Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2014Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2014 Gardner Russo & Quinn (Tom Russo) disclosed 110 US equity positions worth $11.0bn in its Q4 2014 13F filing. Its largest position is BRK/A at 10.4% of the reported book, followed by Nestle SA-Spons ADR and MA. Versus Q3 2014 it opened 4 new positions, added to 22, reduced 39 and exited 5.
$11.0bn 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.
10.4% Largest position The largest single position as a share of the reported equity book.
72.0% 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 2014: 4 new , 22 added , 39 reduced , 5 exited
50 of 110 Show all 110
Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 10.4% $1.1bn 5,060 −0.4% held Nestle SA-Spons ADR no ticker – 10.3% $1.1bn 15.38m +2.7% added MA MASTERCARD INC Financial Services 7.8% $860m 9.98m +0.3% held PM PHILIP MORRIS INTL INC Consumer Defensive 7.3% $804m 9.87m −3.7% reduced WFC WELLS FARGO & CO Financial Services 7.3% $801m 14.61m −0.2% held Compagnie Financiere Richemont no ticker – 6.5% $711m 7.91m +9.3% added Heineken Holding NV no ticker – 6.1% $674m 10.73m +1.9% added SABMiller PLC no ticker – 5.6% $611m 11.67m +0.9% added Pernod Ricard no ticker – 5.4% $591m 5.30m +2.0% added BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 5.3% $578m 5.15m +1.0% added UNILEVER N V no ticker – 5.0% $547m 14.00m +5.3% added BRK/B BERKSHIRE HATHAWAY INC DEL – 3.3% $368m 2.45m −0.3% held MO ALTRIA GROUP INC Consumer Defensive 3.1% $342m 6.94m −2.3% reduced COMCAST CORP NEW no ticker – 2.4% $267m 4.65m −1.5% reduced British American Tobacco PLC no ticker – 2.4% $267m 4.89m +1.5% added Diageo PLC no ticker – 2.3% $249m 8.63m +0.2% held BF/A BROWN FORMAN CORP – 2.3% $247m 2.82m −0.6% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 2.1% $226m 2.05m +3.7% added SNI SCRIPPS NETWORKS INTERACT IN – 0.9% $94.5m 1.26m −1.9% reduced GHC GRAHAM HLDGS CO Industrials 0.5% $51.3m 59,404 −10% reduced JC Decaux SA ACT no ticker – 0.5% $50.9m 1.47m +0.1% held DEO DIAGEO PLC Consumer Defensive 0.5% $49.4m 433,253 +0.4% held BF/B BROWN FORMAN CORP – 0.3% $37.5m 426,850 −1.4% reduced The Swatch Group AG-BR no ticker – 0.3% $32.8m 72,971 +15% added V VISA INC Financial Services 0.3% $30.1m 114,624 +1.6% added EXMOC EXXON MOBIL CORP – 0.1% $15.0m 162,014 +1.0% added AXP AMERICAN EXPRESS CO Financial Services 0.1% $11.9m 127,999 −0.4% held MKL MARKEL GROUP INC Financial Services 0.1% $11.3m 16,521 −7.9% reduced Swedish Match AB no ticker – 0.09% $10.4m 328,024 −2.8% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.09% $10.2m 112,437 −6.7% reduced CR CRANE CO Industrials 0.09% $9.9m 168,152 −0.3% held MLKN MILLERKNOLL INC Consumer Cyclical 0.09% $9.8m 333,204 −3.5% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.09% $9.5m 107,740 −1.6% reduced KO COCA COLA CO Consumer Defensive 0.08% $8.6m 203,967 −0.6% reduced PRECISION CASTPARTS CORP no ticker – 0.05% $5.9m 24,690 0.0% held ABBV ABBVIE INC Healthcare 0.05% $5.7m 86,718 −0.1% held HRL HORMEL FOODS CORP Consumer Defensive 0.05% $5.6m 107,357 −3.3% reduced DOV DOVER CORP Industrials 0.05% $5.4m 75,756 −0.9% reduced CVX CHEVRON CORPORATION Energy 0.05% $5.0m 44,630 −5.9% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.04% $4.7m 70,045 −1.1% reduced PEP PEPSICO INC Consumer Defensive 0.04% $4.0m 42,264 −2.6% reduced ABT ABBOTT LABORATORIES Healthcare 0.04% $3.8m 85,400 −1.3% reduced Wells Fargo WTS Exp 10/28/18 no ticker – 0.03% $3.8m 177,750 0.0% held Nestle SA-REG no ticker – 0.03% $3.8m 51,310 +24% added JP Morgan Chase & Co WTS Exp 1 no ticker – 0.03% $3.8m 180,750 0.0% held Heineken NV no ticker – 0.03% $3.7m 51,991 0.0% held GS GOLDMAN SACHS GROUP INC Financial Services 0.03% $3.7m 18,868 −18% reduced M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.03% $3.2m 61,500 +18% added MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.2m 42,755 0.0% held MSFT MICROSOFT CORP Technology 0.03% $2.8m 59,550 −0.5% reduced
Exited since Q3 2014 5 rows
Stock Prior weight Prior value DE DEERE & CO 0.02% $2.3m LAMAR ADVERTISING CO no ticker 0.01% $756k PGR PROGRESSIVE CORP 0.0% $509k CBS Outdoor Americas Inc no ticker 0.0% $286k PSX PHILLIPS 66 0.0% $221k
Sector mix Unclassified 64.8% Consumer Defensive 16.6% Financial Services 15.7% Basic Materials 2.1% Industrials 0.6% Consumer Cyclical 0.09% Healthcare 0.09% Energy 0.06% Technology 0.04% Communication Services 0.02% Real Estate 0.01% 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