Funds › Gardner Russo & Quinn (Tom Russo) › Q1 2017Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2017 Gardner Russo & Quinn (Tom Russo) disclosed 102 US equity positions worth $12.9bn in its Q1 2017 13F filing. Its largest position is Nestle SA-Spons ADR at 9.5% of the reported book, followed by BRK/A and PM. Versus Q4 2016 it opened 5 new positions, added to 27, reduced 41 and exited 0.
$12.9bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
102 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.5% Largest position The largest single position as a share of the reported equity book.
73.9% 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 2016: 5 new , 27 added , 41 reduced , 0 exited
50 of 102 Show all 102
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 9.5% $1.2bn 15.99m +0.4% held BRK/A BERKSHIRE HATHAWAY INC DEL – 9.4% $1.2bn 4,882 −0.6% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 9.0% $1.2bn 10.31m −0.5% held MA MASTERCARD INC Financial Services 8.3% $1.1bn 9.53m −0.8% reduced Compagnie Financiere Richemont no ticker – 7.3% $943m 11.91m 0.0% held Heineken Holding NV no ticker – 6.9% $889m 11.15m +2.7% added Anheuser-Busch InBev SA no ticker – 6.0% $773m 7.02m +3.9% added WFC WELLS FARGO & CO Financial Services 5.9% $760m 13.65m −6.7% reduced UNILEVER N V no ticker – 5.9% $757m 15.24m −0.1% held Pernod Ricard no ticker – 5.8% $748m 6.31m +1.3% added BRK/B BERKSHIRE HATHAWAY INC DEL – 3.2% $417m 2.50m −2.5% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 3.0% $388m 1.78m −1.9% reduced MO ALTRIA GROUP INC Consumer Defensive 3.0% $384m 5.38m −2.1% reduced The Swatch Group AG-BR no ticker – 2.9% $374m 1.04m +2.8% added British American Tobacco PLC no ticker – 2.6% $339m 5.11m −0.6% reduced CMCSA COMCAST CORP NEW Communication Services 2.1% $269m 7.14m +97% added Diageo PLC no ticker – 2.1% $267m 9.36m +0.8% added JC Decaux SA ACT no ticker – 2.0% $253m 7.16m +3.1% added BF/A BROWN FORMAN CORP – 1.7% $214m 4.54m −2.1% reduced SNI SCRIPPS NETWORKS INTERACT IN – 0.7% $90.3m 1.15m −1.1% reduced BF/B BROWN FORMAN CORP – 0.5% $64.4m 1.40m +10% added DEO DIAGEO PLC Consumer Defensive 0.4% $54.7m 473,651 −1.3% reduced V VISA INC Financial Services 0.4% $48.9m 550,171 +1.9% added EXMOC EXXON MOBIL CORP – 0.1% $13.3m 161,941 +1.2% added AXP AMERICAN EXPRESS CO Financial Services 0.10% $12.7m 160,993 +1.5% added FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.09% $11.4m 128,280 +0.7% added MKL MARKEL GROUP INC Financial Services 0.09% $11.0m 11,262 −4.3% reduced CR CRANE CO Industrials 0.08% $10.1m 134,973 −0.4% held Danone ADR no ticker – 0.08% $10.0m 736,605 +7.8% added Swedish Match AB no ticker – 0.07% $9.1m 278,868 −6.8% reduced OUT OUTFRONT MEDIA INC Real Estate 0.06% $7.6m 285,225 +9.1% added KO COCA COLA CO Consumer Defensive 0.06% $7.3m 172,757 −5.5% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.05% $6.6m 208,366 −1.7% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.04% $5.8m 64,402 −1.7% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.04% $5.4m 156,649 −3.5% reduced DOV DOVER CORP Industrials 0.04% $4.6m 57,301 −2.8% reduced Heineken NV no ticker – 0.03% $4.2m 49,788 0.0% held PEP PEPSICO INC Consumer Defensive 0.03% $4.0m 35,919 −2.6% reduced JP Morgan Chase & Co WTS Exp 1 no ticker – 0.03% $4.0m 85,300 −47% reduced Wells Fargo WTS Exp 10/28/18 no ticker – 0.03% $3.4m 151,500 −32% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.3m 33,805 −1.6% reduced MSFT MICROSOFT CORP Technology 0.03% $3.3m 49,400 −2.3% reduced M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.02% $3.2m 40,000 −38% reduced Nestle SA-REG no ticker – 0.02% $3.2m 41,310 0.0% held Anheuser-Busch InBev SA Restri no ticker – 0.02% $3.1m 28,305 – new DU PONT E I DE NEMOURS & CO no ticker – 0.02% $3.0m 37,654 +0.4% held CVX CHEVRON CORPORATION Energy 0.02% $2.9m 27,022 −7.4% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.02% $2.8m 53,990 −3.9% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.8m 23,090 −0.5% held BIC no ticker – 0.02% $2.6m 20,725 −14% reduced
Sector mix Unclassified 67.0% Financial Services 14.8% Consumer Defensive 12.7% Basic Materials 3.0% Communication Services 2.1% Industrials 0.1% Real Estate 0.07% Consumer Cyclical 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