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
|
+$11M |
| 2 |
Mastercard
MA
|
+$4.62M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$3.36M |
| 4 |
Philip Morris
PM
|
+$2.85M |
| 5 |
AB InBev
BUD
|
+$1.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$7.77M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$7.02M |
| 3 |
Graham Holdings Company
GHC
|
+$3.3M |
| 4 |
Goldman Sachs
GS
|
+$2.86M |
| 5 |
Brown-Forman Class A
BF.A
|
+$2.62M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 26.13% |
| 2 | Consumer Staples | 25.02% |
| 3 | Materials | 2.45% |
| 4 | Communication Services | 0.99% |
| 5 | Industrials | 0.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.06T
| $963M | 8.9% |
5,072
-37
| -0.7% | -$7.02M |
|
|
2
Philip Morris
PM
$293B
| $862M | 7.96% |
10,224,197
+33,160
| +0.3% | +$2.85M |
|
3
Wells Fargo
WFC
$254B
| $770M | 7.11% |
14,645,771
-43,326
| -0.3% | -$2.18M |
|
|
4
Mastercard
MA
$509B
| $727M | 6.71% |
9,889,730
+62,193
| +0.6% | +$4.62M |
|
|
5
AB InBev
BUD
$155B
| $579M | 5.35% |
5,037,319
+17,581
| +0.4% | +$1.93M |
|
|
UN
6
DELISTED
Unilever NV New York Registry Shares
UN
| $565M | 5.22% |
12,911,330
+256,730
| +2% | +$11M |
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.06T
| $308M | 2.84% |
2,432,159
+26,530
| +1% | +$3.36M |
|
8
Altria Group
MO
$110B
| $299M | 2.76% |
7,133,191
-15,761
| -0.2% | -$634K |
|
|
9
Brown-Forman Class A
BF.A
$13.3B
| $263M | 2.43% |
7,118,740
-72,658
| -1% | -$2.62M |
|
10
Martin Marietta Materials
MLM
$32.1B
| $260M | 2.41% |
1,972,412
-20,190
| -1% | -$2.54M |
|
|
CMCSK
11
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $252M | 2.33% |
4,729,744
-39,900
| -0.8% | -$2.13M |
|
|
SNI
12
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $104M | 0.96% |
1,279,458
-101,621
| -7% | -$7.77M |
|
13
Diageo
DEO
$52.6B
| $54M | 0.5% |
423,984
-1,201
| -0.3% | -$151K |
|
|
14
Graham Holdings Company
GHC
$4.94B
| $49M | 0.45% |
113,008
-7,920
| -7% | -$3.3M |
|
|
15
Brown-Forman Class B
BF.B
$13.1B
| $40.7M | 0.38% |
1,350,806
-5,285
| -0.4% | -$155K |
|
16
Visa
V
$693B
| $23.6M | 0.22% |
448,604
+5,896
| +1% | +$308K |
|
17
ExxonMobil
XOM
$679B
| $15.5M | 0.14% |
154,166
-25,985
| -14% | -$2.62M |
|
18
Crane NXT
CXT
$2.89B
| $12.6M | 0.12% |
489,004
-2,015
| -0.4% | -$50.9K |
|
19
American Express
AXP
$227B
| $12.3M | 0.11% |
129,770
+335
| +0.3% | +$30.2K |
|
20
Markel Group
MKL
$22.2B
| $12.1M | 0.11% |
18,502
-425
| -2% | -$268K |
|
21
MillerKnoll
MLKN
$1.57B
| $10.5M | 0.1% |
346,886
-8,784
| -2% | -$272K |
|
22
Fomento Económico Mexicano
FMX
$41.1B
| $10.4M | 0.1% |
110,560
-240
| -0.2% | -$22.8K |
|
23
Procter & Gamble
PG
$336B
| $9.57M | 0.09% |
121,787
-5,510
| -4% | -$444K |
|
24
Coca-Cola
KO
$392B
| $8.83M | 0.08% |
208,377
+664
| +0.3% | +$26.9K |
|
25
Dover
DOV
$27.2B
| $7.15M | 0.07% |
97,344
| – | – |
|
Similar funds
Thomas Russo's Q2 2014 Portfolio in Review
As of Q2 2014, Thomas Russo held 115 positions worth $10.8B, up 4.6% from $10.3B the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Thomas Russo's Q2 2014 filing shows 3 new, 32 increased, 44 reduced and 3 closed positions. Its largest new stake was Union Pacific: 2,730 shares worth $272K. The largest sale was Scripps Networks Interactive, Inc Common Class A, an estimated $7.77M.
By sector, the portfolio is most concentrated in Financials at 26% of assets, down from 27% a quarter earlier, followed by Consumer Staples and Materials.
- Thomas Russo's largest Q2 2014 buy was Union Pacific: 2,730 shares worth $272K.
- Thomas Russo added most to Unilever NV New York Registry Shares in Q2 2014, an estimated $11M increase.
- Thomas Russo's biggest Q2 2014 reduction was Scripps Networks Interactive, Inc Common Class A, cutting an estimated $7.77M.
- Thomas Russo fully exited Knowles in Q2 2014, selling an estimated $1.22M.
- Thomas Russo's ten largest holdings make up 71% of its $10.8B portfolio in Q2 2014.
- Thomas Russo opened 3 new positions and closed 3 in Q2 2014.
- Thomas Russo's portfolio value rose 4.6% quarter-over-quarter to $10.8B.
Based on Gardner Russo & Quinn's 13F filing for Q2 2014, filed 13 Aug 2014.