Funds › Gardner Russo & Quinn (Tom Russo) › Q3 2025Gardner Russo & Quinn (Tom Russo) 13F holdings, Q3 2025 Gardner Russo & Quinn (Tom Russo) disclosed 85 US equity positions worth $9.3bn in its Q3 2025 13F filing. Its largest position is BRK/A at 12.5% of the reported book, followed by GOOG and MA. Versus Q2 2025 it opened 2 new positions, added to 11, reduced 39 and exited 2.
$9.3bn 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.
12.5% Largest position The largest single position as a share of the reported equity book.
80.3% 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 Q2 2025: 2 new , 11 added , 39 reduced , 2 exited
50 of 85 Show all 85
Stock Sector Weight Value Shares Δ shares Action BRK/A BERKSHIRE HATHAWAY INC DEL – 12.5% $1.2bn 1,541 −5.1% reduced GOOG ALPHABET INC Communication Services 12.1% $1.1bn 4.65m −8.7% reduced MA MASTERCARD INC Financial Services 9.9% $922m 1.62m −3.7% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 8.1% $756m 4.66m −4.3% reduced Compagnie Financiere Richemont no ticker – 7.4% $687m 3.60m −3.3% reduced Heineken Holding NV no ticker – 6.8% $637m 9.29m +10% added NFLX NETFLIX INC. Communication Services 6.6% $617m 514,425 −5.1% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 6.3% $584m 1.16m +0.6% added Nestle SA Sponsored ADR no ticker – 5.7% $530m 5.78m −3.9% reduced UBER UBER TECHNOLOGIES INC Technology 4.9% $462m 4.71m −3.8% reduced MLM MARTIN MARIETTA MATLS INC Basic Materials 4.6% $433m 687,537 −3.5% reduced Ashtead Group PLC no ticker – 4.0% $373m 5.58m −4.0% reduced Pernod Ricard no ticker – 2.8% $265m 2.70m −4.4% reduced DASH DOORDASH INC Consumer Cyclical 2.7% $252m 926,363 −4.2% reduced JPM JPMORGAN CHASE & CO Financial Services 1.8% $172m 545,030 −5.0% reduced CMCSA COMCAST CORP NEW Communication Services 0.8% $76.8m 2.45m −4.4% reduced BF/A BROWN FORMAN CORP – 0.5% $46.2m 1.72m −6.0% reduced V VISA INC Financial Services 0.4% $41.7m 122,264 −3.7% reduced EXMOC EXXON MOBIL CORP – 0.2% $21.6m 191,742 +0.8% added BF/B BROWN FORMAN CORP – 0.2% $20.7m 765,768 −1.6% reduced Anheuser-Busch InBev SA no ticker – 0.2% $16.8m 282,215 −4.8% reduced MKL MARKEL GROUP INC Financial Services 0.2% $14.6m 7,653 −6.0% reduced MO ALTRIA GROUP INC Consumer Defensive 0.1% $10.9m 165,693 −13% reduced CR CRANE COMPANY Industrials 0.1% $10.4m 56,476 −4.9% reduced UNP UNION PACIFIC CORP Industrials 0.06% $5.9m 24,843 +0.5% added AXP AMERICAN EXPRESS CO Financial Services 0.05% $4.5m 13,632 0.0% held COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.05% $4.3m 4,624 −0.2% held GOOGL ALPHABET INC Communication Services 0.04% $3.8m 15,486 −1.5% reduced DOV DOVER CORP Industrials 0.03% $3.3m 19,551 −9.3% reduced VMC VULCAN MATLS CO Basic Materials 0.03% $3.0m 9,897 −2.6% reduced ABBV ABBVIE INC Healthcare 0.03% $2.9m 12,410 0.0% held MKC MCCORMICK & CO INC Consumer Defensive 0.03% $2.8m 41,591 −0.9% reduced Swiss Helvetia FD Inc no ticker – 0.03% $2.6m 434,237 0.0% held Lindt & Spruengli AG - Reg no ticker – 0.02% $2.3m 15 0.0% held MSFT MICROSOFT CORP Technology 0.02% $1.8m 3,505 −17% reduced Loreal SA no ticker – 0.02% $1.8m 4,050 0.0% held WRBY WARBY PARKER INC Healthcare 0.02% $1.7m 61,000 +5.2% added PG PROCTER & GAMBLE CO Consumer Defensive 0.02% $1.7m 10,920 0.0% held ABT ABBOTT LABORATORIES Healthcare 0.02% $1.5m 11,510 0.0% held PEP PEPSICO INC Consumer Defensive 0.02% $1.5m 10,960 0.0% held SSP Group no ticker – 0.02% $1.5m 660,000 +20% added Konecranes no ticker – 0.02% $1.5m 18,450 −22% reduced Fielmann no ticker – 0.02% $1.5m 25,000 +8.7% added Fluidra no ticker – 0.02% $1.4m 53,000 0.0% held Demant A/S no ticker – 0.02% $1.4m 41,000 0.0% held Carlsberg B A/S no ticker – 0.02% $1.4m 12,055 +0.7% added Davide Campari-Milano NV no ticker – 0.01% $1.3m 210,353 −10% reduced Electrolux Professional no ticker – 0.01% $1.3m 200,000 +14% added De'Longhi no ticker – 0.01% $1.3m 35,250 0.0% held H HYATT HOTELS CORP Consumer Cyclical 0.01% $1.2m 8,675 0.0% held
Exited since Q2 2025 2 rows
Stock Prior weight Prior value RL RALPH LAUREN CORP 0.01% $1.1m Diageo PLC no ticker 0.0% $202k
Sector mix Unclassified 46.9% Communication Services 19.6% Financial Services 12.4% Consumer Defensive 8.4% Technology 5.0% Basic Materials 4.7% Consumer Cyclical 2.7% Industrials 0.2% Healthcare 0.07% 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