Funds › Gardner Russo & Quinn (Tom Russo) › Q1 2016Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2016 Gardner Russo & Quinn (Tom Russo) disclosed 107 US equity positions worth $11.8bn in its Q1 2016 13F filing. Its largest position is Nestle SA-Spons ADR at 10.0% of the reported book, followed by BRK/A and PM. Versus Q4 2015 it opened 5 new positions, added to 25, reduced 30 and exited 3.
$11.8bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
107 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.0% Largest position The largest single position as a share of the reported equity book.
72.9% 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 2015: 5 new , 25 added , 30 reduced , 3 exited
50 of 107 Show all 107
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 10.0% $1.2bn 15.82m −0.3% held BRK/A BERKSHIRE HATHAWAY INC DEL – 9.0% $1.1bn 5,013 −0.8% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 8.7% $1.0bn 10.51m −0.5% reduced MA MASTERCARD INC Financial Services 7.8% $919m 9.73m +0.2% held Heineken Holding NV no ticker – 7.2% $846m 10.83m −0.4% held BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 6.8% $811m 6.50m +0.7% added Compagnie Financiere Richemont no ticker – 6.4% $755m 11.38m +12% added WFC WELLS FARGO & CO Financial Services 6.0% $711m 14.69m −0.2% held Pernod Ricard no ticker – 5.6% $661m 5.92m +2.7% added UNILEVER N V no ticker – 5.4% $639m 14.31m −0.2% held MO ALTRIA GROUP INC Consumer Defensive 3.1% $373m 5.95m −1.7% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 3.1% $368m 2.59m +0.4% held MLM MARTIN MARIETTA MATLS INC Basic Materials 2.8% $336m 2.10m +0.1% held The Swatch Group AG-BR no ticker – 2.5% $300m 861,996 +17% added British American Tobacco PLC no ticker – 2.5% $299m 5.09m +0.3% held BF/A BROWN FORMAN CORP – 2.2% $260m 2.44m −2.1% reduced Diageo PLC no ticker – 2.1% $252m 9.31m 0.0% held JC Decaux SA ACT no ticker – 2.1% $244m 5.57m +12% added CMCSA COMCAST CORP NEW Communication Services 2.0% $234m 3.84m −1.9% reduced SABMiller PLC no ticker – 0.9% $111m 1.82m −63% reduced SNI SCRIPPS NETWORKS INTERACT IN – 0.7% $78.0m 1.19m −4.3% reduced BF/B BROWN FORMAN CORP – 0.5% $56.6m 574,634 +3.6% added DEO DIAGEO PLC Consumer Defensive 0.4% $51.0m 473,132 +0.5% held V VISA INC Financial Services 0.3% $41.4m 540,796 −0.2% held EXMOC EXXON MOBIL CORP – 0.1% $13.9m 166,128 +0.3% held MKL MARKEL GROUP INC Financial Services 0.10% $11.7m 13,137 −9.8% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.10% $11.7m 121,470 +0.4% held Swedish Match AB no ticker – 0.09% $10.3m 304,213 −0.5% held KO COCA COLA CO Consumer Defensive 0.08% $9.5m 205,182 −0.6% reduced AXP AMERICAN EXPRESS CO Financial Services 0.08% $9.3m 151,773 +1.2% added Danone ADR no ticker – 0.08% $9.1m 638,500 +7.5% added CR CRANE CO Industrials 0.07% $8.6m 159,341 −0.9% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.06% $7.4m 238,277 −20% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.06% $7.4m 170,069 +72% added PG PROCTER & GAMBLE CO Consumer Defensive 0.06% $7.1m 85,987 −0.4% held OUT OUTFRONT MEDIA INC Real Estate 0.04% $5.0m 234,705 +46% added Heineken NV no ticker – 0.04% $4.5m 49,788 0.0% held DOV DOVER CORP Industrials 0.04% $4.2m 64,926 −0.3% held Wells Fargo WTS Exp 10/28/18 no ticker – 0.03% $4.0m 253,000 +26% added MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.9m 39,480 −4.1% reduced CVX CHEVRON CORPORATION Energy 0.03% $3.9m 40,883 −1.4% reduced PEP PEPSICO INC Consumer Defensive 0.03% $3.8m 36,647 −6.3% reduced JP Morgan Chase & Co WTS Exp 1 no ticker – 0.03% $3.6m 200,750 +0.2% held BIC no ticker – 0.03% $3.3m 21,625 0.0% held M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.03% $3.1m 82,139 +17% added Nestle SA-REG no ticker – 0.03% $3.1m 41,310 0.0% held RDS/A ROYAL DUTCH SHELL PLC – 0.02% $3.0m 60,970 −0.2% held Reckitt Benckiser Group PLC no ticker – 0.02% $2.9m 30,187 −1.1% reduced MSFT MICROSOFT CORP Technology 0.02% $2.7m 49,450 0.0% held Lindt & Spruengli AG - Reg no ticker – 0.02% $2.5m 33 0.0% held
Exited since Q4 2015 3 rows
Stock Prior weight Prior value PRECISION CASTPARTS CORP no ticker 0.01% $788k Schibsted A/S CL A no ticker 0.0% $204k SPB SPECTRUM BRANDS HLDGS INC 0.0% $204k
Sector mix Unclassified 60.9% Consumer Defensive 19.5% Financial Services 14.3% Basic Materials 2.8% Communication Services 2.0% Industrials 0.1% Consumer Cyclical 0.07% Real Estate 0.05% Energy 0.04% Technology 0.04% Healthcare 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