Funds › Gardner Russo & Quinn (Tom Russo) › Q1 2015Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2015 Gardner Russo & Quinn (Tom Russo) disclosed 110 US equity positions worth $11.1bn in its Q1 2015 13F filing. Its largest position is Nestle SA-Spons ADR at 10.6% of the reported book, followed by BRK/A and MA. Versus Q4 2014 it opened 3 new positions, added to 36, reduced 33 and exited 3.
$11.1bn 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.
10.6% 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 Q4 2014: 3 new , 36 added , 33 reduced , 3 exited
50 of 110 Show all 110
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 10.6% $1.2bn 15.62m +1.6% added BRK/A BERKSHIRE HATHAWAY INC DEL – 9.9% $1.1bn 5,064 +0.1% held MA MASTERCARD INC Financial Services 7.8% $866m 10.02m +0.4% held WFC WELLS FARGO & CO Financial Services 7.2% $799m 14.68m +0.5% added PM PHILIP MORRIS INTL INC Consumer Defensive 6.8% $760m 10.09m +2.2% added Heineken Holding NV no ticker – 6.7% $747m 10.84m +1.1% added Compagnie Financiere Richemont no ticker – 5.9% $656m 8.14m +2.8% added Pernod Ricard no ticker – 5.8% $647m 5.47m +3.2% added BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 5.7% $632m 5.19m +0.8% added SABMiller PLC no ticker – 5.6% $623m 11.85m +1.6% added UNILEVER N V no ticker – 5.3% $592m 14.18m +1.3% added BRK/B BERKSHIRE HATHAWAY INC DEL – 3.2% $356m 2.47m +0.8% added MO ALTRIA GROUP INC Consumer Defensive 2.9% $328m 6.55m −5.6% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 2.6% $291m 2.08m +1.5% added British American Tobacco PLC no ticker – 2.3% $258m 4.99m +2.0% added BF/A BROWN FORMAN CORP – 2.3% $255m 2.81m −0.3% held Diageo PLC no ticker – 2.3% $251m 9.08m +5.3% added COMCAST CORP NEW no ticker – 2.3% $251m 4.47m −3.8% reduced SNI SCRIPPS NETWORKS INTERACT IN – 0.8% $87.5m 1.28m +1.7% added JC Decaux SA ACT no ticker – 0.7% $78.4m 2.33m +58% added DEO DIAGEO PLC Consumer Defensive 0.5% $51.0m 461,545 +6.5% added BF/B BROWN FORMAN CORP – 0.4% $42.2m 466,975 +9.4% added The Swatch Group AG-BR no ticker – 0.3% $32.3m 76,075 +4.3% added V VISA INC Financial Services 0.3% $30.0m 458,760 +300% added EXMOC EXXON MOBIL CORP – 0.1% $14.0m 164,305 +1.4% added MKL MARKEL GROUP INC Financial Services 0.1% $12.5m 16,247 −1.7% reduced CR CRANE CO Industrials 0.09% $10.5m 167,952 −0.1% held FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.09% $10.1m 107,745 0.0% held AXP AMERICAN EXPRESS CO Financial Services 0.09% $10.0m 127,994 0.0% held Swedish Match AB no ticker – 0.08% $9.3m 317,774 −3.1% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.08% $9.0m 323,604 −2.9% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.08% $8.9m 109,187 −2.9% reduced KO COCA COLA CO Consumer Defensive 0.07% $8.1m 199,492 −2.2% reduced PRECISION CASTPARTS CORP no ticker – 0.06% $6.6m 31,375 +27% added HRL HORMEL FOODS CORP Consumer Defensive 0.05% $6.1m 106,451 −0.8% reduced ABBV ABBVIE INC Healthcare 0.05% $5.1m 86,718 0.0% held DOV DOVER CORP Industrials 0.05% $5.1m 73,106 −3.5% reduced CVX CHEVRON CORPORATION Energy 0.04% $4.4m 42,293 −5.2% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.04% $4.2m 70,815 +1.1% added JP Morgan Chase & Co WTS Exp 1 no ticker – 0.04% $4.0m 180,750 0.0% held Heineken NV no ticker – 0.04% $4.0m 51,991 0.0% held ABT ABBOTT LABORATORIES Healthcare 0.04% $4.0m 85,400 0.0% held PEP PEPSICO INC Consumer Defensive 0.04% $3.9m 40,941 −3.1% reduced Wells Fargo WTS Exp 10/28/18 no ticker – 0.03% $3.6m 177,750 0.0% held M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.03% $3.5m 67,500 +9.8% added MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.3m 42,755 0.0% held Nestle SA-REG no ticker – 0.03% $3.1m 41,310 −19% reduced BIC no ticker – 0.03% $2.9m 20,125 0.0% held GHC GRAHAM HLDGS CO Industrials 0.03% $2.8m 2,660 −96% reduced Danone ADR no ticker – 0.02% $2.8m 205,580 +1.6% added
Exited since Q4 2014 3 rows
Stock Prior weight Prior value Swiss Helvetia FD Inc no ticker 0.01% $792k NTRS NORTHERN TR CORP 0.0% $231k MAT MATTEL INC 0.0% $205k
Sector mix Unclassified 65.1% Consumer Defensive 16.3% Financial Services 15.5% Basic Materials 2.6% Industrials 0.2% Consumer Cyclical 0.08% Healthcare 0.08% Energy 0.05% 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