Thomas Russo Gardner Russo & Quinn
Thomas Russo is a partner at Gardner Russo & Quinn and one of the best-known global value investors focused on consumer franchises. He is closely associated with long-term ownership of branded businesses that can reinvest abroad, often summarized as capacity to suffer and capacity to reinvest. Russo’s talks and holdings are staples in global quality-value circles.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
UN
Unilever NV New York Registry Shares
UN
|
+$11M |
| 2 |
Mastercard
MA
|
+$4.62M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$3.36M |
| 4 |
Philip Morris
PM
|
+$2.85M |
| 5 |
AB InBev
BUD
|
+$1.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$7.77M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$7.02M |
| 3 |
Graham Holdings Company
GHC
|
+$3.3M |
| 4 |
Goldman Sachs
GS
|
+$2.86M |
| 5 |
Brown-Forman Class A
BF.A
|
+$2.62M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.13% |
| 2 | Consumer Staples | 25.02% |
| 3 | Materials | 2.45% |
| 4 | Communication Services | 0.99% |
| 5 | Industrials | 0.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RDS.A
26
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $6.47M | 0.06% |
84,157
-401
| -0.5% | -$29.3K |
|
|
27
Goldman Sachs
GS
$303B
| $6.38M | 0.06% |
38,125
-17,750
| -32% | -$2.86M |
|
28
Chevron
CVX
$403B
| $6.24M | 0.06% |
47,777
-6,330
| -12% | -$788K |
|
29
Hormel Foods
HRL
$13.1B
| $5.46M | 0.05% |
221,462
-8,064
| -4% | -$195K |
|
30
AbbVie
ABBV
$468B
| $4.9M | 0.05% |
86,777
| – | – |
|
31
PepsiCo
PEP
$196B
| $3.95M | 0.04% |
44,239
-859
| -2% | -$74.2K |
|
|
WFC.WS
32
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $3.84M | 0.04% |
177,750
| – | – |
|
33
Abbott
ABT
$202B
| $3.54M | 0.03% |
86,503
| – | – |
|
34
McCormick & Company Non-Voting
MKC
$14.9B
| $3.05M | 0.03% |
85,160
-5,000
| -6% | -$178K |
|
|
JPM.WS
35
DELISTED
JPMorgan Chase
JPM.WS
| $2.91M | 0.03% |
150,750
| – | – |
|
|
PCP
36
DELISTED
PRECISION CASTPARTS CORP
PCP
| $2.82M | 0.03% |
11,175
-150
| -1% | -$38.4K |
|
37
Deere & Co
DE
$175B
| $2.57M | 0.02% |
28,415
| – | – |
|
38
Microsoft
MSFT
$3.59T
| $2.55M | 0.02% |
61,244
| – | – |
|
|
MTB.WS
39
DELISTED
M&T Bank Corporation
MTB.WS
| $2.51M | 0.02% |
50,000
+17,500
| +54% | +$846K |
|
|
DD
40
DELISTED
Du Pont De Nemours E I
DD
| $2.18M | 0.02% |
35,102
-3,112
| -8% | -$200K |
|
41
IBM
IBM
$222B
| $2.1M | 0.02% |
12,087
-2,154
| -15% | -$388K |
|
|
PX
42
DELISTED
Praxair Inc
PX
| $2.09M | 0.02% |
15,750
-11,400
| -42% | -$1.49M |
|
43
Comcast
CMCSA
$95.3B
| $1.93M | 0.02% |
71,898
-434
| -0.6% | -$11.2K |
|
44
PNC Financial Services
PNC
$97B
| $1.92M | 0.02% |
21,544
-4,100
| -16% | -$350K |
|
|
EVF
45
Eaton Vance Senior Income Trust
EVF
$89.9M
| $1.85M | 0.02% |
272,234
+1,720
| +0.6% | +$11.7K |
|
46
British American Tobacco
BTI
$121B
| $1.64M | 0.02% |
27,598
+200
| +0.7% | +$11.7K |
|
47
Truist Financial
TFC
$61.6B
| $1.63M | 0.02% |
41,336
+259
| +0.6% | +$9.93K |
|
48
Walmart Inc
WMT
$825B
| $1.58M | 0.01% |
63,027
| – | – |
|
49
Alphabet (Google) Class C
GOOG
$4.18T
| $1.18M | 0.01% |
40,852
+60
| +0.1% | +$1.63K |
|
50
Lamar Advertising Co
LAMR
$15.3B
| $1.16M | 0.01% |
21,785
+675
| +3% | +$34.1K |
|
Similar funds
Thomas Russo's Q2 2014 Portfolio in Review
As of Q2 2014, Thomas Russo held 115 positions worth $10.8B, up 4.6% from $10.3B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Thomas Russo's Q2 2014 filing shows 3 new, 32 increased, 44 reduced and 3 closed positions. Its largest new stake was Union Pacific: 2,730 shares worth $272K. The largest sale was Scripps Networks Interactive, Inc Common Class A, an estimated $7.77M.
By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 27% a quarter earlier, followed by Consumer Staples and Materials.
- Thomas Russo's largest Q2 2014 buy was Union Pacific: 2,730 shares worth $272K.
- Thomas Russo added most to Unilever NV New York Registry Shares in Q2 2014, an estimated $11M increase.
- Thomas Russo's biggest Q2 2014 reduction was Scripps Networks Interactive, Inc Common Class A, cutting an estimated $7.77M.
- Thomas Russo fully exited Knowles in Q2 2014, selling an estimated $1.22M.
- Thomas Russo's ten largest holdings make up 71% of its $10.8B portfolio in Q2 2014.
- Thomas Russo opened 3 new positions and closed 3 in Q2 2014.
- Thomas Russo's portfolio value rose 4.6% quarter-over-quarter to $10.8B.
Based on Gardner Russo & Quinn's 13F filing for Q2 2014, filed 13 Aug 2014.