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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%

  1. GOOG, Alphabet Class C 12.1%
  2. BRK.A, Berkshire Hathaway Class A 12.0%
  3. PM, Philip Morris International 9.2%
  4. MA, Mastercard 8.8%
  5. CFRUY, Richemont 8.7%
  6. HKHHY, Heineken 7.6%
  7. NSRGY, Nestle 6.1%
  8. BRK.B, Berkshire Hathaway Class B 6.0%
  9. URI, Sunbelt Rentals 4.9%
  10. NFLX, Netflix 4.6%
  11. MLM, Martin Marietta Materials 4.6%
  12. UBER, Uber 4.1%
  13. Other 11.3%

AUM over time

2026 Q2 $8.9B +5.1% QoQ
2021 Q3: $10.8B 2021 Q3: $10.8B
Q3 2021
2021 Q4: $11.2B, +3.3% QoQ 2021 Q4: $11.2B, +3.3% QoQ
Q4
2022 Q1: $10.4B, −7.3% QoQ 2022 Q1: $10.4B, −7.3% QoQ
Q1 2022
2022 Q2: $8.9B, −14.0% QoQ 2022 Q2: $8.9B, −14.0% QoQ
Q2
2022 Q3: $8.3B, −7.6% QoQ 2022 Q3: $8.3B, −7.6% QoQ
Q3
2022 Q4: $9.1B, +9.6% QoQ 2022 Q4: $9.1B, +9.6% QoQ
Q4
2023 Q1: $9.6B, +6.4% QoQ 2023 Q1: $9.6B, +6.4% QoQ
Q1 2023
2023 Q2: $10.1B, +5.0% QoQ 2023 Q2: $10.1B, +5.0% QoQ
Q2
2023 Q3: $9.2B, −9.4% QoQ 2023 Q3: $9.2B, −9.4% QoQ
Q3
2023 Q4: $9.8B, +7.0% QoQ 2023 Q4: $9.8B, +7.0% QoQ
Q4
2024 Q1: $9.7B, −0.7% QoQ 2024 Q1: $9.7B, −0.7% QoQ
Q1 2024
2024 Q2: $9.5B, −2.9% QoQ 2024 Q2: $9.5B, −2.9% QoQ
Q2
2024 Q3: $9.7B, +2.9% QoQ 2024 Q3: $9.7B, +2.9% QoQ
Q3
2024 Q4: $8.8B, −9.2% QoQ 2024 Q4: $8.8B, −9.2% QoQ
Q4
2025 Q1: $8.9B, +0.8% QoQ 2025 Q1: $8.9B, +0.8% QoQ
Q1 2025
2025 Q2: $9.4B, +5.5% QoQ 2025 Q2: $9.4B, +5.5% QoQ
Q2
2025 Q3: $9.3B, −0.9% QoQ 2025 Q3: $9.3B, −0.9% QoQ
Q3
2025 Q4: $9.3B, −0.7% QoQ 2025 Q4: $9.3B, −0.7% QoQ
Q4
2026 Q1: $8.5B, −8.3% QoQ 2026 Q1: $8.5B, −8.3% QoQ
Q1 2026
2026 Q2: $8.9B, +5.1% QoQ 2026 Q2: $8.9B, +5.1% QoQ
Q2

Book

2023 Q3 2023 Q2, filed 14 Nov, long equity only

Download CSV Download Excel All activity
BRK.A, Berkshire Hathaway Class A 14.38% Reduce −1.9% 2,482 $531,477 $1.3B −48 +$9.1M
GOOG, Alphabet Class C 11.64% Reduce −1.5% 8,093,922 $131.85 $1.1B −127,143 +$73M
MA, Mastercard 10.29% Reduce −1.4% 2,382,969 $395.91 $943M −34,289 −$7.3M
NSRGY, Nestle 9.70% Reduce −2.0% 7,859,532 $113.17 $889M −159,611 −$76M
CFRUY, Richemont 6.74%, was 8.62% Reduce −1.9% 5,048,100 $122.43 $618M −99,439 −$255M
HKHHY, Heineken 6.52%, was 6.86% Reduce −1.1% 7,909,106 $75.59 $598M −85,237 −$97M
PM, Philip Morris International 6.30% Reduce −1.2% 6,240,303 $92.58 $578M −74,068 −$39M
BRK.B, Berkshire Hathaway Class B 6.18% Reduce −0.5% 1,618,150 $350.30 $567M −7,403 +$13M
PRNDY, Pernod Ricard 5.15%, was 6.24% Reduce −1.3% 2,823,890 $167.12 $472M −38,536 −$160M
NFLX, Netflix 4.78%, was 5.12% Reduce −1.2% 1,161,475 $377.60 $439M −14,270 −$79M
MLM, Martin Marietta Materials 4.29%, was 4.44% Reduce −1.5% 958,763 $410.48 $394M −14,757 −$56M
Ashtead Group 3.56%, was 3.67% Reduce −0.4% 5,341,822 $61.05 $326M −23,898 −$45M
JPM, JPMorgan Chase 3.32% Reduce −0.7% 2,098,425 $145.02 $304M −14,492 −$3M
CMCSA, Comcast 1.71% Reduce −2.4% 3,528,069 $44.34 $156M −86,466 +$6.3M
BF.A, Brown-Forman Class A 1.49%, was 1.61% Reduce −1.9% 2,355,804 $58.10 $137M −44,529 −$27M
V, Visa 0.83% Reduce −0.8% 331,341 $230.01 $76M −2,687 −$3.1M
BF.B, Brown-Forman Class B 0.60%, was 0.64% Reduce −0.7% 960,448 $57.69 $55M −6,576 −$9.2M
BUD, Anheuser-Busch InBev 0.33% Reduce −2.5% 541,283 $55.59 $30M −13,650 −$1.3M
WFC, Wells Fargo 0.32% Reduce −0.8% 726,373 $40.86 $30M −5,616 −$1.6M
XOM, Exxon Mobil 0.23% Reduce −0.1% 178,180 $117.58 $21M −229 +$1.8M
CABO, Cable One 0.17%, was 0.56% Reduce −71.5% 24,670 $615.64 $15M −61,766 −$42M
MKL, Markel Group 0.16%, was 0.14% Add +0.7% 9,989 $1,472 $15M +70 +$989K
MO, Altria 0.15% Add +0.9% 330,299 $42.05 $14M +2,921 −$941K
VMC, Vulcan Materials 0.12% Reduce −0.9% 53,103 $202.02 $11M −505 −$1.4M
Davide Campari-Milano 0.10%, was 0.11% Reduce −0.5% 805,403 $11.82 $9.5M −3,770 −$1.7M
CR, Crane 0.07% Reduce −0.2% 70,181 $88.84 $6.2M −150 −$33K
PG, Procter & Gamble 0.06% Reduce −0.1% 36,684 $145.86 $5.4M −39 −$222K
UL, Unilever 0.05%, was 1.44% Reduce −96.4% 99,284 $49.40 $4.9M −2,692,172 −$141M
NSRGY, Nestle SA-REG 0.05% Hold 39,870 $113.40 $4.5M — —
UNP, Union Pacific 0.05%, was 0.04% Add +0.3% 21,763 $203.63 $4.4M +68 −$8K
HRL, Hormel Foods 0.05% Reduce −2.9% 116,130 $38.03 $4.4M −3,420 −$392K
AXP, American Express 0.05%, was 0.06% Reduce −16.9% 28,176 $149.19 $4.2M −5,725 −$1.7M
DOV, Dover 0.04% Reduce −0.4% 28,467 $139.51 $4M −125 −$250K
Carlsberg B A/S 0.04%, was 0.05% Reduce −0.2% 29,176 $126.56 $3.7M −70 −$980K
Loreal 0.04% Hold 8,436 $416.30 $3.5M — —
MKC, McCormick 0.04% Reduce −0.1% 44,950 $75.64 $3.4M −50 −$525K
GOOGL, Alphabet Class A 0.03% Add +4.2% 22,330 $130.86 $2.9M +900 +$357K
COST, Costco 0.03% Reduce −1.6% 5,143 $564.94 $2.9M −85 +$91K
PEP, PepsiCo 0.03% Reduce −0.1% 14,048 $169.44 $2.4M −15 −$224K
HKHHY, Heineken 0.02% Hold 25,441 $88.36 $2.2M — —
Lindt & Spruengli AG - 0.02% Hold 19 $109,751 $2.1M — —
SWZ, Swiss Helvetia FUND 0.02% Add +1.6% 266,253 $7.64 $2M +4,208 −$120K
ABBV, AbbVie 0.02% Reduce −0.1% 12,583 $149.06 $1.9M −8 +$179K
FULT, Fulton Financial 0.02%, was 0.01% Add +20.0% 119,905 $12.11 $1.5M +20,000 +$261K
AAPL, Apple 0.02%, was 0.01% Add +7.8% 8,155 $171.21 $1.4M +591 −$71K
PNC 0.02% Hold 11,268 $122.77 $1.4M — —
DWDPEUR 0.01% Add +0.4% 18,107 $74.59 $1.4M +81 +$63K
FMX, Fomento Economico 0.01% Reduce −10.6% 11,820 $109.15 $1.3M −1,400 −$175K
ABT, Abbott Laboratories 0.01% Hold 11,610 $96.85 $1.1M — —
KO, Coca-Cola 0.01% Reduce −0.7% 20,008 $55.98 $1.1M −151 −$94K

Showing top 50 of 81 by value

Exits / last held

Gone since 2023 Q2, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
UL, Unilever 0.02% Exit 0 $52.05 $2.3M −44,000 −$2.3M
Holding — Exit 0 $188.61 $212K −1,124 −$212K

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2023 Q2. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

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