Gardner Russo & Quinn
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Tom Russo's Gardner Russo & Quinn reported 77 stock positions worth $9.5 billion. Its top holding was Berkshire Hathaway Class A (BRK.A) at 13.7% of the portfolio, followed by Alphabet Class C (GOOG, 12.0%) and Mastercard Class A (MA, 9.6%). Compared with Q1 2024, it opened 2 new positions, sold out of 6, added to 19 and reduced 39. The biggest buy was a new position in DoorDash Class A (DASH) and the biggest sale Mastercard Class A (MA, shares −2%).
- Most Recent 13F
- Q2 2026
- Notable People
- Tom Russo
- Location
- LANCASTER, PA
- CIK
- 0000860643
- Portfolio Value
- $9.5B (Q2 2024)
- SEC Filing
- 0000860643-24-000004 ↗ filed Aug 13, 2024
Holdings Value
Holdings 77 stocks · $9.5B
| BRK.A Berkshire Hathaway Inc. Class A | 13.67% | 2,114 | $1.3B | Reduce -0.8% |
| GOOG Alphabet Inc. Class C | 12.03% | 6,209,856 | $1.1B | Reduce -12.1% |
| MA Mastercard Inc. Class A | 9.58% | 2,056,350 | $907.2M | Reduce -2.1% |
| NSRGY Nestle SA-Spons ADR | 7.86% | 7,260,624 | $743.9M | Add +0.1% |
| CFRHF Cie Financiere Richemo-A Reg | 7.70% | 4,669,634 | $728.8M | Add +0.7% |
| HKHHF Heineken Holding NV | 6.66% | 7,982,338 | $630.1M | Add +2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 5.97% | 1,390,310 | $565.6M | Reduce -5.1% |
| PM Philip Morris International | 5.85% | 5,466,358 | $553.9M | Reduce -1.5% |
| NFLX Netflix Inc. | 5.58% | 782,062 | $527.8M | Reduce -10.5% |
| PDRDF Pernod Ricard SA | 4.74% | 3,305,294 | $448.8M | Add +9.3% |
| MLM Martin Marietta Materials | 4.37% | 764,059 | $414.0M | Reduce -3.0% |
| ASHTF Ashtead Group PLC | 3.57% | 5,058,162 | $337.7M | Reduce -1.3% |
| JPM JPMorgan Chase & Co. | 3.19% | 1,492,835 | $301.9M | Reduce -12.7% |
| UBER Uber Technologies Inc. | 2.80% | 3,644,712 | $264.9M | Add +10.4% |
| CMCSA Comcast Corp. Class A | 1.27% | 3,064,822 | $120.0M | Reduce -0.9% |
| BF.A Brown-Forman Corp. Class A | 1.01% | 2,170,683 | $95.8M | Reduce -1.3% |
| DASH DoorDash Inc. Class A | 0.82% | 716,388 | $77.9M | New |
| V Visa Inc. Class A | 0.78% | 282,714 | $74.2M | Reduce -4.4% |
| BF.B Brown-Forman Corp. Class B | 0.41% | 891,786 | $38.5M | Reduce -1.4% |
| WFC Wells Fargo & Co. | 0.30% | 478,642 | $28.4M | Reduce -29.1% |
| BUDFF Anheuser-Busch Inbev SA | 0.27% | 441,625 | $25.6M | Reduce -6.5% |
| XOM Exxon Mobil Corp. | 0.22% | 180,530 | $20.8M | Add +0.2% |
| MKL Markel Group Inc. | 0.16% | 9,619 | $15.2M | Reduce -1.8% |
| MO Altria Group Inc. | 0.14% | 286,290 | $13.0M | Reduce -8.8% |
| CR Crane Co. | 0.10% | 64,906 | $9.4M | Reduce -3.1% |
| VMC Vulcan Materials Co. | 0.09% | 33,622 | $8.4M | Reduce -13.0% |
| DVDCF Davide Campari-Milano NV | 0.07% | 677,127 | $6.4M | Add +5.5% |
| UNP Union Pacific Corp. | 0.06% | 24,294 | $5.5M | Add +3.9% |
| PG The Procter & Gamble Co. | 0.06% | 32,006 | $5.3M | Reduce -1.0% |
| COST Costco Wholesale Corp. | 0.05% | 5,477 | $4.7M | No change |
| DOV Dover Corp. | 0.04% | 23,426 | $4.2M | Reduce -5.2% |
| NSRGF Nestle SA-Reg | 0.04% | 40,136 | $4.1M | No change |
| AXP American Express Co. | 0.04% | 16,075 | $3.7M | Reduce -11.2% |
| GOOGL Alphabet Inc. Class A | 0.04% | 20,356 | $3.7M | Reduce -7.2% |
| MKC McCormick & Co.-Non VTG SHRS | 0.03% | 43,320 | $3.1M | Reduce -0.3% |
| CABJF Carlsberg As-B | 0.03% | 24,390 | $2.9M | Reduce -0.6% |
| LRLCF L'oreal | 0.03% | 5,841 | $2.6M | Reduce -13.3% |
| HINKF Heineken NV | 0.03% | 25,441 | $2.5M | No change |
| MSFT Microsoft Corp. | 0.02% | 5,205 | $2.3M | Reduce -2.9% |
| SWZ Total Return Securities Fund | 0.02% | 279,368 | $2.3M | Add +1.6% |
| COCXF Chocoladefabriken Lindt-Reg filed as Lindt & Spruengli AG - Reg | 0.02% | 19 | $2.2M | No change |
| ABBV Abbvie Inc. | 0.02% | 12,510 | $2.1M | No change |
| PEP Pepsico Inc. | 0.02% | 12,366 | $2.0M | Reduce -0.6% |
| FULT Fulton Financial Corp. | 0.02% | 114,305 | $1.9M | Reduce -1.7% |
| HRL Hormel Foods Corp. | 0.02% | 57,691 | $1.8M | Reduce -5.1% |
| AAPL Apple Inc. | 0.02% | 6,799 | $1.4M | Reduce -14.7% |
| DD Dupont DE Nemours Inc. | 0.01% | 15,555 | $1.3M | Add +0.5% |
| ABT Abbott Laboratories | 0.01% | 11,510 | $1.2M | Reduce -0.9% |
| PNC PNC Financial Services Group | 0.01% | 7,023 | $1.1M | Reduce -3.7% |
| CFRUY Cie Financiere Rich-Unsp ADR filed as COMPAGNIE FINANCIERE RICHEMONT | 0.01% | 66,140 | $1.0M | Add +0.4% |
| DOW Dow Inc. | 0.01% | 18,097 | $960K | Add +1.3% |
| KO The Coca-Cola Co. | 0.01% | 14,580 | $928K | Reduce -6.4% |
| HKHHY Heineken Holding NV-SPN ADR | 0.01% | 20,306 | $801K | Add +13.8% |
| OUT Outfront Media Inc. | 0.01% | 52,944 | $757K | Reduce -16.5% |
| CVX Chevron Corp. | 0.01% | 4,651 | $728K | Add +0.3% |
| LAMR Lamar Advertising Co. Class A | 0.01% | 5,975 | $714K | Reduce -9.1% |
| WMT Walmart Inc. | 0.01% | 10,365 | $702K | No change |
| PRNDY Pernod Ricard SA - Spon ADR | 0.01% | 23,057 | $626K | Add +11.2% |
| FMX Fomento Economico Mex-SP ADR | 0.01% | 4,975 | $536K | Reduce -21.3% |
| ORCL Oracle Corp. | 0.01% | 3,475 | $491K | No change |
| TFC Truist Financial Corp. | 0.00% | 11,470 | $446K | Add +0.8% |
| MRK Merck & Co. Inc. | 0.00% | 3,446 | $427K | Reduce -1.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.00% | 4,086 | $406K | No change |
| ASHTY Ashtead Group PLC-Unspon ADR | 0.00% | 1,253 | $335K | No change |
| CTVA Corteva Inc. | 0.00% | 6,052 | $326K | Add +0.3% |
| MCD McDonald's Corp. | 0.00% | 1,197 | $305K | Reduce -38.0% |
| LTGIF LT Group Inc. | 0.00% | 1,775,000 | $295K | No change |
| MDLZ Mondelez International Inc. Class A | 0.00% | 4,400 | $288K | No change |
| DGEAF Diageo PLC | 0.00% | 8,452 | $266K | No change |
| HEINY Heineken NV-SPN ADR | 0.00% | 5,255 | $254K | Add +3.9% |
| RBGPF Reckitt Benckiser Group PLC | 0.00% | 4,630 | $251K | No change |
| BP BP PLC-Spons ADR | 0.00% | 6,542 | $236K | Add +0.8% |
| PHJMF HM Sampoerna TBK PT filed as Hanjaya Mandala Sampoerna | 0.00% | 5,000,000 | $217K | No change |
| UNM Unum Group | 0.00% | 4,050 | $207K | No change |
| CSL Carlisle Cos Inc. | 0.00% | 500 | $203K | New |
| Cir SPA | 0.00% | 251,250 | $160K | No change |
| DVCMY Davide Campari - Unsp ADR | 0.00% | 13,650 | $129K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| MA Mastercard Inc. Class A | Reduce -2.1% | 9.58% | −0.79 |
| MLM Martin Marietta Materials | Reduce -3.0% | 4.37% | −0.59 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.1% | 5.97% | −0.34 |
| JPM JPMorgan Chase & Co. | Reduce -12.7% | 3.19% | −0.33 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -0.8% | 13.67% | −0.20 |
| BF.A Brown-Forman Corp. Class A | Reduce -1.3% | 1.01% | −0.18 |
| ASHTF Ashtead Group PLC | Reduce -1.3% | 3.57% | −0.18 |
| CMCSA Comcast Corp. Class A | Reduce -0.9% | 1.27% | −0.11 |
| WFC Wells Fargo & Co. | Reduce -29.1% | 0.30% | −0.10 |
| BF.B Brown-Forman Corp. Class B | Reduce -1.4% | 0.41% | −0.07 |
| V Visa Inc. Class A | Reduce -4.4% | 0.78% | −0.06 |
| CABO Cable One Inc. | Sold out | 0.00% | −0.05 |
| BUDFF Anheuser-Busch Inbev SA | Reduce -6.5% | 0.27% | −0.02 |
| VMC Vulcan Materials Co. | Reduce -13.0% | 0.09% | −0.02 |
| UL Unilever PLC | Sold out | 0.00% | −0.01 |
| LRLCF L'oreal | Reduce -13.3% | 0.03% | −0.01 |
| LVMHF LVMH Moet Hennessy Louis Vui | Sold out | 0.00% | −0.01 |
| CABJF Carlsberg As-B | Reduce -0.6% | 0.03% | −0.00 |
| HRL Hormel Foods Corp. | Reduce -5.1% | 0.02% | −0.00 |
| AXP American Express Co. | Reduce -11.2% | 0.04% | −0.00 |
| OUT Outfront Media Inc. | Reduce -16.5% | 0.01% | −0.00 |
| MO Altria Group Inc. | Reduce -8.8% | 0.14% | −0.00 |
| FMX Fomento Economico Mex-SP ADR | Reduce -21.3% | 0.01% | −0.00 |
| MCD McDonald's Corp. | Reduce -38.0% | 0.00% | −0.00 |
| LVMUY LVMH Moet Hennessy-Unsp ADR | Sold out | 0.00% | −0.00 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -0.3% | 0.03% | −0.00 |
| BURCA Burnham Holdings Inc. Class A | Sold out | 0.00% | −0.00 |
| DANOY Danone-Spons ADR | Sold out | 0.00% | −0.00 |
| ABT Abbott Laboratories | Reduce -0.9% | 0.01% | −0.00 |
| PEP Pepsico Inc. | Reduce -0.6% | 0.02% | −0.00 |
| PNC PNC Financial Services Group | Reduce -3.7% | 0.01% | −0.00 |
| LAMR Lamar Advertising Co. Class A | Reduce -9.1% | 0.01% | −0.00 |
| DOV Dover Corp. | Reduce -5.2% | 0.04% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -1.9% | 0.00% | −0.00 |
| KO The Coca-Cola Co. | Reduce -6.4% | 0.01% | 0.00 |
| AAPL Apple Inc. | Reduce -14.7% | 0.02% | +0.00 |
| MSFT Microsoft Corp. | Reduce -2.9% | 0.02% | +0.00 |
| FULT Fulton Financial Corp. | Reduce -1.7% | 0.02% | +0.00 |
| PG The Procter & Gamble Co. | Reduce -1.0% | 0.06% | +0.00 |
| GOOGL Alphabet Inc. Class A | Reduce -7.2% | 0.04% | +0.01 |
| CR Crane Co. | Reduce -3.1% | 0.10% | +0.01 |
| MKL Markel Group Inc. | Reduce -1.8% | 0.16% | +0.01 |
| NFLX Netflix Inc. | Reduce -10.5% | 5.58% | +0.13 |
| PM Philip Morris International | Reduce -1.5% | 5.85% | +0.63 |
| GOOG Alphabet Inc. Class C | Reduce -12.1% | 12.03% | +1.00 |
Portfolio Buys Q1 2024 → Q2 2024
| DASH DoorDash Inc. Class A | New | 0.82% | +0.82 |
| CFRHF Cie Financiere Richemo-A Reg | Add +0.7% | 7.70% | +0.44 |
| UBER Uber Technologies Inc. | Add +10.4% | 2.80% | +0.19 |
| HKHHF Heineken Holding NV | Add +2.0% | 6.66% | +0.17 |
| XOM Exxon Mobil Corp. | Add +0.2% | 0.22% | +0.00 |
| CSL Carlisle Cos Inc. | New | 0.00% | +0.00 |
| SWZ Total Return Securities Fund | Add +1.6% | 0.02% | +0.00 |
| DVDCF Davide Campari-Milano NV | Add +5.5% | 0.07% | +0.00 |
| HKHHY Heineken Holding NV-SPN ADR | Add +13.8% | 0.01% | +0.00 |
| DD Dupont DE Nemours Inc. | Add +0.5% | 0.01% | +0.00 |
| CFRUY Cie Financiere Rich-Unsp ADR | Add +0.4% | 0.01% | +0.00 |
| CVX Chevron Corp. | Add +0.3% | 0.01% | +0.00 |
| HEINY Heineken NV-SPN ADR | Add +3.9% | 0.00% | +0.00 |
| TFC Truist Financial Corp. | Add +0.8% | 0.00% | +0.00 |
| BP BP PLC-Spons ADR | Add +0.8% | 0.00% | 0.00 |
| CTVA Corteva Inc. | Add +0.3% | 0.00% | −0.00 |
| PRNDY Pernod Ricard SA - Spon ADR | Add +11.2% | 0.01% | −0.00 |
| DOW Dow Inc. | Add +1.3% | 0.01% | −0.00 |
| UNP Union Pacific Corp. | Add +3.9% | 0.06% | −0.00 |
| NSRGY Nestle SA-Spons ADR | Add +0.1% | 7.86% | −0.04 |
| PDRDF Pernod Ricard SA | Add +9.3% | 4.74% | −0.28 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 85 | $8.9B | GOOG, BRK.A, PM, MA, CFRHF |
| Q1 2026 | 86 | $8.5B | BRK.A, GOOG, MA, PM, HKHHF |
| Q4 2025 | 87 | $9.3B | GOOG, BRK.A, MA, CFRHF, PM |
| Q3 2025 | 85 | $9.3B | BRK.A, GOOG, MA, PM, CFRHF |
| Q2 2025 | 85 | $9.4B | BRK.A, MA, GOOG, PM, NFLX |
| Q1 2025 | 86 | $8.9B | BRK.A, MA, GOOG, PM, CFRHF |
| Q4 2024 | 68 | $8.8B | BRK.A, GOOG, MA, CFRHF, PM |
| Q3 2024 | 77 | $9.7B | BRK.A, GOOG, MA, CFRHF, NSRGY |
| Q2 2024 | 77 | $9.5B | BRK.A, GOOG, MA, NSRGY, CFRHF |
| Q1 2024 | 81 | $9.7B | BRK.A, GOOG, MA, NSRGY, CFRHF |