13F portfolio / Investment manager
Gardner Russo & Quinn
Thomas Russo (managing member, chairman) · Timothy Quinn
The firm is based in Lancaster, PA, according to its SEC filings.
Its earliest 13F holdings report on SEC EDGAR was filed in June 1999.
SEC Form ADV lists Thomas A. Russo as managing member and chairman, and Timothy C. Quinn as a member and portfolio manager.
The 13F shows long US-listed stock and option positions only. It leaves out short positions, cash, bonds and most non-US holdings.
- Reported 13F value
- $8.9B
- Positions
- 85
- Est. 1-yearEstimate
- +1.6%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +14.5%SPY +22.8%
As of Jun 30, 2026 · filed Aug 13, 2026
Holdings
1 new · 9 added · 42 trimmed · 33 unchanged · 2 sold out
| 1 | GOOG on Yahoo Finance (opens in a new tab) | Alphabet Inc Cl CCOM | 12.1% | $1.1B | 3,048,077 | Trimmed -9.0% | $133.93* | $337.82 | +152.2% |
| 2 | BRK/A on Yahoo Finance (opens in a new tab) | Berkshire Hathaway Inc Cl ACOM | 12.0% | $1.1B | 1,432 | Trimmed -1.9% | $551327.30* | $794223.56 | +44.1% |
| 3 | PM on Yahoo Finance (opens in a new tab) | Philip Morris International InCOM | 9.2% | $820M | 4,530,846 | Trimmed -1.6% | $83.15* | $204.78 | +146.3% |
| 4 | MA on Yahoo Finance (opens in a new tab) | Mastercard Inc Cl ACOM | 8.8% | $782M | 1,522,395 | Trimmed -2.1% | $401.26* | $614.51 | +53.1% |
| 5 | CFRHF on Yahoo Finance (opens in a new tab) | Compagnie Financiere RichemontCOM | 8.7% | $774M | 3,345,346 | Trimmed -3.0% | $118.94* | $207.53 | +74.5% |
| 6 | HKHHF on Yahoo Finance (opens in a new tab) | Heineken Holding NVCOM | 7.6% | $680M | 8,905,683 | Trimmed -2.2% | $70.78* | $76.54 | +8.1% |
| 7 | NSRGY on Yahoo Finance (opens in a new tab) | Nestle SA Sponsored ADRCOM | 6.1% | $546M | 5,314,898 | Trimmed -3.0% | $105.13* | $99.53 | -5.3% |
| 8 | BRK/B on Yahoo Finance (opens in a new tab) | Berkshire Hathaway Inc Cl BCOM | 6.1% | $540M | 1,079,364 | Trimmed -2.8% | $363.99* | $529.25 | +45.4% |
| 9 | SUNB on Yahoo Finance (opens in a new tab) | Sunbelt Rentals Holdings IncCOM | 4.9% | $441M | 5,897,825 | Trimmed -2.5% | $69.19 | $75.66 | +9.4% |
| 10 | NFLX on Yahoo Finance (opens in a new tab) | Netflix IncCOM | 4.6% | $408M | 5,710,088 | Added +1.8% | $99.33* | $70.36 | -29.2% |
| 11 | MLM on Yahoo Finance (opens in a new tab) | Martin Marietta MaterialsCOM | 4.6% | $407M | 705,367 | Trimmed -1.4% | $430.46* | $497.88 | +15.7% |
| 12 | UBER on Yahoo Finance (opens in a new tab) | Uber Technologies IncCOM | 4.1% | $367M | 5,084,015 | Trimmed -1.7% | $62.90 | $69.99 | +11.3% |
| 13 | ERFSF on Yahoo Finance (opens in a new tab) | Eurofins ScientificCOM | 3.6% | $321M | 4,094,034 | Added +32.2% | $77.27 | $87.36 | +13.1% |
| 14 | DASH on Yahoo Finance (opens in a new tab) | Doordash Inc Cl ACOM | 2.5% | $219M | 1,186,104 | Added +18.5% | $149.62 | $187.87 | +25.6% |
| 15 | PDRDF on Yahoo Finance (opens in a new tab) | Pernod RicardCOM | 1.9% | $172M | 2,351,360 | Trimmed -5.2% | $156.95* | $73.05 | -53.5% |
| 16 | CMCSA on Yahoo Finance (opens in a new tab) | Comcast Corp New Cl ACOM | 0.6% | $54M | 2,193,660 | Trimmed -2.6% | $37.32* | $21.95 | -41.2% |
| 17 | BF/A on Yahoo Finance (opens in a new tab) | Brown-Forman Corp Cl ACOM | 0.5% | $44M | 1,597,815 | Trimmed -3.0% | $58.94* | $29.36 | -50.2% |
| 18 | V on Yahoo Finance (opens in a new tab) | Visa Inc Cl ACOM | 0.3% | $30M | 87,256 | Trimmed -7.0% | $235.32* | $400.91 | +70.4% |
| 19 | XOM on Yahoo Finance (opens in a new tab) | Exxon Mobil CorpCOM | 0.3% | $25M | 181,200 | New | $148.19 | $178.02 | +20.1% |
| 20 | BF/B on Yahoo Finance (opens in a new tab) | Brown-Forman Corp Cl BCOM | 0.2% | $17M | 639,282 | Trimmed -3.1% | $57.56* | $28.68 | -50.2% |
| 21 | BUD on Yahoo Finance (opens in a new tab) | Anheuser-Busch InBev SACOM | 0.2% | $14M | 171,294 | Trimmed -6.9% | $53.49* | $82.44 | +54.1% |
| 22 | MO on Yahoo Finance (opens in a new tab) | Altria Group IncCOM | 0.1% | $11M | 148,603 | Trimmed -9.6% | $34.45* | $74.94 | +117.6% |
| 23 | CR on Yahoo Finance (opens in a new tab) | Crane CompanyCOM | 0.1% | $10M | 43,937 | Trimmed -5.8% | $85.37* | $204.52 | +139.6% |
| 24 | MKL on Yahoo Finance (opens in a new tab) | Markel CorpCOM | 0.1% | $8M | 4,265 | Trimmed -13.9% | $1503.39* | $1841.96 | +22.5% |
| 25 | JPM on Yahoo Finance (opens in a new tab) | J.P. Morgan ChaseCOM | 0.1% | $8M | 24,719 | Trimmed -83.4% | $136.41* | $337.82 | +147.7% |
| 26 | UNP on Yahoo Finance (opens in a new tab) | Union Pac CorpCOM | 0.1% | $7M | 25,841 | Trimmed -6.5% | $204.21* | $287.24 | +40.7% |
| 27 | DOV on Yahoo Finance (opens in a new tab) | Dover CorpCOM | 0.0% | $4M | 18,851 | Trimmed -1.4% | $137.71* | $195.56 | +42.0% |
| 28 | GOOGL on Yahoo Finance (opens in a new tab) | Alphabet Inc Cl ACOM | 0.0% | $4M | 11,114 | Trimmed -4.3% | $133.45* | $341.57 | +155.9% |
| 29 | COST on Yahoo Finance (opens in a new tab) | Costco Whsl CorpCOM | 0.0% | $3M | 3,399 | Trimmed -26.5% | $538.23* | $991.26 | +84.2% |
| 30 | ABBV on Yahoo Finance (opens in a new tab) | AbbVie IncCOM | 0.0% | $3M | 12,410 | Unchanged | $135.46* | $284.98 | +110.4% |
| 31 | WRBY on Yahoo Finance (opens in a new tab) | Warby Parker Inc Cl ACOM | 0.0% | $2M | 80,000 | Unchanged | $23.56 | $23.92 | +1.5% |
| 32 | VMC on Yahoo Finance (opens in a new tab) | Vulcan MaterialsCOM | 0.0% | $2M | 7,263 | Unchanged | $205.62* | $256.45 | +24.7% |
| 33 | LEVI on Yahoo Finance (opens in a new tab) | Levi Strauss & Co Cl ACOM | 0.0% | $2M | 83,725 | Added +1.2% | $18.19 | $20.35 | +11.9% |
| 34 | AKBLF on Yahoo Finance (opens in a new tab) | ALK Abello A/SCOM | 0.0% | $2M | 53,000 | Added +6.0% | $32.62 | $33.70 | +3.3% |
| 35 | MKC on Yahoo Finance (opens in a new tab) | McCormick IncCOM | 0.0% | $2M | 37,981 | Trimmed -1.6% | $71.86* | $45.86 | -36.2% |
| 36 | DELHF on Yahoo Finance (opens in a new tab) | De'LonghiCOM | 0.0% | $2M | 42,700 | Added +9.5% | $29.77 | $40.60 | +36.4% |
| 37 | COCXF on Yahoo Finance (opens in a new tab) | Lindt & Spruengli AG - RegCOM | 0.0% | $2M | 15 | Unchanged | $99449.88* | $142302.62 | +43.1% |
| 38 | SSPPF on Yahoo Finance (opens in a new tab) | SSP GroupCOM | 0.0% | $2M | 700,000 | Unchanged | $2.26 | $2.54 | +12.4% |
| 39 | AXP on Yahoo Finance (opens in a new tab) | American ExpressCOM | 0.0% | $2M | 5,125 | Trimmed -21.0% | $150.70* | $312.73 | +107.5% |
| 40 | WILLF on Yahoo Finance (opens in a new tab) | Demant A/SCOM | 0.0% | $2M | 41,000 | Unchanged | $37.60 | $52.56 | +39.8% |
| 41 | LRLCF on Yahoo Finance (opens in a new tab) | Loreal SACOM | 0.0% | $2M | 3,705 | Unchanged | $404.54* | $450.00 | +11.2% |
| 42 | FLMNF on Yahoo Finance (opens in a new tab) | FielmannCOM | 0.0% | $2M | 33,000 | Unchanged | $46.01 | $42.50 | -7.6% |
| 43 | KNCRF on Yahoo Finance (opens in a new tab) | KonecranesCOM | 0.0% | $2M | 52,500 | Unchanged | $87.47 | $37.95 | -56.6% |
| 44 | RTLLF on Yahoo Finance (opens in a new tab) | Rational AGCOM | 0.0% | $2M | 2,200 | Unchanged | $833.72 | $629.74 | -24.5% |
| 45 | FLUIF on Yahoo Finance (opens in a new tab) | FluidraCOM | 0.0% | $2M | 70,000 | Unchanged | $24.56 | $22.51 | -8.4% |
| 46 | LTSSF on Yahoo Finance (opens in a new tab) | Lotus BakeriesCOM | 0.0% | $2M | 115 | Unchanged | $2401.74 | $14266.56 | +494.0% |
| 47 | MSFT on Yahoo Finance (opens in a new tab) | Microsoft CorpCOM | 0.0% | $1M | 3,584 | Added +1.1% | $346.96* | $526.88 | +51.9% |
| 48 | AAPL on Yahoo Finance (opens in a new tab) | Apple IncCOM | 0.0% | $1M | 4,601 | Trimmed -3.2% | $176.93* | $342.77 | +93.7% |
| 49 | CABJF on Yahoo Finance (opens in a new tab) | Carlsberg B A/SCOM | 0.0% | $1M | 10,135 | Added +2.7% | $120.68* | $133.00 | +10.2% |
| 50 | — | Sunbelt Rentals Holdings ORDCOM | 0.0% | $1M | 18,178 | Unchanged | — | — | — |
| 51 | HINKF on Yahoo Finance (opens in a new tab) | Heineken NVCOM | 0.0% | $1M | 15,131 | Unchanged | $86.41* | $84.81 | -1.9% |
| 52 | PUIGF on Yahoo Finance (opens in a new tab) | Puig BrandsCOM | 0.0% | $1M | 68,000 | Unchanged | $19.06 | $21.25 | +11.5% |
| 53 | PEP on Yahoo Finance (opens in a new tab) | Pepsico IncCOM | 0.0% | $1M | 9,115 | Trimmed -1.0% | $157.80* | $130.98 | -17.0% |
| 54 | DVDCF on Yahoo Finance (opens in a new tab) | Davide Campari-Milano NVCOM | 0.0% | $1M | 195,048 | Trimmed -3.4% | $10.98* | $7.15 | -34.9% |
| 55 | KMROF on Yahoo Finance (opens in a new tab) | Kalmar Oyj BCOM | 0.0% | $1M | 27,500 | Added +1.9% | — | — | — |
| 56 | YETI on Yahoo Finance (opens in a new tab) | Yeti Holdings IncCOM | 0.0% | $1M | 24,000 | Unchanged | $36.22 | $42.54 | +17.4% |
| 57 | NSRGF on Yahoo Finance (opens in a new tab) | Nestle SA-REGCOM | 0.0% | $1M | 11,130 | Unchanged | $103.31* | $100.00 | -3.2% |
| 58 | HMRZF on Yahoo Finance (opens in a new tab) | H&MCOM | 0.0% | $1M | 64,000 | Unchanged | $13.39 | $18.56 | +38.6% |
| 59 | FULT on Yahoo Finance (opens in a new tab) | Fulton Finl CorpCOM | 0.0% | $1M | 44,250 | Trimmed -9.6% | $11.15* | $22.30 | +99.9% |
| 60 | JBTM on Yahoo Finance (opens in a new tab) | JBT Marel CorpCOM | 0.0% | $1M | 7,250 | Unchanged | $125.95 | $103.93 | -17.5% |
| 61 | ABT on Yahoo Finance (opens in a new tab) | Abbott LabsCOM | 0.0% | $1M | 11,510 | Unchanged | $93.46* | $104.40 | +11.7% |
| 62 | ECTXF on Yahoo Finance (opens in a new tab) | Electrolux ProfessionalCOM | 0.0% | $1M | 230,000 | Unchanged | $4.79 | $4.65 | -2.8% |
| 63 | KO on Yahoo Finance (opens in a new tab) | Coca-ColaCOM | 0.0% | $1M | 12,350 | Trimmed -5.2% | $52.89* | $93.01 | +75.8% |
| 64 | PG on Yahoo Finance (opens in a new tab) | Procter & GambleCOM | 0.0% | $961K | 6,554 | Trimmed -29.0% | $140.68* | $158.64 | +12.8% |
| 65 | WMT on Yahoo Finance (opens in a new tab) | Wal Mart Stores IncCOM | 0.0% | $959K | 8,465 | Trimmed -13.1% | $54.67* | $118.71 | +117.2% |
| 66 | HRI on Yahoo Finance (opens in a new tab) | Herc Holdings IncCOM | 0.0% | $925K | 6,450 | Unchanged | $164.89 | $120.85 | -26.7% |
| 67 | LAMR on Yahoo Finance (opens in a new tab) | Lamar Advertising Co-ACOM | 0.0% | $837K | 5,368 | Unchanged | $73.68* | $149.66 | +103.1% |
| 68 | ZLDSF on Yahoo Finance (opens in a new tab) | Zalando SECOM | 0.0% | $812K | 28,000 | Unchanged | $32.24 | $23.63 | -26.7% |
| 69 | FBLA on Yahoo Finance (opens in a new tab) | FB Bancorp IncCOM | 0.0% | $753K | 50,000 | Unchanged | $12.15 | $16.47 | +35.5% |
| 70 | WFC on Yahoo Finance (opens in a new tab) | Wells FargoCOM | 0.0% | $616K | 7,451 | Unchanged | $38.86* | $83.23 | +114.2% |
| 71 | SWZ on Yahoo Finance (opens in a new tab) | Total Return Securities FundCOM | 0.0% | $580K | 97,667 | Unchanged | $5.31* | $5.80 | +9.2% |
| 72 | HRL on Yahoo Finance (opens in a new tab) | Hormel Foods CorpCOM | 0.0% | $459K | 18,500 | Trimmed -2.6% | $33.16* | $20.36 | -38.6% |
| 73 | OUT on Yahoo Finance (opens in a new tab) | Outfront Media IncCOM | 0.0% | $445K | 13,588 | Unchanged | $16.83 | $30.24 | +79.7% |
| 74 | LTGIF on Yahoo Finance (opens in a new tab) | LT Group IncCOM | 0.0% | $432K | 1,775,000 | Unchanged | — | — | — |
| 75 | CVX on Yahoo Finance (opens in a new tab) | Chevron CorpCOM | 0.0% | $409K | 2,470 | Unchanged | $147.31* | $224.22 | +52.2% |
| 76 | ORCL on Yahoo Finance (opens in a new tab) | Oracle CorpCOM | 0.0% | $398K | 2,715 | Trimmed -24.6% | $111.53* | $128.49 | +15.2% |
| 77 | UNM on Yahoo Finance (opens in a new tab) | Unum GroupCOM | 0.0% | $312K | 3,485 | Trimmed -8.3% | $45.73 | $92.42 | +102.1% |
| 78 | JNJ on Yahoo Finance (opens in a new tab) | Johnson & JohnsonCOM | 0.0% | $282K | 1,112 | Trimmed -14.7% | $202.92 | $255.21 | +25.8% |
| 79 | CAT on Yahoo Finance (opens in a new tab) | Caterpillar IncCOM | 0.0% | $282K | 265 | Trimmed -41.1% | $422.81 | $735.15 | +73.9% |
| 80 | MCD on Yahoo Finance (opens in a new tab) | McDonalds CorpCOM | 0.0% | $256K | 947 | Unchanged | $267.68* | $243.13 | -9.2% |
| 81 | DIS on Yahoo Finance (opens in a new tab) | Disney Walt ProductionsCOM | 0.0% | $240K | 2,492 | Trimmed -1.0% | $79.64* | $110.23 | +38.4% |
| 82 | AMZN on Yahoo Finance (opens in a new tab) | Amazon.com IncCOM | 0.0% | $223K | 936 | Trimmed -10.0% | $228.79 | $249.20 | +8.9% |
| 83 | MRK on Yahoo Finance (opens in a new tab) | Merck IncCOM | 0.0% | $211K | 1,642 | Trimmed -23.3% | $113.28 | $146.65 | +29.5% |
| 84 | — | Cofide SPACOM | 0.0% | $200K | 251,250 | Unchanged | — | — | — |
| 85 | PHJMF on Yahoo Finance (opens in a new tab) | Hanjaya Mandala SampoernaCOM | 0.0% | $187K | 5,000,000 | Unchanged | $0.05* | $0.04 | -26.9% |
Sold out since Q1 2026
- —Exxon Mobil Corp$33M at Q1 2026
- GNRC on Yahoo Finance (opens in a new tab)Generac Holdings Inc$439K at Q1 2026
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 1. Of 0 with six months of history, — beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0000860643-26-000005, compared with the Q1 2026 report. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.