Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2014Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2014 Gardner Russo & Quinn (Tom Russo) disclosed 111 US equity positions worth $10.6bn in its Q3 2014 13F filing. Its largest position is Nestle SA-Spons ADR at 10.4% of the reported book, followed by BRK/A and PM. Versus Q2 2014 it opened 1 new position, added to 35, reduced 30 and exited 3.
$10.6bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
111 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.4% Largest position The largest single position as a share of the reported equity book.
71.4% 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 2014: 1 new , 35 added , 30 reduced , 3 exited
50 of 111 Show all 111
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 10.4% $1.1bn 14.98m +2.0% added BRK/A BERKSHIRE HATHAWAY INC DEL – 9.9% $1.1bn 5,082 +0.2% held PM PHILIP MORRIS INTL INC Consumer Defensive 8.0% $855m 10.25m +0.3% held WFC WELLS FARGO & CO Financial Services 7.1% $759m 14.64m −0.1% held MA MASTERCARD INC Financial Services 6.9% $736m 9.96m +0.7% added Heineken Holding NV no ticker – 6.6% $696m 10.53m +1.5% added SABMiller PLC no ticker – 6.0% $643m 11.56m +0.6% added Compagnie Financiere Richemont no ticker – 5.6% $594m 7.24m +3.0% added Pernod Ricard no ticker – 5.5% $588m 5.19m +4.9% added BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 5.3% $565m 5.10m +1.2% added UNILEVER N V no ticker – 5.0% $528m 13.30m +3.0% added BRK/B BERKSHIRE HATHAWAY INC DEL – 3.2% $339m 2.46m +1.0% added MO ALTRIA GROUP INC Consumer Defensive 3.1% $327m 7.11m −0.3% held British American Tobacco PLC no ticker – 2.6% $272m 4.82m +1.1% added MLM MARTIN MARIETTA MATLS INC Basic Materials 2.4% $255m 1.98m +0.2% held BF/A BROWN FORMAN CORP – 2.4% $253m 2.83m −0.5% reduced COMCAST CORP NEW no ticker – 2.4% $252m 4.72m −0.3% held Diageo PLC no ticker – 2.3% $249m 8.62m +1.7% added SNI SCRIPPS NETWORKS INTERACT IN – 0.9% $99.9m 1.28m 0.0% held DEO DIAGEO PLC Consumer Defensive 0.5% $49.8m 431,493 +1.8% added JC Decaux SA ACT no ticker – 0.4% $46.5m 1.47m +0.7% added GHC GRAHAM HLDGS CO Industrials 0.4% $46.3m 66,159 −3.1% reduced BF/B BROWN FORMAN CORP – 0.4% $39.1m 432,976 +0.2% held The Swatch Group AG-BR no ticker – 0.3% $30.2m 63,563 +2.8% added V VISA INC Financial Services 0.2% $24.1m 112,816 +0.6% added EXMOC EXXON MOBIL CORP – 0.1% $15.1m 160,426 +4.1% added MKL MARKEL GROUP INC Financial Services 0.1% $11.4m 17,946 −3.0% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $11.3m 128,535 −1.0% reduced Swedish Match AB no ticker – 0.1% $11.0m 337,412 −0.6% reduced CR CRANE CO Industrials 0.1% $10.7m 168,652 −0.7% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.10% $10.3m 345,454 −0.4% held PG PROCTER & GAMBLE CO Consumer Defensive 0.09% $10.1m 120,502 −1.1% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.09% $10.1m 109,445 −1.0% reduced KO COCA COLA CO Consumer Defensive 0.08% $8.8m 205,187 −1.5% reduced DOV DOVER CORP Industrials 0.06% $6.1m 76,406 −2.8% reduced PRECISION CASTPARTS CORP no ticker – 0.06% $5.8m 24,680 +121% added HRL HORMEL FOODS CORP Consumer Defensive 0.05% $5.7m 111,053 +0.3% held CVX CHEVRON CORPORATION Energy 0.05% $5.7m 47,427 −0.7% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.05% $5.4m 70,835 −9.9% reduced ABBV ABBVIE INC Healthcare 0.05% $5.0m 86,777 0.0% held GS GOLDMAN SACHS GROUP INC Financial Services 0.04% $4.2m 22,893 −40% reduced PEP PEPSICO INC Consumer Defensive 0.04% $4.0m 43,389 −1.9% reduced Heineken NV no ticker – 0.04% $3.9m 51,991 −0.4% held JP Morgan Chase & Co WTS Exp 1 no ticker – 0.03% $3.6m 180,750 +20% added ABT ABBOTT LABORATORIES Healthcare 0.03% $3.6m 86,503 0.0% held Wells Fargo WTS Exp 10/28/18 no ticker – 0.03% $3.6m 177,750 0.0% held Nestle SA-REG no ticker – 0.03% $3.0m 41,310 0.0% held MKC MCCORMICK & CO INC Consumer Defensive 0.03% $2.9m 42,755 +0.4% held MSFT MICROSOFT CORP Technology 0.03% $2.8m 59,850 −2.3% reduced Danone ADR no ticker – 0.03% $2.7m 202,710 +6.2% added
Exited since Q2 2014 3 rows
Stock Prior weight Prior value Berner Gruppen no ticker 0.06% $6.6m NHST Media Group no ticker 0.01% $1.1m MONSANTO CO NEW no ticker 0.0% $212k
Sector mix Unclassified 64.7% Consumer Defensive 17.3% Financial Services 14.6% Basic Materials 2.4% Industrials 0.6% 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