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
|
+$118M |
| 2 |
Dow Inc
DOW
|
+$804K |
| 3 |
Corteva
CTVA
|
+$412K |
| 4 |
AB InBev
BUD
|
+$360K |
| 5 |
Y
Alleghany Corp
Y
|
+$215K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mastercard
MA
|
+$131M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$29.8M |
| 3 |
UN
Unilever NV New York Registry Shares
UN
|
+$26M |
| 4 |
Philip Morris
PM
|
+$25.3M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$17.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.86% |
| 2 | Consumer Staples | 16.37% |
| 3 | Communication Services | 3.57% |
| 4 | Materials | 3.22% |
| 5 | Energy | 0.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mastercard
MA
$509B
| $1.83B | 13.91% |
6,914,951
-521,695
| -7% | -$131M |
|
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.27B | 9.69% |
4,002
-96
| -2% | -$29.8M |
|
|
UN
3
DELISTED
Unilever NV New York Registry Shares
UN
| $782M | 5.94% |
12,874,544
-434,698
| -3% | -$26M |
|
|
4
Philip Morris
PM
$293B
| $732M | 5.56% |
9,317,748
-306,336
| -3% | -$25.3M |
|
5
Wells Fargo
WFC
$254B
| $598M | 4.55% |
12,636,204
-12,664
| -0.1% | -$592K |
|
|
6
Berkshire Hathaway Class B
BRK.B
$1.06T
| $497M | 3.78% |
2,332,814
-84,787
| -4% | -$17.5M |
|
7
Martin Marietta Materials
MLM
$32.1B
| $413M | 3.14% |
1,794,450
-58,720
| -3% | -$12.7M |
|
8
Comcast
CMCSA
$95.3B
| $256M | 1.95% |
6,054,812
-232,627
| -4% | -$9.81M |
|
9
Altria Group
MO
$110B
| $236M | 1.8% |
4,989,460
-124,539
| -2% | -$6.52M |
|
10
Brown-Forman Class A
BF.A
$13.3B
| $217M | 1.65% |
3,944,019
-109,971
| -3% | -$5.76M |
|
|
11
Alphabet (Google) Class C
GOOG
$4.18T
| $211M | 1.61% |
3,910,680
+2,044,300
| +110% | +$118M |
|
|
12
Brown-Forman Class B
BF.B
$13.1B
| $105M | 0.8% |
1,894,106
-114,692
| -6% | -$6.12M |
|
13
Visa
V
$693B
| $89M | 0.68% |
512,994
-7,176
| -1% | -$1.17M |
|
14
Diageo
DEO
$52.6B
| $41.6M | 0.32% |
241,341
-102,460
| -30% | -$17.2M |
|
15
American Express
AXP
$227B
| $17.2M | 0.13% |
139,430
-5,384
| -4% | -$632K |
|
16
Fomento Económico Mexicano
FMX
$41.1B
| $12.8M | 0.1% |
132,167
-4,967
| -4% | -$481K |
|
17
ExxonMobil
XOM
$679B
| $11.6M | 0.09% |
150,932
-352
| -0.2% | -$27.2K |
|
18
Outfront Media
OUT
$5.25B
| $8.44M | 0.06% |
332,566
-14,246
| -4% | -$347K |
|
19
Markel Group
MKL
$22.2B
| $8.37M | 0.06% |
7,684
-85
| -1% | -$89.1K |
|
20
Crane NXT
CXT
$2.89B
| $8.31M | 0.06% |
286,872
-8,493
| -3% | -$247K |
|
21
MillerKnoll
MLKN
$1.57B
| $7.76M | 0.06% |
173,716
-3,000
| -2% | -$113K |
|
22
Vulcan Materials
VMC
$35.8B
| $7.63M | 0.06% |
55,587
+1,424
| +3% | +$182K |
|
23
Hormel Foods
HRL
$13.1B
| $6.21M | 0.05% |
153,293
-200
| -0.1% | -$8.11K |
|
24
Coca-Cola
KO
$392B
| $5.4M | 0.04% |
106,017
-4,982
| -4% | -$244K |
|
25
McCormick & Company Non-Voting
MKC
$14.9B
| $4.49M | 0.03% |
57,950
-1,010
| -2% | -$77.9K |
|
Similar funds
Thomas Russo's Q2 2019 Portfolio in Review
As of Q2 2019, Thomas Russo held 100 positions worth $13.2B, up 2.2% from $12.9B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Thomas Russo's Q2 2019 filing shows 7 new, 9 increased, 56 reduced and 4 closed positions. Its largest new stake was Dow Inc: 15,239 shares worth $751K. The largest sale was Mastercard, an estimated $131M.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 33% a quarter earlier, followed by Consumer Staples and Communication Services.
- Thomas Russo's largest Q2 2019 buy was Dow Inc: 15,239 shares worth $751K.
- Thomas Russo added most to Alphabet (Google) Class C in Q2 2019, an estimated $118M increase.
- Thomas Russo's biggest Q2 2019 reduction was Mastercard, cutting an estimated $131M.
- Thomas Russo fully exited Chemours in Q2 2019, selling an estimated $238K.
- Thomas Russo's ten largest holdings make up 77% of its $13.2B portfolio in Q2 2019.
- Thomas Russo opened 7 new positions and closed 4 in Q2 2019.
- Thomas Russo's portfolio value rose 2.2% quarter-over-quarter to $13.2B.
Based on Gardner Russo & Quinn's 13F filing for Q2 2019, filed 13 Aug 2019.