Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2019Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2019 Gardner Russo & Quinn (Tom Russo) disclosed 93 US equity positions worth $13.0bn in its Q4 2019 13F filing. Its largest position is MA at 14.6% of the reported book, followed by Nestle SA-Spons ADR and BRK/A. Versus Q3 2019 it opened 3 new positions, added to 8, reduced 55 and exited 4.
$13.0bn 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.
14.6% Largest position The largest single position as a share of the reported equity book.
75.9% 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 2019: 3 new , 8 added , 55 reduced , 4 exited
50 of 93 Show all 93
Stock Sector Weight Value Shares Δ shares Action MA MASTERCARD INC Financial Services 14.6% $1.9bn 6.38m −4.4% reduced Nestle SA-Spons ADR no ticker – 10.6% $1.4bn 12.76m −2.1% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 10.0% $1.3bn 3,850 −1.9% reduced Heineken Holding NV no ticker – 6.7% $872m 8.99m −1.7% reduced Pernod Ricard no ticker – 6.6% $867m 4.84m −1.9% reduced Compagnie Financiere Richemont no ticker – 6.1% $798m 10.16m −2.4% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 5.8% $754m 8.86m −2.4% reduced UNILEVER N V no ticker – 5.5% $711m 12.37m −2.1% reduced WFC WELLS FARGO & CO Financial Services 5.2% $680m 12.64m −1.1% reduced Anheuser-Busch InBev SA no ticker – 4.7% $618m 7.57m −2.1% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 3.8% $500m 2.21m −2.5% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 3.6% $472m 1.69m −2.9% reduced GOOG ALPHABET INC Communication Services 3.2% $418m 312,829 +22% added The Swatch Group AG-BR no ticker – 2.2% $291m 1.04m −3.9% reduced CMCSA COMCAST CORP NEW Communication Services 2.0% $260m 5.78m −2.1% reduced BF/A BROWN FORMAN CORP – 1.8% $235m 3.74m −3.7% reduced Diageo PLC no ticker – 1.8% $230m 5.43m −2.6% reduced JC Decaux SA ACT no ticker – 1.5% $196m 6.35m −3.0% reduced BF/B BROWN FORMAN CORP – 0.9% $116m 1.72m −4.5% reduced MO ALTRIA GROUP INC Consumer Defensive 0.9% $111m 2.22m −32% reduced V VISA INC Financial Services 0.7% $93.0m 495,011 −1.5% reduced DEO DIAGEO PLC Consumer Defensive 0.3% $39.1m 232,405 −1.5% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $16.4m 131,870 −4.1% reduced EXMOC EXXON MOBIL CORP – 0.08% $10.2m 146,062 −2.0% reduced Swedish Match AB no ticker – 0.08% $10.1m 195,800 −9.4% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.08% $10.1m 106,688 −18% reduced MKL MARKEL GROUP INC Financial Services 0.07% $8.6m 7,527 −0.7% reduced OUT OUTFRONT MEDIA INC Real Estate 0.07% $8.5m 317,032 −3.4% reduced CR CRANE CO Industrials 0.06% $8.3m 96,493 −2.2% reduced VMC VULCAN MATLS CO Basic Materials 0.06% $8.2m 56,659 −1.1% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.05% $6.9m 166,481 −1.4% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.05% $6.8m 150,805 −0.6% reduced Danone ADR no ticker – 0.04% $5.6m 334,718 −33% reduced KO COCA COLA CO Consumer Defensive 0.04% $5.5m 100,254 −5.0% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.04% $4.9m 28,700 −0.2% held DOV DOVER CORP Industrials 0.04% $4.8m 42,065 −0.5% held PG PROCTER & GAMBLE CO Consumer Defensive 0.04% $4.7m 38,025 −2.1% reduced Nestle SA-REG no ticker – 0.04% $4.6m 42,250 0.0% held Heineken NV no ticker – 0.03% $4.3m 40,588 −11% reduced Anheuser-Busch InBev SA Restri no ticker – 0.03% $4.0m 49,357 0.0% held PEP PEPSICO INC Consumer Defensive 0.03% $3.3m 24,068 −6.5% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.7m 16,988 −2.7% reduced GOOGL ALPHABET INC Communication Services 0.02% $2.4m 1,818 −1.4% reduced Lindt & Spruengli AG - Reg no ticker – 0.02% $2.3m 26 0.0% held Unilever NV no ticker – 0.02% $2.2m 39,000 0.0% held FULT FULTON FINL CORP PA Financial Services 0.02% $2.0m 117,274 −0.2% held Eaton Vance Sr Income TR SF no ticker – 0.01% $1.9m 300,315 +1.0% added RDS/A ROYAL DUTCH SHELL PLC – 0.01% $1.8m 29,966 −9.6% reduced BAC BANK OF AMER CORP Financial Services 0.01% $1.7m 48,975 0.0% held Reckitt Benckiser Group PLC no ticker – 0.01% $1.6m 19,180 −6.1% reduced
Exited since Q3 2019 4 rows
Stock Prior weight Prior value BBTUSD BB&T CORP 0.0% $547k Heineken Holding NV ADR no ticker 0.0% $320k Groupe Danone no ticker 0.0% $282k PZ Cussons PLC no ticker 0.0% $37.0k
Sector mix Unclassified 62.8% Financial Services 20.8% Consumer Defensive 7.2% Communication Services 5.2% Basic Materials 3.7% Industrials 0.1% Real Estate 0.07% Consumer Cyclical 0.06% 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