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 |
Uber
UBER
|
+$15.7M |
| 2 |
Unum
UNM
|
+$197K |
| 3 |
Altria Group
MO
|
+$124K |
| 4 |
Union Pacific
UNP
|
+$120K |
| 5 |
ExxonMobil
XOM
|
+$97.8K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$169M |
| 2 |
Netflix
NFLX
|
+$141M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$95.3M |
| 4 |
Mastercard
MA
|
+$92.3M |
| 5 |
Martin Marietta Materials
MLM
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 35.57% |
| 2 | Communication Services | 17.94% |
| 3 | Consumer Staples | 7.24% |
| 4 | Materials | 5.09% |
| 5 | Technology | 2.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
McCormick & Company Non-Voting
MKC
$14.9B
| $3.34M | 0.03% |
43,445
-675
| -2% | -$45.9K |
|
|
27
Alphabet (Google) Class A
GOOGL
$4.22T
| $3.31M | 0.03% |
21,930
-600
| -3% | -$85.8K |
|
28
AbbVie
ABBV
$468B
| $2.28M | 0.02% |
12,510
| – | – |
|
29
Microsoft
MSFT
$3.59T
| $2.26M | 0.02% |
5,362
+144
| +3% | +$58.3K |
|
|
SWZ
30
Swiss Helvetia Fund
SWZ
$76.9M
| $2.18M | 0.02% |
274,948
+4,444
| +2% | +$35.4K |
|
31
PepsiCo
PEP
$196B
| $2.18M | 0.02% |
12,443
-605
| -5% | -$102K |
|
32
Hormel Foods
HRL
$13.1B
| $2.12M | 0.02% |
60,813
-14,759
| -20% | -$471K |
|
33
Fulton Financial
FULT
$4.51B
| $1.85M | 0.02% |
116,305
-500
| -0.4% | -$7.81K |
|
34
Apple
AAPL
$4.51T
| $1.37M | 0.01% |
7,974
-1,300
| -14% | -$236K |
|
35
Abbott
ABT
$202B
| $1.32M | 0.01% |
11,610
| – | – |
|
36
DuPont de Nemours
DD
$18.7B
| $1.19M | 0.01% |
12,334
-2,165
| -15% | -$193K |
|
37
PNC Financial Services
PNC
$97B
| $1.18M | 0.01% |
7,293
-375
| -5% | -$56.5K |
|
38
Outfront Media
OUT
$5.25B
| $1.06M | 0.01% |
64,392
-22,920
| -26% | -$323K |
|
39
Dow Inc
DOW
$23.4B
| $1.04M | 0.01% |
17,874
-3,074
| -15% | -$170K |
|
40
Coca-Cola
KO
$392B
| $953K | 0.01% |
15,580
-2,665
| -15% | -$160K |
|
41
Fomento Económico Mexicano
FMX
$41.1B
| $824K | 0.01% |
6,325
-1,780
| -22% | -$232K |
|
42
Lamar Advertising Co
LAMR
$15.3B
| $785K | 0.01% |
6,575
| – | – |
|
43
Unilever
UL
$138B
| $761K | 0.01% |
13,482
-30,850
| -70% | -$1.71M |
|
44
Chevron
CVX
$403B
| $731K | 0.01% |
4,636
-102
| -2% | -$15.4K |
|
45
Walmart Inc
WMT
$825B
| $624K | 0.01% |
10,365
| – | – |
|
46
McDonald's
MCD
$192B
| $545K | 0.01% |
1,932
| – | – |
|
47
Walt Disney
DIS
$186B
| $500K | 0.01% |
4,086
-85
| -2% | -$8.88K |
|
48
Merck
MRK
$376B
| $464K | ﹤0.01% |
3,513
-293
| -8% | -$36.1K |
|
49
Truist Financial
TFC
$61.6B
| $444K | ﹤0.01% |
11,381
+94
| +0.8% | +$3.44K |
|
50
Oracle
ORCL
$422B
| $436K | ﹤0.01% |
3,475
-22
| -0.6% | -$2.52K |
|
Similar funds
Thomas Russo's Q1 2024 Portfolio in Review
As of Q1 2024, Thomas Russo held 84 positions worth $9.75B, down 0.67% from $9.81B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Thomas Russo withdrew a net $828M in Q1 2024, closing 3 positions and reducing 50 holdings. Its most notable exit was Graham Holdings Company, an estimated $808K position sold in full.
By sector, the portfolio is most concentrated in Financials at 36% of assets, up from 34% a quarter earlier, followed by Communication Services and Consumer Staples.
Against the trend, Thomas Russo opened a new position in Unum worth $217K.
- Thomas Russo's largest Q1 2024 buy was Unum: 4,050 shares worth $217K.
- Thomas Russo added most to Uber in Q1 2024, an estimated $15.7M increase.
- Thomas Russo's biggest Q1 2024 reduction was Berkshire Hathaway Class A, cutting an estimated $169M.
- Thomas Russo fully exited Graham Holdings Company in Q1 2024, selling an estimated $808K.
- Thomas Russo's ten largest holdings make up 79% of its $9.75B portfolio in Q1 2024.
- Thomas Russo opened 2 new positions and closed 3 in Q1 2024.
- Thomas Russo's portfolio value fell 0.67% quarter-over-quarter to $9.75B.
Based on Gardner Russo & Quinn's 13F filing for Q1 2024, filed 14 May 2024.