Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2017Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2017 Gardner Russo & Quinn (Tom Russo) disclosed 102 US equity positions worth $14.1bn in its Q3 2017 13F filing. Its largest position is Nestle SA-Spons ADR at 9.6% of the reported book, followed by MA and BRK/A. Versus Q2 2017 it opened 2 new positions, added to 23, reduced 28 and exited 2.
$14.1bn 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.
9.6% Largest position The largest single position as a share of the reported equity book.
74.7% 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 Q2 2017: 2 new , 23 added , 28 reduced , 2 exited
50 of 102 Show all 102
Stock Sector Weight Value Shares Δ shares Action Nestle SA-Spons ADR no ticker – 9.6% $1.4bn 16.09m 0.0% held MA MASTERCARD INC Financial Services 9.5% $1.3bn 9.50m −0.6% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 9.4% $1.3bn 4,815 −0.4% held PM PHILIP MORRIS INTL INC Consumer Defensive 8.0% $1.1bn 10.19m 0.0% held Compagnie Financiere Richemont no ticker – 7.7% $1.1bn 11.87m +0.2% held Heineken Holding NV no ticker – 7.3% $1.0bn 10.98m −0.7% reduced UNILEVER N V no ticker – 6.3% $887m 15.03m −0.4% held Pernod Ricard no ticker – 6.1% $868m 6.27m 0.0% held Anheuser-Busch InBev SA no ticker – 6.0% $846m 7.06m +0.5% held WFC WELLS FARGO & CO Financial Services 5.0% $701m 12.70m +0.4% held BRK/B BERKSHIRE HATHAWAY INC DEL – 3.3% $462m 2.52m +0.3% held The Swatch Group AG-BR no ticker – 3.2% $447m 1.07m +3.1% added MLM MARTIN MARIETTA MATLS INC Basic Materials 3.0% $420m 2.03m +15% added MO ALTRIA GROUP INC Consumer Defensive 2.5% $360m 5.68m +6.3% added British American Tobacco PLC no ticker – 2.3% $332m 5.30m +4.4% added Diageo PLC no ticker – 2.1% $300m 9.13m −0.4% held JC Decaux SA ACT no ticker – 2.1% $291m 7.78m +8.4% added CMCSA COMCAST CORP NEW Communication Services 1.9% $276m 7.16m +1.1% added BF/A BROWN FORMAN CORP – 1.7% $247m 4.44m −1.2% reduced BF/B BROWN FORMAN CORP – 0.6% $83.0m 1.53m +5.5% added DEO DIAGEO PLC Consumer Defensive 0.4% $61.0m 461,365 −2.2% reduced V VISA INC Financial Services 0.4% $59.7m 567,051 +0.9% added AXP AMERICAN EXPRESS CO Financial Services 0.1% $15.0m 165,351 +0.3% held EXMOC EXXON MOBIL CORP – 0.09% $13.2m 160,552 −0.5% held FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.09% $12.8m 133,775 −0.1% held SNI SCRIPPS NETWORKS INTERACT IN – 0.09% $12.7m 147,901 −87% reduced Danone ADR no ticker – 0.09% $12.5m 795,070 +0.6% added MKL MARKEL GROUP INC Financial Services 0.08% $11.7m 10,908 −1.8% reduced CR CRANE CO Industrials 0.08% $10.6m 133,123 −1.1% reduced Swedish Match AB no ticker – 0.07% $9.7m 275,838 −0.5% reduced OUT OUTFRONT MEDIA INC Real Estate 0.06% $8.2m 325,815 +4.9% added KO COCA COLA CO Consumer Defensive 0.05% $7.4m 164,777 −2.8% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.05% $7.4m 205,416 0.0% held Anheuser-Busch InBev SA Restri no ticker – 0.04% $6.2m 51,983 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.04% $5.7m 62,267 −3.3% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.04% $5.1m 159,273 +2.2% added Heineken NV no ticker – 0.03% $4.9m 49,688 0.0% held DOV DOVER CORP Industrials 0.03% $4.9m 53,666 −3.2% reduced PEP PEPSICO INC Consumer Defensive 0.03% $3.9m 35,200 −0.1% held MSFT MICROSOFT CORP Technology 0.03% $3.7m 49,400 0.0% held JP Morgan Chase & Co WTS Exp 1 no ticker – 0.03% $3.7m 67,800 −14% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.02% $3.5m 33,655 −0.3% held Nestle SA-REG no ticker – 0.02% $3.4m 41,000 0.0% held DOWDUPONT INC no ticker – 0.02% $3.3m 48,139 – new RDS/A ROYAL DUTCH SHELL PLC – 0.02% $3.3m 53,825 0.0% held PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $3.1m 22,890 0.0% held M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.02% $3.0m 34,930 0.0% held Wells Fargo WTS Exp 10/28/18 no ticker – 0.02% $2.9m 134,895 0.0% held CVX CHEVRON CORPORATION Energy 0.02% $2.9m 24,256 −6.2% reduced BIC no ticker – 0.02% $2.6m 21,680 +5.2% added
Exited since Q2 2017 2 rows
Stock Prior weight Prior value DU PONT E I DE NEMOURS & CO no ticker 0.02% $3.0m YUSD ALLEGHANY CORP DEL 0.0% $233k
Sector mix Unclassified 68.3% Financial Services 15.1% Consumer Defensive 11.3% Basic Materials 3.0% Communication Services 2.0% Industrials 0.1% Real Estate 0.06% Consumer Cyclical 0.06% Technology 0.04% Energy 0.03% 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