Funds › Gardner Russo & Quinn (Tom Russo) › Q1 2024Gardner Russo & Quinn (Tom Russo) 13F holdings, Q1 2024 Gardner Russo & Quinn (Tom Russo) disclosed 81 US equity positions worth $9.7bn in its Q1 2024 13F filing. Its largest position is BRK/A at 13.9% of the reported book, followed by GOOG and MA. Versus Q4 2023 it opened 2 new positions, added to 12, reduced 48 and exited 3.
$9.7bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
81 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.9% Largest position The largest single position as a share of the reported equity book.
78.9% 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 2023: 2 new , 12 added , 48 reduced , 3 exited
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Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 13.9% $1.4bn 2,132 −12% reduced GOOG ALPHABET INC Communication Services 11.0% $1.1bn 7.06m −8.6% reduced MA MASTERCARD INC Financial Services 10.4% $1.0bn 2.10m −8.8% reduced Nestle SA Sponsored ADR no ticker – 7.9% $770m 7.25m −5.4% reduced Compagnie Financiere Richemont no ticker – 7.3% $708m 4.64m −7.0% reduced Heineken Holding NV no ticker – 6.5% $632m 7.82m −0.2% held BRK/B BERKSHIRE HATHAWAY INC DEL – 6.3% $616m 1.46m −6.7% reduced NFLX NETFLIX INC. Communication Services 5.4% $531m 874,075 −22% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 5.2% $509m 5.55m −8.7% reduced Pernod Ricard no ticker – 5.0% $490m 3.02m +7.5% added MLM MARTIN MARIETTA MATLS INC Basic Materials 5.0% $483m 787,480 −16% reduced Ashtead Group PLC no ticker – 3.7% $365m 5.13m −2.8% reduced JPM JPMORGAN CHASE & CO Financial Services 3.5% $343m 1.71m −15% reduced UBER UBER TECHNOLOGIES INC Technology 2.6% $254m 3.30m +7.1% added CMCSA COMCAST CORP NEW Communication Services 1.4% $134m 3.09m −6.1% reduced BF/A BROWN FORMAN CORP – 1.2% $116m 2.20m −3.1% reduced V VISA INC Financial Services 0.8% $82.5m 295,629 −8.4% reduced BF/B BROWN FORMAN CORP – 0.5% $46.7m 904,932 −3.5% reduced WFC WELLS FARGO & CO Financial Services 0.4% $39.1m 674,969 −5.2% reduced Anheuser-Busch InBev SA no ticker – 0.3% $28.8m 472,393 −7.7% reduced EXMOC EXXON MOBIL CORP – 0.2% $20.9m 180,134 +0.5% added MKL MARKEL GROUP INC Financial Services 0.2% $14.9m 9,799 −1.9% reduced MO ALTRIA GROUP INC Consumer Defensive 0.1% $13.7m 314,052 +1.0% added VMC VULCAN MATLS CO Basic Materials 0.1% $10.5m 38,643 −21% reduced CR CRANE COMPANY Industrials 0.09% $9.1m 66,981 −1.9% reduced Davide Campari-Milano NV no ticker – 0.07% $6.5m 641,646 −17% reduced UNP UNION PACIFIC CORP Industrials 0.06% $5.7m 23,374 +2.1% added PG PROCTER & GAMBLE CO Consumer Defensive 0.05% $5.2m 32,325 −12% reduced CABO CABLE ONE INC Communication Services 0.05% $4.9m 11,681 −27% reduced DOV DOVER CORP Industrials 0.04% $4.4m 24,697 −11% reduced Nestle SA-REG no ticker – 0.04% $4.3m 40,136 +0.7% added AXP AMERICAN EXPRESS CO Financial Services 0.04% $4.1m 18,095 −12% reduced COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.04% $4.0m 5,477 −1.3% reduced Carlsberg B A/S no ticker – 0.03% $3.4m 24,530 0.0% held MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.3m 43,445 −1.5% reduced GOOGL ALPHABET INC Communication Services 0.03% $3.3m 21,930 −2.7% reduced Loreal SA no ticker – 0.03% $3.2m 6,736 −1.5% reduced Heineken NV no ticker – 0.03% $2.5m 25,441 0.0% held Lindt & Spruengli AG - Reg no ticker – 0.02% $2.3m 19 0.0% held ABBV ABBVIE INC Healthcare 0.02% $2.3m 12,510 0.0% held MSFT MICROSOFT CORP Technology 0.02% $2.3m 5,362 +2.8% added Swiss Helvetia FD Inc no ticker – 0.02% $2.2m 274,948 +1.6% added PEP PEPSICO INC Consumer Defensive 0.02% $2.2m 12,443 −4.6% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.02% $2.1m 60,813 −20% reduced FULT FULTON FINL CORP PA Financial Services 0.02% $1.8m 116,305 −0.4% held AAPL APPLE INC Technology 0.01% $1.4m 7,974 −14% reduced ABT ABBOTT LABORATORIES Healthcare 0.01% $1.3m 11,610 0.0% held DD DUPONT DE NEMOURS INC Basic Materials 0.01% $1.2m 15,482 −15% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.01% $1.2m 7,293 −4.9% reduced OUT OUTFRONT MEDIA INC Real Estate 0.01% $1.1m 63,379 −26% reduced
Exited since Q4 2023 3 rows
Stock Prior weight Prior value GHC GRAHAM HLDGS CO 0.01% $808k PXDEUR PIONEER NAT RES CO 0.01% $540k DHR DANAHER CORP DEL 0.0% $251k
Sector mix Unclassified 53.1% Communication Services 17.9% Financial Services 15.4% Consumer Defensive 5.6% Basic Materials 5.1% Technology 2.6% 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