Funds › Gardner Russo & Quinn (Tom Russo) › Q4 2025Gardner Russo & Quinn (Tom Russo) 13F holdings, Q4 2025 Gardner Russo & Quinn (Tom Russo) disclosed 87 US equity positions worth $9.3bn in its Q4 2025 13F filing. Its largest position is GOOG at 13.3% of the reported book, followed by BRK/A and MA. Versus Q3 2025 it opened 5 new positions, added to 16, reduced 28 and exited 3.
$9.3bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
87 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.3% Largest position The largest single position as a share of the reported equity book.
80.9% 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 Q3 2025: 5 new , 16 added , 28 reduced , 3 exited
50 of 87 Show all 87
Stock Sector Weight Value Shares Δ shares Action GOOG ALPHABET INC Communication Services 13.3% $1.2bn 3.93m −15% reduced BRK/A BERKSHIRE HATHAWAY INC DEL – 12.1% $1.1bn 1,488 −3.4% reduced MA MASTERCARD INC Financial Services 9.8% $905m 1.59m −2.1% reduced Compagnie Financiere Richemont no ticker – 8.2% $761m 3.50m −2.8% reduced PM PHILIP MORRIS INTL INC Consumer Defensive 8.1% $753m 4.70m +0.8% added Heineken Holding NV no ticker – 7.3% $674m 9.20m −0.9% reduced BRK/B BERKSHIRE HATHAWAY INC DEL – 6.1% $566m 1.13m −3.1% reduced Nestle SA Sponsored ADR no ticker – 6.0% $555m 5.62m −2.8% reduced NFLX NETFLIX INC. Communication Services 5.1% $469m 5.00m +873% added MLM MARTIN MARIETTA MATLS INC Basic Materials 4.9% $452m 726,612 +5.7% added UBER UBER TECHNOLOGIES INC Technology 4.5% $420m 5.15m +9.2% added Ashtead Group PLC no ticker – 4.5% $418m 6.11m +9.6% added Pernod Ricard no ticker – 2.4% $219m 2.55m −5.4% reduced DASH DOORDASH INC Consumer Cyclical 2.3% $211m 930,467 +0.4% held JPM JPMORGAN CHASE & CO Financial Services 1.8% $170m 528,817 −3.0% reduced CMCSA COMCAST CORP NEW Communication Services 0.7% $68.8m 2.30m −5.9% reduced BF/A BROWN FORMAN CORP – 0.5% $43.9m 1.67m −2.9% reduced V VISA INC Financial Services 0.4% $38.2m 108,818 −11% reduced EXMOC EXXON MOBIL CORP – 0.3% $23.2m 193,033 +0.7% added BF/B BROWN FORMAN CORP – 0.2% $18.5m 708,179 −7.5% reduced Anheuser-Busch InBev SA no ticker – 0.2% $17.1m 265,525 −5.9% reduced MKL MARKEL GROUP INC Financial Services 0.1% $13.5m 6,279 −18% reduced CR CRANE COMPANY Industrials 0.1% $10.0m 54,401 −3.7% reduced MO ALTRIA GROUP INC Consumer Defensive 0.1% $9.5m 164,772 −0.6% reduced UNP UNION PACIFIC CORP Industrials 0.06% $5.8m 24,984 +0.6% added GOOGL ALPHABET INC Communication Services 0.05% $4.7m 14,916 −3.7% reduced AXP AMERICAN EXPRESS CO Financial Services 0.05% $4.5m 12,160 −11% reduced COST COSTCO WHOLESALE CORPORATION Consumer Defensive 0.04% $4.0m 4,624 0.0% held DOV DOVER CORP Industrials 0.04% $3.8m 19,526 −0.1% held Carlsberg B A/S no ticker – 0.03% $3.0m 23,091 +92% added ABBV ABBVIE INC Healthcare 0.03% $2.8m 12,410 0.0% held Diageo PLC no ticker – 0.03% $2.8m 129,805 – new MKC MCCORMICK & CO INC Consumer Defensive 0.03% $2.8m 40,666 −2.2% reduced VMC VULCAN MATLS CO Basic Materials 0.02% $2.3m 7,912 −20% reduced Lindt & Spruengli AG - Reg no ticker – 0.02% $2.2m 15 0.0% held Konecranes no ticker – 0.02% $2.0m 18,450 0.0% held SSP Group no ticker – 0.02% $1.8m 660,000 0.0% held MSFT MICROSOFT CORP Technology 0.02% $1.8m 3,705 +5.7% added PG PROCTER & GAMBLE CO Consumer Defensive 0.02% $1.7m 11,951 +9.4% added Fluidra no ticker – 0.02% $1.6m 59,000 +11% added Loreal SA no ticker – 0.02% $1.6m 3,705 −8.5% reduced Davide Campari-Milano NV no ticker – 0.02% $1.6m 242,103 +15% added De'Longhi no ticker – 0.02% $1.5m 35,250 0.0% held ABT ABBOTT LABORATORIES Healthcare 0.02% $1.4m 11,510 0.0% held WRBY WARBY PARKER INC Healthcare 0.02% $1.4m 65,000 +6.6% added Electrolux Professional no ticker – 0.02% $1.4m 200,000 0.0% held PEP PEPSICO INC Consumer Defensive 0.02% $1.4m 9,794 −11% reduced H HYATT HOTELS CORP Consumer Cyclical 0.02% $1.4m 8,675 0.0% held Demant A/S no ticker – 0.01% $1.4m 41,000 0.0% held Fielmann no ticker – 0.01% $1.3m 25,700 +2.8% added
Exited since Q3 2025 3 rows
Stock Prior weight Prior value Deliveroo PLC no ticker 0.01% $943k TFC TRUIST FINL CORP 0.0% $428k FMX FOMENTO ECONOMICO MEXICANO S 0.0% $317k
Sector mix Unclassified 48.1% Communication Services 19.2% Financial Services 12.3% Consumer Defensive 8.4% Basic Materials 4.9% Technology 4.6% Consumer Cyclical 2.3% Industrials 0.2% Healthcare 0.06% 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