 ETF Trust 0.0% $273k Imperial Tobacco Group PLC no ticker 0.0% $233k D DOMINION ENERGY INC 0.0% $206k Pimco Total Return Fund-Inst no ticker 0.0% $112k Lonrho PLC no ticker 0.0% $75.0k
Sector mix Unclassified 65.6% Consumer Defensive 17.8% Financial Services 13.8% Basic Materials 1.9% Consumer Cyclical 0.4% Industrials 0.2% Energy 0.1% Healthcare 0.08% Technology 0.06% Communication Services 0.03% 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