WhaleCreep

Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2018

Long-only investorSEC filingsCompare with another fundHoldings as of 2018-03-31, filed 2018-05-11

Gardner Russo & Quinn (Tom Russo) disclosed 100 US equity positions worth $14.3bn in its Q1 2018 13F filing. Its largest position is MA at 10.9% of the reported book, followed by BRK/A and Nestle SA-Spons ADR. Versus Q4 2017 it opened 1 new position, added to 22, reduced 46 and exited 95.

$14.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
100
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.9%
Largest position
The largest single position as a share of the reported equity book.
74.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
15
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 2017: 1 new, 22 added, 46 reduced, 95 exited

50 of 100
MA MASTERCARD INCFinancial Services10.9%$1.6bn8.95m−2.2%reduced
BRK/A BERKSHIRE HATHAWAY INC DEL–9.7%$1.4bn4,666−0.3%held
Nestle SA-Spons ADR no ticker–8.7%$1.3bn15.86m−0.2%held
Heineken Holding NV no ticker–7.7%$1.1bn10.70m−0.6%reduced
Compagnie Financiere Richemont no ticker–7.3%$1.0bn11.64m+0.4%held
PM PHILIP MORRIS INTL INCConsumer Defensive7.2%$1.0bn10.38m+2.3%added
Pernod Ricard no ticker–7.0%$1000m6.01m−1.4%reduced
UNILEVER N V no ticker–6.0%$860m15.25m+3.2%added
Anheuser-Busch InBev SA no ticker–5.8%$838m7.63m+6.7%added
WFC WELLS FARGO & COFinancial Services4.5%$647m12.35m−1.0%reduced
BRK/B BERKSHIRE HATHAWAY INC DEL–3.5%$509m2.55m+2.0%added
The Swatch Group AG-BR no ticker–3.5%$508m1.16m+0.7%added
MLM MARTIN MARIETTA MATLS INCBasic Materials2.9%$418m2.02m+0.2%held
MO ALTRIA GROUP INCConsumer Defensive2.5%$351m5.64m+0.8%added
British American Tobacco PLC no ticker–2.1%$306m5.28m+1.3%added
Diageo PLC no ticker–2.0%$284m8.39m−5.6%reduced
JC Decaux SA ACT no ticker–1.9%$269m7.73m0.0%held
CMCSA COMCAST CORP NEWCommunication Services1.7%$243m7.12m0.0%held
BF/A BROWN FORMAN CORP–1.6%$230m4.32m−0.2%held
BF/B BROWN FORMAN CORP–1.1%$153m2.82m+90%added
V VISA INCFinancial Services0.5%$68.1m569,580−0.8%reduced
DEO DIAGEO PLCConsumer Defensive0.4%$56.2m415,289−3.1%reduced
AXP AMERICAN EXPRESS COFinancial Services0.1%$15.3m163,699−0.7%reduced
FMX FOMENTO ECONOMICO MEXICANO SConsumer Defensive0.09%$12.7m138,417+0.6%added
Swedish Match AB no ticker–0.09%$12.3m272,193−1.3%reduced
EXMOC EXXON MOBIL CORP–0.08%$11.7m156,595−1.2%reduced
Danone ADR no ticker–0.08%$11.6m716,515−0.7%reduced
CR CRANE COIndustrials0.08%$11.5m123,693−3.9%reduced
MKL MARKEL GROUP INCFinancial Services0.07%$9.6m8,183−1.8%reduced
OUT OUTFRONT MEDIA INCReal Estate0.04%$6.4m340,079+4.2%added
MLKN MILLERKNOLL INCConsumer Cyclical0.04%$6.3m197,241−3.4%reduced
Anheuser-Busch InBev SA Restri no ticker–0.04%$5.7m51,9830.0%held
HRL HORMEL FOODS CORPConsumer Defensive0.04%$5.5m160,374+1.3%added
KO COCA COLA COConsumer Defensive0.04%$5.4m123,708−5.1%reduced
DOV DOVER CORPIndustrials0.04%$5.1m51,816−2.3%reduced
Heineken NV no ticker–0.04%$5.1m47,288−4.8%reduced
PG PROCTER & GAMBLE COConsumer Defensive0.03%$4.2m52,860−13%reduced
PEP PEPSICO INCConsumer Defensive0.03%$3.7m33,597−1.7%reduced
MKC MCCORMICK & CO INCConsumer Defensive0.02%$3.6m33,555−0.1%held
Nestle SA-REG no ticker–0.02%$3.2m41,0000.0%held
PNC PNC FINL SVCS GROUP INCFinancial Services0.02%$3.2m20,965−0.6%reduced
DOWDUPONT INC no ticker–0.02%$3.0m47,521+0.5%held
RDS/A ROYAL DUTCH SHELL PLC–0.02%$3.0m47,265−9.1%reduced
GOOG ALPHABET INCCommunication Services0.02%$2.3m2,184−12%reduced
Unilever NV no ticker–0.02%$2.2m39,0000.0%held
Reckitt Benckiser Group PLC no ticker–0.02%$2.2m25,472−1.9%reduced
M&T Bank Corp Wts Exp 12/23/1 no ticker–0.02%$2.2m19,750−34%reduced
VMC VULCAN MATLS COBasic Materials0.01%$2.1m18,820+28%added
FULT FULTON FINL CORP PAFinancial Services0.01%$2.1m120,254+2.9%added
JP Morgan Chase & Co WTS Exp 1 no ticker–0.01%$2.1m30,300−48%reduced

Exited since Q4 2017

95 rows
SNI SCRIPPS NETWORKS INTERACT IN0.04%$5.2m
Roche Holding AG no ticker0.0%$298k
MONSANTO CO NEW no ticker0.0%$283k
Shiseido Co Ltd no ticker0.0%$280k
COP CONOCOPHILLIPS0.0%$227k
CSFLUSD CENTERSTATE BK CORP0.0%$219k
ORCL ORACLE CORP0.0%$203k
LVMH Moet Hennessy Louis Vuitt no ticker0.0%$198k
YUSD ALLEGHANY CORP DEL0.0%$193k
Essilor International no ticker0.0%$191k
PSX PHILLIPS 660.0%$179k
WBC1EUR WABCO HLDGS INC0.0%$179k
MRK MERCK & CO. INC0.0%$162k
CL COLGATE PALMOLIVE CO0.0%$158k
UNILEVER PLC no ticker0.0%$152k
HTLD HEARTLAND EXPRESS INC0.0%$152k
NKE NIKE INC0.0%$147k
SU SUNCOR ENERGY INC NEW0.0%$147k
HAS HASBRO INC0.0%$137k
Remy Cointreau no ticker0.0%$135k
DHR DANAHER CORP DEL0.0%$130k
GE GENERAL ELECTRIC CO0.0%$124k
NTRS NORTHERN TR CORP0.0%$113k
Strauss Group LTD no ticker0.0%$107k
MYLAN NV no ticker0.0%$107k
VECTREN CORP no ticker0.0%$104k
BA BOEING CO0.0%$103k
CAT CATERPILLAR INC0.0%$102k
CSL CARLISLE COS INC0.0%$102k
MAT MATTEL INC0.0%$102k
Schibsted A/S CL A no ticker0.0%$98.0k
YUM YUM BRANDS INC0.0%$98.0k
CABO CABLE ONE INC0.0%$97.0k
FDX FEDEX CORP0.0%$92.0k
Schibsted A/S CL B no ticker0.0%$91.0k
LVMH Moet Hennessy Louis Vuitt no ticker0.0%$88.0k
AMZN AMAZON COM INC0.0%$88.0k
Tencent Holdings LTD ADR no ticker0.0%$87.0k
NEE NEXTERA ENERGY INC0.0%$86.0k
HD HOME DEPOT INC0.0%$85.0k
MHK MOHAWK INDS INC0.0%$83.0k
WLY WILEY JOHN & SONS INC0.0%$82.0k
BNY BANK OF NY MELLON CORP0.0%$81.0k
IR INGERSOLL-RAND PLC0.0%$78.0k
CSX CSX CORP0.0%$77.0k
Daimler no ticker0.0%$77.0k
GHC GRAHAM HLDGS CO0.0%$77.0k
HSY HERSHEY CO0.0%$77.0k
BUD ANHEUSER BUSCH INBEV SA NV0.0%$74.0k
FAST FASTENAL CO0.0%$70.0k

Sector mix

  • Unclassified68.6%
  • Financial Services16.2%
  • Consumer Defensive10.3%
  • Basic Materials2.9%
  • Communication Services1.7%
  • Industrials0.1%
  • Real Estate0.05%
  • Consumer Cyclical0.05%
  • Healthcare0.02%
  • Energy0.01%
  • Technology0.01%

Book over time

Every quarter on file (85)
QuarterPositionsEquity book
Q2 202685$8.9bn
Q1 202686$8.5bn
Q4 202587$9.3bn
Q3 202585$9.3bn
Q2 202585$9.4bn
Q1 202586$8.9bn
Q4 202468$8.8bn
Q3 202477$9.7bn
Q2 202477$9.5bn
Q1 202481$9.7bn
Q4 202382$9.8bn
Q3 202382$9.2bn
Q2 202383$10.1bn
Q1 202384$9.6bn
Q4 202283$9.1bn
Q3 202283$8.3bn
Q2 202285$8.9bn
Q1 202284$10.4bn
Q4 202188$11.2bn
Q3 202187$10.8bn
Q2 202188$11.8bn
Q1 202190$11.0bn
Q4 202092$11.0bn
Q3 202086$10.3bn
Q2 202086$9.8bn
Q1 202084$9.9bn
Q4 201993$13.0bn
Q3 201994$12.8bn
Q2 201996$13.2bn
Q1 201993$12.9bn
Q4 201888$12.0bn
Q3 201895$13.8bn
Q2 201898$13.7bn
Q1 2018100$14.3bn
Q4 2017194$14.5bn
Q3 2017102$14.1bn
Q2 2017102$13.5bn
Q1 2017102$12.9bn
Q4 201697$11.8bn
Q3 2016100$12.0bn
Q2 2016105$11.9bn
Q1 2016107$11.8bn
Q4 2015105$11.7bn
Q3 2015104$11.1bn
Q2 2015109$11.4bn
Q1 2015110$11.1bn
Q4 2014110$11.0bn
Q3 2014111$10.6bn
Q2 2014113$10.8bn
Q1 2014112$10.3bn
Q4 2013110$10.1bn
Q3 2013113$9.4bn
Q2 2013115$8.6bn
Q1 2013157$4.3bn
Q4 2012143$3.6bn
Q3 2012156$3.5bn
Q2 2012178$3.3bn
Q1 2012166$3.2bn
Q4 2011171$2.9bn
Q3 2011166$2.5bn
Q2 201168$2.7bn
Q1 201169$2.7bn
Q4 201060$2.0bn
Q3 201063$1.8bn
Q2 201063$1.7bn
Q1 201066$1.9bn
Q4 200964$1.6bn
Q3 200971$1.4bn
Q2 200971$1.2bn
Q1 200953$728m
Q4 200878$1.3bn
Q3 200891$2.0bn
Q2 2008302$2.7bn
Q1 2008310$2.8bn
Q4 2007312$3.0bn
Q3 2007332$3.1bn
Q2 2007314$3.1bn
Q1 2007319$2.8bn
Q4 2006318$2.8bn
Q3 2006319$2.5bn
Q2 2006312$2.5bn
Q1 2006286$2.1bn
Q4 2005311$2.2bn
Q3 2005370$2.2bn
Q1 1999328$875m

Where Gardner Russo & Quinn (Tom Russo) was early

9 rows
DEO Diageo PLC Sponsored ADRQ2 20062 of 931.2%2.1%40Exited by Q1 2021+135%
PM Philip Morris International InQ1 20081 of 16910.4%29.4%74Held at last filing, Q2 2026+258%
SNI Scripps Networks Interactive CQ3 20081 of 805.8%8.3%38Exited by Q1 2018+135%
MA Mastercard Inc Cl AQ3 200813 of 2630.3%16.2%57Held at last filing, Q2 2026+2796%
BRK/B Berkshire Hathaway Inc Cl BQ4 20091 of 1805.4%7.0%67Held at last filing, Q2 2026+661%
BRK/A Berkshire Hathaway Inc Cl AQ4 20093 of 6120.5%23.7%67Held at last filing, Q2 2026+655%
HAS Hasbro IncQ4 20093 of 1352.1%2.5%17Exited by Q1 2018+184%
BUD Anheuser-Busch InBev ADRQ2 20133 of 1294.8%7.2%24Exited by Q4 2021−38%
CABO Cable One IncQ4 20177 of 1140.0%1.5%17Exited by Q2 2024−40%

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