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
|
+$27.5M |
| 2 |
Martin Marietta Materials
MLM
|
+$8.55M |
| 3 |
AB InBev
BUD
|
+$5.59M |
| 4 |
Mastercard
MA
|
+$2.07M |
| 5 |
MTB.WS
M&T Bank Corporation
MTB.WS
|
+$472K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Philip Morris
PM
|
+$32.5M |
| 2 |
Altria Group
MO
|
+$8.01M |
| 3 |
Graham Holdings Company
GHC
|
+$5.5M |
| 4 |
Berkshire Hathaway Class A
BRK.A
|
+$4.76M |
| 5 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$3.94M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.46% |
| 2 | Consumer Staples | 24.14% |
| 3 | Materials | 2.1% |
| 4 | Communication Services | 0.9% |
| 5 | Industrials | 0.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Lamar Advertising Co
LAMR
$15.3B
| $797K | 0.01% |
14,860
-500
| -3% | -$25.8K |
|
|
SWZ
52
Swiss Helvetia Fund
SWZ
$76.9M
| $792K | 0.01% |
71,097
| – | – |
|
53
Fulton Financial
FULT
$4.51B
| $664K | 0.01% |
53,688
-11,000
| -17% | -$130K |
|
54
Walt Disney
DIS
$186B
| $622K | 0.01% |
6,600
| – | – |
|
55
ConocoPhillips
COP
$162B
| $577K | 0.01% |
8,356
-1,000
| -11% | -$69.8K |
|
|
CBI
56
DELISTED
Chicago Bridge & Iron Nv
CBI
| $505K | ﹤0.01% |
12,025
| – | – |
|
57
Oracle
ORCL
$422B
| $450K | ﹤0.01% |
10,000
| – | – |
|
58
General Dynamics
GD
$104B
| $413K | ﹤0.01% |
3,000
| – | – |
|
|
PXD
59
DELISTED
Pioneer Natural Resource Co.
PXD
| $402K | ﹤0.01% |
2,700
| – | – |
|
60
Heartland Express
HTLD
$993M
| $392K | ﹤0.01% |
14,499
| – | – |
|
61
McDonald's
MCD
$192B
| $344K | ﹤0.01% |
3,670
| – | – |
|
62
American International
AIG
$39.8B
| $336K | ﹤0.01% |
6,000
| – | – |
|
63
Outfront Media
OUT
$5.25B
| $334K | ﹤0.01% |
12,652
-111
| -0.9% | -$2.71K |
|
64
Union Pacific
UNP
$183B
| $325K | ﹤0.01% |
2,730
| – | – |
|
65
Carlisle Companies
CSL
$14.6B
| $316K | ﹤0.01% |
3,500
-400
| -10% | -$34.6K |
|
66
BP
BP
$115B
| $302K | ﹤0.01% |
9,551
-135
| -1% | -$4.54K |
|
67
GE Aerospace
GE
$361B
| $295K | ﹤0.01% |
2,433
-1
| -0% | -$123 |
|
68
Merck
MRK
$376B
| $246K | ﹤0.01% |
4,544
| – | – |
|
69
SLB Ltd
SLB
$79.9B
| $246K | ﹤0.01% |
2,875
| – | – |
|
70
Northern Trust
NTRS
$33.6B
| $231K | ﹤0.01% |
3,432
-902
| -21% | -$60K |
|
|
NLSN
71
DELISTED
Nielsen Holdings plc
NLSN
| $219K | ﹤0.01% |
4,900
+100
| +2% | +$4.28K |
|
72
Mattel
MAT
$4.15B
| $205K | ﹤0.01% |
6,625
| – | – |
|
|
SUSQ
73
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $188K | ﹤0.01% |
14,000
-1,125
| -7% | -$13.1K |
|
|
CSFL
74
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $131K | ﹤0.01% |
11,004
| – | – |
|
75
Deere & Co
DE
$175B
| – | – |
-28,415
| Closed | -$2.33M |
|
Similar funds
Thomas Russo's Q4 2014 Portfolio in Review
As of Q4 2014, Thomas Russo held 112 positions worth $11B, up 3.4% from $10.6B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Trading was light in Q4 2014: portfolio turnover was 4.5%. Thomas Russo opened 2 new positions and exited 3, leaving the 112-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 29% of assets, up from 28% a quarter earlier, followed by Consumer Staples and Materials.
- Thomas Russo added most to Unilever NV New York Registry Shares in Q4 2014, an estimated $27.5M increase.
- Thomas Russo's biggest Q4 2014 reduction was Philip Morris, cutting an estimated $32.5M.
- Thomas Russo fully exited Deere & Co in Q4 2014, selling an estimated $2.33M.
- Thomas Russo's ten largest holdings make up 72% of its $11B portfolio in Q4 2014.
- Thomas Russo opened 2 new positions and closed 3 in Q4 2014.
- Thomas Russo's portfolio value rose 3.4% quarter-over-quarter to $11B.
Based on Gardner Russo & Quinn's 13F filing for Q4 2014, filed 12 Feb 2015.