Thomas Russo - Gardner Russo & Quinn
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    86
Portfolio value:    $8,496,278,296
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
BRK.A - Berkshire Hathaway CL A 12.34 Reduce 1.88% 1,460 $107,332.68 $1,048,484,400 $744,850.00 593.96% $685,150.00 $775,000.00
GOOG - Alphabet Inc. 11.31 Reduce 14.78% 3,350,337 $66.27 $961,077,672 $350.67 429.18% $180.20 $404.23
MA - Mastercard Inc. 9.15 Reduce 1.95% 1,555,141 $30.84 $777,041,820 $537.70 1,643.43% $463.74 $598.04
PM - Philip Morris International Inc. 8.96 Reduce 1.97% 4,605,069 $62.90 $761,402,140 $180.19 186.48% $138.43 $191.46
HKHHF - Heineken Holdings N.V. 7.57 Reduce 1.07% 9,101,528 $57.96 $643,363,987 $78.00 34.57% $64.66 $84.14
CFRHF - Compagnie Financière Richemont SA 7.00 Reduce 1.57% 3,447,287 $89.64 $594,389,414 $228.15 154.52% $154.01 $243.24
NSRGY - Nestlé S.A. 6.39 Reduce 2.41% 5,481,714 $62.09 $543,237,880 $103.35 66.45% $83.54 $106.11
NFLX - Netflix, Inc. 6.35 Add 12.11% 5,610,666 $31.30 $539,465,536 $73.83 135.89% $70.86 $127.75
BRK.B - Berkshire Hathaway CL B 6.26 Reduce 1.33% 1,110,429 $93.18 $532,117,577 $496.85 433.20% $455.19 $516.85
MLM - Martin Marietta Materials, Inc. 4.96 Reduce 1.54% 715,411 $152.20 $421,148,042 $569.35 274.09% $524.63 $709.08
SUNB - Sunbelt Rentals Holdings, Inc. 4.64 Buy 6,067,311 $65.08 $394,876,705 $73.82 13.42% $60.40 $85.79
UBER - Uber Technologies, Inc. 4.38 Add 0.55% 5,173,404 $68.29 $372,122,950 $74.26 8.74% $67.19 $101.99
ERFSF - Eurofins Scientific SE 2.63 Buy 3,096,404 $72.20 $223,550,621 $78.75 9.08% $64.95 $86.20
PDRDF - Pernod Ricard SA 2.16 Reduce 2.91% 2,479,656 $110.48 $183,480,370 $74.00 -33.02% $67.80 $123.65
DASH - DoorDash, Inc. 1.77 Add 7.60% 1,001,195 $143.75 $150,329,429 $189.57 31.87% $143.30 $285.50
CMCSA - Comcast Corp. 0.76 Reduce 2.05% 2,253,106 $29.48 $64,686,661 $23.97 -18.69% $21.83 $32.20
BF.A - Brown-Forman CL A 0.52 Reduce 1.21% 1,647,878 $12.41 $44,146,665 $26.67 114.95% $22.81 $30.87
JPM - JPMorgan Chase & Co. 0.52 Reduce 71.86% 148,798 $98.01 $43,770,420 $334.53 241.31% $276.43 $341.91
XOM - ExxonMobil Holdings Corp. 0.39 Add 0.48% 193,950 $3,355.23 $32,905,526 $144.51 -95.69% $102.27 $175.22
V - Visa Inc. 0.33 Reduce 13.79% 93,812 $50.29 $28,353,739 $357.75 611.37% $293.28 $365.02
BF.B - Brown-Forman CL B 0.21 Reduce 6.85% 659,694 $42.50 $17,442,308 $26.25 -38.23% $22.41 $31.11
BUDFF - Anheuser-Busch InBev SA/NV 0.15 Reduce 30.70% 184,010 $102.38 $12,661,615 $80.17 -21.69% $57.42 $84.48
MO - Altria Group, Inc. 0.13 Reduce 0.19% 164,461 $26.38 $10,852,779 $71.87 172.43% $53.01 $74.15
MKL - Markel Group Inc. 0.11 Reduce 21.10% 4,954 $1,711.42 $9,482,303 $1,962.27 14.66% $1,719.41 $2,207.59
CR - Crane Co. 0.09 Reduce 14.29% 46,626 $89.12 $7,973,046 $215.85 142.20% $159.36 $226.46
UNP - Union Pacific Corp. 0.08 Add 10.62% 27,638 $185.64 $6,705,519 $289.13 55.75% $207.45 $290.38
COST - Costco Wholesale Corp. 0.05 4,624 $659.38 $4,607,417 $926.43 40.50% $841.69 $1,096.50
DOV - Dover Corp. 0.05 Reduce 2.05% 19,126 $30.86 $3,986,815 $214.27 594.27% $157.78 $236.42
GOOGL - Alphabet Inc. 0.04 Reduce 22.16% 11,610 $49.11 $3,338,572 $352.51 617.77% $175.98 $408.37
ABBV - AbbVie Inc. 0.03 12,410 $47.84 $2,699,051 $248.00 418.40% $180.35 $261.64
COCXF - Chocoladefabriken Lindt & Sprüngli AG 0.03 15 $9,389.44 $2,131,790 $109,000.00 1,060.88% $107,621.24 $142,302.63
VMC - Vulcan Materials Co. 0.02 Reduce 8.20% 7,263 $125.07 $1,977,715 $292.78 134.09% $251.85 $329.81
AXP - American Express Co. 0.02 Reduce 46.67% 6,485 $61.06 $1,961,583 $354.43 480.42% $285.29 $384.36
MKC - McCormick & Co., Inc. 0.02 Reduce 5.13% 38,581 $17.69 $1,946,026 $53.75 203.81% $44.42 $71.53
KNCRF - Konecranes Plc 0.02 Add 184.55% 52,500 $43.20 $1,690,105 $32.01 -25.90% $30.35 $113.40
WRBY - Warby Parker Inc. 0.02 Add 23.08% 80,000 $19.58 $1,685,600 $27.41 39.96% $14.96 $31.00
FLMNF - Fielmann Group AG 0.02 Add 28.40% 33,000 $47.81 $1,655,884 $50.75 6.16% $49.35 $62.23
SSPPF - SSP Group plc 0.02 Add 6.06% 700,000 $2.02 $1,614,484 $2.50 24.04% $1.71 $2.56
FLUIF - Fluidra, S.A. 0.02 Add 18.64% 70,000 $23.68 $1,594,530 $25.19 6.38% $24.24 $29.87
RTLLF - RATIONAL Aktiengesellschaft 0.02 Add 125.64% 2,200 $765.28 $1,576,670 $729.00 -4.74% $695.80 $887.11
AKBLF - ALK-Abelló A/S 0.02 Add 42.86% 50,000 $34.52 $1,558,886 $40.65 17.77% $27.51 $40.65
LEVI - Levi Strauss & Co. 0.02 Add 73.34% 82,725 $16.82 $1,529,585 $24.19 43.84% $17.61 $25.58
LRLCF - L'Oréal S.A. 0.02 3,705 $279.98 $1,491,341 $419.25 49.74% $372.99 $476.15
PEP - PepsiCo, Inc. 0.02 Reduce 6.01% 9,205 $37.71 $1,429,383 $138.49 267.23% $128.66 $168.19
DVDCF - Davide Campari-Milano N.V. 0.02 Reduce 16.56% 202,013 $8.14 $1,426,815 $6.29 -22.73% $6.07 $7.98
KMROF-OLD - Kalmar Oyj B 0.02 Add 12.50% 27,000 $41.95 $1,348,904
DELHF - De'Longhi S.p.A. 0.02 Add 10.64% 39,000 $33.06 $1,347,175 $40.60 22.80% $31.96 $44.61
PG - The Procter & Gamble Co. 0.02 Reduce 22.78% 9,229 $168.35 $1,333,037 $148.37 -11.87% $135.63 $166.00
PUIGF - PUIG BRANDS S A 0.02 68,000 $17.00 $1,323,325 $17.74 4.34% $16.20 $21.83
MSFT - Microsoft Corp. 0.02 Reduce 4.35% 3,544 $270.59 $1,311,882 $390.99 44.49% $349.20 $551.05
LTSSF - Lotus Bakeries 0.02 115 $8,868.44 $1,290,579 $12,350.00 39.26% $2,477.04 $9,800.00
WILLF - Demant A/S 0.01 41,000 $33.62 $1,225,815 $38.78 15.34% $28.08 $43.78
CABJF - Carlsberg A/S 0.01 Reduce 57.25% 9,872 $141.99 $1,222,622 $124.99 -11.97% $109.55 $156.58
ECTXF - Electrolux Professional AB (publ) 0.01 Add 15.00% 230,000 $6.12 $1,216,848 $4.65 -24.07% $4.65 $6.20
WMT - Walmart Inc. 0.01 Reduce 4.18% 9,740 $19.57 $1,210,487 $114.78 486.37% $93.45 $135.16
AAPL - Apple Inc. 0.01 Add 1.65% 4,751 $102.50 $1,205,756 $317.31 209.57% $200.70 $323.45
ABT - Abbott Laboratories 0.01 11,510 $29.39 $1,181,732 $92.11 213.35% $81.97 $135.34
HMRZF - H & M Hennes & Mauritz AB (publ) 0.01 64,000 $13.13 $1,176,706 $18.00 37.13% $13.53 $20.91
HINKF - Heineken N.V. 0.01 15,131 $56.04 $1,155,870 $77.21 37.78% $72.01 $94.51
NSRGF - Nestlé S.A. 0.01 11,130 $67.20 $1,086,198 $103.00 53.26% $81.57 $107.44
FULT - Fulton Financial Corp. 0.01 Reduce 9.52% 48,950 $14.00 $995,643 $24.17 72.58% $16.16 $24.71
KO - The Coca-Cola Co. 0.01 Reduce 4.51% 13,025 $52.78 $990,551 $84.25 59.63% $64.04 $85.68
JBTM - JBT Marel Corp. 0.01 7,250 $122.20 $927,058 $139.19 13.90% $113.58 $169.95
YETI - YETI Holdings, Inc. 0.01 24,000 $33.10 $878,160 $48.33 46.01% $30.51 $51.89
FBLA - FB Bancorp, Inc. 0.01 50,000 $11.92 $687,000 $15.07 26.43% $11.22 $15.46
LAMR - Lamar Advertising Co. 0.01 Reduce 10.14% 5,368 $28.90 $679,911 $157.23 444.13% $108.21 $162.96
ZLDSF - Zalando SE 0.01 28,000 $32.65 $662,976 $26.00 -20.36% $22.73 $31.76
HRI - Herc Holdings Inc. 0.01 6,450 $134.27 $642,098 $147.71 10.01% $88.00 $186.52
WFC - Wells Fargo & Co. 0.01 Reduce 6.45% 7,450 $36.36 $593,115 $87.67 141.11% $72.78 $96.73
SWZ - Total Return Securities, Inc. 0.01 Reduce 33.23% 97,667 $7.66 $579,163 $5.93 -22.57% $5.84 $6.43
ORCL - Oracle Corp. 0.01 Add 3.60% 3,600 $58.62 $529,596 $131.54 124.41% $131.35 $341.82
CVX - Chevron Corp. 0.01 Reduce 7.49% 2,470 $81.60 $511,043 $182.20 123.29% $140.64 $212.76
GNRC - Generac Holdings Inc. 0.01 2,250 $126.65 $439,493 $226.95 79.19% $134.80 $296.44
HRL - Hormel Foods Corp. 0.01 Reduce 4.21% 19,000 $472.40 $430,350 $24.46 -94.82% $19.70 $30.04
LTGIF-OLD - LT Group Inc 0.01 1,775,000 $0.29 $428,337
OUT - OUTFRONT Media Inc. 0.00 Reduce 13.33% 13,588 $18.18 $360,082 $33.15 82.38% $15.84 $34.63
CAT - Caterpillar Inc. 0.00 Reduce 18.18% 450 $477.15 $318,807 $931.47 95.22% $397.92 $1,073.46
JNJ - Johnson & Johnson 0.00 Add 33.61% 1,304 $216.38 $318,750 $257.77 19.13% $151.03 $269.43
MCD - McDonald's Corp. 0.00 Add 4.64% 947 $127.03 $294,318 $272.61 114.61% $264.53 $337.56
UNM - Unum Group 0.00 3,800 $53.66 $277,514 $89.41 66.62% $67.06 $93.22
MRK - Merck & Co., Inc. 0.00 Buy 2,141 $120.29 $257,536 $124.03 3.11% $74.18 $130.29
DIS - The Walt Disney Co. 0.00 Add 0.28% 2,517 $48.96 $242,592 $96.00 96.07% $91.49 $121.64
AMZN - Amazon.com, Inc. 0.00 1,040 $230.82 $216,601 $247.31 7.14% $196.00 $278.56
PHJMF - PT Hanjaya Mandala Sampoerna Tbk 0.00 5,000,000 $0.09 $213,305 $0.05 -43.29% $0.03 $0.08
CIR.MI - CIR S.p.A. - Compagnie Industriali Riunite 0.00 251,250 $0.62 $195,985 $0.77 24.46% $0.58 $0.80
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Financial Services 28.76
Consumer Defensive 26.36
Communication Services 18.46
Consumer Cyclical 8.88
Basic Materials 4.98
Industrials 4.95
Technology 4.42
Healthcare 2.76
Energy 0.39
Unknown 0.03
Real Estate 0.01