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 |
Comcast
CMCSA
|
+$234M |
| 2 |
AB InBev
BUD
|
+$155M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$9.15M |
| 4 |
UN
Unilever NV New York Registry Shares
UN
|
+$8.5M |
| 5 |
Wells Fargo
WFC
|
+$7.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$232M |
| 2 |
Mastercard
MA
|
+$22.5M |
| 3 |
Altria Group
MO
|
+$21.8M |
| 4 |
Brown-Forman Class A
BF.A
|
+$11.9M |
| 5 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$6.34M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27% |
| 2 | Consumer Staples | 26.8% |
| 3 | Communication Services | 2.5% |
| 4 | Materials | 2.49% |
| 5 | Energy | 0.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JPM.WS
26
DELISTED
JPMorgan Chase
JPM.WS
| $4.75M | 0.04% |
200,350
-400
| -0.2% | -$9.28K |
|
|
WFC.WS
27
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $4.13M | 0.04% |
201,500
-1,250
| -0.6% | -$25.8K |
|
28
Dover
DOV
$27.2B
| $3.99M | 0.03% |
80,626
-6,784
| -8% | -$344K |
|
29
PepsiCo
PEP
$196B
| $3.91M | 0.03% |
39,111
-682
| -2% | -$68K |
|
30
Abbott
ABT
$202B
| $3.83M | 0.03% |
85,400
| – | – |
|
31
Chevron
CVX
$403B
| $3.73M | 0.03% |
41,460
-50
| -0.1% | -$4.51K |
|
32
McCormick & Company Non-Voting
MKC
$14.9B
| $3.52M | 0.03% |
82,310
-1,400
| -2% | -$59K |
|
33
Outfront Media
OUT
$5.25B
| $3.51M | 0.03% |
163,427
+58,180
| +55% | +$1.31M |
|
|
MTB.WS
34
DELISTED
M&T Bank Corporation
MTB.WS
| $3.41M | 0.03% |
70,000
| – | – |
|
|
RDS.A
35
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $2.8M | 0.02% |
64,408
-2,827
| -4% | -$135K |
|
36
Microsoft
MSFT
$3.59T
| $2.74M | 0.02% |
49,450
| – | – |
|
|
DD
37
DELISTED
Du Pont De Nemours E I
DD
| $2.54M | 0.02% |
38,084
-2,324
| -6% | -$148K |
|
38
Goldman Sachs
GS
$303B
| $1.87M | 0.02% |
10,393
| – | – |
|
39
PNC Financial Services
PNC
$97B
| $1.71M | 0.01% |
17,944
| – | – |
|
|
EVF
40
Eaton Vance Senior Income Trust
EVF
$89.9M
| $1.63M | 0.01% |
282,729
+629
| +0.2% | +$3.73K |
|
41
Truist Financial
TFC
$61.6B
| $1.55M | 0.01% |
40,878
-5,382
| -12% | -$202K |
|
42
IBM
IBM
$222B
| $1.26M | 0.01% |
9,554
-163
| -2% | -$21.9K |
|
43
Walmart Inc
WMT
$825B
| $1.15M | 0.01% |
56,322
-2,100
| -4% | -$42.1K |
|
44
Alphabet (Google) Class C
GOOG
$4.18T
| $1.12M | 0.01% |
29,600
+7,500
| +34% | +$269K |
|
45
Costco
COST
$420B
| $1.02M | 0.01% |
6,295
| – | – |
|
|
PX
46
DELISTED
Praxair Inc
PX
| $993K | 0.01% |
9,700
-1,150
| -11% | -$125K |
|
|
47
Alphabet (Google) Class A
GOOGL
$4.22T
| $987K | 0.01% |
25,360
| – | – |
|
48
Lamar Advertising Co
LAMR
$15.3B
| $930K | 0.01% |
15,510
-1,450
| -9% | -$83.4K |
|
49
Bank of America
BAC
$431B
| $860K | 0.01% |
51,100
| – | – |
|
|
PCP
50
DELISTED
PRECISION CASTPARTS CORP
PCP
| $788K | 0.01% |
3,395
-27,425
| -89% | -$6.34M |
|
Similar funds
Thomas Russo's Q4 2015 Portfolio in Review
As of Q4 2015, Thomas Russo held 109 positions worth $11.7B, up 5.6% from $11.1B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Thomas Russo's Q4 2015 filing shows 5 new, 29 increased, 38 reduced and 4 closed positions. Its largest new stake was WABCO HOLDINGS INC.: 2,418 shares worth $247K. The largest sale was COMCAST CORP SPL A (NEW), an estimated $232M.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 27% a quarter earlier, followed by Consumer Staples and Communication Services.
- Thomas Russo's largest Q4 2015 buy was WABCO HOLDINGS INC.: 2,418 shares worth $247K.
- Thomas Russo added most to Comcast in Q4 2015, an estimated $234M increase.
- Thomas Russo's biggest Q4 2015 reduction was Mastercard, cutting an estimated $22.5M.
- Thomas Russo fully exited COMCAST CORP SPL A (NEW) in Q4 2015, selling an estimated $232M.
- Thomas Russo's ten largest holdings make up 73% of its $11.7B portfolio in Q4 2015.
- Thomas Russo opened 5 new positions and closed 4 in Q4 2015.
- Thomas Russo's portfolio value rose 5.6% quarter-over-quarter to $11.7B.
Based on Gardner Russo & Quinn's 13F filing for Q4 2015, filed 11 Feb 2016.