Thomas Russo

Gardner Russo & Quinn LLC · Holdings as of Sep 30, 2023, filed by Nov 15, 2023 · US long stock positions only

Global brands

Reported value

$9B

60 positions shown

Copycat since 2016

2.56x

10% per year · low coverage

vs SPY

behind

SPY 3.57x same window

Top position

BRK.A

14% of book

Copying these filings vs SPY

$1 at every deadline since 2016

Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance. Only 61% of this book is priceable; read the line loosely.

Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023

The book

tile = share of the filed book · tap a tile for the ticker · Sep 2023

BRK.A 14% GOOG 12% MA 10% NSRGY 10%

unlisted 7%

PM 6% BRK.B 6%

unlisted 5%

NFLX 5% MLM 4%

unlisted 4%

JPM 3% CMCSA 2% BF.A 1%

+67 more 4%

Symbol	Value	% of book	vs prior quarter
BRK.A	$1.3B	14%	unchanged
GOOG	$1.1B	12%	unchanged
MA	$943M	10%	unchanged
NSRGY	$889M	10%	unchanged
unlisted	$618M	7%	unchanged
unlisted	$598M	7%	unchanged
PM	$578M	6%	unchanged
BRK.B	$567M	6%	unchanged
unlisted	$472M	5%	unchanged
NFLX	$439M	5%	unchanged
MLM	$394M	4%	unchanged
unlisted	$326M	4%	unchanged
JPM	$304M	3%	unchanged
CMCSA	$156M	2%	trimmed
BF.A	$137M	1%	unchanged
V	$76M	1%	unchanged
BF.B	$55M	1%	unchanged
unlisted	$30M	0%	trimmed
WFC	$30M	0%	unchanged
XOM	$21M	0%	unchanged
CABO	$15M	0%	trimmed
MKL	$15M	0%	unchanged
MO	$14M	0%	unchanged
VMC	$11M	0%	unchanged
unlisted	$10M	0%	unchanged
CR	$6M	0%	unchanged
PG	$5M	0%	unchanged
unlisted	$5M	0%	trimmed
unlisted	$5M	0%	unchanged
UNP	$4M	0%	unchanged
HRL	$4M	0%	trimmed
AXP	$4M	0%	trimmed
DOV	$4M	0%	unchanged
unlisted	$4M	0%	unchanged
unlisted	$4M	0%	unchanged
MKC	$3M	0%	unchanged
GOOGL	$3M	0%	added
COST	$3M	0%	unchanged
PEP	$2M	0%	unchanged
unlisted	$2M	0%	unchanged
unlisted	$2M	0%	unchanged
SWZ	$2M	0%	unchanged
ABBV	$2M	0%	unchanged
FULT	$1M	0%	added
AAPL	$1M	0%	added
PNC	$1M	0%	unchanged
DD	$1M	0%	unchanged
FMX	$1M	0%	trimmed
ABT	$1M	0%	unchanged
KO	$1M	0%	unchanged
DOW	$1M	0%	unchanged
OUT	$946K	0%	trimmed
CVX	$798K	0%	unchanged
CFRUY	$763K	0%	unchanged
GHC	$677K	0%	unchanged
MSFT	$673K	0%	trimmed
HKHHY	$605K	0%	unchanged
PRNDY	$586K	0%	unchanged
WMT	$553K	0%	unchanged
unlisted	$551K	0%	unchanged

Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.