Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2016Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2016 Gardner Russo & Quinn (Tom Russo) disclosed 97 US equity positions worth $11.8bn in its Q4 2016 13F filing. Its largest position is BRK/A at 10.1% of the reported book, followed by Nestle SA-Spons ADR and MA. Versus Q3 2016 it opened 1 new position, added to 18, reduced 44 and exited 4.
$11.8bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
97 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.
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 Q3 2016: 1 new , 18 added , 44 reduced , 4 exited
50 of 97 Show all 97
Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 10.1% $1.2bn 4,912 −1.4% reduced Nestle SA-Spons ADR no ticker – 9.7% $1.1bn 15.93m +0.7% added MA MASTERCARD INC Financial Services 8.4% $992m 9.60m −1.8% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 8.0% $948m 10.36m +0.5% held WFC WELLS FARGO & CO Financial Services 6.8% $807m 14.64m −7.4% reduced Compagnie Financiere Richemont no ticker – 6.7% $790m 11.91m −0.2% held Heineken Holding NV no ticker – 6.4% $757m 10.86m +0.4% held Anheuser-Busch InBev SA no ticker – 6.1% $717m 6.76m +8763% added Pernod Ricard no ticker – 5.7% $676m 6.23m −1.1% reduced UNILEVER N V no ticker – 5.3% $626m 15.25m +6.5% added BRK/B BERKSHIRE HATHAWAY INC DEL – 3.5% $418m 2.56m −1.1% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 3.4% $402m 1.81m −12% reduced MO ALTRIA GROUP INC Consumer Defensive 3.1% $372m 5.50m −6.7% reduced The Swatch Group AG-BR no ticker – 2.7% $317m 1.02m +4.0% added British American Tobacco PLC no ticker – 2.5% $294m 5.14m +1.7% added CMCSA COMCAST CORP NEW Communication Services 2.1% $250m 3.62m −4.2% reduced Diageo PLC no ticker – 2.0% $242m 9.29m −0.7% reduced BF/A BROWN FORMAN CORP – 1.8% $215m 4.64m −1.9% reduced JC Decaux SA ACT no ticker – 1.7% $205m 6.95m +10% added SNI SCRIPPS NETWORKS INTERACT IN – 0.7% $83.2m 1.17m −1.1% reduced BF/B BROWN FORMAN CORP – 0.5% $56.8m 1.26m +0.6% added DEO DIAGEO PLC Consumer Defensive 0.4% $49.9m 479,721 −0.5% held V VISA INC Financial Services 0.4% $42.1m 540,034 −0.4% held BUD ANHEUSER BUSCH INBEV SA NV Consumer Defensive 0.2% $18.1m 171,291 −97% reduced EXMOC EXXON MOBIL CORP – 0.1% $14.4m 159,985 −2.0% reduced AXP AMERICAN EXPRESS CO Financial Services 0.10% $11.8m 158,633 +1.9% added MKL MARKEL GROUP INC Financial Services 0.09% $10.6m 11,762 −1.9% reduced CR CRANE CO Industrials 0.08% $9.8m 135,473 −12% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.08% $9.7m 127,430 +2.2% added Swedish Match AB no ticker – 0.08% $9.5m 299,338 −0.5% reduced Danone ADR no ticker – 0.07% $8.7m 683,075 +2.6% added KO COCA COLA CO Consumer Defensive 0.06% $7.6m 182,737 −1.7% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.06% $7.2m 211,866 −5.2% reduced JP Morgan Chase & Co WTS Exp 1 no ticker – 0.06% $7.1m 160,750 −32% reduced OUT OUTFRONT MEDIA INC Real Estate 0.06% $6.5m 261,547 +4.3% added HRL HORMEL FOODS CORP Consumer Defensive 0.05% $5.6m 162,249 −1.0% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $5.5m 65,495 −17% reduced M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.04% $5.2m 65,000 −21% reduced Wells Fargo WTS Exp 10/28/18 no ticker – 0.04% $4.8m 223,000 −17% reduced DOV DOVER CORP Industrials 0.04% $4.4m 58,976 −5.4% reduced PEP PEPSICO INC Consumer Defensive 0.03% $3.9m 36,867 −0.5% reduced Heineken NV no ticker – 0.03% $3.7m 49,788 0.0% held CVX CHEVRON CORPORATION Energy 0.03% $3.4m 29,197 −18% reduced BIC no ticker – 0.03% $3.3m 24,025 +11% added MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.2m 34,355 −1.9% reduced MSFT MICROSOFT CORP Technology 0.03% $3.1m 50,550 0.0% held RDS/A ROYAL DUTCH SHELL PLC – 0.03% $3.1m 56,200 −3.0% reduced Nestle SA-REG no ticker – 0.03% $3.0m 41,310 0.0% held DU PONT E I DE NEMOURS & CO no ticker – 0.02% $2.8m 37,503 −0.5% held PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.7m 23,200 −2.6% reduced
Exited since Q3 2016 4 rows
Stock Prior weight Prior value SABMiller PLC no ticker 0.03% $3.8m GS GOLDMAN SACHS GROUP INC 0.01% $1.5m CSL CARLISLE COS INC 0.0% $256k MAT MATTEL INC 0.0% $201k
Sector mix Unclassified 66.2% Financial Services 15.8% Consumer Defensive 12.1% Basic Materials 3.4% Communication Services 2.1% Industrials 0.1% Consumer Cyclical 0.07% Real Estate 0.06% Technology 0.04% Energy 0.03% Healthcare 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