Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2018Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2018 Gardner Russo & Quinn (Tom Russo) disclosed 88 US equity positions worth $12.0bn in its Q4 2018 13F filing. Its largest position is MA at 12.7% of the reported book, followed by BRK/A and Nestle SA-Spons ADR. Versus Q3 2018 it opened 2 new positions, added to 6, reduced 48 and exited 9.
$12.0bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
88 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.7% Largest position The largest single position as a share of the reported equity book.
76.2% Top 10 weight The ten largest positions together, as a share of the reported equity book.
14 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 2018: 2 new , 6 added , 48 reduced , 9 exited
50 of 88 Show all 88
Stock Sector Weight Value Shares Δ shares Action MA MASTERCARD INC Financial Services 12.7% $1.5bn 8.08m −3.3% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 11.2% $1.4bn 4,417 −3.0% reduced Nestle SA-Spons ADR no ticker – 10.0% $1.2bn 14.90m −3.2% reduced Pernod Ricard no ticker – 7.7% $924m 5.64m −3.6% reduced Heineken Holding NV no ticker – 7.2% $870m 10.31m −2.6% reduced UNILEVER N V no ticker – 6.4% $771m 14.32m −2.7% reduced Compagnie Financiere Richemont no ticker – 6.1% $733m 11.48m −1.4% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 5.6% $669m 10.02m −2.7% reduced WFC WELLS FARGO & CO Financial Services 5.1% $615m 13.34m −0.3% held Anheuser-Busch InBev SA no ticker – 4.3% $514m 7.80m −3.2% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 4.2% $507m 2.49m −2.6% reduced The Swatch Group AG-BR no ticker – 2.9% $347m 1.19m −0.2% held MLM MARTIN MARIETTA MATLS INC Basic Materials 2.8% $334m 1.94m −2.1% reduced Diageo PLC no ticker – 2.2% $270m 7.58m −4.1% reduced MO ALTRIA GROUP INC Consumer Defensive 2.2% $263m 5.33m −2.1% reduced CMCSA COMCAST CORP NEW Communication Services 1.9% $231m 6.78m −3.2% reduced JC Decaux SA ACT no ticker – 1.7% $203m 7.23m −5.1% reduced BF/A BROWN FORMAN CORP – 1.7% $200m 4.22m −1.8% reduced BF/B BROWN FORMAN CORP – 1.0% $115m 2.42m −3.7% reduced GOOG ALPHABET INC Communication Services 0.8% $95.9m 92,570 +61% added V VISA INC Financial Services 0.6% $77.1m 584,461 −5.2% reduced DEO DIAGEO PLC Consumer Defensive 0.4% $51.6m 364,056 −6.8% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $15.6m 163,749 −7.7% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.1% $13.2m 152,995 −5.8% reduced EXMOC EXXON MOBIL CORP – 0.09% $10.3m 151,616 −2.2% reduced Danone ADR no ticker – 0.09% $10.3m 731,449 −12% reduced Swedish Match AB no ticker – 0.08% $9.7m 245,445 −5.0% reduced MKL MARKEL GROUP INC Financial Services 0.07% $8.2m 7,920 −1.0% reduced CR CRANE CO Industrials 0.06% $7.7m 106,993 −8.2% reduced OUT OUTFRONT MEDIA INC Real Estate 0.06% $7.4m 410,326 −10% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.06% $6.6m 155,373 −2.9% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.05% $5.5m 183,216 −3.7% reduced KO COCA COLA CO Consumer Defensive 0.05% $5.5m 116,923 −2.0% reduced VMC VULCAN MATLS CO Basic Materials 0.04% $5.3m 53,800 −2.9% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.04% $4.3m 30,855 −5.9% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.03% $4.2m 45,511 −4.1% reduced Heineken NV no ticker – 0.03% $4.1m 45,988 0.0% held Anheuser-Busch InBev SA Restri no ticker – 0.03% $3.4m 51,983 0.0% held Nestle SA-REG no ticker – 0.03% $3.3m 41,000 0.0% held DOV DOVER CORP Industrials 0.03% $3.2m 44,691 −11% reduced PEP PEPSICO INC Consumer Defensive 0.03% $3.1m 27,921 −13% reduced DOWDUPONT INC no ticker – 0.02% $2.6m 47,724 +0.2% held RDS/A ROYAL DUTCH SHELL PLC – 0.02% $2.3m 38,945 −2.8% reduced BIC no ticker – 0.02% $2.2m 22,055 0.0% held PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.1m 18,168 −7.2% reduced Unilever NV no ticker – 0.02% $2.1m 39,000 0.0% held Lindt & Spruengli AG - Reg no ticker – 0.02% $1.9m 26 0.0% held GOOGL ALPHABET INC Communication Services 0.02% $1.9m 1,813 −3.1% reduced FULT FULTON FINL CORP PA Financial Services 0.02% $1.9m 120,154 0.0% held Reckitt Benckiser Group PLC no ticker – 0.02% $1.8m 23,732 −4.0% reduced
Exited since Q3 2018 Sector mix Unclassified 67.0% Financial Services 18.7% Consumer Defensive 8.5% Basic Materials 2.8% Communication Services 2.7% Industrials 0.09% 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