Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2017Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2017 Gardner Russo & Quinn (Tom Russo) disclosed 194 US equity positions worth $14.5bn in its Q4 2017 13F filing. Its largest position is BRK/A at 9.6% of the reported book, followed by MA and Nestle SA-Spons ADR. Versus Q3 2017 it opened 92 new positions, added to 10, reduced 61 and exited 0.
$14.5bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
194 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.
73.6% 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 2017: 92 new , 10 added , 61 reduced , 0 exited
50 of 194 Show all 194
Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 9.6% $1.4bn 4,680 −2.8% reduced MA MASTERCARD INC Financial Services 9.5% $1.4bn 9.15m −3.7% reduced Nestle SA-Spons ADR no ticker – 9.4% $1.4bn 15.89m −1.3% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 7.4% $1.1bn 10.14m −0.5% held Heineken Holding NV no ticker – 7.3% $1.1bn 10.77m −1.9% reduced Compagnie Financiere Richemont no ticker – 7.2% $1.1bn 11.59m −2.4% reduced Pernod Ricard no ticker – 6.7% $966m 6.10m −2.8% reduced UNILEVER N V no ticker – 5.7% $833m 14.78m −1.6% reduced Anheuser-Busch InBev SA no ticker – 5.5% $800m 7.15m +1.3% added WFC WELLS FARGO & CO Financial Services 5.2% $757m 12.47m −1.8% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 3.4% $496m 2.50m −0.7% reduced The Swatch Group AG-BR no ticker – 3.2% $468m 1.15m +6.8% added MLM MARTIN MARIETTA MATLS INC Basic Materials 3.1% $445m 2.01m −1.1% reduced MO ALTRIA GROUP INC Consumer Defensive 2.7% $399m 5.59m −1.6% reduced British American Tobacco PLC no ticker – 2.4% $354m 5.21m −1.6% reduced Diageo PLC no ticker – 2.3% $328m 8.89m −2.6% reduced JC Decaux SA ACT no ticker – 2.1% $312m 7.73m −0.6% reduced BF/A BROWN FORMAN CORP – 2.0% $291m 4.33m −2.6% reduced CMCSA COMCAST CORP NEW Communication Services 2.0% $285m 7.12m −0.6% reduced BF/B BROWN FORMAN CORP – 0.7% $102m 1.48m −3.2% reduced V VISA INC Financial Services 0.5% $65.5m 574,391 +1.3% added DEO DIAGEO PLC Consumer Defensive 0.4% $62.6m 428,725 −7.1% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $16.4m 164,801 −0.3% held EXMOC EXXON MOBIL CORP – 0.09% $13.3m 158,428 −1.3% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.09% $12.9m 137,640 +2.9% added Danone ADR no ticker – 0.08% $12.1m 721,410 −9.3% reduced CR CRANE CO Industrials 0.08% $11.5m 128,743 −3.3% reduced Swedish Match AB no ticker – 0.07% $10.9m 275,753 0.0% held MKL MARKEL GROUP INC Financial Services 0.07% $9.5m 8,333 −24% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.06% $8.2m 204,191 −0.6% reduced OUT OUTFRONT MEDIA INC Real Estate 0.05% $7.6m 326,359 +0.2% held KO COCA COLA CO Consumer Defensive 0.04% $6.0m 130,412 −21% reduced Anheuser-Busch InBev SA Restri no ticker – 0.04% $5.8m 51,983 0.0% held HRL HORMEL FOODS CORP Consumer Defensive 0.04% $5.8m 158,314 −0.6% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.04% $5.6m 60,424 −3.0% reduced DOV DOVER CORP Industrials 0.04% $5.4m 53,016 −1.2% reduced SNI SCRIPPS NETWORKS INTERACT IN – 0.04% $5.2m 61,183 −59% reduced Heineken NV no ticker – 0.04% $5.2m 49,688 0.0% held PEP PEPSICO INC Consumer Defensive 0.03% $4.1m 34,175 −2.9% reduced JP Morgan Chase & Co WTS Exp 1 no ticker – 0.03% $3.8m 57,800 −15% reduced Nestle SA-REG no ticker – 0.02% $3.5m 41,000 0.0% held Wells Fargo WTS Exp 10/28/18 no ticker – 0.02% $3.5m 127,195 −5.7% reduced RDS/A ROYAL DUTCH SHELL PLC – 0.02% $3.5m 52,005 −3.4% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.02% $3.4m 33,605 −0.1% held DOWDUPONT INC no ticker – 0.02% $3.4m 47,305 −1.7% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $3.0m 21,090 −7.9% reduced M&T Bank Corp Wts Exp 12/23/1 no ticker – 0.02% $2.9m 30,000 −14% reduced GOOG ALPHABET INC Communication Services 0.02% $2.6m 2,475 −7.1% reduced Reckitt Benckiser Group PLC no ticker – 0.02% $2.4m 25,967 −1.0% reduced BIC no ticker – 0.02% $2.4m 21,680 0.0% held
Sector mix Unclassified 68.3% Financial Services 15.4% Consumer Defensive 10.9% Basic Materials 3.1% Communication Services 2.0% Industrials 0.1% Consumer Cyclical 0.07% Real Estate 0.06% Energy 0.02% Healthcare 0.02% Technology 0.01% Utilities 0.0% 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