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Tom Russo - Gardner Russo & Quinn
Tom Russo, a partner at Gardner Russo & Quinn, is a long-term value investor known for backing global consumer-brand companies with strong family ownership and "the capacity to suffer" — investing for the very long run.
Tom Russo - Gardner Russo & Quinn manages a $8B U.S. equity portfolio of 86 positions, based on the latest SEC Form 13F-HR filing (Q1 2026). Below you'll find every holding, the biggest quarter-over-quarter buys and sells, position weights, and an estimated average buy price.
Portfolio Value
$8B
Positions
86
Top 10 Weight
80.29%
Largest Position
12.34%
As of
Q1 2026
Filed
May 13, 2026
Portfolio Composition
BERKSHIRE HATHAWAY INC DEL12.34%ALPHABET INC11.31%MASTERCARD INC9.15%Philip Morris Intl Inc8.96%Heineken Holding NV7.57%
Strategy Snapshot
- › Portfolio value fell 8.3% quarter-over-quarter to $8B.
- › Highly concentrated portfolio — the top 10 holdings make up 80.3% of assets.
- › This quarter: 4 new buys, 21 adds, 39 trims, 5 full exits — net seller
- › Biggest new buy: SUNBELT RENTALS HOLDINGS INC (SUNB) ($393M)
- › Biggest exit: Ashtead Group PLC ($418M position closed)
Changes since Q4 2025
New Buys
Added To / Trimmed
- ALPHABET INC (GOOG)−14.8%
- JPMORGAN CHASE & CO (JPM)−71.9%
- NETFLIX INC. (NFLX)++12.1%
- BERKSHIRE HATHAWAY INC DEL (BRK-A)−1.9%
- MASTERCARD INC (MA)−1.9%
- Philip Morris Intl Inc (PM)−2.0%
- Nestle SA Sponsored ADR (NSRGY)−2.4%
- Doordash Inc (DASH)++7.6%
- Compagnie Financiere Richemont−1.6%
- BERKSHIRE HATHAWAY INC DEL (BRK-B)−1.3%
Current Holdings
| # | Security | Value | % of Portfolio | Avg Buy Price | Price | Gain | vs 52W High | This Qtr | Last Activity | First Buy |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL BRK-A | $1B | 12.34% | ~$612241.00 | $737300.00 | +20.4% | −4.9% | −1.9% | Sold Q1 2026 | Q2 2024 |
| 2 | ALPHABET INC GOOG | $961M | 11.31% | ~$183.42 | $362.10 | +97.4% | −10.5% | −14.8% | Sold Q1 2026 | Q2 2024 |
| 3 | MASTERCARD INC MA | $777M | 9.15% | ~$441.16 | $492.99 | +11.7% | −18.1% | −1.9% | Sold Q1 2026 | Q2 2024 |
| 4 | Philip Morris Intl Inc PM | $761M | 8.96% | ~$101.77 | $179.44 | +76.3% | −7.0% | −2.0% | Sold Q1 2026 | Q2 2024 |
| 5 | Heineken Holding NV | $643M | 7.57% | ~$77.57 | — | — | — | −1.1% | Sold Q1 2026 | Q2 2024 |
| 6 | Compagnie Financiere Richemont | $594M | 7.00% | ~$156.08 | — | — | — | −1.6% | Sold Q1 2026 | Q2 2024 |
| 7 | Nestle SA Sponsored ADR NSRGY | $543M | 6.39% | ~$102.45 | $98.25 | −4.1% | −10.3% | −2.4% | Sold Q1 2026 | Q2 2024 |
| 8 | NETFLIX INC. NFLX | $539M | 6.35% | ~$147.30 | $76.96 | −47.8% | −42.6% | +12.1% | Bought Q1 2026 | Q2 2024 |
| 9 | BERKSHIRE HATHAWAY INC DEL BRK-B | $532M | 6.26% | ~$407.36 | $491.28 | +20.6% | −4.9% | −1.3% | Sold Q1 2026 | Q2 2024 |
| 10 | MARTIN MARIETTA MATLS INC MLM | $421M | 4.96% | ~$545.54 | $591.08 | +8.3% | −16.9% | −1.5% | Sold Q1 2026 | Q2 2024 |
| 11 | SUNBELT RENTALS HOLDINGS INC SUNB | $393M | 4.63% | ~$65.09 | $81.53 | +25.3% | −5.1% | NEW | Bought Q1 2026 | Q1 2026 |
| 12 | UBER TECHNOLOGIES INC UBER | $372M | 4.38% | ~$74.48 | $70.91 | −4.8% | −30.5% | +0.6% | Bought Q1 2026 | Q2 2024 |
| 13 | Eurofins Scientific | $223M | 2.63% | ~$72.20 | — | — | — | NEW | Bought Q1 2026 | Q1 2026 |
| 14 | Pernod Ricard | $183M | 2.16% | ~$135.79 | — | — | — | −2.9% | Sold Q1 2026 | Q2 2024 |
| 15 | Doordash Inc DASH | $150M | 1.77% | ~$143.75 | $165.66 | +15.2% | −42.0% | +7.6% | Bought Q1 2026 | Q2 2024 |
| 16 | COMCAST CORP NEW CMCSA | $64M | 0.76% | ~$39.16 | $22.69 | −42.1% | −34.0% | −2.0% | Sold Q1 2026 | Q2 2024 |
| 17 | BROWN FORMAN CORP BF-A | $44M | 0.52% | ~$44.13 | $25.52 | −42.2% | −19.3% | −1.2% | Sold Q1 2026 | Q2 2024 |
| 18 | JPMORGAN CHASE & CO JPM | $43M | 0.52% | ~$202.26 | $333.46 | +64.9% | −1.3% | −71.9% | Sold Q1 2026 | Q2 2024 |
| 19 | EXXON MOBIL CORP XOM | $32M | 0.39% | ~$115.43 | $140.74 | +21.9% | −20.2% | +0.5% | Bought Q1 2026 | Q2 2024 |
| 20 | VISA INC V | $28M | 0.33% | ~$262.47 | $330.38 | +25.9% | −8.1% | −13.8% | Sold Q1 2026 | Q2 2024 |
| 21 | BROWN FORMAN CORP BF-B | $17M | 0.21% | ~$43.19 | $25.51 | −40.9% | −20.1% | −6.8% | Sold Q1 2026 | Q2 2024 |
| 22 | Anheuser-Busch InBev SA | $12M | 0.15% | ~$58.00 | — | — | — | −30.7% | Sold Q1 2026 | Q2 2024 |
| 23 | ALTRIA GROUP INC MO | $10M | 0.13% | ~$45.60 | $68.95 | +51.2% | −7.5% | −0.2% | Sold Q1 2026 | Q2 2024 |
| 24 | Markel Group, Inc MKL | $9M | 0.11% | ~$1575.66 | $1868.43 | +18.6% | −15.4% | −21.1% | Sold Q1 2026 | Q2 2024 |
| 25 | CRANE COMPANY CR | $7M | 0.09% | ~$144.98 | $209.15 | +44.3% | −2.4% | −14.3% | Sold Q1 2026 | Q2 2024 |
| 26 | UNION PAC CORP UNP | $6M | 0.08% | ~$228.04 | $258.05 | +13.2% | −7.7% | +10.6% | Bought Q1 2026 | Q2 2024 |
| 27 | COSTCO WHSL CORP NEW COST | $4M | 0.05% | ~$850.01 | $965.59 | +13.6% | −11.9% | UNCH | Sold Q3 2025 | Q2 2024 |
| 28 | DOVER CORP DOV | $3M | 0.05% | ~$180.45 | $220.79 | +22.4% | −7.1% | −2.0% | Sold Q1 2026 | Q2 2024 |
| 29 | ALPHABET INC GOOGL | $3M | 0.04% | ~$182.05 | $363.79 | +99.8% | −11.0% | −22.2% | Sold Q1 2026 | Q2 2024 |
| 30 | ABBVIE INC ABBV | $2M | 0.03% | ~$171.52 | $221.23 | +29.0% | −9.6% | UNCH | Sold Q4 2024 | Q2 2024 |
| 31 | Lindt & Spruengli AG - Reg | $2M | 0.03% | ~$115513.00 | — | — | — | UNCH | Sold Q2 2025 | Q2 2024 |
| 32 | VULCAN MATLS CO VMC | $1M | 0.02% | ~$248.68 | $294.82 | +18.6% | −11.0% | −8.2% | Sold Q1 2026 | Q2 2024 |
| 33 | AMERICAN EXPRESS CO AXP | $1M | 0.02% | ~$231.55 | $340.54 | +47.1% | −12.1% | −46.7% | Sold Q1 2026 | Q2 2024 |
| 34 | MCCORMICK & CO INC MKC | $1M | 0.02% | ~$70.94 | $46.49 | −34.5% | −40.5% | −5.1% | Sold Q1 2026 | Q2 2024 |
| 35 | Konecranes | $1M | 0.02% | ~$43.20 | — | — | — | +184.6% | Bought Q1 2026 | Q1 2025 |
| 36 | WARBY PARKER INC WRBY | $1M | 0.02% | ~$19.58 | $24.22 | +23.7% | −21.9% | +23.1% | Bought Q1 2026 | Q1 2025 |
| 37 | Fielmann | $1M | 0.02% | ~$47.81 | — | — | — | +28.4% | Bought Q1 2026 | Q1 2025 |
| 38 | SSP Group | $1M | 0.02% | ~$2.02 | — | — | — | +6.1% | Bought Q1 2026 | Q1 2025 |
| 39 | Fluidra | $1M | 0.02% | ~$23.68 | — | — | — | +18.6% | Bought Q1 2026 | Q1 2025 |
| 40 | Rational AG | $1M | 0.02% | ~$765.28 | — | — | — | +125.6% | Bought Q1 2026 | Q1 2025 |
| 41 | ALK Abello A/S | $1M | 0.02% | ~$34.52 | — | — | — | +42.9% | Bought Q1 2026 | Q4 2025 |
| 42 | LEVI STRAUSS & CO NEW LEVI | $1M | 0.02% | ~$16.82 | $23.39 | +39.1% | −5.8% | +73.3% | Bought Q1 2026 | Q1 2025 |
| 43 | Loreal SA | $1M | 0.02% | ~$439.47 | — | — | — | UNCH | Sold Q4 2025 | Q2 2024 |
| 44 | PEPSICO INC PEP | $1M | 0.02% | ~$164.92 | $141.59 | −14.1% | −17.4% | −6.0% | Sold Q1 2026 | Q2 2024 |
| 45 | Davide Campari-Milano NV | $1M | 0.02% | ~$9.04 | — | — | — | −16.6% | Sold Q1 2026 | Q2 2024 |
| 46 | Kalmar Oyj B | $1M | 0.02% | ~$41.95 | — | — | — | +12.5% | Bought Q1 2026 | Q3 2025 |
| 47 | De'Longhi | $1M | 0.02% | ~$33.06 | — | — | — | +10.6% | Bought Q1 2026 | Q1 2025 |
| 48 | PROCTER & GAMBLE CO PG | $1M | 0.02% | ~$163.06 | $150.56 | −7.7% | −10.0% | −22.8% | Sold Q1 2026 | Q2 2024 |
| 49 | Puig Brands | $1M | 0.02% | ~$17.00 | — | — | — | UNCH | Bought Q1 2025 | Q1 2025 |
| 50 | MICROSOFT CORP MSFT | $1M | 0.02% | ~$448.93 | $378.91 | −15.6% | −31.8% | −4.3% | Sold Q1 2026 | Q2 2024 |
| 51 | Lotus Bakeries | $1M | 0.02% | ~$8868.44 | — | — | — | UNCH | Sold Q2 2025 | Q1 2025 |
| 52 | Demant A/S | $1M | 0.01% | ~$33.62 | — | — | — | UNCH | Bought Q2 2025 | Q1 2025 |
| 53 | Carlsberg B A/S | $1M | 0.01% | ~$126.96 | — | — | — | −57.2% | Sold Q1 2026 | Q2 2024 |
| 54 | Electrolux Professional | $1M | 0.01% | ~$6.12 | — | — | — | +15.0% | Bought Q1 2026 | Q1 2025 |
| 55 | WALMART INC WMT | $1M | 0.01% | ~$67.71 | $118.13 | +74.5% | −12.6% | −4.2% | Sold Q1 2026 | Q2 2024 |
| 56 | APPLE INC AAPL | $1M | 0.01% | ~$211.32 | $295.95 | +40.0% | −6.8% | +1.6% | Bought Q1 2026 | Q2 2024 |
| 57 | ABBOTT LABS ABT | $1M | 0.01% | ~$103.91 | $88.50 | −14.8% | −36.4% | UNCH | Bought Q2 2024 | Q2 2024 |
| 58 | H&M | $1M | 0.01% | ~$13.13 | — | — | — | UNCH | Sold Q2 2025 | Q1 2025 |
| 59 | Heineken NV | $1M | 0.01% | ~$96.78 | — | — | — | UNCH | Sold Q4 2024 | Q2 2024 |
| 60 | Sunbelt Rentals Holdings ORD | $1M | 0.01% | ~$62.64 | — | — | — | NEW | Bought Q1 2026 | Q1 2026 |
| 61 | Nestle SA-REG | $1M | 0.01% | ~$101.99 | — | — | — | UNCH | Sold Q4 2025 | Q2 2024 |
| 62 | FULTON FINL CORP PA FULT | $995K | 0.01% | ~$16.98 | $22.69 | +33.6% | −4.1% | −9.5% | Sold Q1 2026 | Q2 2024 |
| 63 | COCA COLA CO KO | $990K | 0.01% | ~$63.65 | $79.93 | +25.6% | −4.9% | −4.5% | Sold Q1 2026 | Q2 2024 |
| 64 | JBT MAREL CORPORATION JBTM | $927K | 0.01% | ~$122.20 | $129.50 | +6.0% | −23.9% | UNCH | Bought Q1 2025 | Q1 2025 |
| 65 | YETI HLDGS INC YETI | $878K | 0.01% | ~$33.10 | $47.24 | +42.7% | −9.0% | UNCH | Sold Q2 2025 | Q1 2025 |
| 66 | FB BANCORP INC FBLA | $687K | 0.01% | ~$11.92 | $14.43 | +21.1% | −1.7% | UNCH | Sold Q3 2025 | Q4 2024 |
| 67 | LAMAR ADVERTISING CO NEW LAMR | $679K | 0.01% | ~$119.53 | $149.10 | +24.7% | −6.0% | −10.1% | Sold Q1 2026 | Q2 2024 |
| 68 | Zalando SE | $662K | 0.01% | ~$32.65 | — | — | — | UNCH | Bought Q3 2025 | Q2 2025 |
| 69 | HERC HLDGS INC HRI | $642K | 0.01% | ~$134.27 | $145.09 | +8.1% | −23.0% | UNCH | Sold Q3 2025 | Q1 2025 |
| 70 | Wells Fargo Co New WFC | $593K | 0.01% | ~$59.39 | $83.81 | +41.1% | −14.3% | −6.5% | Sold Q1 2026 | Q2 2024 |
| 71 | TOTAL RETURN SECURITIES FUND SWZ | $579K | 0.01% | ~$7.52 | $5.91 | −21.4% | −8.1% | −33.2% | Sold Q1 2026 | Q2 2024 |
| 72 | ORACLE CORP ORCL | $529K | 0.01% | ~$141.41 | $183.53 | +29.8% | −46.9% | +3.6% | Bought Q1 2026 | Q2 2024 |
| 73 | CHEVRON CORP NEW CVX | $511K | 0.01% | ~$156.39 | $177.58 | +13.5% | −17.3% | −7.5% | Sold Q1 2026 | Q2 2024 |
| 74 | GENERAC HLDGS INC GNRC | $439K | 0.01% | ~$126.65 | $268.20 | +111.8% | −8.8% | UNCH | Sold Q3 2025 | Q1 2025 |
| 75 | HORMEL FOODS CORP HRL | $430K | 0.01% | ~$30.49 | $24.33 | −20.2% | −23.6% | −4.2% | Sold Q1 2026 | Q2 2024 |
| 76 | LT Group Inc | $428K | 0.01% | ~$0.17 | — | — | — | UNCH | Bought Q2 2024 | Q2 2024 |
| 77 | OUTFRONT MEDIA INC OUT | $360K | 0.00% | ~$17.74 | $31.13 | +75.5% | −11.0% | −13.3% | Sold Q1 2026 | Q4 2024 |
| 78 | CATERPILLAR INC CAT | $318K | 0.00% | ~$477.15 | $955.92 | +100.3% | −2.0% | −18.2% | Sold Q1 2026 | Q3 2025 |
| 79 | JOHNSON & JOHNSON JNJ | $318K | 0.00% | ~$216.38 | $234.20 | +8.2% | −7.0% | +33.6% | Bought Q1 2026 | Q4 2025 |
| 80 | MCDONALDS CORP MCD | $294K | 0.00% | ~$268.05 | $283.82 | +5.9% | −17.0% | +4.6% | Bought Q1 2026 | Q2 2024 |
| 81 | UNUM GROUP UNM | $277K | 0.00% | ~$51.11 | $91.62 | +79.3% | −1.7% | UNCH | Sold Q3 2024 | Q2 2024 |
| 82 | MERCK & CO INC MRK | $257K | 0.00% | ~$120.29 | $115.44 | −4.0% | −7.8% | NEW | Bought Q1 2026 | Q2 2024 |
| 83 | DISNEY WALT CO DIS | $242K | 0.00% | ~$99.27 | $100.86 | +1.6% | −19.1% | +0.3% | Bought Q1 2026 | Q2 2024 |
| 84 | AMAZON COM INC AMZN | $216K | 0.00% | ~$230.82 | $237.50 | +2.9% | −14.7% | UNCH | Bought Q4 2025 | Q4 2025 |
| 85 | Hanjaya Mandala Sampoerna | $213K | 0.00% | ~$0.04 | — | — | — | UNCH | Bought Q2 2024 | Q2 2024 |
| 86 | Cofide SPA | $195K | 0.00% | ~$0.62 | — | — | — | UNCH | Bought Q4 2024 | Q4 2024 |
Filing History
| Period | Portfolio Value | QoQ Change | Positions | Filed |
|---|---|---|---|---|
| Q1 2026 | $8B | −8.3% | 86 | May 13, 2026 |
| Q4 2025 | $9B | −0.7% | 87 | Feb 12, 2026 |
| Q3 2025 | $9B | −0.9% | 85 | Nov 12, 2025 |
| Q2 2025 | $9B | +5.5% | 85 | Aug 13, 2025 |
| Q1 2025 | $8B | +0.8% | 86 | May 13, 2025 |
| Q4 2024 | $8B | −9.2% | 68 | Feb 12, 2025 |
| Q3 2024 | $9B | +2.9% | 77 | Nov 13, 2024 |
| Q2 2024 | $9B | — | 77 | Aug 13, 2024 |
Frequently Asked Questions
What stocks does Tom Russo - Gardner Russo & Quinn own?
As of Q1 2026, Tom Russo - Gardner Russo & Quinn held 86 U.S.-listed positions worth $8B. The largest is BERKSHIRE HATHAWAY INC DEL (BRK-A) (12.34% of the portfolio). The full holdings list is in the table above.
What is Tom Russo - Gardner Russo & Quinn's largest holding?
BERKSHIRE HATHAWAY INC DEL (BRK-A) — about 12.34% of the equity portfolio as of Q1 2026.
What did Tom Russo - Gardner Russo & Quinn buy recently?
Their biggest new position last quarter was SUNBELT RENTALS HOLDINGS INC (SUNB) ($393M).
Do these holdings reflect Tom Russo - Gardner Russo & Quinn's current portfolio?
They reflect the latest 13F filing (Q1 2026), which can lag actual trades by up to 45 days and excludes short positions, cash, and non-U.S. holdings.