Gardner Russo & Quinn (Thomas Russo) latest 13F portfolio: 85 holdings worth $8.9B as of Q2 2026.
Backtested since 2020: mirroring Gardner Russo & Quinn's reported 13F equity holdings each quarter would have returned +133.1% versus +196.8%for the S&P 500 (+14.2% annualized). See the Performance tab for the full equity curve.
Investor: Thomas Russo
Number of Assets: 85
Reporting Period: Q2 - 2026
Holdings at Report: $8,925,889,600
Return $ Since Report: -$77,908,055
Return % Since Report: -0.87%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| De'longhi | Equity | +9.49% | 42,700 | 0.02% | $42.46 | N/A | $1,813,134 | N/A | N/A | N/A |
| Fluidra | Equity | 0% | 70,000 | 0.02% | $22.64 | N/A | $1,584,614 | N/A | N/A | N/A |
| Kalmar Oyj B | Equity | +1.85% | 27,500 | 0.01% | $43.93 | N/A | $1,207,954 | N/A | N/A | N/A |
| LT Group Inc. | Equity | 0% | 1,775,000 | 0.00% | $0.24 | N/A | $431,530 | N/A | N/A | N/A |
| SSP Group | Equity | 0% | 700,000 | 0.02% | $2.49 | N/A | $1,743,874 | N/A | N/A | N/A |
| Cofide Spa | Equity | 0% | 251,250 | 0.00% | $0.79 | N/A | $199,642 | N/A | N/A | N/A |
| Electrolux Professional | Equity | 0% | 230,000 | 0.01% | $4.38 | N/A | $1,006,442 | N/A | N/A | N/A |
| Chocoladefabriken Lindt & Sprüngli Ag (COCXF) | Equity | 0% | 15 | 0.02% | $119,010.73 | $109,000.00 | $1,785,161 | $1,635,000 | -$150,161 | -8.41% |
| Zalando SE | Equity | 0% | 28,000 | 0.01% | $29.01 | N/A | $812,155 | N/A | N/A | N/A |
| John Bean Technologies Corp. (JBT) | Equity | 0% | 7,250 | 0.01% | $145.00 | N/A | $1,051,250 | N/A | N/A | N/A |
| Demant AS | Equity | 0% | 41,000 | 0.02% | $41.02 | N/A | $1,681,890 | N/A | N/A | N/A |
| H&M | Equity | 0% | 64,000 | 0.01% | $17.22 | N/A | $1,102,359 | N/A | N/A | N/A |
| Konecranes | Equity | 0% | 52,500 | 0.02% | $30.73 | N/A | $1,613,425 | N/A | N/A | N/A |
| Sunbelt Rentals Holdings ORD | Equity | 0% | 18,178 | 0.01% | $72.95 | N/A | $1,326,006 | N/A | N/A | N/A |
| ALK Abello AS | Equity | +6.00% | 53,000 | 0.02% | $37.35 | N/A | $1,979,596 | N/A | N/A | N/A |
| Davide Campari-Milano NV | Equity | -3.45% | 195,048 | 0.01% | $6.23 | N/A | $1,214,895 | N/A | N/A | N/A |
| Fielmann | Equity | 0% | 33,000 | 0.02% | $48.93 | N/A | $1,614,797 | N/A | N/A | N/A |
| Lotus Bakeries | Equity | 0% | 115 | 0.02% | $13,285.15 | N/A | $1,527,792 | N/A | N/A | N/A |
| Rational Ag | Equity | 0% | 2,200 | 0.02% | $732.28 | N/A | $1,611,024 | N/A | N/A | N/A |
| Eurofins Scientific | Equity | +32.22% | 4,094,034 | 3.60% | $78.38 | N/A | $320,909,414 | N/A | N/A | N/A |
| Exxon Mobil corp (XOM) | Equity | +100% | 181,200 | 0.28% | $136.72 | $158.30 | $24,773,668 | $28,683,960 | +$3,910,292 | +15.78% |
| Alphabet Inc. (GOOG) | Equity | -9.02% | 3,048,077 | 12.07% | $353.33 | $350.87 | $1,076,977,046 | $1,069,478,777 | -$7,498,269 | -0.70% |
| Brown-Forman Corp. (BF-B) | Equity | -3.09% | 639,282 | 0.19% | $26.65 | $26.15 | $17,036,864 | $16,717,224 | -$319,640 | -1.88% |
| Crane Company (CR) | Equity | -5.77% | 43,937 | 0.11% | $223.07 | $198.96 | $9,801,027 | $8,741,706 | -$1,059,321 | -10.81% |
| Doordash Inc. (DASH) | Equity | +18.47% | 1,186,104 | 2.45% | $184.53 | $193.83 | $218,871,771 | $229,902,538 | +$11,030,767 | +5.04% |
| FB Bancorp. Inc. (FBLA) | Equity | 0% | 50,000 | 0.01% | $15.06 | $16.26 | $753,000 | $813,000 | +$60,000 | +7.97% |
| Markel Group Inc. (MKL) | Equity | -13.91% | 4,265 | 0.09% | $1,953.01 | $1,774.64 | $8,329,588 | $7,568,840 | -$760,748 | -9.13% |
| Microsoft Corp. (MSFT) | Equity | +1.13% | 3,584 | 0.01% | $373.02 | $501.61 | $1,336,904 | $1,797,770 | +$460,866 | +34.47% |
| Netflix Inc. (NFLX) | Equity | +1.77% | 5,710,088 | 4.57% | $71.40 | $73.36 | $407,700,283 | $418,892,056 | +$11,191,773 | +2.75% |
| Abbott Laboratories (ABT) | Equity | 0% | 11,510 | 0.01% | $90.74 | $102.98 | $1,044,417 | $1,185,300 | +$140,883 | +13.49% |
| Alphabet Inc. (GOOGL) | Equity | -4.27% | 11,114 | 0.04% | $357.37 | $354.97 | $3,971,810 | $3,945,137 | -$26,673 | -0.67% |
| Altria Group Inc. (MO) | Equity | -9.64% | 148,603 | 0.12% | $71.95 | $68.53 | $10,692,017 | $10,183,764 | -$508,253 | -4.75% |
| Brown-Forman Corp. (BF-A) | Equity | -3.04% | 1,597,815 | 0.49% | $27.36 | $26.73 | $43,716,215 | $42,709,595 | -$1,006,620 | -2.30% |
| Caterpillar Inc. (CAT) | Equity | -41.11% | 265 | 0.00% | $1,064.90 | $816.50 | $282,199 | $216,373 | -$65,826 | -23.33% |
| Costco Wholesale Corp. (COST) | Equity | -26.49% | 3,399 | 0.04% | $935.48 | $898.48 | $3,179,709 | $3,053,934 | -$125,775 | -3.96% |
| The Walt Disney Company (DIS) | Equity | -0.99% | 2,492 | 0.00% | $96.25 | $104.23 | $239,858 | $259,741 | +$19,883 | +8.29% |
| Levi Strauss & Co. (LEVI) | Equity | +1.21% | 83,725 | 0.02% | $24.83 | $19.82 | $2,078,892 | $1,659,430 | -$419,463 | -20.18% |
| Oracle Corp. (ORCL) | Equity | -24.58% | 2,715 | 0.00% | $146.55 | $148.56 | $397,883 | $403,340 | +$5,457 | +1.37% |
| Pepsico Inc. (PEP) | Equity | -0.98% | 9,115 | 0.01% | $135.41 | $129.59 | $1,234,218 | $1,181,213 | -$53,005 | -4.29% |
| Anheuser Busch Inbev NV (BUD) | Equity | -6.91% | 171,294 | 0.16% | $83.07 | $77.95 | $14,229,766 | $13,352,367 | -$877,399 | -6.17% |
| Apple Inc. (AAPL) | Equity | -3.16% | 4,601 | 0.01% | $289.36 | $338.98 | $1,331,345 | $1,559,647 | +$228,302 | +17.15% |
| Dover Corp. (DOV) | Equity | -1.44% | 18,851 | 0.05% | $224.28 | $186.09 | $4,227,902 | $3,507,983 | -$719,919 | -17.03% |
| Fulton Financial Corp. (FULT) | Equity | -9.60% | 44,250 | 0.01% | $24.19 | $23.28 | $1,070,408 | $1,030,140 | -$40,268 | -3.76% |
| Martin Marietta Materials Inc. (MLM) | Equity | -1.40% | 705,367 | 4.56% | $576.70 | $499.67 | $406,784,959 | $352,450,729 | -$54,334,230 | -13.36% |
| Merck & Co. Inc. (MRK) | Equity | -23.31% | 1,642 | 0.00% | $128.51 | $149.50 | $211,006 | $245,479 | +$34,473 | +16.34% |
| Nestlé S.A. (NSRGY) | Equity | -3.04% | 5,314,898 | 6.11% | $102.69 | $93.61 | $545,786,866 | $497,527,602 | -$48,259,264 | -8.84% |
| Union Pacific Corp. (UNP) | Equity | -6.50% | 25,841 | 0.08% | $272.00 | $269.63 | $7,028,631 | $6,967,509 | -$61,122 | -0.87% |
| Walmart Inc. (WMT) | Equity | -13.09% | 8,465 | 0.01% | $113.26 | $107.44 | $958,746 | $909,480 | -$49,266 | -5.14% |
| Wells Fargo & Company (WFC) | Equity | +0.01% | 7,451 | 0.01% | $82.64 | $86.54 | $615,762 | $644,810 | +$29,048 | +4.72% |
| American Express Company (AXP) | Equity | -20.97% | 5,125 | 0.02% | $338.25 | $313.59 | $1,733,531 | $1,607,149 | -$126,382 | -7.29% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | -1.92% | 1,432 | 12.01% | $748,850.00 | $752,180.00 | $1,072,353,200 | $1,077,121,760 | +$4,768,560 | +0.44% |
| The Coca-Cola Company (KO) | Equity | -5.18% | 12,350 | 0.01% | $81.27 | $87.12 | $1,003,685 | $1,075,932 | +$72,247 | +7.20% |
| Herc Holdings Inc. (HRI) | Equity | 0% | 6,450 | 0.01% | $143.34 | $140.74 | $924,543 | $907,773 | -$16,770 | -1.81% |
| JP Morgan Chase & Co. (JPM) | Equity | -83.39% | 24,719 | 0.09% | $327.33 | $352.04 | $8,091,270 | $8,702,077 | +$610,807 | +7.55% |
| Johnson & Johnson (JNJ) | Equity | -14.72% | 1,112 | 0.00% | $253.97 | $269.47 | $282,415 | $299,651 | +$17,236 | +6.10% |
| Mastercard Inc. (MA) | Equity | -2.11% | 1,522,395 | 8.76% | $513.60 | $567.65 | $781,901,965 | $864,187,522 | +$82,285,557 | +10.52% |
| Mcdonald'S Corp. (MCD) | Equity | 0% | 947 | 0.00% | $270.31 | $247.88 | $255,984 | $234,742 | -$21,242 | -8.30% |
| The Procter & Gamble Company (PG) | Equity | -28.98% | 6,554 | 0.01% | $146.64 | $146.08 | $961,079 | $957,408 | -$3,671 | -0.38% |
| Uber Technologies Inc. (UBER) | Equity | -1.73% | 5,084,015 | 4.11% | $72.16 | $70.84 | $366,862,522 | $360,151,623 | -$6,710,899 | -1.83% |
| Unum Group (UNM) | Equity | -8.29% | 3,485 | 0.00% | $89.40 | $93.56 | $311,559 | $326,057 | +$14,498 | +4.65% |
| Abbvie Inc. (ABBV) | Equity | 0% | 12,410 | 0.03% | $251.64 | $264.48 | $3,122,852 | $3,282,197 | +$159,345 | +5.10% |
| Amazon.com Inc. (AMZN) | Equity | -10.00% | 936 | 0.00% | $238.34 | $258.45 | $223,086 | $241,909 | +$18,823 | +8.44% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -2.80% | 1,079,364 | 6.05% | $500.39 | $502.01 | $540,102,952 | $541,851,522 | +$1,748,570 | +0.32% |
| Chevron Corp. (CVX) | Equity | 0% | 2,470 | 0.00% | $165.76 | $203.67 | $409,427 | $503,065 | +$93,638 | +22.87% |
| Comcast Corp. (CMCSA) | Equity | -2.64% | 2,193,660 | 0.60% | $24.55 | $22.93 | $53,854,350 | $50,300,624 | -$3,553,726 | -6.60% |
| Hormel Foods Corp. (HRL) | Equity | -2.63% | 18,500 | 0.01% | $24.82 | $20.46 | $459,170 | $378,510 | -$80,660 | -17.57% |
| Lamar Advertising Company (LAMR) | Equity | 0% | 5,368 | 0.01% | $155.98 | $146.08 | $837,301 | $784,157 | -$53,144 | -6.35% |
| Mccormick & Company Inc. (MKC) | Equity | -1.56% | 37,981 | 0.02% | $50.42 | $48.89 | $1,915,002 | $1,856,891 | -$58,111 | -3.03% |
| Philip Morris International Inc. (PM) | Equity | -1.61% | 4,530,846 | 9.18% | $180.91 | $187.48 | $819,675,318 | $849,443,008 | +$29,767,690 | +3.63% |
| Sunbelt Rentals Holdings INC (SUNB) | Equity | -2.50% | 5,897,825 | 4.94% | $74.81 | $72.85 | $441,216,288 | $429,656,551 | -$11,559,737 | -2.62% |
| Outfront Media Inc. (OUT) | Equity | 0% | 13,588 | 0.00% | $32.76 | $28.22 | $445,143 | $383,453 | -$61,690 | -13.86% |
| Visa Inc. (V) | Equity | -6.99% | 87,256 | 0.34% | $343.09 | $369.95 | $29,936,661 | $32,280,357 | +$2,343,696 | +7.83% |
| Vulcan Materials Company (VMC) | Equity | 0% | 7,263 | 0.02% | $295.01 | $246.20 | $2,142,658 | $1,788,151 | -$354,507 | -16.55% |
| Warby Parker Inc. (WRBY) | Equity | 0% | 80,000 | 0.03% | $30.34 | $23.25 | $2,427,200 | $1,860,000 | -$567,200 | -23.37% |
| Yeti Holdings Inc. (YETI) | Equity | 0% | 24,000 | 0.01% | $49.56 | $42.79 | $1,189,440 | $1,026,960 | -$162,480 | -13.66% |
| Heineken N.V. (HINKF) | Equity | 0% | 15,131 | 0.01% | $84.15 | $81.50 | $1,273,226 | $1,233,177 | -$40,050 | -3.15% |
| PT Hanjaya Mandala Sampoerna Tbk (PHJMF) | Equity | 0% | 5,000,000 | 0.00% | $0.04 | $0.04 | $187,360 | $200,000 | +$12,640 | +6.75% |
| Pernod Ricard Sa (PDRDF) | Equity | -5.17% | 2,351,360 | 1.92% | $73.01 | $68.25 | $171,675,469 | $160,480,320 | -$11,195,149 | -6.52% |
| Nestlé S.A. (NSRGF) | Equity | 0% | 11,130 | 0.01% | $102.99 | $91.71 | $1,146,322 | $1,020,732 | -$125,590 | -10.96% |
| Compagnie Financière Richemont Sa (CFRHF) | Equity | -2.96% | 3,345,346 | 8.67% | $231.27 | $205.31 | $773,661,807 | $686,832,987 | -$86,828,820 | -11.22% |
| Puig Brands (PUGBY) | Equity | 0% | 68,000 | 0.01% | $18.44 | $9.60 | $1,254,017 | $652,800 | -$601,217 | -47.94% |
| The Swiss Helvetia Fund Inc. (SWZ) | Equity | 0% | 97,667 | 0.01% | $5.94 | $5.92 | $580,140 | $578,189 | -$1,951 | -0.34% |
| Carlsberg A/S (CABJF) | Equity | +2.66% | 10,135 | 0.01% | $131.05 | $140.00 | $1,328,184 | $1,418,900 | +$90,716 | +6.83% |
| Heineken Holding N.V. (HKHHF) | Equity | -2.15% | 8,905,683 | 7.61% | $76.32 | $77.60 | $679,639,647 | $691,081,001 | +$11,441,354 | +1.68% |
| L'Oréal S.A. (LRLCF) | Equity | 0% | 3,705 | 0.02% | $438.63 | $436.75 | $1,625,113 | $1,618,159 | -$6,954 | -0.43% |