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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
+7.84%
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
$10.1B
AUM Growth
+$484M
(+5%)
Cap. Flow
-$219M
Cap. Flow % of AUM
Cap. Flow %
-2.17%
Top 10 Holdings %
Top 10 Hldgs %
80.1%
Holding
85
New
1
Increased
25
Reduced
39
Closed
2
Avg Time Held
7.4
years
Top 10 Avg Time Held
7.7
years
Top 20 Avg Time Held
6.7
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$40.6M |
| 2 |
JPMorgan Chase
JPM
|
+$40.4M |
| 3 |
Crane Co
CR
|
+$5.43M |
| 4 |
Fulton Financial
FULT
|
+$241K |
| 5 |
Markel Group
MKL
|
+$227K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Unilever
UL
|
+$77M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$24.4M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$23.9M |
| 4 |
Mastercard
MA
|
+$21.6M |
| 5 |
Philip Morris
PM
|
+$11.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 35.32% |
| 2 | Financials | 32.16% |
| 3 | Communication Services | 17.01% |
| 4 | Consumer Staples | 10.47% |
| 5 | Materials | 4.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.26T
| $1.31B | 12.94% |
2,530
-49
| -2% | -$24.4M |
2013 Q2
40 quarters
|
|
|
2
Alphabet (Google) Class C
GOOG
$3.6T
| $995M | 9.82% |
8,221,065
-206,137
| -2% | -$23.9M |
2013 Q2
40 quarters
|
|
|
3
Mastercard
MA
$576B
| $951M | 9.39% |
2,417,258
-57,590
| -2% | -$21.6M |
2013 Q2
40 quarters
|
|
|
4
Philip Morris
PM
$310B
| $616M | 6.09% |
6,314,371
-115,961
| -2% | -$11.1M |
2013 Q2
40 quarters
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.26T
| $554M | 5.48% |
1,625,553
-16,077
| -1% | -$5.25M |
2013 Q2
40 quarters
|
|
|
6
Netflix
NFLX
$255B
| $518M | 5.12% |
11,757,450
+1,101,420
| +10% | +$40.6M |
2022 Q2
4 quarters
|
|
7
Martin Marietta Materials
MLM
$36.5B
| $449M | 4.44% |
973,520
-27,818
| -3% | -$11M |
2013 Q2
40 quarters
|
|
|
8
JPMorgan Chase
JPM
$919B
| $307M | 3.04% |
2,112,917
+294,058
| +16% | +$40.4M |
2017 Q4
22 quarters
|
|
9
Brown-Forman Class A
BF.A
$14.5B
| $163M | 1.61% |
2,400,333
-48,825
| -2% | -$3.18M |
2013 Q2
40 quarters
|
|
10
Comcast
CMCSA
$89.3B
| $150M | 1.48% |
3,614,535
-149,664
| -4% | -$5.94M |
2013 Q2
40 quarters
|
|
|
11
Unilever
UL
$143B
| $146M | 1.44% |
2,481,294
-1,297,251
| -34% | -$77M |
2020 Q4
10 quarters
|
|
12
Visa
V
$794B
| $79.3M | 0.78% |
334,028
-7,061
| -2% | -$1.62M |
2013 Q2
40 quarters
|
|
13
Brown-Forman Class B
BF.B
$14.1B
| $64.6M | 0.64% |
967,024
-24,696
| -2% | -$1.58M |
2013 Q2
40 quarters
|
|
14
Cable One
CABO
$17M
| $56.8M | 0.56% |
86,436
-3,783
| -4% | -$2.55M |
2020 Q2
12 quarters
|
|
15
AB InBev
BUD
$167B
| $31.4M | 0.31% |
554,933
-31,906
| -5% | -$1.93M |
2013 Q2
40 quarters
|
|
16
Wells Fargo
WFC
$258B
| $31.2M | 0.31% |
731,989
-19,025
| -3% | -$766K |
2013 Q2
40 quarters
|
|
17
ExxonMobil
XOM
$696B
| $19.1M | 0.19% |
178,409
+1,341
| +0.8% | +$146K |
2013 Q2
40 quarters
|
|
18
Altria Group
MO
$131B
| $14.8M | 0.15% |
327,378
+2,788
| +0.9% | +$126K |
2013 Q2
40 quarters
|
|
|
19
Markel Group
MKL
$24.2B
| $13.7M | 0.14% |
9,919
+169
| +2% | +$227K |
2013 Q2
40 quarters
|
|
20
Vulcan Materials
VMC
$35.8B
| $12.1M | 0.12% |
53,608
-1,154
| -2% | -$221K |
2016 Q3
27 quarters
|
|
|
21
Crane Co
CR
$12.1B
| $6.27M | 0.06% |
+70,331
| New | +$5.43M |
2023 Q2
0 quarters
|
|
22
American Express
AXP
$215B
| $5.91M | 0.06% |
33,901
-4,545
| -12% | -$733K |
2013 Q2
40 quarters
|
|
23
Procter & Gamble
PG
$394B
| $5.57M | 0.06% |
36,723
-152
| -0.4% | -$22.9K |
2013 Q2
40 quarters
|
|
24
Hormel Foods
HRL
$12.2B
| $4.81M | 0.05% |
119,550
-6,158
| -5% | -$247K |
2013 Q2
40 quarters
|
|
25
Union Pacific
UNP
$180B
| $4.44M | 0.04% |
21,695
+133
| +0.6% | +$26.4K |
2016 Q2
28 quarters
|
|
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Thomas Russo's Q2 2023 Portfolio in Review
As of Q2 2023, Thomas Russo held 85 positions worth $10.1B, up 5% from $9.6B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Trading was light in Q2 2023: portfolio turnover was 3.5%. Thomas Russo opened 1 new position and exited 2, leaving the 85-position portfolio largely intact.
By sector, the portfolio is most concentrated in Miscellaneous at 35% of assets, down from 38% a quarter earlier, followed by Financials and Communication Services.
- Thomas Russo's largest Q2 2023 buy was Crane Co: 70,331 shares worth $6.27M.
- Thomas Russo added most to Netflix in Q2 2023, an estimated $40.6M increase.
- Thomas Russo's biggest Q2 2023 reduction was Unilever, cutting an estimated $77M.
- Thomas Russo fully exited Crane NXT in Q2 2023, selling an estimated $7.98M.
- Thomas Russo's ten largest holdings make up 80% of its $10.1B portfolio in Q2 2023.
- Thomas Russo opened 1 new position and closed 2 in Q2 2023.
- Thomas Russo's portfolio value rose 5% quarter-over-quarter to $10.1B.
Based on Gardner Russo & Quinn's 13F filing for Q2 2023, filed 11 Aug 2023.