GARDNER RUSSO & QUINN LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ALPHABET INC | GOOG | $1.1B | 3,048,077 | +0.75pp | 31q | -9.0%-$106.8M | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $1.1B | 1,432 | -0.33pp | 31q | -1.9%-$21.0M | |
| PHILIP MORRIS INTL INC | PM | $819.7M | 4,530,846 | +0.22pp | 31q | -1.6%-$13.4M | |
| MASTERCARD INCORPORATED | MA | $781.9M | 1,522,395 | -0.39pp | 31q | -2.1%-$16.8M | |
| Compagnie Financiere Richemont | $773.7M | 3,345,346 | +1.67pp | 31q | -3.0%-$23.6M | ||
| Heineken Holding NV | HKHHF | $679.6M | 8,905,683 | +0.04pp | 31q | -2.2%-$14.9M | |
| NESTLE SA ADR | NSRGY | $545.8M | 5,314,898 | -0.28pp | 31q | -3.0%-$17.1M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $540.1M | 1,079,364 | -0.21pp | 31q | -2.8%-$15.5M | |
| SUNBELT RENTALS HOLDINGS INC | SUNB | $441.2M | 5,897,825 | +0.31pp | 2q | -2.5%-$11.3M | |
| NETFLIX INC | NFLX | $407.7M | 5,710,088 | -1.78pp | 17q | +1.8%+$7.1M | |
| MARTIN MARIETTA MATLS INC | MLM | $406.8M | 705,367 | -0.40pp | 31q | -1.4%-$5.8M | |
| UBER TECHNOLOGIES INC | UBER | $366.9M | 5,084,015 | -0.27pp | 11q | -1.7%-$6.5M | |
| Eurofins Scientific | $320.9M | 4,094,034 | +0.96pp | 2q | +32.2%+$78.2M | ||
| DOORDASH INC | DASH | $218.9M | 1,186,104 | +0.68pp | 9q | +18.5%+$34.1M | |
| PERNOD RICARD SA | $171.7M | 2,351,360 | -0.24pp | 31q | -5.2%-$9.4M | ||
| COMCAST CORP NEW | CMCSA | $53.9M | 2,193,660 | -0.16pp | 31q | -2.6%-$1.5M | |
| BROWN FORMAN CORP | BFA | $43.7M | 1,597,815 | -0.03pp | 31q | -3.0%-$1.4M | |
| VISA INC | V | $29.9M | 87,256 | flat | 31q | -7.0%-$2.2M | |
| EXXONMOBIL HOLDINGS CORP COM SHS | XOM | $24.8M | 181,200 | - | new | NEW | |
| BROWN FORMAN CORP | BFB | $17.0M | 639,282 | -0.01pp | 31q | -3.1%-$544.0K | |
| Anheuser-Busch InBev SA | $14.2M | 171,294 | +0.01pp | 31q | -6.9%-$1.1M | ||
| ALTRIA GROUP INC | MO | $10.7M | 148,603 | -0.01pp | 31q | -9.6%-$1.1M | |
| CRANE COMPANY | CR | $9.8M | 43,937 | +0.02pp | 13q | -5.8%-$599.8K | |
| MARKEL GROUP INC | MKL | $8.3M | 4,265 | -0.02pp | 31q | -13.9%-$1.3M | |
| JPMORGAN CHASE & CO | JPM | $8.1M | 24,719 | -0.42pp | 31q | -83.4%-$40.6M | |
| UNION PAC CORP | UNP | $7.0M | 25,841 | flat | 31q | -6.5%-$488.8K | |
| DOVER CORP | DOV | $4.2M | 18,851 | flat | 31q | -1.4%-$61.7K | |
| ALPHABET INC | GOOGL | $4.0M | 11,114 | +0.01pp | 31q | -4.3%-$177.3K | |
| COSTCO WHOLESALE CORPORATION | COST | $3.2M | 3,399 | -0.02pp | 31q | -26.5%-$1.1M | |
| ABBVIE INC | ABBV | $3.1M | 12,410 | flat | 31q | HELD | |
| WARBY PARKER INC | WRBY | $2.4M | 80,000 | +0.01pp | 6q | HELD | |
| VULCAN MATLS CO | VMC | $2.1M | 7,263 | flat | 31q | HELD | |
| LEVI STRAUSS & CO NEW | LEVI | $2.1M | 83,725 | +0.01pp | 6q | +1.2%+$24.8K | |
| ALK Abello A/S | $2.0M | 53,000 | flat | 3q | +6.0%+$112.1K | ||
| MCCORMICK & CO INC | MKC | $1.9M | 37,981 | flat | 31q | -1.6%-$30.3K | |
| De'Longhi | $1.8M | 42,700 | flat | 6q | +9.5%+$157.1K | ||
| Lindt & Spruengli AG - Reg | $1.8M | 15 | -0.01pp | 31q | HELD | ||
| SSP Group | $1.7M | 700,000 | flat | 6q | HELD | ||
| AMERICAN EXPRESS CO | AXP | $1.7M | 5,125 | flat | 31q | -21.0%-$460.0K | |
| DEMANT A S SHS | $1.7M | 41,000 | flat | 6q | HELD | ||
| L'Oreal S.A. | $1.6M | 3,705 | flat | 31q | HELD | ||
| Fielmann | $1.6M | 33,000 | flat | 6q | HELD | ||
| Konecranes | $1.6M | 52,500 | flat | 6q | HELD | ||
| RATIONAL AG | $1.6M | 2,200 | flat | 6q | HELD | ||
| FLUIDRA SA EUR1 ISIN ES0137650018 SEDOL B28V440 | $1.6M | 70,000 | flat | 6q | HELD | ||
| Lotus Bakeries | $1.5M | 115 | flat | 6q | HELD | ||
| MICROSOFT CORP | MSFT | $1.3M | 3,584 | flat | 31q | +1.1%+$14.9K | |
| APPLE INC | AAPL | $1.3M | 4,601 | flat | 31q | -3.2%-$43.4K | |
| Carlsberg B A/S | $1.3M | 10,135 | flat | 25q | +2.7%+$34.5K | ||
| Sunbelt Rentals Holdings ORD | $1.3M | 18,178 | flat | 2q | HELD | ||
| Heineken NV | $1.3M | 15,131 | flat | 31q | HELD | ||
| Puig Brands | $1.3M | 68,000 | flat | 6q | HELD | ||
| PEPSICO INC | PEP | $1.2M | 9,115 | flat | 31q | -1.0%-$12.2K | |
| Davide Campari-Milano NV | $1.2M | 195,048 | flat | 25q | -3.4%-$43.4K | ||
| Kalmar Oyj B | $1.2M | 27,500 | flat | 4q | +1.9%+$22.0K | ||
| YETI HLDGS INC | YETI | $1.2M | 24,000 | flat | 6q | HELD | |
| Nestle SA | $1.1M | 11,130 | flat | 31q | HELD | ||
| H&M | $1.1M | 64,000 | flat | 6q | HELD | ||
| FULTON FINL CORP PA | FULT | $1.1M | 44,250 | flat | 31q | -9.6%-$113.7K | |
| JBT MAREL CORPORATION | JBTM | $1.1M | 7,250 | flat | 6q | HELD | |
| ABBOTT LABORATORIES | ABT | $1.0M | 11,510 | flat | 31q | HELD | |
| Electrolux Professional | $1.0M | 230,000 | flat | 6q | HELD | ||
| COCA COLA CO | KO | $1.0M | 12,350 | flat | 31q | -5.2%-$54.9K | |
| PROCTER & GAMBLE CO | PG | $961.1K | 6,554 | flat | 31q | -29.0%-$392.3K | |
| WALMART INC | WMT | $958.7K | 8,465 | flat | 31q | -13.1%-$144.4K | |
| HERC HLDGS INC | HRI | $924.5K | 6,450 | flat | 6q | HELD | |
| LAMAR ADVERTISING CO | LAMR | $837.3K | 5,368 | flat | 31q | HELD | |
| ZALANDO SE NPV | $812.2K | 28,000 | flat | 5q | HELD | ||
| FB BANCORP INC | FBLA | $753.0K | 50,000 | flat | 7q | HELD | |
| WELLS FARGO & CO | WFC | $615.8K | 7,451 | flat | 31q | HELD | |
| TOTAL RETURN SECURITIES FUND | SWZ | $580.1K | 97,667 | flat | 24q | HELD | |
| HORMEL FOODS CORP | HRL | $459.2K | 18,500 | flat | 31q | -2.6%-$12.4K | |
| OUTFRONT MEDIA INC | OUT | $445.1K | 13,588 | flat | 7q | HELD | |
| LT Group Inc | $431.5K | 1,775,000 | flat | 31q | HELD | ||
| CHEVRON CORPORATION | CVX | $409.4K | 2,470 | flat | 31q | HELD | |
| ORACLE CORP | ORCL | $397.9K | 2,715 | flat | 25q | -24.6%-$129.7K | |
| UNUM GROUP | UNM | $311.6K | 3,485 | flat | 10q | -8.3%-$28.2K | |
| JOHNSON & JOHNSON | JNJ | $282.4K | 1,112 | flat | 3q | -14.7%-$48.8K | |
| CATERPILLAR INC | CAT | $282.2K | 265 | flat | 4q | -41.1%-$197.0K | |
| MCDONALDS CORP | MCD | $256.0K | 947 | flat | 31q | HELD | |
| DISNEY WALT CO | DIS | $239.9K | 2,492 | flat | 31q | -1.0%-$2.4K | |
| AMAZON COM INC | AMZN | $223.1K | 936 | flat | 3q | -10.0%-$24.8K | |
| MERCK & CO INC | MRK | $211.0K | 1,642 | flat | 2q | -23.3%-$64.1K | |
| Cir SPA | $199.6K | 251,250 | flat | 7q | HELD | ||
| Hanjaya Mandala Sampoerna | $187.4K | 5,000,000 | flat | 31q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Business Services | $1.8B | 20.6% |
| Insurance | $1.6B | 18.2% |
| Software & IT Services | $1.1B | 12.1% |
| Food, Drink & Tobacco | $895.7M | 10.0% |
| Telecom & Media | $461.8M | 5.2% |
| Mining & Metals | $408.9M | 4.6% |
| Other sectors | $79.0M | 0.9% |
| Not classified | $2.5B | 28.4% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $8.9B | 85 | 1 | 9 | 42 | 2 | 80.0% | 44 |
| Q1 2026 | $8.5B | 86 | 4 | 19 | 38 | 5 | 80.3% | 43 |
| Q4 2025 | $9.3B | 87 | 5 | 16 | 28 | 3 | 80.9% | 43 |
| Q3 2025 | $9.3B | 85 | 2 | 11 | 39 | 2 | 80.3% | 43 |
| Q2 2025 | $9.4B | 85 | 2 | 12 | 43 | 3 | 80.6% | 44 |
| Q1 2025 | $8.9B | 86 | 20 | 8 | 42 | 2 | 80.9% | 43 |
| Q4 2024 | $8.8B | 68 | 3 | 3 | 48 | 12 | 80.3% | 43 |
| Q3 2024 | $9.7B | 77 | 2 | 9 | 45 | 2 | 79.3% | 44 |
| Q2 2024 | $9.5B | 77 | 2 | 13 | 38 | 6 | 79.6% | 44 |
| Q1 2024 | $9.7B | 81 | 2 | 12 | 48 | 3 | 78.9% | 44 |
| Q4 2023 | $9.8B | 82 | 1 | 15 | 43 | 1 | 79.4% | 44 |
| Q3 2023 | $9.2B | 82 | 1 | 9 | 33 | 2 | 81.7% | 45 |
| Q2 2023 | $10.1B | 83 | 1 | 21 | 35 | 2 | 80.1% | 42 |
| Q1 2023 | $9.6B | 84 | 2 | 14 | 39 | 1 | 80.6% | 41 |
| Q4 2022 | $9.1B | 83 | 1 | 9 | 39 | 1 | 79.4% | 44 |
| Q3 2022 | $8.3B | 83 | 1 | 12 | 39 | 3 | 79.8% | 41 |
| Q2 2022 | $8.9B | 85 | 4 | 13 | 38 | 3 | 79.2% | 35 |
| Q1 2022 | $10.4B | 84 | 0 | 12 | 36 | 4 | 80.9% | 42 |
| Q4 2021 | $11.2B | 88 | 3 | 10 | 43 | 2 | 79.6% | 41 |
| Q3 2021 | $10.8B | 87 | 1 | 18 | 36 | 2 | 76.3% | 46 |
| Q2 2021 | $11.8B | 88 | 2 | 13 | 38 | 4 | 75.6% | 43 |
| Q1 2021 | $11.0B | 90 | 2 | 8 | 57 | 4 | 75.5% | 42 |
| Q4 2020 | $11.0B | 92 | 8 | 15 | 44 | 2 | 78.8% | 42 |
| Q3 2020 | $10.3B | 86 | 3 | 16 | 35 | 3 | 81.2% | 43 |
| Q2 2020 | $9.8B | 86 | 8 | 22 | 38 | 6 | 80.3% | 45 |
| Q1 2020 | $9.9B | 84 | 1 | 19 | 47 | 10 | 77.1% | 43 |
| Q4 2019 | $13.0B | 93 | 3 | 8 | 55 | 4 | 75.9% | 42 |
| Q3 2019 | $12.8B | 94 | 1 | 9 | 48 | 3 | 76.6% | 44 |
| Q2 2019 | $13.2B | 96 | 8 | 8 | 46 | 5 | 77.0% | 44 |
| Q1 2019 | $12.9B | 93 | 8 | 11 | 49 | 3 | 77.1% | 45 |
| Q4 2018 | $12.0B | 88 | 0 | 0 | 0 | 0 | 76.2% | 44 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.