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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
+1.02%
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
$9.47B
AUM Growth
-$281M
(-2.9%)
Cap. Flow
-$197M
Cap. Flow % of AUM
Cap. Flow %
-2.08%
Top 10 Holdings %
Top 10 Hldgs %
79.64%
Holding
83
New
2
Increased
19
Reduced
39
Closed
6
Avg Time Held
8.4
years
Top 10 Avg Time Held
8.7
years
Top 20 Avg Time Held
7.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DoorDash
DASH
|
+$86.3M |
| 2 |
Uber
UBER
|
+$23.9M |
| 3 |
Union Pacific
UNP
|
+$216K |
| 4 |
Carlisle Companies
CSL
|
+$201K |
| 5 |
ExxonMobil
XOM
|
+$46.1K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$145M |
| 2 |
Netflix
NFLX
|
+$57.5M |
| 3 |
JPMorgan Chase
JPM
|
+$42.6M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$30.3M |
| 5 |
Mastercard
MA
|
+$20M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.74% |
| 2 | Miscellaneous | 30.81% |
| 3 | Communication Services | 18.92% |
| 4 | Consumer Staples | 7.88% |
| 5 | Materials | 4.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.26T
| $1.29B | 13.67% |
2,114
-18
| -0.8% | -$11.1M |
2013 Q2
44 quarters
|
|
|
2
Alphabet (Google) Class C
GOOG
$3.6T
| $1.14B | 12.03% |
6,209,856
-851,066
| -12% | -$145M |
2013 Q2
44 quarters
|
|
|
3
Mastercard
MA
$576B
| $907M | 9.58% |
2,056,350
-43,948
| -2% | -$20M |
2013 Q2
44 quarters
|
|
|
4
Berkshire Hathaway Class B
BRK.B
$1.26T
| $566M | 5.97% |
1,390,310
-74,221
| -5% | -$30.3M |
2013 Q2
44 quarters
|
|
5
Philip Morris
PM
$310B
| $554M | 5.85% |
5,466,358
-84,839
| -2% | -$8.29M |
2013 Q2
44 quarters
|
|
|
6
Netflix
NFLX
$255B
| $528M | 5.58% |
7,820,620
-920,130
| -11% | -$57.5M |
2022 Q2
8 quarters
|
|
7
Martin Marietta Materials
MLM
$36.5B
| $414M | 4.37% |
764,059
-23,421
| -3% | -$13.6M |
2013 Q2
44 quarters
|
|
|
8
JPMorgan Chase
JPM
$919B
| $302M | 3.19% |
1,492,835
-217,659
| -13% | -$42.6M |
2017 Q4
26 quarters
|
|
|
9
Uber
UBER
$142B
| $265M | 2.8% |
3,644,712
+344,484
| +10% | +$23.9M |
2023 Q4
2 quarters
|
|
10
Comcast
CMCSA
$89.3B
| $120M | 1.27% |
3,064,822
-29,422
| -1% | -$1.15M |
2013 Q2
44 quarters
|
|
11
Brown-Forman Class A
BF.A
$14.5B
| $95.8M | 1.01% |
2,170,683
-28,011
| -1% | -$1.34M |
2013 Q2
44 quarters
|
|
|
12
DoorDash
DASH
$74.8B
| $77.9M | 0.82% |
+716,388
| New | +$86.3M |
2024 Q2
0 quarters
|
|
13
Visa
V
$794B
| $74.2M | 0.78% |
282,714
-12,915
| -4% | -$3.54M |
2013 Q2
44 quarters
|
|
14
Brown-Forman Class B
BF.B
$14.1B
| $38.5M | 0.41% |
891,786
-13,146
| -1% | -$618K |
2013 Q2
44 quarters
|
|
15
Wells Fargo
WFC
$258B
| $28.4M | 0.3% |
478,642
-196,327
| -29% | -$11.6M |
2013 Q2
44 quarters
|
|
16
AB InBev
BUD
$167B
| $25.6M | 0.27% |
441,625
-30,768
| -7% | -$1.88M |
2013 Q2
44 quarters
|
|
|
17
ExxonMobil
XOM
$696B
| $20.8M | 0.22% |
180,530
+396
| +0.2% | +$46.1K |
2013 Q2
44 quarters
|
|
18
Markel Group
MKL
$24.2B
| $15.2M | 0.16% |
9,619
-180
| -2% | -$280K |
2013 Q2
44 quarters
|
|
19
Altria Group
MO
$131B
| $13M | 0.14% |
286,290
-27,762
| -9% | -$1.23M |
2013 Q2
44 quarters
|
|
20
Crane Co
CR
$12.1B
| $9.41M | 0.1% |
64,906
-2,075
| -3% | -$294K |
2023 Q2
4 quarters
|
|
21
Vulcan Materials
VMC
$35.8B
| $8.36M | 0.09% |
33,622
-5,021
| -13% | -$1.3M |
2016 Q3
31 quarters
|
|
|
22
Union Pacific
UNP
$180B
| $5.5M | 0.06% |
24,294
+920
| +4% | +$216K |
2016 Q2
32 quarters
|
|
23
Procter & Gamble
PG
$394B
| $5.28M | 0.06% |
32,006
-319
| -1% | -$52.2K |
2013 Q2
44 quarters
|
|
24
Costco
COST
$490B
| $4.66M | 0.05% |
5,477
| – | – |
2013 Q2
44 quarters
|
|
25
Dover
DOV
$27.9B
| $4.23M | 0.04% |
23,426
-1,271
| -5% | -$228K |
2013 Q2
44 quarters
|
|
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Thomas Russo's Q2 2024 Portfolio in Review
As of Q2 2024, Thomas Russo held 83 positions worth $9.47B, down 2.9% from $9.7B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Thomas Russo's Q2 2024 filing shows 2 new, 19 increased, 39 reduced and 6 closed positions. Its largest new stake was DoorDash: 716,388 shares worth $77.9M. The largest sale was Alphabet (Google) Class C, an estimated $145M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 36% a quarter earlier, followed by Miscellaneous and Communication Services.
- Thomas Russo's largest Q2 2024 buy was DoorDash: 716,388 shares worth $77.9M.
- Thomas Russo added most to Uber in Q2 2024, an estimated $23.9M increase.
- Thomas Russo's biggest Q2 2024 reduction was Alphabet (Google) Class C, cutting an estimated $145M.
- Thomas Russo fully exited Cable One in Q2 2024, selling an estimated $4.94M.
- Thomas Russo's ten largest holdings make up 80% of its $9.47B portfolio in Q2 2024.
- Thomas Russo opened 2 new positions and closed 6 in Q2 2024.
- Thomas Russo's portfolio value fell 2.9% quarter-over-quarter to $9.47B.
Based on Gardner Russo & Quinn's 13F filing for Q2 2024, filed 13 Aug 2024.