Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2023Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2023 Gardner Russo & Quinn (Tom Russo) disclosed 83 US equity positions worth $10.1bn in its Q2 2023 13F filing. Its largest position is BRK/A at 12.9% of the reported book, followed by GOOG and Nestle SA Sponsored ADR. Versus Q1 2023 it opened 1 new position, added to 21, reduced 35 and exited 2.
$10.1bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
83 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.9% Largest position The largest single position as a share of the reported equity book.
80.1% 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 Q1 2023: 1 new , 21 added , 35 reduced , 2 exited
50 of 83 Show all 83
Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 12.9% $1.3bn 2,530 −1.9% reduced GOOG ALPHABET INC Communication Services 9.8% $995m 8.22m −2.4% reduced Nestle SA Sponsored ADR no ticker – 9.5% $965m 8.02m −2.1% reduced MA MASTERCARD INC Financial Services 9.4% $951m 2.42m −2.3% reduced Compagnie Financiere Richemont no ticker – 8.6% $873m 5.15m −6.8% reduced Heineken Holding NV no ticker – 6.9% $695m 7.99m −2.4% reduced Pernod Ricard no ticker – 6.2% $632m 2.86m −2.2% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 6.1% $616m 6.31m −1.8% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 5.5% $554m 1.63m −1.0% reduced NFLX NETFLIX INC. Communication Services 5.1% $518m 1.18m +10% added MLM MARTIN MARIETTA MATLS INC Basic Materials 4.4% $449m 973,520 −2.8% reduced Ashtead Group PLC no ticker – 3.7% $371m 5.37m +3.8% added JPM JPMORGAN CHASE & CO Financial Services 3.0% $307m 2.11m +16% added BF/A BROWN FORMAN CORP – 1.6% $163m 2.40m −2.0% reduced CMCSA COMCAST CORP NEW Communication Services 1.5% $150m 3.61m −4.0% reduced UNILEVER PLC no ticker – 1.4% $146m 2.79m −34% reduced V VISA INC Financial Services 0.8% $79.3m 334,028 −2.1% reduced BF/B BROWN FORMAN CORP – 0.6% $64.6m 967,024 −2.5% reduced CABO CABLE ONE INC Communication Services 0.6% $56.8m 86,436 −4.2% reduced Anheuser-Busch InBev SA no ticker – 0.3% $31.4m 554,933 −5.4% reduced WFC WELLS FARGO & CO Financial Services 0.3% $31.2m 731,989 −2.5% reduced EXMOC EXXON MOBIL CORP – 0.2% $19.1m 178,409 +0.8% added MO ALTRIA GROUP INC Consumer Defensive 0.1% $14.8m 327,378 +0.9% added MKL MARKEL GROUP INC Financial Services 0.1% $13.7m 9,919 +1.7% added VMC VULCAN MATLS CO Basic Materials 0.1% $12.1m 53,608 −2.1% reduced Davide Campari-Milano NV no ticker – 0.1% $11.2m 809,173 −0.8% reduced CR CRANE COMPANY Industrials 0.06% $6.3m 70,331 – new AXP AMERICAN EXPRESS CO Financial Services 0.06% $5.9m 33,901 −12% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.06% $5.6m 36,723 −0.4% held HRL HORMEL FOODS CORP Consumer Defensive 0.05% $4.8m 119,550 −4.9% reduced Nestle SA-REG no ticker – 0.05% $4.8m 39,870 0.0% held Carlsberg B A/S no ticker – 0.05% $4.7m 29,246 −0.4% held UNP UNION PACIFIC CORP Industrials 0.04% $4.4m 21,695 +0.6% added DOV DOVER CORP Industrials 0.04% $4.2m 28,592 −2.5% reduced Loreal SA no ticker – 0.04% $3.9m 8,436 0.0% held MKC MCCORMICK & CO INC Consumer Defensive 0.04% $3.9m 45,000 +1.4% added COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.03% $2.8m 5,228 +1.9% added Heineken NV no ticker – 0.03% $2.6m 25,441 0.0% held PEP PEPSICO INC Consumer Defensive 0.03% $2.6m 14,063 −2.6% reduced GOOGL ALPHABET INC Communication Services 0.03% $2.6m 21,430 +7.9% added Lindt & Spruengli AG - Reg no ticker – 0.02% $2.4m 19 0.0% held Unilever PLC no ticker – 0.02% $2.3m 44,000 0.0% held Swiss Helvetia FD Inc no ticker – 0.02% $2.2m 262,045 +1.5% added ABBV ABBVIE INC Healthcare 0.02% $1.7m 12,591 −0.2% held OUT OUTFRONT MEDIA INC Real Estate 0.02% $1.5m 97,924 −47% reduced AAPL APPLE INC Technology 0.01% $1.5m 7,564 +8.3% added FMX FOMENTO ECONOMICO MEXICANO S Consumer Defensive 0.01% $1.5m 13,220 −2.0% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.01% $1.4m 11,268 0.0% held DD DUPONT DE NEMOURS INC Basic Materials 0.01% $1.3m 18,026 +0.5% added ABT ABBOTT LABORATORIES Healthcare 0.01% $1.3m 11,610 −1.4% reduced
Exited since Q1 2023 2 rows
Stock Prior weight Prior value CXT CRANE NXT CO 0.08% $8.0m Compagnie Financiere Richemont no ticker 0.01% $607k
Sector mix Unclassified 57.9% Communication Services 17.0% Financial Services 13.7% Consumer Defensive 6.5% Basic Materials 4.6% Industrials 0.2% Healthcare 0.04% Technology 0.03% Real Estate 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