Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2014Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2014 Gardner Russo & Quinn (Tom Russo) disclosed 113 US equity positions worth $10.8bn in its Q2 2014 13F filing. Its largest position is Nestle SA-Spons ADR at 10.5% of the reported book, followed by BRK/A and PM. Versus Q1 2014 it opened 4 new positions, added to 27, reduced 34 and exited 3.
$10.8bn 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.
71.3% 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 2014: 4 new , 27 added , 34 reduced , 3 exited
50 of 113 Show all 113
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 10.5% $1.1bn 14.69m +0.8% added BRK/A BERKSHIRE HATHAWAY INC DEL – 8.9% $963m 5,072 −0.7% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 8.0% $862m 10.22m +0.3% held WFC WELLS FARGO & CO Financial Services 7.1% $770m 14.65m −0.3% held Compagnie Financiere Richemont no ticker – 6.8% $738m 7.03m +0.1% held MA MASTERCARD INC Financial Services 6.7% $727m 9.89m +0.6% added Heineken Holding NV no ticker – 6.3% $682m 10.37m −0.4% held SABMiller PLC no ticker – 6.1% $666m 11.49m −0.1% held Pernod Ricard no ticker – 5.5% $594m 4.95m +0.6% added BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 5.3% $579m 5.04m +0.4% held UNILEVER N V no ticker – 5.2% $565m 12.91m +2.0% added BRK/B BERKSHIRE HATHAWAY INC DEL – 2.8% $308m 2.43m +1.1% added MO ALTRIA GROUP INC Consumer Defensive 2.8% $299m 7.13m −0.2% held British American Tobacco PLC no ticker – 2.6% $283m 4.76m −1.4% reduced Diageo PLC no ticker – 2.5% $270m 8.47m +2.3% added BF/A BROWN FORMAN CORP – 2.4% $263m 2.85m −1.0% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 2.4% $260m 1.97m −1.0% reduced COMCAST CORP NEW no ticker – 2.3% $252m 4.73m −0.8% reduced SNI SCRIPPS NETWORKS INTERACT IN – 1.0% $104m 1.28m −7.4% reduced JC Decaux SA ACT no ticker – 0.5% $54.5m 1.46m −0.5% held DEO DIAGEO PLC Consumer Defensive 0.5% $54.0m 423,984 −0.3% held GHC GRAHAM HLDGS CO Industrials 0.5% $49.0m 68,283 −6.5% reduced BF/B BROWN FORMAN CORP – 0.4% $40.7m 432,258 −0.4% held The Swatch Group AG-BR no ticker – 0.3% $37.3m 61,816 +3.4% added V VISA INC Financial Services 0.2% $23.6m 112,151 +1.3% added EXMOC EXXON MOBIL CORP – 0.1% $15.5m 154,166 −14% reduced CR CRANE CO Industrials 0.1% $12.6m 169,852 −0.4% held AXP AMERICAN EXPRESS CO Financial Services 0.1% $12.3m 129,770 +0.3% held MKL MARKEL GROUP INC Financial Services 0.1% $12.1m 18,502 −2.2% reduced Swedish Match AB no ticker – 0.1% $11.8m 339,362 −0.6% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.10% $10.5m 346,886 −2.5% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.10% $10.4m 110,560 −0.2% held PG PROCTER & GAMBLE CO Consumer Defensive 0.09% $9.6m 121,787 −4.3% reduced KO COCA COLA CO Consumer Defensive 0.08% $8.8m 208,377 +0.3% held DOV DOVER CORP Industrials 0.07% $7.2m 78,630 0.0% held Berner Gruppen no ticker – 0.06% $6.6m 116,554 0.0% held RDS/A ROYAL DUTCH SHELL PLC – 0.06% $6.5m 78,605 −0.5% held GS GOLDMAN SACHS GROUP INC Financial Services 0.06% $6.4m 38,125 −32% reduced CVX CHEVRON CORPORATION Energy 0.06% $6.2m 47,777 −12% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.05% $5.5m 110,731 −3.5% reduced ABBV ABBVIE INC Healthcare 0.05% $4.9m 86,777 0.0% held PEP PEPSICO INC Consumer Defensive 0.04% $4.0m 44,239 −1.9% reduced Wells Fargo WTS Exp 10/28/18 no ticker – 0.04% $3.8m 177,750 0.0% held Heineken NV no ticker – 0.03% $3.7m 52,191 0.0% held ABT ABBOTT LABORATORIES Healthcare 0.03% $3.5m 86,503 0.0% held Nestle SA-REG no ticker – 0.03% $3.2m 41,310 +2.5% added MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.0m 42,580 −5.5% reduced BIC no ticker – 0.03% $2.9m 21,450 +3.5% added JP Morgan Chase & Co WTS Exp 1 no ticker – 0.03% $2.9m 150,750 0.0% held Danone ADR no ticker – 0.03% $2.8m 190,810 −2.3% reduced
Exited since Q1 2014 3 rows
Stock Prior weight Prior value KN KNOWLES CORP 0.01% $1.2m CL COLGATE PALMOLIVE CO 0.01% $577k Berner Gruppen PFD no ticker 0.0% $205k
Sector mix Unclassified 65.2% Consumer Defensive 17.0% Financial Services 14.4% Basic Materials 2.4% Industrials 0.7% Consumer Cyclical 0.1% Healthcare 0.08% Energy 0.07% Technology 0.05% 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