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 |
AB InBev
BUD
|
+$5.42M |
| 2 |
Mastercard
MA
|
+$2.14M |
| 3 |
Brown-Forman Class B
BF.B
|
+$1.92M |
| 4 |
Kraft Heinz
KHC
|
+$1.57M |
| 5 |
Outfront Media
OUT
|
+$1.52M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$8.38M |
| 2 |
Altria Group
MO
|
+$6.04M |
| 3 |
Brown-Forman Class A
BF.A
|
+$5.4M |
| 4 |
Philip Morris
PM
|
+$4.96M |
| 5 |
Comcast
CMCSA
|
+$4.29M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.63% |
| 2 | Financials | 26.5% |
| 3 | Materials | 2.86% |
| 4 | Communication Services | 2.66% |
| 5 | Energy | 0.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.07B | 9.04% |
5,013
-42
| -0.8% | -$8.38M |
|
|
2
Philip Morris
PM
$293B
| $1.03B | 8.71% |
10,511,803
-54,098
| -0.5% | -$4.96M |
|
|
3
Mastercard
MA
$509B
| $919M | 7.77% |
9,725,470
+24,176
| +0.2% | +$2.14M |
|
|
4
AB InBev
BUD
$155B
| $811M | 6.85% |
6,502,526
+45,714
| +0.7% | +$5.42M |
|
5
Wells Fargo
WFC
$254B
| $711M | 6% |
14,692,910
-28,654
| -0.2% | -$1.4M |
|
|
UN
6
DELISTED
Unilever NV New York Registry Shares
UN
| $639M | 5.4% |
14,312,004
-27,556
| -0.2% | -$1.19M |
|
|
7
Altria Group
MO
$110B
| $373M | 3.15% |
5,945,898
-99,924
| -2% | -$6.04M |
|
|
8
Berkshire Hathaway Class B
BRK.B
$1.06T
| $368M | 3.11% |
2,590,604
+10,347
| +0.4% | +$1.37M |
|
9
Martin Marietta Materials
MLM
$32.1B
| $336M | 2.84% |
2,103,643
+1,170
| +0.1% | +$161K |
|
|
10
Brown-Forman Class A
BF.A
$13.3B
| $260M | 2.2% |
6,102,205
-128,265
| -2% | -$5.4M |
|
|
11
Comcast
CMCSA
$95.3B
| $234M | 1.98% |
7,676,746
-149,460
| -2% | -$4.29M |
|
|
SNI
12
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $78M | 0.66% |
1,190,190
-53,060
| -4% | -$3.16M |
|
|
13
Brown-Forman Class B
BF.B
$13.1B
| $56.6M | 0.48% |
1,795,731
+62,090
| +4% | +$1.92M |
|
14
Diageo
DEO
$52.6B
| $51M | 0.43% |
473,132
+2,222
| +0.5% | +$235K |
|
15
Visa
V
$693B
| $41.4M | 0.35% |
540,796
-1,162
| -0.2% | -$84.4K |
|
16
ExxonMobil
XOM
$679B
| $13.9M | 0.12% |
166,128
+448
| +0.3% | +$35.9K |
|
17
Markel Group
MKL
$22.2B
| $11.7M | 0.1% |
13,137
-1,420
| -10% | -$1.22M |
|
18
Fomento Económico Mexicano
FMX
$41.1B
| $11.7M | 0.1% |
121,470
+450
| +0.4% | +$41.1K |
|
19
Coca-Cola
KO
$392B
| $9.52M | 0.08% |
205,182
-1,145
| -0.6% | -$49.8K |
|
20
American Express
AXP
$227B
| $9.32M | 0.08% |
151,773
+1,755
| +1% | +$102K |
|
21
Crane NXT
CXT
$2.89B
| $8.58M | 0.07% |
458,743
-4,030
| -0.9% | -$68.8K |
|
22
MillerKnoll
MLKN
$1.57B
| $7.36M | 0.06% |
238,277
-59,800
| -20% | -$1.59M |
|
23
Hormel Foods
HRL
$13.1B
| $7.35M | 0.06% |
170,069
-28,109
| -14% | -$1.17M |
|
24
Procter & Gamble
PG
$336B
| $7.08M | 0.06% |
85,987
-360
| -0.4% | -$29K |
|
|
25
Outfront Media
OUT
$5.25B
| $4.95M | 0.04% |
238,454
+75,027
| +46% | +$1.52M |
|
Similar funds
Thomas Russo's Q1 2016 Portfolio in Review
As of Q1 2016, Thomas Russo held 110 positions worth $11.8B, up 1.2% from $11.7B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Thomas Russo's Q1 2016 filing shows 5 new, 33 increased, 42 reduced and 3 closed positions. Its largest new stake was Kraft Heinz: 20,950 shares worth $1.65M. The largest sale was Berkshire Hathaway Class A, an estimated $8.38M.
By sector, the portfolio is most concentrated in Consumer Staples at 28% of assets, up from 27% a quarter earlier, followed by Financials and Materials.
- Thomas Russo's largest Q1 2016 buy was Kraft Heinz: 20,950 shares worth $1.65M.
- Thomas Russo added most to AB InBev in Q1 2016, an estimated $5.42M increase.
- Thomas Russo's biggest Q1 2016 reduction was Berkshire Hathaway Class A, cutting an estimated $8.38M.
- Thomas Russo fully exited PRECISION CASTPARTS CORP in Q1 2016, selling an estimated $788K.
- Thomas Russo's ten largest holdings make up 73% of its $11.8B portfolio in Q1 2016.
- Thomas Russo opened 5 new positions and closed 3 in Q1 2016.
- Thomas Russo's portfolio value rose 1.2% quarter-over-quarter to $11.8B.
Based on Gardner Russo & Quinn's 13F filing for Q1 2016, filed 12 May 2016.