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 |
Uber
UBER
|
+$39.1M |
| 2 |
Martin Marietta Materials
MLM
|
+$24.3M |
| 3 |
Philip Morris
PM
|
+$5.47M |
| 4 |
DoorDash
DASH
|
+$963K |
| 5 |
Amazon
AMZN
|
+$238K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$206M |
| 2 |
Berkshire Hathaway Class A
BRK.A
|
+$39.6M |
| 3 |
Mastercard
MA
|
+$19.2M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$17.9M |
| 5 |
Netflix
NFLX
|
+$15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.49% |
| 2 | Communication Services | 19.18% |
| 3 | Consumer Staples | 9.04% |
| 4 | Materials | 4.91% |
| 5 | Technology | 4.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Vulcan Materials
VMC
$35.8B
| $2.26M | 0.02% |
7,912
-1,985
| -20% | -$582K |
|
27
Microsoft
MSFT
$3.59T
| $1.79M | 0.02% |
3,705
+200
| +6% | +$100K |
|
28
Procter & Gamble
PG
$336B
| $1.71M | 0.02% |
11,951
+1,031
| +9% | +$152K |
|
29
Abbott
ABT
$202B
| $1.44M | 0.02% |
11,510
| – | – |
|
30
Warby Parker
WRBY
$3.39B
| $1.42M | 0.02% |
65,000
+4,000
| +7% | +$87K |
|
31
PepsiCo
PEP
$196B
| $1.41M | 0.02% |
9,794
-1,166
| -11% | -$171K |
|
32
Hyatt Hotels
H
$17B
| $1.39M | 0.02% |
8,675
| – | – |
|
33
Apple
AAPL
$4.51T
| $1.27M | 0.01% |
4,674
-25
| -0.5% | -$6.71K |
|
34
Walmart Inc
WMT
$825B
| $1.13M | 0.01% |
10,165
| – | – |
|
|
JBTM
35
JBT Marel
JBTM
$6.06B
| $1.09M | 0.01% |
7,250
| – | – |
|
36
Yeti Holdings
YETI
$3.19B
| $1.06M | 0.01% |
24,000
| – | – |
|
37
Fulton Financial
FULT
$4.51B
| $1.05M | 0.01% |
54,100
-10,500
| -16% | -$193K |
|
38
Levi Strauss
LEVI
$8.27B
| $990K | 0.01% |
47,725
| – | – |
|
39
Herc Holdings
HRI
$5.41B
| $957K | 0.01% |
6,450
| – | – |
|
40
Coca-Cola
KO
$392B
| $954K | 0.01% |
13,640
| – | – |
|
|
SWZ
41
Swiss Helvetia Fund
SWZ
$76.9M
| $910K | 0.01% |
146,284
-287,953
| -66% | -$1.74M |
|
42
PNC Financial Services
PNC
$97B
| $783K | 0.01% |
3,750
| – | – |
|
43
Lamar Advertising Co
LAMR
$15.3B
| $756K | 0.01% |
5,974
| – | – |
|
44
Wells Fargo
WFC
$254B
| $742K | 0.01% |
7,964
-2,185
| -22% | -$190K |
|
45
Oracle
ORCL
$422B
| $677K | 0.01% |
3,475
| – | – |
|
|
FBLA
46
FB Bancorp
FBLA
$228M
| $643K | 0.01% |
50,000
| – | – |
|
47
Hormel Foods
HRL
$13.1B
| $470K | 0.01% |
19,835
| – | – |
|
48
Chevron
CVX
$403B
| $407K | ﹤0.01% |
2,670
| – | – |
|
49
Outfront Media
OUT
$5.25B
| $378K | ﹤0.01% |
15,677
-13
| -0.1% | -$271 |
|
50
Caterpillar
CAT
$381B
| $315K | ﹤0.01% |
550
-150
| -21% | -$83.4K |
|
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Thomas Russo's Q4 2025 Portfolio in Review
As of Q4 2025, Thomas Russo held 90 positions worth $9.26B, down 0.69% from $9.33B the previous quarter. Its ten largest holdings account for 81% of the portfolio.
Thomas Russo's Q4 2025 filing shows 5 new, 16 increased, 32 reduced and 3 closed positions. Its largest new stake was Amazon: 1,040 shares worth $240K. The largest sale was Alphabet (Google) Class C, an estimated $206M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 31% a quarter earlier, followed by Communication Services and Consumer Staples.
- Thomas Russo's largest Q4 2025 buy was Amazon: 1,040 shares worth $240K.
- Thomas Russo added most to Uber in Q4 2025, an estimated $39.1M increase.
- Thomas Russo's biggest Q4 2025 reduction was Alphabet (Google) Class C, cutting an estimated $206M.
- Thomas Russo fully exited Truist Financial in Q4 2025, selling an estimated $428K.
- Thomas Russo's ten largest holdings make up 81% of its $9.26B portfolio in Q4 2025.
- Thomas Russo opened 5 new positions and closed 3 in Q4 2025.
- Thomas Russo's portfolio value fell 0.69% quarter-over-quarter to $9.26B.
Based on Gardner Russo & Quinn's 13F filing for Q4 2025, filed 12 Feb 2026.