Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2017Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2017 Gardner Russo & Quinn (Tom Russo) disclosed 102 US equity positions worth $13.5bn in its Q2 2017 13F filing. Its largest position is Nestle SA-Spons ADR at 10.4% of the reported book, followed by BRK/A and PM. Versus Q1 2017 it opened 2 new positions, added to 20, reduced 39 and exited 2.
$13.5bn 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.
10.4% Largest position The largest single position as a share of the reported equity book.
74.8% 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 Q1 2017: 2 new , 20 added , 39 reduced , 2 exited
50 of 102 Show all 102
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 10.4% $1.4bn 16.09m +0.6% added BRK/A BERKSHIRE HATHAWAY INC DEL – 9.1% $1.2bn 4,834 −1.0% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 8.8% $1.2bn 10.19m −1.2% reduced MA MASTERCARD INC Financial Services 8.6% $1.2bn 9.56m +0.3% held Heineken Holding NV no ticker – 7.5% $1.0bn 11.05m −0.9% reduced Compagnie Financiere Richemont no ticker – 7.2% $977m 11.85m −0.6% reduced Pernod Ricard no ticker – 6.2% $839m 6.27m −0.5% reduced UNILEVER N V no ticker – 6.2% $834m 15.08m −1.0% reduced Anheuser-Busch InBev SA no ticker – 5.7% $775m 7.03m +0.1% held WFC WELLS FARGO & CO Financial Services 5.2% $701m 12.65m −7.4% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 3.1% $425m 2.51m +0.4% held MO ALTRIA GROUP INC Consumer Defensive 2.9% $398m 5.35m −0.6% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 2.9% $393m 1.77m −0.8% reduced The Swatch Group AG-BR no ticker – 2.8% $385m 1.04m −0.3% held British American Tobacco PLC no ticker – 2.5% $345m 5.07m −0.8% reduced CMCSA COMCAST CORP NEW Communication Services 2.0% $276m 7.08m −0.9% reduced Diageo PLC no ticker – 2.0% $270m 9.16m −2.2% reduced JC Decaux SA ACT no ticker – 1.7% $235m 7.18m +0.2% held BF/A BROWN FORMAN CORP – 1.6% $222m 4.50m −1.0% reduced SNI SCRIPPS NETWORKS INTERACT IN – 0.6% $78.7m 1.15m 0.0% held BF/B BROWN FORMAN CORP – 0.5% $70.4m 1.45m +3.8% added DEO DIAGEO PLC Consumer Defensive 0.4% $56.5m 471,770 −0.4% held V VISA INC Financial Services 0.4% $52.7m 562,186 +2.2% added AXP AMERICAN EXPRESS CO Financial Services 0.1% $13.9m 164,812 +2.4% added FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.10% $13.2m 133,860 +4.3% added EXMOC EXXON MOBIL CORP – 0.10% $13.0m 161,319 −0.4% held Danone ADR no ticker – 0.09% $11.9m 790,045 +7.3% added MKL MARKEL GROUP INC Financial Services 0.08% $10.8m 11,112 −1.3% reduced CR CRANE CO Industrials 0.08% $10.7m 134,573 −0.3% held Swedish Match AB no ticker – 0.07% $9.8m 277,243 −0.6% reduced KO COCA COLA CO Consumer Defensive 0.06% $7.6m 169,527 −1.9% reduced OUT OUTFRONT MEDIA INC Real Estate 0.05% $7.2m 310,725 +8.9% added MLKN MILLERKNOLL INC Consumer Cyclical 0.05% $6.2m 205,516 −1.4% reduced Anheuser-Busch InBev SA Restri no ticker – 0.04% $5.7m 51,983 +84% added PG PROCTER & GAMBLE CO Consumer Defensive 0.04% $5.6m 64,392 0.0% held HRL HORMEL FOODS CORP Consumer Defensive 0.04% $5.3m 155,849 −0.5% reduced Heineken NV no ticker – 0.04% $4.8m 49,688 −0.2% held DOV DOVER CORP Industrials 0.03% $4.4m 55,426 −3.3% reduced PEP PEPSICO INC Consumer Defensive 0.03% $4.1m 35,219 −1.9% reduced JP Morgan Chase & Co WTS Exp 1 no ticker – 0.03% $3.9m 78,420 −8.1% reduced Nestle SA-REG no ticker – 0.03% $3.6m 41,000 −0.8% reduced MSFT MICROSOFT CORP Technology 0.03% $3.4m 49,400 0.0% held MKC MCCORMICK & CO INC Consumer Defensive 0.02% $3.3m 33,755 −0.1% held M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.02% $3.1m 34,930 −13% reduced DU PONT E I DE NEMOURS & CO no ticker – 0.02% $3.0m 37,553 −0.3% held Wells Fargo WTS Exp 10/28/18 no ticker – 0.02% $3.0m 134,895 −11% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.02% $2.9m 53,825 −0.3% held PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.9m 22,890 −0.9% reduced CVX CHEVRON CORPORATION Energy 0.02% $2.7m 25,856 −4.3% reduced Reckitt Benckiser Group PLC no ticker – 0.02% $2.7m 26,367 +0.2% held
Exited since Q1 2017 2 rows
Stock Prior weight Prior value HTLD HEARTLAND EXPRESS INC 0.0% $239k GE GENERAL ELECTRIC CO 0.0% $211k
Sector mix Unclassified 67.8% Financial Services 14.4% Consumer Defensive 12.5% Basic Materials 2.9% Communication Services 2.1% Industrials 0.1% Real Estate 0.06% Consumer Cyclical 0.05% Technology 0.04% Energy 0.02% 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