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Thomas Russo Gardner Russo & Quinn
AUM
$8.42B
Turnover
4.6%
1-Year Est. Return
1.31%
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
+2.99%
1 Year Est. Return
+1.31%
3 Year Est. Return
+56.27%
5 Year Est. Return
+73.59%
10 Year Est. Return
+167.97%
AUM
$13.8B
AUM Growth
+$125M
(+0.91%)
Cap. Flow
-$131M
Cap. Flow % of AUM
Cap. Flow %
-0.95%
Top 10 Holdings %
Top 10 Hldgs %
76.18%
Holding
101
New
3
Increased
24
Reduced
47
Closed
6
Avg Time Held
4.3
years
Top 10 Avg Time Held
4.8
years
Top 20 Avg Time Held
4.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$63M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$4.94M |
| 3 |
JPMorgan Chase
JPM
|
+$1.08M |
| 4 |
AB InBev
BUD
|
+$913K |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$751K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$64.3M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$20.4M |
| 3 |
Unilever NV New York Registry Shares
UN
|
+$12.9M |
| 4 |
Philip Morris
PM
|
+$7.91M |
| 5 |
Brown-Forman Class B
BF.B
|
+$6.89M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 37.97% |
| 2 | Financials | 33.96% |
| 3 | Consumer Staples | 22.67% |
| 4 | Materials | 2.68% |
| 5 | Communication Services | 2.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Mastercard
MA
$576B
| $1.86B | 13.44% |
8,351,354
-308,279
| -4% | -$64.3M |
2013 Q2
21 quarters
|
|
|
2
Berkshire Hathaway Class A
BRK.A
$1.26T
| $1.46B | 10.54% |
4,555
-66
| -1% | -$20.4M |
2013 Q2
21 quarters
|
|
|
3
Philip Morris
PM
$310B
| $840M | 6.07% |
10,301,119
-96,319
| -0.9% | -$7.91M |
2013 Q2
21 quarters
|
|
|
4
DELISTED
Unilever NV New York Registry Shares
UN
| $818M | 5.91% |
14,723,219
-227,381
| -2% | -$12.9M |
2013 Q2
21 quarters
|
|
|
5
AB InBev
BUD
$167B
| $704M | 5.09% |
8,061,282
+9,369
| +0.1% | +$913K |
2013 Q2
21 quarters
|
|
|
6
Wells Fargo
WFC
$258B
| $703M | 5.08% |
13,376,592
+1,102,815
| +9% | +$63M |
2013 Q2
21 quarters
|
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.26T
| $546M | 3.95% |
2,551,745
+24,097
| +1% | +$4.94M |
2013 Q2
21 quarters
|
|
8
Martin Marietta Materials
MLM
$36.5B
| $362M | 2.61% |
1,987,280
-3,908
| -0.2% | -$807K |
2013 Q2
21 quarters
|
|
9
Altria Group
MO
$131B
| $329M | 2.38% |
5,448,807
-92,271
| -2% | -$5.48M |
2013 Q2
21 quarters
|
|
10
Comcast
CMCSA
$89.3B
| $248M | 1.79% |
7,002,063
-77,574
| -1% | -$2.75M |
2013 Q2
21 quarters
|
|
11
Brown-Forman Class A
BF.A
$14.5B
| $218M | 1.58% |
4,295,327
-12,082
| -0.3% | -$633K |
2013 Q2
21 quarters
|
|
|
12
Brown-Forman Class B
BF.B
$14.1B
| $127M | 0.92% |
2,512,409
-132,603
| -5% | -$6.89M |
2013 Q2
21 quarters
|
|
13
Visa
V
$794B
| $92.5M | 0.67% |
616,572
-7,440
| -1% | -$1.06M |
2013 Q2
21 quarters
|
|
|
14
Alphabet (Google) Class C
GOOG
$3.6T
| $68.4M | 0.5% |
1,147,020
+12,540
| +1% | +$751K |
2013 Q2
21 quarters
|
|
15
Diageo
DEO
$56.6B
| $55.3M | 0.4% |
390,477
-12,178
| -3% | -$1.75M |
2013 Q2
21 quarters
|
|
16
American Express
AXP
$215B
| $18.9M | 0.14% |
177,446
-2,955
| -2% | -$307K |
2013 Q2
21 quarters
|
|
17
Fomento Económico Mexicano
FMX
$44.9B
| $16.1M | 0.12% |
162,402
-1,575
| -1% | -$152K |
2013 Q2
21 quarters
|
|
18
ExxonMobil
XOM
$696B
| $13.2M | 0.1% |
154,948
+582
| +0.4% | +$47.6K |
2013 Q2
21 quarters
|
|
19
Crane NXT
CXT
$3.28B
| $11.5M | 0.08% |
335,455
-9,573
| -3% | -$297K |
2013 Q2
21 quarters
|
|
20
Markel Group
MKL
$24.2B
| $9.5M | 0.07% |
8,000
-90
| -1% | -$106K |
2013 Q2
21 quarters
|
|
21
Outfront Media
OUT
$5.91B
| $9.14M | 0.07% |
465,313
+2,652
| +0.6% | +$52.7K |
2014 Q3
16 quarters
|
|
22
MillerKnoll
MLKN
$1.45B
| $7.31M | 0.05% |
190,266
-5,625
| -3% | -$213K |
2013 Q2
21 quarters
|
|
23
Hormel Foods
HRL
$12.2B
| $6.3M | 0.05% |
160,023
+1,422
| +0.9% | +$54.4K |
2013 Q2
21 quarters
|
|
24
Vulcan Materials
VMC
$35.8B
| $6.16M | 0.04% |
55,415
+560
| +1% | +$64.9K |
2016 Q3
8 quarters
|
|
25
Coca-Cola
KO
$427B
| $5.51M | 0.04% |
119,308
-2,675
| -2% | -$122K |
2013 Q2
21 quarters
|
|
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Thomas Russo's Q3 2018 Portfolio in Review
As of Q3 2018, Thomas Russo held 101 positions worth $13.8B, up 0.91% from $13.7B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Thomas Russo's Q3 2018 filing shows 3 new, 24 increased, 47 reduced and 6 closed positions. Its largest new stake was Alleghany Corp: 324 shares worth $211K. The largest sale was Mastercard, an estimated $64.3M.
By sector, the portfolio is most concentrated in Miscellaneous at 38% of assets, down from 39% a quarter earlier, followed by Financials and Consumer Staples.
- Thomas Russo's largest Q3 2018 buy was Alleghany Corp: 324 shares worth $211K.
- Thomas Russo added most to Wells Fargo in Q3 2018, an estimated $63M increase.
- Thomas Russo's biggest Q3 2018 reduction was Mastercard, cutting an estimated $64.3M.
- Thomas Russo fully exited Wells Fargo & Company Ws in Q3 2018, selling an estimated $1.8M.
- Thomas Russo's ten largest holdings make up 76% of its $13.8B portfolio in Q3 2018.
- Thomas Russo opened 3 new positions and closed 6 in Q3 2018.
- Thomas Russo's portfolio value rose 0.91% quarter-over-quarter to $13.8B.
Based on Gardner Russo & Quinn's 13F filing for Q3 2018, filed 13 Nov 2018.