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Thomas Russo Gardner Russo & Quinn
AUM
$8.93B
Turnover
1.16%
1-Year Est. Return
6.76%
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.
This Fund
S&P 500
This Quarter Est. Return
+2.28%
1 Year Est. Return
+6.76%
3 Year Est. Return
+56.55%
5 Year Est. Return
+70.68%
10 Year Est. Return
+174.82%
AUM
$13.5B
AUM Growth
+$628M
(+4.9%)
Cap. Flow
-$106M
Cap. Flow % of AUM
Cap. Flow %
-0.78%
Top 10 Holdings %
Top 10 Hldgs %
74.76%
Holding
104
New
2
Increased
26
Reduced
51
Closed
2
Avg Time Held
3.4
years
Top 10 Avg Time Held
3.4
years
Top 20 Avg Time Held
3.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$3.93M |
| 2 |
Brown-Forman Class B
BF.B
|
+$2.62M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$1.75M |
| 4 |
Visa
V
|
+$1.12M |
| 5 |
Outfront Media
OUT
|
+$615K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$53.9M |
| 2 |
Philip Morris
PM
|
+$14.4M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$12M |
| 4 |
Unilever NV New York Registry Shares
UN
|
+$8.46M |
| 5 |
Martin Marietta Materials
MLM
|
+$3.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 46.56% |
| 2 | Financials | 26.59% |
| 3 | Consumer Staples | 20.83% |
| 4 | Materials | 2.94% |
| 5 | Communication Services | 2.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.17T
| $1.23B | 9.09% |
4,834
-48
| -1% | -$12M |
2013 Q2
16 quarters
|
|
|
2
Philip Morris
PM
$312B
| $1.2B | 8.83% |
10,189,292
-124,523
| -1% | -$14.4M |
2013 Q2
16 quarters
|
|
|
3
Mastercard
MA
$545B
| $1.16B | 8.57% |
9,558,705
+33,159
| +0.3% | +$3.93M |
2013 Q2
16 quarters
|
|
|
4
DELISTED
Unilever NV New York Registry Shares
UN
| $834M | 6.15% |
15,081,382
-156,558
| -1% | -$8.46M |
2013 Q2
16 quarters
|
|
|
5
Wells Fargo
WFC
$247B
| $701M | 5.17% |
12,648,626
-1,005,259
| -7% | -$53.9M |
2013 Q2
16 quarters
|
|
|
6
Berkshire Hathaway Class B
BRK.B
$1.17T
| $425M | 3.14% |
2,509,718
+10,517
| +0.4% | +$1.75M |
2013 Q2
16 quarters
|
|
7
Altria Group
MO
$125B
| $398M | 2.94% |
5,346,297
-34,471
| -0.6% | -$2.52M |
2013 Q2
16 quarters
|
|
|
8
Martin Marietta Materials
MLM
$36.2B
| $393M | 2.9% |
1,765,953
-13,719
| -0.8% | -$3.1M |
2013 Q2
16 quarters
|
|
9
Comcast
CMCSA
$80.7B
| $276M | 2.03% |
7,082,067
-61,839
| -0.9% | -$2.44M |
2013 Q2
16 quarters
|
|
10
Brown-Forman Class A
BF.A
$13.9B
| $222M | 1.64% |
5,620,083
-58,857
| -1% | -$2.35M |
2013 Q2
16 quarters
|
|
|
SNI
11
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $78.7M | 0.58% |
1,152,171
-434
| -0% | -$30.6K |
2013 Q2
16 quarters
|
|
|
12
Brown-Forman Class B
BF.B
$13.5B
| $70.4M | 0.52% |
2,263,273
+83,439
| +4% | +$2.62M |
2013 Q2
16 quarters
|
|
13
Diageo
DEO
$53.2B
| $56.5M | 0.42% |
471,770
-1,881
| -0.4% | -$224K |
2013 Q2
16 quarters
|
|
|
14
Visa
V
$768B
| $52.7M | 0.39% |
562,186
+12,015
| +2% | +$1.12M |
2013 Q2
16 quarters
|
|
15
American Express
AXP
$212B
| $13.9M | 0.1% |
164,812
+3,819
| +2% | +$302K |
2013 Q2
16 quarters
|
|
16
Fomento Económico Mexicano
FMX
$43.9B
| $13.2M | 0.1% |
133,860
+5,580
| +4% | +$520K |
2013 Q2
16 quarters
|
|
17
ExxonMobil
XOM
$753B
| $13M | 0.1% |
161,319
-622
| -0.4% | -$50.9K |
2013 Q2
16 quarters
|
|
18
Markel Group
MKL
$23.3B
| $10.8M | 0.08% |
11,112
-150
| -1% | -$146K |
2013 Q2
16 quarters
|
|
19
Crane NXT
CXT
$3.31B
| $10.7M | 0.08% |
387,436
-1,151
| -0.3% | -$31.1K |
2013 Q2
16 quarters
|
|
20
Coca-Cola
KO
$401B
| $7.6M | 0.06% |
169,527
-3,230
| -2% | -$143K |
2013 Q2
16 quarters
|
|
|
21
Outfront Media
OUT
$5.51B
| $7.18M | 0.05% |
315,689
+25,907
| +9% | +$615K |
2014 Q3
11 quarters
|
|
22
MillerKnoll
MLKN
$1.46B
| $6.25M | 0.05% |
205,516
-2,850
| -1% | -$90.8K |
2013 Q2
16 quarters
|
|
23
Procter & Gamble
PG
$374B
| $5.61M | 0.04% |
64,392
-10
| -0% | -$881 |
2013 Q2
16 quarters
|
|
24
Hormel Foods
HRL
$11.6B
| $5.32M | 0.04% |
155,849
-800
| -0.5% | -$27.6K |
2013 Q2
16 quarters
|
|
25
Dover
DOV
$26.5B
| $4.45M | 0.03% |
68,617
-2,322
| -3% | -$151K |
2013 Q2
16 quarters
|
|
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Thomas Russo's Q2 2017 Portfolio in Review
As of Q2 2017, Thomas Russo held 104 positions worth $13.5B, up 4.9% from $12.9B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Trading was light in Q2 2017: portfolio turnover was 3.8%. Thomas Russo opened 2 new positions and exited 2, leaving the 104-position portfolio largely intact.
By sector, the portfolio is most concentrated in Miscellaneous at 47% of assets, up from 45% a quarter earlier, followed by Financials and Consumer Staples.
- Thomas Russo's largest Q2 2017 buy was Oracle: 4,300 shares worth $216K.
- Thomas Russo added most to Mastercard in Q2 2017, an estimated $3.93M increase.
- Thomas Russo's biggest Q2 2017 reduction was Wells Fargo, cutting an estimated $53.9M.
- Thomas Russo fully exited Heartland Express in Q2 2017, selling an estimated $239K.
- Thomas Russo's ten largest holdings make up 75% of its $13.5B portfolio in Q2 2017.
- Thomas Russo opened 2 new positions and closed 2 in Q2 2017.
- Thomas Russo's portfolio value rose 4.9% quarter-over-quarter to $13.5B.
Based on Gardner Russo & Quinn's 13F filing for Q2 2017, filed 14 Aug 2017.