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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

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

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

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 Shares Reported price* Value Share change $ change
Ashtead Group 4.51% Exit 0 $68.41 $418M −6,111,758 −$418M
DEO, Diageo 0.03% Exit 0 $21.57 $2.8M −129,805 −$2.8M
H, Hyatt Hotels 0.02% Exit 0 $160.35 $1.4M −8,675 −$1.4M
PNC 0.01% Exit 0 $208.80 $783K −3,750 −$783K
IBM — Exit 0 $296.00 $222K −750 −$222K

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 2025 Q4. 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