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 |
Uber
UBER
|
+$10.7M |
| 2 |
ExxonMobil
XOM
|
+$889K |
| 3 |
Danaher
DHR
|
+$217K |
| 4 |
Trane Technologies
TT
|
+$187K |
| 5 |
Altria Group
MO
|
+$142K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$45.8M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$36.5M |
| 3 |
Netflix
NFLX
|
+$33.6M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$21M |
| 5 |
Mastercard
MA
|
+$20.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 35.37% |
| 2 | Communication Services | 16.93% |
| 3 | Consumer Staples | 8.56% |
| 4 | Materials | 4.21% |
| 5 | Technology | 2.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.41B | 14.51% |
2,045
-69
| -3% | -$45.8M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.18T
| $1B | 10.29% |
5,993,946
-215,910
| -3% | -$36.5M |
|
|
3
Mastercard
MA
$509B
| $993M | 10.2% |
2,011,308
-45,042
| -2% | -$20.9M |
|
4
Philip Morris
PM
$293B
| $654M | 6.71% |
5,386,500
-79,858
| -1% | -$9.28M |
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.06T
| $618M | 6.35% |
1,342,904
-47,406
| -3% | -$21M |
|
|
6
Netflix
NFLX
$331B
| $519M | 5.33% |
7,318,380
-502,240
| -6% | -$33.6M |
|
7
Martin Marietta Materials
MLM
$32.1B
| $404M | 4.14% |
750,072
-13,987
| -2% | -$7.56M |
|
8
JPMorgan Chase
JPM
$935B
| $304M | 3.12% |
1,440,707
-52,128
| -3% | -$11M |
|
|
9
Uber
UBER
$161B
| $285M | 2.93% |
3,797,379
+152,667
| +4% | +$10.7M |
|
10
Comcast
CMCSA
$95.3B
| $124M | 1.27% |
2,969,927
-94,895
| -3% | -$3.75M |
|
11
Brown-Forman Class A
BF.A
$13.3B
| $102M | 1.05% |
2,126,766
-43,917
| -2% | -$1.98M |
|
12
DoorDash
DASH
$96.8B
| $101M | 1.03% |
705,267
-11,121
| -2% | -$1.35M |
|
13
Visa
V
$693B
| $73M | 0.75% |
265,461
-17,253
| -6% | -$4.66M |
|
|
14
Brown-Forman Class B
BF.B
$13.1B
| $43.2M | 0.44% |
877,885
-13,901
| -2% | -$625K |
|
15
Wells Fargo
WFC
$254B
| $22.7M | 0.23% |
402,320
-76,322
| -16% | -$4.32M |
|
|
16
ExxonMobil
XOM
$679B
| $22.1M | 0.23% |
188,233
+7,703
| +4% | +$889K |
|
|
17
Altria Group
MO
$110B
| $14.8M | 0.15% |
289,098
+2,808
| +1% | +$142K |
|
18
Markel Group
MKL
$22.2B
| $14.1M | 0.15% |
9,016
-603
| -6% | -$944K |
|
19
Crane Co
CR
$12B
| $9.87M | 0.1% |
62,356
-2,550
| -4% | -$384K |
|
20
Union Pacific
UNP
$183B
| $6.02M | 0.06% |
24,420
+126
| +0.5% | +$30.6K |
|
21
Vulcan Materials
VMC
$35.8B
| $5.88M | 0.06% |
23,481
-10,141
| -30% | -$2.52M |
|
22
Procter & Gamble
PG
$336B
| $5.42M | 0.06% |
31,277
-729
| -2% | -$124K |
|
23
Costco
COST
$420B
| $4.81M | 0.05% |
5,422
-55
| -1% | -$47.7K |
|
24
Dover
DOV
$27.2B
| $4.43M | 0.05% |
23,101
-325
| -1% | -$59.2K |
|
25
American Express
AXP
$227B
| $4.16M | 0.04% |
15,341
-734
| -5% | -$183K |
|
Similar funds
Thomas Russo's Q3 2024 Portfolio in Review
As of Q3 2024, Thomas Russo held 79 positions worth $9.74B, up 2.9% from $9.47B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Thomas Russo's Q3 2024 filing shows 2 new, 12 increased, 48 reduced and 2 closed positions. Its largest new stake was Danaher: 819 shares worth $228K. The largest sale was Berkshire Hathaway Class A, an estimated $45.8M.
By sector, the portfolio is most concentrated in Financials at 35% of assets, up from 34% a quarter earlier, followed by Communication Services and Consumer Staples.
- Thomas Russo's largest Q3 2024 buy was Danaher: 819 shares worth $228K.
- Thomas Russo added most to Uber in Q3 2024, an estimated $10.7M increase.
- Thomas Russo's biggest Q3 2024 reduction was Berkshire Hathaway Class A, cutting an estimated $45.8M.
- Thomas Russo fully exited DuPont de Nemours in Q3 2024, selling an estimated $1.25M.
- Thomas Russo's ten largest holdings make up 79% of its $9.74B portfolio in Q3 2024.
- Thomas Russo opened 2 new positions and closed 2 in Q3 2024.
- Thomas Russo's portfolio value rose 2.9% quarter-over-quarter to $9.74B.
Based on Gardner Russo & Quinn's 13F filing for Q3 2024, filed 13 Nov 2024.