GARDNER RUSSO & QUINN LLC

Superinvestor · Tom Russo

CIK

860643

Location

LANCASTER, PA

Portfolio Value

Small $375,170,183

Diversification

Diversified

Filing Date

Global Rank

#758 / 8,588 ▲ 22

Top Industry

Credit Services 19.0%

3Y Alpha vs SPY

-6.7%

Period ended 3 months ago

Filed May 13, 2026 · 35d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+51.0%

SPY

+76.8%

Annualised alpha

-6.2%

Max drawdown

−10.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

53 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

18.3%

−3.2 pts

Top 5

71.5%

−3.3 pts

Top 10

95.7%

−0.7 pts

HHI

1,259

Diversified−93

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	32.9%	$1,395,280,620	10
Consumer Defensive	19.5%	$828,348,925	10
Communication Services	14.3%	$607,733,367	4
Basic Materials	10.0%	$423,125,861	2
Industrials	9.8%	$414,730,910	8
Technology	8.9%	$375,170,183	4
Consumer Cyclical	3.6%	$153,248,092	5
Energy	0.8%	$33,416,600	2
Healthcare	0.1%	$6,142,670	5
Real Estate	0.0%	$1,039,992	2
Unclassified	0.0%	$579,165	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
NFLX	Netflix Inc	+605,901	5,610,666	$539,465,535
DASH	DoorDash, Inc.	+70,728	1,001,195	$150,329,429
LEVI	Levi Strauss & Co	+35,000	82,725	$1,529,585
UBER	Uber Technologies, Inc	+28,344	5,173,404	$372,122,949
WRBY	Warby Parker Inc.	+15,000	80,000	$1,685,600
UNP	Union Pacific Corp	+2,654	27,638	$6,705,531
XOM	Exxon Mobil Corp	+917	193,950	$32,905,557
JNJ	Johnson & Johnson	+328	1,304	$318,749
ORCL	Oracle Corp	+125	3,600	$529,596
AAPL	Apple Inc.	+77	4,751	$1,205,756
MCD	Mcdonalds Corp	+42	947	$294,318
DIS	Walt Disney Co	+7	2,517	$242,588
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
JPM	Jpmorgan Chase & Co	−380,019	148,798	$43,770,419
PM	Philip Morris International Inc.	−92,439	4,605,069	$761,402,108
SWZ	Total Return Securities Fund	−48,617	97,667	$579,165
CMCSA	Comcast Corp	−47,091	2,253,106	$64,686,673
MA	Mastercard Inc	−30,858	1,555,141	$777,041,752
BF-A	Brown Forman Corp	−20,216	1,647,878	$44,146,651
V	Visa Inc.	−15,006	93,812	$28,353,738
BRK-B	Berkshire Hathaway Inc	−14,966	1,110,429	$532,117,576
MLM	Martin Marietta Materials Inc	−11,201	715,411	$421,148,147
CR	Crane Co	−7,775	46,626	$7,973,046
AXP	American Express Co	−5,675	6,485	$1,961,582
FULT	Fulton Financial Corp	−5,150	48,950	$995,643
GOOGL	Alphabet Inc.	−3,306	11,610	$3,338,571
PG	PROCTER & GAMBLE Co	−2,722	9,229	$1,333,036
OUT	OUTFRONT Media Inc.	−2,089	13,588	$360,082
MKC	Mccormick & Co Inc	−2,085	38,581	$1,946,025
MKL	Markel Group Inc.	−1,325	4,954	$9,482,302
HRL	Hormel Foods Corp /De/	−835	19,000	$430,350
VMC	Vulcan Materials CO	−649	7,263	$1,977,714
KO	Coca Cola Co	−615	13,025	$990,551
LAMR	Lamar Advertising Co/New	−606	5,368	$679,910
PEP	Pepsico Inc	−589	9,205	$1,429,444
WFC	Wells Fargo & Company/Mn	−514	7,450	$593,094
WMT	Walmart Inc.	−425	9,740	$1,210,487
DOV	DOVER Corp	−400	19,126	$3,986,814
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
SUNB	Sunbelt Rentals Holdings, Inc.	6,049,133	$393,738,066
MRK	Merck & Co., Inc.	2,141	$257,540
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
H	Hyatt Hotels Corp	8,675	$1,390,776
PNC	Pnc Financial Services Group, Inc.	3,750	$782,737
IBM	International Business Machines Corp	750	$222,157
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

4 positions · $375,170,183 total · Technology only · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
UBER	Uber Technologies, Inc Technology	Added	5,173,404	+28,344	$372,122,949	−11.5%	$76.97	99.19%
MSFT	Microsoft Corp Technology	Reduced	3,544	-161	$1,311,882	−26.8%	$418.44	0.35%
AAPL	Apple Inc. Technology	Added	4,751	+77	$1,205,756	−5.1%	$260.25	0.32%
ORCL	Oracle Corp Technology	Added	3,600	+125	$529,596	−21.8%	$162.55	0.14%