Q2 2026 · SEC CIK 0000860643

Thomas Russo portfolio

SuperinvestorAsset managerGardner Russo & Quinn LLC filed on 2026-08-13. Open SEC filings ↗

Reported 13F value: $8.9B
Reported positions: 85
Eligible equities: 53
Holdings vs S&P 500, 3 years: -8.1 pts

Average holding period of the top positions: 11.3 yrs. Holdings vs the S&P 500 over 1 and 5 years: -10.5 pts, -4.4 pts.

In its Q2 2026 13F, filed 2026-08-13, Gardner Russo & Quinn LLC reported 85 positions worth $8.9B. Its largest holdings were Alphabet Inc Cl C (GOOG, 12.1%), Berkshire Hathaway Inc Cl A (BRK-A, 12.0%), Philip Morris International In (PM, 9.2%). Over the last 3 years its top holdings ran 8.1 points a year behind the S&P 500.

Reported holdings in the Q2 2026 snapshot.

The portfolio weight uses the full reported share-portfolio denominator. Weight changes compare Q1 2026 to Q2 2026; price moves also change weights, so these are not trade labels. “New” means the position was not in the previous 13F at all; “—” marks a small position the earlier filing data does not cover.

Thomas Russo eligible holdings
Stock	% of reported portfolio	Prior quarter	Weight change	Reported shares	Reported value
GOOGAlphabet Inc Cl C	12.1%	11.3%	+0.75 pp	3,048,077	$1.1B
BRK-ABerkshire Hathaway Inc Cl A	12.0%	12.3%	-0.33 pp	1,432	$1.1B
PMPhilip Morris International In	9.2%	9.0%	+0.22 pp	4,530,846	$819.7M
MAMastercard Inc Cl A	8.8%	9.1%	-0.39 pp	1,522,395	$781.9M
BRK-BBerkshire Hathaway Inc Cl B	6.1%	6.3%	-0.21 pp	1,079,364	$540.1M
SUNBSunbelt Rentals Holdings Inc	4.9%	4.6%	+0.31 pp	5,897,825	$441.2M
NFLXNetflix Inc	4.6%	6.3%	-1.78 pp	5,710,088	$407.7M
MLMMartin Marietta Materials	4.6%	5.0%	-0.40 pp	705,367	$406.8M
UBERUber Technologies Inc	4.1%	4.4%	-0.27 pp	5,084,015	$366.9M
DASHDoordash Inc Cl A	2.5%	1.8%	+0.68 pp	1,186,104	$218.9M
CMCSAComcast Corp New Cl A	0.6%	0.8%	-0.16 pp	2,193,660	$53.9M
BF-ABrown-Forman Corp Cl A	0.5%	0.5%	-0.03 pp	1,597,815	$43.7M
VVisa Inc Cl A	0.3%	0.3%	+0.00 pp	87,256	$29.9M
XOMExxon Mobil Corp	0.3%	—	—	181,200	$24.8M
BF-BBrown-Forman Corp Cl B	0.2%	0.2%	-0.01 pp	639,282	$17.0M
MOAltria Group Inc	0.1%	0.1%	-0.01 pp	148,603	$10.7M
CRCrane Company	0.1%	0.1%	+0.02 pp	43,937	$9.8M
MKLMarkel Corp	0.1%	0.1%	-0.02 pp	4,265	$8.3M
JPMJ.P. Morgan Chase	0.1%	0.5%	-0.42 pp	24,719	$8.1M
UNPUnion Pac Corp	0.1%	0.1%	+0.00 pp	25,841	$7.0M
DOVDover Corp	0.0%	0.0%	+0.00 pp	18,851	$4.2M
GOOGLAlphabet Inc Cl A	0.0%	0.0%	+0.00 pp	11,114	$4.0M
COSTCostco Whsl Corp	0.0%	0.1%	-0.02 pp	3,399	$3.2M
ABBVAbbVie Inc	0.0%	0.0%	+0.00 pp	12,410	$3.1M
WRBYWarby Parker Inc Cl A	0.0%	0.0%	+0.01 pp	80,000	$2.4M
VMCVulcan Materials	0.0%	0.0%	+0.00 pp	7,263	$2.1M
LEVILevi Strauss & Co Cl A	0.0%	0.0%	+0.01 pp	83,725	$2.1M
MKCMcCormick Inc	0.0%	0.0%	-0.00 pp	37,981	$1.9M
AXPAmerican Express	0.0%	0.0%	-0.00 pp	5,125	$1.7M
MSFTMicrosoft Corp	0.0%	0.0%	+0.00 pp	3,584	$1.3M
AAPLApple Inc	0.0%	0.0%	+0.00 pp	4,601	$1.3M
PEPPepsico Inc	0.0%	0.0%	-0.00 pp	9,115	$1.2M
YETIYeti Holdings Inc	0.0%	0.0%	+0.00 pp	24,000	$1.2M
FULTFulton Finl Corp	0.0%	0.0%	+0.00 pp	44,250	$1.1M
ABTAbbott Labs	0.0%	0.0%	-0.00 pp	11,510	$1.0M
KOCoca-Cola	0.0%	0.0%	-0.00 pp	12,350	$1.0M
PGProcter & Gamble	0.0%	0.0%	-0.01 pp	6,554	$961K
WMTWal Mart Stores Inc	0.0%	0.0%	-0.00 pp	8,465	$959K
HRIHerc Holdings Inc	0.0%	0.0%	+0.00 pp	6,450	$925K
LAMRLamar Advertising Co-A	0.0%	0.0%	+0.00 pp	5,368	$837K
FBLAFB Bancorp Inc	0.0%	0.0%	+0.00 pp	50,000	$753K
WFCWells Fargo	0.0%	0.0%	+0.00 pp	7,451	$616K
HRLHormel Foods Corp	0.0%	0.0%	+0.00 pp	18,500	$459K
OUTOutfront Media Inc	0.0%	0.0%	+0.00 pp	13,588	$445K
CVXChevron Corp	0.0%	0.0%	-0.00 pp	2,470	$409K
ORCLOracle Corp	0.0%	0.0%	-0.00 pp	2,715	$398K
UNMUnum Group	0.0%	0.0%	+0.00 pp	3,485	$312K
JNJJohnson & Johnson	0.0%	0.0%	-0.00 pp	1,112	$282K
CATCaterpillar Inc	0.0%	0.0%	-0.00 pp	265	$282K
MCDMcDonalds Corp	0.0%	0.0%	+0.00 pp	947	$256K
DISDisney Walt Productions	0.0%	0.0%	+0.00 pp	2,492	$240K
AMZNAmazon.com Inc	0.0%	0.0%	-0.00 pp	936	$223K
MRKMerck Inc	0.0%	0.0%	-0.00 pp	1,642	$211K

What Thomas Russo bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

ERFSF Eurofins Scientific+32.2% shares
DASH Doordash Inc+18.5% shares
DELHF De'Longhi+9.5% shares
AKBLF ALK Abello A/S+6.0% shares

Reduced

JPM Jpmorgan Chase & Co-83.4% shares
COST Costco Whsl Corp New-26.5% shares
AXP American Express Co Com-21.0% shares
MKL Markel Group Inc-13.9% shares
MO Altria Group Inc-9.6% shares
GOOG Alphabet Inc-9.0% shares
V Visa Inc Com Cl A-7.0% shares
BUDFF Anheuser-Busch InBev SA-6.9% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +8.6% /yr; S&P 500 +20.1%
3 years: +11.4% /yr; S&P 500 +20.4%
5 years: +7.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Questions about Thomas Russo's portfolio

What stocks does Thomas Russo own?

Gardner Russo & Quinn LLC's latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 85 positions worth $8.9B. The largest are Alphabet Inc (GOOG) at 12.1%, Berkshire Hathaway Inc Del (BRK-A) at 12.0%, Philip Morris Intl Inc Com (PM) at 9.2%, Mastercard Inc. (MA) at 8.8% and Compagnie Financiere Richemont (CFRHF) at 8.7%.

What did Thomas Russo buy last quarter?

In Q2 2026, Gardner Russo & Quinn LLC added Eurofins Scientific (ERFSF) (+32.2% shares), Doordash Inc (DASH) (+18.5% shares) and De'Longhi (DELHF) (+9.5% shares), compared with its Q1 2026 filing.

What did Thomas Russo sell last quarter?

In Q2 2026, Gardner Russo & Quinn LLC cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Pepsico Inc (PEP), cut from its top 50 Davide Campari-Milano NV (DVDCF), cut from its top 50 Kalmar Oyj B, cut from its top 50 Procter & Gamble Co Com (PG), Jpmorgan Chase & Co (JPM) (-83.4% shares), Costco Whsl Corp New (COST) (-26.5% shares) and American Express Co Com (AXP) (-21.0% shares), compared with its Q1 2026 filing.

How has Thomas Russo's portfolio performed?

A portfolio copying Gardner Russo & Quinn LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +11.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +8.6% against +20.1%. Over 5 years: +7.0% a year against +11.6%.

When is Gardner Russo & Quinn LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Gardner Russo & Quinn LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Gardner Russo & Quinn LLC manage?

Gardner Russo & Quinn LLC reported $9.4B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $8.9B.