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
|
+$74.1M |
| 2 |
US Bancorp
USB
|
+$203K |
| 3 |
Danaher
DHR
|
+$190K |
| 4 |
TWNKW
Hostess Brands, Inc. Warrants
TWNKW
|
+$57.2K |
| 5 |
EVF
Eaton Vance Senior Income Trust
EVF
|
+$19.1K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$82.3M |
| 2 |
Altria Group
MO
|
+$50.2M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$24.8M |
| 4 |
Philip Morris
PM
|
+$18.1M |
| 5 |
UN
Unilever NV New York Registry Shares
UN
|
+$15.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.68% |
| 2 | Consumer Staples | 15.37% |
| 3 | Communication Services | 5.23% |
| 4 | Materials | 3.7% |
| 5 | Industrials | 0.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Dover
DOV
$27.2B
| $4.85M | 0.04% |
42,065
-200
| -0.5% | -$21.4K |
|
27
Procter & Gamble
PG
$336B
| $4.75M | 0.04% |
38,025
-812
| -2% | -$99.3K |
|
28
PepsiCo
PEP
$196B
| $3.29M | 0.03% |
24,068
-1,677
| -7% | -$228K |
|
29
PNC Financial Services
PNC
$97B
| $2.71M | 0.02% |
16,988
-475
| -3% | -$71.3K |
|
|
30
Alphabet (Google) Class A
GOOGL
$4.22T
| $2.44M | 0.02% |
36,360
-520
| -1% | -$33.5K |
|
31
Fulton Financial
FULT
$4.51B
| $2.04M | 0.02% |
117,274
-250
| -0.2% | -$4.25K |
|
|
EVF
32
Eaton Vance Senior Income Trust
EVF
$89.9M
| $1.93M | 0.01% |
300,315
+3,075
| +1% | +$19.1K |
|
|
RDS.A
33
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $1.77M | 0.01% |
29,966
-3,199
| -10% | -$187K |
|
34
Bank of America
BAC
$431B
| $1.73M | 0.01% |
48,975
| – | – |
|
35
Costco
COST
$420B
| $1.52M | 0.01% |
5,165
-5
| -0.1% | -$1.49K |
|
36
JPMorgan Chase
JPM
$935B
| $1.45M | 0.01% |
10,377
+59
| +0.6% | +$7.57K |
|
37
AbbVie
ABBV
$468B
| $1.13M | 0.01% |
12,810
-200
| -2% | -$16.6K |
|
38
Abbott
ABT
$202B
| $1.05M | 0.01% |
12,110
| – | – |
|
39
Chevron
CVX
$403B
| $1.04M | 0.01% |
8,648
-400
| -4% | -$47.1K |
|
40
DuPont de Nemours
DD
$18.7B
| $972K | 0.01% |
12,056
-11
| -0.1% | -$913 |
|
41
Dow Inc
DOW
$23.4B
| $831K | 0.01% |
15,188
+184
| +1% | +$9.51K |
|
42
M&T Bank
MTB
$34.7B
| $741K | 0.01% |
4,365
+28
| +0.6% | +$4.54K |
|
43
Lamar Advertising Co
LAMR
$15.3B
| $725K | 0.01% |
8,125
| – | – |
|
44
Walt Disney
DIS
$186B
| $622K | ﹤0.01% |
4,303
-20
| -0.5% | -$2.79K |
|
45
McDonald's
MCD
$192B
| $587K | ﹤0.01% |
2,970
| – | – |
|
46
Apple
AAPL
$4.51T
| $586K | ﹤0.01% |
7,980
-400
| -5% | -$25.7K |
|
47
Microsoft
MSFT
$3.59T
| $583K | ﹤0.01% |
3,695
-100
| -3% | -$14.7K |
|
48
Truist Financial
TFC
$61.6B
| $580K | ﹤0.01% |
10,293
+43
| +0.4% | +$2.33K |
|
49
Walmart Inc
WMT
$825B
| $577K | ﹤0.01% |
14,565
| – | – |
|
|
TWNKW
50
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
| $493K | ﹤0.01% |
250,000
+38,000
| +18% | +$57.2K |
|
Similar funds
Thomas Russo's Q4 2019 Portfolio in Review
As of Q4 2019, Thomas Russo held 96 positions worth $13B, up 1.5% from $12.8B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Thomas Russo's Q4 2019 filing shows 2 new, 10 increased, 61 reduced and 3 closed positions. Its largest new stake was US Bancorp: 3,514 shares worth $208K. The largest sale was Mastercard, an estimated $82.3M.
By sector, the portfolio is most concentrated in Financials at 35% of assets, up from 33% a quarter earlier, followed by Consumer Staples and Communication Services.
- Thomas Russo's largest Q4 2019 buy was US Bancorp: 3,514 shares worth $208K.
- Thomas Russo added most to Alphabet (Google) Class C in Q4 2019, an estimated $74.1M increase.
- Thomas Russo's biggest Q4 2019 reduction was Mastercard, cutting an estimated $82.3M.
- Thomas Russo's ten largest holdings make up 76% of its $13B portfolio in Q4 2019.
- Thomas Russo opened 2 new positions and closed 3 in Q4 2019.
- Thomas Russo's portfolio value rose 1.5% quarter-over-quarter to $13B.
Based on Gardner Russo & Quinn's 13F filing for Q4 2019, filed 11 Feb 2020.