$12 Billion is the total value of Gardner Russo & Gardner's 88 reported holdings in Q4 2018. The portfolio turnover from Q3 2018 to Q4 2018 was 11.6% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MA | Sell | Mastercard Inc Cl A | $1,523,877,000 | -18.0% | 8,077,802 | -3.3% | 12.65% | -5.9% |
| BRKA | Sell | Berkshire Hathaway Inc Cl A | $1,351,602,000 | -7.3% | 4,417 | -3.0% | 11.22% | +6.5% |
| NSRGY | Sell | Nestle SA-Spons ADR | $1,206,107,000 | -5.8% | 14,897,566 | -3.2% | 10.01% | +8.1% |
| Sell | Pernod Ricard | $923,834,000 | -3.8% | 5,639,552 | -3.6% | 7.67% | +10.5% | |
| Sell | Heineken Holding NV | $869,593,000 | -9.3% | 10,314,562 | -2.6% | 7.22% | +4.1% | |
| UN | Sell | Unilever NV ADR | $770,566,000 | -5.8% | 14,322,780 | -2.7% | 6.40% | +8.2% |
| Sell | Compagnie Financiere Richemont | $733,437,000 | -23.1% | 11,476,544 | -1.4% | 6.09% | -11.7% | |
| PM | Sell | Philip Morris International In | $669,209,000 | -20.3% | 10,024,100 | -2.7% | 5.56% | -8.5% |
| WFC | Sell | Wells Fargo | $614,774,000 | -12.6% | 13,341,454 | -0.3% | 5.10% | +0.4% |
| Sell | Anheuser-Busch InBev SA | $514,468,000 | -27.0% | 7,799,725 | -3.2% | 4.27% | -16.1% | |
| BRKB | Sell | Berkshire Hathaway Inc Cl B | $507,440,000 | -7.1% | 2,485,257 | -2.6% | 4.21% | +6.6% |
| Sell | The Swatch Group AG-BR | $347,226,000 | -27.4% | 1,193,914 | -0.2% | 2.88% | -16.6% | |
| MLM | Sell | Martin Marietta Materials | $334,276,000 | -7.6% | 1,944,937 | -2.1% | 2.78% | +6.1% |
| Sell | Diageo PLC | $269,760,000 | -3.7% | 7,578,148 | -4.1% | 2.24% | +10.6% | |
| MO | Sell | Altria Group Inc | $263,346,000 | -19.9% | 5,331,976 | -2.1% | 2.19% | -8.0% |
| CMCSA | Sell | Comcast Corp New Cl A | $230,853,000 | -6.9% | 6,779,811 | -3.2% | 1.92% | +6.9% |
| Sell | JC Decaux SA ACT | $202,788,000 | -27.3% | 7,234,684 | -5.1% | 1.68% | -16.6% | |
| BFA | Sell | Brown-Forman Corp Cl A | $199,967,000 | -8.4% | 4,216,925 | -1.8% | 1.66% | +5.2% |
| BFB | Sell | Brown-Forman Corp Cl B | $115,117,000 | -9.4% | 2,419,447 | -3.7% | 0.96% | +4.1% |
| GOOG | Buy | Alphabet Inc Cl C | $95,866,000 | +40.1% | 92,570 | +61.4% | 0.80% | +60.8% |
| V | Sell | Visa Inc Cl A | $77,114,000 | -16.7% | 584,461 | -5.2% | 0.64% | -4.3% |
| DEO | Sell | Diageo PLC Sponsored ADR | $51,623,000 | -6.7% | 364,056 | -6.8% | 0.43% | +7.2% |
| AXP | Sell | American Express | $15,609,000 | -17.4% | 163,749 | -7.7% | 0.13% | -5.1% |
| FMX | Sell | Fomento Economico Mex Sp ADR | $13,165,000 | -18.1% | 152,995 | -5.8% | 0.11% | -6.0% |
| XOM | Sell | Exxon Mobil Corp | $10,339,000 | -21.5% | 151,616 | -2.2% | 0.09% | -9.5% |
| DANOY | Sell | Danone ADR | $10,286,000 | -19.9% | 731,449 | -11.8% | 0.08% | -8.6% |
| Sell | Swedish Match AB | $9,665,000 | -26.9% | 245,445 | -5.0% | 0.08% | -16.7% | |
| MKL | Sell | Markel Corp | $8,221,000 | -13.5% | 7,920 | -1.0% | 0.07% | -1.4% |
| CR | Sell | Crane | $7,723,000 | -32.6% | 106,993 | -8.2% | 0.06% | -22.9% |
| OUT | Sell | Outfront Media Inc | $7,435,000 | -18.6% | 410,326 | -10.4% | 0.06% | -6.1% |
| HRL | Sell | Hormel Foods Corp | $6,631,000 | +5.2% | 155,373 | -2.9% | 0.06% | +19.6% |
| MLHR | Sell | Herman Miller Inc | $5,542,000 | -24.1% | 183,216 | -3.7% | 0.05% | -13.2% |
| KO | Sell | Coca-Cola | $5,536,000 | +0.5% | 116,923 | -2.0% | 0.05% | +15.0% |
| VMC | Sell | Vulcan Materials | $5,315,000 | -13.7% | 53,800 | -2.9% | 0.04% | -2.2% |
| MKC | Sell | McCormick Inc | $4,296,000 | -0.6% | 30,855 | -5.9% | 0.04% | +16.1% |
| PG | Sell | Procter & Gamble | $4,183,000 | +6.0% | 45,511 | -4.1% | 0.04% | +20.7% |
| Heineken NV | $4,058,000 | -5.9% | 45,988 | 0.0% | 0.03% | +9.7% | ||
| Anheuser-Busch InBev SA Restri | $3,428,000 | -24.5% | 51,983 | 0.0% | 0.03% | -15.2% | ||
| Nestle SA-REG | $3,319,000 | -3.3% | 41,000 | 0.0% | 0.03% | +12.0% | ||
| PEP | Sell | Pepsico Inc | $3,085,000 | -13.7% | 27,921 | -12.7% | 0.03% | 0.0% |
| DOV | Sell | Dover Corp | $3,171,000 | -28.8% | 44,691 | -11.1% | 0.03% | -18.8% |
| DWDP | Buy | DowDupont Inc | $2,552,000 | -16.7% | 47,724 | +0.2% | 0.02% | -4.5% |
| RDSA | Sell | Royal Dutch Shell PLC ADR A | $2,269,000 | -16.9% | 38,945 | -2.8% | 0.02% | -5.0% |
| BIC | $2,248,000 | +11.3% | 22,055 | 0.0% | 0.02% | +26.7% | ||
| PNC | Sell | PNC Bank Corp | $2,124,000 | -20.3% | 18,168 | -7.2% | 0.02% | -5.3% |
| Unilever NV | $2,114,000 | -2.7% | 39,000 | 0.0% | 0.02% | +12.5% | ||
| Lindt & Spruengli AG - Reg | $1,933,000 | -9.8% | 26 | 0.0% | 0.02% | +6.7% | ||
| GOOGL | Sell | Alphabet Inc Cl A | $1,895,000 | -16.1% | 1,813 | -3.1% | 0.02% | 0.0% |
| EVF | Buy | Eaton Vance Sr Income TR SFsh ben int | $1,782,000 | -6.2% | 296,926 | +0.8% | 0.02% | +7.1% |
| Sell | Reckitt Benckiser Group PLC | $1,817,000 | -19.6% | 23,732 | -4.0% | 0.02% | -6.2% | |
| FULT | Fulton Finl Corp | $1,860,000 | -7.0% | 120,154 | 0.0% | 0.02% | +7.1% | |
| PDRDY | Sell | Pernod-Ricard SA-Unspon ADR | $1,586,000 | -12.6% | 48,424 | -12.4% | 0.01% | 0.0% |
| ABBV | AbbVie Inc | $1,288,000 | -2.5% | 13,966 | 0.0% | 0.01% | +10.0% | |
| CVX | Chevron Corp | $1,160,000 | -11.0% | 10,663 | 0.0% | 0.01% | +11.1% | |
| HEINY | Sell | Heineken NV Spons ADR | $1,170,000 | -39.4% | 26,512 | -35.6% | 0.01% | -28.6% |
| JPM | Buy | J.P. Morgan Chase | $1,171,000 | -9.9% | 12,000 | +4.2% | 0.01% | +11.1% |
| BAC | Sell | Bank Amer Corp | $1,207,000 | -18.0% | 48,975 | -2.0% | 0.01% | -9.1% |
| KHC | Buy | Kraft Heinz Co | $1,030,000 | -20.6% | 23,940 | +1.7% | 0.01% | 0.0% |
| COST | Costco Whsl Corp | $1,065,000 | -13.3% | 5,227 | 0.0% | 0.01% | 0.0% | |
| Loreal SA | $1,076,000 | -4.7% | 4,680 | 0.0% | 0.01% | +12.5% | ||
| ABT | Abbott Labs | $1,010,000 | -1.4% | 13,960 | 0.0% | 0.01% | +14.3% | |
| Pargesa Holding AG - B | $846,000 | -11.0% | 11,776 | 0.0% | 0.01% | 0.0% | ||
| CFRUY | Sell | CIE Financiere Richemont-Unsp | $626,000 | -66.9% | 97,895 | -57.6% | 0.01% | -64.3% |
| MTB | New | M & T Bk Corp | $648,000 | – | 4,529 | +100.0% | 0.01% | – |
| LAMR | Sell | Lamar Advertising Co-A | $606,000 | -31.9% | 8,756 | -23.5% | 0.01% | -16.7% |
| DIS | Disney Walt Productions | $490,000 | -6.1% | 4,468 | 0.0% | 0.00% | 0.0% | |
| MCD | McDonalds Corp | $526,000 | +6.0% | 2,965 | 0.0% | 0.00% | 0.0% | |
| BBT | Sell | BB&T Corp | $438,000 | -15.0% | 10,116 | -4.7% | 0.00% | 0.0% |
| WMT | Wal Mart Stores Inc | $471,000 | -0.8% | 5,055 | 0.0% | 0.00% | +33.3% | |
| ORLY | O Reilly Automotive Inc | $344,000 | -0.9% | 1,000 | 0.0% | 0.00% | 0.0% | |
| MSFT | Microsoft Corp | $385,000 | -11.3% | 3,795 | 0.0% | 0.00% | 0.0% | |
| PXD | Pioneer Nat Res | $342,000 | -24.5% | 2,600 | 0.0% | 0.00% | 0.0% | |
| Buy | LT Group Inc | $395,000 | +47.9% | 1,250,000 | +25.0% | 0.00% | +50.0% | |
| APY | Sell | Apergy Corp | $318,000 | -49.7% | 11,737 | -19.1% | 0.00% | -40.0% |
| AAPL | Sell | Apple Computer Inc | $330,000 | -43.7% | 2,095 | -19.3% | 0.00% | -25.0% |
| UNP | Union Pac Corp | $264,000 | -15.1% | 1,910 | 0.0% | 0.00% | 0.0% | |
| MRK | New | Merck Inc | $213,000 | – | 2,786 | +100.0% | 0.00% | – |
| Groupe Danone | $230,000 | -9.4% | 3,275 | 0.0% | 0.00% | 0.0% | ||
| TWNKW | Buy | Hostess Brands Inc Wts Exp 11/wts | $197,000 | +85.8% | 212,000 | +112.0% | 0.00% | +100.0% |
| COTY | Sell | Coty Inc-CL A | $225,000 | -48.9% | 34,358 | -1.9% | 0.00% | -33.3% |
| Shiseido Co Ltd | $220,000 | -18.8% | 3,500 | 0.0% | 0.00% | 0.0% | ||
| AIG | American Intl Group Inc | $226,000 | -25.9% | 5,735 | 0.0% | 0.00% | 0.0% | |
| Y | Alleghany Corp | $202,000 | -4.3% | 324 | 0.0% | 0.00% | 0.0% | |
| MMM | 3M Company | $217,000 | -9.6% | 1,140 | 0.0% | 0.00% | 0.0% | |
| Cir SPA | $133,000 | -7.0% | 125,000 | 0.0% | 0.00% | 0.0% | ||
| Bollore | $120,000 | -7.7% | 30,000 | 0.0% | 0.00% | 0.0% | ||
| Hanjaya Mandala Sampoerna | $177,000 | -0.6% | 687,500 | 0.0% | 0.00% | 0.0% | ||
| PZ Cussons PLC | $41,000 | -10.9% | 15,000 | 0.0% | 0.00% | – | ||
| ORCL | Exit | Oracle Corp | $0 | – | -4,000 | -100.0% | -0.00% | – |
| COP | Exit | Conocophillips | $0 | – | -2,638 | -100.0% | -0.00% | – |
| IBM | Exit | I B M | $0 | – | -1,571 | -100.0% | -0.00% | – |
| CC | Exit | Chemours Co | $0 | – | -6,466 | -100.0% | -0.00% | – |
| USB | Exit | US Bancorp | $0 | – | -4,314 | -100.0% | -0.00% | – |
| BP | Exit | BP PLC ADR | $0 | – | -5,200 | -100.0% | -0.00% | – |
| NLSN | Exit | Nielsen Holdings PLC ORD | $0 | – | -16,775 | -100.0% | -0.00% | – |
| MTBWS | Exit | M&T Bank Corp Wts Exp 12/23/1wts | $0 | – | -7,360 | -100.0% | -0.01% | – |
| SWGAY | Exit | The Swatch Group AG ADR | $0 | – | -54,590 | -100.0% | -0.01% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2019-02-13
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.