Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2021Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2021 Gardner Russo & Quinn (Tom Russo) disclosed 88 US equity positions worth $11.8bn in its Q2 2021 13F filing. Its largest position is BRK/A at 11.1% of the reported book, followed by MA and Nestle SA-Spons ADR. Versus Q1 2021 it opened 2 new positions, added to 13, reduced 38 and exited 4.
$11.8bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
88 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.1% Largest position The largest single position as a share of the reported equity book.
75.6% Top 10 weight The ten largest positions together, as a share of the reported equity book.
15 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 2021: 2 new , 13 added , 38 reduced , 4 exited
50 of 88 Show all 88
Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 11.1% $1.3bn 3,145 −3.4% reduced MA MASTERCARD INC Financial Services 10.5% $1.2bn 3.41m −4.6% reduced Nestle SA-Spons ADR no ticker – 10.3% $1.2bn 9.78m −2.4% reduced GOOG ALPHABET INC Communication Services 8.4% $999m 398,721 −4.8% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 6.6% $783m 7.90m −2.6% reduced Compagnie Financiere Richemont no ticker – 6.6% $778m 6.42m −3.4% reduced Pernod Ricard no ticker – 6.4% $753m 3.39m −3.0% reduced Heineken Holding NV no ticker – 6.3% $745m 7.40m −2.9% reduced UNILEVER PLC no ticker – 4.8% $569m 9.73m −3.0% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 4.5% $537m 1.93m −2.7% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 3.7% $435m 1.24m −2.7% reduced JPM JPMORGAN CHASE & CO Financial Services 3.7% $434m 2.79m −9.5% reduced Anheuser-Busch InBev SA no ticker – 3.2% $380m 5.27m −4.6% reduced BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 2.8% $332m 1.46m +31% added CMCSA COMCAST CORP NEW Communication Services 2.6% $306m 5.36m −3.0% reduced BF/A BROWN FORMAN CORP – 1.7% $204m 2.90m −2.7% reduced Ashtead Group PLC no ticker – 1.6% $188m 2.54m +0.7% added CABO CABLE ONE INC Communication Services 1.5% $172m 89,855 +16% added V VISA INC Financial Services 0.8% $95.0m 406,354 −2.1% reduced BF/B BROWN FORMAN CORP – 0.8% $90.2m 1.20m +0.7% added WFC WELLS FARGO & CO Financial Services 0.4% $51.8m 1.14m −3.0% reduced MO ALTRIA GROUP INC Consumer Defensive 0.1% $15.7m 328,471 −2.7% reduced VMC VULCAN MATLS CO Basic Materials 0.1% $12.0m 68,812 +1.9% added Davide Campari-Milano NV no ticker – 0.10% $11.8m 882,086 −1.2% reduced Swedish Match AB no ticker – 0.10% $11.6m 1.36m – new EXMOC EXXON MOBIL CORP – 0.09% $11.1m 176,699 +0.4% held Compagnie Financiere Richemont no ticker – 0.08% $9.7m 14.40m −1.9% reduced MKL MARKEL GROUP INC Financial Services 0.07% $8.0m 6,702 −0.1% held CR CRANE CO Industrials 0.06% $7.6m 82,806 −0.9% reduced OUT OUTFRONT MEDIA INC Real Estate 0.06% $7.3m 305,504 −0.8% reduced AXP AMERICAN EXPRESS CO Financial Services 0.06% $7.2m 43,783 −1.8% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.06% $6.8m 142,971 0.0% held PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $5.7m 42,543 −0.1% held Nestle SA-REG no ticker – 0.04% $5.3m 42,370 0.0% held DOV DOVER CORP Industrials 0.04% $5.1m 34,132 −1.6% reduced Heineken NV no ticker – 0.04% $4.9m 40,166 0.0% held MKC MCCORMICK & CO INC Consumer Defensive 0.04% $4.3m 48,500 −3.0% reduced Carlsberg B A/S no ticker – 0.04% $4.2m 22,291 +2.2% added UNP UNION PACIFIC CORP Industrials 0.03% $3.8m 17,091 +0.4% held Anheuser-Busch InBev SA Restri no ticker – 0.03% $3.7m 51,578 0.0% held PEP PEPSICO INC Consumer Defensive 0.03% $3.4m 22,856 −0.8% reduced Loreal SA no ticker – 0.03% $3.1m 7,020 −4.7% reduced MLKN MILLERKNOLL INC Consumer Cyclical 0.02% $2.9m 61,921 −10% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.02% $2.8m 14,913 0.0% held Unilever PLC no ticker – 0.02% $2.7m 46,250 0.0% held GOOGL ALPHABET INC Communication Services 0.02% $2.6m 1,061 −1.5% reduced Eaton Vance Sr Income TR SF no ticker – 0.02% $2.6m 379,440 +5.1% added Swiss Helvetia FD Inc no ticker – 0.02% $2.2m 227,492 +1.4% added Danone ADR no ticker – 0.02% $2.1m 148,999 −3.8% reduced Lindt & Spruengli AG - Reg no ticker – 0.02% $2.1m 20 0.0% held
Exited since Q1 2021 4 rows
Stock Prior weight Prior value Swedish Match AB no ticker 0.10% $10.8m CC CHEMOURS CO 0.0% $232k Hostess Brands Inc Wts Exp 11/ no ticker 0.0% $116k Bollore no ticker 0.0% $65.0k
Sector mix Unclassified 58.0% Financial Services 15.6% Communication Services 12.5% Consumer Defensive 7.0% Basic Materials 3.8% Consumer Cyclical 2.8% Industrials 0.1% Real Estate 0.07% Healthcare 0.03% Technology 0.02% Energy 0.0% 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