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 |
Wells Fargo
WFC
|
+$29.8M |
| 2 |
AB InBev
BUD
|
+$8.15M |
| 3 |
Brown-Forman Class B
BF.B
|
+$3.74M |
| 4 |
Mastercard
MA
|
+$3.41M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$1.02M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Philip Morris
PM
|
+$17.7M |
| 2 |
Brown-Forman Class A
BF.A
|
+$4.44M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$3.29M |
| 4 |
Martin Marietta Materials
MLM
|
+$3.1M |
| 5 |
Comcast
CMCSA
|
+$2.33M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 27.44% |
| 2 | Financials | 26.8% |
| 3 | Materials | 3.11% |
| 4 | Communication Services | 2.73% |
| 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
| $1.08B | 8.97% |
4,984
-15
| -0.3% | -$3.29M |
|
|
2
Philip Morris
PM
$293B
| $1B | 8.34% |
10,314,013
-176,851
| -2% | -$17.7M |
|
|
3
Mastercard
MA
$509B
| $995M | 8.28% |
9,775,132
+35,581
| +0.4% | +$3.41M |
|
|
4
AB InBev
BUD
$155B
| $866M | 7.21% |
6,592,165
+64,521
| +1% | +$8.15M |
|
|
5
Wells Fargo
WFC
$254B
| $700M | 5.82% |
15,808,558
+623,744
| +4% | +$29.8M |
|
|
UN
6
DELISTED
Unilever NV New York Registry Shares
UN
| $660M | 5.49% |
14,322,660
+1,283
| +0% | +$59.2K |
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.06T
| $374M | 3.12% |
2,591,501
+6,992
| +0.3% | +$1.02M |
|
8
Altria Group
MO
$110B
| $373M | 3.1% |
5,893,334
-33,251
| -0.6% | -$2.21M |
|
|
9
Martin Marietta Materials
MLM
$32.1B
| $371M | 3.08% |
2,069,336
-16,222
| -0.8% | -$3.1M |
|
|
10
Comcast
CMCSA
$95.3B
| $251M | 2.09% |
7,560,326
-69,974
| -0.9% | -$2.33M |
|
|
11
Brown-Forman Class A
BF.A
$13.3B
| $235M | 1.96% |
5,912,143
-107,520
| -2% | -$4.44M |
|
|
SNI
12
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $74.8M | 0.62% |
1,178,056
-2,246
| -0.2% | -$144K |
|
|
13
Brown-Forman Class B
BF.B
$13.1B
| $59.6M | 0.5% |
1,962,139
+120,376
| +7% | +$3.74M |
|
14
Diageo
DEO
$52.6B
| $55.9M | 0.47% |
482,019
+5,895
| +1% | +$674K |
|
15
Visa
V
$693B
| $44.8M | 0.37% |
542,014
+908
| +0.2% | +$72.7K |
|
16
ExxonMobil
XOM
$679B
| $14.3M | 0.12% |
163,315
-3,786
| -2% | -$336K |
|
17
Fomento Económico Mexicano
FMX
$41.1B
| $11.5M | 0.1% |
124,665
+930
| +0.8% | +$85.7K |
|
18
Markel Group
MKL
$22.2B
| $11.1M | 0.09% |
11,987
-285
| -2% | -$266K |
|
19
American Express
AXP
$227B
| $9.97M | 0.08% |
155,638
+1,790
| +1% | +$115K |
|
20
Crane NXT
CXT
$2.89B
| $9.69M | 0.08% |
442,620
-7,486
| -2% | -$161K |
|
21
Coca-Cola
KO
$392B
| $7.87M | 0.07% |
185,892
-11,215
| -6% | -$491K |
|
22
Procter & Gamble
PG
$336B
| $7.07M | 0.06% |
78,792
-1,270
| -2% | -$110K |
|
23
MillerKnoll
MLKN
$1.57B
| $6.39M | 0.05% |
223,543
-3,500
| -2% | -$116K |
|
24
Hormel Foods
HRL
$13.1B
| $6.21M | 0.05% |
163,849
-2,000
| -1% | -$74.3K |
|
25
Outfront Media
OUT
$5.25B
| $5.93M | 0.05% |
254,705
+1,087
| +0.4% | +$24.5K |
|
Similar funds
Thomas Russo's Q3 2016 Portfolio in Review
As of Q3 2016, Thomas Russo held 108 positions worth $12B, up 0.66% from $11.9B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Thomas Russo's Q3 2016 filing shows 3 new, 24 increased, 38 reduced and 8 closed positions. Its largest new stake was Vulcan Materials: 4,900 shares worth $557K. The largest sale was Philip Morris, an estimated $17.7M.
By sector, the portfolio is most concentrated in Consumer Staples at 27% of assets, down from 29% a quarter earlier, followed by Financials and Materials.
- Thomas Russo's largest Q3 2016 buy was Vulcan Materials: 4,900 shares worth $557K.
- Thomas Russo added most to Wells Fargo in Q3 2016, an estimated $29.8M increase.
- Thomas Russo's biggest Q3 2016 reduction was Philip Morris, cutting an estimated $17.7M.
- Thomas Russo fully exited Pfizer in Q3 2016, selling an estimated $701K.
- Thomas Russo's ten largest holdings make up 74% of its $12B portfolio in Q3 2016.
- Thomas Russo opened 3 new positions and closed 8 in Q3 2016.
- Thomas Russo's portfolio value rose 0.66% quarter-over-quarter to $12B.
Based on Gardner Russo & Quinn's 13F filing for Q3 2016, filed 14 Nov 2016.