Historical Stock Holdings

Thomas Russo - Gardner Russo & Gardner

PeriodPortfolio ValueTop 20 holdings history (left to right)
2017   Q3$14.1 B NSRGY
Nestle
9.59% of portfolio
MA
Mastercard Inc.
9.49% of portfolio
BRK.A
Berkshire Hathaway CL A
9.36% of portfolio
PM
Philip Morris Intl.
8.00% of portfolio
CFRHF
Compagnie Financiere Richemont SA
7.68% of portfolio
HKHHF
Heineken Holding NV
7.31% of portfolio
UN
Unilever NV
6.29% of portfolio
PDRDF
Pernod Ricard
6.14% of portfolio
BUD
Anheuser-Busch InBev
6.03% of portfolio
WFC
Wells Fargo
4.96% of portfolio
BRK.B
Berkshire Hathaway CL B
3.27% of portfolio
UHR-D
Swatch Group AG-D
3.17% of portfolio
MLM
Martin Marietta
2.97% of portfolio
DEO
Diageo plc
2.56% of portfolio
MO
Altria Group Inc.
2.55% of portfolio
BTI
British American Tobacco plc
2.35% of portfolio
JCDXF
JC Decaux SA ACT
2.06% of portfolio
CMCSA
Comcast Corp.
1.95% of portfolio
BF.A
BROWN FORMAN Inc. A
1.75% of portfolio
BF.B
Brown-Forman Corp.
0.59% of portfolio
2017   Q2$13.5 B NSRGY
Nestle
10.38% of portfolio
BRK.A
Berkshire Hathaway CL A
9.09% of portfolio
PM
Philip Morris Intl.
8.83% of portfolio
MA
Mastercard Inc.
8.57% of portfolio
HKHHF
Heineken Holding NV
7.47% of portfolio
CFRHF
Compagnie Financiere Richemont SA
7.21% of portfolio
PDRDF
Pernod Ricard
6.19% of portfolio
UN
Unilever NV
6.17% of portfolio
BUD
Anheuser-Busch InBev
5.77% of portfolio
WFC
Wells Fargo
5.17% of portfolio
BRK.B
Berkshire Hathaway CL B
3.14% of portfolio
MO
Altria Group Inc.
2.94% of portfolio
MLM
Martin Marietta
2.90% of portfolio
UHR-D
Swatch Group AG-D
2.85% of portfolio
BTI
British American Tobacco plc
2.55% of portfolio
DEO
Diageo plc
2.41% of portfolio
CMCSA
Comcast Corp.
2.03% of portfolio
JCDXF
JC Decaux SA ACT
1.74% of portfolio
BF.A
BROWN FORMAN Inc. A
1.64% of portfolio
SNI
Scripps Networks Interactive Inc.
0.58% of portfolio
2017   Q1$12.9 B NSRGY
Nestle
9.54% of portfolio
BRK.A
Berkshire Hathaway CL A
9.44% of portfolio
PM
Philip Morris Intl.
9.01% of portfolio
MA
Mastercard Inc.
8.29% of portfolio
CFRHF
Compagnie Financiere Richemont SA
7.30% of portfolio
HKHHF
Heineken Holding NV
6.88% of portfolio
BUD
Anheuser-Busch InBev
5.98% of portfolio
UN
Unilever NV
5.88% of portfolio
WFC
Wells Fargo
5.88% of portfolio
PDRDF
Pernod Ricard
5.79% of portfolio
BRK.B
Berkshire Hathaway CL B
3.22% of portfolio
MLM
Martin Marietta
3.01% of portfolio
MO
Altria Group Inc.
2.97% of portfolio
UHR-D
Swatch Group AG-D
2.90% of portfolio
BTI
British American Tobacco plc
2.63% of portfolio
DEO
Diageo plc
2.49% of portfolio
CMCSA
Comcast Corp.
2.08% of portfolio
JCDXF
JC Decaux SA ACT
1.96% of portfolio
BF.A
BROWN FORMAN Inc. A
1.66% of portfolio
SNI
Scripps Networks Interactive Inc.
0.70% of portfolio
2016   Q4$11.8 B BRK.A
Berkshire Hathaway CL A
10.15% of portfolio
NSRGY
Nestle
9.70% of portfolio
MA
Mastercard Inc.
8.39% of portfolio
PM
Philip Morris Intl.
8.02% of portfolio
WFC
Wells Fargo
6.83% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.69% of portfolio
HKHHF
Heineken Holding NV
6.41% of portfolio
BUD
Anheuser-Busch InBev
6.22% of portfolio
PDRDF
Pernod Ricard
5.72% of portfolio
UN
Unilever NV
5.31% of portfolio
BRK.B
Berkshire Hathaway CL B
3.53% of portfolio
MLM
Martin Marietta
3.40% of portfolio
MO
Altria Group Inc.
3.15% of portfolio
UHR-D
Swatch Group AG-D
2.68% of portfolio
BTI
British American Tobacco plc
2.49% of portfolio
DEO
Diageo plc
2.47% of portfolio
CMCSA
Comcast Corp.
2.12% of portfolio
BF.A
BROWN FORMAN Inc. A
1.82% of portfolio
JCDXF
JC Decaux SA ACT
1.73% of portfolio
SNI
Scripps Networks Interactive Inc.
0.70% of portfolio
2016   Q3$12 B NSRGY
Nestle
10.42% of portfolio
BRK.A
Berkshire Hathaway CL A
8.97% of portfolio
PM
Philip Morris Intl.
8.34% of portfolio
MA
Mastercard Inc.
8.28% of portfolio
BUD
Anheuser-Busch InBev
7.29% of portfolio
HKHHF
Heineken Holding NV
7.21% of portfolio
PDRDF
Pernod Ricard
6.20% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.06% of portfolio
WFC
Wells Fargo
5.82% of portfolio
UN
Unilever NV
5.51% of portfolio
BRK.B
Berkshire Hathaway CL B
3.12% of portfolio
MO
Altria Group Inc.
3.10% of portfolio
MLM
Martin Marietta
3.08% of portfolio
DEO
Diageo plc
2.70% of portfolio
BTI
British American Tobacco plc
2.70% of portfolio
UHR-D
Swatch Group AG-D
2.31% of portfolio
CMCSA
Comcast Corp.
2.09% of portfolio
BF.A
BROWN FORMAN Inc. A
1.96% of portfolio
JCDXF
JC Decaux SA ACT
1.69% of portfolio
SNI
Scripps Networks Interactive Inc.
0.62% of portfolio
2016   Q2$11.9 B NSRGY
Nestle
10.26% of portfolio
BRK.A
Berkshire Hathaway CL A
9.08% of portfolio
PM
Philip Morris Intl.
8.94% of portfolio
HKHHF
Heineken Holding NV
7.36% of portfolio
BUD
Anheuser-Busch InBev
7.22% of portfolio
MA
Mastercard Inc.
7.18% of portfolio
WFC
Wells Fargo
6.02% of portfolio
PDRDF
Pernod Ricard
5.87% of portfolio
CFRHF
Compagnie Financiere Richemont SA
5.69% of portfolio
UN
Unilever NV
5.64% of portfolio
MO
Altria Group Inc.
3.42% of portfolio
MLM
Martin Marietta
3.35% of portfolio
BRK.B
Berkshire Hathaway CL B
3.13% of portfolio
BTI
British American Tobacco plc
2.76% of portfolio
DEO
Diageo plc
2.63% of portfolio
UHR-D
Swatch Group AG-D
2.35% of portfolio
BF.A
BROWN FORMAN Inc. A
2.18% of portfolio
CMCSA
Comcast Corp.
2.08% of portfolio
JCDXF
JC Decaux SA ACT
1.71% of portfolio
SNI
Scripps Networks Interactive Inc.
0.62% of portfolio
2016   Q1$11.8 B NSRGY
Nestle
10.06% of portfolio
BRK.A
Berkshire Hathaway CL A
9.04% of portfolio
PM
Philip Morris Intl.
8.71% of portfolio
MA
Mastercard Inc.
7.77% of portfolio
HKHHF
Heineken Holding NV
7.15% of portfolio
BUD
Anheuser-Busch InBev
6.87% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.38% of portfolio
WFC
Wells Fargo
6.00% of portfolio
PDRDF
Pernod Ricard
5.58% of portfolio
UN
Unilever NV
5.42% of portfolio
MO
Altria Group Inc.
3.15% of portfolio
BRK.B
Berkshire Hathaway CL B
3.11% of portfolio
MLM
Martin Marietta
2.84% of portfolio
DEO
Diageo plc
2.56% of portfolio
UHR-D
Swatch Group AG-D
2.54% of portfolio
BTI
British American Tobacco plc
2.54% of portfolio
BF.A
BROWN FORMAN Inc. A
2.20% of portfolio
JCDXF
JC Decaux SA ACT
2.06% of portfolio
CMCSA
Comcast Corp.
1.98% of portfolio
SBMRY
SABMiller Plc
0.94% of portfolio
2015   Q4$11.7 B NSRGY
Nestle
10.14% of portfolio
BRK.A
Berkshire Hathaway CL A
8.55% of portfolio
MA
Mastercard Inc.
8.07% of portfolio
PM
Philip Morris Intl.
7.94% of portfolio
HKHHF
Heineken Holding NV
7.17% of portfolio
BUD
Anheuser-Busch InBev
6.92% of portfolio
WFC
Wells Fargo
6.84% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.32% of portfolio
PDRDF
Pernod Ricard
5.63% of portfolio
UN
Unilever NV
5.32% of portfolio
MO
Altria Group Inc.
3.01% of portfolio
BRK.B
Berkshire Hathaway CL B
2.91% of portfolio
DEO
Diageo plc
2.62% of portfolio
SBMRY
SABMiller Plc
2.50% of portfolio
MLM
Martin Marietta
2.45% of portfolio
BTI
British American Tobacco plc
2.42% of portfolio
BF.A
BROWN FORMAN Inc. A
2.35% of portfolio
UHR-D
Swatch Group AG-D
2.22% of portfolio
CMCSA
Comcast Corp.
1.89% of portfolio
JCDXF
JC Decaux SA ACT
1.63% of portfolio
2015   Q3$11.1 B NSRGY
Nestle
10.71% of portfolio
BRK.A
Berkshire Hathaway CL A
8.88% of portfolio
MA
Mastercard Inc.
8.08% of portfolio
PM
Philip Morris Intl.
7.51% of portfolio
HKHHF
Heineken Holding NV
6.96% of portfolio
WFC
Wells Fargo
6.76% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.20% of portfolio
SBMRY
SABMiller Plc
6.17% of portfolio
UN
Unilever NV
5.15% of portfolio
PDRDF
Pernod Ricard
5.14% of portfolio
BUD
Anheuser-Busch InBev
4.98% of portfolio
MO
Altria Group Inc.
3.16% of portfolio
BRK.B
Berkshire Hathaway CL B
2.96% of portfolio
MLM
Martin Marietta
2.84% of portfolio
DEO
Diageo plc
2.71% of portfolio
BF.A
BROWN FORMAN Inc. A
2.51% of portfolio
BTI
British American Tobacco plc
2.48% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.10% of portfolio
JCDXF
JC Decaux SA ACT
1.26% of portfolio
SNI
Scripps Networks Interactive Inc.
0.55% of portfolio
2015   Q2$11.4 B NSRGY
Nestle
10.08% of portfolio
BRK.A
Berkshire Hathaway CL A
9.18% of portfolio
MA
Mastercard Inc.
8.24% of portfolio
PM
Philip Morris Intl.
7.35% of portfolio
WFC
Wells Fargo
7.25% of portfolio
HKHHF
Heineken Holding NV
6.72% of portfolio
CFRHF
Compagnie Financiere Richemont SA
5.99% of portfolio
PDRDF
Pernod Ricard
5.65% of portfolio
BUD
Anheuser-Busch InBev
5.54% of portfolio
SBMRY
SABMiller Plc
5.54% of portfolio
UN
Unilever NV
5.28% of portfolio
BRK.B
Berkshire Hathaway CL B
2.96% of portfolio
DEO
Diageo plc
2.83% of portfolio
MO
Altria Group Inc.
2.79% of portfolio
BF.A
BROWN FORMAN Inc. A
2.66% of portfolio
MLM
Martin Marietta
2.61% of portfolio
BTI
British American Tobacco plc
2.36% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.19% of portfolio
JCDXF
JC Decaux SA ACT
1.05% of portfolio
SNI
Scripps Networks Interactive Inc.
0.73% of portfolio
2015   Q1$11.1 B NSRGY
Nestle
10.65% of portfolio
BRK.A
Berkshire Hathaway CL A
9.91% of portfolio
MA
Mastercard Inc.
7.79% of portfolio
WFC
Wells Fargo
7.18% of portfolio
PM
Philip Morris Intl.
6.84% of portfolio
HKHHF
Heineken Holding NV
6.72% of portfolio
CFRHF
Compagnie Financiere Richemont SA
5.90% of portfolio
PDRDF
Pernod Ricard
5.82% of portfolio
BUD
Anheuser-Busch InBev
5.71% of portfolio
SBMRY
SABMiller Plc
5.62% of portfolio
UN
Unilever NV
5.34% of portfolio
BRK.B
Berkshire Hathaway CL B
3.21% of portfolio
MO
Altria Group Inc.
2.95% of portfolio
DEO
Diageo plc
2.72% of portfolio
MLM
Martin Marietta
2.61% of portfolio
BTI
British American Tobacco plc
2.33% of portfolio
BF.A
BROWN FORMAN Inc. A
2.29% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.25% of portfolio
SNI
Scripps Networks Interactive Inc.
0.79% of portfolio
JCDXF
JC Decaux SA ACT
0.71% of portfolio
2014   Q4$11 B BRK.A
Berkshire Hathaway CL A
10.42% of portfolio
NSRGY
Nestle
10.33% of portfolio
MA
Mastercard Inc.
7.84% of portfolio
PM
Philip Morris Intl.
7.33% of portfolio
WFC
Wells Fargo
7.30% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.48% of portfolio
HKHHF
Heineken Holding NV
6.15% of portfolio
SBMRY
SABMiller Plc
5.59% of portfolio
PDRDF
Pernod Ricard
5.39% of portfolio
BUD
Anheuser-Busch InBev
5.29% of portfolio
UN
Unilever NV
5.00% of portfolio
BRK.B
Berkshire Hathaway CL B
3.35% of portfolio
MO
Altria Group Inc.
3.12% of portfolio
DEO
Diageo plc
2.72% of portfolio
BTI
British American Tobacco plc
2.45% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.44% of portfolio
BF.A
BROWN FORMAN Inc. A
2.25% of portfolio
MLM
Martin Marietta
2.06% of portfolio
SNI
Scripps Networks Interactive Inc.
0.86% of portfolio
GHC
Graham Holdings Co.
0.47% of portfolio
2014   Q3$10.6 B NSRGY
Nestle
10.41% of portfolio
BRK.A
Berkshire Hathaway CL A
9.91% of portfolio
PM
Philip Morris Intl.
8.06% of portfolio
WFC
Wells Fargo
7.15% of portfolio
MA
Mastercard Inc.
6.93% of portfolio
HKHHF
Heineken Holding NV
6.56% of portfolio
SBMRY
SABMiller Plc
6.07% of portfolio
CFRHF
Compagnie Financiere Richemont SA
5.60% of portfolio
PDRDF
Pernod Ricard
5.54% of portfolio
BUD
Anheuser-Busch InBev
5.34% of portfolio
UN
Unilever NV
4.98% of portfolio
BRK.B
Berkshire Hathaway CL B
3.20% of portfolio
MO
Altria Group Inc.
3.08% of portfolio
DEO
Diageo plc
2.82% of portfolio
BTI
British American Tobacco plc
2.58% of portfolio
MLM
Martin Marietta
2.40% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.38% of portfolio
BF.A
BROWN FORMAN Inc. A
2.38% of portfolio
SNI
Scripps Networks Interactive Inc.
0.94% of portfolio
JCDXF
JC Decaux SA ACT
0.44% of portfolio
2014   Q2$10.8 B NSRGY
Nestle
10.55% of portfolio
BRK.A
Berkshire Hathaway CL A
8.91% of portfolio
PM
Philip Morris Intl.
7.97% of portfolio
WFC
Wells Fargo
7.12% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.82% of portfolio
MA
Mastercard Inc.
6.72% of portfolio
HKHHF
Heineken Holding NV
6.30% of portfolio
SBMRY
SABMiller Plc
6.17% of portfolio
PDRDF
Pernod Ricard
5.50% of portfolio
BUD
Anheuser-Busch InBev
5.37% of portfolio
UN
Unilever NV
5.24% of portfolio
DEO
Diageo plc
3.00% of portfolio
BRK.B
Berkshire Hathaway CL B
2.85% of portfolio
MO
Altria Group Inc.
2.77% of portfolio
BTI
British American Tobacco plc
2.64% of portfolio
BF.A
BROWN FORMAN Inc. A
2.43% of portfolio
MLM
Martin Marietta
2.41% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.33% of portfolio
SNI
Scripps Networks Interactive Inc.
0.96% of portfolio
JCDXF
JC Decaux SA ACT
0.50% of portfolio
2014   Q1$10.3 B NSRGY
Nestle
10.65% of portfolio
BRK.A
Berkshire Hathaway CL A
9.26% of portfolio
PM
Philip Morris Intl.
8.07% of portfolio
MA
Mastercard Inc.
7.10% of portfolio
WFC
Wells Fargo
7.07% of portfolio
HKHHF
Heineken Holding NV
6.50% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.49% of portfolio
SBMRY
SABMiller Plc
5.57% of portfolio
PDRDF
Pernod Ricard
5.54% of portfolio
BUD
Anheuser-Busch InBev
5.13% of portfolio
UN
Unilever NV
5.05% of portfolio
DEO
Diageo plc
3.00% of portfolio
BRK.B
Berkshire Hathaway CL B
2.91% of portfolio
BTI
British American Tobacco plc
2.61% of portfolio
MO
Altria Group Inc.
2.59% of portfolio
BF.A
BROWN FORMAN Inc. A
2.47% of portfolio
MLM
Martin Marietta
2.47% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.25% of portfolio
SNI
Scripps Networks Interactive Inc.
1.01% of portfolio
JCDXF
JC Decaux SA ACT
0.62% of portfolio
2013   Q4$10.1 B NSRGY
Nestle
10.58% of portfolio
BRK.A
Berkshire Hathaway CL A
8.94% of portfolio
PM
Philip Morris Intl.
8.60% of portfolio
MA
Mastercard Inc.
8.19% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.85% of portfolio
WFC
Wells Fargo
6.53% of portfolio
HKHHF
Heineken Holding NV
6.38% of portfolio
SBMRY
SABMiller Plc
5.62% of portfolio
PDRDF
Pernod Ricard
5.34% of portfolio
BUD
Anheuser-Busch InBev
5.22% of portfolio
UN
Unilever NV
4.71% of portfolio
DEO
Diageo plc
3.19% of portfolio
BRK.B
Berkshire Hathaway CL B
2.72% of portfolio
MO
Altria Group Inc.
2.69% of portfolio
BTI
British American Tobacco plc
2.53% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.35% of portfolio
BF.A
BROWN FORMAN Inc. A
2.09% of portfolio
MLM
Martin Marietta
1.91% of portfolio
SNI
Scripps Networks Interactive Inc.
1.20% of portfolio
JCDXF
JC Decaux SA ACT
0.60% of portfolio
2013   Q3$9.42 B NSRGY
Nestle
10.49% of portfolio
BRK.A
Berkshire Hathaway CL A
8.96% of portfolio
PM
Philip Morris Intl.
8.84% of portfolio
CFRHF
Compagnie Financiere Richemont SA
7.24% of portfolio
MA
Mastercard Inc.
7.16% of portfolio
HKHHF
Heineken Holding NV
6.70% of portfolio
WFC
Wells Fargo
6.10% of portfolio
PDRDF
Pernod Ricard
5.84% of portfolio
SBMRY
SABMiller Plc
5.77% of portfolio
BUD
Anheuser-Busch InBev
5.11% of portfolio
UN
Unilever NV
4.28% of portfolio
DEO
Diageo plc
3.23% of portfolio
MO
Altria Group Inc.
2.81% of portfolio
BTI
British American Tobacco plc
2.80% of portfolio
BRK.B
Berkshire Hathaway CL B
2.73% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.19% of portfolio
BF.A
BROWN FORMAN Inc. A
1.98% of portfolio
MLM
Martin Marietta
1.86% of portfolio
SNI
Scripps Networks Interactive Inc.
1.16% of portfolio
JCDXF
JC Decaux SA ACT
0.58% of portfolio
2013   Q2$8.57 B NSRGY
Nestle
10.11% of portfolio
BRK.A
Berkshire Hathaway CL A
9.62% of portfolio
PM
Philip Morris Intl.
9.29% of portfolio
CFRHF
Compagnie Financiere Richemont SA
7.00% of portfolio
MA
Mastercard Inc.
6.57% of portfolio
WFC
Wells Fargo
6.52% of portfolio
HKHHF
Heineken Holding NV
6.36% of portfolio
SBMRY
SABMiller Plc
5.64% of portfolio
PDRDF
Pernod Ricard
5.36% of portfolio
BUD
Anheuser-Busch InBev
4.83% of portfolio
UN
Unilever NV
4.63% of portfolio
MO
Altria Group Inc.
3.08% of portfolio
DEO
Diageo plc
3.04% of portfolio
BRK.B
Berkshire Hathaway CL B
2.92% of portfolio
BTI
British American Tobacco plc
2.82% of portfolio
BF.A
BROWN FORMAN Inc. A
2.23% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.17% of portfolio
MLM
Martin Marietta
2.00% of portfolio
SNI
Scripps Networks Interactive Inc.
1.09% of portfolio
GHC
Graham Holdings Co.
0.49% of portfolio
2013   Q1$8.54 B NSRGY
Nestle
10.81% of portfolio
PM
Philip Morris Intl.
9.58% of portfolio
BRK.A
Berkshire Hathaway CL A
8.84% of portfolio
HKHHF
Heineken Holding NV
7.18% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.75% of portfolio
SBMRY
SABMiller Plc
6.09% of portfolio
MA
Mastercard Inc.
5.98% of portfolio
PDRDF
Pernod Ricard
5.77% of portfolio
WFC
Wells Fargo
5.49% of portfolio
BUD
Anheuser-Busch InBev
5.04% of portfolio
UN
Unilever NV
4.30% of portfolio
DEO
Diageo plc
3.27% of portfolio
MO
Altria Group Inc.
2.96% of portfolio
BTI
British American Tobacco plc
2.91% of portfolio
BRK.B
Berkshire Hathaway CL B
2.67% of portfolio
BF.A
BROWN FORMAN Inc. A
2.42% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.13% of portfolio
MLM
Martin Marietta
2.04% of portfolio
SNI
Scripps Networks Interactive Inc.
1.06% of portfolio
GHC
Graham Holdings Co.
0.57% of portfolio
2012   Q4$7.27 B NSRGY
Nestle
10.68% of portfolio
PM
Philip Morris Intl.
9.20% of portfolio
BRK.A
Berkshire Hathaway CL A
8.51% of portfolio
CFRHF
Compagnie Financiere Richemont SA
7.51% of portfolio
HKHHF
Heineken Holding NV
6.93% of portfolio
MA
Mastercard Inc.
6.02% of portfolio
SBMRY
SABMiller Plc
5.91% of portfolio
PDRDF
Pernod Ricard
5.89% of portfolio
WFC
Wells Fargo
5.48% of portfolio
BUD
Anheuser-Busch InBev
4.80% of portfolio
UN
Unilever NV
4.36% of portfolio
DEO
Diageo plc
3.41% of portfolio
BTI
British American Tobacco plc
3.08% of portfolio
MO
Altria Group Inc.
3.02% of portfolio
BRK.B
Berkshire Hathaway CL B
2.57% of portfolio
BF.A
BROWN FORMAN Inc. A
2.35% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.24% of portfolio
MLM
Martin Marietta
2.16% of portfolio
SNI
Scripps Networks Interactive Inc.
1.12% of portfolio
GHC
Graham Holdings Co.
0.58% of portfolio
2012   Q3$6.85 B NSRGY
Nestle
10.77% of portfolio
PM
Philip Morris Intl.
10.17% of portfolio
BRK.A
Berkshire Hathaway CL A
8.72% of portfolio
HKHHF
Heineken Holding NV
6.50% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.15% of portfolio
PDRDF
Pernod Ricard
5.97% of portfolio
SBMRY
SABMiller Plc
5.82% of portfolio
MA
Mastercard Inc.
5.76% of portfolio
WFC
Wells Fargo
5.40% of portfolio
BUD
Anheuser-Busch InBev
4.82% of portfolio
UN
Unilever NV
4.17% of portfolio
DEO
Diageo plc
3.47% of portfolio
MO
Altria Group Inc.
3.35% of portfolio
BTI
British American Tobacco plc
3.18% of portfolio
BRK.B
Berkshire Hathaway CL B
2.59% of portfolio
BF.A
BROWN FORMAN Inc. A
2.51% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.32% of portfolio
MLM
Martin Marietta
2.00% of portfolio
SNI
Scripps Networks Interactive Inc.
1.28% of portfolio
GHC
Graham Holdings Co.
0.63% of portfolio
2012   Q2$6.41 B PM
Philip Morris Intl.
11.09% of portfolio
NSRGY
Nestle
10.27% of portfolio
BRK.A
Berkshire Hathaway CL A
8.53% of portfolio
HKHHF
Heineken Holding NV
6.17% of portfolio
PDRDF
Pernod Ricard
5.93% of portfolio
CFRHF
Compagnie Financiere Richemont SA
5.68% of portfolio
SBMRY
SABMiller Plc
5.61% of portfolio
MA
Mastercard Inc.
5.57% of portfolio
WFC
Wells Fargo
5.24% of portfolio
BUD
Anheuser-Busch InBev
4.60% of portfolio
UN
Unilever NV
4.02% of portfolio
MO
Altria Group Inc.
3.97% of portfolio
BTI
British American Tobacco plc
3.53% of portfolio
DEO
Diageo plc
3.39% of portfolio
BF.A
BROWN FORMAN Inc. A
2.72% of portfolio
BRK.B
Berkshire Hathaway CL B
2.45% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.29% of portfolio
MLM
Martin Marietta
2.01% of portfolio
SNI
Scripps Networks Interactive Inc.
1.29% of portfolio
GHC
Graham Holdings Co.
0.71% of portfolio
2012   Q1$6.18 B PM
Philip Morris Intl.
11.52% of portfolio
NSRGY
Nestle
10.74% of portfolio
BRK.A
Berkshire Hathaway CL A
8.22% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.34% of portfolio
HKHHF
Heineken Holding NV
6.09% of portfolio
PDRDF
Pernod Ricard
5.64% of portfolio
SBMRY
SABMiller Plc
5.61% of portfolio
MA
Mastercard Inc.
5.52% of portfolio
WFC
Wells Fargo
5.31% of portfolio
BUD
Anheuser-Busch InBev
4.16% of portfolio
UN
Unilever NV
3.94% of portfolio
MO
Altria Group Inc.
3.61% of portfolio
BTI
British American Tobacco plc
3.53% of portfolio
DEO
Diageo plc
3.23% of portfolio
BF.A
BROWN FORMAN Inc. A
2.37% of portfolio
BRK.B
Berkshire Hathaway CL B
2.26% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.26% of portfolio
MLM
Martin Marietta
2.20% of portfolio
SNI
Scripps Networks Interactive Inc.
1.18% of portfolio
GHC
Graham Holdings Co.
0.76% of portfolio
2011   Q4$5.42 B PM
Philip Morris Intl.
11.93% of portfolio
NSRGY
Nestle
10.85% of portfolio
BRK.A
Berkshire Hathaway CL A
8.35% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.03% of portfolio
HKHHF
Heineken Holding NV
5.87% of portfolio
PDRDF
Pernod Ricard
5.54% of portfolio
SBMRY
SABMiller Plc
5.53% of portfolio
MA
Mastercard Inc.
5.31% of portfolio
WFC
Wells Fargo
4.68% of portfolio
UN
Unilever NV
4.29% of portfolio
MO
Altria Group Inc.
3.93% of portfolio
BTI
British American Tobacco plc
3.73% of portfolio
BUD
Anheuser-Busch InBev
3.67% of portfolio
DEO
Diageo plc
3.33% of portfolio
BF.A
BROWN FORMAN Inc. A
2.58% of portfolio
BRK.B
Berkshire Hathaway CL B
2.33% of portfolio
MLM
Martin Marietta
2.20% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
2.14% of portfolio
SNI
Scripps Networks Interactive Inc.
1.24% of portfolio
GHC
Graham Holdings Co.
0.87% of portfolio
2011   Q3$4.75 B NSRGY
Nestle
11.58% of portfolio
PM
Philip Morris Intl.
10.78% of portfolio
BRK.A
Berkshire Hathaway CL A
8.62% of portfolio
HKHHF
Heineken Holding NV
5.95% of portfolio
CFRHF
Compagnie Financiere Richemont SA
5.89% of portfolio
SBMRY
SABMiller Plc
5.72% of portfolio
MA
Mastercard Inc.
5.04% of portfolio
PDRDF
Pernod Ricard
5.00% of portfolio
UN
Unilever NV
4.40% of portfolio
WFC
Wells Fargo
4.40% of portfolio
MO
Altria Group Inc.
4.01% of portfolio
BTI
British American Tobacco plc
3.74% of portfolio
BUD
Anheuser-Busch InBev
3.41% of portfolio
DEO
Diageo plc
3.34% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
3.01% of portfolio
BF.A
BROWN FORMAN Inc. A
2.47% of portfolio
BRK.B
Berkshire Hathaway CL B
2.28% of portfolio
MLM
Martin Marietta
2.09% of portfolio
SNI
Scripps Networks Interactive Inc.
1.27% of portfolio
GHC
Graham Holdings Co.
0.86% of portfolio
2011   Q2$5.29 B NSRGY
Nestle
11.66% of portfolio
PM
Philip Morris Intl.
10.25% of portfolio
BRK.A
Berkshire Hathaway CL A
8.15% of portfolio
CFRHF
Compagnie Financiere Richemont SA
7.35% of portfolio
HKHHF
Heineken Holding NV
6.78% of portfolio
SBMRY
SABMiller Plc
5.56% of portfolio
PDRDF
Pernod Ricard
5.27% of portfolio
WFC
Wells Fargo
4.28% of portfolio
MA
Mastercard Inc.
4.24% of portfolio
UN
Unilever NV
4.03% of portfolio
MO
Altria Group Inc.
3.53% of portfolio
BTI
British American Tobacco plc
3.40% of portfolio
DEO
Diageo plc
3.20% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
3.16% of portfolio
BUD
Anheuser-Busch InBev
3.14% of portfolio
MLM
Martin Marietta
2.34% of portfolio
BF.A
BROWN FORMAN Inc. A
2.31% of portfolio
BRK.B
Berkshire Hathaway CL B
2.18% of portfolio
SNI
Scripps Networks Interactive Inc.
1.50% of portfolio
GHC
Graham Holdings Co.
0.99% of portfolio
2011   Q1$4.99 B NSRGY
Nestle
11.27% of portfolio
PM
Philip Morris Intl.
10.52% of portfolio
BRK.A
Berkshire Hathaway CL A
8.94% of portfolio
CFRHF
Compagnie Financiere Richemont SA
6.85% of portfolio
HKHHF
Heineken Holding NV
6.63% of portfolio
SBMRY
SABMiller Plc
5.52% of portfolio
PDRDF
Pernod Ricard
5.04% of portfolio
WFC
Wells Fargo
4.36% of portfolio
UN
Unilever NV
3.89% of portfolio
MO
Altria Group Inc.
3.62% of portfolio
MA
Mastercard Inc.
3.48% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
3.31% of portfolio
BTI
British American Tobacco plc
3.25% of portfolio
DEO
Diageo plc
3.12% of portfolio
BUD
Anheuser-Busch InBev
2.96% of portfolio
MLM
Martin Marietta
2.76% of portfolio
BRK.B
Berkshire Hathaway CL B
2.43% of portfolio
BF.A
BROWN FORMAN Inc. A
2.23% of portfolio
SNI
Scripps Networks Interactive Inc.
1.74% of portfolio
GHC
Graham Holdings Co.
1.15% of portfolio
2010   Q4$2.63 B PM
Philip Morris Intl.
17.32% of portfolio
BRK.A
Berkshire Hathaway CL A
15.91% of portfolio
WFC
Wells Fargo
7.80% of portfolio
UN
Unilever NV
7.07% of portfolio
MO
Altria Group Inc.
6.32% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
5.82% of portfolio
MLM
Martin Marietta
5.28% of portfolio
MA
Mastercard Inc.
5.10% of portfolio
BUD
Anheuser-Busch InBev
4.76% of portfolio
BRK.B
Berkshire Hathaway CL B
4.28% of portfolio
BF.A
BROWN FORMAN Inc. A
4.15% of portfolio
SNI
Scripps Networks Interactive Inc.
3.29% of portfolio
GHC
Graham Holdings Co.
2.26% of portfolio
HAS
Hasbro Inc.
1.69% of portfolio
DEO
Diageo plc
1.33% of portfolio
ABT
Abbott Labs
0.79% of portfolio
MLHR
Miller (Herman)
0.57% of portfolio
XOM
Exxon Mobil Corp.
0.54% of portfolio
PG
Procter & Gamble
0.48% of portfolio
MKL
Markel Corp.
0.42% of portfolio
2010   Q3$2.38 B BRK.A
Berkshire Hathaway CL A
17.75% of portfolio
PM
Philip Morris Intl.
17.71% of portfolio
UN
Unilever NV
6.68% of portfolio
MO
Altria Group Inc.
6.63% of portfolio
WFC
Wells Fargo
6.54% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
5.44% of portfolio
MA
Mastercard Inc.
4.77% of portfolio
BRK.B
Berkshire Hathaway CL B
4.74% of portfolio
MLM
Martin Marietta
4.70% of portfolio
BF.A
BROWN FORMAN Inc. A
3.93% of portfolio
SNI
Scripps Networks Interactive Inc.
3.64% of portfolio
BUD
Anheuser-Busch InBev
3.55% of portfolio
GHC
Graham Holdings Co.
2.26% of portfolio
HAS
Hasbro Inc.
1.80% of portfolio
DEO
Diageo plc
1.38% of portfolio
ABT
Abbott Labs
0.94% of portfolio
MLHR
Miller (Herman)
0.56% of portfolio
HRL
Hormel Foods Corp.
0.52% of portfolio
PG
Procter & Gamble
0.52% of portfolio
XOM
Exxon Mobil Corp.
0.51% of portfolio
2010   Q2$2.12 B BRK.A
Berkshire Hathaway CL A
18.99% of portfolio
PM
Philip Morris Intl.
16.02% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
6.59% of portfolio
WFC
Wells Fargo
6.57% of portfolio
UN
Unilever NV
6.51% of portfolio
MO
Altria Group Inc.
6.12% of portfolio
MLM
Martin Marietta
6.02% of portfolio
BRK.B
Berkshire Hathaway CL B
5.08% of portfolio
SNI
Scripps Networks Interactive Inc.
4.13% of portfolio
BF.A
BROWN FORMAN Inc. A
4.11% of portfolio
GHC
Graham Holdings Co.
3.10% of portfolio
MA
Mastercard Inc.
3.04% of portfolio
HAS
Hasbro Inc.
1.98% of portfolio
DEO
Diageo plc
1.42% of portfolio
BUD
Anheuser-Busch InBev
1.41% of portfolio
ABT
Abbott Labs
0.95% of portfolio
MLHR
Miller (Herman)
0.65% of portfolio
PG
Procter & Gamble
0.63% of portfolio
MKL
Markel Corp.
0.60% of portfolio
HRL
Hormel Foods Corp.
0.55% of portfolio
2010   Q1$2.26 B BRK.A
Berkshire Hathaway CL A
18.04% of portfolio
PM
Philip Morris Intl.
16.43% of portfolio
WFC
Wells Fargo
8.18% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
7.72% of portfolio
MO
Altria Group Inc.
6.31% of portfolio
MLM
Martin Marietta
6.25% of portfolio
UN
Unilever NV
6.08% of portfolio
SNI
Scripps Networks Interactive Inc.
4.95% of portfolio
BRK.B
Berkshire Hathaway CL B
4.85% of portfolio
BF.A
BROWN FORMAN Inc. A
4.17% of portfolio
GHC
Graham Holdings Co.
3.65% of portfolio
HAS
Hasbro Inc.
1.76% of portfolio
DEO
Diageo plc
1.43% of portfolio
MA
Mastercard Inc.
1.14% of portfolio
ABT
Abbott Labs
1.00% of portfolio
PG
Procter & Gamble
0.73% of portfolio
MKL
Markel Corp.
0.63% of portfolio
MLHR
Miller (Herman)
0.60% of portfolio
HRL
Hormel Foods Corp.
0.59% of portfolio
XOM
Exxon Mobil Corp.
0.58% of portfolio
2009   Q4$1.97 B BRK.A
Berkshire Hathaway CL A
16.61% of portfolio
PM
Philip Morris Intl.
15.58% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
7.91% of portfolio
MLM
Martin Marietta
7.65% of portfolio
WFC
Wells Fargo
7.49% of portfolio
MO
Altria Group Inc.
6.54% of portfolio
UN
Unilever NV
6.08% of portfolio
SNI
Scripps Networks Interactive Inc.
5.33% of portfolio
BRK.B
Berkshire Hathaway CL B
4.34% of portfolio
BF.A
BROWN FORMAN Inc. A
4.19% of portfolio
GHC
Graham Holdings Co.
4.12% of portfolio
HAS
Hasbro Inc.
1.70% of portfolio
DEO
Diageo plc
1.68% of portfolio
MA
Mastercard Inc.
1.14% of portfolio
ABT
Abbott Labs
0.99% of portfolio
PG
Procter & Gamble
0.83% of portfolio
MKL
Markel Corp.
0.69% of portfolio
XOM
Exxon Mobil Corp.
0.66% of portfolio
HRL
Hormel Foods Corp.
0.64% of portfolio
MLHR
Miller (Herman)
0.62% of portfolio
2009   Q3$1.93 B BRK.A
Berkshire Hathaway CL A
16.54% of portfolio
PM
Philip Morris Intl.
15.51% of portfolio
WFC
Wells Fargo
9.01% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
8.22% of portfolio
MLM
Martin Marietta
8.07% of portfolio
MO
Altria Group Inc.
5.90% of portfolio
UN
Unilever NV
5.10% of portfolio
SNI
Scripps Networks Interactive Inc.
4.87% of portfolio
GHC
Graham Holdings Co.
4.54% of portfolio
BRK.B
Berkshire Hathaway CL B
4.46% of portfolio
BF.A
BROWN FORMAN Inc. A
3.85% of portfolio
HAS
Hasbro Inc.
1.51% of portfolio
DEO
Diageo plc
1.46% of portfolio
ABT
Abbott Labs
1.45% of portfolio
MA
Mastercard Inc.
0.85% of portfolio
PG
Procter & Gamble
0.81% of portfolio
MKL
Markel Corp.
0.72% of portfolio
MLHR
Miller (Herman)
0.70% of portfolio
HRL
Hormel Foods Corp.
0.61% of portfolio
XOM
Exxon Mobil Corp.
0.59% of portfolio
2009   Q2$1.72 B BRK.A
Berkshire Hathaway CL A
17.38% of portfolio
PM
Philip Morris Intl.
16.09% of portfolio
WFC
Wells Fargo
8.92% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
8.28% of portfolio
MLM
Martin Marietta
7.97% of portfolio
MO
Altria Group Inc.
6.70% of portfolio
UN
Unilever NV
4.89% of portfolio
SNI
Scripps Networks Interactive Inc.
4.18% of portfolio
BRK.B
Berkshire Hathaway CL B
4.08% of portfolio
BF.A
BROWN FORMAN Inc. A
3.94% of portfolio
GHC
Graham Holdings Co.
3.57% of portfolio
HAS
Hasbro Inc.
1.51% of portfolio
DEO
Diageo plc
1.50% of portfolio
ABT
Abbott Labs
1.26% of portfolio
MKL
Markel Corp.
0.84% of portfolio
XOM
Exxon Mobil Corp.
0.79% of portfolio
PG
Procter & Gamble
0.76% of portfolio
MA
Mastercard Inc.
0.74% of portfolio
HRL
Hormel Foods Corp.
0.73% of portfolio
MLHR
Miller (Herman)
0.73% of portfolio
2009   Q1$1.49 B BRK.A
Berkshire Hathaway CL A
19.14% of portfolio
PM
Philip Morris Intl.
14.36% of portfolio
MLM
Martin Marietta
9.21% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
8.60% of portfolio
MO
Altria Group Inc.
7.43% of portfolio
WFC
Wells Fargo
6.03% of portfolio
BRK.B
Berkshire Hathaway CL B
4.52% of portfolio
UN
Unilever NV
4.30% of portfolio
GHC
Graham Holdings Co.
4.22% of portfolio
SNI
Scripps Networks Interactive Inc.
4.04% of portfolio
BF.A
BROWN FORMAN Inc. A
3.95% of portfolio
HAS
Hasbro Inc.
1.88% of portfolio
DEO
Diageo plc
1.36% of portfolio
XOM
Exxon Mobil Corp.
1.15% of portfolio
MKL
Markel Corp.
1.10% of portfolio
ABT
Abbott Labs
0.91% of portfolio
HRL
Hormel Foods Corp.
0.79% of portfolio
MA
Mastercard Inc.
0.60% of portfolio
MLHR
Miller (Herman)
0.59% of portfolio
BF.B
Brown-Forman Corp.
0.52% of portfolio
2008   Q4$1.84 B BRK.A
Berkshire Hathaway CL A
17.26% of portfolio
PM
Philip Morris Intl.
14.24% of portfolio
MLM
Martin Marietta
9.48% of portfolio
WFC
Wells Fargo
9.41% of portfolio
CMCSK-OLD
Comcast Corp. CL A Spl
8.72% of portfolio
MO
Altria Group Inc.
5.78% of portfolio
UN
Unilever NV
4.46% of portfolio
BRK.B
Berkshire Hathaway CL B
4.12% of portfolio
BF.A
BROWN FORMAN Inc. A
4.09% of portfolio
GHC
Graham Holdings Co.
3.96% of portfolio
SNI
Scripps Networks Interactive Inc.
3.36% of portfolio
HAS
Hasbro Inc.
1.85% of portfolio
BF.B
Brown-Forman Corp.
1.67% of portfolio
DEO
Diageo plc
1.42% of portfolio
XOM
Exxon Mobil Corp.
1.09% of portfolio
ABT
Abbott Labs
1.07% of portfolio
MKL
Markel Corp.
0.99% of portfolio
HRL
Hormel Foods Corp.
0.65% of portfolio
MLHR
Miller (Herman)
0.61% of portfolio
MA
Mastercard Inc.
0.41% of portfolio