Gardner Russo & Quinn
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Tom Russo's Gardner Russo & Quinn reported 77 stock positions worth $9.7 billion. Its top holding was Berkshire Hathaway Class A (BRK.A) at 14.5% of the portfolio, followed by Alphabet Class C (GOOG, 10.3%) and Mastercard Class A (MA, 10.2%). Compared with Q2 2024, it opened 2 new positions, sold out of 2, added to 12 and reduced 48. The biggest buy was Uber Technologies (UBER, shares +4%) and the biggest sale Alphabet Class C (GOOG, shares −3%).
- Most Recent 13F
- Q2 2026
- Notable People
- Tom Russo
- Location
- LANCASTER, PA
- CIK
- 0000860643
- Portfolio Value
- $9.7B (Q3 2024)
- SEC Filing
- 0000860643-24-000007 ↗ filed Nov 13, 2024
Holdings Value
Holdings 77 stocks · $9.7B
| BRK.A Berkshire Hathaway Inc. Class A | 14.51% | 2,045 | $1.4B | Reduce -3.3% |
| GOOG Alphabet Inc. Class C | 10.29% | 5,993,946 | $1.0B | Reduce -3.5% |
| MA Mastercard Inc. Class A | 10.20% | 2,011,308 | $993.2M | Reduce -2.2% |
| CFRHF Cie Financiere Richemo-A Reg | 7.34% | 4,509,025 | $715.2M | Reduce -3.4% |
| NSRGY Nestle SA-Spons ADR | 7.19% | 6,956,322 | $700.3M | Reduce -4.2% |
| PM Philip Morris International | 6.71% | 5,386,500 | $653.9M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 6.34% | 1,342,904 | $618.1M | Reduce -3.4% |
| HKHHF Heineken Holding NV | 6.34% | 8,162,463 | $617.6M | Add +2.3% |
| NFLX Netflix Inc. | 5.33% | 731,838 | $519.1M | Reduce -6.4% |
| PDRDF Pernod Ricard SA | 5.05% | 3,250,416 | $491.9M | Reduce -1.7% |
| MLM Martin Marietta Materials | 4.14% | 750,072 | $403.7M | Reduce -1.8% |
| ASHTF Ashtead Group PLC | 3.94% | 4,945,913 | $383.9M | Reduce -2.2% |
| JPM JPMorgan Chase & Co. | 3.12% | 1,440,707 | $303.8M | Reduce -3.5% |
| UBER Uber Technologies Inc. | 2.93% | 3,797,379 | $285.4M | Add +4.2% |
| CMCSA Comcast Corp. Class A | 1.27% | 2,969,927 | $124.1M | Reduce -3.1% |
| BF.A Brown-Forman Corp. Class A | 1.05% | 2,126,766 | $102.3M | Reduce -2.0% |
| DASH DoorDash Inc. Class A | 1.03% | 705,267 | $100.7M | Reduce -1.6% |
| V Visa Inc. Class A | 0.75% | 265,461 | $73.0M | Reduce -6.1% |
| BF.B Brown-Forman Corp. Class B | 0.44% | 877,885 | $43.2M | Reduce -1.6% |
| BUDFF Anheuser-Busch Inbev SA | 0.27% | 398,625 | $26.4M | Reduce -9.7% |
| WFC Wells Fargo & Co. | 0.23% | 402,320 | $22.7M | Reduce -15.9% |
| XOM Exxon Mobil Corp. | 0.23% | 188,233 | $22.1M | Add +4.3% |
| MO Altria Group Inc. | 0.15% | 289,098 | $14.8M | Add +1.0% |
| MKL Markel Group Inc. | 0.15% | 9,016 | $14.1M | Reduce -6.3% |
| CR Crane Co. | 0.10% | 62,356 | $9.9M | Reduce -3.9% |
| UNP Union Pacific Corp. | 0.06% | 24,420 | $6.0M | Add +0.5% |
| DVDCF Davide Campari-Milano NV | 0.06% | 703,377 | $6.0M | Add +3.9% |
| VMC Vulcan Materials Co. | 0.06% | 23,481 | $5.9M | Reduce -30.2% |
| PG The Procter & Gamble Co. | 0.06% | 31,277 | $5.4M | Reduce -2.3% |
| COST Costco Wholesale Corp. | 0.05% | 5,422 | $4.8M | Reduce -1.0% |
| DOV Dover Corp. | 0.05% | 23,101 | $4.4M | Reduce -1.4% |
| AXP American Express Co. | 0.04% | 15,341 | $4.2M | Reduce -4.6% |
| NSRGF Nestle SA-Reg | 0.04% | 40,081 | $4.0M | Reduce -0.1% |
| MKC McCormick & Co.-Non VTG SHRS | 0.04% | 42,820 | $3.5M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 0.03% | 20,436 | $3.4M | Add +0.4% |
| CABJF Carlsberg As-B | 0.03% | 23,450 | $2.8M | Reduce -3.9% |
| LRLCF L'oreal | 0.03% | 5,769 | $2.6M | Reduce -1.2% |
| SWZ Total Return Securities Fund | 0.03% | 283,350 | $2.5M | Add +1.4% |
| ABBV Abbvie Inc. | 0.03% | 12,510 | $2.5M | No change |
| HINKF Heineken NV | 0.02% | 25,441 | $2.3M | No change |
| COCXF Chocoladefabriken Lindt-Reg filed as Lindt & Spruengli AG - Reg | 0.02% | 17 | $2.2M | Reduce -10.5% |
| MSFT Microsoft Corp. | 0.02% | 5,005 | $2.2M | Reduce -3.8% |
| PEP Pepsico Inc. | 0.02% | 12,242 | $2.1M | Reduce -1.0% |
| HRL Hormel Foods Corp. | 0.02% | 53,091 | $1.7M | Reduce -8.0% |
| FULT Fulton Financial Corp. | 0.02% | 81,228 | $1.5M | Reduce -28.9% |
| AAPL Apple Inc. | 0.01% | 6,274 | $1.5M | Reduce -7.7% |
| ABT Abbott Laboratories | 0.01% | 11,510 | $1.3M | No change |
| CFRUY Cie Financiere Rich-Unsp ADR | 0.01% | 66,340 | $1.1M | Add +0.3% |
| KO The Coca-Cola Co. | 0.01% | 14,530 | $1.0M | Reduce -0.3% |
| PNC PNC Financial Services Group | 0.01% | 5,350 | $989K | Reduce -23.8% |
| WMT Walmart Inc. | 0.01% | 10,365 | $837K | No change |
| OUT Outfront Media Inc. | 0.01% | 45,007 | $827K | Reduce -15.0% |
| HKHHY Heineken Holding NV-SPN ADR | 0.01% | 21,255 | $804K | Add +4.7% |
| LAMR Lamar Advertising Co. Class A | 0.01% | 5,974 | $798K | Reduce -0.0% |
| PRNDY Pernod Ricard SA - Spon ADR | 0.01% | 23,057 | $698K | No change |
| CVX Chevron Corp. | 0.01% | 4,449 | $655K | Reduce -4.3% |
| ORCL Oracle Corp. | 0.01% | 3,475 | $592K | No change |
| TFC Truist Financial Corp. | 0.00% | 9,546 | $408K | Reduce -16.8% |
| ASHTY Ashtead Group PLC-Unspon ADR | 0.00% | 1,253 | $389K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.00% | 3,885 | $374K | Reduce -4.9% |
| FMX Fomento Economico Mex-SP ADR | 0.00% | 3,641 | $359K | Reduce -26.8% |
| CTVA Corteva Inc. | 0.00% | 6,070 | $357K | Add +0.3% |
| MRK Merck & Co. Inc. | 0.00% | 3,087 | $351K | Reduce -10.4% |
| MDLZ Mondelez International Inc. Class A | 0.00% | 4,400 | $324K | No change |
| LTGIF LT Group Inc. | 0.00% | 1,775,000 | $317K | No change |
| DGEAF Diageo PLC | 0.00% | 8,452 | $295K | No change |
| RBGPF Reckitt Benckiser Group PLC | 0.00% | 4,230 | $260K | Reduce -8.6% |
| PHJMF HM Sampoerna TBK PT filed as Hanjaya Mandala Sampoerna | 0.00% | 5,000,000 | $251K | No change |
| HEINY Heineken NV-SPN ADR | 0.00% | 5,255 | $234K | No change |
| DHR Danaher Corp. | 0.00% | 819 | $228K | New |
| UNM Unum Group | 0.00% | 3,800 | $226K | Reduce -6.2% |
| CSL Carlisle Cos Inc. | 0.00% | 500 | $225K | No change |
| MCD McDonald's Corp. | 0.00% | 705 | $215K | Reduce -41.1% |
| TT Trane Technologies PLC | 0.00% | 540 | $210K | New |
| BP BP PLC-Spons ADR | 0.00% | 6,602 | $207K | Add +0.9% |
| Cir SPA | 0.00% | 251,250 | $161K | No change |
| DVCMY Davide Campari - Unsp ADR | 0.00% | 13,650 | $116K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| GOOG Alphabet Inc. Class C | Reduce -3.5% | 10.29% | −1.74 |
| NSRGY Nestle SA-Spons ADR | Reduce -4.2% | 7.19% | −0.67 |
| CFRHF Cie Financiere Richemo-A Reg | Reduce -3.4% | 7.34% | −0.36 |
| NFLX Netflix Inc. | Reduce -6.4% | 5.33% | −0.25 |
| MLM Martin Marietta Materials | Reduce -1.8% | 4.14% | −0.23 |
| JPM JPMorgan Chase & Co. | Reduce -3.5% | 3.12% | −0.07 |
| WFC Wells Fargo & Co. | Reduce -15.9% | 0.23% | −0.07 |
| V Visa Inc. Class A | Reduce -6.1% | 0.75% | −0.03 |
| VMC Vulcan Materials Co. | Reduce -30.2% | 0.06% | −0.03 |
| MKL Markel Group Inc. | Reduce -6.3% | 0.15% | −0.01 |
| DD Dupont DE Nemours Inc. | Sold out | 0.00% | −0.01 |
| DOW Dow Inc. | Sold out | 0.00% | −0.01 |
| FULT Fulton Financial Corp. | Reduce -28.9% | 0.02% | −0.01 |
| MSFT Microsoft Corp. | Reduce -3.8% | 0.02% | −0.00 |
| CABJF Carlsberg As-B | Reduce -3.9% | 0.03% | −0.00 |
| FMX Fomento Economico Mex-SP ADR | Reduce -26.8% | 0.00% | −0.00 |
| NSRGF Nestle SA-Reg | Reduce -0.1% | 0.04% | −0.00 |
| PNC PNC Financial Services Group | Reduce -23.8% | 0.01% | −0.00 |
| HRL Hormel Foods Corp. | Reduce -8.0% | 0.02% | −0.00 |
| CVX Chevron Corp. | Reduce -4.3% | 0.01% | −0.00 |
| MCD McDonald's Corp. | Reduce -41.1% | 0.00% | −0.00 |
| MRK Merck & Co. Inc. | Reduce -10.4% | 0.00% | −0.00 |
| COCXF Chocoladefabriken Lindt-Reg | Reduce -10.5% | 0.02% | −0.00 |
| TFC Truist Financial Corp. | Reduce -16.8% | 0.00% | −0.00 |
| LRLCF L'oreal | Reduce -1.2% | 0.03% | −0.00 |
| DIS The Walt Disney Co. | Reduce -4.9% | 0.00% | −0.00 |
| PEP Pepsico Inc. | Reduce -1.0% | 0.02% | −0.00 |
| AAPL Apple Inc. | Reduce -7.7% | 0.01% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -2.3% | 0.06% | −0.00 |
| RBGPF Reckitt Benckiser Group PLC | Reduce -8.6% | 0.00% | 0.00 |
| UNM Unum Group | Reduce -6.2% | 0.00% | +0.00 |
| COST Costco Wholesale Corp. | Reduce -1.0% | 0.05% | +0.00 |
| OUT Outfront Media Inc. | Reduce -15.0% | 0.01% | +0.00 |
| LAMR Lamar Advertising Co. Class A | Reduce -0.0% | 0.01% | +0.00 |
| BUDFF Anheuser-Busch Inbev SA | Reduce -9.7% | 0.27% | +0.00 |
| DOV Dover Corp. | Reduce -1.4% | 0.05% | +0.00 |
| KO The Coca-Cola Co. | Reduce -0.3% | 0.01% | +0.00 |
| CR Crane Co. | Reduce -3.9% | 0.10% | +0.00 |
| AXP American Express Co. | Reduce -4.6% | 0.04% | +0.00 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -1.1% | 0.04% | +0.00 |
| CMCSA Comcast Corp. Class A | Reduce -3.1% | 1.27% | +0.01 |
| BF.B Brown-Forman Corp. Class B | Reduce -1.6% | 0.44% | +0.04 |
| BF.A Brown-Forman Corp. Class A | Reduce -2.0% | 1.05% | +0.04 |
| DASH DoorDash Inc. Class A | Reduce -1.6% | 1.03% | +0.21 |
| PDRDF Pernod Ricard SA | Reduce -1.7% | 5.05% | +0.31 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.4% | 6.34% | +0.37 |
| ASHTF Ashtead Group PLC | Reduce -2.2% | 3.94% | +0.37 |
| MA Mastercard Inc. Class A | Reduce -2.2% | 10.20% | +0.61 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -3.3% | 14.51% | +0.84 |
| PM Philip Morris International | Reduce -1.5% | 6.71% | +0.86 |
Portfolio Buys Q2 2024 → Q3 2024
| UBER Uber Technologies Inc. | Add +4.2% | 2.93% | +0.13 |
| MO Altria Group Inc. | Add +1.0% | 0.15% | +0.01 |
| XOM Exxon Mobil Corp. | Add +4.3% | 0.23% | +0.01 |
| UNP Union Pacific Corp. | Add +0.5% | 0.06% | +0.00 |
| DHR Danaher Corp. | New | 0.00% | +0.00 |
| SWZ Total Return Securities Fund | Add +1.4% | 0.03% | +0.00 |
| TT Trane Technologies PLC | New | 0.00% | +0.00 |
| CTVA Corteva Inc. | Add +0.3% | 0.00% | +0.00 |
| CFRUY Cie Financiere Rich-Unsp ADR | Add +0.3% | 0.01% | −0.00 |
| HKHHY Heineken Holding NV-SPN ADR | Add +4.7% | 0.01% | −0.00 |
| BP BP PLC-Spons ADR | Add +0.9% | 0.00% | −0.00 |
| GOOGL Alphabet Inc. Class A | Add +0.4% | 0.03% | −0.00 |
| DVDCF Davide Campari-Milano NV | Add +3.9% | 0.06% | −0.01 |
| HKHHF Heineken Holding NV | Add +2.3% | 6.34% | −0.32 |
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 |