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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Sells
These are the positions the manager reduced or sold out of this quarter, showing where they pulled money back. 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 | — | - |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| AMZN | Amazon.com Inc | Reduce -10.0% | 0.00% | 936 | $223.09K | $238.34 | $204.90 - $278.56(45%)$210.57 -> $238.72 |
| 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 |