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 |
Visa
V
|
+$811K |
| 2 |
Vulcan Materials
VMC
|
+$597K |
| 3 |
Fomento Económico Mexicano
FMX
|
+$353K |
| 4 |
Apple
AAPL
|
+$242K |
| 5 |
JPMorgan Chase
JPM
|
+$203K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$52.9M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$38.4M |
| 3 |
UN
Unilever NV New York Registry Shares
UN
|
+$14.1M |
| 4 |
Wells Fargo
WFC
|
+$13.2M |
| 5 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$7.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.44% |
| 2 | Consumer Staples | 19.29% |
| 3 | Materials | 3.1% |
| 4 | Communication Services | 2.04% |
| 5 | Energy | 0.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
McDonald's
MCD
$192B
| $557K | ﹤0.01% |
3,235
-145
| -4% | -$24.4K |
|
52
Walmart Inc
WMT
$825B
| $555K | ﹤0.01% |
16,857
-4,170
| -20% | -$128K |
|
53
Walt Disney
DIS
$186B
| $495K | ﹤0.01% |
4,603
-100
| -2% | -$10.3K |
|
|
PXD
54
DELISTED
Pioneer Natural Resource Co.
PXD
| $467K | ﹤0.01% |
2,700
| – | – |
|
55
Microsoft
MSFT
$3.59T
| $376K | ﹤0.01% |
4,400
-45,000
| -91% | -$3.69M |
|
56
3M
MMM
$92.3B
| $353K | ﹤0.01% |
1,794
-30
| -2% | -$5.77K |
|
57
American International
AIG
$39.8B
| $342K | ﹤0.01% |
5,735
| – | – |
|
58
Union Pacific
UNP
$183B
| $323K | ﹤0.01% |
2,410
| – | – |
|
59
Chemours
CC
$2.4B
| $320K | ﹤0.01% |
6,388
-391
| -6% | -$20.5K |
|
60
SLB Ltd
SLB
$79.9B
| $285K | ﹤0.01% |
4,225
-165
| -4% | -$10.7K |
|
|
MON
61
DELISTED
Monsanto Co
MON
| $283K | ﹤0.01% |
2,425
| – | – |
|
|
MITT
62
TPG Mortgage Investment Trust
MITT
$213M
| $280K | ﹤0.01% |
1,933
| – | – |
|
63
O'Reilly Automotive
ORLY
$72.1B
| $265K | ﹤0.01% |
16,500
| – | – |
|
64
Unum
UNM
$13.9B
| $247K | ﹤0.01% |
4,500
| – | – |
|
|
65
Apple
AAPL
$4.51T
| $245K | ﹤0.01% |
+5,800
| New | +$242K |
|
66
ConocoPhillips
COP
$162B
| $227K | ﹤0.01% |
4,138
-250
| -6% | -$12.9K |
|
|
CSFL
67
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $219K | ﹤0.01% |
8,504
| – | – |
|
|
68
JPMorgan Chase
JPM
$935B
| $214K | ﹤0.01% |
+2,000
| New | +$203K |
|
69
Oracle
ORCL
$422B
| $203K | ﹤0.01% |
4,300
| – | – |
|
|
Y
70
DELISTED
Alleghany Corp
Y
| $193K | ﹤0.01% |
+324
| New | +$185K |
|
71
BP
BP
$115B
| $188K | ﹤0.01% |
+4,889
| New | +$177K |
|
72
Johnson & Johnson
JNJ
$651B
| $184K | ﹤0.01% |
+1,315
| New | +$183K |
|
73
Phillips 66
PSX
$96.9B
| $179K | ﹤0.01% |
1,770
-500
| -22% | -$47.5K |
|
|
WBC
74
DELISTED
WABCO HOLDINGS INC.
WBC
| $179K | ﹤0.01% |
+1,250
| New | +$184K |
|
75
Merck
MRK
$376B
| $162K | ﹤0.01% |
+3,025
| New | +$168K |
|
Similar funds
Thomas Russo's Q4 2017 Portfolio in Review
As of Q4 2017, Thomas Russo held 196 positions worth $14.5B, up 2.7% from $14.1B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Thomas Russo's Q4 2017 filing shows 94 new, 11 increased and 68 reduced positions. Its largest new stake was Apple: 5,800 shares worth $245K. The largest sale was Mastercard, an estimated $52.9M.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 28% a quarter earlier, followed by Consumer Staples and Materials.
- Thomas Russo's largest Q4 2017 buy was Apple: 5,800 shares worth $245K.
- Thomas Russo added most to Visa in Q4 2017, an estimated $811K increase.
- Thomas Russo's biggest Q4 2017 reduction was Mastercard, cutting an estimated $52.9M.
- Thomas Russo's ten largest holdings make up 74% of its $14.5B portfolio in Q4 2017.
- Thomas Russo opened 94 new positions and closed 0 in Q4 2017.
- Thomas Russo's portfolio value rose 2.7% quarter-over-quarter to $14.5B.
Based on Gardner Russo & Quinn's 13F filing for Q4 2017, filed 14 Feb 2018.