Tom Russo
Gardner Russo & Quinn
Partner at Gardner Russo & Quinn. Holds global consumer brands for decades - low turnover, family-controlled companies.
13F portfolio value
Q2 2026
$8.93B
1-year growth
-5.1%
2-year growth
-5.7%
Positions
85
Top 10 share
80.0%
Quarterly turnover
1.6%
Last filed
Aug 13, 2026
Q2 2026: summary
MakklerAI- At June 30, 2026, the portfolio was worth $8.9B; Russo added to 9 positions, reduced 42, opened 1 and exited 2, with 1.6% turnover.
- GOOG was the largest cut, down 9.0% in shares to a 12.1% weight; Eurofins Scientific rose 32.2% to 3.6%, and DASH gained 18.5% to 2.5%.
- The top 10 holdings made up 80.0% of the portfolio; GOOG led at 12.1% ($1.1B), just ahead of BRK-A at 12.0% ($1.1B).
- Portfolio value rose from $8.5B in the prior quarter to $8.9B; GOOG’s weight increased from 11.3% to 12.1%, while BRK-A’s eased from 12.3% to 12.0%.
Portfolio value (13F)
$9.47BQ2 2024
$9.74BQ3 2024
$8.85BQ4 2024
$8.92BQ1 2025
$9.41BQ2 2025
$9.33BQ3 2025
$9.26BQ4 2025
$8.50BQ1 2026
$8.93BQ2 2026
| Quarter | Value | Positions | New | Added | Trimmed | Sold | Quarterly turnover |
|---|---|---|---|---|---|---|---|
| Q2 2026 | $8.93B | 85 | 1 | 9 | 42 | 2 | 1.6% |
| Q1 2026 | $8.50B | 86 | 4 | 19 | 38 | 5 | 8.2% |
| Q4 2025 | $9.26B | 87 | 5 | 15 | 29 | 3 | 1.2% |
| Q3 2025 | $9.33B | 85 | 2 | 11 | 39 | 2 | 0.7% |
| Q2 2025 | $9.41B | 85 | 2 | 12 | 43 | 3 | 1.4% |
| Q1 2025 | $8.92B | 86 | 20 | 8 | 42 | 2 | 1.5% |
| Q4 2024 | $8.85B | 68 | 3 | 3 | 48 | 12 | 0.3% |
| Q3 2024 | $9.74B | 77 | 2 | 9 | 45 | 2 | 0.3% |
| Q2 2024 | $9.47B | 77 | — | — | — | — | — |
Weight of the largest positions
The latest quarter's 10 largest positions, with their weights in earlier quarters.
| Stock | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|---|---|---|---|---|
| GOOG | 12.0% | 10.3% | 12.1% | 8.9% | 9.6% | 12.1% | 13.3% | 11.3% | 12.1% |
| BRK-A | 13.7% | 14.5% | 14.4% | 14.8% | 12.6% | 12.5% | 12.1% | 12.3% | 12.0% |
| PM | 5.9% | 6.7% | 7.1% | 8.9% | 9.4% | 8.1% | 8.1% | 9.0% | 9.2% |
| MA | 9.6% | 10.2% | 11.2% | 10.5% | 10.1% | 9.9% | 9.8% | 9.1% | 8.8% |
| Compagnie Financiere Richemont | 7.7% | 7.3% | 7.3% | 7.3% | 7.4% | 7.4% | 8.2% | 7.0% | 8.7% |
| Heineken Holding Nv | 6.7% | 6.3% | 5.3% | 6.6% | 6.7% | 6.8% | 7.3% | 7.6% | 7.6% |
| NSRGY | 7.9% | 7.2% | 5.8% | 7.0% | 6.3% | 5.7% | 6.0% | 6.4% | 6.1% |
| BRK-B | 6.0% | 6.3% | 6.6% | 7.0% | 6.0% | 6.3% | 6.1% | 6.3% | 6.1% |
| SUNB | — | — | — | — | — | — | — | 4.6% | 4.9% |
| NFLX | 5.6% | 5.3% | 6.4% | 5.8% | 7.7% | 6.6% | 5.1% | 6.3% | 4.6% |
| MLM | 4.4% | 4.1% | 4.1% | 3.8% | 4.2% | 4.6% | 4.9% | 5.0% | 4.6% |
| UBER | 2.8% | 2.9% | 2.8% | 3.6% | 4.9% | 4.9% | 4.5% | 4.4% | 4.1% |
| Eurofins Scientific | — | — | — | — | — | — | — | 2.6% | 3.6% |
| DASH | 0.8% | 1.0% | 1.3% | 1.6% | 2.5% | 2.7% | 2.3% | 1.8% | 2.5% |
| Pernod Ricard | 4.7% | 5.0% | 3.9% | 3.2% | 3.0% | 2.8% | 2.4% | 2.2% | 1.9% |
| CMCSA | 1.3% | 1.3% | 1.2% | 1.1% | 1.0% | 0.8% | 0.7% | 0.8% | 0.6% |
| BF-A | 1.0% | 1.0% | 0.9% | 0.7% | 0.5% | 0.5% | 0.5% | 0.5% | 0.5% |
| V | 0.8% | 0.7% | 0.7% | 0.5% | 0.5% | 0.4% | 0.4% | 0.3% | 0.3% |
| XOM | — | — | — | — | — | — | — | — | 0.3% |
| BF-B | 0.4% | 0.4% | 0.4% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| Anheuser-Busch Inbev Sa | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.2% |
| MO | 0.1% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| CR | <0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | <0.1% | 0.1% |
| MKL | 0.2% | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | <0.1% |
| JPM | 3.2% | 3.1% | 3.4% | 2.9% | 1.8% | 1.8% | 1.8% | 0.5% | <0.1% |
| UNP | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| DOV | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| GOOGL | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| COST | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| ABBV | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| WRBY | — | — | — | — | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| VMC | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| LEVI | — | — | — | <0.1% | — | <0.1% | — | <0.1% | <0.1% |
| Alk Abello A/S | — | — | — | — | — | — | <0.1% | <0.1% | <0.1% |
| MKC | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| De'Longhi | — | — | — | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Lindt & Spruengli Ag - Reg | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Ssp Group | — | — | — | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| AXP | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Demant A/S | — | — | — | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Loreal Sa | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Fielmann | — | — | — | — | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Konecranes | — | — | — | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Rational Ag | — | — | — | — | — | — | — | <0.1% | <0.1% |
| Fluidra | — | — | — | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Lotus Bakeries | — | — | — | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| MSFT | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| AAPL | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Carlsberg B A/S | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| SUNB | — | — | — | — | — | — | — | <0.1% | <0.1% |
| Heineken Nv | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Puig Brands | — | — | — | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| PEP | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Davide Campari-Milano Nv | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% |
| Kalmar Oyj B | — | — | — | — | — | — | <0.1% | <0.1% | <0.1% |
| YETI | — | — | — | <0.1% | — | — | — | — | <0.1% |
| Nestle Sa-Reg | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | — | <0.1% |
| H&M | — | — | — | <0.1% | — | <0.1% | <0.1% | <0.1% | <0.1% |
| FULT | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | <0.1% | — | — | <0.1% |
| JBTM | — | — | — | — | — | <0.1% | <0.1% | — | <0.1% |
MakklerAI
Ask MakklerAI about Tom Russo's portfolio
Explore this quarter's moves and where each position stands against its estimated buy price and Makkler Fair Value. Answers are based on the 13F and today's prices.