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 |
Philip Morris
PM
|
+$17.8M |
| 2 |
UN
Unilever NV New York Registry Shares
UN
|
+$7.45M |
| 3 |
AB InBev
BUD
|
+$4.9M |
| 4 |
Wells Fargo
WFC
|
+$4M |
| 5 |
Martin Marietta Materials
MLM
|
+$3.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Graham Holdings Company
GHC
|
+$55.4M |
| 2 |
Altria Group
MO
|
+$20.7M |
| 3 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$10M |
| 4 |
Goldman Sachs
GS
|
+$1.5M |
| 5 |
Brown-Forman Class A
BF.A
|
+$882K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.6% |
| 2 | Consumer Staples | 24.3% |
| 3 | Materials | 2.65% |
| 4 | Communication Services | 0.82% |
| 5 | Industrials | 0.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.1B | 9.9% |
5,064
+4
| +0.1% | +$884K |
|
2
Mastercard
MA
$509B
| $866M | 7.78% |
10,020,489
+38,208
| +0.4% | +$3.31M |
|
|
3
Wells Fargo
WFC
$254B
| $799M | 7.18% |
14,681,593
+74,084
| +0.5% | +$4M |
|
|
4
Philip Morris
PM
$293B
| $760M | 6.83% |
10,093,731
+219,779
| +2% | +$17.8M |
|
|
5
AB InBev
BUD
$155B
| $632M | 5.68% |
5,187,889
+40,587
| +0.8% | +$4.9M |
|
|
UN
6
DELISTED
Unilever NV New York Registry Shares
UN
| $592M | 5.32% |
14,178,046
+177,613
| +1% | +$7.45M |
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.06T
| $356M | 3.2% |
2,468,657
+19,563
| +0.8% | +$2.88M |
|
|
8
Altria Group
MO
$110B
| $328M | 2.95% |
6,554,948
-389,015
| -6% | -$20.7M |
|
|
9
Martin Marietta Materials
MLM
$32.1B
| $291M | 2.61% |
2,078,583
+30,665
| +1% | +$3.94M |
|
|
10
Brown-Forman Class A
BF.A
$13.3B
| $255M | 2.29% |
7,018,000
-24,438
| -0.3% | -$882K |
|
|
CMCSK
11
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $251M | 2.25% |
4,468,193
-178,597
| -4% | -$10M |
|
|
SNI
12
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $87.5M | 0.79% |
1,276,570
+21,421
| +2% | +$1.56M |
|
13
Diageo
DEO
$52.6B
| $51M | 0.46% |
461,545
+28,292
| +7% | +$3.26M |
|
|
14
Brown-Forman Class B
BF.B
$13.1B
| $42.2M | 0.38% |
1,459,297
+125,391
| +9% | +$3.61M |
|
15
Visa
V
$693B
| $30M | 0.27% |
458,760
+264
| +0.1% | +$17.5K |
|
16
ExxonMobil
XOM
$679B
| $14M | 0.13% |
164,305
+2,291
| +1% | +$203K |
|
17
Markel Group
MKL
$22.2B
| $12.5M | 0.11% |
16,247
-274
| -2% | -$198K |
|
18
Crane NXT
CXT
$2.89B
| $10.5M | 0.09% |
483,534
-576
| -0.1% | -$12.6K |
|
19
Fomento Económico Mexicano
FMX
$41.1B
| $10.1M | 0.09% |
107,745
+5
| +0% | +$446 |
|
20
American Express
AXP
$227B
| $10M | 0.09% |
127,994
-5
| -0% | -$415 |
|
21
MillerKnoll
MLKN
$1.57B
| $8.98M | 0.08% |
323,604
-9,600
| -3% | -$281K |
|
22
Procter & Gamble
PG
$336B
| $8.95M | 0.08% |
109,187
-3,250
| -3% | -$279K |
|
23
Coca-Cola
KO
$392B
| $8.09M | 0.07% |
199,492
-4,475
| -2% | -$187K |
|
|
PCP
24
DELISTED
PRECISION CASTPARTS CORP
PCP
| $6.59M | 0.06% |
31,375
+6,685
| +27% | +$1.42M |
|
25
Hormel Foods
HRL
$13.1B
| $6.05M | 0.05% |
212,902
-1,812
| -0.8% | -$49.6K |
|
Similar funds
Thomas Russo's Q1 2015 Portfolio in Review
As of Q1 2015, Thomas Russo held 112 positions worth $11.1B, up 1.3% from $11B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Thomas Russo's Q1 2015 filing shows 3 new, 40 increased, 37 reduced and 3 closed positions. Its largest new stake was Viatris: 5,850 shares worth $347K. The largest sale was Graham Holdings Company, an estimated $55.4M.
By sector, the portfolio is most concentrated in Financials at 29% of assets, down from 29% a quarter earlier, followed by Consumer Staples and Materials.
- Thomas Russo's largest Q1 2015 buy was Viatris: 5,850 shares worth $347K.
- Thomas Russo added most to Philip Morris in Q1 2015, an estimated $17.8M increase.
- Thomas Russo's biggest Q1 2015 reduction was Graham Holdings Company, cutting an estimated $55.4M.
- Thomas Russo fully exited Swiss Helvetia Fund in Q1 2015, selling an estimated $792K.
- Thomas Russo's ten largest holdings make up 72% of its $11.1B portfolio in Q1 2015.
- Thomas Russo opened 3 new positions and closed 3 in Q1 2015.
- Thomas Russo's portfolio value rose 1.3% quarter-over-quarter to $11.1B.
Based on Gardner Russo & Quinn's 13F filing for Q1 2015, filed 14 May 2015.