Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2019Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2019 Gardner Russo & Quinn (Tom Russo) disclosed 94 US equity positions worth $12.8bn in its Q3 2019 13F filing. Its largest position is MA at 14.1% of the reported book, followed by Nestle SA-Spons ADR and BRK/A. Versus Q2 2019 it opened 1 new position, added to 9, reduced 48 and exited 3.
$12.8bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
94 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
14.1% Largest position The largest single position as a share of the reported equity book.
76.6% 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 Q2 2019: 1 new , 9 added , 48 reduced , 3 exited
50 of 94 Show all 94
Stock Sector Weight Value Shares Δ shares Action MA MASTERCARD INC Financial Services 14.1% $1.8bn 6.67m −3.5% reduced Nestle SA-Spons ADR no ticker – 11.0% $1.4bn 13.04m −2.6% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 9.5% $1.2bn 3,926 −1.9% reduced Heineken Holding NV no ticker – 7.1% $911m 9.15m −2.4% reduced Pernod Ricard no ticker – 6.8% $880m 4.94m −2.5% reduced Compagnie Financiere Richemont no ticker – 6.0% $765m 10.41m −2.6% reduced UNILEVER N V no ticker – 5.9% $759m 12.64m −1.8% reduced Anheuser-Busch InBev SA no ticker – 5.7% $737m 7.74m −2.2% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 5.4% $690m 9.08m −2.5% reduced WFC WELLS FARGO & CO Financial Services 5.0% $645m 12.78m +1.2% added MLM MARTIN MARIETTA MATLS INC Basic Materials 3.7% $476m 1.74m −3.2% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 3.7% $471m 2.26m −3.0% reduced GOOG ALPHABET INC Communication Services 2.4% $311m 255,378 +31% added The Swatch Group AG-BR no ticker – 2.2% $289m 1.09m −2.8% reduced CMCSA COMCAST CORP NEW Communication Services 2.1% $266m 5.91m −2.5% reduced BF/A BROWN FORMAN CORP – 1.8% $232m 3.88m −1.6% reduced Diageo PLC no ticker – 1.8% $229m 5.57m −2.7% reduced JC Decaux SA ACT no ticker – 1.4% $177m 6.54m −2.4% reduced MO ALTRIA GROUP INC Consumer Defensive 1.0% $134m 3.29m −34% reduced BF/B BROWN FORMAN CORP – 0.9% $113m 1.80m −4.8% reduced V VISA INC Financial Services 0.7% $86.4m 502,580 −2.0% reduced DEO DIAGEO PLC Consumer Defensive 0.3% $38.6m 235,970 −2.2% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $16.3m 137,557 −1.3% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.09% $12.0m 130,605 −1.2% reduced EXMOC EXXON MOBIL CORP – 0.08% $10.5m 148,974 −1.3% reduced OUT OUTFRONT MEDIA INC Real Estate 0.07% $9.1m 328,187 +0.3% held MKL MARKEL GROUP INC Financial Services 0.07% $9.0m 7,577 −1.4% reduced Swedish Match AB no ticker – 0.07% $8.9m 216,025 −3.2% reduced Danone ADR no ticker – 0.07% $8.8m 497,613 −0.6% reduced VMC VULCAN MATLS CO Basic Materials 0.07% $8.7m 57,292 +3.1% added CR CRANE CO Industrials 0.06% $8.0m 98,643 −1.0% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.06% $7.8m 168,781 −2.8% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.05% $6.6m 151,668 −1.1% reduced KO COCA COLA CO Consumer Defensive 0.04% $5.7m 105,567 −0.4% held Heineken NV no ticker – 0.04% $4.9m 45,738 −0.5% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.04% $4.8m 38,837 −1.1% reduced Anheuser-Busch InBev SA Restri no ticker – 0.04% $4.7m 49,357 0.0% held Nestle SA-REG no ticker – 0.04% $4.6m 42,250 0.0% held MKC MCCORMICK & CO INC Consumer Defensive 0.03% $4.5m 28,750 −0.8% reduced DOV DOVER CORP Industrials 0.03% $4.2m 42,265 −2.8% reduced PEP PEPSICO INC Consumer Defensive 0.03% $3.5m 25,745 −2.0% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.4m 17,463 −0.2% held Unilever NV no ticker – 0.02% $2.3m 39,000 0.0% held GOOGL ALPHABET INC Communication Services 0.02% $2.3m 1,844 0.0% held Lindt & Spruengli AG - Reg no ticker – 0.02% $2.2m 26 0.0% held RDS/A ROYAL DUTCH SHELL PLC – 0.02% $2.0m 33,165 −1.3% reduced FULT FULTON FINL CORP PA Financial Services 0.01% $1.9m 117,524 0.0% held Eaton Vance Sr Income TR SF no ticker – 0.01% $1.8m 297,240 −1.6% reduced Reckitt Benckiser Group PLC no ticker – 0.01% $1.6m 20,417 −9.6% reduced Loreal SA no ticker – 0.01% $1.6m 5,591 +11% added
Exited since Q2 2019 3 rows
Stock Prior weight Prior value BUD ANHEUSER BUSCH INBEV SA NV 0.0% $371k USB US BANCORP 0.0% $226k BP BP PLC 0.0% $213k
Sector mix Unclassified 64.3% Financial Services 20.1% Consumer Defensive 7.0% Communication Services 4.5% Basic Materials 3.8% Industrials 0.10% Real Estate 0.08% Consumer Cyclical 0.07% Healthcare 0.02% Technology 0.01% Energy 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