Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2024Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2024 Gardner Russo & Quinn (Tom Russo) disclosed 77 US equity positions worth $9.7bn in its Q3 2024 13F filing. Its largest position is BRK/A at 14.5% of the reported book, followed by GOOG and MA. Versus Q2 2024 it opened 2 new positions, added to 9, reduced 45 and exited 2.
$9.7bn 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.
14.5% Largest position The largest single position as a share of the reported equity book.
79.3% 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 Q2 2024: 2 new , 9 added , 45 reduced , 2 exited
50 of 77 Show all 77
Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 14.5% $1.4bn 2,045 −3.3% reduced GOOG ALPHABET INC Communication Services 10.3% $1.0bn 5.99m −3.5% reduced MA MASTERCARD INC Financial Services 10.2% $993m 2.01m −2.2% reduced Compagnie Financiere Richemont no ticker – 7.3% $715m 4.51m −3.4% reduced Nestle SA Sponsored ADR no ticker – 7.2% $700m 6.96m −4.2% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 6.7% $654m 5.39m −1.5% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 6.3% $618m 1.34m −3.4% reduced Heineken Holding NV no ticker – 6.3% $618m 8.16m +2.3% added NFLX NETFLIX INC. Communication Services 5.3% $519m 731,838 −6.4% reduced Pernod Ricard no ticker – 5.0% $492m 3.25m −1.7% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 4.1% $404m 750,072 −1.8% reduced Ashtead Group PLC no ticker – 3.9% $384m 4.95m −2.2% reduced JPM JPMORGAN CHASE & CO Financial Services 3.1% $304m 1.44m −3.5% reduced UBER UBER TECHNOLOGIES INC Technology 2.9% $285m 3.80m +4.2% added CMCSA COMCAST CORP NEW Communication Services 1.3% $124m 2.97m −3.1% reduced BF/A BROWN FORMAN CORP – 1.0% $102m 2.13m −2.0% reduced DASH DOORDASH INC Consumer Cyclical 1.0% $101m 705,267 −1.6% reduced V VISA INC Financial Services 0.7% $73.0m 265,461 −6.1% reduced BF/B BROWN FORMAN CORP – 0.4% $43.2m 877,885 −1.6% reduced Anheuser-Busch InBev SA no ticker – 0.3% $26.4m 398,625 −9.7% reduced WFC WELLS FARGO & CO Financial Services 0.2% $22.7m 402,320 −16% reduced EXMOC EXXON MOBIL CORP – 0.2% $22.1m 188,233 +4.3% added MO ALTRIA GROUP INC Consumer Defensive 0.2% $14.8m 289,098 +1.0% added MKL MARKEL GROUP INC Financial Services 0.1% $14.1m 9,016 −6.3% reduced CR CRANE COMPANY Industrials 0.1% $9.9m 62,356 −3.9% reduced UNP UNION PACIFIC CORP Industrials 0.06% $6.0m 24,420 +0.5% added Davide Campari-Milano NV no ticker – 0.06% $6.0m 703,377 +3.9% added VMC VULCAN MATLS CO Basic Materials 0.06% $5.9m 23,481 −30% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.06% $5.4m 31,277 −2.3% reduced COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.05% $4.8m 5,422 −1.0% reduced DOV DOVER CORP Industrials 0.05% $4.4m 23,101 −1.4% reduced AXP AMERICAN EXPRESS CO Financial Services 0.04% $4.2m 15,341 −4.6% reduced Nestle SA-REG no ticker – 0.04% $4.0m 40,081 −0.1% held MKC MCCORMICK & CO INC Consumer Defensive 0.04% $3.5m 42,820 −1.2% reduced GOOGL ALPHABET INC Communication Services 0.03% $3.4m 20,436 +0.4% held Carlsberg B A/S no ticker – 0.03% $2.8m 23,450 −3.9% reduced Loreal SA no ticker – 0.03% $2.6m 5,769 −1.2% reduced Swiss Helvetia FD Inc no ticker – 0.03% $2.5m 283,350 +1.4% added ABBV ABBVIE INC Healthcare 0.03% $2.5m 12,510 0.0% held Heineken NV no ticker – 0.02% $2.3m 25,441 0.0% held Lindt & Spruengli AG - Reg no ticker – 0.02% $2.2m 17 −11% reduced MSFT MICROSOFT CORP Technology 0.02% $2.2m 5,005 −3.8% reduced PEP PEPSICO INC Consumer Defensive 0.02% $2.1m 12,242 −1.0% reduced HRL HORMEL FOODS CORP Consumer Defensive 0.02% $1.7m 53,091 −8.0% reduced FULT FULTON FINL CORP PA Financial Services 0.02% $1.5m 81,228 −29% reduced AAPL APPLE INC Technology 0.02% $1.5m 6,274 −7.7% reduced ABT ABBOTT LABORATORIES Healthcare 0.01% $1.3m 11,510 0.0% held Compagnie Financiere Richemont no ticker – 0.01% $1.1m 66,340 +0.3% held KO COCA COLA CO Consumer Defensive 0.01% $1.0m 14,530 −0.3% held PNC PNC FINL SVCS GROUP INC Financial Services 0.01% $989k 5,350 −24% reduced
Exited since Q2 2024 2 rows
Stock Prior weight Prior value DD DUPONT DE NEMOURS INC 0.01% $1.3m DOW DOW HLDGS INC 0.01% $960k
Sector mix Unclassified 53.0% Communication Services 16.9% Financial Services 14.5% Consumer Defensive 7.1% Basic Materials 4.2% Technology 3.0% Consumer Cyclical 1.0% 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