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 |
Alphabet (Google) Class C
GOOG
|
+$840K |
| 2 |
Chemours
CC
|
+$233K |
| 3 |
US Bancorp
USB
|
+$216K |
| 4 |
BP
BP
|
+$213K |
| 5 |
Oracle
ORCL
|
+$204K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$138M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$96.6M |
| 3 |
UN
Unilever NV New York Registry Shares
UN
|
+$55.6M |
| 4 |
Wells Fargo
WFC
|
+$34.1M |
| 5 |
Philip Morris
PM
|
+$32.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.59% |
| 2 | Consumer Staples | 18.09% |
| 3 | Materials | 2.97% |
| 4 | Communication Services | 2.82% |
| 5 | Energy | 0.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Coty
COTY
$2.41B
| $343K | ﹤0.01% |
29,853
-4,505
| -13% | -$42.6K |
|
52
Union Pacific
UNP
$183B
| $303K | ﹤0.01% |
1,810
-100
| -5% | -$16.1K |
|
|
TWNKW
53
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
| $276K | ﹤0.01% |
212,000
| – | – |
|
54
American International
AIG
$39.8B
| $247K | ﹤0.01% |
5,735
| – | – |
|
|
55
Chemours
CC
$2.4B
| $238K | ﹤0.01% |
+6,416
| New | +$233K |
|
56
3M
MMM
$92.3B
| $237K | ﹤0.01% |
1,363
| – | – |
|
57
Merck
MRK
$376B
| $232K | ﹤0.01% |
2,920
| – | – |
|
|
58
BP
BP
$115B
| $223K | ﹤0.01% |
+5,192
| New | +$213K |
|
|
59
Oracle
ORCL
$422B
| $215K | ﹤0.01% |
+4,000
| New | +$204K |
|
60
IBM
IBM
$222B
| $213K | ﹤0.01% |
+1,582
| New | +$202K |
|
|
61
US Bancorp
USB
$96.7B
| $208K | ﹤0.01% |
+4,314
| New | +$216K |
|
|
CHX
62
DELISTED
ChampionX
CHX
| – | – |
-11,737
| Closed | -$318K |
|
63
Kraft Heinz
KHC
$30.3B
| – | – |
-23,940
| Closed | -$1.03M |
|
|
Y
64
DELISTED
Alleghany Corp
Y
| – | – |
-324
| Closed | -$202K |
|
Similar funds
Thomas Russo's Q1 2019 Portfolio in Review
As of Q1 2019, Thomas Russo held 96 positions worth $12.9B, up 6.9% from $12B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Thomas Russo withdrew a net $795M in Q1 2019, closing 3 positions and reducing 50 holdings. Its most notable exit was Kraft Heinz, an estimated $1.03M position sold in full.
By sector, the portfolio is most concentrated in Financials at 33% of assets, down from 34% a quarter earlier, followed by Consumer Staples and Materials.
Against the trend, Thomas Russo opened a new position in Chemours worth $238K.
- Thomas Russo's largest Q1 2019 buy was Chemours: 6,416 shares worth $238K.
- Thomas Russo added most to Alphabet (Google) Class C in Q1 2019, an estimated $840K increase.
- Thomas Russo's biggest Q1 2019 reduction was Mastercard, cutting an estimated $138M.
- Thomas Russo fully exited Kraft Heinz in Q1 2019, selling an estimated $1.03M.
- Thomas Russo's ten largest holdings make up 77% of its $12.9B portfolio in Q1 2019.
- Thomas Russo opened 8 new positions and closed 3 in Q1 2019.
- Thomas Russo's portfolio value rose 6.9% quarter-over-quarter to $12.9B.
Based on Gardner Russo & Quinn's 13F filing for Q1 2019, filed 15 May 2019.