# GARDNER RUSSO & QUINN LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 860643. Source: https://holderbook.com/funds/860643-gardner-russo-quinn-llc/

- Reported value: $8.9B
- Positions: 85
- Weight of the ten largest: 80.0%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.1B | 3,048,077 | 12.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $1.1B | 1,432 | 12.0% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $819.7M | 4,530,846 | 9.2% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $781.9M | 1,522,395 | 8.8% | 31 |
| Compagnie Financiere Richemont | - | $773.7M | 3,345,346 | 8.7% | 31 |
| Heineken Holding NV | [HKHHF](https://holderbook.com/stocks/HKHHF/) | $679.6M | 8,905,683 | 7.6% | 31 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $545.8M | 5,314,898 | 6.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $540.1M | 1,079,364 | 6.1% | 31 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $441.2M | 5,897,825 | 4.9% | 2 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $407.7M | 5,710,088 | 4.6% | 17 |
| MARTIN MARIETTA MATLS INC | [MLM](https://holderbook.com/stocks/MLM/) | $406.8M | 705,367 | 4.6% | 31 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $366.9M | 5,084,015 | 4.1% | 11 |
| Eurofins Scientific | - | $320.9M | 4,094,034 | 3.6% | 2 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $218.9M | 1,186,104 | 2.5% | 9 |
| PERNOD RICARD SA | - | $171.7M | 2,351,360 | 1.9% | 31 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $53.9M | 2,193,660 | 0.6% | 31 |
| BROWN FORMAN CORP | [BFA](https://holderbook.com/stocks/BFA/) | $43.7M | 1,597,815 | 0.5% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $29.9M | 87,256 | 0.3% | 31 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $24.8M | 181,200 | 0.3% | 1 |
| BROWN FORMAN CORP | [BFB](https://holderbook.com/stocks/BFB/) | $17.0M | 639,282 | 0.2% | 31 |
| Anheuser-Busch InBev SA | - | $14.2M | 171,294 | 0.2% | 31 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $10.7M | 148,603 | 0.1% | 31 |
| CRANE COMPANY | [CR](https://holderbook.com/stocks/CR/) | $9.8M | 43,937 | 0.1% | 13 |
| MARKEL GROUP INC | [MKL](https://holderbook.com/stocks/MKL/) | $8.3M | 4,265 | 0.1% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $8.1M | 24,719 | 0.1% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $7.0M | 25,841 | 0.1% | 31 |
| DOVER CORP | [DOV](https://holderbook.com/stocks/DOV/) | $4.2M | 18,851 | 0.0% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $4.0M | 11,114 | 0.0% | 31 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $3.2M | 3,399 | 0.0% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $3.1M | 12,410 | 0.0% | 31 |
| WARBY PARKER INC | [WRBY](https://holderbook.com/stocks/WRBY/) | $2.4M | 80,000 | 0.0% | 6 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $2.1M | 7,263 | 0.0% | 31 |
| LEVI STRAUSS & CO NEW | [LEVI](https://holderbook.com/stocks/LEVI/) | $2.1M | 83,725 | 0.0% | 6 |
| ALK Abello A/S | - | $2.0M | 53,000 | 0.0% | 3 |
| MCCORMICK & CO INC | [MKC](https://holderbook.com/stocks/MKC/) | $1.9M | 37,981 | 0.0% | 31 |
| De'Longhi | - | $1.8M | 42,700 | 0.0% | 6 |
| Lindt & Spruengli AG - Reg | - | $1.8M | 15 | 0.0% | 31 |
| SSP Group | - | $1.7M | 700,000 | 0.0% | 6 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.7M | 5,125 | 0.0% | 31 |
| DEMANT A S SHS | - | $1.7M | 41,000 | 0.0% | 6 |
| L'Oreal S.A. | - | $1.6M | 3,705 | 0.0% | 31 |
| Fielmann | - | $1.6M | 33,000 | 0.0% | 6 |
| Konecranes | - | $1.6M | 52,500 | 0.0% | 6 |
| RATIONAL AG | - | $1.6M | 2,200 | 0.0% | 6 |
| FLUIDRA SA EUR1 ISIN ES0137650018 SEDOL B28V440 | - | $1.6M | 70,000 | 0.0% | 6 |
| Lotus Bakeries | - | $1.5M | 115 | 0.0% | 6 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.3M | 3,584 | 0.0% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.3M | 4,601 | 0.0% | 31 |
| Carlsberg B A/S | - | $1.3M | 10,135 | 0.0% | 25 |
| Sunbelt Rentals Holdings ORD | - | $1.3M | 18,178 | 0.0% | 2 |
| Heineken NV | - | $1.3M | 15,131 | 0.0% | 31 |
| Puig Brands | - | $1.3M | 68,000 | 0.0% | 6 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $1.2M | 9,115 | 0.0% | 31 |
| Davide Campari-Milano NV | - | $1.2M | 195,048 | 0.0% | 25 |
| Kalmar Oyj B | - | $1.2M | 27,500 | 0.0% | 4 |
| YETI HLDGS INC | [YETI](https://holderbook.com/stocks/YETI/) | $1.2M | 24,000 | 0.0% | 6 |
| Nestle SA | - | $1.1M | 11,130 | 0.0% | 31 |
| H&M | - | $1.1M | 64,000 | 0.0% | 6 |
| FULTON FINL CORP PA | [FULT](https://holderbook.com/stocks/FULT/) | $1.1M | 44,250 | 0.0% | 31 |
| JBT MAREL CORPORATION | [JBTM](https://holderbook.com/stocks/JBTM/) | $1.1M | 7,250 | 0.0% | 6 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $1.0M | 11,510 | 0.0% | 31 |
| Electrolux Professional | - | $1.0M | 230,000 | 0.0% | 6 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.0M | 12,350 | 0.0% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $961.1K | 6,554 | 0.0% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $958.7K | 8,465 | 0.0% | 31 |
| HERC HLDGS INC | [HRI](https://holderbook.com/stocks/HRI/) | $924.5K | 6,450 | 0.0% | 6 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $837.3K | 5,368 | 0.0% | 31 |
| ZALANDO SE NPV | - | $812.2K | 28,000 | 0.0% | 5 |
| FB BANCORP INC | [FBLA](https://holderbook.com/stocks/FBLA/) | $753.0K | 50,000 | 0.0% | 7 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $615.8K | 7,451 | 0.0% | 31 |
| TOTAL RETURN SECURITIES FUND | [SWZ](https://holderbook.com/stocks/SWZ/) | $580.1K | 97,667 | 0.0% | 24 |
| HORMEL FOODS CORP | [HRL](https://holderbook.com/stocks/HRL/) | $459.2K | 18,500 | 0.0% | 31 |
| OUTFRONT MEDIA INC | [OUT](https://holderbook.com/stocks/OUT/) | $445.1K | 13,588 | 0.0% | 7 |
| LT Group Inc | - | $431.5K | 1,775,000 | 0.0% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $409.4K | 2,470 | 0.0% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $397.9K | 2,715 | 0.0% | 25 |
| UNUM GROUP | [UNM](https://holderbook.com/stocks/UNM/) | $311.6K | 3,485 | 0.0% | 10 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $282.4K | 1,112 | 0.0% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $282.2K | 265 | 0.0% | 4 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $256.0K | 947 | 0.0% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $239.9K | 2,492 | 0.0% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $223.1K | 936 | 0.0% | 3 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $211.0K | 1,642 | 0.0% | 2 |
| Cir SPA | - | $199.6K | 251,250 | 0.0% | 7 |
| Hanjaya Mandala Sampoerna | - | $187.4K | 5,000,000 | 0.0% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.2% | +14.8% | -9.6% | 80% |
| Q1 2026 | -5.9% | -4.6% | -1.3% | 77% |
| Q4 2025 | +1.9% | +2.4% | -0.5% | 85% |
| Q3 2025 | +3.2% | +7.8% | -4.7% | 85% |
| Q2 2025 | +7.0% | +10.5% | -3.5% | 86% |
| Q1 2025 | +8.7% | -4.6% | +13.3% | 85% |
| Q4 2024 | -1.2% | +2.1% | -3.3% | 95% |
| Q3 2024 | +5.0% | +5.4% | -0.4% | 91% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $8.9B | 85 |
| Q1 2026 | $8.5B | 86 |
| Q4 2025 | $9.3B | 87 |
| Q3 2025 | $9.3B | 85 |
| Q2 2025 | $9.4B | 85 |
| Q1 2025 | $8.9B | 86 |
| Q4 2024 | $8.8B | 68 |
| Q3 2024 | $9.7B | 77 |
| Q2 2024 | $9.5B | 77 |
| Q1 2024 | $9.7B | 81 |
| Q4 2023 | $9.8B | 82 |
| Q3 2023 | $9.2B | 82 |