Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2015Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2015 Gardner Russo & Quinn (Tom Russo) disclosed 105 US equity positions worth $11.7bn in its Q4 2015 13F filing. Its largest position is Nestle SA-Spons ADR at 10.1% of the reported book, followed by BRK/A and MA. Versus Q3 2015 it opened 5 new positions, added to 24, reduced 32 and exited 4.
$11.7bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
105 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.1% Largest position The largest single position as a share of the reported equity book.
72.8% 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 2015: 5 new , 24 added , 32 reduced , 4 exited
50 of 105 Show all 105
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 10.1% $1.2bn 15.88m +0.6% added BRK/A BERKSHIRE HATHAWAY INC DEL – 8.5% $1000m 5,055 +0.4% held MA MASTERCARD INC Financial Services 8.1% $945m 9.70m −2.3% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 7.9% $929m 10.57m +0.8% added Heineken Holding NV no ticker – 7.2% $838m 10.87m +0.1% held BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 6.9% $807m 6.46m +25% added WFC WELLS FARGO & CO Financial Services 6.8% $800m 14.72m +1.0% added Compagnie Financiere Richemont no ticker – 6.3% $739m 10.15m +15% added Pernod Ricard no ticker – 5.6% $658m 5.76m +2.0% added UNILEVER N V no ticker – 5.3% $621m 14.34m +1.4% added MO ALTRIA GROUP INC Consumer Defensive 3.0% $352m 6.05m −5.9% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 2.9% $341m 2.58m +2.7% added SABMiller PLC no ticker – 2.5% $292m 4.86m −60% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 2.5% $287m 2.10m +1.5% added British American Tobacco PLC no ticker – 2.4% $282m 5.08m +2.1% added BF/A BROWN FORMAN CORP – 2.3% $274m 2.49m −4.0% reduced The Swatch Group AG-BR no ticker – 2.2% $260m 733,803 +582% added Diageo PLC no ticker – 2.2% $255m 9.32m +0.4% held CMCSA COMCAST CORP NEW Communication Services 1.9% $221m 3.91m +11976% added JC Decaux SA ACT no ticker – 1.6% $191m 4.97m +28% added SNI SCRIPPS NETWORKS INTERACT IN – 0.6% $68.6m 1.24m −0.2% held BF/B BROWN FORMAN CORP – 0.5% $55.1m 554,765 +4.5% added DEO DIAGEO PLC Consumer Defensive 0.4% $51.4m 470,910 +0.4% held V VISA INC Financial Services 0.4% $42.0m 541,958 +3.4% added EXMOC EXXON MOBIL CORP – 0.1% $12.9m 165,680 −0.4% held MKL MARKEL GROUP INC Financial Services 0.1% $12.9m 14,557 −6.8% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.10% $11.2m 121,020 +2.0% added Swedish Match AB no ticker – 0.09% $10.9m 305,699 −2.2% reduced AXP AMERICAN EXPRESS CO Financial Services 0.09% $10.4m 150,018 +3.3% added KO COCA COLA CO Consumer Defensive 0.08% $8.9m 206,327 −6.3% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.07% $8.6m 298,077 −3.9% reduced Danone ADR no ticker – 0.07% $8.0m 594,005 +15% added HRL HORMEL FOODS CORP Consumer Defensive 0.07% $7.8m 99,089 −4.8% reduced CR CRANE CO Industrials 0.07% $7.7m 160,741 −2.3% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.06% $6.9m 86,347 −11% reduced ABBV ABBVIE INC Healthcare 0.04% $5.1m 86,718 0.0% held JP Morgan Chase & Co WTS Exp 1 no ticker – 0.04% $4.7m 200,350 −0.2% held Heineken NV no ticker – 0.04% $4.3m 49,788 0.0% held Wells Fargo WTS Exp 10/28/18 no ticker – 0.04% $4.1m 201,500 −0.6% reduced DOV DOVER CORP Industrials 0.03% $4.0m 65,126 −7.8% reduced PEP PEPSICO INC Consumer Defensive 0.03% $3.9m 39,111 −1.7% reduced ABT ABBOTT LABORATORIES Healthcare 0.03% $3.8m 85,400 0.0% held CVX CHEVRON CORPORATION Energy 0.03% $3.7m 41,460 −0.1% held BIC no ticker – 0.03% $3.6m 21,625 +12% added MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.5m 41,155 −1.7% reduced OUT OUTFRONT MEDIA INC Real Estate 0.03% $3.5m 160,857 +55% added M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.03% $3.4m 70,000 0.0% held Nestle SA-REG no ticker – 0.03% $3.1m 41,310 0.0% held Reckitt Benckiser Group PLC no ticker – 0.02% $2.8m 30,512 −0.2% held RDS/A ROYAL DUTCH SHELL PLC – 0.02% $2.8m 61,065 −4.2% reduced
Exited since Q3 2015 4 rows
Stock Prior weight Prior value COMCAST CORP NEW no ticker 2.1% $232m UNP UNION PACIFIC CORP 0.0% $222k BP BP PLC 0.0% $217k Pimco High Yield Fun-Instl no ticker 0.0% $96.0k
Sector mix Unclassified 61.1% Consumer Defensive 18.7% Financial Services 15.5% Basic Materials 2.5% Communication Services 1.9% Industrials 0.1% Healthcare 0.08% Consumer Cyclical 0.08% Real Estate 0.04% Energy 0.03% Technology 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