Great investors · Tom Russo · Q1 2026
What Tom Russo bought and sold in Q1 2026
Gardner Russo & Quinn 13F portfolio as of Mar 31, 2026: 86 positions worth $8.5 bn. Largest: BRK/A, GOOG, MA, PM. Filed with the SEC on May 13, 2026.
The 13F is filed by Gardner Russo & Quinn, not by Tom Russo personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q1 2026
- NewEurofins ScientificERFSF+2.4 pp
- IncreasedNetflixNFLX+0.6 pp
Sells in Q1 2026
- Sold outTkms Ag& Co Kgaa Ordf−4.5 pp
- ReducedAlphabetGOOG−1.8 pp
- ReducedJPMorgan ChaseJPM−1.2 pp
5 companies with material moves, out of 63 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Gardner Russo & Quinn's Q1 2026 13F lists 86 lines of US-listed securities worth $8.5 bn; the largest is BRK/A at 12.3% of the portfolio. It was accepted by the SEC on May 13, 2026 at 12:19 PM ET.
Against the previous quarter, it opened 4 positions (SUNB, ERFSF, Sunbelt Rentals Holdings and MRK), closed 5 (Ashtead Group, DGEAF, H and PNC and 1 more), added to 18 (NFLX, DASH, KNCRF and RTLLF and 14 more) and trimmed 38 (GOOG, JPM, BRK/A and MA and 34 more). 26 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Berkshire Hathaway BRK/A | 1,460 | $1.0 bn | 12.3% | −1.9% |
| 2 | Alphabet GOOG | 3.4 M | $961M | 11.3% | −15% |
| 3 | Mastercard MA | 1.6 M | $777M | 9.15% | −1.9% |
| 4 | Philip Morris International PM | 4.6 M | $761M | 8.96% | −2% |
| 5 | Heineken Holding NV - A HKHHF | 9.1 M | $643M | 7.57% | −1.1% |
| 6 | CIE Financi-reg CFRHF | 3.4 M | $594M | 7.00% | −1.6% |
| 7 | Nestle NSRGY | 5.5 M | $543M | 6.39% | −2.4% |
| 8 | Netflix NFLX | 5.6 M | $539M | 6.35% | +12% |
| 9 | Berkshire Hathaway BRK/B | 1.1 M | $532M | 6.26% | −1.3% |
| 10 | Martin Marietta Materials MLM | 715,411 | $421M | 4.96% | −1.5% |
| 11 | Sunbelt Rentals Holdings SUNB | 6.0 M | $394M | 4.63% | new |
| 12 | UBER Technologies UBER | 5.2 M | $372M | 4.38% | no change |
| 13 | Eurofins Scientific ERFSF | 3.1 M | $224M | 2.63% | new |
| 14 | Pernod Ricard PDRDF | 2.5 M | $183M | 2.16% | −2.9% |
| 15 | DoorDash DASH | 1.0 M | $150M | 1.77% | +7.6% |
| 16 | Comcast CMCSA | 2.3 M | $64.7M | 0.76% | −2% |
| 17 | Brown Forman BF/A | 1.6 M | $44.1M | 0.52% | −1.2% |
| 18 | JPMorgan Chase JPM | 148,798 | $43.8M | 0.52% | −72% |
| 19 | Exxon Mobil XOM | 193,950 | $32.9M | 0.39% | no change |
| 20 | Visa V | 93,812 | $28.4M | 0.33% | −14% |
| 21 | Brown Forman BF/B | 659,694 | $17.4M | 0.21% | −6.8% |
| 22 | Anheuser-Busch InBev BUDFF | 184,010 | $12.7M | 0.15% | −31% |
| 23 | Altria Group MO | 164,461 | $10.9M | 0.13% | no change |
| 24 | Markel Group MKL | 4,954 | $9.5M | 0.11% | −21% |
| 25 | Crane CR | 46,626 | $8.0M | 0.09% | −14% |
| 26 | Union Pacific UNP | 27,638 | $6.7M | 0.08% | +11% |
| 27 | Costco Wholesale COST | 4,624 | $4.6M | 0.05% | no change |
| 28 | Dover DOV | 19,126 | $4.0M | 0.05% | −2% |
| 29 | Alphabet GOOGL | 11,610 | $3.3M | 0.04% | −22% |
| 30 | AbbVie ABBV | 12,410 | $2.7M | 0.03% | no change |
| 31 | Lindt & Spruengli AG - Reg COCXF | 15 | $2.1M | 0.03% | no change |
| 32 | Vulcan Materials VMC | 7,263 | $2.0M | 0.02% | −8.2% |
| 33 | American Express AXP | 6,485 | $2.0M | 0.02% | −47% |
| 34 | McCORMICK MKC | 38,581 | $1.9M | 0.02% | −5.1% |
| 35 | Konecranes KNCRF | 52,500 | $1.7M | 0.02% | +185% |
| 36 | Warby Parker WRBY | 80,000 | $1.7M | 0.02% | +23% |
| 37 | Fielmann FLMNF | 33,000 | $1.7M | 0.02% | +28% |
| 38 | SSP Group SSPPF | 700,000 | $1.6M | 0.02% | +6.1% |
| 39 | Fluidra FLUIF | 70,000 | $1.6M | 0.02% | +19% |
| 40 | Rational RTLLF | 2,200 | $1.6M | 0.02% | +126% |
| 41 | ALK Abello A/S AKBLF | 50,000 | $1.6M | 0.02% | +43% |
| 42 | LEVI Strauss LEVI | 82,725 | $1.5M | 0.02% | +73% |
| 43 | L Oreal Ordf LRLCF | 3,705 | $1.5M | 0.02% | no change |
| 44 | Pepsico PEP | 9,205 | $1.4M | 0.02% | −6% |
| 45 | Davide Campari-Milano DVDCF | 202,013 | $1.4M | 0.02% | −17% |
| 46 | Kalmar Oyj B KMROF | 27,000 | $1.3M | 0.02% | +13% |
| 47 | De'Longhi DELHF | 39,000 | $1.3M | 0.02% | +11% |
| 48 | Procter & Gamble PG | 9,229 | $1.3M | 0.02% | −23% |
| 49 | Puig Brands PUIGF | 68,000 | $1.3M | 0.02% | no change |
| 50 | Microsoft MSFT | 3,544 | $1.3M | 0.02% | −4.3% |
| 51 | Lotus Bakeries LTSSF | 115 | $1.3M | 0.02% | no change |
| 52 | Demant A/s WILLF | 41,000 | $1.2M | 0.01% | no change |
| 53 | Carlsberg B A/S CABJF | 9,872 | $1.2M | 0.01% | −57% |
| 54 | Electrolux Professional ECTXF | 230,000 | $1.2M | 0.01% | +15% |
| 55 | Walmart WMT | 9,740 | $1.2M | 0.01% | −4.2% |
| 56 | Apple AAPL | 4,751 | $1.2M | 0.01% | +1.6% |
| 57 | Abbott Laboratories ABT | 11,510 | $1.2M | 0.01% | no change |
| 58 | H&m HMRZF | 64,000 | $1.2M | 0.01% | no change |
| 59 | Heineken HINKF | 15,131 | $1.2M | 0.01% | no change |
| 60 | Sunbelt Rentals Holdings | 18,178 | $1.1M | 0.01% | new |
| 61 | Nestle NSRGF | 11,130 | $1.1M | 0.01% | no change |
| 62 | Fulton Financial FULT | 48,950 | $996K | 0.01% | −9.5% |
| 63 | Coca-Cola KO | 13,025 | $991K | 0.01% | −4.5% |
| 64 | JBT Marel JBTM | 7,250 | $927K | 0.01% | no change |
| 65 | YETI Holdings YETI | 24,000 | $878K | 0.01% | no change |
| 66 | FB Bancorp FBLA | 50,000 | $687K | 0.01% | no change |
| 67 | Lamar Advertising LAMR | 5,368 | $680K | 0.01% | −10% |
| 68 | Zalando ZLDSF | 28,000 | $663K | 0.01% | no change |
| 69 | Herc Holdings HRI | 6,450 | $642K | 0.01% | no change |
| 70 | Wells Fargo WFC | 7,450 | $593K | 0.01% | −6.5% |
| 71 | Total Return Securities Fund SWZ | 97,667 | $579K | 0.01% | −33% |
| 72 | Oracle ORCL | 3,600 | $530K | 0.01% | +3.6% |
| 73 | Chevron CVX | 2,470 | $511K | 0.01% | −7.5% |
| 74 | Generac Holdings GNRC | 2,250 | $439K | 0.01% | no change |
| 75 | Hormel Foods HRL | 19,000 | $430K | 0.01% | −4.2% |
| 76 | LT Group LTGIF | 1.8 M | $428K | 0.01% | no change |
| 77 | OUTFRONT Media OUT | 13,588 | $360K | 0.00% | −13% |
| 78 | Caterpillar CAT | 450 | $319K | 0.00% | −18% |
| 79 | Johnson & Johnson JNJ | 1,304 | $319K | 0.00% | +34% |
| 80 | McDONALD’S MCD | 947 | $294K | 0.00% | +4.6% |
| 81 | Unum Group UNM | 3,800 | $278K | 0.00% | no change |
| 82 | Merck MRK | 2,141 | $258K | 0.00% | new |
| 83 | Walt Disney DIS | 2,517 | $243K | 0.00% | no change |
| 84 | Amazon.com AMZN | 1,040 | $217K | 0.00% | no change |
| 85 | Hanjaya Mandala Sampoerna PHJMF | 5.0 M | $213K | 0.00% | no change |
| 86 | Cofide SPA CFDZF | 251,250 | $196K | 0.00% | no change |
Positions it closed (5)
- Ashtead Group was 4.51% · 6.1 M shares
- Diageo DGEAFwas 0.03% · 129,805 shares
- Hyatt Hotels Hwas 0.02% · 8,675 shares
- PNC Financial Services Group PNCwas 0.01% · 3,750 shares
- International Business Machines IBMwas 0.00% · 750 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Gardner Russo & Quinn's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.