Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2013Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2013 Gardner Russo & Quinn (Tom Russo) disclosed 110 US equity positions worth $10.1bn in its Q4 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 Q3 2013 it opened 2 new positions, added to 26, reduced 38 and exited 5.
$10.1bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
110 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.
72.2% 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 Q3 2013: 2 new , 26 added , 38 reduced , 5 exited
50 of 110 Show all 110
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 10.5% $1.1bn 14.52m +3.1% added BRK/A BERKSHIRE HATHAWAY INC DEL – 8.9% $903m 5,078 +2.5% added PM PHILIP MORRIS INTL INC Consumer Defensive 8.6% $869m 9.97m +3.7% added MA MASTERCARD INC Financial Services 8.2% $828m 990,747 −1.1% reduced Compagnie Financiere Richemont no ticker – 6.8% $693m 6.91m +1.7% added WFC WELLS FARGO & CO Financial Services 6.5% $660m 14.53m +4.5% added Heineken Holding NV no ticker – 6.4% $645m 10.18m +2.1% added SABMiller PLC no ticker – 5.6% $567m 11.04m +3.6% added Pernod Ricard no ticker – 5.3% $540m 4.73m +6.9% added BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 5.2% $526m 4.94m +2.3% added UNILEVER N V no ticker – 4.7% $475m 11.81m +11% added BRK/B BERKSHIRE HATHAWAY INC DEL – 2.7% $275m 2.32m +2.5% added MO ALTRIA GROUP INC Consumer Defensive 2.7% $272m 7.08m −8.2% reduced Diageo PLC no ticker – 2.7% $268m 8.09m +2.4% added British American Tobacco PLC no ticker – 2.5% $255m 4.75m −4.4% reduced COMCAST CORP NEW no ticker – 2.3% $237m 4.75m +0.1% held BF/A BROWN FORMAN CORP – 2.1% $212m 2.87m +1.8% added MLM MARTIN MARIETTA MATLS INC Basic Materials 1.9% $193m 1.93m +8.1% added SNI SCRIPPS NETWORKS INTERACT IN – 1.2% $121m 1.40m +0.5% added JC Decaux SA ACT no ticker – 0.6% $60.4m 1.46m −1.5% reduced DEO DIAGEO PLC Consumer Defensive 0.5% $54.8m 413,704 +0.4% held GHC GRAHAM HLDGS CO Industrials 0.5% $50.3m 75,845 – new The Swatch Group AG-BR no ticker – 0.4% $39.2m 58,870 −0.3% held BF/B BROWN FORMAN CORP – 0.3% $32.1m 424,931 −0.6% reduced V VISA INC Financial Services 0.2% $24.2m 108,477 +1.9% added EXMOC EXXON MOBIL CORP – 0.2% $21.3m 210,918 −0.6% reduced CR CRANE CO Industrials 0.1% $11.6m 172,552 −3.7% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $11.5m 126,595 −0.3% held Swedish Match AB no ticker – 0.1% $11.1m 346,062 −5.1% reduced MKL MARKEL GROUP INC Financial Services 0.1% $11.1m 19,127 −3.3% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.1% $10.7m 109,655 −7.2% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.1% $10.6m 359,370 −5.3% reduced GS GOLDMAN SACHS GROUP INC Financial Services 0.10% $10.1m 56,975 −1.0% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.10% $10.1m 123,962 −2.3% reduced KO COCA COLA CO Consumer Defensive 0.08% $8.4m 203,323 −1.7% reduced CVX CHEVRON CORPORATION Energy 0.08% $8.1m 64,761 −1.1% reduced DOV DOVER CORP Industrials 0.08% $7.8m 81,075 −2.9% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.05% $5.3m 74,915 −7.5% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.05% $5.3m 116,900 −5.0% reduced PEP PEPSICO INC Consumer Defensive 0.05% $4.8m 58,221 −1.7% reduced Berner Gruppen no ticker – 0.05% $4.8m 116,554 0.0% held ABBV ABBVIE INC Healthcare 0.05% $4.6m 86,777 0.0% held PXGBX PRAXAIR INC – 0.04% $3.8m 29,525 −0.2% held Heineken NV no ticker – 0.03% $3.5m 52,191 −4.2% reduced ABT ABBOTT LABORATORIES Healthcare 0.03% $3.3m 86,503 0.0% held MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.2m 45,900 −3.9% reduced IBM INTERNATIONAL BUSINESS MACHS Technology 0.03% $3.1m 16,668 0.0% held PRECISION CASTPARTS CORP no ticker – 0.03% $3.0m 11,325 0.0% held Nestle SA-REG no ticker – 0.03% $3.0m 40,310 +0.8% added JP Morgan Chase & Co WTS Exp 1 no ticker – 0.03% $2.9m 150,750 0.0% held
Exited since Q3 2013 5 rows
Stock Prior weight Prior value Washington Post Cl B no ticker 0.5% $49.4m HAS HASBRO INC 0.3% $29.5m LEUCADIA NATL CORP no ticker 0.01% $493k Berner Gruppen PFD no ticker 0.0% $239k Wal-Mart De Mexico S A no ticker 0.0% $26.0k
Sector mix Unclassified 64.2% Consumer Defensive 17.5% Financial Services 15.3% Basic Materials 1.9% Industrials 0.7% Consumer Cyclical 0.1% 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