Thomas Russo Gardner Russo & Quinn
Thomas Russo is a partner at Gardner Russo & Quinn and one of the best-known global value investors focused on consumer franchises. He is closely associated with long-term ownership of branded businesses that can reinvest abroad, often summarized as capacity to suffer and capacity to reinvest. Russo’s talks and holdings are staples in global quality-value circles.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DoorDash
DASH
|
+$30.6M |
| 2 |
Netflix
NFLX
|
+$8.76M |
| 3 |
Levi Strauss
LEVI
|
+$22.5K |
| 4 |
Microsoft
MSFT
|
+$16.2K |
| 5 |
Wells Fargo
WFC
|
+$80 |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$108M |
| 2 |
JPMorgan Chase
JPM
|
+$38.5M |
| 3 |
Berkshire Hathaway Class A
BRK.A
|
+$20.2M |
| 4 |
Mastercard
MA
|
+$16.3M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$14.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.39% |
| 2 | Communication Services | 17.28% |
| 3 | Consumer Staples | 10.09% |
| 4 | Industrials | 5.2% |
| 5 | Materials | 4.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$4.18T
| $1.08B | 12.07% |
3,048,077
-302,260
| -9% | -$108M |
|
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.07B | 12.01% |
1,432
-28
| -2% | -$20.2M |
|
3
Philip Morris
PM
$293B
| $820M | 9.18% |
4,530,846
-74,223
| -2% | -$12.9M |
|
|
4
Mastercard
MA
$509B
| $782M | 8.76% |
1,522,395
-32,746
| -2% | -$16.3M |
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.06T
| $540M | 6.05% |
1,079,364
-31,065
| -3% | -$14.9M |
|
|
SUNB
6
Sunbelt Rentals Holdings
SUNB
$31.5B
| $441M | 4.94% |
5,897,825
-151,308
| -3% | -$11.3M |
|
|
7
Netflix
NFLX
$331B
| $408M | 4.57% |
5,710,088
+99,422
| +2% | +$8.76M |
|
8
Martin Marietta Materials
MLM
$32.1B
| $407M | 4.56% |
705,367
-10,044
| -1% | -$5.96M |
|
9
Uber
UBER
$161B
| $367M | 4.11% |
5,084,015
-89,389
| -2% | -$6.55M |
|
|
10
DoorDash
DASH
$96.8B
| $219M | 2.45% |
1,186,104
+184,909
| +18% | +$30.6M |
|
11
Comcast
CMCSA
$95.3B
| $53.9M | 0.6% |
2,193,660
-59,446
| -3% | -$1.53M |
|
12
Brown-Forman Class A
BF.A
$13.3B
| $43.7M | 0.49% |
1,597,815
-50,063
| -3% | -$1.38M |
|
13
Visa
V
$693B
| $29.9M | 0.34% |
87,256
-6,556
| -7% | -$2.1M |
|
14
ExxonMobil
XOM
$679B
| $24.8M | 0.28% |
181,200
-12,750
| -7% | -$1.91M |
|
|
15
Brown-Forman Class B
BF.B
$13.1B
| $17M | 0.19% |
639,282
-20,412
| -3% | -$550K |
|
16
Altria Group
MO
$110B
| $10.7M | 0.12% |
148,603
-15,858
| -10% | -$1.11M |
|
17
Crane Co
CR
$12B
| $9.8M | 0.11% |
43,937
-2,689
| -6% | -$507K |
|
18
Markel Group
MKL
$22.2B
| $8.33M | 0.09% |
4,265
-689
| -14% | -$1.29M |
|
|
19
JPMorgan Chase
JPM
$935B
| $8.09M | 0.09% |
24,719
-124,079
| -83% | -$38.5M |
|
20
Union Pacific
UNP
$183B
| $7.03M | 0.08% |
25,841
-1,797
| -7% | -$472K |
|
21
Dover
DOV
$27.2B
| $4.23M | 0.05% |
18,851
-275
| -1% | -$59.9K |
|
|
22
Alphabet (Google) Class A
GOOGL
$4.22T
| $3.97M | 0.04% |
11,114
-496
| -4% | -$179K |
|
23
Costco
COST
$420B
| $3.18M | 0.04% |
3,399
-1,225
| -26% | -$1.22M |
|
24
AbbVie
ABBV
$468B
| $3.12M | 0.04% |
12,410
| – | – |
|
25
Warby Parker
WRBY
$3.39B
| $2.43M | 0.03% |
80,000
| – | – |
|
Similar funds
Thomas Russo's Q2 2026 Portfolio in Review
As of Q2 2026, Thomas Russo held 86 positions worth $8.93B, up 5.1% from $8.5B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Trading was light in Q2 2026: portfolio turnover was 1.2%. Thomas Russo opened no new positions and exited 1, leaving the 86-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 29% a quarter earlier, followed by Communication Services and Consumer Staples.
- Thomas Russo added most to DoorDash in Q2 2026, an estimated $30.6M increase.
- Thomas Russo's biggest Q2 2026 reduction was Alphabet (Google) Class C, cutting an estimated $108M.
- Thomas Russo fully exited Generac Holdings in Q2 2026, selling an estimated $439K.
- Thomas Russo's ten largest holdings make up 80% of its $8.93B portfolio in Q2 2026.
- Thomas Russo opened 0 new positions and closed 1 in Q2 2026.
- Thomas Russo's portfolio value rose 5.1% quarter-over-quarter to $8.93B.
Based on Gardner Russo & Quinn's 13F filing for Q2 2026, filed 13 Aug 2026.