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
|
+$21.8M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$15.7M |
| 3 |
JPMorgan Chase
JPM
|
+$15.4M |
| 4 |
SWZ
Swiss Helvetia Fund
SWZ
|
+$1.78M |
| 5 |
Nike
NKE
|
+$174K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$168M |
| 2 |
UN
Unilever NV New York Registry Shares
UN
|
+$23.7M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$15.3M |
| 4 |
Martin Marietta Materials
MLM
|
+$13.6M |
| 5 |
Comcast
CMCSA
|
+$9.87M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 36.53% |
| 2 | Consumer Staples | 16.71% |
| 3 | Communication Services | 8.47% |
| 4 | Materials | 3.54% |
| 5 | Industrials | 0.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Merck
MRK
$376B
| $326K | ﹤0.01% |
4,124
+10
| +0.2% | +$783 |
|
52
Cable One
CABO
$129M
| $317K | ﹤0.01% |
168
| – | – |
|
53
Danaher
DHR
$154B
| $287K | ﹤0.01% |
1,504
| – | – |
|
54
Oracle
ORCL
$422B
| $239K | ﹤0.01% |
4,000
| – | – |
|
|
RDS.A
55
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $230K | ﹤0.01% |
9,146
-350
| -4% | -$10.6K |
|
|
PXD
56
DELISTED
Pioneer Natural Resource Co.
PXD
| $215K | ﹤0.01% |
2,500
| – | – |
|
|
57
Nike
NKE
$60.5B
| $203K | ﹤0.01% |
+1,617
| New | +$174K |
|
|
TWNKW
58
DELISTED
Hostess Brands, Inc. Warrants
TWNKW
| $176K | ﹤0.01% |
215,000
-35,000
| -14% | -$31.8K |
|
59
Bank of America
BAC
$431B
| – | – |
-48,975
| Closed | -$1.16M |
|
|
EVF
60
Eaton Vance Senior Income Trust
EVF
$89.9M
| – | – |
-306,404
| Closed | -$1.63M |
|
Similar funds
Thomas Russo's Q3 2020 Portfolio in Review
As of Q3 2020, Thomas Russo held 89 positions worth $10.3B, up 4.6% from $9.84B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Thomas Russo withdrew a net $476M in Q3 2020, closing 3 positions and reducing 44 holdings. Its most notable exit was Eaton Vance Senior Income Trust, an estimated $1.63M position sold in full.
By sector, the portfolio is most concentrated in Financials at 37% of assets, up from 35% a quarter earlier, followed by Consumer Staples and Communication Services.
Against the trend, Thomas Russo opened a new position in Swiss Helvetia Fund worth $1.8M.
- Thomas Russo's largest Q3 2020 buy was Swiss Helvetia Fund: 217,561 shares worth $1.8M.
- Thomas Russo added most to Alphabet (Google) Class C in Q3 2020, an estimated $21.8M increase.
- Thomas Russo's biggest Q3 2020 reduction was Mastercard, cutting an estimated $168M.
- Thomas Russo fully exited Eaton Vance Senior Income Trust in Q3 2020, selling an estimated $1.63M.
- Thomas Russo's ten largest holdings make up 81% of its $10.3B portfolio in Q3 2020.
- Thomas Russo opened 3 new positions and closed 3 in Q3 2020.
- Thomas Russo's portfolio value rose 4.6% quarter-over-quarter to $10.3B.
Based on Gardner Russo & Quinn's 13F filing for Q3 2020, filed 12 Nov 2020.