$10.3 Billion is the total value of Gardner Russo & Gardner's 86 reported holdings in Q3 2020. The portfolio turnover from Q2 2020 to Q3 2020 was 7.0% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MA | Sell | Mastercard Inc Cl A | $1,654,145,000 | +3.5% | 4,891,460 | -9.5% | 16.07% | -1.0% |
| NSRGY | Sell | Nestle SA-Spons ADR | $1,321,826,000 | +3.8% | 11,084,028 | -3.9% | 12.84% | -0.7% |
| BRKA | Sell | Berkshire Hathaway Inc Cl A | $1,140,164,000 | +18.1% | 3,563 | -1.4% | 11.08% | +12.9% |
| UN | Sell | Unilever NV ADR | $704,773,000 | +9.5% | 11,668,433 | -3.4% | 6.85% | +4.8% |
| Sell | Pernod Ricard | $680,023,000 | -2.4% | 4,259,293 | -3.8% | 6.61% | -6.6% | |
| Sell | Heineken Holding NV | $645,642,000 | -7.0% | 8,285,690 | -2.4% | 6.27% | -11.1% | |
| GOOG | Buy | Alphabet Inc Cl C | $639,342,000 | +7.5% | 435,045 | +3.4% | 6.21% | +2.8% |
| PM | Sell | Philip Morris International In | $618,572,000 | +7.0% | 8,248,722 | -0.0% | 6.01% | +2.3% |
| Sell | Compagnie Financiere Richemont | $495,909,000 | +0.0% | 7,384,381 | -5.0% | 4.82% | -4.3% | |
| BRKB | Buy | Berkshire Hathaway Inc Cl B | $450,612,000 | +23.8% | 2,116,145 | +3.8% | 4.38% | +18.4% |
| JPM | Buy | J.P. Morgan Chase | $363,552,000 | +6.8% | 3,776,377 | +4.3% | 3.53% | +2.1% |
| MLM | Sell | Martin Marietta Materials | $353,261,000 | +9.3% | 1,500,938 | -4.0% | 3.43% | +4.6% |
| Buy | Anheuser-Busch InBev SA | $330,960,000 | +12.2% | 6,105,623 | +1.9% | 3.22% | +7.3% | |
| CMCSA | Sell | Comcast Corp New Cl A | $229,025,000 | +13.5% | 4,950,823 | -4.4% | 2.23% | +8.5% |
| BFA | Sell | Brown-Forman Corp Cl A | $227,080,000 | +14.5% | 3,306,343 | -4.1% | 2.21% | +9.5% |
| BFB | Sell | Brown-Forman Corp Cl B | $99,547,000 | +9.2% | 1,321,658 | -7.7% | 0.97% | +4.4% |
| V | Sell | Visa Inc Cl A | $94,572,000 | +1.0% | 472,931 | -2.5% | 0.92% | -3.4% |
| WFC | Sell | Wells Fargo | $37,224,000 | -8.9% | 1,583,309 | -0.8% | 0.36% | -12.8% |
| DEO | Sell | Diageo PLC Sponsored ADR | $26,222,000 | -12.3% | 190,486 | -14.4% | 0.26% | -16.1% |
| MO | Sell | Altria Group Inc | $14,276,000 | -3.9% | 369,452 | -2.4% | 0.14% | -7.9% |
| Sell | Swedish Match AB | $12,672,000 | +4.6% | 154,765 | -10.2% | 0.12% | 0.0% | |
| Buy | Ashtead Group PLC | $12,126,000 | +4024.5% | 334,995 | +3728.5% | 0.12% | +3833.3% | |
| Buy | Davide Campari-Milano NV | $9,587,000 | +30.8% | 877,266 | +0.8% | 0.09% | +25.7% | |
| VMC | Sell | Vulcan Materials | $8,983,000 | +16.3% | 66,279 | -0.6% | 0.09% | +11.5% |
| AXP | Sell | American Express | $8,009,000 | -24.6% | 79,893 | -28.4% | 0.08% | -27.8% |
| HRL | Sell | Hormel Foods Corp | $7,049,000 | +0.9% | 144,171 | -0.3% | 0.07% | -4.2% |
| MKL | Markel Corp | $6,940,000 | +5.5% | 7,127 | 0.0% | 0.07% | 0.0% | |
| XOM | Sell | Exxon Mobil Corp | $6,122,000 | -23.5% | 178,324 | -0.3% | 0.06% | -27.2% |
| PG | Sell | Procter & Gamble | $5,439,000 | +16.1% | 39,129 | -0.2% | 0.05% | +10.4% |
| MKC | Sell | McCormick Inc | $5,196,000 | +8.0% | 26,771 | -0.2% | 0.05% | +2.0% |
| Nestle SA-REG | $5,028,000 | +7.7% | 42,250 | 0.0% | 0.05% | +4.3% | ||
| OUT | Sell | Outfront Media Inc | $4,592,000 | +1.6% | 315,591 | -1.0% | 0.04% | -2.2% |
| CR | Sell | Crane | $4,643,000 | -18.5% | 92,618 | -3.3% | 0.04% | -22.4% |
| MLHR | Sell | Herman Miller Inc | $4,306,000 | +16.4% | 142,772 | -8.9% | 0.04% | +10.5% |
| DOV | Sell | Dover Corp | $4,243,000 | +9.5% | 39,160 | -2.4% | 0.04% | +5.1% |
| Heineken NV | $3,612,000 | -3.4% | 40,588 | 0.0% | 0.04% | -7.9% | ||
| PEP | Sell | Pepsico Inc | $3,280,000 | +4.8% | 23,662 | -0.1% | 0.03% | 0.0% |
| UNP | Buy | Union Pac Corp | $3,322,000 | +16.9% | 16,876 | +0.4% | 0.03% | +10.3% |
| Buy | Unilever NV | $2,793,000 | +34.9% | 46,250 | +18.6% | 0.03% | +28.6% | |
| Anheuser-Busch InBev SA Restri | $2,795,000 | +10.0% | 51,578 | 0.0% | 0.03% | +3.8% | ||
| FMX | Sell | Fomento Economico Mex Sp ADR | $2,716,000 | -13.3% | 48,332 | -4.3% | 0.03% | -18.8% |
| KO | Coca-Cola | $2,600,000 | +10.5% | 52,672 | 0.0% | 0.02% | +4.2% | |
| DANOY | Sell | Danone ADR | $2,400,000 | -10.8% | 185,318 | -4.8% | 0.02% | -14.8% |
| Lindt & Spruengli AG - Reg | $2,231,000 | +3.9% | 25 | 0.0% | 0.02% | 0.0% | ||
| Sell | Loreal SA | $2,139,000 | -2.3% | 6,571 | -3.7% | 0.02% | -4.5% | |
| COST | Sell | Costco Whsl Corp | $1,914,000 | +16.5% | 5,393 | -0.5% | 0.02% | +11.8% |
| GOOGL | Sell | Alphabet Inc Cl A | $1,955,000 | -5.8% | 1,334 | -8.8% | 0.02% | -9.5% |
| SWZ | New | Swiss Helvetia FD Inc | $1,801,000 | – | 217,561 | +100.0% | 0.02% | – |
| PNC | PNC Bank Corp | $1,867,000 | +4.5% | 16,988 | 0.0% | 0.02% | 0.0% | |
| PDRDY | Buy | Pernod-Ricard SA-Unspon ADR | $1,551,000 | +2.8% | 48,574 | +1.3% | 0.02% | 0.0% |
| HEINY | Sell | Heineken NV Spons ADR | $1,385,000 | -18.0% | 31,127 | -15.1% | 0.01% | -23.5% |
| Sell | Reckitt Benckiser Group PLC | $1,317,000 | +4.3% | 13,480 | -2.0% | 0.01% | 0.0% | |
| ABT | Buy | Abbott Labs | $1,303,000 | +20.6% | 11,975 | +1.4% | 0.01% | +18.2% |
| ABBV | Buy | AbbVie Inc | $1,105,000 | -10.6% | 12,610 | +0.1% | 0.01% | -15.4% |
| FULT | Sell | Fulton Finl Corp | $1,093,000 | -11.5% | 117,184 | -0.1% | 0.01% | -15.4% |
| CFRUY | Buy | Compagnie Financiere Richemont | $1,144,000 | +11.9% | 170,379 | +6.3% | 0.01% | +10.0% |
| Sell | Diageo PLC | $1,133,000 | -99.3% | 33,086 | -99.3% | 0.01% | -99.3% | |
| DD | Sell | Dupont De Nemours Inc | $1,002,000 | +0.8% | 18,054 | -3.5% | 0.01% | 0.0% |
| AAPL | Buy | Apple Computer Inc | $1,048,000 | +41.2% | 9,048 | +344.6% | 0.01% | +25.0% |
| Buy | Carlsberg B A/S | $943,000 | +21.8% | 6,996 | +19.4% | 0.01% | +12.5% | |
| DOW | Buy | Dow Inc | $883,000 | +17.0% | 18,776 | +1.4% | 0.01% | +12.5% |
| Sell | LVMH Moet Hennessy Louis Vuitt | $816,000 | +3.8% | 1,743 | -2.8% | 0.01% | 0.0% | |
| MSFT | Microsoft Corp | $725,000 | +3.4% | 3,445 | 0.0% | 0.01% | 0.0% | |
| Sell | JC Decaux SA ACT | $667,000 | -40.4% | 38,500 | -36.1% | 0.01% | -45.5% | |
| WMT | Wal Mart Stores Inc | $641,000 | +16.8% | 4,580 | 0.0% | 0.01% | 0.0% | |
| CVX | Sell | Chevron Corp | $646,000 | -20.5% | 8,970 | -1.5% | 0.01% | -25.0% |
| DIS | Buy | Disney Walt Productions | $646,000 | +13.3% | 5,203 | +1.8% | 0.01% | 0.0% |
| LAMR | Lamar Advertising Co-A | $538,000 | -0.7% | 8,125 | 0.0% | 0.01% | -16.7% | |
| MCD | McDonalds Corp | $515,000 | +18.9% | 2,345 | 0.0% | 0.01% | +25.0% | |
| GHC | Sell | Graham Holdings Co | $468,000 | +17.3% | 1,159 | -0.3% | 0.01% | +25.0% |
| TFC | Buy | Truist Financial Corp | $398,000 | +1.8% | 10,463 | +0.6% | 0.00% | 0.0% |
| MTB | Buy | M & T Bk Corp | $415,000 | -10.6% | 4,511 | +1.2% | 0.00% | -20.0% |
| CTVA | Buy | Corteva Inc | $455,000 | +8.1% | 15,780 | +0.4% | 0.00% | 0.0% |
| LT Group Inc | $283,000 | +15.5% | 1,525,000 | 0.0% | 0.00% | +50.0% | ||
| CABO | Cable One Inc | $317,000 | +6.4% | 168 | 0.0% | 0.00% | 0.0% | |
| DHR | Danaher Corp | $287,000 | +21.6% | 1,333 | 0.0% | 0.00% | +50.0% | |
| MRK | Buy | Merck Inc | $326,000 | +7.2% | 3,935 | +0.2% | 0.00% | 0.0% |
| HKHHY | New | Heineken Holding NV ADR | $263,000 | – | 6,748 | +100.0% | 0.00% | – |
| RDSA | Sell | Royal Dutch Shell PLC ADR A | $230,000 | -25.8% | 9,146 | -3.7% | 0.00% | -33.3% |
| TWNKW | Sell | Hostess Brands Inc Wts Exp 11/wts | $176,000 | -18.1% | 215,000 | -14.0% | 0.00% | 0.0% |
| NKE | New | Nike Inc - Cl B | $203,000 | – | 1,617 | +100.0% | 0.00% | – |
| ORCL | Oracle Corp | $239,000 | +8.1% | 4,000 | 0.0% | 0.00% | 0.0% | |
| PXD | Pioneer Nat Res | $215,000 | -11.9% | 2,500 | 0.0% | 0.00% | 0.0% | |
| Cir SPA | $115,000 | -1.7% | 251,250 | 0.0% | 0.00% | 0.0% | ||
| Hanjaya Mandala Sampoerna | $94,000 | -18.3% | 1,000,000 | 0.0% | 0.00% | 0.0% | ||
| Bollore | $50,000 | +19.0% | 13,500 | 0.0% | 0.00% | – | ||
| Exit | Roche Holding AG | $0 | – | -635 | -100.0% | -0.00% | – | |
| BAC | Exit | Bank Amer Corp | $0 | – | -48,975 | -100.0% | -0.01% | – |
| EVF | Exit | Eaton Vance Sr Income TR SFsh ben int | $0 | – | -306,404 | -100.0% | -0.02% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2020-11-12
About Gardner Russo & Gardner
Gardner Russo & Gardner is a well-known investment management firm that has been in operation for over 50 years. The company was founded by Thomas Russo and Eugene Gardner in 1965 and has since grown to become a leading investment firm with over $15 billion in assets under management.
The firm is known for its long-term investment approach, which focuses on investing in high-quality companies with strong competitive advantages and sustainable business models. This approach has helped the firm to consistently outperform the market over the long term.
One of the key figures at Gardner Russo & Gardner is Thomas Russo, who is the Managing Member of the firm. Russo is a highly respected investor who has been recognized for his investment expertise by publications such as Barron's and Forbes. He is known for his focus on investing in consumer goods companies and has been a long-time investor in companies such as Nestle and Berkshire Hathaway.
Another important figure at the firm is Robert Gardiner, who is the Chief Investment Officer. Gardiner has been with the firm for over 30 years and is responsible for overseeing the firm's investment strategy and portfolio management.
Overall, Gardner Russo & Gardner is a well-respected investment management firm with a long track record of success. Its focus on investing in high-quality companies with sustainable business models has helped it to consistently outperform the market over the long term.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| Nestle SA Sponsored ADR | 42 | Q3 2023 | 12.9% |
| Berkshire Hathaway Inc Cl A | 42 | Q3 2023 | 14.4% |
| Mastercard Inc Cl A | 42 | Q3 2023 | 16.2% |
| Philip Morris International In | 42 | Q3 2023 | 9.3% |
| Heineken Holding NV | 42 | Q3 2023 | 7.8% |
| Pernod Ricard | 42 | Q3 2023 | 7.7% |
| Wells Fargo | 42 | Q3 2023 | 7.3% |
| Berkshire Hathaway Inc Cl B | 42 | Q3 2023 | 6.2% |
| Martin Marietta Materials | 42 | Q3 2023 | 4.6% |
| Brown-Forman Corp Cl A | 42 | Q3 2023 | 2.7% |
View Gardner Russo & Gardner's complete holdings history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-13 |
| 13F-HR | 2023-11-14 |
| 13F-HR | 2023-08-11 |
| 13F-HR | 2023-05-11 |
| 13F-HR | 2023-02-13 |
| 13F-HR | 2022-11-10 |
| 13F-HR | 2022-08-04 |
| 13F-HR | 2022-05-12 |
| 13F-HR | 2022-02-10 |
| 13F-HR | 2021-11-15 |
View Gardner Russo & Gardner's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.