Funds › Gardner Russo & Quinn (Tom Russo) › Q1 2019Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2019 Gardner Russo & Quinn (Tom Russo) disclosed 93 US equity positions worth $12.9bn in its Q1 2019 13F filing. Its largest position is MA at 13.6% of the reported book, followed by Nestle SA-Spons ADR and BRK/A. Versus Q4 2018 it opened 8 new positions, added to 11, reduced 49 and exited 3.
$12.9bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
93 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.6% Largest position The largest single position as a share of the reported equity book.
77.1% 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 Q4 2018: 8 new , 11 added , 49 reduced , 3 exited
50 of 93 Show all 93
Stock Sector Weight Value Shares Δ shares Action MA MASTERCARD INC Financial Services 13.6% $1.8bn 7.44m −7.9% reduced Nestle SA-Spons ADR no ticker – 10.2% $1.3bn 13.84m −7.1% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 9.6% $1.2bn 4,098 −7.2% reduced Heineken Holding NV no ticker – 7.5% $969m 9.66m −6.3% reduced Pernod Ricard no ticker – 7.3% $944m 5.25m −6.8% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 6.6% $851m 9.62m −4.0% reduced Compagnie Financiere Richemont no ticker – 6.2% $794m 10.90m −5.0% reduced UNILEVER N V no ticker – 6.0% $776m 13.31m −7.1% reduced Anheuser-Busch InBev SA no ticker – 5.3% $676m 8.05m +3.3% added WFC WELLS FARGO & CO Financial Services 4.7% $611m 12.65m −5.2% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 3.8% $486m 2.42m −2.7% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 2.9% $373m 1.85m −4.7% reduced The Swatch Group AG-BR no ticker – 2.6% $333m 1.16m −2.6% reduced MO ALTRIA GROUP INC Consumer Defensive 2.3% $294m 5.11m −4.1% reduced Diageo PLC no ticker – 2.0% $256m 6.25m −18% reduced CMCSA COMCAST CORP NEW Communication Services 2.0% $251m 6.29m −7.3% reduced JC Decaux SA ACT no ticker – 1.6% $210m 6.91m −4.5% reduced BF/A BROWN FORMAN CORP – 1.6% $207m 4.05m −3.9% reduced GOOG ALPHABET INC Communication Services 0.9% $109m 93,319 +0.8% added BF/B BROWN FORMAN CORP – 0.8% $106m 2.01m −17% reduced V VISA INC Financial Services 0.6% $81.2m 520,170 −11% reduced DEO DIAGEO PLC Consumer Defensive 0.4% $56.2m 343,801 −5.6% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $15.8m 144,814 −12% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.10% $12.7m 137,134 −10% reduced Swedish Match AB no ticker – 0.10% $12.4m 242,790 −1.1% reduced EXMOC EXXON MOBIL CORP – 0.09% $12.2m 151,284 −0.2% held CR CRANE CO Industrials 0.07% $8.7m 102,593 −4.1% reduced Danone ADR no ticker – 0.07% $8.6m 557,639 −24% reduced OUT OUTFRONT MEDIA INC Real Estate 0.06% $8.0m 341,359 −17% reduced MKL MARKEL GROUP INC Financial Services 0.06% $7.7m 7,769 −1.9% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.05% $6.9m 153,493 −1.2% reduced VMC VULCAN MATLS CO Basic Materials 0.05% $6.4m 54,163 +0.7% added MLKN MILLERKNOLL INC Consumer Cyclical 0.05% $6.2m 176,716 −3.5% reduced KO COCA COLA CO Consumer Defensive 0.04% $5.2m 110,999 −5.1% reduced Heineken NV no ticker – 0.04% $4.9m 45,988 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.03% $4.5m 42,780 −6.0% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.03% $4.4m 29,480 −4.5% reduced Anheuser-Busch InBev SA Restri no ticker – 0.03% $4.4m 51,983 0.0% held DOV DOVER CORP Industrials 0.03% $4.1m 43,776 −2.0% reduced Nestle SA-REG no ticker – 0.03% $3.9m 41,054 +0.1% held PEP PEPSICO INC Consumer Defensive 0.03% $3.3m 26,667 −4.5% reduced DOWDUPONT INC no ticker – 0.02% $2.5m 46,686 −2.2% reduced Unilever NV no ticker – 0.02% $2.3m 39,105 +0.3% held RDS/A ROYAL DUTCH SHELL PLC – 0.02% $2.2m 35,595 −8.6% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.2m 17,568 −3.3% reduced GOOGL ALPHABET INC Communication Services 0.02% $2.2m 1,830 +0.9% added Lindt & Spruengli AG - Reg no ticker – 0.02% $2.0m 26 0.0% held BIC no ticker – 0.02% $2.0m 22,215 +0.7% added Reckitt Benckiser Group PLC no ticker – 0.01% $1.9m 22,807 −3.9% reduced FULT FULTON FINL CORP PA Financial Services 0.01% $1.8m 119,154 −0.8% reduced
Exited since Q4 2018 3 rows
Stock Prior weight Prior value KHC KRAFT HEINZ CO 0.01% $1.0m APY1USD APERGY CORP 0.0% $318k YUSD ALLEGHANY CORP DEL 0.0% $202k
Sector mix Unclassified 65.1% Financial Services 19.2% Consumer Defensive 9.6% Basic Materials 2.9% Communication Services 2.8% Industrials 0.1% Real Estate 0.07% Consumer Cyclical 0.06% 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