Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2018Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2018 Gardner Russo & Quinn (Tom Russo) disclosed 98 US equity positions worth $13.7bn in its Q2 2018 13F filing. Its largest position is MA at 12.4% of the reported book, followed by BRK/A and Nestle SA-Spons ADR. Versus Q1 2018 it opened 2 new positions, added to 15, reduced 41 and exited 4.
$13.7bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
98 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.4% Largest position The largest single position as a share of the reported equity book.
75.4% 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 Q1 2018: 2 new , 15 added , 41 reduced , 4 exited
50 of 98 Show all 98
Stock Sector Weight Value Shares Δ shares Action MA MASTERCARD INC Financial Services 12.4% $1.7bn 8.66m −3.2% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 9.5% $1.3bn 4,621 −1.0% reduced Nestle SA-Spons ADR no ticker – 8.9% $1.2bn 15.69m −1.1% reduced Heineken Holding NV no ticker – 7.4% $1.0bn 10.56m −1.3% reduced Compagnie Financiere Richemont no ticker – 7.1% $975m 11.50m −1.2% reduced Pernod Ricard no ticker – 7.0% $963m 5.89m −2.0% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 6.1% $839m 10.40m +0.2% held UNILEVER N V no ticker – 6.1% $833m 14.95m −2.0% reduced Anheuser-Busch InBev SA no ticker – 5.9% $813m 8.05m +5.6% added WFC WELLS FARGO & CO Financial Services 5.0% $680m 12.27m −0.6% reduced The Swatch Group AG-BR no ticker – 4.0% $546m 1.15m −0.4% held BRK/B BERKSHIRE HATHAWAY INC DEL – 3.4% $472m 2.53m −0.9% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 3.2% $445m 1.99m −1.2% reduced MO ALTRIA GROUP INC Consumer Defensive 2.3% $315m 5.54m −1.7% reduced Diageo PLC no ticker – 2.1% $288m 8.01m −4.5% reduced JC Decaux SA ACT no ticker – 1.9% $258m 7.71m −0.3% held CMCSA COMCAST CORP NEW Communication Services 1.7% $232m 7.08m −0.6% reduced BF/A BROWN FORMAN CORP – 1.5% $210m 4.31m −0.2% held BF/B BROWN FORMAN CORP – 0.9% $130m 2.65m −6.1% reduced V VISA INC Financial Services 0.6% $82.7m 624,012 +9.6% added British American Tobacco PLC no ticker – 0.5% $63.4m 1.25m −76% reduced GOOG ALPHABET INC Communication Services 0.5% $63.3m 56,724 +2497% added DEO DIAGEO PLC Consumer Defensive 0.4% $58.0m 402,655 −3.0% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $17.7m 180,401 +10% added FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.1% $14.4m 163,977 +18% added Swedish Match AB no ticker – 0.09% $12.9m 259,683 −4.6% reduced EXMOC EXXON MOBIL CORP – 0.09% $12.8m 154,366 −1.4% reduced Danone ADR no ticker – 0.09% $12.4m 847,980 +18% added CR CRANE CO Industrials 0.07% $9.6m 119,843 −3.1% reduced OUT OUTFRONT MEDIA INC Real Estate 0.06% $8.9m 455,386 +34% added MKL MARKEL GROUP INC Financial Services 0.06% $8.8m 8,090 −1.1% reduced VMC VULCAN MATLS CO Basic Materials 0.05% $7.1m 54,855 +191% added MLKN MILLERKNOLL INC Consumer Cyclical 0.05% $6.6m 195,891 −0.7% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.04% $5.9m 158,601 −1.1% reduced KO COCA COLA CO Consumer Defensive 0.04% $5.3m 121,983 −1.4% reduced Anheuser-Busch InBev SA Restri no ticker – 0.04% $5.2m 51,983 0.0% held Heineken NV no ticker – 0.03% $4.6m 45,988 −2.7% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.9m 33,455 −0.3% held PG PROCTER & GAMBLE CO Consumer Defensive 0.03% $3.8m 48,842 −7.6% reduced DOV DOVER CORP Industrials 0.03% $3.8m 51,291 −1.0% reduced PEP PEPSICO INC Consumer Defensive 0.03% $3.5m 32,174 −4.2% reduced Nestle SA-REG no ticker – 0.02% $3.2m 41,000 0.0% held RDS/A ROYAL DUTCH SHELL PLC – 0.02% $3.2m 45,550 −3.6% reduced DOWDUPONT INC no ticker – 0.02% $3.1m 47,646 +0.3% held PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.8m 20,960 0.0% held Unilever NV no ticker – 0.02% $2.2m 39,000 0.0% held GOOGL ALPHABET INC Communication Services 0.02% $2.1m 1,871 0.0% held Reckitt Benckiser Group PLC no ticker – 0.02% $2.1m 25,147 −1.3% reduced Lindt & Spruengli AG - Reg no ticker – 0.01% $2.0m 27 0.0% held Heineken NV Spons ADR no ticker – 0.01% $2.0m 39,852 +31% added
Exited since Q1 2018 4 rows
Stock Prior weight Prior value A P Moller-Maersk A/S no ticker 0.0% $614k BTI BRITISH AMERN TOB PLC 0.0% $605k UNM UNUM GROUP 0.0% $214k Indivior PLC no ticker 0.0% $130k
Sector mix Unclassified 66.9% Financial Services 18.2% Consumer Defensive 9.1% Basic Materials 3.3% Communication Services 2.2% Industrials 0.1% Real Estate 0.07% Consumer Cyclical 0.05% Healthcare 0.02% Energy 0.01% Technology 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