Great investors · Tom Russo · Q3 2024
What Tom Russo bought and sold in Q3 2024
Gardner Russo & Quinn 13F portfolio as of Sep 30, 2024: 77 positions worth $9.7 bn. Largest: BRK/A, GOOG, MA, CFRHF. Filed with the SEC on Nov 13, 2024.
The 13F is filed by Gardner Russo & Quinn, not by Tom Russo personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q3 2024
No purchase of 0.5 points of the portfolio or more this quarter.
Sells in Q3 2024
No sale of 0.5 points of the portfolio or more this quarter.
0 companies with material moves, out of 55 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Gardner Russo & Quinn's Q3 2024 13F lists 77 lines of US-listed securities worth $9.7 bn; the largest is BRK/A at 14.5% of the portfolio. It was accepted by the SEC on Nov 13, 2024 at 11:43 AM ET.
Against the previous quarter, it opened 2 positions (DHR and TT), closed 2 (DD and DOW), added to 6 (HKHHF, UBER, XOM and DVDCF and 2 more) and trimmed 45 (BRK/A, GOOG, NFLX and NSRGY and 41 more). 24 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway BRK/A | 2,045 | $1.4 bn | 14.5% | −3.3% |
| 2 | Alphabet GOOG | 6.0 M | $1.0 bn | 10.3% | −3.5% |
| 3 | Mastercard MA | 2.0 M | $993M | 10.2% | −2.2% |
| 4 | CIE Financi-reg CFRHF | 4.5 M | $715M | 7.34% | −3.4% |
| 5 | Nestle NSRGY | 7.0 M | $700M | 7.19% | −4.2% |
| 6 | Philip Morris International PM | 5.4 M | $654M | 6.71% | −1.5% |
| 7 | Berkshire Hathaway BRK/B | 1.3 M | $618M | 6.35% | −3.4% |
| 8 | Heineken Holding NV - A HKHHF | 8.2 M | $618M | 6.34% | +2.3% |
| 9 | Netflix NFLX | 731,838 | $519M | 5.33% | −6.4% |
| 10 | Pernod Ricard PDRDF | 3.3 M | $492M | 5.05% | −1.7% |
| 11 | Martin Marietta Materials MLM | 750,072 | $404M | 4.14% | −1.8% |
| 12 | Tkms Ag& Co Kgaa Ordf | 4.9 M | $384M | 3.94% | −2.2% |
| 13 | JPMorgan Chase JPM | 1.4 M | $304M | 3.12% | −3.5% |
| 14 | UBER Technologies UBER | 3.8 M | $285M | 2.93% | +4.2% |
| 15 | Comcast CMCSA | 3.0 M | $124M | 1.27% | −3.1% |
| 16 | Brown Forman BF/A | 2.1 M | $102M | 1.05% | −2% |
| 17 | DoorDash DASH | 705,267 | $101M | 1.03% | −1.6% |
| 18 | Visa V | 265,461 | $73.0M | 0.75% | −6.1% |
| 19 | Brown Forman BF/B | 877,885 | $43.2M | 0.44% | −1.6% |
| 20 | Anheuser-Busch InBev BUDFF | 398,625 | $26.4M | 0.27% | −9.7% |
| 21 | Wells Fargo WFC | 402,320 | $22.7M | 0.23% | −16% |
| 22 | Exxon Mobil XOM | 188,233 | $22.1M | 0.23% | +4.3% |
| 23 | Altria Group MO | 289,098 | $14.8M | 0.15% | no change |
| 24 | Markel Group MKL | 9,016 | $14.1M | 0.15% | −6.3% |
| 25 | Crane CR | 62,356 | $9.9M | 0.10% | −3.9% |
| 26 | Union Pacific UNP | 24,420 | $6.0M | 0.06% | no change |
| 27 | Davide Campari-Milano DVDCF | 703,377 | $6.0M | 0.06% | +3.9% |
| 28 | Vulcan Materials VMC | 23,481 | $5.9M | 0.06% | −30% |
| 29 | Procter & Gamble PG | 31,277 | $5.4M | 0.06% | −2.3% |
| 30 | Costco Wholesale COST | 5,422 | $4.8M | 0.05% | −1% |
| 31 | Dover DOV | 23,101 | $4.4M | 0.05% | −1.4% |
| 32 | American Express AXP | 15,341 | $4.2M | 0.04% | −4.6% |
| 33 | Nestle NSRGF | 40,081 | $4.0M | 0.04% | no change |
| 34 | McCORMICK MKC | 42,820 | $3.5M | 0.04% | −1.2% |
| 35 | Alphabet GOOGL | 20,436 | $3.4M | 0.03% | no change |
| 36 | Carlsberg B A/S CABJF | 23,450 | $2.8M | 0.03% | −3.9% |
| 37 | L Oreal Ordf LRLCF | 5,769 | $2.6M | 0.03% | −1.2% |
| 38 | Total Return Securities Fund SWZ | 283,350 | $2.5M | 0.03% | +1.4% |
| 39 | AbbVie ABBV | 12,510 | $2.5M | 0.03% | no change |
| 40 | Heineken HINKF | 25,441 | $2.3M | 0.02% | no change |
| 41 | Lindt & Spruengli AG - Reg COCXF | 17 | $2.2M | 0.02% | −11% |
| 42 | Microsoft MSFT | 5,005 | $2.2M | 0.02% | −3.8% |
| 43 | Pepsico PEP | 12,242 | $2.1M | 0.02% | −1% |
| 44 | Hormel Foods HRL | 53,091 | $1.7M | 0.02% | −8% |
| 45 | Fulton Financial FULT | 81,228 | $1.5M | 0.02% | −29% |
| 46 | Apple AAPL | 6,274 | $1.5M | 0.02% | −7.7% |
| 47 | Abbott Laboratories ABT | 11,510 | $1.3M | 0.01% | no change |
| 48 | Compagnie Financiere Richemont CFRUY | 66,340 | $1.1M | 0.01% | no change |
| 49 | Coca-Cola KO | 14,530 | $1.0M | 0.01% | no change |
| 50 | PNC Financial Services Group PNC | 5,350 | $989K | 0.01% | −24% |
| 51 | Walmart WMT | 10,365 | $837K | 0.01% | no change |
| 52 | OUTFRONT Media | 45,007 | $827K | 0.01% | −15% |
| 53 | Heineken Holding N V F HKHHY | 21,255 | $804K | 0.01% | +4.7% |
| 54 | Lamar Advertising LAMR | 5,974 | $798K | 0.01% | no change |
| 55 | Pernod RIC PRNDY | 23,057 | $698K | 0.01% | no change |
| 56 | Chevron CVX | 4,449 | $655K | 0.01% | −4.3% |
| 57 | Oracle ORCL | 3,475 | $592K | 0.01% | no change |
| 58 | Truist Financial TFC | 9,546 | $408K | 0.00% | −17% |
| 59 | Ashtead Group ASHTY | 1,253 | $389K | 0.00% | no change |
| 60 | Walt Disney DIS | 3,885 | $374K | 0.00% | −4.9% |
| 61 | Fomento Economico Mexicano S FMX | 3,641 | $359K | 0.00% | −27% |
| 62 | Corteva CTVA | 6,070 | $357K | 0.00% | no change |
| 63 | Merck MRK | 3,087 | $351K | 0.00% | −10% |
| 64 | Mondelez International MDLZ | 4,400 | $324K | 0.00% | no change |
| 65 | LT Group LTGIF | 1.8 M | $317K | 0.00% | no change |
| 66 | Diageo DGEAF | 8,452 | $295K | 0.00% | no change |
| 67 | Reckitt Benckiser GRP RBGPF | 4,230 | $260K | 0.00% | −8.6% |
| 68 | Hanjaya Mandala Sampoerna PHJMF | 5.0 M | $251K | 0.00% | no change |
| 69 | Heineken N V Fsponsored ADR 1 ADR Reps 0.5 HEINY | 5,255 | $234K | 0.00% | no change |
| 70 | Danaher DHR | 819 | $228K | 0.00% | new |
| 71 | Unum Group UNM | 3,800 | $226K | 0.00% | −6.2% |
| 72 | Carlisle Companies CSL | 500 | $225K | 0.00% | no change |
| 73 | McDONALD’S MCD | 705 | $215K | 0.00% | −41% |
| 74 | Trane Technologies TT | 540 | $210K | 0.00% | new |
| 75 | BP BP | 6,602 | $207K | 0.00% | no change |
| 76 | Cir SPA | 251,250 | $161K | 0.00% | no change |
| 77 | Davide Campari - Unsp DVCMY | 13,650 | $116K | 0.00% | no change |
Positions it closed (2)
- Dupont De Nemours DDwas 0.01% · 15,555 shares
- Dow DOWwas 0.01% · 18,097 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Gardner Russo & Quinn's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.