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 |
Philip Morris
PM
|
+$37.2M |
| 2 |
AB InBev
BUD
|
+$24.8M |
| 3 |
UN
Unilever NV New York Registry Shares
UN
|
+$23.5M |
| 4 |
Wells Fargo
WFC
|
+$16.1M |
| 5 |
Mastercard
MA
|
+$13.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Graham Holdings Company
GHC
|
+$3.19M |
| 2 |
Hasbro
HAS
|
+$1.48M |
| 3 |
ExxonMobil
XOM
|
+$1.34M |
| 4 |
Procter & Gamble
PG
|
+$1.21M |
| 5 |
Brown-Forman Class A
BF.A
|
+$664K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.55% |
| 2 | Consumer Staples | 24.33% |
| 3 | Materials | 1.93% |
| 4 | Communication Services | 1.19% |
| 5 | Industrials | 0.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CBI
51
DELISTED
Chicago Bridge & Iron Nv
CBI
| $1.04M | 0.01% |
+15,325
| New | +$946K |
|
52
ConocoPhillips
COP
$162B
| $1.03M | 0.01% |
14,856
-1,188
| -7% | -$79.3K |
|
53
Lamar Advertising Co
LAMR
$15.3B
| $965K | 0.01% |
20,525
-500
| -2% | -$22K |
|
54
BP
BP
$115B
| $954K | 0.01% |
27,760
-3,172
| -10% | -$109K |
|
55
Fulton Financial
FULT
$4.51B
| $938K | 0.01% |
80,298
-815
| -1% | -$9.95K |
|
56
Alphabet (Google) Class C
GOOG
$4.18T
| $907K | 0.01% |
41,595
+5,581
| +15% | +$123K |
|
|
SWZ
57
Swiss Helvetia Fund
SWZ
$76.9M
| $726K | 0.01% |
51,025
| – | – |
|
58
British American Tobacco
BTI
$121B
| $694K | 0.01% |
13,200
| – | – |
|
59
Carlisle Companies
CSL
$14.6B
| $688K | 0.01% |
9,784
-600
| -6% | -$40.4K |
|
60
Bank of America
BAC
$431B
| $683K | 0.01% |
49,500
| – | – |
|
61
Costco
COST
$420B
| $674K | 0.01% |
5,855
| – | – |
|
|
PXD
62
DELISTED
Pioneer Natural Resource Co.
PXD
| $510K | 0.01% |
2,700
-300
| -10% | -$51K |
|
63
Jefferies Financial Group
JEF
$12.1B
| $493K | 0.01% |
20,220
-1,117
| -5% | -$26.7K |
|
64
Oracle
ORCL
$422B
| $415K | ﹤0.01% |
12,500
-625
| -5% | -$20.3K |
|
65
Walt Disney
DIS
$186B
| $411K | ﹤0.01% |
6,375
-725
| -10% | -$46.5K |
|
66
McDonald's
MCD
$192B
| $394K | ﹤0.01% |
4,091
-1,094
| -21% | -$107K |
|
67
SLB Ltd
SLB
$79.9B
| $296K | ﹤0.01% |
3,350
-75
| -2% | -$6.16K |
|
68
American International
AIG
$39.8B
| $292K | ﹤0.01% |
6,000
| – | – |
|
69
Danaher
DHR
$154B
| $288K | ﹤0.01% |
6,176
| – | – |
|
70
Boeing
BA
$169B
| $286K | ﹤0.01% |
2,430
-827
| -25% | -$89.1K |
|
71
Mattel
MAT
$4.15B
| $277K | ﹤0.01% |
6,625
-5,000
| -43% | -$214K |
|
72
Merck
MRK
$376B
| $273K | ﹤0.01% |
6,011
| – | – |
|
73
General Dynamics
GD
$104B
| $263K | ﹤0.01% |
3,000
-225
| -7% | -$19.1K |
|
74
Northern Trust
NTRS
$33.6B
| $240K | ﹤0.01% |
4,415
-85
| -2% | -$4.88K |
|
|
SUSQ
75
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $218K | ﹤0.01% |
17,429
| – | – |
|
Similar funds
Thomas Russo's Q3 2013 Portfolio in Review
As of Q3 2013, Thomas Russo held 120 positions worth $9.42B, up 9.9% from $8.58B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Thomas Russo deployed $393M of net new capital in Q3 2013, opening 5 new positions and adding to 34 existing holdings. Its largest new stake was Chicago Bridge & Iron Nv: 15,325 shares worth $1.04M.
By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 26% a quarter earlier, followed by Consumer Staples and Materials.
On the sell side, the largest reduction was Graham Holdings Company, an estimated $3.19M trimmed.
- Thomas Russo's largest Q3 2013 buy was Chicago Bridge & Iron Nv: 15,325 shares worth $1.04M.
- Thomas Russo added most to Philip Morris in Q3 2013, an estimated $37.2M increase.
- Thomas Russo's biggest Q3 2013 reduction was Graham Holdings Company, cutting an estimated $3.19M.
- Thomas Russo fully exited State Street SPDR S&P 500 ETF Trust in Q3 2013, selling an estimated $273K.
- Thomas Russo's ten largest holdings make up 72% of its $9.42B portfolio in Q3 2013.
- Thomas Russo opened 5 new positions and closed 7 in Q3 2013.
- Thomas Russo's portfolio value rose 9.9% quarter-over-quarter to $9.42B.
Based on Gardner Russo & Quinn's 13F filing for Q3 2013, filed 14 Nov 2013.