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 |
Brown-Forman Class B
BF.B
|
+$6.12M |
| 2 |
Visa
V
|
+$872K |
| 3 |
Outfront Media
OUT
|
+$629K |
| 4 |
MON
Monsanto Co
MON
|
+$268K |
| 5 |
Unum
UNM
|
+$211K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$55.9M |
| 2 |
AB InBev
BUD
|
+$18M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$10.5M |
| 4 |
Mastercard
MA
|
+$8.51M |
| 5 |
Altria Group
MO
|
+$8.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.46% |
| 2 | Consumer Staples | 20.75% |
| 3 | Materials | 3.04% |
| 4 | Communication Services | 2.81% |
| 5 | Energy | 0.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PepsiCo
PEP
$196B
| $4.02M | 0.03% |
35,919
-948
| -3% | -$102K |
|
|
JPM.WS
27
DELISTED
JPMorgan Chase
JPM.WS
| $3.95M | 0.03% |
85,300
-75,450
| -47% | -$3.52M |
|
|
WFC.WS
28
DELISTED
Wells Fargo & Company Ws
WFC.WS
| $3.36M | 0.03% |
151,500
-71,500
| -32% | -$1.66M |
|
29
McCormick & Company Non-Voting
MKC
$14.9B
| $3.3M | 0.03% |
67,610
-1,100
| -2% | -$53.3K |
|
30
Microsoft
MSFT
$3.59T
| $3.25M | 0.03% |
49,400
-1,150
| -2% | -$73.7K |
|
|
MTB.WS
31
DELISTED
M&T Bank Corporation
MTB.WS
| $3.23M | 0.03% |
40,000
-25,000
| -38% | -$2.2M |
|
|
DD
32
DELISTED
Du Pont De Nemours E I
DD
| $3.02M | 0.02% |
37,654
+151
| +0.4% | +$11.7K |
|
33
Chevron
CVX
$403B
| $2.9M | 0.02% |
27,022
-2,175
| -7% | -$244K |
|
|
RDS.A
34
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $2.85M | 0.02% |
54,912
-3,275
| -6% | -$171K |
|
35
PNC Financial Services
PNC
$97B
| $2.78M | 0.02% |
23,090
-110
| -0.5% | -$13.5K |
|
36
Alphabet (Google) Class C
GOOG
$4.18T
| $2.07M | 0.02% |
50,000
+1,020
| +2% | +$41.8K |
|
37
Kraft Heinz
KHC
$30.3B
| $2.02M | 0.02% |
22,225
+400
| +2% | +$36.1K |
|
|
EVF
38
Eaton Vance Senior Income Trust
EVF
$89.9M
| $1.92M | 0.01% |
283,390
+2,003
| +0.7% | +$13.6K |
|
39
IBM
IBM
$222B
| $1.59M | 0.01% |
9,580
-408
| -4% | -$68.4K |
|
40
Fulton Financial
FULT
$4.51B
| $1.55M | 0.01% |
86,843
-1,000
| -1% | -$18.5K |
|
|
41
Alphabet (Google) Class A
GOOGL
$4.22T
| $1.54M | 0.01% |
36,240
+4,800
| +15% | +$202K |
|
42
Bank of America
BAC
$431B
| $1.14M | 0.01% |
48,500
-1,600
| -3% | -$38K |
|
43
Costco
COST
$420B
| $1.11M | 0.01% |
6,643
-5
| -0.1% | -$838 |
|
44
AbbVie
ABBV
$468B
| $1.06M | 0.01% |
16,200
-906
| -5% | -$57K |
|
45
Truist Financial
TFC
$61.6B
| $1.05M | 0.01% |
23,536
+123
| +0.5% | +$5.75K |
|
46
Lamar Advertising Co
LAMR
$15.3B
| $1.01M | 0.01% |
13,500
-475
| -3% | -$35.6K |
|
47
Coty
COTY
$2.41B
| $802K | 0.01% |
44,210
-866
| -2% | -$16.4K |
|
48
British American Tobacco
BTI
$121B
| $790K | 0.01% |
11,912
+820
| +7% | +$50.8K |
|
49
Abbott
ABT
$202B
| $728K | 0.01% |
16,400
| – | – |
|
50
Walmart Inc
WMT
$825B
| $722K | 0.01% |
30,057
-14,118
| -32% | -$325K |
|
Similar funds
Thomas Russo's Q1 2017 Portfolio in Review
As of Q1 2017, Thomas Russo held 102 positions worth $12.9B, up 9.3% from $11.8B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Trading was light in Q1 2017: portfolio turnover was 4.9%. Thomas Russo opened 5 new positions and made no exits, leaving the 102-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 30% a quarter earlier, followed by Consumer Staples and Materials.
- Thomas Russo's largest Q1 2017 buy was Monsanto Co: 2,425 shares worth $275K.
- Thomas Russo added most to Brown-Forman Class B in Q1 2017, an estimated $6.12M increase.
- Thomas Russo's biggest Q1 2017 reduction was Wells Fargo, cutting an estimated $55.9M.
- Thomas Russo's ten largest holdings make up 74% of its $12.9B portfolio in Q1 2017.
- Thomas Russo opened 5 new positions and closed 0 in Q1 2017.
- Thomas Russo's portfolio value rose 9.3% quarter-over-quarter to $12.9B.
Based on Gardner Russo & Quinn's 13F filing for Q1 2017, filed 11 May 2017.