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 | |
|---|---|---|---|---|---|---|
|
1
Alphabet (Google) Class C
GOOG
$4.18T
| $1.23B | 13.32% |
3,931,197
-718,726
| -15% | -$206M |
|
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $1.12B | 12.12% |
1,488
-53
| -3% | -$39.6M |
|
|
3
Mastercard
MA
$509B
| $905M | 9.77% |
1,585,999
-34,273
| -2% | -$19.2M |
|
|
4
Philip Morris
PM
$293B
| $753M | 8.13% |
4,697,508
+35,307
| +0.8% | +$5.47M |
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.06T
| $566M | 6.11% |
1,125,395
-35,999
| -3% | -$17.9M |
|
|
6
Netflix
NFLX
$331B
| $469M | 5.07% |
5,004,765
-139,485
| -3% | -$15M |
|
|
7
Martin Marietta Materials
MLM
$32.1B
| $452M | 4.88% |
726,612
+39,075
| +6% | +$24.3M |
|
|
8
Uber
UBER
$161B
| $420M | 4.54% |
5,145,060
+434,219
| +9% | +$39.1M |
|
|
9
DoorDash
DASH
$96.8B
| $211M | 2.27% |
930,467
+4,104
| +0.4% | +$963K |
|
10
JPMorgan Chase
JPM
$935B
| $170M | 1.84% |
528,817
-16,213
| -3% | -$5.02M |
|
11
Comcast
CMCSA
$95.3B
| $68.8M | 0.74% |
2,300,197
-145,514
| -6% | -$4.15M |
|
12
Brown-Forman Class A
BF.A
$13.3B
| $43.9M | 0.47% |
1,668,094
-49,978
| -3% | -$1.39M |
|
13
Visa
V
$693B
| $38.2M | 0.41% |
108,818
-13,446
| -11% | -$4.58M |
|
14
ExxonMobil
XOM
$679B
| $23.2M | 0.25% |
193,033
+1,291
| +0.7% | +$150K |
|
|
15
Brown-Forman Class B
BF.B
$13.1B
| $18.5M | 0.2% |
708,179
-57,589
| -8% | -$1.62M |
|
16
Markel Group
MKL
$22.2B
| $13.5M | 0.15% |
6,279
-1,374
| -18% | -$2.78M |
|
17
Crane Co
CR
$12B
| $10M | 0.11% |
54,401
-2,075
| -4% | -$385K |
|
18
Altria Group
MO
$110B
| $9.5M | 0.1% |
164,772
-921
| -0.6% | -$55.6K |
|
19
Union Pacific
UNP
$183B
| $5.78M | 0.06% |
24,984
+141
| +0.6% | +$32.2K |
|
|
20
Alphabet (Google) Class A
GOOGL
$4.22T
| $4.67M | 0.05% |
14,916
-570
| -4% | -$163K |
|
21
American Express
AXP
$227B
| $4.5M | 0.05% |
12,160
-1,472
| -11% | -$527K |
|
22
Costco
COST
$420B
| $3.99M | 0.04% |
4,624
| – | – |
|
23
Dover
DOV
$27.2B
| $3.81M | 0.04% |
19,526
-25
| -0.1% | -$4.55K |
|
24
AbbVie
ABBV
$468B
| $2.84M | 0.03% |
12,410
| – | – |
|
25
McCormick & Company Non-Voting
MKC
$14.9B
| $2.77M | 0.03% |
40,666
-925
| -2% | -$61.4K |
|
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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.