Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2016Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2016 Gardner Russo & Quinn (Tom Russo) disclosed 105 US equity positions worth $11.9bn in its Q2 2016 13F filing. Its largest position is Nestle SA-Spons ADR at 10.2% of the reported book, followed by BRK/A and PM. Versus Q1 2016 it opened 4 new positions, added to 32, reduced 32 and exited 6.
$11.9bn 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.
10.2% Largest position The largest single position as a share of the reported equity book.
73.2% 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 Q1 2016: 4 new , 32 added , 32 reduced , 6 exited
50 of 105 Show all 105
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 10.2% $1.2bn 15.84m +0.1% held BRK/A BERKSHIRE HATHAWAY INC DEL – 9.1% $1.1bn 4,999 −0.3% held PM PHILIP MORRIS INTL INC Consumer Defensive 8.9% $1.1bn 10.49m −0.2% held Heineken Holding NV no ticker – 7.4% $879m 10.82m −0.1% held BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 7.2% $860m 6.53m +0.4% held MA MASTERCARD INC Financial Services 7.2% $858m 9.74m +0.1% held WFC WELLS FARGO & CO Financial Services 6.0% $719m 15.18m +3.3% added Pernod Ricard no ticker – 5.9% $701m 6.30m +6.5% added Compagnie Financiere Richemont no ticker – 5.7% $680m 11.67m +2.6% added UNILEVER N V no ticker – 5.6% $672m 14.32m +0.1% held MO ALTRIA GROUP INC Consumer Defensive 3.4% $409m 5.93m −0.3% held MLM MARTIN MARIETTA MATLS INC Basic Materials 3.4% $400m 2.09m −0.9% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 3.1% $374m 2.58m −0.2% held British American Tobacco PLC no ticker – 2.8% $329m 5.09m −0.1% held The Swatch Group AG-BR no ticker – 2.3% $280m 964,896 +12% added Diageo PLC no ticker – 2.2% $260m 9.33m +0.1% held BF/A BROWN FORMAN CORP – 2.2% $260m 2.41m −1.4% reduced CMCSA COMCAST CORP NEW Communication Services 2.1% $249m 3.82m −0.6% reduced JC Decaux SA ACT no ticker – 1.7% $204m 6.04m +8.4% added SNI SCRIPPS NETWORKS INTERACT IN – 0.6% $73.5m 1.18m −0.8% reduced BF/B BROWN FORMAN CORP – 0.5% $58.8m 589,364 +2.6% added DEO DIAGEO PLC Consumer Defensive 0.5% $53.7m 476,124 +0.6% added V VISA INC Financial Services 0.3% $40.1m 541,106 +0.1% held EXMOC EXXON MOBIL CORP – 0.1% $15.7m 167,101 +0.6% added MKL MARKEL GROUP INC Financial Services 0.10% $11.7m 12,272 −6.6% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.10% $11.4m 123,735 +1.9% added Swedish Match AB no ticker – 0.09% $10.5m 303,638 −0.2% held Danone ADR no ticker – 0.08% $9.4m 666,970 +4.5% added AXP AMERICAN EXPRESS CO Financial Services 0.08% $9.3m 153,848 +1.4% added KO COCA COLA CO Consumer Defensive 0.07% $8.9m 197,107 −3.9% reduced CR CRANE CO Industrials 0.07% $8.9m 156,341 −1.9% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.06% $6.8m 227,043 −4.7% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.06% $6.8m 80,062 −6.9% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.05% $6.1m 165,849 −2.5% reduced OUT OUTFRONT MEDIA INC Real Estate 0.05% $6.0m 249,630 +6.4% added JP Morgan Chase & Co WTS Exp 1 no ticker – 0.04% $4.7m 233,250 +16% added Heineken NV no ticker – 0.04% $4.6m 49,788 0.0% held DOV DOVER CORP Industrials 0.03% $4.2m 60,076 −7.5% reduced CVX CHEVRON CORPORATION Energy 0.03% $4.0m 38,539 −5.7% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.03% $4.0m 37,455 −5.1% reduced SABMiller PLC no ticker – 0.03% $3.9m 67,607 −96% reduced PEP PEPSICO INC Consumer Defensive 0.03% $3.7m 35,148 −4.1% reduced M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.03% $3.6m 82,139 0.0% held Wells Fargo WTS Exp 10/28/18 no ticker – 0.03% $3.5m 258,000 +2.0% added RDS/A ROYAL DUTCH SHELL PLC – 0.03% $3.2m 58,545 −4.0% reduced Nestle SA-REG no ticker – 0.03% $3.2m 41,310 0.0% held BIC no ticker – 0.03% $3.1m 21,975 +1.6% added Reckitt Benckiser Group PLC no ticker – 0.03% $3.0m 29,837 −1.2% reduced MSFT MICROSOFT CORP Technology 0.02% $2.6m 50,150 +1.4% added DU PONT E I DE NEMOURS & CO no ticker – 0.02% $2.4m 37,716 −1.1% reduced
Exited since Q1 2016 6 rows
Stock Prior weight Prior value WBC1EUR WABCO HLDGS INC 0.0% $339k SABMiller PLC Sponsored ADR no ticker 0.0% $314k CHICAGO BRIDGE & IRON CO N V no ticker 0.0% $274k MYLAN NV no ticker 0.0% $250k PSX PHILLIPS 66 0.0% $210k MRK MERCK & CO. INC 0.0% $203k
Sector mix Unclassified 60.0% Consumer Defensive 20.4% Financial Services 13.8% Basic Materials 3.4% Communication Services 2.1% Industrials 0.1% Consumer Cyclical 0.06% Real Estate 0.06% Technology 0.04% Energy 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