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 | |
|---|---|---|---|---|---|---|
101
ManpowerGroup
MAN
$2.86B
| – | – |
-215
| Closed | -$27K |
|
102
Mattel
MAT
$4.15B
| – | – |
-6,625
| Closed | -$102K |
|
103
McKesson
MCK
$100B
| – | – |
-95
| Closed | -$15K |
|
104
Mohawk Industries
MHK
$9.23B
| – | – |
-300
| Closed | -$83K |
|
|
MITT
105
TPG Mortgage Investment Trust
MITT
$213M
| – | – |
-1,933
| Closed | -$280K |
|
106
Merck
MRK
$376B
| – | – |
-3,025
| Closed | -$162K |
|
107
Murphy Oil
MUR
$5.36B
| – | – |
-975
| Closed | -$30K |
|
108
Murphy USA
MUSA
$10.5B
| – | – |
-250
| Closed | -$20K |
|
109
NextEra Energy
NEE
$174B
| – | – |
-2,200
| Closed | -$86K |
|
110
Nike
NKE
$60.5B
| – | – |
-2,350
| Closed | -$147K |
|
111
Northern Trust
NTRS
$33.6B
| – | – |
-1,129
| Closed | -$113K |
|
112
Novartis
NVS
$302B
| – | – |
-140
| Closed | -$10K |
|
113
Newell Brands
NWL
$2.59B
| – | – |
-150
| Closed | -$5K |
|
114
Oracle
ORCL
$422B
| – | – |
-4,300
| Closed | -$203K |
|
115
Pfizer
PFE
$160B
| – | – |
-2,003
| Closed | -$69K |
|
116
Phillips 66
PSX
$96.9B
| – | – |
-1,770
| Closed | -$179K |
|
117
Constellation Brands
STZ
$23.2B
| – | – |
-200
| Closed | -$46K |
|
118
Suncor Energy
SU
$80B
| – | – |
-4,000
| Closed | -$147K |
|
119
AT&T
T
$173B
| – | – |
-1,986
| Closed | -$58K |
|
120
Trane Technologies
TT
$99.8B
| – | – |
-875
| Closed | -$78K |
|
121
UGI
UGI
$8.06B
| – | – |
-1,500
| Closed | -$70K |
|
122
Unilever
UL
$138B
| – | – |
-2,444
| Closed | -$152K |
|
123
Viatris
VTRS
$18.7B
| – | – |
-2,540
| Closed | -$107K |
|
124
Verizon
VZ
$205B
| – | – |
-175
| Closed | -$9K |
|
|
WBA
125
DELISTED
Walgreens Boots Alliance
WBA
| – | – |
-125
| Closed | -$9K |
|
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.