GARDNER RUSSO & QUINN LLC
Long book
$8.50B
Q1 2026
Positions
86
Top-10 weight
80%
concentration
Last quarter
+8.0%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsGARDNER RUSSO & QUINN LLC is a diversified fundamental manager, running a $8.50B US long book across 86 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BERKSHIRE HATHAWAY INC-CL A, ALPHABET INC-CL C, MASTERCARD INC - A, PHILIP MORRIS INTERNATIONAL, HEINEKEN HOLDING NV.
Over the last 9 quarters its long book ran on average 1.6pp per quarter behind the S&P 500, beating the index in 1 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.3%
Q2 2024
+5.1%
Q3 2024
+1.5%
Q4 2024
+7.8%
Q1 2025
+6.9%
Q2 2025
+3.8%
Q3 2025
+0.3%
Q4 2025
-7.3%
Q1 2026
+8.0%
Sector allocation
Services media 28%
Other 21%
Financials 21%
Technology 12%
Consumer staples 11%
Materials 5%
Communications 1%
Energy 0%
Long book by quarter
What does GARDNER RUSSO own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1.5K | $1.05B | 12.3% | -1.9% |
| GOOG ALPHABET INC-CL C | Technology | 3.4M | $961.1M | 11.3% | -14.8% |
| MA MASTERCARD INC - A | Services media | 1.6M | $777.0M | 9.1% | -1.9% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 4.6M | $761.4M | 9.0% | -2.0% |
| HEIO HEINEKEN HOLDING NV | — | 9.1M | $643.4M | 7.6% | -1.1% |
| RITN CIE FINANCIERE RICHEMO-A REG | — | 3.4M | $594.4M | 7.0% | -1.6% |
| NFLX NETFLIX INC | Services media | 5.6M | $539.5M | 6.3% | +12.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.1M | $532.1M | 6.3% | -1.3% |
| MLM MARTIN MARIETTA MATERIALS | Materials | 715.4K | $421.1M | 5.0% | -1.5% |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 6.0M | $393.7M | 4.6% | New |
| UBER UBER TECHNOLOGIES INC | Services media | 5.2M | $372.1M | 4.4% | +0.6% |
| ERF EUROFINS SCIENTIFIC | — | 3.1M | $223.6M | 2.6% | New |
| RI PERNOD RICARD SA | — | 2.5M | $183.5M | 2.2% | -2.9% |
| DASH DOORDASH INC - A | Services media | 1.0M | $150.3M | 1.8% | +7.6% |
| CMCSA COMCAST CORP-CLASS A | Communications | 2.3M | $64.7M | 0.8% | -2.0% |
| BF/A BROWN-FORMAN CORP-CLASS A | Consumer staples | 1.6M | $44.1M | 0.5% | -1.2% |
| JPM JPMORGAN CHASE & CO | Financials | 148.8K | $43.8M | 0.5% | -71.9% |
| XOM EXXON MOBIL CORP | Energy | 193.9K | $32.9M | 0.4% | +0.5% |
| V VISA INC-CLASS A SHARES | Services media | 93.8K | $28.4M | 0.3% | -13.8% |
| BF/B BROWN-FORMAN CORP-CLASS B | Consumer staples | 659.7K | $17.4M | 0.2% | -6.8% |
| BUD ANHEUSER-BUSCH INBEV SA/NV | Consumer staples | 184.0K | $12.7M | 0.1% | -30.7% |
| MO ALTRIA GROUP INC | Consumer staples | 164.5K | $10.9M | 0.1% | -0.2% |
| MKL MARKEL GROUP INC | Financials | 5.0K | $9.5M | 0.1% | -21.1% |
| CR CRANE CO | Industrials | 46.6K | $8.0M | 0.1% | -14.3% |
| UNP UNION PACIFIC CORP | Industrials | 27.6K | $6.7M | 0.1% | +10.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 4.6K | $4.6M | 0.1% | Held |
| DOV DOVER CORP | Industrials | 19.1K | $4.0M | 0.0% | -2.0% |
| GOOGL ALPHABET INC-CL A | Technology | 11.6K | $3.3M | 0.0% | -22.2% |
| ABBV ABBVIE INC | Healthcare | 12.4K | $2.7M | 0.0% | Held |
| LISN CHOCOLADEFABRIKEN LINDT-REG | — | 15 | $2.1M | 0.0% | Held |
| VMC VULCAN MATERIALS CO | Materials | 7.3K | $2.0M | 0.0% | -8.2% |
| AXP AMERICAN EXPRESS CO | Financials | 6.5K | $2.0M | 0.0% | -46.7% |
| MKC MCCORMICK & CO-NON VTG SHRS | Consumer staples | 38.6K | $1.9M | 0.0% | -5.1% |
| KCR KONECRANES OYJ | — | 52.5K | $1.7M | 0.0% | +184.6% |
| WRBY WARBY PARKER INC-CLASS A | Healthcare | 80.0K | $1.7M | 0.0% | +23.1% |
| FIE FIELMANN GROUP AG | — | 33.0K | $1.7M | 0.0% | +28.4% |
| SSPG SSP GROUP PLC | — | 700.0K | $1.6M | 0.0% | +6.1% |
| FDRE FLUIDRA SA | — | 70.0K | $1.6M | 0.0% | +18.6% |
| RAA RATIONAL AG | — | 2.2K | $1.6M | 0.0% | +125.6% |
| ALKB ALK-ABELLO A/S | — | 50.0K | $1.6M | 0.0% | +42.9% |
| LEVI LEVI STRAUSS & CO- CLASS A | Other | 82.7K | $1.5M | 0.0% | +73.3% |
| OR L'OREAL | Materials | 3.7K | $1.5M | 0.0% | Held |
| PEP PEPSICO INC | Consumer staples | 9.2K | $1.4M | 0.0% | -6.0% |
| 58H DAVIDE CAMPARI-MILANO NV | — | 202.0K | $1.4M | 0.0% | -16.6% |
| KALMAR KALMAR OYJ-B SHARE | — | 27.0K | $1.3M | 0.0% | +12.5% |
| DELHF DE'LONGHI SPA | — | 39.0K | $1.3M | 0.0% | +10.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 9.2K | $1.3M | 0.0% | -22.8% |
| PUIG PUIG BRANDS SA-B | — | 68.0K | $1.3M | 0.0% | Held |
| MSFT MICROSOFT CORP | Technology | 3.5K | $1.3M | 0.0% | -4.3% |
| LOTB LOTUS BAKERIES | — | 115 | $1.3M | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 86 | $8.50B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 87 | $9.26B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 85 | $9.33B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 85 | $9.41B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 86 | $8.92B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 68 | $8.85B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 77 | $9.74B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 77 | $9.47B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 81 | $9.75B | canonical | SEC ↗ |
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