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

2023 Q2 2023 Q1, filed 11 Aug, long equity only

Download CSV Download Excel All activity


BRK.A, Berkshire Hathaway Class A	12.94%	Reduce −1.9%	2,530	$517,810	$1.3B	−49	+$109M
GOOG, Alphabet Class C	9.82%	Reduce −2.4%	8,221,065	$120.97	$995M	−206,137	+$118M
NSRGY, Nestle	9.53%, was 10.34%	Reduce −2.1%	8,019,143	$120.35	$965M	−172,718	−$32M
MA, Mastercard	9.39%	Reduce −2.3%	2,417,258	$393.30	$951M	−57,590	+$51M
CFRUY, Richemont	8.62%, was 9.15%	Reduce −6.8%	5,147,539	$169.51	$873M	−376,371	−$9.7M
HKHHY, Heineken	6.86%, was 7.81%	Reduce −2.4%	7,994,343	$86.90	$695M	−200,769	−$58M
PRNDY, Pernod Ricard	6.24%, was 6.88%	Reduce −2.2%	2,862,426	$220.82	$632M	−63,109	−$31M
PM, Philip Morris International	6.09%, was 6.49%	Reduce −1.8%	6,314,371	$97.62	$616M	−115,961	−$8.9M
BRK.B, Berkshire Hathaway Class B	5.48%	Reduce −1.0%	1,625,553	$341.00	$554M	−16,077	+$47M
NFLX, Netflix	5.12%, was 3.82%	Add +10.3%	1,175,745	$440.49	$518M	+110,142	+$150M
MLM, Martin Marietta Materials	4.44%	Reduce −2.8%	973,520	$461.69	$449M	−27,818	+$94M
Ashtead Group	3.67%, was 3.29%	Add +3.8%	5,365,720	$69.21	$371M	+196,187	+$54M
JPM, JPMorgan Chase	3.04%, was 2.46%	Add +16.2%	2,112,917	$145.44	$307M	+294,058	+$70M
BF.A, Brown-Forman Class A	1.61%, was 1.66%	Reduce −2.0%	2,400,333	$68.07	$163M	−48,825	+$3.7M
CMCSA, Comcast	1.48%	Reduce −4.0%	3,614,535	$41.55	$150M	−149,664	+$7.5M
UL, Unilever	1.44%, was 2.29%	Reduce −34.3%	2,791,456	$52.13	$146M	−1,459,407	−$75M
V, Visa	0.78%, was 0.80%	Reduce −2.1%	334,028	$237.48	$79M	−7,061	+$2.4M
BF.B, Brown-Forman Class B	0.64%, was 0.66%	Reduce −2.5%	967,024	$66.78	$65M	−24,696	+$840K
CABO, Cable One	0.56%, was 0.66%	Reduce −4.2%	86,436	$657.08	$57M	−3,783	−$6.5M
BUD, Anheuser-Busch InBev	0.31%, was 0.41%	Reduce −5.4%	554,933	$56.55	$31M	−31,906	−$7.7M
WFC, Wells Fargo	0.31%	Reduce −2.5%	731,989	$42.68	$31M	−19,025	+$3.2M
XOM, Exxon Mobil	0.19%	Add +0.8%	178,409	$107.25	$19M	+1,341	−$283K
MO, Altria	0.15%	Add +0.9%	327,378	$45.30	$15M	+2,788	+$347K
MKL, Markel Group	0.14%, was 0.13%	Add +1.7%	9,919	$1,383	$14M	+169	+$1.3M
VMC, Vulcan Materials	0.12%	Reduce −2.1%	53,608	$225.44	$12M	−1,154	+$2.7M
Davide Campari-Milano	0.11%	Reduce −0.8%	809,173	$13.84	$11M	−6,185	+$1.2M
CR, Crane	0.06%	New	70,331	$89.12	$6.3M	+70,331	+$6.3M
AXP, American Express	0.06%, was 0.07%	Reduce −11.8%	33,901	$174.20	$5.9M	−4,545	−$436K
PG, Procter & Gamble	0.06%	Reduce −0.4%	36,723	$151.74	$5.6M	−152	+$89K
HRL, Hormel Foods	0.05%	Reduce −4.9%	119,550	$40.22	$4.8M	−6,158	−$205K
NSRGY, Nestle SA-REG	0.05%	Hold	39,870	$120.27	$4.8M	—	—
Carlsberg B A/S	0.05%	Reduce −0.4%	29,246	$159.78	$4.7M	−115	+$121K
UNP, Union Pacific	0.04%	Add +0.6%	21,695	$204.62	$4.4M	+133	+$100K
DOV, Dover	0.04%, was 0.05%	Reduce −2.5%	28,592	$147.65	$4.2M	−725	−$233K
Loreal	0.04%	Hold	8,436	$465.97	$3.9M	—	—
MKC, McCormick	0.04%	Add +1.4%	45,000	$87.23	$3.9M	+600	+$231K
COST, Costco	0.03%	Add +1.9%	5,228	$538.35	$2.8M	+96	+$264K
HKHHY, Heineken	0.03%	Hold	25,441	$102.75	$2.6M	—	—
PEP, PepsiCo	0.03%	Reduce −2.6%	14,063	$185.22	$2.6M	−376	−$27K
GOOGL, Alphabet Class A	0.03%, was 0.02%	Add +7.9%	21,430	$119.70	$2.6M	+1,574	+$506K
Lindt & Spruengli AG -	0.02%	Hold	19	$124,071	$2.4M	—	—
UL, Unilever	0.02%	Hold	44,000	$52.05	$2.3M	—	—
SWZ, Swiss Helvetia FUND	0.02%	Add +1.5%	262,045	$8.22	$2.2M	+3,886	+$107K
ABBV, AbbVie	0.02%	Reduce −0.2%	12,591	$134.73	$1.7M	−19	−$313K
Outfront Media	0.02%, was 0.03%	Reduce −47.3%	97,924	$15.72	$1.5M	−87,750	−$1.5M
AAPL, Apple	0.01%	Add +8.3%	7,564	$193.97	$1.5M	+582	+$316K
FMX, Fomento Economico	0.01%	Reduce −2.0%	13,220	$110.84	$1.5M	−275	+$181K
PNC	0.01%	Hold	11,268	$125.95	$1.4M	—	—
DWDPEUR	0.01%	Add +0.5%	18,026	$71.44	$1.3M	+97	+$1K
ABT, Abbott Laboratories	0.01%	Reduce −1.4%	11,610	$109.02	$1.3M	−165	+$73K
KO, Coca-Cola	0.01%	Add +2.0%	20,159	$60.22	$1.2M	+390	−$12K
FULT, Fulton Financial	0.01%	Add +25.0%	99,905	$11.92	$1.2M	+20,000	+$87K
DOW, DOW Inc	0.01%	Add +1.3%	20,402	$53.26	$1.1M	+266	−$17K
CFRUY, Richemont	0.01%	Reduce −29.4%	61,522	$16.95	$1M	−25,643	−$349K
PRNDY, Pernod Ricard	0.01%	Reduce −29.7%	17,530	$44.16	$774K	−7,403	−$356K
MSFT, Microsoft	0.01%	Add +4.9%	2,233	$340.54	$760K	+104	+$147K
CVX, Chevron	0.01%	Reduce −2.2%	4,721	$157.33	$743K	−105	−$45K
HKHHY, Heineken	0.01%	Hold	16,000	$43.45	$695K	—	—
LAMR, Lamar Advertising Co-A	0.01%	Reduce −12.2%	6,960	$99.25	$691K	−965	−$101K
GHC, Graham	0.01%	Add +0.1%	1,169	$571.56	$668K	+1	−$28K
DEO, Diageo	0.01%	Reduce −5.4%	13,841	$42.96	$595K	−786	−$59K
MCD, McDonald's	0.01%	Add +1.7%	1,986	$298.41	$593K	+34	+$47K
WMT, Walmart	0.01%	Hold	3,455	$157.18	$543K	—	—
Pioneer Natural Resources	0.00%	Hold	2,400	$207.18	$497K	—	—
CTVA, Corteva	0.00%	Add +0.3%	8,677	$57.30	$497K	+23	−$25K
MRK, Merck	0.00%	Add +3.4%	3,960	$115.38	$457K	+129	+$49K
ORCL, Oracle	0.00%	Reduce −9.9%	3,605	$119.09	$429K	−395	+$58K
Holding	0.00%	Hold	445	$941.53	$419K	—	—
Reckitt Benckiser Group	0.00%	Hold	5,455	$75.16	$410K	—	—
DIS, Disney	0.00%	Reduce −0.4%	4,435	$89.28	$396K	−20	−$50K
Ashtead Group	0.00%	Add +0.2%	1,253	$276.85	$347K	+3	+$40K
TFC, Truist	0.00%	Reduce −1.8%	11,082	$30.35	$336K	−200	−$48K
MDLZ, Mondelez	0.00%	Add +0.2%	4,411	$72.94	$322K	+11	+$15K
Hanjaya Mandala Sampoerna	0.00%	Hold	5,000,000	$0.0630	$315K	—	—
LT Group	0.00%	Hold	1,775,000	$0.1723	$306K	—	—
DHR, Danaher	0.00%	Hold	1,083	$240.00	$260K	—	—
BP	0.00%	Add +1.3%	6,804	$35.29	$240K	+85	−$15K
HKHHY, Heineken	0.00%, was 0.01%	Reduce −59.2%	4,564	$51.38	$234K	−6,612	−$367K
Holding	0.00%	Add +1.4%	1,124	$188.31	$212K	+15	+$8K
JC Decaux SA ACT	0.00%	Hold	10,500	$19.92	$209K	—	—
DANOY, Danone	0.00%	Hold	16,562	$12.25	$203K	—	—
Davide Campari-Milano	0.00%	Hold	13,650	$13.84	$189K	—	—
Cir SPA	0.00%	Hold	251,250	$0.4129	$104K	—	—

Showing top 50 of 83 by value

Exits / last held

Gone since 2023 Q1, shown at their last reported size.

Stock	% of portfolio	Recent activity	Shares	Reported price*	Value	Share change	$ change
CXT, Crane	0.08%	Exit	0	$113.51	$8M	−70,331	−$8M

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