Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2023Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2023 Gardner Russo & Quinn (Tom Russo) disclosed 82 US equity positions worth $9.8bn in its Q4 2023 13F filing. Its largest position is BRK/A at 13.4% of the reported book, followed by GOOG and MA. Versus Q3 2023 it opened 1 new position, added to 15, reduced 43 and exited 1.
$9.8bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
82 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.4% Largest position The largest single position as a share of the reported equity book.
79.4% 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 2023: 1 new , 15 added , 43 reduced , 1 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 13.4% $1.3bn 2,417 −2.6% reduced GOOG ALPHABET INC Communication Services 11.1% $1.1bn 7.72m −4.6% reduced MA MASTERCARD INC Financial Services 10.0% $982m 2.30m −3.4% reduced Nestle SA Sponsored ADR no ticker – 9.0% $887m 7.67m −2.4% reduced Compagnie Financiere Richemont no ticker – 7.0% $686m 4.99m −1.2% reduced Heineken Holding NV no ticker – 6.8% $664m 7.84m −0.8% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 5.8% $572m 6.08m −2.6% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 5.7% $560m 1.57m −3.0% reduced NFLX NETFLIX INC. Communication Services 5.6% $548m 1.12m −3.1% reduced Pernod Ricard no ticker – 5.1% $496m 2.81m −0.4% held MLM MARTIN MARIETTA MATLS INC Basic Materials 4.8% $469m 940,568 −1.9% reduced Ashtead Group PLC no ticker – 3.7% $367m 5.28m −1.2% reduced JPM JPMORGAN CHASE & CO Financial Services 3.5% $344m 2.02m −3.6% reduced UBER UBER TECHNOLOGIES INC Technology 1.9% $190m 3.08m – new CMCSA COMCAST CORP NEW Communication Services 1.5% $145m 3.30m −6.6% reduced BF/A BROWN FORMAN CORP – 1.4% $135m 2.27m −3.7% reduced V VISA INC Financial Services 0.9% $84.1m 322,891 −2.6% reduced BF/B BROWN FORMAN CORP – 0.5% $53.5m 937,483 −2.4% reduced WFC WELLS FARGO & CO Financial Services 0.4% $35.1m 712,229 −1.9% reduced Anheuser-Busch InBev SA no ticker – 0.3% $33.0m 511,688 −5.5% reduced EXMOC EXXON MOBIL CORP – 0.2% $17.9m 179,199 +0.6% added MKL MARKEL GROUP INC Financial Services 0.1% $14.2m 9,984 −0.1% held MO ALTRIA GROUP INC Consumer Defensive 0.1% $12.5m 311,070 −5.8% reduced VMC VULCAN MATLS CO Basic Materials 0.1% $11.1m 48,682 −8.3% reduced CABO CABLE ONE INC Communication Services 0.09% $8.9m 16,017 −35% reduced Davide Campari-Milano NV no ticker – 0.09% $8.7m 771,418 −4.2% reduced CR CRANE COMPANY Industrials 0.08% $8.1m 68,281 −2.7% reduced UNP UNION PACIFIC CORP Industrials 0.06% $5.6m 22,887 +5.2% added PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $5.4m 36,670 0.0% held Nestle SA-REG no ticker – 0.05% $4.6m 39,870 0.0% held DOV DOVER CORP Industrials 0.04% $4.3m 27,897 −2.0% reduced AXP AMERICAN EXPRESS CO Financial Services 0.04% $3.8m 20,535 −27% reduced COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.04% $3.7m 5,550 +7.9% added Loreal SA no ticker – 0.03% $3.4m 6,836 −19% reduced GOOGL ALPHABET INC Communication Services 0.03% $3.1m 22,530 +0.9% added Carlsberg B A/S no ticker – 0.03% $3.1m 24,526 −16% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.0m 44,120 −1.8% reduced Heineken NV no ticker – 0.03% $2.6m 25,441 0.0% held HRL HORMEL FOODS CORP Consumer Defensive 0.02% $2.4m 75,572 −35% reduced UNILEVER PLC no ticker – 0.02% $2.4m 49,873 −50% reduced Lindt & Spruengli AG - Reg no ticker – 0.02% $2.3m 19 0.0% held Swiss Helvetia FD Inc no ticker – 0.02% $2.2m 270,504 +1.6% added PEP PEPSICO INC Consumer Defensive 0.02% $2.2m 13,048 −7.1% reduced MSFT MICROSOFT CORP Technology 0.02% $2.0m 5,218 +145% added ABBV ABBVIE INC Healthcare 0.02% $1.9m 12,510 −0.6% reduced FULT FULTON FINL CORP PA Financial Services 0.02% $1.9m 116,805 −2.6% reduced AAPL APPLE INC Technology 0.02% $1.8m 9,274 +14% added DD DUPONT DE NEMOURS INC Basic Materials 0.01% $1.4m 18,199 +0.5% added ABT ABBOTT LABORATORIES Healthcare 0.01% $1.3m 11,610 0.0% held OUT OUTFRONT MEDIA INC Real Estate 0.01% $1.2m 85,939 −8.3% reduced
Exited since Q3 2023 1 row
Stock Prior weight Prior value JC Decaux SA ACT no ticker 0.0% $178k
Sector mix Unclassified 53.5% Communication Services 18.3% Financial Services 14.9% Consumer Defensive 6.2% Basic Materials 4.9% Technology 2.0% Industrials 0.2% Healthcare 0.04% 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