Gardner Russo & Quinn (Russo)
Tier 2 · solid recordGraham/global value
~11.3% net CAGR 1990–2024, +0.9pp (private, modest edge).
Positions
86
as of Q1 2026
Top-5 concentration
49%
of equity portfolio
Latest filing
Q1 2026
13F report date
Reported holdings long US equity, by weight
| Ticker | Sector | Weight | Value | Change |
|---|---|---|---|---|
| BRK/A Berkshire Hathaway Inc Cl A | — | 12.3% | $1.05B | TRIM |
| GOOG Alphabet Inc Cl C | Information Technology | 11.3% | $961M | TRIM |
| MA Mastercard Inc Cl A | Industrials | 9.1% | $777M | TRIM |
| PM Philip Morris International In | Consumer Staples | 9.0% | $761M | TRIM |
| — Heineken Holding NV | — | 7.6% | $643M | TRIM |
| — Compagnie Financiere Richemont | — | 7.0% | $594M | TRIM |
| NSRGY Nestle SA Sponsored ADR | — | 6.4% | $543M | TRIM |
| NFLX Netflix Inc | Communication Services | 6.3% | $539M | ADD |
| BRK/B Berkshire Hathaway Inc Cl B | — | 6.3% | $532M | TRIM |
| MLM Martin Marietta Materials | Materials | 5.0% | $421M | TRIM |
| SUNB Sunbelt Rentals Holdings Inc | Industrials | 4.6% | $394M | NEW |
| UBER Uber Technologies Inc | Industrials | 4.4% | $372M | ADD |
| — Eurofins Scientific | — | 2.6% | $224M | NEW |
| — Pernod Ricard | — | 2.2% | $183M | TRIM |
| DASH Doordash Inc Cl A | Industrials | 1.8% | $150M | ADD |
| CMCSA Comcast Corp New Cl A | Communication Services | 0.8% | $65M | TRIM |
| BF/A Brown-Forman Corp Cl A | — | 0.5% | $44M | TRIM |
| JPM J.P. Morgan Chase | Financials | 0.5% | $44M | TRIM |
| XOM Exxon Mobil Corp | Energy | 0.4% | $33M | HOLD |
| V Visa Inc Cl A | Industrials | 0.3% | $28M | TRIM |
| BF/B Brown-Forman Corp Cl B | — | 0.2% | $17M | TRIM |
| — Anheuser-Busch InBev SA | — | 0.1% | $13M | TRIM |
| MO Altria Group Inc | Consumer Staples | 0.1% | $11M | HOLD |
| MKL Markel Corp | Financials | 0.1% | $9M | TRIM |
| CR Crane Company | Industrials | 0.1% | $8M | TRIM |
| UNP Union Pac Corp | Industrials | 0.1% | $7M | ADD |
| COST Costco Whsl Corp | Consumer Discretionary | 0.1% | $5M | HOLD |
| DOV Dover Corp | Industrials | 0.0% | $4M | TRIM |
| GOOGL Alphabet Inc Cl A | Information Technology | 0.0% | $3M | TRIM |
| ABBV AbbVie Inc | Health Care | 0.0% | $3M | HOLD |
| — Lindt & Spruengli AG - Reg | — | 0.0% | $2M | HOLD |
| VMC Vulcan Materials | Materials | 0.0% | $2M | TRIM |
| AXP American Express | Financials | 0.0% | $2M | TRIM |
| MKC McCormick Inc | Consumer Staples | 0.0% | $2M | TRIM |
| — Konecranes | — | 0.0% | $2M | ADD |
| WRBY Warby Parker Inc Cl A | Health Care | 0.0% | $2M | ADD |
| — Fielmann | — | 0.0% | $2M | ADD |
| — SSP Group | — | 0.0% | $2M | ADD |
| — Fluidra | — | 0.0% | $2M | ADD |
| — Rational AG | — | 0.0% | $2M | ADD |
| — ALK Abello A/S | — | 0.0% | $2M | ADD |
| LEVI Levi Strauss & Co Cl A | Industrials | 0.0% | $2M | ADD |
| — Loreal SA | — | 0.0% | $1M | HOLD |
| PEP Pepsico Inc | Consumer Staples | 0.0% | $1M | TRIM |
| — Davide Campari-Milano NV | — | 0.0% | $1M | TRIM |
| — Kalmar Oyj B | — | 0.0% | $1M | ADD |
| — De'Longhi | — | 0.0% | $1M | ADD |
| PG Procter & Gamble | Materials | 0.0% | $1M | TRIM |
| — Puig Brands | — | 0.0% | $1M | HOLD |
| MSFT Microsoft Corp | Information Technology | 0.0% | $1M | TRIM |
| — Lotus Bakeries | — | 0.0% | $1M | HOLD |
| — Demant A/S | — | 0.0% | $1M | HOLD |
| — Carlsberg B A/S | — | 0.0% | $1M | TRIM |
| — Electrolux Professional | — | 0.0% | $1M | ADD |
| WMT Wal Mart Stores Inc | Consumer Discretionary | 0.0% | $1M | TRIM |
| AAPL Apple Inc | Information Technology | 0.0% | $1M | ADD |
| ABT Abbott Labs | Health Care | 0.0% | $1M | HOLD |
| — H&M | — | 0.0% | $1M | HOLD |
| — Heineken NV | — | 0.0% | $1M | HOLD |
| — Sunbelt Rentals Holdings ORD | — | 0.0% | $1M | NEW |
| — Nestle SA-REG | — | 0.0% | $1M | HOLD |
| FULT Fulton Finl Corp | Financials | 0.0% | $996K | TRIM |
| KO Coca-Cola | Consumer Staples | 0.0% | $991K | TRIM |
| JBTM JBT Marel Corp | Industrials | 0.0% | $927K | HOLD |
| YETI Yeti Holdings Inc | Industrials | 0.0% | $878K | HOLD |
| FBLA FB Bancorp Inc | Financials | 0.0% | $687K | HOLD |
| LAMR Lamar Advertising Co-A | Real Estate | 0.0% | $680K | TRIM |
| — Zalando SE | — | 0.0% | $663K | HOLD |
| HRI Herc Holdings Inc | Industrials | 0.0% | $642K | HOLD |
| WFC Wells Fargo | Financials | 0.0% | $593K | TRIM |
| SWZ Total Return Securities Fund | — | 0.0% | $579K | TRIM |
| ORCL Oracle Corp | Information Technology | 0.0% | $530K | ADD |
| CVX Chevron Corp | Energy | 0.0% | $511K | TRIM |
| GNRC Generac Holdings Inc | Information Technology | 0.0% | $439K | HOLD |
| HRL Hormel Foods Corp | Consumer Staples | 0.0% | $430K | TRIM |
| — LT Group Inc | — | 0.0% | $428K | HOLD |
| OUT Outfront Media Inc | Real Estate | 0.0% | $360K | TRIM |
| CAT Caterpillar Inc | Industrials | 0.0% | $319K | TRIM |
| JNJ Johnson & Johnson | Health Care | 0.0% | $319K | ADD |
| MCD McDonalds Corp | Consumer Discretionary | 0.0% | $294K | ADD |
| UNM Unum Group | Financials | 0.0% | $278K | HOLD |
| MRK Merck Inc | Health Care | 0.0% | $258K | NEW |
| DIS Disney Walt Productions | Communication Services | 0.0% | $243K | HOLD |
| AMZN Amazon.com Inc | Consumer Discretionary | 0.0% | $217K | HOLD |
| — Hanjaya Mandala Sampoerna | — | 0.0% | $213K | HOLD |
| — Cofide SPA | — | 0.0% | $196K | HOLD |
Weights are share of the manager’s reported long US-equity portfolio (13F). Options, bonds, and non-US/private holdings aren’t reported here. “Change” vs the prior reported quarter.