Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2020Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2020 Gardner Russo & Quinn (Tom Russo) disclosed 86 US equity positions worth $10.3bn in its Q3 2020 13F filing. Its largest position is MA at 16.1% of the reported book, followed by Nestle SA-Spons ADR and BRK/A. Versus Q2 2020 it opened 3 new positions, added to 16, reduced 35 and exited 3.
$10.3bn 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.
16.1% Largest position The largest single position as a share of the reported equity book.
81.2% 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 Q2 2020: 3 new , 16 added , 35 reduced , 3 exited
50 of 86 Show all 86
Stock Sector Weight Value Shares Δ shares Action MA MASTERCARD INC Financial Services 16.1% $1.7bn 4.89m −9.5% reduced Nestle SA-Spons ADR no ticker – 12.8% $1.3bn 11.08m −3.9% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 11.1% $1.1bn 3,563 −1.4% reduced UNILEVER N V no ticker – 6.8% $705m 11.67m −3.4% reduced Pernod Ricard no ticker – 6.6% $680m 4.26m −3.8% reduced Heineken Holding NV no ticker – 6.3% $646m 8.29m −2.4% reduced GOOG ALPHABET INC Communication Services 6.2% $639m 435,045 +3.4% added PM PHILIP MORRIS INTL INC Consumer Defensive 6.0% $619m 8.25m 0.0% held Compagnie Financiere Richemont no ticker – 4.8% $496m 7.38m −5.0% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 4.4% $451m 2.12m +3.8% added JPM JPMORGAN CHASE & CO Financial Services 3.5% $364m 3.78m +4.3% added MLM MARTIN MARIETTA MATLS INC Basic Materials 3.4% $353m 1.50m −4.0% reduced Anheuser-Busch InBev SA no ticker – 3.2% $331m 6.11m +1.9% added CMCSA COMCAST CORP NEW Communication Services 2.2% $229m 4.95m −4.4% reduced BF/A BROWN FORMAN CORP – 2.2% $227m 3.31m −4.1% reduced BF/B BROWN FORMAN CORP – 1.0% $99.5m 1.32m −7.7% reduced V VISA INC Financial Services 0.9% $94.6m 472,931 −2.5% reduced WFC WELLS FARGO & CO Financial Services 0.4% $37.2m 1.58m −0.8% reduced DEO DIAGEO PLC Consumer Defensive 0.3% $26.2m 190,486 −14% reduced MO ALTRIA GROUP INC Consumer Defensive 0.1% $14.3m 369,452 −2.4% reduced Swedish Match AB no ticker – 0.1% $12.7m 154,765 −10% reduced Ashtead Group PLC no ticker – 0.1% $12.1m 334,995 +3729% added Davide Campari-Milano NV no ticker – 0.09% $9.6m 877,266 +0.8% added VMC VULCAN MATLS CO Basic Materials 0.09% $9.0m 66,279 −0.6% reduced AXP AMERICAN EXPRESS CO Financial Services 0.08% $8.0m 79,893 −28% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.07% $7.0m 144,171 −0.3% held MKL MARKEL GROUP INC Financial Services 0.07% $6.9m 7,127 0.0% held EXMOC EXXON MOBIL CORP – 0.06% $6.1m 178,324 −0.3% held PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $5.4m 39,129 −0.2% held MKC MCCORMICK & CO INC Consumer Defensive 0.05% $5.2m 26,771 −0.2% held Nestle SA-REG no ticker – 0.05% $5.0m 42,250 0.0% held CR CRANE CO Industrials 0.05% $4.6m 92,618 −3.3% reduced OUT OUTFRONT MEDIA INC Real Estate 0.04% $4.6m 315,591 −1.0% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.04% $4.3m 142,772 −8.9% reduced DOV DOVER CORP Industrials 0.04% $4.2m 39,160 −2.4% reduced Heineken NV no ticker – 0.04% $3.6m 40,588 0.0% held UNP UNION PACIFIC CORP Industrials 0.03% $3.3m 16,876 +0.4% held PEP PEPSICO INC Consumer Defensive 0.03% $3.3m 23,662 −0.1% held Anheuser-Busch InBev SA Restri no ticker – 0.03% $2.8m 51,578 0.0% held Unilever NV no ticker – 0.03% $2.8m 46,250 +19% added FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.03% $2.7m 48,332 −4.3% reduced KO COCA COLA CO Consumer Defensive 0.03% $2.6m 52,672 0.0% held Danone ADR no ticker – 0.02% $2.4m 185,318 −4.8% reduced Lindt & Spruengli AG - Reg no ticker – 0.02% $2.2m 25 0.0% held Loreal SA no ticker – 0.02% $2.1m 6,571 −3.7% reduced GOOGL ALPHABET INC Communication Services 0.02% $2.0m 1,334 −8.8% reduced COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.02% $1.9m 5,393 −0.5% held PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $1.9m 16,988 0.0% held Swiss Helvetia FD Inc no ticker – 0.02% $1.8m 217,561 – new Pernod-Ricard SA-Unspon ADR no ticker – 0.02% $1.6m 48,574 +1.3% added
Exited since Q2 2020 3 rows
Stock Prior weight Prior value Eaton Vance Sr Income TR SF no ticker 0.02% $1.6m BAC BANK OF AMER CORP 0.01% $1.2m Roche Holding AG no ticker 0.0% $220k
Sector mix Unclassified 60.0% Financial Services 21.1% Communication Services 8.5% Consumer Defensive 6.7% Basic Materials 3.5% Industrials 0.1% Real Estate 0.05% Consumer Cyclical 0.05% 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