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 |
Alphabet (Google) Class C
GOOG
|
+$58.9M |
| 2 |
Visa
V
|
+$7.01M |
| 3 |
Vulcan Materials
VMC
|
+$4.44M |
| 4 |
Fomento Económico Mexicano
FMX
|
+$2.26M |
| 5 |
Outfront Media
OUT
|
+$2.23M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$54M |
| 2 |
UN
Unilever NV New York Registry Shares
UN
|
+$16.9M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$13.2M |
| 4 |
Brown-Forman Class B
BF.B
|
+$9.38M |
| 5 |
Altria Group
MO
|
+$5.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.19% |
| 2 | Consumer Staples | 17.7% |
| 3 | Materials | 3.32% |
| 4 | Communication Services | 2.18% |
| 5 | Energy | 0.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mastercard
MA
$509B
| $1.7B | 12.42% |
8,659,633
-286,997
| -3% | -$54M |
|
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.3B | 9.51% |
4,621
-45
| -1% | -$13.2M |
|
3
Philip Morris
PM
$293B
| $839M | 6.13% |
10,397,438
+17,119
| +0.2% | +$1.45M |
|
|
UN
4
DELISTED
Unilever NV New York Registry Shares
UN
| $833M | 6.08% |
14,950,600
-302,399
| -2% | -$16.9M |
|
5
Wells Fargo
WFC
$254B
| $680M | 4.97% |
12,273,777
-76,890
| -0.6% | -$4.12M |
|
|
6
Berkshire Hathaway Class B
BRK.B
$1.06T
| $472M | 3.44% |
2,527,648
-22,428
| -0.9% | -$4.37M |
|
7
Martin Marietta Materials
MLM
$32.1B
| $445M | 3.25% |
1,991,188
-24,410
| -1% | -$5.21M |
|
|
8
Altria Group
MO
$110B
| $315M | 2.3% |
5,541,078
-97,133
| -2% | -$5.6M |
|
9
Comcast
CMCSA
$95.3B
| $232M | 1.7% |
7,079,637
-42,500
| -0.6% | -$1.38M |
|
|
10
Brown-Forman Class A
BF.A
$13.3B
| $210M | 1.54% |
4,307,409
-10,620
| -0.2% | -$563K |
|
|
11
Brown-Forman Class B
BF.B
$13.1B
| $130M | 0.95% |
2,645,012
-171,478
| -6% | -$9.38M |
|
|
12
Visa
V
$693B
| $82.7M | 0.6% |
624,012
+54,432
| +10% | +$7.01M |
|
|
13
Alphabet (Google) Class C
GOOG
$4.18T
| $63.3M | 0.46% |
1,134,480
+1,090,800
| +2,497% | +$58.9M |
|
14
Diageo
DEO
$52.6B
| $58M | 0.42% |
402,655
-12,634
| -3% | -$1.81M |
|
15
American Express
AXP
$227B
| $17.7M | 0.13% |
180,401
+16,702
| +10% | +$1.64M |
|
|
16
Fomento Económico Mexicano
FMX
$41.1B
| $14.4M | 0.11% |
163,977
+25,560
| +18% | +$2.26M |
|
17
ExxonMobil
XOM
$679B
| $12.8M | 0.09% |
154,366
-2,229
| -1% | -$178K |
|
18
Crane NXT
CXT
$2.89B
| $9.6M | 0.07% |
345,028
-11,084
| -3% | -$334K |
|
|
19
Outfront Media
OUT
$5.25B
| $8.86M | 0.06% |
462,661
+117,149
| +34% | +$2.23M |
|
20
Markel Group
MKL
$22.2B
| $8.77M | 0.06% |
8,090
-93
| -1% | -$105K |
|
|
21
Vulcan Materials
VMC
$35.8B
| $7.08M | 0.05% |
54,855
+36,035
| +191% | +$4.44M |
|
22
MillerKnoll
MLKN
$1.57B
| $6.64M | 0.05% |
195,891
-1,350
| -0.7% | -$44.6K |
|
23
Hormel Foods
HRL
$13.1B
| $5.9M | 0.04% |
158,601
-1,773
| -1% | -$63.6K |
|
24
Coca-Cola
KO
$392B
| $5.35M | 0.04% |
121,983
-1,725
| -1% | -$74.5K |
|
25
McCormick & Company Non-Voting
MKC
$14.9B
| $3.88M | 0.03% |
66,910
-200
| -0.3% | -$10.5K |
|
Similar funds
Thomas Russo's Q2 2018 Portfolio in Review
As of Q2 2018, Thomas Russo held 102 positions worth $13.7B, down 4.4% from $14.3B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Thomas Russo's Q2 2018 filing shows 2 new, 19 increased, 46 reduced and 4 closed positions. Its largest new stake was ChampionX: 24,644 shares worth $1.03M. The largest sale was Mastercard, an estimated $54M.
By sector, the portfolio is most concentrated in Financials at 31% of assets, up from 29% a quarter earlier, followed by Consumer Staples and Materials.
- Thomas Russo's largest Q2 2018 buy was ChampionX: 24,644 shares worth $1.03M.
- Thomas Russo added most to Alphabet (Google) Class C in Q2 2018, an estimated $58.9M increase.
- Thomas Russo's biggest Q2 2018 reduction was Mastercard, cutting an estimated $54M.
- Thomas Russo fully exited British American Tobacco in Q2 2018, selling an estimated $605K.
- Thomas Russo's ten largest holdings make up 75% of its $13.7B portfolio in Q2 2018.
- Thomas Russo opened 2 new positions and closed 4 in Q2 2018.
- Thomas Russo's portfolio value fell 4.4% quarter-over-quarter to $13.7B.
Based on Gardner Russo & Quinn's 13F filing for Q2 2018, filed 13 Aug 2018.