Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2015Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2015 Gardner Russo & Quinn (Tom Russo) disclosed 104 US equity positions worth $11.1bn in its Q3 2015 13F filing. Its largest position is Nestle SA-Spons ADR at 10.7% of the reported book, followed by BRK/A and MA. Versus Q2 2015 it opened 6 new positions, added to 17, reduced 41 and exited 11.
$11.1bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
104 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.7% Largest position The largest single position as a share of the reported equity book.
71.5% 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 2015: 6 new , 17 added , 41 reduced , 11 exited
50 of 104 Show all 104
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 10.7% $1.2bn 15.78m −0.4% held BRK/A BERKSHIRE HATHAWAY INC DEL – 8.9% $983m 5,035 −1.3% reduced MA MASTERCARD INC Financial Services 8.1% $895m 9.93m −1.0% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 7.5% $831m 10.48m +0.5% held Heineken Holding NV no ticker – 7.0% $771m 10.85m −0.5% held WFC WELLS FARGO & CO Financial Services 6.8% $748m 14.58m −0.7% reduced Compagnie Financiere Richemont no ticker – 6.2% $686m 8.86m +5.7% added SABMiller PLC no ticker – 6.2% $681m 12.04m −0.6% reduced UNILEVER N V no ticker – 5.1% $569m 14.15m −1.3% reduced Pernod Ricard no ticker – 5.1% $569m 5.65m +1.3% added BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 5.0% $550m 5.17m −0.6% reduced MO ALTRIA GROUP INC Consumer Defensive 3.2% $349m 6.42m −1.2% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 3.0% $328m 2.51m +1.6% added MLM MARTIN MARIETTA MATLS INC Basic Materials 2.8% $315m 2.07m −1.2% reduced BF/A BROWN FORMAN CORP – 2.5% $278m 2.60m −4.5% reduced British American Tobacco PLC no ticker – 2.5% $274m 4.97m −0.2% held Diageo PLC no ticker – 2.2% $249m 9.28m +0.1% held COMCAST CORP NEW no ticker – 2.1% $232m 4.05m −2.6% reduced JC Decaux SA ACT no ticker – 1.3% $140m 3.87m +35% added SNI SCRIPPS NETWORKS INTERACT IN – 0.6% $61.3m 1.25m −1.6% reduced BF/B BROWN FORMAN CORP – 0.5% $51.4m 530,935 +2.6% added DEO DIAGEO PLC Consumer Defensive 0.5% $50.5m 468,851 +0.9% added The Swatch Group AG-BR no ticker – 0.4% $39.7m 107,524 +2.4% added V VISA INC Financial Services 0.3% $36.5m 523,941 −3.5% reduced MKL MARKEL GROUP INC Financial Services 0.1% $12.5m 15,621 −3.1% reduced EXMOC EXXON MOBIL CORP – 0.1% $12.4m 166,346 +1.8% added AXP AMERICAN EXPRESS CO Financial Services 0.10% $10.8m 145,228 −5.1% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.10% $10.6m 118,615 −6.6% reduced Swedish Match AB no ticker – 0.09% $9.4m 312,549 −0.7% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.08% $8.9m 310,227 −2.9% reduced KO COCA COLA CO Consumer Defensive 0.08% $8.8m 220,237 −3.2% reduced CR CRANE CO Industrials 0.07% $7.7m 164,591 −0.7% reduced PRECISION CASTPARTS CORP no ticker – 0.06% $7.1m 30,820 −2.0% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.06% $7.0m 97,027 −6.0% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.06% $6.6m 104,069 −1.6% reduced Danone ADR no ticker – 0.06% $6.5m 517,905 +9.9% added ABBV ABBVIE INC Healthcare 0.04% $4.7m 86,718 0.0% held DOV DOVER CORP Industrials 0.04% $4.0m 70,606 −2.2% reduced Heineken NV no ticker – 0.04% $4.0m 49,788 −0.4% held JP Morgan Chase & Co WTS Exp 1 no ticker – 0.04% $4.0m 200,750 0.0% held PEP PEPSICO INC Consumer Defensive 0.03% $3.8m 39,793 −0.2% held Wells Fargo WTS Exp 10/28/18 no ticker – 0.03% $3.7m 202,750 0.0% held M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.03% $3.4m 70,000 +3.6% added MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.4m 41,855 −1.5% reduced ABT ABBOTT LABORATORIES Healthcare 0.03% $3.4m 85,400 0.0% held CVX CHEVRON CORPORATION Energy 0.03% $3.3m 41,510 −1.1% reduced Nestle SA-REG no ticker – 0.03% $3.1m 41,310 0.0% held RDS/A ROYAL DUTCH SHELL PLC – 0.03% $3.0m 63,745 −11% reduced BIC no ticker – 0.03% $3.0m 19,390 −3.0% reduced Reckitt Benckiser Group PLC no ticker – 0.03% $2.8m 30,567 −1.1% reduced
Exited since Q2 2015 Sector mix Unclassified 64.8% Consumer Defensive 16.5% Financial Services 15.4% Basic Materials 2.8% Industrials 0.1% Consumer Cyclical 0.08% Healthcare 0.07% Energy 0.03% Communication Services 0.03% Technology 0.03% Real Estate 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