Funds › Gardner Russo & Quinn (Tom Russo) › Q2 2025Gardner Russo & Quinn (Tom Russo) 13F holdings, Q2 2025 Gardner Russo & Quinn (Tom Russo) disclosed 85 US equity positions worth $9.4bn in its Q2 2025 13F filing. Its largest position is BRK/A at 12.6% of the reported book, followed by MA and GOOG. Versus Q1 2025 it opened 2 new positions, added to 12, reduced 43 and exited 3.
$9.4bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
85 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.6% Largest position The largest single position as a share of the reported equity book.
80.6% Top 10 weight The ten largest positions together, as a share of the reported equity book.
13 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
85 Quarters on file since Q1 1999 Quarters for which this manager's 13F holdings are on record. Holdings Against Q1 2025: 2 new , 12 added , 43 reduced , 3 exited
50 of 85 Show all 85
Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 12.6% $1.2bn 1,624 −2.0% reduced MA MASTERCARD INC Financial Services 10.1% $946m 1.68m −1.9% reduced GOOG ALPHABET INC Communication Services 9.6% $903m 5.09m −0.3% held PM PHILIP MORRIS INTL INC Consumer Defensive 9.4% $888m 4.87m −2.9% reduced NFLX NETFLIX INC. Communication Services 7.7% $726m 542,334 −2.9% reduced Compagnie Financiere Richemont no ticker – 7.4% $700m 3.73m −1.6% reduced Heineken Holding NV no ticker – 6.7% $626m 8.43m +3.6% added Nestle SA Sponsored ADR no ticker – 6.3% $597m 6.01m −2.1% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 6.0% $561m 1.15m −2.2% reduced UBER UBER TECHNOLOGIES INC Technology 4.9% $457m 4.90m +10% added MLM MARTIN MARIETTA MATLS INC Basic Materials 4.2% $391m 712,779 −0.2% held Ashtead Group PLC no ticker – 4.0% $372m 5.81m +5.4% added Pernod Ricard no ticker – 3.0% $280m 2.82m −2.0% reduced DASH DOORDASH INC Consumer Cyclical 2.5% $238m 966,760 +22% added JPM JPMORGAN CHASE & CO Financial Services 1.8% $166m 573,700 −45% reduced CMCSA COMCAST CORP NEW Communication Services 1.0% $91.3m 2.56m −2.2% reduced BF/A BROWN FORMAN CORP – 0.5% $50.2m 1.83m −2.3% reduced V VISA INC Financial Services 0.5% $45.1m 126,944 −2.9% reduced BF/B BROWN FORMAN CORP – 0.2% $21.0m 778,521 −5.2% reduced EXMOC EXXON MOBIL CORP – 0.2% $20.5m 190,301 +0.4% held Anheuser-Busch InBev SA no ticker – 0.2% $20.3m 296,300 −13% reduced MKL MARKEL GROUP INC Financial Services 0.2% $16.3m 8,143 −1.6% reduced CR CRANE COMPANY Industrials 0.1% $11.3m 59,355 −1.6% reduced MO ALTRIA GROUP INC Consumer Defensive 0.1% $11.2m 191,440 −22% reduced UNP UNION PACIFIC CORP Industrials 0.06% $5.7m 24,715 +0.5% added COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.05% $4.6m 4,633 −0.1% held AXP AMERICAN EXPRESS CO Financial Services 0.05% $4.3m 13,634 −0.2% held DOV DOVER CORP Industrials 0.04% $3.9m 21,551 −1.8% reduced MKC MCCORMICK & CO INC Consumer Defensive 0.03% $3.2m 41,976 −1.5% reduced GOOGL ALPHABET INC Communication Services 0.03% $2.8m 15,729 +0.8% added Swiss Helvetia FD Inc no ticker – 0.03% $2.8m 434,237 +48% added VMC VULCAN MATLS CO Basic Materials 0.03% $2.7m 10,162 −46% reduced Lindt & Spruengli AG - Reg no ticker – 0.03% $2.5m 15 −6.3% reduced ABBV ABBVIE INC Healthcare 0.02% $2.3m 12,410 0.0% held MSFT MICROSOFT CORP Technology 0.02% $2.1m 4,240 −8.2% reduced Konecranes no ticker – 0.02% $1.9m 23,650 0.0% held WFC WELLS FARGO & CO Financial Services 0.02% $1.8m 22,848 −64% reduced PG PROCTER & GAMBLE CO Consumer Defensive 0.02% $1.7m 10,920 −0.7% reduced Loreal SA no ticker – 0.02% $1.7m 4,050 −0.9% reduced Demant A/S no ticker – 0.02% $1.7m 41,000 +1.9% added Carlsberg B A/S no ticker – 0.02% $1.7m 11,967 +16% added Davide Campari-Milano NV no ticker – 0.02% $1.6m 234,393 −0.3% held ABT ABBOTT LABORATORIES Healthcare 0.02% $1.6m 11,510 0.0% held Fielmann no ticker – 0.02% $1.5m 23,000 +3.1% added PEP PEPSICO INC Consumer Defensive 0.02% $1.4m 10,960 −0.2% held Puig Brands no ticker – 0.01% $1.3m 68,000 0.0% held Fluidra no ticker – 0.01% $1.3m 53,000 +5.0% added Heineken NV no ticker – 0.01% $1.3m 15,131 0.0% held SSP Group no ticker – 0.01% $1.3m 548,000 0.0% held WRBY WARBY PARKER INC Healthcare 0.01% $1.3m 58,000 +12% added
Exited since Q1 2025 3 rows
Stock Prior weight Prior value MRK MERCK & CO. INC 0.0% $248k Heineken Holding NV ADR no ticker 0.0% $226k BP BP PLC 0.0% $213k
Sector mix Unclassified 47.4% Communication Services 18.3% Financial Services 12.6% Consumer Defensive 9.7% Technology 4.9% Basic Materials 4.2% Consumer Cyclical 2.6% Industrials 0.3% Healthcare 0.05% Real Estate 0.01% Energy 0.0% Book over time Every quarter on file (85) Where Gardner Russo & Quinn (Tom Russo) was early Concentration and tenure
13.3% Median largest position, all quarters The largest single position as a share of the reported equity book.
77.1% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
2 Median completed holding, quarters