Funds › Gardner Russo & Quinn (Tom Russo) › Q1 2023Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2023 Gardner Russo & Quinn (Tom Russo) disclosed 84 US equity positions worth $9.6bn in its Q1 2023 13F filing. Its largest position is BRK/A at 12.5% of the reported book, followed by Nestle SA Sponsored ADR and MA. Versus Q4 2022 it opened 2 new positions, added to 14, reduced 39 and exited 1.
$9.6bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
84 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.5% Largest position The largest single position as a share of the reported equity book.
80.6% 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 Q4 2022: 2 new , 14 added , 39 reduced , 1 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 12.5% $1.2bn 2,579 −0.8% reduced Nestle SA Sponsored ADR no ticker – 10.3% $997m 8.19m −0.9% reduced MA MASTERCARD INC Financial Services 9.3% $899m 2.47m −0.9% reduced Compagnie Financiere Richemont no ticker – 9.2% $882m 5.52m −1.8% reduced GOOG ALPHABET INC Communication Services 9.1% $876m 8.43m +6.2% added Heineken Holding NV no ticker – 7.8% $753m 8.20m −0.6% reduced Pernod Ricard no ticker – 6.9% $663m 2.93m −0.4% held PM PHILIP MORRIS INTL INC Consumer Defensive 6.5% $625m 6.43m −0.4% held BRK/B BERKSHIRE HATHAWAY INC DEL – 5.3% $507m 1.64m −1.1% reduced NFLX NETFLIX INC. Communication Services 3.8% $368m 1.07m −0.5% held MLM MARTIN MARIETTA MATLS INC Basic Materials 3.7% $356m 1.00m −0.9% reduced Ashtead Group PLC no ticker – 3.3% $317m 5.17m −0.4% held JPM JPMORGAN CHASE & CO Financial Services 2.5% $237m 1.82m −1.4% reduced UNILEVER PLC no ticker – 2.3% $221m 4.25m −22% reduced BF/A BROWN FORMAN CORP – 1.7% $160m 2.45m −1.1% reduced CMCSA COMCAST CORP NEW Communication Services 1.5% $143m 3.76m −1.3% reduced V VISA INC Financial Services 0.8% $76.9m 341,089 −1.6% reduced BF/B BROWN FORMAN CORP – 0.7% $63.7m 991,720 −0.7% reduced CABO CABLE ONE INC Communication Services 0.7% $63.3m 90,219 +0.7% added Anheuser-Busch InBev SA no ticker – 0.4% $39.1m 586,839 −4.1% reduced WFC WELLS FARGO & CO Financial Services 0.3% $28.1m 751,014 −2.0% reduced EXMOC EXXON MOBIL CORP – 0.2% $19.4m 177,068 +0.3% held MO ALTRIA GROUP INC Consumer Defensive 0.2% $14.5m 324,590 −0.2% held MKL MARKEL GROUP INC Financial Services 0.1% $12.5m 9,750 +12% added Davide Campari-Milano NV no ticker – 0.1% $10.0m 815,358 +0.3% held VMC VULCAN MATLS CO Basic Materials 0.10% $9.4m 54,762 −0.7% reduced CXT CRANE NXT CO Industrials 0.08% $8.0m 70,331 −1.9% reduced AXP AMERICAN EXPRESS CO Financial Services 0.07% $6.3m 38,446 −1.0% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.06% $5.5m 36,875 +2.5% added HRL HORMEL FOODS CORP Consumer Defensive 0.05% $5.0m 125,708 −3.5% reduced Nestle SA-REG no ticker – 0.05% $4.9m 39,870 0.0% held Carlsberg B A/S no ticker – 0.05% $4.6m 29,361 +2.9% added DOV DOVER CORP Industrials 0.05% $4.5m 29,317 −1.2% reduced UNP UNION PACIFIC CORP Industrials 0.05% $4.3m 21,562 +16% added Loreal SA no ticker – 0.04% $3.8m 8,436 +7.9% added MKC MCCORMICK & CO INC Consumer Defensive 0.04% $3.7m 44,400 −1.3% reduced OUT OUTFRONT MEDIA INC Real Estate 0.03% $3.0m 185,674 −16% reduced Heineken NV no ticker – 0.03% $2.7m 25,441 −37% reduced PEP PEPSICO INC Consumer Defensive 0.03% $2.6m 14,439 −27% reduced COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.03% $2.6m 5,132 −4.8% reduced Unilever PLC no ticker – 0.02% $2.3m 44,000 0.0% held Lindt & Spruengli AG - Reg no ticker – 0.02% $2.2m 19 0.0% held GOOGL ALPHABET INC Communication Services 0.02% $2.1m 19,856 +1.1% added Swiss Helvetia FD Inc no ticker – 0.02% $2.0m 258,159 +1.6% added ABBV ABBVIE INC Healthcare 0.02% $2.0m 12,610 0.0% held PNC PNC FINL SVCS GROUP INC Financial Services 0.01% $1.4m 11,268 0.0% held Compagnie Financiere Richemont no ticker – 0.01% $1.4m 87,165 −21% reduced DD DUPONT DE NEMOURS INC Basic Materials 0.01% $1.3m 17,929 +0.5% added FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.01% $1.3m 13,495 −2.7% reduced KO COCA COLA CO Consumer Defensive 0.01% $1.2m 19,769 −5.8% reduced
Exited since Q4 2022 1 row
Stock Prior weight Prior value MLKN MILLERKNOLL INC 0.0% $328k
Sector mix Unclassified 60.8% Communication Services 15.1% Financial Services 13.1% Consumer Defensive 6.9% Basic Materials 3.8% Industrials 0.2% Healthcare 0.04% Real Estate 0.04% Technology 0.02% Energy 0.01% Consumer Cyclical 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