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
|
+$25.2M |
| 2 |
FBLA
FB Bancorp
FBLA
|
+$851K |
| 3 |
ExxonMobil
XOM
|
+$84.2K |
| 4 |
SWZ
Swiss Helvetia Fund
SWZ
|
+$44.2K |
| 5 |
Union Pacific
UNP
|
+$27.5K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class A
BRK.A
|
+$122M |
| 2 |
Netflix
NFLX
|
+$81.5M |
| 3 |
Mastercard
MA
|
+$65.6M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$63.2M |
| 5 |
JPMorgan Chase
JPM
|
+$41.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 36.77% |
| 2 | Communication Services | 19.74% |
| 3 | Consumer Staples | 8.64% |
| 4 | Materials | 4.19% |
| 5 | Technology | 2.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.27B | 14.39% |
1,869
-176
| -9% | -$122M |
|
|
2
Alphabet (Google) Class C
GOOG
$4.18T
| $1.07B | 12.13% |
5,635,935
-358,011
| -6% | -$63.2M |
|
|
3
Mastercard
MA
$509B
| $992M | 11.22% |
1,884,664
-126,644
| -6% | -$65.6M |
|
4
Philip Morris
PM
$293B
| $625M | 7.06% |
5,190,200
-196,300
| -4% | -$24.8M |
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.06T
| $583M | 6.59% |
1,286,921
-55,983
| -4% | -$25.8M |
|
|
6
Netflix
NFLX
$331B
| $564M | 6.38% |
6,327,730
-990,650
| -14% | -$81.5M |
|
7
Martin Marietta Materials
MLM
$32.1B
| $365M | 4.13% |
707,010
-43,062
| -6% | -$24.4M |
|
|
8
JPMorgan Chase
JPM
$935B
| $302M | 3.42% |
1,261,709
-178,998
| -12% | -$41.7M |
|
|
9
Uber
UBER
$161B
| $250M | 2.83% |
4,150,867
+353,488
| +9% | +$25.2M |
|
10
DoorDash
DASH
$96.8B
| $112M | 1.27% |
670,131
-35,136
| -5% | -$5.77M |
|
11
Comcast
CMCSA
$95.3B
| $104M | 1.18% |
2,784,048
-185,879
| -6% | -$7.72M |
|
12
Brown-Forman Class A
BF.A
$13.3B
| $75.9M | 0.86% |
2,014,920
-111,846
| -5% | -$4.84M |
|
13
Visa
V
$693B
| $64.7M | 0.73% |
204,696
-60,765
| -23% | -$18.3M |
|
|
14
Brown-Forman Class B
BF.B
$13.1B
| $31.9M | 0.36% |
840,396
-37,489
| -4% | -$1.65M |
|
|
15
ExxonMobil
XOM
$679B
| $20.3M | 0.23% |
188,953
+720
| +0.4% | +$84.2K |
|
16
Markel Group
MKL
$22.2B
| $14.9M | 0.17% |
8,621
-395
| -4% | -$655K |
|
17
Altria Group
MO
$110B
| $14.1M | 0.16% |
269,826
-19,272
| -7% | -$1.03M |
|
18
Wells Fargo
WFC
$254B
| $13.6M | 0.15% |
193,556
-208,764
| -52% | -$14.3M |
|
19
Crane Co
CR
$12B
| $9.22M | 0.1% |
60,730
-1,626
| -3% | -$268K |
|
|
20
Union Pacific
UNP
$183B
| $5.6M | 0.06% |
24,536
+116
| +0.5% | +$27.5K |
|
21
Vulcan Materials
VMC
$35.8B
| $5.45M | 0.06% |
21,176
-2,305
| -10% | -$620K |
|
22
Costco
COST
$420B
| $4.95M | 0.06% |
5,397
-25
| -0.5% | -$23.2K |
|
23
American Express
AXP
$227B
| $4.4M | 0.05% |
14,816
-525
| -3% | -$151K |
|
24
Dover
DOV
$27.2B
| $4.21M | 0.05% |
22,451
-650
| -3% | -$127K |
|
25
Procter & Gamble
PG
$336B
| $3.98M | 0.05% |
23,754
-7,523
| -24% | -$1.28M |
|
Similar funds
Thomas Russo's Q4 2024 Portfolio in Review
As of Q4 2024, Thomas Russo held 79 positions worth $8.85B, down 9.2% from $9.74B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Thomas Russo withdrew a net $641M in Q4 2024, closing 11 positions and reducing 51 holdings. Its most notable exit was Corteva, an estimated $357K position sold in full.
By sector, the portfolio is most concentrated in Financials at 37% of assets, up from 35% a quarter earlier, followed by Communication Services and Consumer Staples.
Against the trend, Thomas Russo opened a new position in FB Bancorp worth $834K.
- Thomas Russo's largest Q4 2024 buy was FB Bancorp: 70,000 shares worth $834K.
- Thomas Russo added most to Uber in Q4 2024, an estimated $25.2M increase.
- Thomas Russo's biggest Q4 2024 reduction was Berkshire Hathaway Class A, cutting an estimated $122M.
- Thomas Russo fully exited Corteva in Q4 2024, selling an estimated $357K.
- Thomas Russo's ten largest holdings make up 80% of its $8.85B portfolio in Q4 2024.
- Thomas Russo opened 2 new positions and closed 11 in Q4 2024.
- Thomas Russo's portfolio value fell 9.2% quarter-over-quarter to $8.85B.
Based on Gardner Russo & Quinn's 13F filing for Q4 2024, filed 12 Feb 2025.