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 |
Berkshire Hathaway Class B
BRK.B
|
+$5.41M |
| 2 |
Philip Morris
PM
|
+$4.24M |
| 3 |
Brown-Forman Class B
BF.B
|
+$1.37M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$816K |
| 5 |
Diageo
DEO
|
+$449K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$13.8M |
| 2 |
Brown-Forman Class A
BF.A
|
+$13.7M |
| 3 |
Mastercard
MA
|
+$9.54M |
| 4 |
UN
Unilever NV New York Registry Shares
UN
|
+$7.96M |
| 5 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$6.27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.28% |
| 2 | Consumer Staples | 24.59% |
| 3 | Materials | 2.87% |
| 4 | Communication Services | 0.59% |
| 5 | Industrials | 0.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
British American Tobacco
BTI
$121B
| $677K | 0.01% |
12,292
-1,558
| -11% | -$86.5K |
|
|
52
Alphabet (Google) Class C
GOOG
$4.18T
| $672K | 0.01% |
22,100
-25,920
| -54% | -$796K |
|
53
Walt Disney
DIS
$186B
| $496K | ﹤0.01% |
4,850
| – | – |
|
54
Fulton Financial
FULT
$4.51B
| $472K | ﹤0.01% |
39,030
+2,000
| +5% | +$25.2K |
|
|
CBI
55
DELISTED
Chicago Bridge & Iron Nv
CBI
| $419K | ﹤0.01% |
10,575
| – | – |
|
56
McDonald's
MCD
$192B
| $359K | ﹤0.01% |
3,645
| – | – |
|
57
ConocoPhillips
COP
$162B
| $350K | ﹤0.01% |
7,288
| – | – |
|
58
American International
AIG
$39.8B
| $341K | ﹤0.01% |
6,000
| – | – |
|
|
PXD
59
DELISTED
Pioneer Natural Resource Co.
PXD
| $328K | ﹤0.01% |
2,700
| – | – |
|
60
GE Aerospace
GE
$361B
| $266K | ﹤0.01% |
2,201
| – | – |
|
61
Carlisle Companies
CSL
$14.6B
| $262K | ﹤0.01% |
3,000
-500
| -14% | -$50K |
|
62
Heartland Express
HTLD
$993M
| $249K | ﹤0.01% |
12,499
| – | – |
|
63
US Bancorp
USB
$96.7B
| $246K | ﹤0.01% |
+6,000
| New | +$260K |
|
|
NLSN
64
DELISTED
Nielsen Holdings plc
NLSN
| $242K | ﹤0.01% |
5,450
| – | – |
|
65
Viatris
VTRS
$18.7B
| $236K | ﹤0.01% |
5,850
| – | – |
|
66
3M
MMM
$92.3B
| $227K | ﹤0.01% |
+1,914
| New | +$235K |
|
67
Union Pacific
UNP
$183B
| $222K | ﹤0.01% |
2,510
| – | – |
|
68
General Dynamics
GD
$104B
| $221K | ﹤0.01% |
1,600
| – | – |
|
69
BP
BP
$115B
| $217K | ﹤0.01% |
8,434
-853
| -9% | -$25K |
|
|
CSFL
70
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $162K | ﹤0.01% |
11,004
| – | – |
|
71
Graham Holdings Company
GHC
$4.94B
| – | – |
-336
| Closed | -$218K |
|
72
Merck
MRK
$376B
| – | – |
-4,020
| Closed | -$218K |
|
73
Oracle
ORCL
$422B
| – | – |
-7,500
| Closed | -$302K |
|
74
SLB Ltd
SLB
$79.9B
| – | – |
-2,525
| Closed | -$218K |
|
75
Spectrum Brands
SPB
$2B
| – | – |
-2,000
| Closed | -$204K |
|
Similar funds
Thomas Russo's Q3 2015 Portfolio in Review
As of Q3 2015, Thomas Russo held 112 positions worth $11.1B, down 2.7% from $11.4B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Thomas Russo's Q3 2015 filing shows 4 new, 19 increased, 47 reduced and 8 closed positions. Its largest new stake was Alphabet (Google) Class A: 25,360 shares worth $809K. The largest sale was Berkshire Hathaway Class A, an estimated $13.8M.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 28% a quarter earlier, followed by Consumer Staples and Materials.
- Thomas Russo's largest Q3 2015 buy was Alphabet (Google) Class A: 25,360 shares worth $809K.
- Thomas Russo added most to Berkshire Hathaway Class B in Q3 2015, an estimated $5.41M increase.
- Thomas Russo's biggest Q3 2015 reduction was Berkshire Hathaway Class A, cutting an estimated $13.8M.
- Thomas Russo fully exited Oracle in Q3 2015, selling an estimated $302K.
- Thomas Russo's ten largest holdings make up 71% of its $11.1B portfolio in Q3 2015.
- Thomas Russo opened 4 new positions and closed 8 in Q3 2015.
- Thomas Russo's portfolio value fell 2.7% quarter-over-quarter to $11.1B.
Based on Gardner Russo & Quinn's 13F filing for Q3 2015, filed 12 Nov 2015.