Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2020Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2020 Gardner Russo & Quinn (Tom Russo) disclosed 86 US equity positions worth $9.8bn in its Q2 2020 13F filing. Its largest position is MA at 16.2% of the reported book, followed by Nestle SA-Spons ADR and BRK/A. Versus Q1 2020 it opened 8 new positions, added to 22, reduced 38 and exited 6.
$9.8bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
86 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.2% Largest position The largest single position as a share of the reported equity book.
80.3% Top 10 weight The ten largest positions together, as a share of the reported equity book.
12 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 2020: 8 new , 22 added , 38 reduced , 6 exited
50 of 86 Show all 86
Stock Sector Weight Value Shares Δ shares Action MA MASTERCARD INC Financial Services 16.2% $1.6bn 5.41m −9.5% reduced Nestle SA-Spons ADR no ticker – 12.9% $1.3bn 11.53m −6.7% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 9.8% $966m 3,613 −4.3% reduced Pernod Ricard no ticker – 7.1% $697m 4.43m −6.9% reduced Heineken Holding NV no ticker – 7.1% $694m 8.49m −4.0% reduced UNILEVER N V no ticker – 6.5% $643m 12.08m −2.0% reduced GOOG ALPHABET INC Communication Services 6.0% $595m 420,742 +6.8% added PM PHILIP MORRIS INTL INC Consumer Defensive 5.9% $578m 8.25m −3.4% reduced Compagnie Financiere Richemont no ticker – 5.0% $496m 7.77m −6.9% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 3.7% $364m 2.04m −4.0% reduced JPM JPMORGAN CHASE & CO Financial Services 3.5% $340m 3.62m −5.6% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 3.3% $323m 1.56m −5.2% reduced Anheuser-Busch InBev SA no ticker – 3.0% $295m 5.99m −24% reduced CMCSA COMCAST CORP NEW Communication Services 2.1% $202m 5.18m −7.7% reduced BF/A BROWN FORMAN CORP – 2.0% $198m 3.45m −6.5% reduced Diageo PLC no ticker – 1.6% $159m 4.81m −9.1% reduced V VISA INC Financial Services 1.0% $93.7m 484,822 −5.5% reduced BF/B BROWN FORMAN CORP – 0.9% $91.2m 1.43m −12% reduced WFC WELLS FARGO & CO Financial Services 0.4% $40.8m 1.60m +6.6% added DEO DIAGEO PLC Consumer Defensive 0.3% $29.9m 222,559 −2.1% reduced MO ALTRIA GROUP INC Consumer Defensive 0.2% $14.9m 378,473 +1.2% added Swedish Match AB no ticker – 0.1% $12.1m 172,315 −5.4% reduced AXP AMERICAN EXPRESS CO Financial Services 0.1% $10.6m 111,548 −8.3% reduced EXMOC EXXON MOBIL CORP – 0.08% $8.0m 178,864 +22% added VMC VULCAN MATLS CO Basic Materials 0.08% $7.7m 66,650 −6.4% reduced Davide Campari-Milano NV no ticker – 0.07% $7.3m 870,050 – new HRL HORMEL FOODS CORP Consumer Defensive 0.07% $7.0m 144,671 −1.0% reduced MKL MARKEL GROUP INC Financial Services 0.07% $6.6m 7,127 −4.0% reduced CR CRANE CO Industrials 0.06% $5.7m 95,768 0.0% held MKC MCCORMICK & CO INC Consumer Defensive 0.05% $4.8m 26,821 −1.2% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $4.7m 39,191 +4.3% added Nestle SA-REG no ticker – 0.05% $4.7m 42,250 0.0% held OUT OUTFRONT MEDIA INC Real Estate 0.05% $4.5m 318,810 −8.3% reduced DOV DOVER CORP Industrials 0.04% $3.9m 40,135 −2.3% reduced Heineken NV no ticker – 0.04% $3.7m 40,588 0.0% held MLKN MILLERKNOLL INC Consumer Cyclical 0.04% $3.7m 156,731 −4.4% reduced FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.03% $3.1m 50,499 −39% reduced PEP PEPSICO INC Consumer Defensive 0.03% $3.1m 23,675 +0.9% added UNP UNION PACIFIC CORP Industrials 0.03% $2.8m 16,802 +995% added Danone ADR no ticker – 0.03% $2.7m 194,640 −35% reduced Anheuser-Busch InBev SA Restri no ticker – 0.03% $2.5m 51,578 +4.5% added KO COCA COLA CO Consumer Defensive 0.02% $2.4m 52,672 −34% reduced Loreal SA no ticker – 0.02% $2.2m 6,821 +18% added Lindt & Spruengli AG - Reg no ticker – 0.02% $2.1m 25 0.0% held GOOGL ALPHABET INC Communication Services 0.02% $2.1m 1,463 −16% reduced Unilever NV no ticker – 0.02% $2.1m 39,000 0.0% held PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $1.8m 16,988 0.0% held Heineken NV Spons ADR no ticker – 0.02% $1.7m 36,647 +22% added COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.02% $1.6m 5,419 +7.8% added Eaton Vance Sr Income TR SF no ticker – 0.02% $1.6m 306,404 −2.8% reduced
Exited since Q1 2020 6 rows
Stock Prior weight Prior value The Swatch Group AG-BR no ticker 2.1% $203m Davide Campari-Milano SPA no ticker 0.03% $2.5m The Swatch Group AG ADR no ticker 0.0% $343k ORLY OREILLY AUTOMOTIVE INC 0.0% $301k Pargesa Holding AG - B no ticker 0.0% $254k COTY COTY INC 0.0% $69.0k
Sector mix Unclassified 60.3% Financial Services 21.3% Communication Services 8.1% Consumer Defensive 6.6% Basic Materials 3.4% Industrials 0.1% Real Estate 0.05% Consumer Cyclical 0.04% Healthcare 0.03% Technology 0.02% 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