$13.8 Billion is the total value of Gardner Russo & Gardner's 95 reported holdings in Q3 2018. The portfolio turnover from Q2 2018 to Q3 2018 was 9.2% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MA | Sell | Mastercard Inc Cl A | $1,859,095,000 | +9.2% | 8,351,354 | -3.6% | 13.44% | +8.3% |
| BRKA | Sell | Berkshire Hathaway Inc Cl A | $1,457,600,000 | +11.8% | 4,555 | -1.4% | 10.54% | +10.8% |
| NSRGY | Sell | Nestle SA-Spons ADR | $1,280,642,000 | +5.4% | 15,392,326 | -1.9% | 9.26% | +4.4% |
| Sell | Pernod Ricard | $959,965,000 | -0.3% | 5,849,165 | -0.7% | 6.94% | -1.2% | |
| Buy | Heineken Holding NV | $959,174,000 | -5.3% | 10,587,256 | +0.2% | 6.94% | -6.1% | |
| Buy | Compagnie Financiere Richemont | $953,646,000 | -2.1% | 11,644,012 | +1.2% | 6.90% | -3.0% | |
| PM | Sell | Philip Morris International In | $839,953,000 | +0.1% | 10,301,119 | -0.9% | 6.07% | -0.8% |
| UN | Sell | Unilever NV ADR | $817,875,000 | -1.8% | 14,723,219 | -1.5% | 5.91% | -2.7% |
| Buy | Anheuser-Busch InBev SA | $704,298,000 | -13.4% | 8,061,282 | +0.1% | 5.09% | -14.2% | |
| WFC | Buy | Wells Fargo | $703,074,000 | +3.3% | 13,376,592 | +9.0% | 5.08% | +2.4% |
| BRKB | Buy | Berkshire Hathaway Inc Cl B | $546,354,000 | +15.8% | 2,551,745 | +1.0% | 3.95% | +14.8% |
| Buy | The Swatch Group AG-BR | $478,121,000 | -12.4% | 1,196,589 | +4.0% | 3.46% | -13.2% | |
| MLM | Sell | Martin Marietta Materials | $361,586,000 | -18.7% | 1,987,280 | -0.2% | 2.62% | -19.4% |
| MO | Sell | Altria Group Inc | $328,618,000 | +4.4% | 5,448,807 | -1.7% | 2.38% | +3.5% |
| Sell | Diageo PLC | $280,229,000 | -2.7% | 7,903,324 | -1.4% | 2.03% | -3.6% | |
| Sell | JC Decaux SA ACT | $279,028,000 | +8.1% | 7,626,378 | -1.1% | 2.02% | +7.2% | |
| CMCSA | Sell | Comcast Corp New Cl A | $247,943,000 | +6.7% | 7,002,063 | -1.1% | 1.79% | +5.8% |
| BFA | Sell | Brown-Forman Corp Cl A | $218,203,000 | +3.7% | 4,295,327 | -0.3% | 1.58% | +2.7% |
| BFB | Sell | Brown-Forman Corp Cl B | $127,002,000 | -2.0% | 2,512,409 | -5.0% | 0.92% | -3.0% |
| V | Sell | Visa Inc Cl A | $92,541,000 | +12.0% | 616,572 | -1.2% | 0.67% | +10.9% |
| GOOG | Buy | Alphabet Inc Cl C | $68,447,000 | +8.2% | 57,351 | +1.1% | 0.50% | +7.1% |
| DEO | Sell | Diageo PLC Sponsored ADR | $55,319,000 | -4.6% | 390,477 | -3.0% | 0.40% | -5.4% |
| AXP | Sell | American Express | $18,896,000 | +6.9% | 177,446 | -1.6% | 0.14% | +6.2% |
| FMX | Sell | Fomento Economico Mex Sp ADR | $16,073,000 | +11.6% | 162,402 | -1.0% | 0.12% | +10.5% |
| Sell | Swedish Match AB | $13,220,000 | +2.6% | 258,395 | -0.5% | 0.10% | +2.1% | |
| XOM | Buy | Exxon Mobil Corp | $13,174,000 | +3.2% | 154,948 | +0.4% | 0.10% | +2.2% |
| DANOY | Sell | Danone ADR | $12,844,000 | +3.2% | 828,970 | -2.2% | 0.09% | +2.2% |
| CR | Sell | Crane | $11,460,000 | +19.3% | 116,518 | -2.8% | 0.08% | +18.6% |
| MKL | Sell | Markel Corp | $9,508,000 | +8.4% | 8,000 | -1.1% | 0.07% | +7.8% |
| OUT | Buy | Outfront Media Inc | $9,137,000 | +3.2% | 457,996 | +0.6% | 0.07% | +1.5% |
| MLHR | Sell | Herman Miller Inc | $7,306,000 | +10.0% | 190,266 | -2.9% | 0.05% | +10.4% |
| HRL | Buy | Hormel Foods Corp | $6,305,000 | +6.8% | 160,023 | +0.9% | 0.05% | +7.0% |
| VMC | Buy | Vulcan Materials | $6,162,000 | -13.0% | 55,415 | +1.0% | 0.04% | -13.5% |
| KO | Sell | Coca-Cola | $5,511,000 | +3.0% | 119,308 | -2.2% | 0.04% | +2.6% |
| Anheuser-Busch InBev SA Restri | $4,541,000 | -13.5% | 51,983 | 0.0% | 0.03% | -13.2% | ||
| DOV | Sell | Dover Corp | $4,452,000 | +18.6% | 50,291 | -1.9% | 0.03% | +18.5% |
| MKC | Sell | McCormick Inc | $4,322,000 | +11.3% | 32,805 | -1.9% | 0.03% | +10.7% |
| Heineken NV | $4,314,000 | -6.6% | 45,988 | 0.0% | 0.03% | -8.8% | ||
| PG | Sell | Procter & Gamble | $3,948,000 | +3.5% | 47,439 | -2.9% | 0.03% | +3.6% |
| PEP | Sell | Pepsico Inc | $3,575,000 | +2.1% | 31,975 | -0.6% | 0.03% | 0.0% |
| Nestle SA-REG | $3,434,000 | +8.2% | 41,000 | 0.0% | 0.02% | +8.7% | ||
| DWDP | Sell | DowDupont Inc | $3,063,000 | -2.5% | 47,631 | -0.0% | 0.02% | -4.3% |
| RDSA | Sell | Royal Dutch Shell PLC ADR A | $2,729,000 | -13.4% | 40,050 | -12.1% | 0.02% | -13.0% |
| PNC | Sell | PNC Bank Corp | $2,665,000 | -5.9% | 19,568 | -6.6% | 0.02% | -9.5% |
| Unilever NV | $2,173,000 | -0.1% | 39,000 | 0.0% | 0.02% | 0.0% | ||
| Sell | Reckitt Benckiser Group PLC | $2,261,000 | +9.2% | 24,717 | -1.7% | 0.02% | +6.7% | |
| GOOGL | Alphabet Inc Cl A | $2,258,000 | +6.9% | 1,871 | 0.0% | 0.02% | +6.7% | |
| Sell | Lindt & Spruengli AG - Reg | $2,143,000 | +4.5% | 26 | -3.7% | 0.02% | 0.0% | |
| Buy | BIC | $2,020,000 | +3.5% | 22,055 | +4.7% | 0.02% | +7.1% | |
| CFRUY | Buy | CIE Financiere Richemont-Unsp | $1,892,000 | +1.4% | 231,020 | +4.9% | 0.01% | 0.0% |
| HEINY | Buy | Heineken NV Spons ADR | $1,931,000 | -3.5% | 41,177 | +3.3% | 0.01% | -6.7% |
| FULT | Sell | Fulton Finl Corp | $2,001,000 | +0.9% | 120,154 | -0.1% | 0.01% | 0.0% |
| EVF | Buy | Eaton Vance Sr Income TR SFsh ben int | $1,900,000 | +1.9% | 294,503 | +0.8% | 0.01% | 0.0% |
| PDRDY | Buy | Pernod-Ricard SA-Unspon ADR | $1,814,000 | +4.5% | 55,265 | +4.0% | 0.01% | 0.0% |
| BAC | Buy | Bank Amer Corp | $1,472,000 | +8.9% | 49,975 | +4.2% | 0.01% | +10.0% |
| ABBV | AbbVie Inc | $1,321,000 | +2.1% | 13,966 | 0.0% | 0.01% | +11.1% | |
| KHC | Kraft Heinz Co | $1,297,000 | -12.2% | 23,535 | 0.0% | 0.01% | -18.2% | |
| COST | Sell | Costco Whsl Corp | $1,228,000 | +7.3% | 5,227 | -4.5% | 0.01% | +12.5% |
| CVX | Sell | Chevron Corp | $1,304,000 | -6.5% | 10,663 | -3.4% | 0.01% | -10.0% |
| JPM | Buy | J.P. Morgan Chase | $1,300,000 | +525.0% | 11,520 | +476.0% | 0.01% | +350.0% |
| Sell | Loreal SA | $1,129,000 | -5.0% | 4,680 | -2.7% | 0.01% | -11.1% | |
| SWGAY | Buy | The Swatch Group AG ADR | $1,091,000 | -6.1% | 54,590 | +11.4% | 0.01% | 0.0% |
| ABT | Abbott Labs | $1,024,000 | +20.3% | 13,960 | 0.0% | 0.01% | +16.7% | |
| Pargesa Holding AG - B | $951,000 | -4.6% | 11,776 | 0.0% | 0.01% | 0.0% | ||
| LAMR | Sell | Lamar Advertising Co-A | $890,000 | +9.1% | 11,445 | -4.2% | 0.01% | 0.0% |
| MTBWS | M&T Bank Corp Wts Exp 12/23/1wts | $682,000 | -3.8% | 7,360 | 0.0% | 0.01% | 0.0% | |
| APY | Sell | Apergy Corp | $632,000 | -38.6% | 14,512 | -41.1% | 0.01% | -37.5% |
| BBT | Buy | BB&T Corp | $515,000 | -3.6% | 10,617 | +0.4% | 0.00% | 0.0% |
| DIS | Sell | Disney Walt Productions | $522,000 | +8.3% | 4,468 | -2.9% | 0.00% | 0.0% |
| MCD | McDonalds Corp | $496,000 | +6.7% | 2,965 | 0.0% | 0.00% | +33.3% | |
| AAPL | Buy | Apple Computer Inc | $586,000 | +86.6% | 2,595 | +53.1% | 0.00% | +100.0% |
| COTY | Sell | Coty Inc-CL A | $440,000 | -11.1% | 35,008 | -0.2% | 0.00% | -25.0% |
| WMT | Sell | Wal Mart Stores Inc | $475,000 | +4.6% | 5,055 | -4.5% | 0.00% | 0.0% |
| NLSN | Sell | Nielsen Holdings PLC ORD | $464,000 | -21.0% | 16,775 | -11.6% | 0.00% | -25.0% |
| PXD | Pioneer Nat Res | $453,000 | -7.9% | 2,600 | 0.0% | 0.00% | -25.0% | |
| ORLY | Sell | O Reilly Automotive Inc | $347,000 | +15.3% | 1,000 | -9.1% | 0.00% | +50.0% |
| MSFT | Sell | Microsoft Corp | $434,000 | +14.2% | 3,795 | -1.4% | 0.00% | 0.0% |
| MMM | Sell | 3M Company | $240,000 | -14.3% | 1,140 | -20.0% | 0.00% | 0.0% |
| UNP | Union Pac Corp | $311,000 | +14.8% | 1,910 | 0.0% | 0.00% | 0.0% | |
| Groupe Danone | $254,000 | +5.8% | 3,275 | 0.0% | 0.00% | 0.0% | ||
| IBM | Sell | I B M | $238,000 | -69.1% | 1,571 | -71.5% | 0.00% | -66.7% |
| CC | Buy | Chemours Co | $255,000 | -10.5% | 6,466 | +0.6% | 0.00% | 0.0% |
| BP | Buy | BP PLC ADR | $240,000 | +1.3% | 5,200 | +0.0% | 0.00% | 0.0% |
| Shiseido Co Ltd | $271,000 | -2.5% | 3,500 | 0.0% | 0.00% | 0.0% | ||
| AIG | American Intl Group Inc | $305,000 | +0.3% | 5,735 | 0.0% | 0.00% | 0.0% | |
| Y | New | Alleghany Corp | $211,000 | – | 324 | +100.0% | 0.00% | – |
| Buy | LT Group Inc | $267,000 | -15.8% | 1,000,000 | +7.0% | 0.00% | 0.0% | |
| USB | US Bancorp | $228,000 | +5.6% | 4,314 | 0.0% | 0.00% | 0.0% | |
| Bollore | $130,000 | -7.1% | 30,000 | 0.0% | 0.00% | 0.0% | ||
| ORCL | New | Oracle Corp | $206,000 | – | 4,000 | +100.0% | 0.00% | – |
| TWNKW | Buy | Hostess Brands Inc Wts Exp 11/wts | $106,000 | +8.2% | 100,000 | +73.9% | 0.00% | 0.0% |
| Cir SPA | $143,000 | -6.5% | 125,000 | 0.0% | 0.00% | 0.0% | ||
| Hanjaya Mandala Sampoerna | $178,000 | +3.5% | 687,500 | 0.0% | 0.00% | 0.0% | ||
| COP | New | Conocophillips | $204,000 | – | 2,638 | +100.0% | 0.00% | – |
| PZ Cussons PLC | $46,000 | +2.2% | 15,000 | 0.0% | 0.00% | – | ||
| JNJ | Exit | Johnson & Johnson | $0 | – | -1,715 | -100.0% | -0.00% | – |
| SLB | Exit | Schlumberger LTD | $0 | – | -4,225 | -100.0% | -0.00% | – |
| CSFL | Exit | Centerstate BKS FLA Inc | $0 | – | -7,304 | -100.0% | -0.00% | – |
| JPMWS | Exit | JP Morgan Chase & Co WTS Exp 1wts | $0 | – | -14,915 | -100.0% | -0.01% | – |
| WFCWS | Exit | Wells Fargo WTS Exp 10/28/18wts | $0 | – | -81,785 | -100.0% | -0.01% | – |
| Exit | British American Tobacco PLC | $0 | – | -1,254,227 | -100.0% | -0.46% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2018-11-13
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.