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

2026 Q1 2025 Q4, filed 13 May, long equity only

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BRK.A, Berkshire Hathaway Class A	12.34%	Reduce −1.9%	1,460	$718,140	$1B	−28	−$75M
GOOG, Alphabet Class C	11.31%, was 13.32%	Reduce −14.8%	3,350,337	$286.86	$961M	−580,860	−$273M
MA, Mastercard	9.15%, was 9.77%	Reduce −1.9%	1,555,141	$499.66	$777M	−30,858	−$128M
PM, Philip Morris International	8.96%	Reduce −2.0%	4,605,069	$165.34	$761M	−92,439	+$7.9M
HKHHY, Heineken	7.57%	Reduce −1.1%	9,101,528	$70.69	$643M	−98,748	−$31M
CFRUY, Richemont	7.00%, was 8.21%	Reduce −1.6%	3,447,287	$172.42	$594M	−54,818	−$166M
NSRGY, Nestle	6.39%	Reduce −2.4%	5,481,714	$99.10	$543M	−135,448	−$12M
NFLX, Netflix	6.35%, was 5.07%	Add +12.1%	5,610,666	$96.15	$539M	+605,901	+$70M
BRK.B, Berkshire Hathaway Class B	6.26%	Reduce −1.3%	1,110,429	$479.20	$532M	−14,966	−$34M
MLM, Martin Marietta Materials	4.96%	Reduce −1.5%	715,411	$588.68	$421M	−11,201	−$31M
URI, Sunbelt Rentals	4.63%	New	6,049,133	$65.09	$394M	+6,049,133	+$394M
UBER, Uber	4.38%	Add +0.6%	5,173,404	$71.93	$372M	+28,344	−$48M
ERFSF, Eurofins Scientific	2.63%	New	3,096,404	$72.20	$224M	+3,096,404	+$224M
PRNDY, Pernod Ricard	2.16%, was 2.37%	Reduce −2.9%	2,479,656	$73.99	$183M	−74,224	−$36M
DASH, DoorDash	1.77%	Add +7.6%	1,001,195	$150.15	$150M	+70,728	−$60M
CMCSA, Comcast	0.76%	Reduce −2.0%	2,253,106	$28.71	$65M	−47,091	−$4.1M
BF.A, Brown-Forman Class A	0.52%	Reduce −1.2%	1,647,878	$26.79	$44M	−20,216	+$259K
JPM, JPMorgan Chase	0.52%, was 1.84%	Reduce −71.9%	148,798	$294.16	$44M	−380,019	−$127M
XOM, Exxon Mobil	0.39%, was 0.25%	Add +0.5%	193,950	$169.66	$33M	+917	+$9.7M
V, Visa	0.33%, was 0.41%	Reduce −13.8%	93,812	$302.24	$28M	−15,006	−$9.8M
BF.B, Brown-Forman Class B	0.21%	Reduce −6.8%	659,694	$26.44	$17M	−48,485	−$1M
BUD, Anheuser-Busch InBev	0.15%, was 0.18%	Reduce −30.7%	184,010	$68.81	$13M	−81,515	−$4.5M
MO, Altria	0.13%	Reduce −0.2%	164,461	$65.99	$11M	−311	+$1.4M
MKL, Markel Group	0.11%, was 0.15%	Reduce −21.1%	4,954	$1,914	$9.5M	−1,325	−$4M
CR, Crane	0.09%, was 0.11%	Reduce −14.3%	46,626	$171.00	$8M	−7,775	−$2.1M
UNP, Union Pacific	0.08%, was 0.06%	Add +10.6%	27,638	$242.62	$6.7M	+2,654	+$926K
COST, Costco	0.05%	Hold	4,624	$996.41	$4.6M	—	—
DOV, Dover	0.05%	Reduce −2.0%	19,126	$208.45	$4M	−400	+$175K
GOOGL, Alphabet Class A	0.04%, was 0.05%	Reduce −22.2%	11,610	$287.56	$3.3M	−3,306	−$1.3M
ABBV, AbbVie	0.03%	Hold	12,410	$217.49	$2.7M	—	—
Lindt & Spruengli AG -	0.03%	Hold	15	$142,119	$2.1M	—	—
VMC, Vulcan Materials	0.02%	Reduce −8.2%	7,263	$272.30	$2M	−649	−$279K
AXP, American Express	0.02%, was 0.05%	Reduce −46.7%	6,485	$302.48	$2M	−5,675	−$2.5M
MKC, McCormick	0.02%, was 0.03%	Reduce −5.1%	38,581	$50.44	$1.9M	−2,085	−$824K
Konecranes	0.02%	Add +184.6%	52,500	$32.19	$1.7M	+34,050	−$345K
WRBY, Warby Parker	0.02%	Add +23.1%	80,000	$21.07	$1.7M	+15,000	+$269K
Fielmann	0.02%, was 0.01%	Add +28.4%	33,000	$50.18	$1.7M	+7,300	+$341K
SSP Group	0.02%	Add +6.1%	700,000	$2.31	$1.6M	+40,000	−$214K
Fluidra	0.02%	Add +18.6%	70,000	$22.78	$1.6M	+11,000	−$10K
Rational	0.02%, was 0.01%	Add +125.6%	2,200	$716.67	$1.6M	+1,225	+$819K
ALK Abello A/S	0.02%, was 0.01%	Add +42.9%	50,000	$31.18	$1.6M	+15,000	+$301K
LEVI, Levi Strauss	0.02%, was 0.01%	Add +73.3%	82,725	$18.49	$1.5M	+35,000	+$540K
Loreal	0.02%	Hold	3,705	$402.52	$1.5M	—	—
PEP, PepsiCo	0.02%	Reduce −6.0%	9,205	$155.28	$1.4M	−589	+$24K
Davide Campari-Milano	0.02%	Reduce −16.6%	202,013	$7.06	$1.4M	−40,090	−$148K
Kalmar Oyj	0.02%, was 0.01%	Add +12.5%	27,000	$49.96	$1.3M	+3,000	+$206K
De'Longhi	0.02%	Add +10.6%	39,000	$34.54	$1.3M	+3,750	−$164K
PG, Procter & Gamble	0.02%	Reduce −22.8%	9,229	$144.44	$1.3M	−2,722	−$380K
Puig Brands	0.02%	Hold	68,000	$19.46	$1.3M	—	—
MSFT, Microsoft	0.02%	Reduce −4.3%	3,544	$370.17	$1.3M	−161	−$480K
Lotus Bakeries	0.02%	Hold	115	$11,222	$1.3M	—	—
Demant A/S	0.01%	Hold	41,000	$29.90	$1.2M	—	—
Carlsberg B A/S	0.01%, was 0.03%	Reduce −57.2%	9,872	$123.85	$1.2M	−13,219	−$1.8M
Electrolux Professional	0.01%	Add +15.0%	230,000	$5.29	$1.2M	+30,000	−$198K
WMT, Walmart	0.01%	Reduce −4.2%	9,740	$124.28	$1.2M	−425	+$78K
AAPL, Apple	0.01%	Add +1.6%	4,751	$253.79	$1.2M	+77	−$65K
ABT, Abbott Laboratories	0.01%	Hold	11,510	$102.67	$1.2M	—	—
H&M	0.01%	Hold	64,000	$18.39	$1.2M	—	—
HKHHY, Heineken	0.01%	Hold	15,131	$76.39	$1.2M	—	—
URI, Sunbelt Rentals	0.01%	New	18,178	$62.64	$1.1M	+18,178	+$1.1M
NSRGY, Nestle SA-REG	0.01%	Hold	11,130	$97.59	$1.1M	—	—
FULT, Fulton Financial	0.01%	Reduce −9.5%	48,950	$20.34	$996K	−5,150	−$50K
KO, Coca-Cola	0.01%	Reduce −4.5%	13,025	$76.05	$991K	−615	+$37K
JBTM, JBT Marel	0.01%	Hold	7,250	$127.87	$927K	—	—
YETI, Yeti Holdings	0.01%	Hold	24,000	$36.59	$878K	—	—
FBLA, FB Bancorp	0.01%	Hold	50,000	$13.74	$687K	—	—
LAMR, Lamar Advertising Co-A	0.01%	Reduce −10.1%	5,368	$126.66	$680K	−606	−$76K
Zalando	0.01%	Hold	28,000	$23.68	$663K	—	—
HRI, Herc	0.01%	Hold	6,450	$99.55	$642K	—	—
WFC, Wells Fargo	0.01%	Reduce −6.5%	7,450	$79.61	$593K	−514	−$149K
SWZ	0.01%	Reduce −33.2%	97,667	$5.93	$579K	−48,617	−$331K
ORCL, Oracle	0.01%	Add +3.6%	3,600	$147.11	$530K	+125	−$148K
CVX, Chevron	0.01%	Reduce −7.5%	2,470	$206.90	$511K	−200	+$104K
GNRC, Generac	0.01%	Hold	2,250	$195.33	$439K	—	—
HRL, Hormel Foods	0.01%	Reduce −4.2%	19,000	$22.65	$430K	−835	−$40K
LT Group	0.01%	Hold	1,775,000	$0.2413	$428K	—	—
OUT, Outfront Media	0.00%	Reduce −13.3%	13,588	$26.50	$360K	−2,089	−$18K
CAT, Caterpillar	0.00%	Reduce −18.2%	450	$708.46	$319K	−100	+$4K
JNJ, Johnson & Johnson	0.00%	Add +33.6%	1,304	$244.44	$319K	+328	+$117K
MCD, McDonald's	0.00%	Add +4.6%	947	$310.79	$294K	+42	+$18K
UNM, Unum Group	0.00%	Hold	3,800	$73.03	$278K	—	—
DIS, Disney	0.00%	Add +0.3%	2,517	$96.38	$243K	+7	−$43K
AMZN, Amazon	0.00%	Hold	1,040	$208.27	$217K	—	—
Hanjaya Mandala Sampoerna	0.00%	Hold	5,000,000	$0.0427	$213K	—	—
Cofide SPA	0.00%	Hold	251,250	$0.7800	$196K	—	—

Showing top 50 of 85 by value

Exits / last held

Gone since 2025 Q4, shown at their last reported size.

Stock	% of portfolio	Recent activity	Reported price*	Value	Share change	$ change
Ashtead Group	4.51%	Exit	$68.41	$418M	−6,111,758	−$418M
DEO, Diageo	0.03%	Exit	$21.57	$2.8M	−129,805	−$2.8M
H, Hyatt Hotels	0.02%	Exit	$160.35	$1.4M	−8,675	−$1.4M
PNC	0.01%	Exit	$208.80	$783K	−3,750	−$783K
IBM	—	Exit	$296.00	$222K	−750	−$222K

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