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
|
+$25.9M |
| 2 |
Philip Morris
PM
|
+$24.7M |
| 3 |
Brown-Forman Class B
BF.B
|
+$23.9M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$10.3M |
| 5 |
Altria Group
MO
|
+$3.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brown-Forman Class A
BF.A
|
+$58.1M |
| 2 |
Mastercard
MA
|
+$34.1M |
| 3 |
Wells Fargo
WFC
|
+$7.14M |
| 4 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$5.22M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$4.31M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.44% |
| 2 | Consumer Staples | 18.99% |
| 3 | Materials | 2.95% |
| 4 | Communication Services | 1.73% |
| 5 | Industrials | 0.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Caterpillar
CAT
$381B
| – | – |
-650
| Closed | -$102K |
|
77
Colgate-Palmolive
CL
$72.6B
| – | – |
-2,100
| Closed | -$158K |
|
78
Canadian National Railway
CNI
$78.5B
| – | – |
-200
| Closed | -$17K |
|
79
ConocoPhillips
COP
$162B
| – | – |
-4,138
| Closed | -$227K |
|
80
Campbell Soup
CPB
$7.14B
| – | – |
-1,300
| Closed | -$63K |
|
81
Carlisle Companies
CSL
$14.6B
| – | – |
-900
| Closed | -$102K |
|
82
CSX Corp
CSX
$95.6B
| – | – |
-4,200
| Closed | -$77K |
|
83
Deere & Co
DE
$175B
| – | – |
-65
| Closed | -$10K |
|
84
Danaher
DHR
$154B
| – | – |
-1,579
| Closed | -$130K |
|
85
Daily Journal
DJCO
$827M
| – | – |
-100
| Closed | -$23K |
|
86
Estee Lauder
EL
$36.9B
| – | – |
-190
| Closed | -$24K |
|
87
Elevance Health
ELV
$86.9B
| – | – |
-100
| Closed | -$23K |
|
88
Fastenal
FAST
$58.8B
| – | – |
-5,100
| Closed | -$70K |
|
89
FedEx
FDX
$76.9B
| – | – |
-370
| Closed | -$92K |
|
90
Fortive
FTV
$18.1B
| – | – |
-793
| Closed | -$36K |
|
91
GE Aerospace
GE
$361B
| – | – |
-1,477
| Closed | -$124K |
|
92
Graham Holdings Company
GHC
$4.94B
| – | – |
-138
| Closed | -$77K |
|
93
Hain Celestial
HAIN
$71.6M
| – | – |
-100
| Closed | -$4K |
|
94
Hasbro
HAS
$13.2B
| – | – |
-1,507
| Closed | -$137K |
|
95
Home Depot
HD
$335B
| – | – |
-450
| Closed | -$85K |
|
96
Hershey
HSY
$37.5B
| – | – |
-676
| Closed | -$77K |
|
97
Heartland Express
HTLD
$993M
| – | – |
-6,499
| Closed | -$152K |
|
98
Knowles
KN
$2.85B
| – | – |
-300
| Closed | -$4K |
|
99
Lockheed Martin
LMT
$130B
| – | – |
-170
| Closed | -$55K |
|
100
Lowe's Companies
LOW
$121B
| – | – |
-300
| Closed | -$28K |
|
Similar funds
Thomas Russo's Q1 2018 Portfolio in Review
As of Q1 2018, Thomas Russo held 197 positions worth $14.3B, down 1.3% from $14.5B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Thomas Russo's Q1 2018 filing shows 1 new, 27 increased, 51 reduced and 97 closed positions. The largest sale was Brown-Forman Class A, an estimated $58.1M.
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 Q1 2018, an estimated $25.9M increase.
- Thomas Russo's biggest Q1 2018 reduction was Brown-Forman Class A, cutting an estimated $58.1M.
- Thomas Russo fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $5.22M.
- Thomas Russo's ten largest holdings make up 75% of its $14.3B portfolio in Q1 2018.
- Thomas Russo opened 1 new position and closed 97 in Q1 2018.
- Thomas Russo's portfolio value fell 1.3% quarter-over-quarter to $14.3B.
Based on Gardner Russo & Quinn's 13F filing for Q1 2018, filed 11 May 2018.