Thomas Russo

Net selling

Gardner Russo & Quinn Llc — managed by Thomas Russo; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-06-30 (filed 2026-08-13) · Source: SEC EDGAR

Portfolio value$8.93B (+5%)

Holdings85 (−1)

Top holdingAlphabet Inc Cl C

Below band1

New

Added

Exited

By what price implies: 28 demand a demanding growth rate, 6 modest.

13F × valuation

Valuation posture

Of 25 valued US positions, 1 trade below a conservative value band (as of 2026-08-25):

Fulton Finl CorpFULT2% · below

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-06-30):

Compagnie Financiere RichemontCFRHF9% · 1
Heineken Holding NvHKHHF8% · 1
Nestle Sa Sponsored AdrNSRGY6% · 1
Eurofins ScientificERFSF4% · 2

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Alphabet Inc Cl CGOOG	$1.08B	—	37	3,048,077	12.1%	Core 8q
Berkshire Hathaway Inc Cl ABRK.A	$1.07B	—	17	1,432	12.0%	Core 8q
Philip Morris International InPM	$819.7M	—	11	4,530,846	9.2%	Core 8q
Mastercard Inc Cl AMA	$781.9M	—	21	1,522,395	8.8%	Core 8q
Compagnie Financiere RichemontCFRHF	$773.7M	—	1	3,345,346	8.7%	Core 8q
Heineken Holding NvHKHHF	$679.6M	—	1	8,905,683	7.6%	—
Nestle Sa Sponsored AdrNSRGY	$545.8M	—	1	5,314,898	6.1%	—
Berkshire Hathaway Inc Cl BBRK.B	$540.1M	—	27	1,079,364	6.1%	—
Sunbelt Rentals Holdings IncSUNB	$441.2M	—	11	5,897,825	4.9%	—
Netflix IncNFLX	$407.7M	—	12	5,710,088	4.6%	Adding 3q
Martin Marietta MaterialsMLM	$406.8M	—	5	705,367	4.6%	—
Uber Technologies IncUBER	$366.9M	—	15	5,084,015	4.1%	—
Eurofins ScientificERFSF	$320.9M	—	2	4,094,034	3.6%	Big new
Doordash Inc Cl ADASH	$218.9M	—	5	1,186,104	2.5%	Adding 3q
Pernod RicardPDRDF	$171.7M	—	1	2,351,360	1.9%	—
Comcast Corp New Cl ACMCSA	$53.9M	Below value· unconf.	17	2,193,660	0.6%	—
Brown-Forman Corp Cl ABF.A	$43.7M	—	3	1,597,815	0.5%	—
Visa Inc Cl AV	$29.9M	—	32	87,256	0.3%	—
Exxon Mobil CorpXOM	$24.8M	—	13	181,200	0.3%	—
Brown-Forman Corp Cl BBF.B	$17.0M	—	7	639,282	0.2%	—
Anheuser-Busch Inbev SaBUDFF	$14.2M	—	1	171,294	0.2%	—
Altria Group IncMO	$10.7M	—	7	148,603	0.1%	—
Crane CompanyCR	$9.8M	—	3	43,937	0.1%	—
Markel CorpMKL	$8.3M	—	6	4,265	0.1%	—
J.P. Morgan ChaseJPM	$8.1M	—	18	24,719	0.1%	—

Alphabet Inc Cl CGOOGCore 8q
Value$1.08BValuation—Holders37Weight12.1%
Berkshire Hathaway Inc Cl ABRK.ACore 8q
Value$1.07BValuation—Holders17Weight12.0%
Philip Morris International InPMCore 8q
Value$819.7MValuation—Holders11Weight9.2%
Mastercard Inc Cl AMACore 8q
Value$781.9MValuation—Holders21Weight8.8%
Compagnie Financiere RichemontCFRHFCore 8q
Value$773.7MValuation—Holders1Weight8.7%
Heineken Holding NvHKHHF—
Value$679.6MValuation—Holders1Weight7.6%
Nestle Sa Sponsored AdrNSRGY—
Value$545.8MValuation—Holders1Weight6.1%
Berkshire Hathaway Inc Cl BBRK.B—
Value$540.1MValuation—Holders27Weight6.1%
Sunbelt Rentals Holdings IncSUNB—
Value$441.2MValuation—Holders11Weight4.9%
Netflix IncNFLXAdding 3q
Value$407.7MValuation—Holders12Weight4.6%
Martin Marietta MaterialsMLM—
Value$406.8MValuation—Holders5Weight4.6%
Uber Technologies IncUBER—
Value$366.9MValuation—Holders15Weight4.1%
Eurofins ScientificERFSFBig new
Value$320.9MValuation—Holders2Weight3.6%
Doordash Inc Cl ADASHAdding 3q
Value$218.9MValuation—Holders5Weight2.5%
Pernod RicardPDRDF—
Value$171.7MValuation—Holders1Weight1.9%
Comcast Corp New Cl ACMCSA—
Value$53.9MValuationBelow value· unconf.Holders17Weight0.6%
Brown-Forman Corp Cl ABF.A—
Value$43.7MValuation—Holders3Weight0.5%
Visa Inc Cl AV—
Value$29.9MValuation—Holders32Weight0.3%
Exxon Mobil CorpXOM—
Value$24.8MValuation—Holders13Weight0.3%
Brown-Forman Corp Cl BBF.B—
Value$17.0MValuation—Holders7Weight0.2%
Anheuser-Busch Inbev SaBUDFF—
Value$14.2MValuation—Holders1Weight0.2%
Altria Group IncMO—
Value$10.7MValuation—Holders7Weight0.1%
Crane CompanyCR—
Value$9.8MValuation—Holders3Weight0.1%
Markel CorpMKL—
Value$8.3MValuation—Holders6Weight0.1%
J.P. Morgan ChaseJPM—
Value$8.1MValuation—Holders18Weight0.1%

Showing top 25 of 85 positions

Exited this quarter (2)Exxon Mobil Corp、Generac Holdings Inc

What is a superinvestor

About this investor

Portfolio overview

Gardner Russo & Quinn Llc's most recent 13F filing, for the quarter ended 2026-06-30, reports 85 positions worth $8.93B. The top 5 holdings represent 51% of that value, a moderately concentrated portfolio.

The single largest position is Alphabet Inc Cl C at 12.1% of the portfolio, followed by Berkshire Hathaway Inc Cl A at 12.0% and Philip Morris International In at 9.2%.

Against the prior quarter, Thomas Russo opened 1 new position, exited 2, added to 10, and trimmed 42. The largest new buy was Exxon Mobil Corp. The most notable sale was the full exit from Exxon Mobil Corp.

Across all 8 quarters on file, Alphabet Inc Cl C has appeared in every filing, as has Berkshire Hathaway Inc Cl A. Alphabet Inc Cl C currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

Thomas Russo has no positions in the strike zone right now. Browse the whole market by value band

Sources· SEC EDGAR 13F as of 2026-06-30 · filed 2026-08-13

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