- Gardner Russo & Quinn’s 13F portfolio value increased from $9.47B to $9.74B.
- Russo increased Uber Technologies marginally this quarter.
- The top three 13F stakes are Berkshire Hathaway (BRK.A), Alphabet (GOOG), and MasterCard (MA). They add up to ~41% of the portfolio.
This article is part of a series that provides an ongoing
analysis of the changes made to Gardner Russo & Quinn’s 13F stock portfolio
on a quarterly basis. It is based on Russo’s regulatory 13F Form filed on
11/13/2024. Please visit our Tracking
Gardner Russo & Quinn Portfolio series to get an idea of their
investment philosophy and our last
update for their moves during Q2 2024.
This quarter, Gardner Russo & Quinn’s 13F stock
portfolio value increased from $9.47B to $9.74B. The top three holdings are at
~41% of the portfolio while the top five are at ~55% of the assets: Berkshire
Hathaway, Alphabet, MasterCard, Compagnie Financière Richemont, and Nestle.
Recent 13F reports have shown around 100 positions with 19 stakes that are
significantly large. The focus of this article is on the larger positions.
Note: Russo’s portfolio on its own should not be viewed as
an overall asset allocation plan as his clients look at his firm to allocate a
portion of their assets to his focus area (global equities with consumer
orientation).
To learn about individual investing, check out the classics The Intelligent Investor and Security Analysis.
The spreadsheet below highlights changes to Gardner Russo
& Quinn’s 13F stock holdings in Q3 2024:
Source: John Vincent. Data constructed from Gardner Russo
& Quinn’s 13F filings for Q2 2024 and Q3 2024.
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