Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2019Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2019 Gardner Russo & Quinn (Tom Russo) disclosed 96 US equity positions worth $13.2bn in its Q2 2019 13F filing. Its largest position is MA at 13.9% of the reported book, followed by Nestle SA-Spons ADR and BRK/A. Versus Q1 2019 it opened 8 new positions, added to 8, reduced 46 and exited 5.
$13.2bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
96 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.9% Largest position The largest single position as a share of the reported equity book.
77.0% 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 Q1 2019: 8 new , 8 added , 46 reduced , 5 exited
50 of 96 Show all 96
Stock Sector Weight Value Shares Δ shares Action MA MASTERCARD INC Financial Services 13.9% $1.8bn 6.91m −7.0% reduced Nestle SA-Spons ADR no ticker – 10.5% $1.4bn 13.38m −3.3% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 9.7% $1.3bn 4,002 −2.3% reduced Heineken Holding NV no ticker – 7.5% $985m 9.37m −3.0% reduced Pernod Ricard no ticker – 7.1% $935m 5.07m −3.6% reduced Compagnie Financiere Richemont no ticker – 6.9% $908m 10.69m −2.0% reduced UNILEVER N V no ticker – 5.9% $782m 12.87m −3.3% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 5.6% $732m 9.32m −3.2% reduced Anheuser-Busch InBev SA no ticker – 5.3% $701m 7.91m −1.8% reduced WFC WELLS FARGO & CO Financial Services 4.5% $598m 12.64m −0.1% held BRK/B BERKSHIRE HATHAWAY INC DEL – 3.8% $497m 2.33m −3.5% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 3.1% $413m 1.79m −3.2% reduced The Swatch Group AG-BR no ticker – 2.4% $321m 1.12m −3.9% reduced CMCSA COMCAST CORP NEW Communication Services 1.9% $256m 6.05m −3.7% reduced Diageo PLC no ticker – 1.9% $247m 5.72m −8.4% reduced MO ALTRIA GROUP INC Consumer Defensive 1.8% $236m 4.99m −2.4% reduced BF/A BROWN FORMAN CORP – 1.6% $217m 3.94m −2.7% reduced GOOG ALPHABET INC Communication Services 1.6% $211m 195,534 +110% added JC Decaux SA ACT no ticker – 1.5% $203m 6.70m −3.0% reduced BF/B BROWN FORMAN CORP – 0.8% $105m 1.89m −5.7% reduced V VISA INC Financial Services 0.7% $89.0m 512,994 −1.4% reduced DEO DIAGEO PLC Consumer Defensive 0.3% $41.6m 241,341 −30% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $17.2m 139,430 −3.7% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.10% $12.8m 132,167 −3.6% reduced EXMOC EXXON MOBIL CORP – 0.09% $11.6m 150,932 −0.2% held Swedish Match AB no ticker – 0.07% $9.4m 223,070 −8.1% reduced Danone ADR no ticker – 0.06% $8.5m 500,743 −10% reduced OUT OUTFRONT MEDIA INC Real Estate 0.06% $8.4m 327,337 −4.1% reduced MKL MARKEL GROUP INC Financial Services 0.06% $8.4m 7,684 −1.1% reduced CR CRANE CO Industrials 0.06% $8.3m 99,643 −2.9% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.06% $7.8m 173,716 −1.7% reduced VMC VULCAN MATLS CO Basic Materials 0.06% $7.6m 55,587 +2.6% added HRL HORMEL FOODS CORP Consumer Defensive 0.05% $6.2m 153,293 −0.1% held KO COCA COLA CO Consumer Defensive 0.04% $5.4m 106,017 −4.5% reduced Heineken NV no ticker – 0.04% $5.1m 45,988 0.0% held MKC MCCORMICK & CO INC Consumer Defensive 0.03% $4.5m 28,975 −1.7% reduced Nestle SA-REG no ticker – 0.03% $4.4m 42,250 +2.9% added Anheuser-Busch InBev SA Restri no ticker – 0.03% $4.4m 49,357 −5.1% reduced DOV DOVER CORP Industrials 0.03% $4.4m 43,501 −0.6% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.03% $4.3m 39,278 −8.2% reduced PEP PEPSICO INC Consumer Defensive 0.03% $3.4m 26,276 −1.5% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.4m 17,496 −0.4% held Unilever NV no ticker – 0.02% $2.4m 39,000 – new RDS/A ROYAL DUTCH SHELL PLC – 0.02% $2.2m 33,615 −5.6% reduced Lindt & Spruengli AG - Reg no ticker – 0.02% $2.1m 26 0.0% held GOOGL ALPHABET INC Communication Services 0.02% $2.0m 1,844 +0.8% added FULT FULTON FINL CORP PA Financial Services 0.01% $1.9m 117,524 −1.4% reduced Eaton Vance Sr Income TR SF no ticker – 0.01% $1.9m 302,095 +0.9% added Reckitt Benckiser Group PLC no ticker – 0.01% $1.8m 22,592 −0.9% reduced BIC no ticker – 0.01% $1.7m 21,815 −1.8% reduced
Exited since Q1 2019 5 rows
Stock Prior weight Prior value DOWDUPONT INC no ticker 0.02% $2.5m Unilever NV no ticker 0.02% $2.3m CC CHEMOURS CO 0.0% $238k MMM 3M CO 0.0% $237k IBM INTERNATIONAL BUSINESS MACHS 0.0% $213k
Sector mix Unclassified 65.6% Financial Services 19.4% Consumer Defensive 8.0% Communication Services 3.6% Basic Materials 3.2% Industrials 0.10% Real Estate 0.07% Consumer Cyclical 0.07% 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