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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%

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

2024 Q2 2024 Q1, filed 13 Aug, long equity only

BRK.A, Berkshire Hathaway Class A 13.67%, was 13.88% Reduce −0.8% 2,114 $612,241 $1.3B −18 −$58M
GOOG, Alphabet Class C 12.03% Reduce −12.1% 6,209,856 $183.42 $1.1B −851,066 +$64M
MA, Mastercard 9.58%, was 10.38% Reduce −2.1% 2,056,350 $441.16 $907M −43,948 −$104M
NSRGY, Nestle 7.86% Add +0.1% 7,260,624 $102.45 $744M +8,648 −$26M
CFRUY, Richemont 7.70%, was 7.26% Add +0.7% 4,669,634 $156.08 $729M +33,145 +$21M
HKHHY, Heineken 6.66%, was 6.49% Add +2.0% 7,982,338 $78.93 $630M +157,625 −$2M
BRK.B, Berkshire Hathaway Class B 5.97%, was 6.32% Reduce −5.1% 1,390,310 $406.80 $566M −74,221 −$50M
PM, Philip Morris International 5.85% Reduce −1.5% 5,466,358 $101.33 $554M −84,839 +$45M
NFLX, Netflix 5.58% Reduce −10.5% 782,062 $674.88 $528M −92,013 −$3.1M
PRNDY, Pernod Ricard 4.74% Add +9.3% 3,305,294 $135.79 $449M +281,674 −$41M
MLM, Martin Marietta Materials 4.37%, was 4.96% Reduce −3.0% 764,059 $541.80 $414M −23,421 −$69M
Ashtead Group 3.57%, was 3.75% Reduce −1.3% 5,058,162 $66.77 $338M −68,498 −$28M
JPM, JPMorgan Chase 3.19%, was 3.51% Reduce −12.7% 1,492,835 $202.26 $302M −217,659 −$41M
UBER, Uber 2.80%, was 2.61% Add +10.4% 3,644,712 $72.68 $265M +344,484 +$11M
CMCSA, Comcast 1.27%, was 1.38% Reduce −1.0% 3,064,822 $39.16 $120M −29,422 −$14M
BF.A, Brown-Forman Class A 1.01%, was 1.19% Reduce −1.3% 2,170,683 $44.13 $96M −28,011 −$21M
DASH, DoorDash 0.82% New 716,388 $108.78 $78M +716,388 +$78M
V, Visa 0.78%, was 0.85% Reduce −4.4% 282,714 $262.47 $74M −12,915 −$8.3M
BF.B, Brown-Forman Class B 0.41%, was 0.48% Reduce −1.5% 891,786 $43.19 $39M −13,146 −$8.2M
WFC, Wells Fargo 0.30%, was 0.40% Reduce −29.1% 478,642 $59.39 $28M −196,327 −$11M
BUD, Anheuser-Busch InBev 0.27%, was 0.30% Reduce −6.5% 441,625 $58.00 $26M −30,768 −$3.2M
XOM, Exxon Mobil 0.22%, was 0.21% Add +0.2% 180,530 $115.12 $21M +396 −$156K
MKL, Markel Group 0.16% Reduce −1.8% 9,619 $1,576 $15M −180 +$247K
MO, Altria 0.14% Reduce −8.8% 286,290 $45.55 $13M −27,762 −$658K
CR, Crane 0.10% Reduce −3.1% 64,906 $144.98 $9.4M −2,075 +$359K
VMC, Vulcan Materials 0.09%, was 0.11% Reduce −13.0% 33,622 $248.68 $8.4M −5,021 −$2.2M
Davide Campari-Milano 0.07% Add +5.5% 677,127 $9.46 $6.4M +35,481 −$51K
UNP, Union Pacific 0.06% Add +3.9% 24,294 $226.26 $5.5M +920 −$252K
PG, Procter & Gamble 0.06% Reduce −1.0% 32,006 $164.92 $5.3M −319 +$34K
COST, Costco 0.05% Hold 5,477 $850.01 $4.7M — —
DOV, Dover 0.04% Reduce −5.1% 23,426 $180.45 $4.2M −1,271 −$149K
NSRGY, Nestle SA-REG 0.04% Hold 40,136 $102.07 $4.1M — —
AXP, American Express 0.04% Reduce −11.2% 16,075 $231.55 $3.7M −2,020 −$398K
GOOGL, Alphabet Class A 0.04% Reduce −7.2% 20,356 $182.15 $3.7M −1,574 +$398K
MKC, McCormick 0.03% Reduce −0.3% 43,320 $70.94 $3.1M −125 −$264K
Carlsberg B A/S 0.03% Reduce −0.6% 24,390 $120.09 $2.9M −140 −$422K
Loreal 0.03% Reduce −13.3% 5,841 $439.47 $2.6M −895 −$624K
HKHHY, Heineken 0.03% Hold 25,441 $96.78 $2.5M — —
MSFT, Microsoft 0.02% Reduce −2.9% 5,205 $446.95 $2.3M −157 +$70K
SWZ, Swiss Helvetia FUND 0.02% Add +1.6% 279,368 $8.07 $2.3M +4,420 +$74K
Lindt & Spruengli AG - 0.02% Hold 19 $115,513 $2.2M — —
ABBV, AbbVie 0.02% Hold 12,510 $171.52 $2.1M — —
PEP, PepsiCo 0.02% Reduce −0.6% 12,366 $164.92 $2M −77 −$138K
FULT, Fulton Financial 0.02% Reduce −1.7% 114,305 $16.98 $1.9M −2,000 +$93K
HRL, Hormel Foods 0.02% Reduce −5.1% 57,691 $30.49 $1.8M −3,122 −$363K
AAPL, Apple 0.02% Reduce −14.7% 6,799 $210.62 $1.4M −1,175 +$65K
DWDPEUR 0.01% Add +0.5% 15,555 $80.49 $1.3M +73 +$65K
ABT, Abbott Laboratories 0.01% Reduce −0.9% 11,510 $103.91 $1.2M −100 −$124K
PNC 0.01% Reduce −3.7% 7,023 $155.48 $1.1M −270 −$87K
CFRUY, Richemont 0.01% Add +0.4% 66,140 $15.61 $1M +293 +$27K

Showing top 50 of 76 by value

Exits / last held

Gone since 2024 Q1, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
CABO, Cable One 0.05% Exit 0 $423.08 $4.9M −11,681 −$4.9M
UL, Unilever 0.01% Exit 0 $50.17 $761K −15,167 −$761K
Holding 0.01% Exit 0 $900.00 $504K −560 −$504K
Holding — Exit 0 $180.20 $202K −1,121 −$202K
Burnham — Exit 0 $13.30 $133K −10,000 −$133K
DANOY, Danone — Exit 0 $12.93 $130K −10,057 −$130K

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 2024 Q1. 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

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