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 |
UN
Unilever NV New York Registry Shares
UN
|
+$32.9M |
| 2 |
Philip Morris
PM
|
+$17.8M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$10.3M |
| 4 |
AB InBev
BUD
|
+$7.64M |
| 5 |
Wells Fargo
WFC
|
+$7.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$6.24M |
| 2 |
ExxonMobil
XOM
|
+$2.93M |
| 3 |
Graham Holdings Company
GHC
|
+$1.88M |
| 4 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$1.54M |
| 5 |
Dover
DOV
|
+$1.47M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.91% |
| 2 | Consumer Staples | 24.59% |
| 3 | Materials | 2.53% |
| 4 | Communication Services | 1.05% |
| 5 | Industrials | 0.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CBI
51
DELISTED
Chicago Bridge & Iron Nv
CBI
| $1.12M | 0.01% |
12,875
-2,000
| -13% | -$162K |
|
52
Lamar Advertising Co
LAMR
$15.3B
| $1.08M | 0.01% |
21,110
+585
| +3% | +$29.9K |
|
53
Fulton Financial
FULT
$4.51B
| $1.01M | 0.01% |
80,298
| – | – |
|
|
SWZ
54
Swiss Helvetia Fund
SWZ
$76.9M
| $971K | 0.01% |
67,543
+11,518
| +21% | +$163K |
|
55
ConocoPhillips
COP
$162B
| $907K | 0.01% |
12,887
+31
| +0.2% | +$2.08K |
|
56
Bank of America
BAC
$431B
| $851K | 0.01% |
49,500
| – | – |
|
57
Costco
COST
$420B
| $766K | 0.01% |
6,855
+1,000
| +17% | +$114K |
|
58
Carlisle Companies
CSL
$14.6B
| $722K | 0.01% |
9,100
-600
| -6% | -$46.6K |
|
59
BP
BP
$115B
| $671K | 0.01% |
17,055
-10,705
| -39% | -$422K |
|
60
GE Aerospace
GE
$361B
| $589K | 0.01% |
4,749
-4,328
| -48% | -$535K |
|
61
Colgate-Palmolive
CL
$72.6B
| $577K | 0.01% |
+8,900
| New | +$561K |
|
|
PXD
62
DELISTED
Pioneer Natural Resource Co.
PXD
| $505K | ﹤0.01% |
2,700
| – | – |
|
63
Walt Disney
DIS
$186B
| $496K | ﹤0.01% |
6,200
-175
| -3% | -$13.6K |
|
64
Oracle
ORCL
$422B
| $409K | ﹤0.01% |
10,000
-2,500
| -20% | -$95.2K |
|
65
McDonald's
MCD
$192B
| $388K | ﹤0.01% |
3,960
| – | – |
|
66
Heartland Express
HTLD
$993M
| $329K | ﹤0.01% |
14,499
| – | – |
|
67
General Dynamics
GD
$104B
| $327K | ﹤0.01% |
3,000
| – | – |
|
68
SLB Ltd
SLB
$79.9B
| $302K | ﹤0.01% |
3,100
-250
| -7% | -$22.6K |
|
69
American International
AIG
$39.8B
| $300K | ﹤0.01% |
6,000
| – | – |
|
70
Progressive
PGR
$127B
| $286K | ﹤0.01% |
11,800
-4,978
| -30% | -$121K |
|
71
Northern Trust
NTRS
$33.6B
| $284K | ﹤0.01% |
4,334
| – | – |
|
72
Mattel
MAT
$4.15B
| $266K | ﹤0.01% |
6,625
| – | – |
|
73
Merck
MRK
$376B
| $258K | ﹤0.01% |
4,754
| – | – |
|
74
Phillips 66
PSX
$96.9B
| $210K | ﹤0.01% |
2,720
| – | – |
|
|
NLSN
75
DELISTED
Nielsen Holdings plc
NLSN
| $205K | ﹤0.01% |
+4,600
| New | +$206K |
|
Similar funds
Thomas Russo's Q1 2014 Portfolio in Review
As of Q1 2014, Thomas Russo held 115 positions worth $10.3B, up 2.3% from $10.1B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Thomas Russo's Q1 2014 filing shows 5 new, 43 increased, 33 reduced and 3 closed positions. Its largest new stake was Knowles: 38,564 shares worth $1.22M. The largest sale was Mastercard, an estimated $6.24M.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 27% a quarter earlier, followed by Consumer Staples and Materials.
- Thomas Russo's largest Q1 2014 buy was Knowles: 38,564 shares worth $1.22M.
- Thomas Russo added most to Unilever NV New York Registry Shares in Q1 2014, an estimated $32.9M increase.
- Thomas Russo's biggest Q1 2014 reduction was Mastercard, cutting an estimated $6.24M.
- Thomas Russo fully exited Boeing in Q1 2014, selling an estimated $332K.
- Thomas Russo's ten largest holdings make up 71% of its $10.3B portfolio in Q1 2014.
- Thomas Russo opened 5 new positions and closed 3 in Q1 2014.
- Thomas Russo's portfolio value rose 2.3% quarter-over-quarter to $10.3B.
Based on Gardner Russo & Quinn's 13F filing for Q1 2014, filed 13 May 2014.