Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2020Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2020 Gardner Russo & Quinn (Tom Russo) disclosed 92 US equity positions worth $11.0bn in its Q4 2020 13F filing. Its largest position is MA at 14.0% of the reported book, followed by Nestle SA-Spons ADR and BRK/A. Versus Q3 2020 it opened 8 new positions, added to 15, reduced 44 and exited 2.
$11.0bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
92 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
14.0% Largest position The largest single position as a share of the reported equity book.
78.8% Top 10 weight The ten largest positions together, as a share of the reported equity book.
13 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 2020: 8 new , 15 added , 44 reduced , 2 exited
50 of 92 Show all 92
Stock Sector Weight Value Shares Δ shares Action MA MASTERCARD INC Financial Services 14.0% $1.5bn 4.33m −11% reduced Nestle SA-Spons ADR no ticker – 11.1% $1.2bn 10.42m −6.0% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 10.8% $1.2bn 3,419 −4.0% reduced GOOG ALPHABET INC Communication Services 6.9% $757m 432,171 −0.7% reduced Heineken Holding NV no ticker – 6.8% $746m 7.91m −4.5% reduced Pernod Ricard no ticker – 6.8% $746m 3.89m −8.7% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 6.3% $696m 8.41m +1.9% added UNILEVER PLC no ticker – 6.1% $673m 11.16m – new Compagnie Financiere Richemont no ticker – 5.8% $635m 7.00m −5.1% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 4.3% $474m 2.04m −3.5% reduced JPM JPMORGAN CHASE & CO Financial Services 4.1% $456m 3.59m −4.9% reduced Anheuser-Busch InBev SA no ticker – 3.7% $411m 5.90m −3.4% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 3.6% $396m 1.40m −7.0% reduced CMCSA COMCAST CORP NEW Communication Services 2.7% $299m 5.71m +15% added BF/A BROWN FORMAN CORP – 2.0% $226m 3.07m −7.1% reduced BF/B BROWN FORMAN CORP – 0.9% $100m 1.26m −4.7% reduced V VISA INC Financial Services 0.9% $98.5m 450,194 −4.8% reduced CABO CABLE ONE INC Communication Services 0.7% $78.5m 35,246 +20880% added WFC WELLS FARGO & CO Financial Services 0.4% $44.5m 1.48m −6.8% reduced Ashtead Group PLC no ticker – 0.2% $25.5m 542,610 +62% added MO ALTRIA GROUP INC Consumer Defensive 0.1% $14.7m 359,729 −2.6% reduced Swedish Match AB no ticker – 0.1% $11.9m 152,839 −1.2% reduced Davide Campari-Milano NV no ticker – 0.10% $10.6m 927,711 +5.8% added DEO DIAGEO PLC Consumer Defensive 0.09% $10.4m 65,776 −65% reduced VMC VULCAN MATLS CO Basic Materials 0.09% $10.1m 68,370 +3.2% added AXP AMERICAN EXPRESS CO Financial Services 0.07% $8.0m 65,966 −17% reduced EXMOC EXXON MOBIL CORP – 0.07% $7.2m 175,439 −1.6% reduced CR CRANE CO Industrials 0.06% $7.0m 90,484 −2.3% reduced MKL MARKEL GROUP INC Financial Services 0.06% $7.0m 6,772 −5.0% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.06% $6.7m 144,071 −0.1% held OUT OUTFRONT MEDIA INC Real Estate 0.06% $6.3m 320,362 +1.5% added PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $5.2m 37,352 −4.5% reduced Nestle SA-REG no ticker – 0.05% $5.0m 42,370 +0.3% held MKC MCCORMICK & CO INC Consumer Defensive 0.04% $4.9m 51,492 +92% added DOV DOVER CORP Industrials 0.04% $4.6m 36,734 −6.2% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.04% $4.6m 137,056 −4.0% reduced Heineken NV no ticker – 0.04% $4.5m 40,588 0.0% held Compagnie Financiere Richemont no ticker – 0.03% $3.7m 14.13m – new Anheuser-Busch InBev SA Restri no ticker – 0.03% $3.6m 51,578 0.0% held UNP UNION PACIFIC CORP Industrials 0.03% $3.5m 16,949 +0.4% held Carlsberg B A/S no ticker – 0.03% $3.5m 22,006 +215% added PEP PEPSICO INC Consumer Defensive 0.03% $3.5m 23,562 −0.4% held Loreal SA no ticker – 0.03% $3.3m 8,711 +33% added FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.03% $3.1m 40,641 −16% reduced Unilever PLC no ticker – 0.03% $2.8m 46,250 – new KO COCA COLA CO Consumer Defensive 0.02% $2.6m 47,329 −10% reduced Lindt & Spruengli AG - Reg no ticker – 0.02% $2.5m 25 0.0% held PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.2m 14,938 −12% reduced Danone ADR no ticker – 0.02% $2.2m 167,422 −9.7% reduced GOOGL ALPHABET INC Communication Services 0.02% $2.2m 1,231 −7.7% reduced
Exited since Q3 2020 2 rows
Stock Prior weight Prior value UNILEVER N V no ticker 6.8% $705m Unilever NV no ticker 0.03% $2.8m
Sector mix Unclassified 59.2% Financial Services 19.6% Communication Services 10.3% Consumer Defensive 6.8% Basic Materials 3.7% Industrials 0.1% Real Estate 0.06% 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