Thomas Russo - Gardner Russo & Quinn
As of Q2 2026, Thomas Russo reported 85 long-equity positions worth $8.93B in aggregate.
Copy-investor backtest
- Latest quarter
- +2.96%
- 1-year
- +9.55%
- 3-year
- +40.37%
- 5-year
- +44.31%
- 3-year vs S&P 500
- -33.64%
- 5-year vs S&P 500
- -29.91%
- 5-year top 5
- +49.65%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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All activity
This tab shows every position the manager opened, added to, reduced, or exited compared with the prior quarter, so you can see exactly what changed. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| GOOG | Alphabet Inc Cl C | Reduce -9.0% | 12.07% | 3,048,077 | $1.08B | $353.33 | $287.57 - $404.47(56%)$294.90 -> $353.33 |
| GNRC | Generac Holdings Inc | Sold | — | 0 | $0 | — | - |
| - | Eurofins ScientificCUSIP L31839134 | Add +32.2% | 3.60% | 4,094,034 | $320.91M | — | - |
| JPM | J.P. Morgan Chase | Reduce -83.4% | 0.09% | 24,719 | $8.09M | $327.33 | $288.72 - $343.45(71%)$295.38 -> $327.33 |
| DASH | Doordash Inc Cl A | Add +18.5% | 2.45% | 1,186,104 | $218.87M | $184.53 | $146.11 - $191.17(85%)$150.50 -> $184.53 |
| CFRHF | Compagnie Financiere Richemont | Reduce -3.0% | 8.67% | 3,345,346 | $773.66M | $231.27 | $172.82 - $243.24(83%)$176.96 -> $225.73 |
| BRK-A | Berkshire Hathaway Inc Cl A | Reduce -1.9% | 12.01% | 1,432 | $1.07B | $748850.00 | $698000.00 - $749970.00(98%)$716258.00 -> $748099.75 |
| NSRGY | Nestle SA Sponsored ADR | Reduce -3.0% | 6.11% | 5,314,898 | $545.79M | $102.69 | $95.46 - $104.52(80%)$98.57 -> $102.66 |
| MA | Mastercard Inc Cl A | Reduce -2.1% | 8.76% | 1,522,395 | $781.9M | $513.60 | $464.52 - $534.21(70%)$491.65 -> $513.60 |
| BRK-B | Berkshire Hathaway Inc Cl B | Reduce -2.8% | 6.05% | 1,079,364 | $540.1M | $500.39 | $464.01 - $500.56(100%)$478.50 -> $499.99 |
| HKHHF | Heineken Holding NV | Reduce -2.1% | 7.61% | 8,905,683 | $679.64M | $76.32 | $68.42 - $75.88(100%)$70.32 -> $73.85 |
| PM | Philip Morris International In | Reduce -1.6% | 9.18% | 4,530,846 | $819.68M | $180.91 | $151.63 - $193.05(71%)$157.33 -> $180.91 |
| SUNB | Sunbelt Rentals Holdings Inc | Reduce -2.5% | 4.94% | 5,897,825 | $441.22M | $74.81 | $61.03 - $85.94(55%)$64.45 -> $74.81 |
| PDRDF | Pernod Ricard | Reduce -5.2% | 1.92% | 2,351,360 | $171.68M | $73.01 | $69.57 - $81.97(28%)$71.67 -> $72.31 |
| NFLX | Netflix Inc | Add +1.8% | 4.57% | 5,710,088 | $407.7M | $71.40 | $70.86 - $108.95(1%)$95.55 -> $71.40 |
| UBER | Uber Technologies Inc | Reduce -1.7% | 4.11% | 5,084,015 | $366.86M | $72.16 | $67.19 - $80.83(36%)$71.71 -> $72.16 |
| MLM | Martin Marietta Materials | Reduce -1.4% | 4.56% | 705,367 | $406.78M | $576.70 | $525.38 - $641.93(44%)$598.92 -> $576.70 |
| V | Visa Inc Cl A | Reduce -7.0% | 0.34% | 87,256 | $29.94M | $343.09 | $293.89 - $345.80(95%)$298.51 -> $343.09 |
| XOM | Exxon Mobil Corp | Reduce -6.6% | 0.28% | 181,200 | $24.77M | $136.72 | $134.95 - $168.00(5%)$160.78 -> $136.72 |
| CMCSA | Comcast Corp New Cl A | Reduce -2.6% | 0.60% | 2,193,660 | $53.85M | $24.55 | $22.13 - $32.08(24%)$28.05 -> $24.55 |
| BF-A | Brown-Forman Corp Cl A | Reduce -3.0% | 0.49% | 1,597,815 | $43.72M | $27.36 | $25.14 - $31.14(37%)$26.86 -> $27.30 |
| MKL | Markel Corp | Reduce -13.9% | 0.09% | 4,265 | $8.33M | $1953.01 | $1719.41 - $2011.54(80%)$1902.58 -> $1953.01 |
| COST | Costco Whsl Corp | Reduce -26.5% | 0.04% | 3,399 | $3.18M | $935.48 | $932.41 - $1096.50(2%)$996.56 -> $935.47 |
| MO | Altria Group Inc | Reduce -9.6% | 0.12% | 148,603 | $10.69M | $71.95 | $63.68 - $74.56(76%)$65.48 -> $71.95 |
| BUDFF | Anheuser-Busch InBev SA | Reduce -6.9% | 0.16% | 171,294 | $14.23M | $83.07 | $69.99 - $84.00(93%)$69.99 -> $82.27 |
| CR | Crane Company | Reduce -5.8% | 0.11% | 43,937 | $9.8M | $223.07 | $165.38 - $226.39(95%)$172.92 -> $223.23 |
| BF-B | Brown-Forman Corp Cl B | Reduce -3.1% | 0.19% | 639,282 | $17.04M | $26.65 | $24.60 - $31.24(31%)$26.51 -> $26.65 |
| UNP | Union Pac Corp | Reduce -6.5% | 0.08% | 25,841 | $7.03M | $272.00 | $240.00 - $279.70(81%)$243.12 -> $272.00 |
| AXP | American Express | Reduce -21.0% | 0.02% | 5,125 | $1.73M | $338.25 | $292.58 - $352.46(76%)$301.45 -> $338.31 |
| PG | Procter & Gamble | Reduce -29.0% | 0.01% | 6,554 | $961.08K | $146.64 | $138.86 - $153.35(54%)$144.09 -> $146.64 |
| CAT | Caterpillar Inc | Reduce -41.1% | 0.00% | 265 | $282.2K | $1064.90 | $704.27 - $1073.46(98%)$730.32 -> $1064.45 |
| GOOGL | Alphabet Inc Cl A | Reduce -4.3% | 0.04% | 11,114 | $3.97M | $357.37 | $289.45 - $408.61(57%)$297.39 -> $357.37 |
| - | De'LonghiCUSIP T3508H102 | Add +9.5% | 0.02% | 42,700 | $1.81M | — | - |
| WMT | Wal Mart Stores Inc | Reduce -13.1% | 0.01% | 8,465 | $958.75K | $113.26 | $112.73 - $135.16(2%)$124.74 -> $113.26 |
| ORCL | Oracle Corp | Reduce -24.6% | 0.00% | 2,715 | $397.88K | $146.55 | $134.57 - $250.25(10%)$145.23 -> $146.55 |
| FULT | Fulton Finl Corp | Reduce -9.6% | 0.01% | 44,250 | $1.07M | $24.19 | $20.05 - $24.43(95%)$20.58 -> $24.19 |
| - | ALK Abello A/SCUSIP K03294137 | Add +6.0% | 0.02% | 53,000 | $1.98M | — | - |
| MRK | Merck Inc | Reduce -23.3% | 0.00% | 1,642 | $211.01K | $128.51 | $107.90 - $130.29(92%)$120.84 -> $128.50 |
| DOV | Dover Corp | Reduce -1.4% | 0.05% | 18,851 | $4.23M | $224.28 | $200.63 - $233.65(72%)$207.30 -> $224.28 |
| KO | Coca-Cola | Reduce -5.2% | 0.01% | 12,350 | $1M | $81.27 | $74.55 - $84.04(71%)$76.08 -> $81.27 |
| JNJ | Johnson & Johnson | Reduce -14.7% | 0.00% | 1,112 | $282.42K | $253.97 | $220.37 - $259.88(85%)$244.12 -> $253.97 |
| AAPL | Apple Inc | Reduce -3.2% | 0.01% | 4,601 | $1.33M | $289.36 | $245.70 - $316.94(61%)$255.63 -> $289.05 |
| DVDCF | Davide Campari-Milano NV | Reduce -3.5% | 0.01% | 195,048 | $1.21M | $6.23 | $6.07 - $7.90(9%)$7.00 -> $6.11 |
| CABJF | Carlsberg B A/S | Add +2.7% | 0.01% | 10,135 | $1.33M | $131.05 | $117.23 - $137.80(67%)$117.23 -> $127.13 |
| MKC | McCormick Inc | Reduce -1.6% | 0.02% | 37,981 | $1.92M | $50.42 | $44.82 - $54.71(57%)$48.38 -> $50.42 |
| UNM | Unum Group | Reduce -8.3% | 0.00% | 3,485 | $311.56K | $89.40 | $72.28 - $93.20(82%)$73.86 -> $89.40 |
| LEVI | Levi Strauss & Co Cl A | Add +1.2% | 0.02% | 83,725 | $2.08M | $24.83 | $18.30 - $24.96(98%)$19.00 -> $24.83 |
| AMZN | Amazon.com Inc | Reduce -10.0% | 0.00% | 936 | $223.09K | $238.34 | $204.90 - $278.56(45%)$210.57 -> $238.72 |
| - | Kalmar Oyj BCUSIP X4S8SE108 | Add +1.9% | 0.01% | 27,500 | $1.21M | — | - |
| MSFT | Microsoft Corp | Add +1.1% | 0.01% | 3,584 | $1.34M | $373.02 | $349.20 - $466.32(20%)$369.37 -> $373.02 |
| HRL | Hormel Foods Corp | Reduce -2.6% | 0.01% | 18,500 | $459.17K | $24.82 | $19.70 - $26.60(74%)$22.03 -> $24.82 |
| PEP | Pepsico Inc | Reduce -1.0% | 0.01% | 9,115 | $1.23M | $135.41 | $134.94 - $160.03(2%)$154.65 -> $135.40 |
| DIS | Disney Walt Productions | Reduce -1.0% | 0.00% | 2,492 | $239.86K | $96.25 | $95.09 - $110.48(8%)$96.56 -> $96.22 |
| WFC | Wells Fargo | Add +0.0% | 0.01% | 7,451 | $615.76K | $82.64 | $72.78 - $87.08(69%)$80.57 -> $82.64 |