Gardner Russo & Quinn LLC Thomas Russo

Lancaster, PA 20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

$8.9B
85 holdings
2026 Q2
+5.1% QoQ
Top 5 50.8%

Portfolio

2026 Q2, filed 8/13/2026, top 12 of 85 holdings

Top 5 50.8%, top 10 80.0%

AUM over time

2026 Q2 $8.9B +5.1% QoQ

Q3 2021

Q1 2022

Q1 2023

Q1 2024

Q1 2025

Q1 2026

Book

2021 Q4 2021 Q3, filed 10 Feb, long equity only

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BRK.A, Berkshire Hathaway Class A	11.96%	Reduce −2.2%	2,976	$450,662	$1.3B	−68	+$89M
NSRGY, Nestle SA-Spons	11.58%	Reduce −2.7%	9,250,167	$140.37	$1.3B	−260,805	+$155M
MA, Mastercard	9.80%, was 10.11%	Reduce −3.1%	3,058,213	$359.32	$1.1B	−97,659	+$1.6M
GOOG, Alphabet Class C	9.37%, was 9.43%	Reduce −5.4%	362,996	$2,894	$1.1B	−20,670	+$28M
CFRUY, Richemont	8.17%	Reduce −2.4%	6,091,713	$150.30	$916M	−147,958	+$264M
PRNDY, Pernod Ricard	6.72%	Reduce −5.0%	3,130,439	$240.52	$753M	−166,371	+$24M
HKHHY, Heineken	6.37%, was 5.88%	Add +5.7%	7,739,293	$92.28	$714M	+418,877	+$76M
PM, Philip Morris International	6.14%, was 6.56%	Reduce −3.6%	7,241,512	$95.00	$688M	−272,136	−$24M
BRK.B, Berkshire Hathaway Class B	4.87%	Reduce −3.9%	1,826,210	$299.00	$546M	−73,766	+$27M
MLM, Martin Marietta Materials	4.59%	Reduce −2.0%	1,168,678	$440.52	$515M	−23,619	+$107M
UL, Unilever	4.08%, was 4.71%	Reduce −9.7%	8,501,212	$53.79	$457M	−913,556	−$53M
JPM, JPMorgan Chase	3.31%, was 3.80%	Reduce −6.8%	2,344,257	$158.35	$371M	−171,152	−$41M
CMCSA, Comcast	2.26%, was 2.68%	Reduce −3.0%	5,031,770	$50.33	$253M	−157,844	−$37M
Ashtead Group	1.76%	Reduce −1.2%	2,454,697	$80.48	$198M	−31,049	+$8.3M
BF.A, Brown-Forman Class A	1.69%	Reduce −2.4%	2,798,664	$67.79	$190M	−70,137	+$9.9M
BABA, Alibaba	1.66%, was 2.18%	Reduce −2.0%	1,562,502	$118.79	$186M	−32,574	−$51M
CABO, Cable One	1.43%	Add +3.5%	90,821	$1,763	$160M	+3,090	+$1.1M
V, Visa	0.74%, was 0.83%	Reduce −5.1%	382,157	$216.71	$83M	−20,613	−$6.9M
BF.B, Brown-Forman Class B	0.71%	Reduce −3.6%	1,092,274	$72.86	$80M	−40,236	+$3.7M
BUD, Anheuser-Busch InBev	0.45%, was 2.68%	Reduce −83.6%	838,781	$60.47	$51M	−4,269,577	−$240M
WFC, Wells Fargo	0.45%, was 0.46%	Reduce −2.4%	1,047,346	$47.98	$50M	−26,171	+$430K
MO, Altria	0.14%	Add +0.5%	331,175	$47.39	$16M	+1,563	+$690K
VMC, Vulcan Materials	0.12%	Reduce −2.5%	66,952	$207.58	$14M	−1,700	+$2.3M
Davide Campari-Milano	0.11%	Reduce −0.1%	878,836	$14.62	$13M	−600	+$433K
XOM, Exxon Mobil	0.10%	Add +0.6%	179,067	$61.19	$11M	+1,080	+$488K
MTCH, Swedish Match AB	0.10%, was 0.11%	Reduce −0.4%	1,347,281	$7.95	$11M	−4,989	−$1.1M
MKL, Markel Group	0.07%	Reduce −1.1%	6,527	$1,234	$8.1M	−75	+$164K
Crane	0.07%	Reduce −3.5%	75,056	$101.72	$7.6M	−2,700	+$263K
Outfront Media	0.07%	Reduce −4.4%	284,313	$26.82	$7.6M	−12,974	+$133K
HRL, Hormel Foods	0.06%	Reduce −1.3%	138,991	$48.81	$6.8M	−1,790	+$1M
AXP, American Express	0.06%, was 0.07%	Reduce −3.7%	41,077	$163.60	$6.7M	−1,574	−$425K
PG, Procter & Gamble	0.06%	Reduce −11.8%	37,757	$163.57	$6.2M	−5,066	+$189K
Carlsberg B A/S	0.05%	Reduce −2.8%	34,382	$172.71	$5.9M	−997	+$151K
NSRGY, Nestle SA-REG	0.05%	Hold	42,370	$139.86	$5.9M	—	—
DOV, Dover	0.05%	Reduce −2.2%	30,467	$181.61	$5.5M	−700	+$687K
MKC, McCormick	0.04%	Reduce −1.2%	47,825	$96.60	$4.6M	−600	+$696K
UNP, Union Pacific	0.04%, was 0.03%	Add +0.4%	18,252	$251.92	$4.6M	+79	+$1M
HKHHY, Heineken	0.04%	Reduce −2.7%	39,066	$112.43	$4.4M	−1,100	+$193K
PEP, PepsiCo	0.03%	Reduce −4.4%	21,756	$173.70	$3.8M	−991	+$358K
Loreal	0.03%	Hold	6,745	$474.13	$3.2M	—	—
COST, Costco	0.03%	Hold	5,264	$567.63	$3M	—	—
GOOGL, Alphabet Class A	0.03%	Hold	994	$2,897	$2.9M	—	—
CFRUY, Richemont	0.02%	Add +1.2%	171,678	$15.03	$2.6M	+2,115	+$809K
Lindt & Spruengli AG -	0.02%	Hold	19	$134,105	$2.5M	—	—
PNC	0.02%, was 0.03%	Reduce −17.8%	12,193	$200.52	$2.4M	−2,643	−$458K
UL, Unilever	0.02%	Reduce −4.9%	44,000	$53.50	$2.4M	−2,250	−$146K
PRNDY, Pernod-Ricard SA-Unspon	0.02%	Add +1.9%	48,838	$48.10	$2.3M	+934	+$232K
SWZ, Swiss Helvetia FUND	0.02%	Add +1.7%	234,799	$9.94	$2.3M	+3,891	+$214K
MLKN, MillerKnoll	0.02%	Reduce −4.1%	58,821	$39.19	$2.3M	−2,500	−$4K
ABBV, AbbVie	0.02%	Hold	12,910	$135.40	$1.7M	—	—
ABT, Abbott Laboratories	0.02%	Hold	12,275	$140.77	$1.7M	—	—
HKHHY, Heineken	0.01%	Add +0.3%	29,550	$56.21	$1.7M	+94	+$121K
DANOY, Danone	0.01%, was 0.02%	Reduce −3.6%	133,531	$12.42	$1.7M	−4,933	−$237K
FMX, Fomento Economico	0.01%, was 0.02%	Reduce −5.2%	20,295	$77.70	$1.6M	−1,116	−$280K
DWDPEUR	0.01%	Add +0.4%	18,094	$80.80	$1.5M	+66	+$236K
FULT, Fulton Financial	0.01%	Reduce −0.2%	74,689	$17.00	$1.3M	−150	+$126K
KO, Coca-Cola	0.01%	Reduce −5.6%	21,435	$59.20	$1.3M	−1,275	+$77K
MSFT, Microsoft	0.01%	Reduce −5.7%	3,449	$336.33	$1.2M	−207	+$129K
AAPL, Apple	0.01%	Reduce −2.4%	6,485	$177.64	$1.2M	−160	+$212K
Holding	0.01%	Hold	1,375	$826.91	$1.1M	—	—
DOW, DOW Inc	0.01%	Add +1.2%	19,426	$56.73	$1.1M	+237	−$3K
DEO, Diageo	0.01%	Hold	19,401	$54.69	$1.1M	—	—
LAMR, Lamar Advertising Co-A	0.01%	Hold	8,035	$121.34	$975K	—	—
DIS, Disney	0.01%	Add +0.6%	5,252	$154.99	$814K	+30	−$69K
GHC, Graham	0.01%	Add +0.3%	1,154	$629.98	$727K	+3	+$49K
HKHHY, Heineken	0.01%	Add +25.8%	14,000	$46.14	$646K	+2,875	+$161K
TFC, Truist	0.01%	Add +0.4%	10,686	$58.58	$626K	+44	+$2K
CVX, Chevron	0.00%	Add +0.3%	4,767	$117.26	$559K	+16	+$77K
MCD, McDonald's	0.00%, was 0.01%	Reduce −11.0%	2,030	$267.98	$544K	−250	−$6K
WMT, Walmart	0.00%, was 0.01%	Reduce −22.3%	3,480	$144.83	$504K	−1,000	−$120K
Reckitt Benckiser Group	0.00%	Reduce −13.6%	5,555	$85.87	$477K	−875	−$28K
Pioneer Natural Resources	0.00%	Hold	2,400	$182.08	$437K	—	—
CTVA, Corteva	0.00%	Add +0.3%	9,057	$47.26	$428K	+26	+$48K
DHR, Danaher	0.00%	Hold	1,183	$328.83	$389K	—	—
ORCL, Oracle	0.00%	Hold	4,000	$87.25	$349K	—	—
LT Group	0.00%	Hold	1,775,000	$0.1944	$345K	—	—
Hanjaya Mandala Sampoerna	0.00%	Hold	5,000,000	$0.0678	$339K	—	—
MRK, Merck	0.00%	Add +0.3%	3,888	$76.65	$298K	+10	+$7K
JC Decaux SA ACT	0.00%	Hold	10,500	$25.05	$263K	—	—
NKE, Nike	0.00%	Hold	1,542	$166.67	$257K	—	—
Alleghany	0.00%	Hold	324	$666.67	$216K	—	—
KHC, Kraft Heinz	0.00%	Hold	6,000	$35.83	$215K	—	—
Davide Campari-Milano	0.00%	Add +19.0%	13,650	$14.65	$200K	+2,175	+$38K
Cir SPA	0.00%	Hold	251,250	$0.5333	$134K	—	—

Showing top 50 of 84 by value

Exits / last held

Gone since 2021 Q3, shown at their last reported size.

Stock	% of portfolio	Recent activity	Shares	Reported price*	Value	Share change	$ change
BUD, Anheuser-Busch InBev	0.03%	Exit	0	$56.94	$2.9M	−51,578	−$2.9M
BUD, Anheuser-Busch InBev	—	Exit	0	$56.27	$224K	−3,981	−$224K

Filings history

20 periods, with AUM normalized

Newest 13Fs

Period	Holds	AUM	QoQ	Form	Filed	Filing ID
2026 Q2	85	$8.9B	+5.1%	13F-HR	8/13/2026	000086064326000005
2026 Q1	86	$8.5B	−8.3%	13F-HR	5/13/2026	000086064326000003
2025 Q4	87	$9.3B	−0.7%	13F-HR	2/12/2026	000086064326000001
2025 Q3	85	$9.3B	−0.9%	13F-HR	11/12/2025	000086064325000007
2025 Q2	85	$9.4B	+5.5%	13F-HR	8/13/2025	000086064325000004
2025 Q1	86	$8.9B	+0.8%	13F-HR	5/13/2025	000086064325000003
2024 Q4	68	$8.8B	−9.2%	13F-HR	2/12/2025	000086064325000001
2024 Q3	77	$9.7B	+2.9%	13F-HR	11/13/2024	000086064324000007
2024 Q2	77	$9.5B	−2.9%	13F-HR	8/13/2024	000086064324000004
2024 Q1	81	$9.7B	−0.7%	13F-HR	5/14/2024	000086064324000003
2023 Q4	82	$9.8B	+7.0%	13F-HR	2/13/2024	000086064324000001
2023 Q3	82	$9.2B	−9.4%	13F-HR	11/14/2023	000086064323000005
2023 Q2	83	$10.1B	+5.0%	13F-HR	8/11/2023	000086064323000004
2023 Q1	84	$9.6B	+6.4%	13F-HR	5/11/2023	000086064323000003
2022 Q4	83	$9.1B	+9.6%	13F-HR	2/13/2023	000086064323000001
2022 Q3	83	$8.3B	−7.6%	13F-HR	11/10/2022	000086064322000004
2022 Q2	85	$8.9B	−14.0%	13F-HR	8/4/2022	000086064322000003
2022 Q1	84	$10.4B	−7.3%	13F-HR	5/12/2022	000086064322000002
2021 Q4	88	$11.2B	+3.3%	13F-HR	2/10/2022	000086064322000001
2021 Q3	87	$10.8B	—	13F-HR	11/15/2021	000086064321000006

About

Gardner Russo & Quinn LLC

20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person: Thomas Russo
SEC filing name: GARDNER RUSSO & QUINN LLC
Location: Lancaster, PA
All SEC filings: View on sec.gov