$12.8 Billion is the total value of Gardner Russo & Gardner's 112 reported holdings in Q3 2019. The portfolio turnover from Q2 2019 to Q3 2019 was 4.2% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| MA | Sell | Mastercard Inc Cl A | $1,811,969,000 | -0.9% | 6,672,200 | -3.5% | 14.10% | +1.4% |
| NSRGY | Sell | Nestle SA-Spons ADR | $1,413,177,000 | +2.1% | 13,036,690 | -2.6% | 11.00% | +4.6% |
| BRKA | Sell | Berkshire Hathaway Inc Cl A | $1,224,252,000 | -3.9% | 3,926 | -1.9% | 9.53% | -1.6% |
| Sell | Heineken Holding NV | $910,837,000 | -7.6% | 9,145,887 | -2.4% | 7.09% | -5.4% | |
| Sell | Pernod Ricard | $879,713,000 | -5.9% | 4,938,362 | -2.5% | 6.85% | -3.7% | |
| Sell | Compagnie Financiere Richemont | $764,515,000 | -15.8% | 10,411,579 | -2.6% | 5.95% | -13.8% | |
| UN | Sell | Unilever NV ADR | $758,844,000 | -2.9% | 12,641,082 | -1.8% | 5.91% | -0.6% |
| Sell | Anheuser-Busch InBev SA | $737,466,000 | +5.1% | 7,737,938 | -2.2% | 5.74% | +7.7% | |
| PM | Sell | Philip Morris International In | $689,698,000 | -5.7% | 9,083,335 | -2.5% | 5.37% | -3.5% |
| WFC | Buy | Wells Fargo | $644,817,000 | +7.8% | 12,783,847 | +1.2% | 5.02% | +10.4% |
| MLM | Sell | Martin Marietta Materials | $476,297,000 | +15.3% | 1,737,677 | -3.2% | 3.71% | +18.1% |
| BRKB | Sell | Berkshire Hathaway Inc Cl B | $470,679,000 | -5.4% | 2,262,661 | -3.0% | 3.66% | -3.1% |
| GOOG | Buy | Alphabet Inc Cl C | $311,306,000 | +47.3% | 255,378 | +30.6% | 2.42% | +50.8% |
| Sell | The Swatch Group AG-BR | $288,777,000 | -9.9% | 1,087,030 | -2.8% | 2.25% | -7.8% | |
| CMCSA | Sell | Comcast Corp New Cl A | $266,220,000 | +4.0% | 5,905,493 | -2.5% | 2.07% | +6.5% |
| BFA | Sell | Brown-Forman Corp Cl A | $231,917,000 | +6.9% | 3,881,452 | -1.6% | 1.80% | +9.5% |
| Sell | Diageo PLC | $228,806,000 | -7.2% | 5,570,766 | -2.7% | 1.78% | -5.0% | |
| Sell | JC Decaux SA ACT | $177,118,000 | -12.9% | 6,540,415 | -2.4% | 1.38% | -10.7% | |
| MO | Sell | Altria Group Inc | $134,393,000 | -43.1% | 3,285,894 | -34.1% | 1.05% | -41.8% |
| BFB | Sell | Brown-Forman Corp Cl B | $113,204,000 | +7.8% | 1,803,190 | -4.8% | 0.88% | +10.4% |
| V | Sell | Visa Inc Cl A | $86,449,000 | -2.9% | 502,580 | -2.0% | 0.67% | -0.6% |
| DEO | Sell | Diageo PLC Sponsored ADR | $38,586,000 | -7.2% | 235,970 | -2.2% | 0.30% | -5.1% |
| AXP | Sell | American Express | $16,270,000 | -5.5% | 137,557 | -1.3% | 0.13% | -3.1% |
| FMX | Sell | Fomento Economico Mex Sp ADR | $11,961,000 | -6.5% | 130,605 | -1.2% | 0.09% | -4.1% |
| XOM | Sell | Exxon Mobil Corp | $10,519,000 | -9.1% | 148,974 | -1.3% | 0.08% | -6.8% |
| OUT | Buy | Outfront Media Inc | $9,117,000 | +8.0% | 328,187 | +0.3% | 0.07% | +10.9% |
| MKL | Sell | Markel Corp | $8,955,000 | +7.0% | 7,577 | -1.4% | 0.07% | +9.4% |
| Sell | Swedish Match AB | $8,945,000 | -5.1% | 216,025 | -3.2% | 0.07% | -2.8% | |
| DANOY | Sell | Danone ADR | $8,769,000 | +3.2% | 497,613 | -0.6% | 0.07% | +4.6% |
| VMC | Buy | Vulcan Materials | $8,665,000 | +13.5% | 57,292 | +3.1% | 0.07% | +15.5% |
| CR | Sell | Crane | $7,954,000 | -4.3% | 98,643 | -1.0% | 0.06% | -1.6% |
| MLHR | Sell | Herman Miller Inc | $7,779,000 | +0.2% | 168,781 | -2.8% | 0.06% | +3.4% |
| HRL | Sell | Hormel Foods Corp | $6,632,000 | +6.7% | 151,668 | -1.1% | 0.05% | +10.6% |
| KO | Sell | Coca-Cola | $5,747,000 | +6.5% | 105,567 | -0.4% | 0.04% | +9.8% |
| PG | Sell | Procter & Gamble | $4,831,000 | +12.2% | 38,837 | -1.1% | 0.04% | +15.2% |
| Sell | Heineken NV | $4,944,000 | -3.8% | 45,738 | -0.5% | 0.04% | -2.6% | |
| Anheuser-Busch InBev SA Restri | $4,702,000 | +7.5% | 49,357 | 0.0% | 0.04% | +12.1% | ||
| Nestle SA-REG | $4,588,000 | +4.8% | 42,250 | 0.0% | 0.04% | +9.1% | ||
| MKC | Sell | McCormick Inc | $4,494,000 | +0.1% | 28,750 | -0.8% | 0.04% | +2.9% |
| DOV | Sell | Dover Corp | $4,208,000 | -3.5% | 42,265 | -2.8% | 0.03% | 0.0% |
| PEP | Sell | Pepsico Inc | $3,530,000 | +2.4% | 25,745 | -2.0% | 0.03% | +3.8% |
| PNC | Sell | PNC Bank Corp | $2,448,000 | +1.9% | 17,463 | -0.2% | 0.02% | +5.6% |
| Unilever NV | $2,345,000 | -1.4% | 39,000 | 0.0% | 0.02% | 0.0% | ||
| GOOGL | Alphabet Inc Cl A | $2,252,000 | +12.8% | 1,844 | 0.0% | 0.02% | +20.0% | |
| Lindt & Spruengli AG - Reg | $2,154,000 | +1.7% | 26 | 0.0% | 0.02% | +6.2% | ||
| RDSA | Sell | Royal Dutch Shell PLC ADR A | $1,952,000 | -10.7% | 33,165 | -1.3% | 0.02% | -11.8% |
| FULT | Fulton Finl Corp | $1,902,000 | -1.1% | 117,524 | 0.0% | 0.02% | 0.0% | |
| EVF | Sell | Eaton Vance Sr Income TR SFsh ben int | $1,819,000 | -3.3% | 297,240 | -1.6% | 0.01% | 0.0% |
| Sell | Reckitt Benckiser Group PLC | $1,596,000 | -10.7% | 20,417 | -9.6% | 0.01% | -14.3% | |
| HEINY | Sell | Heineken NV Spons ADR | $1,527,000 | -3.7% | 28,257 | -0.4% | 0.01% | 0.0% |
| COST | Buy | Costco Whsl Corp | $1,490,000 | +10.7% | 5,170 | +1.5% | 0.01% | +20.0% |
| Buy | Loreal SA | $1,566,000 | +9.4% | 5,591 | +11.4% | 0.01% | +9.1% | |
| BAC | Bank Amer Corp | $1,429,000 | +0.6% | 48,975 | 0.0% | 0.01% | 0.0% | |
| PDRDY | Buy | Pernod-Ricard SA-Unspon ADR | $1,476,000 | +15.0% | 41,430 | +19.1% | 0.01% | +10.0% |
| BIC | $1,465,000 | -12.1% | 21,815 | 0.0% | 0.01% | -15.4% | ||
| CFRUY | Buy | CIE Financiere Richemont-Unsp | $1,228,000 | -3.3% | 167,175 | +11.8% | 0.01% | 0.0% |
| JPM | Sell | J.P. Morgan Chase | $1,214,000 | -10.6% | 10,318 | -15.1% | 0.01% | -10.0% |
| ABBV | AbbVie Inc | $985,000 | +4.1% | 13,010 | 0.0% | 0.01% | +14.3% | |
| CVX | Sell | Chevron Corp | $1,073,000 | -6.9% | 9,048 | -2.4% | 0.01% | -11.1% |
| ABT | Abbott Labs | $1,013,000 | -0.5% | 12,110 | 0.0% | 0.01% | 0.0% | |
| DD | Sell | Dupont De Nemours Inc | $1,080,000 | -6.0% | 15,147 | -1.0% | 0.01% | -11.1% |
| Pargesa Holding AG - B | $887,000 | -0.3% | 11,526 | 0.0% | 0.01% | 0.0% | ||
| DOW | Sell | Dow Inc | $715,000 | -4.8% | 15,004 | -1.5% | 0.01% | 0.0% |
| MCD | McDonalds Corp | $638,000 | +3.4% | 2,970 | 0.0% | 0.01% | 0.0% | |
| LAMR | Sell | Lamar Advertising Co-A | $666,000 | -1.6% | 8,125 | -3.1% | 0.01% | 0.0% |
| MTB | Sell | M & T Bk Corp | $685,000 | -12.2% | 4,337 | -5.4% | 0.01% | -16.7% |
| AAPL | Apple Computer Inc | $469,000 | +13.0% | 2,095 | 0.0% | 0.00% | +33.3% | |
| MSFT | Microsoft Corp | $528,000 | +3.9% | 3,795 | 0.0% | 0.00% | 0.0% | |
| SWGAY | Buy | The Swatch Group AG ADR | $525,000 | +2.9% | 39,490 | +11.0% | 0.00% | 0.0% |
| Buy | Davide Campari-Milano SPA | $489,000 | +77.8% | 54,100 | +92.9% | 0.00% | +100.0% | |
| DIS | Sell | Disney Walt Productions | $563,000 | -8.0% | 4,323 | -1.4% | 0.00% | -20.0% |
| WMT | Wal Mart Stores Inc | $576,000 | +7.5% | 4,855 | 0.0% | 0.00% | 0.0% | |
| BBT | Buy | BB&T Corp | $547,000 | +9.2% | 10,250 | +0.5% | 0.00% | 0.0% |
| TWNKW | Hostess Brands Inc Wts Exp 11/wts | $363,000 | -9.9% | 212,000 | 0.0% | 0.00% | 0.0% | |
| CTVA | Sell | Corteva Inc | $362,000 | -20.1% | 12,930 | -15.5% | 0.00% | 0.0% |
| PXD | Pioneer Nat Res | $327,000 | -18.2% | 2,600 | 0.0% | 0.00% | 0.0% | |
| SWMAY | Swedish Match AB Unspon ADR | $345,000 | -2.0% | 16,650 | 0.0% | 0.00% | 0.0% | |
| ORLY | O Reilly Automotive Inc | $399,000 | +8.1% | 1,000 | 0.0% | 0.00% | 0.0% | |
| LT Group Inc | $336,000 | -9.4% | 1,250,000 | 0.0% | 0.00% | 0.0% | ||
| HKHHY | New | Heineken Holding NV ADR | $320,000 | – | 6,422 | +100.0% | 0.00% | – |
| UNP | Sell | Union Pac Corp | $253,000 | -11.8% | 1,560 | -8.2% | 0.00% | 0.0% |
| Sell | LVMH Moet Hennessy Louis Vuitt | $250,000 | -7.1% | 629 | -0.2% | 0.00% | 0.0% | |
| AIG | American Intl Group Inc | $319,000 | +4.2% | 5,735 | 0.0% | 0.00% | 0.0% | |
| Roche Holding AG | $226,000 | +3.7% | 775 | 0.0% | 0.00% | 0.0% | ||
| Y | Alleghany Corp | $258,000 | +16.7% | 324 | 0.0% | 0.00% | 0.0% | |
| Shiseido Co Ltd | $279,000 | +5.7% | 3,500 | 0.0% | 0.00% | 0.0% | ||
| Groupe Danone | $282,000 | +3.7% | 3,205 | 0.0% | 0.00% | 0.0% | ||
| ORCL | Oracle Corp | $220,000 | -3.5% | 4,000 | 0.0% | 0.00% | 0.0% | |
| MRK | Merck Inc | $234,000 | +0.4% | 2,781 | 0.0% | 0.00% | 0.0% | |
| COTY | Sell | Coty Inc-CL A | $152,000 | -25.5% | 14,500 | -4.8% | 0.00% | -50.0% |
| Cir SPA | $127,000 | -5.2% | 125,000 | 0.0% | 0.00% | 0.0% | ||
| Hanjaya Mandala Sampoerna | $111,000 | -27.5% | 687,500 | 0.0% | 0.00% | 0.0% | ||
| Sell | Bollore | $56,000 | -57.9% | 13,500 | -55.0% | 0.00% | -100.0% | |
| PZ Cussons PLC | $37,000 | -9.8% | 15,000 | 0.0% | 0.00% | – | ||
| BP | Exit | BP PLC ADR | $0 | – | -5,099 | -100.0% | -0.00% | – |
| USB | Exit | US Bancorp | $0 | – | -4,314 | -100.0% | -0.00% | – |
| BUD | Exit | Anheuser-Busch InBev ADR | $0 | – | -4,193 | -100.0% | -0.00% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2019-11-13
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.