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

2025 Q3 2025 Q2, filed 12 Nov, long equity only

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BRK.A, Berkshire Hathaway Class A	12.46%, was 12.58%	Reduce −5.1%	1,541	$754,200	$1.2B	−83	−$21M
GOOG, Alphabet Class C	12.14%	Reduce −8.7%	4,649,923	$243.55	$1.1B	−440,394	+$230M
MA, Mastercard	9.88%, was 10.05%	Reduce −3.7%	1,620,272	$568.81	$922M	−62,779	−$24M
PM, Philip Morris International	8.11%, was 9.43%	Reduce −4.3%	4,662,201	$162.20	$756M	−211,125	−$131M
CFRUY, Richemont	7.36%, was 7.44%	Reduce −3.3%	3,603,992	$190.54	$687M	−124,323	−$13M
HKHHY, Heineken	6.83%, was 6.65%	Add +10.1%	9,285,906	$68.56	$637M	+855,260	+$11M
NFLX, Netflix	6.61%, was 7.72%	Reduce −5.1%	514,425	$1,199	$617M	−27,909	−$110M
BRK.B, Berkshire Hathaway Class B	6.26%, was 5.96%	Add +0.6%	1,161,394	$502.74	$584M	+6,828	+$23M
NSRGY, Nestle	5.69%, was 6.35%	Reduce −3.9%	5,778,660	$91.77	$530M	−236,173	−$67M
UBER, Uber	4.95%	Reduce −3.8%	4,710,841	$97.97	$462M	−185,881	+$4.7M
MLM, Martin Marietta Materials	4.65%	Reduce −3.5%	687,537	$630.28	$433M	−25,242	+$42M
Ashtead Group	4.00%	Reduce −4.0%	5,577,080	$66.84	$373M	−233,606	+$1M
PRNDY, Pernod Ricard	2.84%, was 2.98%	Reduce −4.4%	2,700,641	$98.16	$265M	−123,573	−$15M
DASH, DoorDash	2.70%	Reduce −4.2%	926,363	$271.99	$252M	−40,397	+$14M
JPM, JPMorgan Chase	1.84%	Reduce −5.0%	545,030	$315.43	$172M	−28,670	+$5.6M
CMCSA, Comcast	0.82%, was 0.97%	Reduce −4.4%	2,445,711	$31.42	$77M	−112,255	−$14M
BF.A, Brown-Forman Class A	0.50%, was 0.53%	Reduce −6.0%	1,718,072	$26.91	$46M	−109,076	−$4M
V, Visa	0.45%, was 0.48%	Reduce −3.7%	122,264	$341.38	$42M	−4,680	−$3.3M
XOM, Exxon Mobil	0.23%, was 0.22%	Add +0.8%	191,742	$112.75	$22M	+1,441	+$1.1M
BF.B, Brown-Forman Class B	0.22%	Reduce −1.6%	765,768	$27.08	$21M	−12,753	−$213K
BUD, Anheuser-Busch InBev	0.18%, was 0.22%	Reduce −4.8%	282,215	$59.69	$17M	−14,085	−$3.4M
MKL, Markel Group	0.16%, was 0.17%	Reduce −6.0%	7,653	$1,911	$15M	−490	−$1.6M
MO, Altria	0.12%	Reduce −13.4%	165,693	$66.06	$11M	−25,747	−$278K
CR, Crane	0.11%, was 0.12%	Reduce −4.9%	56,476	$184.14	$10M	−2,879	−$871K
UNP, Union Pacific	0.06%	Add +0.5%	24,843	$236.37	$5.9M	+128	+$186K
AXP, American Express	0.05%	Reduce 0.0%	13,632	$332.16	$4.5M	−2	+$179K
COST, Costco	0.05%	Reduce −0.2%	4,624	$925.57	$4.3M	−9	−$306K
GOOGL, Alphabet Class A	0.04%	Reduce −1.5%	15,486	$243.10	$3.8M	−243	+$993K
DOV, Dover	0.03%, was 0.04%	Reduce −9.3%	19,551	$166.83	$3.3M	−2,000	−$687K
VMC, Vulcan Materials	0.03%	Reduce −2.6%	9,897	$307.62	$3M	−265	+$394K
ABBV, AbbVie	0.03%	Hold	12,410	$231.54	$2.9M	—	—
MKC, McCormick	0.03%	Reduce −0.9%	41,591	$66.91	$2.8M	−385	−$400K
SWZ, Swiss Helvetia FUND	0.03%	Hold	434,237	$6.08	$2.6M	—	—
Lindt & Spruengli AG -	0.02%	Hold	15	$150,317	$2.3M	—	—
MSFT, Microsoft	0.02%	Reduce −17.3%	3,505	$517.95	$1.8M	−735	−$294K
Loreal	0.02%	Hold	4,050	$432.99	$1.8M	—	—
WRBY, Warby Parker	0.02%, was 0.01%	Add +5.2%	61,000	$27.58	$1.7M	+3,000	+$410K
PG, Procter & Gamble	0.02%	Hold	10,920	$153.65	$1.7M	—	—
ABT, Abbott Laboratories	0.02%	Hold	11,510	$133.94	$1.5M	—	—
PEP, PepsiCo	0.02%	Hold	10,960	$140.44	$1.5M	—	—
SSP Group	0.02%, was 0.01%	Add +20.4%	660,000	$2.31	$1.5M	+112,000	+$228K
Konecranes	0.02%	Reduce −22.0%	18,450	$82.48	$1.5M	−5,200	−$348K
Fielmann	0.02%	Add +8.7%	25,000	$60.40	$1.5M	+2,000	−$21K
Fluidra	0.02%	Hold	53,000	$27.10	$1.4M	—	—
Demant A/S	0.02%	Hold	41,000	$34.66	$1.4M	—	—
Carlsberg B A/S	0.02%	Add +0.7%	12,055	$116.30	$1.4M	+88	−$288K
Davide Campari-Milano	0.01%, was 0.02%	Reduce −10.3%	210,353	$6.31	$1.3M	−24,040	−$244K
Electrolux Professional	0.01%	Add +14.0%	200,000	$6.44	$1.3M	+24,500	+$55K
De'Longhi	0.01%	Hold	35,250	$36.17	$1.3M	—	—
H, Hyatt Hotels	0.01%	Hold	8,675	$141.93	$1.2M	—	—
FULT, Fulton Financial	0.01%	Reduce −5.3%	64,600	$18.63	$1.2M	−3,600	−$27K
AAPL, Apple	0.01%	Reduce −8.7%	4,699	$254.63	$1.2M	−450	+$140K
H&M	0.01%	Hold	64,000	$18.63	$1.2M	—	—
HKHHY, Heineken	0.01%	Hold	15,131	$78.04	$1.2M	—	—
LEVI, Levi Strauss	0.01%	Hold	47,725	$23.30	$1.1M	—	—
Puig Brands	0.01%	Hold	68,000	$16.07	$1.1M	—	—
Lotus Bakeries	0.01%	Hold	115	$9,424	$1.1M	—	—
WMT, Walmart	0.01%	Hold	10,165	$103.06	$1M	—	—
NSRGY, Nestle SA-REG	0.01%	Reduce −1.0%	11,170	$91.84	$1M	−115	−$92K
JBTM, JBT Marel	0.01%	Hold	7,250	$140.45	$1M	—	—
ORCL, Oracle	0.01%	Hold	3,475	$281.24	$977K	—	—
Deliveroo	0.01%	Hold	390,000	$2.42	$943K	—	—
KO, Coca-Cola	0.01%	Hold	13,640	$66.32	$905K	—	—
Zalando	0.01%	Add +7.7%	28,000	$30.56	$856K	+2,000	+$3K
WFC, Wells Fargo	0.01%, was 0.02%	Reduce −55.6%	10,149	$83.82	$851K	−12,699	−$980K
YETI, Yeti Holdings	0.01%	Hold	24,000	$33.18	$796K	—	—
Kalmar Oyj	0.01%	New	20,000	$39.62	$792K	+20,000	+$792K
PNC	0.01%	Reduce −5.1%	3,750	$200.93	$753K	−200	+$17K
HRI, Herc	0.01%	Reduce −23.7%	6,450	$116.66	$752K	−2,000	−$360K
Rational	0.01%	Hold	975	$762.58	$744K	—	—
LAMR, Lamar Advertising Co-A	0.01%	Hold	5,974	$122.42	$731K	—	—
FBLA, FB Bancorp	0.01%	Reduce −9.1%	50,000	$12.02	$601K	−5,000	−$18K
HRL, Hormel Foods	0.01%	Reduce −44.3%	19,835	$24.74	$491K	−15,746	−$586K
LT Group	0.00%	Hold	1,775,000	$0.2619	$465K	—	—
TFC, Truist	0.00%	Add +0.8%	9,355	$45.72	$428K	+75	+$29K
CVX, Chevron	0.00%	Hold	2,670	$155.29	$415K	—	—
GNRC, Generac	0.00%, was 0.01%	Reduce −60.2%	2,250	$167.40	$377K	−3,400	−$432K
FMX, Fomento Economico	0.00%	Reduce −4.5%	3,218	$98.63	$317K	−150	−$29K
UNM, Unum Group	0.00%	Hold	3,800	$77.78	$296K	—	—
OUT, Outfront Media	0.00%	Hold	15,690	$18.32	$287K	—	—
DIS, Disney	0.00%	Reduce −10.9%	2,510	$114.49	$287K	−308	−$62K
Hanjaya Mandala Sampoerna	0.00%	Hold	5,000,000	$0.0489	$245K	—	—
MCD, McDonald's	0.00%	Hold	705	$303.89	$214K	—	—
Cofide SPA	0.00%	Hold	251,250	$0.7673	$193K	—	—

Showing top 50 of 84 by value

Exits / last held

Gone since 2025 Q2, shown at their last reported size.

Stock	% of portfolio	Recent activity	Shares	Reported price*	Value	Share change	$ change
RL, Ralph Lauren	0.01%	Exit	0	$274.39	$1.1M	−4,100	−$1.1M
DEO, Diageo	—	Exit	0	$25.01	$202K	−8,077	−$202K

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