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 |
Visa
V
|
+$811K |
| 2 |
Vulcan Materials
VMC
|
+$597K |
| 3 |
Fomento Económico Mexicano
FMX
|
+$353K |
| 4 |
Apple
AAPL
|
+$242K |
| 5 |
JPMorgan Chase
JPM
|
+$203K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$52.9M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$38.4M |
| 3 |
UN
Unilever NV New York Registry Shares
UN
|
+$14.1M |
| 4 |
Wells Fargo
WFC
|
+$13.2M |
| 5 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$7.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 28.44% |
| 2 | Consumer Staples | 19.29% |
| 3 | Materials | 3.1% |
| 4 | Communication Services | 2.04% |
| 5 | Energy | 0.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.39B | 9.59% |
4,680
-135
| -3% | -$38.4M |
|
|
2
Mastercard
MA
$509B
| $1.38B | 9.53% |
9,146,308
-355,480
| -4% | -$52.9M |
|
3
Philip Morris
PM
$293B
| $1.07B | 7.38% |
10,143,009
-47,331
| -0.5% | -$5.04M |
|
|
UN
4
DELISTED
Unilever NV New York Registry Shares
UN
| $833M | 5.73% |
14,781,958
-244,331
| -2% | -$14.1M |
|
|
5
Wells Fargo
WFC
$254B
| $757M | 5.21% |
12,470,839
-233,389
| -2% | -$13.2M |
|
|
6
Berkshire Hathaway Class B
BRK.B
$1.06T
| $496M | 3.41% |
2,499,995
-18,347
| -0.7% | -$3.48M |
|
7
Martin Marietta Materials
MLM
$32.1B
| $445M | 3.06% |
2,011,757
-22,394
| -1% | -$4.69M |
|
8
Altria Group
MO
$110B
| $399M | 2.75% |
5,591,153
-92,699
| -2% | -$6.21M |
|
9
Brown-Forman Class A
BF.A
$13.3B
| $291M | 2% |
5,406,719
-144,720
| -3% | -$6.92M |
|
10
Comcast
CMCSA
$95.3B
| $285M | 1.96% |
7,120,002
-40,958
| -0.6% | -$1.54M |
|
|
11
Brown-Forman Class B
BF.B
$13.1B
| $102M | 0.7% |
2,313,230
-75,561
| -3% | -$2.88M |
|
|
12
Visa
V
$693B
| $65.5M | 0.45% |
574,391
+7,340
| +1% | +$811K |
|
13
Diageo
DEO
$52.6B
| $62.6M | 0.43% |
428,725
-32,640
| -7% | -$4.5M |
|
14
American Express
AXP
$227B
| $16.4M | 0.11% |
164,801
-550
| -0.3% | -$52.4K |
|
15
ExxonMobil
XOM
$679B
| $13.3M | 0.09% |
158,428
-2,124
| -1% | -$176K |
|
|
16
Fomento Económico Mexicano
FMX
$41.1B
| $12.9M | 0.09% |
137,640
+3,865
| +3% | +$353K |
|
17
Crane NXT
CXT
$2.89B
| $11.5M | 0.08% |
370,651
-12,610
| -3% | -$369K |
|
18
Markel Group
MKL
$22.2B
| $9.49M | 0.07% |
8,333
-2,575
| -24% | -$2.81M |
|
19
MillerKnoll
MLKN
$1.57B
| $8.18M | 0.06% |
204,191
-1,225
| -0.6% | -$43K |
|
20
Outfront Media
OUT
$5.25B
| $7.57M | 0.05% |
331,573
+553
| +0.2% | +$12.9K |
|
21
Coca-Cola
KO
$392B
| $5.98M | 0.04% |
130,412
-34,365
| -21% | -$1.58M |
|
22
Hormel Foods
HRL
$13.1B
| $5.76M | 0.04% |
158,314
-959
| -0.6% | -$32.2K |
|
23
Procter & Gamble
PG
$336B
| $5.55M | 0.04% |
60,424
-1,843
| -3% | -$166K |
|
24
Dover
DOV
$27.2B
| $5.35M | 0.04% |
65,634
-805
| -1% | -$62.3K |
|
|
SNI
25
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $5.22M | 0.04% |
61,183
-86,718
| -59% | -$7.17M |
|
Similar funds
Thomas Russo's Q4 2017 Portfolio in Review
As of Q4 2017, Thomas Russo held 196 positions worth $14.5B, up 2.7% from $14.1B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Thomas Russo's Q4 2017 filing shows 94 new, 11 increased and 68 reduced positions. Its largest new stake was Apple: 5,800 shares worth $245K. The largest sale was Mastercard, an estimated $52.9M.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 28% a quarter earlier, followed by Consumer Staples and Materials.
- Thomas Russo's largest Q4 2017 buy was Apple: 5,800 shares worth $245K.
- Thomas Russo added most to Visa in Q4 2017, an estimated $811K increase.
- Thomas Russo's biggest Q4 2017 reduction was Mastercard, cutting an estimated $52.9M.
- Thomas Russo's ten largest holdings make up 74% of its $14.5B portfolio in Q4 2017.
- Thomas Russo opened 94 new positions and closed 0 in Q4 2017.
- Thomas Russo's portfolio value rose 2.7% quarter-over-quarter to $14.5B.
Based on Gardner Russo & Quinn's 13F filing for Q4 2017, filed 14 Feb 2018.