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 |
Alphabet (Google) Class C
GOOG
|
+$840K |
| 2 |
Chemours
CC
|
+$233K |
| 3 |
US Bancorp
USB
|
+$216K |
| 4 |
BP
BP
|
+$213K |
| 5 |
Oracle
ORCL
|
+$204K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$138M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$96.6M |
| 3 |
UN
Unilever NV New York Registry Shares
UN
|
+$55.6M |
| 4 |
Wells Fargo
WFC
|
+$34.1M |
| 5 |
Philip Morris
PM
|
+$32.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.59% |
| 2 | Consumer Staples | 18.09% |
| 3 | Materials | 2.97% |
| 4 | Communication Services | 2.82% |
| 5 | Energy | 0.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
McCormick & Company Non-Voting
MKC
$14.9B
| $4.44M | 0.03% |
58,960
-2,750
| -4% | -$185K |
|
27
Dover
DOV
$27.2B
| $4.11M | 0.03% |
43,776
-915
| -2% | -$79.1K |
|
28
PepsiCo
PEP
$196B
| $3.27M | 0.03% |
26,667
-1,254
| -4% | -$143K |
|
29
DuPont de Nemours
DD
$18.7B
| $2.49M | 0.02% |
18,435
-410
| -2% | -$56.9K |
|
|
RDS.A
30
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $2.23M | 0.02% |
35,595
-3,350
| -9% | -$207K |
|
31
PNC Financial Services
PNC
$97B
| $2.15M | 0.02% |
17,568
-600
| -3% | -$74.3K |
|
|
32
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.15M | 0.02% |
36,600
+340
| +0.9% | +$19.2K |
|
33
Fulton Financial
FULT
$4.51B
| $1.84M | 0.01% |
119,154
-1,000
| -0.8% | -$16.3K |
|
|
EVF
34
Eaton Vance Senior Income Trust
EVF
$89.9M
| $1.84M | 0.01% |
299,442
+2,516
| +0.8% | +$15.4K |
|
35
Bank of America
BAC
$431B
| $1.35M | 0.01% |
48,975
| – | – |
|
36
Costco
COST
$420B
| $1.27M | 0.01% |
5,227
| – | – |
|
37
Chevron
CVX
$403B
| $1.23M | 0.01% |
10,013
-650
| -6% | -$76.9K |
|
38
JPMorgan Chase
JPM
$935B
| $1.22M | 0.01% |
12,077
+77
| +0.6% | +$7.93K |
|
39
AbbVie
ABBV
$468B
| $1.05M | 0.01% |
13,010
-956
| -7% | -$78.2K |
|
40
Abbott
ABT
$202B
| $968K | 0.01% |
12,110
-1,850
| -13% | -$138K |
|
41
M&T Bank
MTB
$34.7B
| $716K | 0.01% |
4,559
+30
| +0.7% | +$4.93K |
|
42
Lamar Advertising Co
LAMR
$15.3B
| $694K | 0.01% |
8,756
| – | – |
|
43
McDonald's
MCD
$192B
| $564K | ﹤0.01% |
2,970
+5
| +0.2% | +$907 |
|
44
Walt Disney
DIS
$186B
| $488K | ﹤0.01% |
4,398
-70
| -2% | -$7.82K |
|
45
Walmart Inc
WMT
$825B
| $482K | ﹤0.01% |
14,820
-345
| -2% | -$11.2K |
|
46
Truist Financial
TFC
$61.6B
| $473K | ﹤0.01% |
10,157
+41
| +0.4% | +$2K |
|
47
Microsoft
MSFT
$3.59T
| $448K | ﹤0.01% |
3,795
| – | – |
|
48
Apple
AAPL
$4.51T
| $398K | ﹤0.01% |
8,380
| – | – |
|
|
PXD
49
DELISTED
Pioneer Natural Resource Co.
PXD
| $396K | ﹤0.01% |
2,600
| – | – |
|
50
O'Reilly Automotive
ORLY
$72.1B
| $388K | ﹤0.01% |
15,000
| – | – |
|
Similar funds
Thomas Russo's Q1 2019 Portfolio in Review
As of Q1 2019, Thomas Russo held 96 positions worth $12.9B, up 6.9% from $12B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Thomas Russo withdrew a net $795M in Q1 2019, closing 3 positions and reducing 50 holdings. Its most notable exit was Kraft Heinz, an estimated $1.03M position sold in full.
By sector, the portfolio is most concentrated in Financials at 33% of assets, down from 34% a quarter earlier, followed by Consumer Staples and Materials.
Against the trend, Thomas Russo opened a new position in Chemours worth $238K.
- Thomas Russo's largest Q1 2019 buy was Chemours: 6,416 shares worth $238K.
- Thomas Russo added most to Alphabet (Google) Class C in Q1 2019, an estimated $840K increase.
- Thomas Russo's biggest Q1 2019 reduction was Mastercard, cutting an estimated $138M.
- Thomas Russo fully exited Kraft Heinz in Q1 2019, selling an estimated $1.03M.
- Thomas Russo's ten largest holdings make up 77% of its $12.9B portfolio in Q1 2019.
- Thomas Russo opened 8 new positions and closed 3 in Q1 2019.
- Thomas Russo's portfolio value rose 6.9% quarter-over-quarter to $12.9B.
Based on Gardner Russo & Quinn's 13F filing for Q1 2019, filed 15 May 2019.