Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2024Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2024 Gardner Russo & Quinn (Tom Russo) disclosed 77 US equity positions worth $9.5bn in its Q2 2024 13F filing. Its largest position is BRK/A at 13.7% of the reported book, followed by GOOG and MA. Versus Q1 2024 it opened 2 new positions, added to 13, reduced 38 and exited 6.
$9.5bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
77 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.7% Largest position The largest single position as a share of the reported equity book.
79.6% 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 Q1 2024: 2 new , 13 added , 38 reduced , 6 exited
50 of 77 Show all 77
Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 13.7% $1.3bn 2,114 −0.8% reduced GOOG ALPHABET INC Communication Services 12.0% $1.1bn 6.21m −12% reduced MA MASTERCARD INC Financial Services 9.6% $907m 2.06m −2.1% reduced Nestle SA Sponsored ADR no ticker – 7.9% $744m 7.26m +0.1% held Compagnie Financiere Richemont no ticker – 7.7% $729m 4.67m +0.7% added Heineken Holding NV no ticker – 6.7% $630m 7.98m +2.0% added BRK/B BERKSHIRE HATHAWAY INC DEL – 6.0% $566m 1.39m −5.1% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 5.9% $554m 5.47m −1.5% reduced NFLX NETFLIX INC. Communication Services 5.6% $528m 782,062 −11% reduced Pernod Ricard no ticker – 4.7% $449m 3.31m +9.3% added MLM MARTIN MARIETTA MATLS INC Basic Materials 4.4% $414m 764,059 −3.0% reduced Ashtead Group PLC no ticker – 3.6% $338m 5.06m −1.3% reduced JPM JPMORGAN CHASE & CO Financial Services 3.2% $302m 1.49m −13% reduced UBER UBER TECHNOLOGIES INC Technology 2.8% $265m 3.64m +10% added CMCSA COMCAST CORP NEW Communication Services 1.3% $120m 3.06m −1.0% reduced BF/A BROWN FORMAN CORP – 1.0% $95.8m 2.17m −1.3% reduced DASH DOORDASH INC Consumer Cyclical 0.8% $77.9m 716,388 – new V VISA INC Financial Services 0.8% $74.2m 282,714 −4.4% reduced BF/B BROWN FORMAN CORP – 0.4% $38.5m 891,786 −1.5% reduced WFC WELLS FARGO & CO Financial Services 0.3% $28.4m 478,642 −29% reduced Anheuser-Busch InBev SA no ticker – 0.3% $25.6m 441,625 −6.5% reduced EXMOC EXXON MOBIL CORP – 0.2% $20.8m 180,530 +0.2% held MKL MARKEL GROUP INC Financial Services 0.2% $15.2m 9,619 −1.8% reduced MO ALTRIA GROUP INC Consumer Defensive 0.1% $13.0m 286,290 −8.8% reduced CR CRANE COMPANY Industrials 0.10% $9.4m 64,906 −3.1% reduced VMC VULCAN MATLS CO Basic Materials 0.09% $8.4m 33,622 −13% reduced Davide Campari-Milano NV no ticker – 0.07% $6.4m 677,127 +5.5% added UNP UNION PACIFIC CORP Industrials 0.06% $5.5m 24,294 +3.9% added PG PROCTER & GAMBLE CO Consumer Defensive 0.06% $5.3m 32,006 −1.0% reduced COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.05% $4.7m 5,477 0.0% held DOV DOVER CORP Industrials 0.04% $4.2m 23,426 −5.1% reduced Nestle SA-REG no ticker – 0.04% $4.1m 40,136 0.0% held AXP AMERICAN EXPRESS CO Financial Services 0.04% $3.7m 16,075 −11% reduced GOOGL ALPHABET INC Communication Services 0.04% $3.7m 20,356 −7.2% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.1m 43,320 −0.3% held Carlsberg B A/S no ticker – 0.03% $2.9m 24,390 −0.6% reduced Loreal SA no ticker – 0.03% $2.6m 5,841 −13% reduced Heineken NV no ticker – 0.03% $2.5m 25,441 0.0% held MSFT MICROSOFT CORP Technology 0.02% $2.3m 5,205 −2.9% reduced Swiss Helvetia FD Inc no ticker – 0.02% $2.3m 279,368 +1.6% added Lindt & Spruengli AG - Reg no ticker – 0.02% $2.2m 19 0.0% held ABBV ABBVIE INC Healthcare 0.02% $2.1m 12,510 0.0% held PEP PEPSICO INC Consumer Defensive 0.02% $2.0m 12,366 −0.6% reduced FULT FULTON FINL CORP PA Financial Services 0.02% $1.9m 114,305 −1.7% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.02% $1.8m 57,691 −5.1% reduced AAPL APPLE INC Technology 0.02% $1.4m 6,799 −15% reduced DD DUPONT DE NEMOURS INC Basic Materials 0.01% $1.3m 15,555 +0.5% held ABT ABBOTT LABORATORIES Healthcare 0.01% $1.2m 11,510 −0.9% reduced PNC PNC FINL SVCS GROUP INC Financial Services 0.01% $1.1m 7,023 −3.7% reduced Compagnie Financiere Richemont no ticker – 0.01% $1.0m 66,140 +0.4% held
Exited since Q1 2024 6 rows
Stock Prior weight Prior value CABO CABLE ONE INC 0.05% $4.9m UNILEVER PLC no ticker 0.01% $761k LVMH Moet Hennessy Louis Vuitt no ticker 0.01% $504k LVMH Moet Hennessy Louis Vuitt no ticker 0.0% $202k Burnham Hldgs Inc Cl A no ticker 0.0% $133k Danone ADR no ticker 0.0% $130k
Sector mix Unclassified 52.4% Communication Services 18.9% Financial Services 14.1% Consumer Defensive 6.2% Basic Materials 4.5% Technology 2.8% Consumer Cyclical 0.8% Industrials 0.2% Healthcare 0.04% Real Estate 0.02% Energy 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