What stocks does Thomas Russo own?

As of 2026Q2, Thomas Russo's 13F discloses 85 positions worth $8.93B. The top five holdings: GOOG (12.1%), BRK/A (12.0%), PM (9.2%), MA (8.8%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.

What did Thomas Russo buy this quarter?

In 2026Q2, the filing shows 1 new position and 1 addition to existing holdings. The largest positions touched by buying: XOM.

How big is Thomas Russo's portfolio?

$8.93B across 85 positions per the latest 13F (filed Aug 13, 2026). The top five holdings account for 51% of the disclosed book.

← All super investors

Thomas Russo

Gardner Russo & Quinn

$8.93B

disclosed 13F portfolio · 85 positions

top-5 concentration51%

Q2 2026 · filed Aug 13, 2026

Cloning this 13F returned8.2%/yrvs the S&P 500's13.7%/yrover the same 12.2 years· why →

Thomas Russo (Gardner Russo & Quinn) discloses a $8.93B portfolio across 85 US-listed positions in the latest 13F filing (2026Q2, filed Aug 13, 2026). The largest holding is GOOG at 12.1% of the book. Mechanically cloning this 13F returned 8.2%/yr over the past 12.2 years, versus 13.7%/yr for the S&P 500 across that identical 12.2-year window.

Share𝕏 in

Holdings (85) · click any column to sort

#↑	Ticker	Issuer	% Port.	This Q	History	Value
1	GOOG	Alphabet Inc-cl C	12.1%		40q held	$1.08B
2	BRK/A	Berkshire Hathaway Inc-cl A	12.0%		40q held	$1.07B
3	PM	Philip Morris International	9.2%		40q held	$820M
4	MA	Mastercard Inc - A	8.8%		40q held	$782M
5	H25662182	Compagnie Financiere Richemont	8.7%		40q held	$774M
6	N39338194	Heineken Holding NV	7.6%		40q held	$680M
7	NSRGY	Nestle Sa-spons Adr	6.1%		40q held	$546M
8	BRK/B	Berkshire Hathaway Inc-cl B	6.1%		40q held	$540M
9	SUNB	Sunbelt Rentals Holdings Inc	4.9%		2q held	$441M
10	NFLX	Netflix Inc	4.6%		17q held	$408M
11	MLM	Martin Marietta Materials	4.6%		40q held	$407M
12	UBER	Uber Technologies Inc	4.1%		11q held	$367M
13	L31839134	Eurofins Scientific	3.6%	+32%	2q held	$321M
14	DASH	Doordash Inc - A	2.5%		9q held	$219M
15	F72027109	Pernod Ricard	1.9%		40q held	$172M
16	CMCSA	Comcast Corp-class A	0.6%		40q held	$54M
17	BF/A	Brown-forman Corp-class A	0.5%		40q held	$44M
18	V	Visa Inc-class A Shares	0.3%		40q held	$30M
19	XOM	Exxonmobil Holdings Corp	0.3%	New	— 1q held	$25M
20	BF/B	Brown-forman Corp-class B	0.2%		40q held	$17M
21	B639CJ108	Anheuser-busch Inbev SA	0.2%		40q held	$14M
22	MO	Altria Group Inc	0.1%		40q held	$11M
23	CR	Crane CO	0.1%		13q held	$10M
24	MKL	Markel Group Inc	0.1%		40q held	$8M
25	JPM	Jpmorgan Chase & CO	0.1%	-83%	35q held	$8M
26	UNP	Union Pacific Corp	0.1%		40q held	$7M
27	DOV	Dover Corp	<0.1%		40q held	$4M
28	GOOGL	Alphabet Inc-cl A	<0.1%		40q held	$4M
29	COST	Costco Wholesale Corp	<0.1%	-26%	40q held	$3M
30	ABBV	Abbvie Inc	<0.1%		40q held	$3M
31	WRBY	Warby Parker Inc-class A	<0.1%		6q held	$2M
32	VMC	Vulcan Materials CO	<0.1%		40q held	$2M
33	LEVI	Levi Strauss & Co- Class A	<0.1%		6q held	$2M
34	K03294137	Alk Abello A/s	<0.1%		3q held	$2M
35	MKC	Mccormick & Co-non Vtg Shrs	<0.1%		40q held	$2M
36	T3508H102	De'longhi	<0.1%		6q held	$2M
37	H49983176	Lindt & Spruengli AG - Reg	<0.1%		40q held	$2M
38	G8402N125	Ssp Group	<0.1%		6q held	$2M
39	AXP	American Express CO	<0.1%	-21%	40q held	$2M
40	K3008M105	Demant A/s	<0.1%		6q held	$2M
41	F58149133	Loreal SA	<0.1%		40q held	$2M
42	D2617N114	Fielmann	<0.1%		6q held	$2M
43	X4550J108	Konecranes	<0.1%		6q held	$2M
44	D6349P107	Rational AG	<0.1%		6q held	$2M
45	E52619108	Fluidra	<0.1%		6q held	$2M
46	B5783H102	Lotus Bakeries	<0.1%		6q held	$2M
47	MSFT	Microsoft Corp	<0.1%		40q held	$1M
48	AAPL	Apple Inc	<0.1%		35q held	$1M
49	K36628137	Carlsberg B A/s	<0.1%		25q held	$1M
50	CREST6610	Sunbelt Rentals Holdings Ord	<0.1%		2q held	$1M
51	N39427211	Heineken NV	<0.1%		40q held	$1M
52	E8S64T107	Puig Brands	<0.1%		6q held	$1M
53	PEP	Pepsico Inc	<0.1%		40q held	$1M
54	N24565108	Davide Campari-milano NV	<0.1%		25q held	$1M
55	X4S8SE108	Kalmar Oyj B	<0.1%		4q held	$1M
56	YETI	Yeti Holdings Inc	<0.1%		6q held	$1M
57	H57312649	Nestle Sa-reg	<0.1%		40q held	$1M
58	W41422101	H&m	<0.1%		6q held	$1M
59	FULT	Fulton Financial Corp	<0.1%		40q held	$1M
60	JBTM	Jbt Marel Corp	<0.1%		6q held	$1M
61	ABT	Abbott Laboratories	<0.1%		40q held	$1M
62	W2457W116	Electrolux Professional	<0.1%		6q held	$1M
63	KO	Coca-cola Co/the	<0.1%		40q held	$1M
64	PG	Procter & Gamble Co/the	<0.1%	-29%	40q held	$961K
65	WMT	Walmart Inc	<0.1%		40q held	$959K
66	HRI	Herc Holdings Inc	<0.1%		6q held	$925K
67	LAMR	Lamar Advertising Co-a	<0.1%		40q held	$837K
68	D98423102	Zalando SE	<0.1%		5q held	$812K
69	FBLA	FB Bancorp Inc	<0.1%		7q held	$753K
70	WFC	Wells Fargo & CO	<0.1%		40q held	$616K
71	SWZ	Total Return Securities Fund	<0.1%		24q held	$580K
72	HRL	Hormel Foods Corp	<0.1%		40q held	$459K
73	OUT	Outfront Media Inc	<0.1%		7q held	$445K
74	Y5342M100	LT Group Inc	<0.1%		40q held	$432K
75	CVX	Chevron Corp	<0.1%		40q held	$409K
76	ORCL	Oracle Corp	<0.1%	-25%	33q held	$398K
77	UNM	Unum Group	<0.1%		15q held	$312K
78	JNJ	Johnson & Johnson	<0.1%		6q held	$282K
79	CAT	Caterpillar Inc	<0.1%	-41%	5q held	$282K
80	MCD	Mcdonald's Corp	<0.1%		40q held	$256K
81	DIS	Walt Disney Co/the	<0.1%		40q held	$240K
82	AMZN	Amazon.com Inc	<0.1%		4q held	$223K
83	MRK	Merck & Co. Inc.	<0.1%	-23%	29q held	$211K
84	T19404101	Cofide Spa	<0.1%		16q held	$200K
85	Y7121Z146	Hanjaya Mandala Sampoerna	<0.1%		40q held	$187K

Sort↑

1GOOG
port12.1%
val$1.08B
Alphabet Inc-cl C
this Q hold·40q
2BRK/A
port12.0%
val$1.07B
Berkshire Hathaway Inc-cl A
this Q hold·40q
3PM
port9.2%
val$820M
Philip Morris International
this Q hold·40q
4MA
port8.8%
val$782M
Mastercard Inc - A
this Q hold·40q
5H25662182
port8.7%
val$774M
Compagnie Financiere Richemont
this Q hold·40q
6N39338194
port7.6%
val$680M
Heineken Holding NV
this Q hold·40q
7NSRGY
port6.1%
val$546M
Nestle Sa-spons Adr
this Q hold·40q
8BRK/B
port6.1%
val$540M
Berkshire Hathaway Inc-cl B
this Q hold·40q
9SUNB
port4.9%
val$441M
Sunbelt Rentals Holdings Inc
this Q hold·2q
10NFLX
port4.6%
val$408M
Netflix Inc
this Q hold·17q
11MLM
port4.6%
val$407M
Martin Marietta Materials
this Q hold·40q
12UBER
port4.1%
val$367M
Uber Technologies Inc
this Q hold·11q
13L31839134
port3.6%
val$321M
Eurofins Scientific
this Q +32%·2q
14DASH
port2.5%
val$219M
Doordash Inc - A
this Q hold·9q
15F72027109
port1.9%
val$172M
Pernod Ricard
this Q hold·40q
16CMCSA
port0.6%
val$54M
Comcast Corp-class A
this Q hold·40q
17BF/A
port0.5%
val$44M
Brown-forman Corp-class A
this Q hold·40q
18V
port0.3%
val$30M
Visa Inc-class A Shares
this Q hold·40q
19XOM
port0.3%
val$25M
Exxonmobil Holdings Corp
this Q New·—1q
20BF/B
port0.2%
val$17M
Brown-forman Corp-class B
this Q hold·40q
21B639CJ108
port0.2%
val$14M
Anheuser-busch Inbev SA
this Q hold·40q
22MO
port0.1%
val$11M
Altria Group Inc
this Q hold·40q
23CR
port0.1%
val$10M
Crane CO
this Q hold·13q
24MKL
port0.1%
val$8M
Markel Group Inc
this Q hold·40q
25JPM
port0.1%
val$8M
Jpmorgan Chase & CO
this Q -83%·35q
26UNP
port0.1%
val$7M
Union Pacific Corp
this Q hold·40q
27DOV
port<0.1%
val$4M
Dover Corp
this Q hold·40q
28GOOGL
port<0.1%
val$4M
Alphabet Inc-cl A
this Q hold·40q
29COST
port<0.1%
val$3M
Costco Wholesale Corp
this Q -26%·40q
30ABBV
port<0.1%
val$3M
Abbvie Inc
this Q hold·40q
31WRBY
port<0.1%
val$2M
Warby Parker Inc-class A
this Q hold·6q
32VMC
port<0.1%
val$2M
Vulcan Materials CO
this Q hold·40q
33LEVI
port<0.1%
val$2M
Levi Strauss & Co- Class A
this Q hold·6q
34K03294137
port<0.1%
val$2M
Alk Abello A/s
this Q hold·3q
35MKC
port<0.1%
val$2M
Mccormick & Co-non Vtg Shrs
this Q hold·40q
36T3508H102
port<0.1%
val$2M
De'longhi
this Q hold·6q
37H49983176
port<0.1%
val$2M
Lindt & Spruengli AG - Reg
this Q hold·40q
38G8402N125
port<0.1%
val$2M
Ssp Group
this Q hold·6q
39AXP
port<0.1%
val$2M
American Express CO
this Q -21%·40q
40K3008M105
port<0.1%
val$2M
Demant A/s
this Q hold·6q
41F58149133
port<0.1%
val$2M
Loreal SA
this Q hold·40q
42D2617N114
port<0.1%
val$2M
Fielmann
this Q hold·6q
43X4550J108
port<0.1%
val$2M
Konecranes
this Q hold·6q
44D6349P107
port<0.1%
val$2M
Rational AG
this Q hold·6q
45E52619108
port<0.1%
val$2M
Fluidra
this Q hold·6q
46B5783H102
port<0.1%
val$2M
Lotus Bakeries
this Q hold·6q
47MSFT
port<0.1%
val$1M
Microsoft Corp
this Q hold·40q
48AAPL
port<0.1%
val$1M
Apple Inc
this Q hold·35q
49K36628137
port<0.1%
val$1M
Carlsberg B A/s
this Q hold·25q
50CREST6610
port<0.1%
val$1M
Sunbelt Rentals Holdings Ord
this Q hold·2q
51N39427211
port<0.1%
val$1M
Heineken NV
this Q hold·40q
52E8S64T107
port<0.1%
val$1M
Puig Brands
this Q hold·6q
53PEP
port<0.1%
val$1M
Pepsico Inc
this Q hold·40q
54N24565108
port<0.1%
val$1M
Davide Campari-milano NV
this Q hold·25q
55X4S8SE108
port<0.1%
val$1M
Kalmar Oyj B
this Q hold·4q
56YETI
port<0.1%
val$1M
Yeti Holdings Inc
this Q hold·6q
57H57312649
port<0.1%
val$1M
Nestle Sa-reg
this Q hold·40q
58W41422101
port<0.1%
val$1M
H&m
this Q hold·6q
59FULT
port<0.1%
val$1M
Fulton Financial Corp
this Q hold·40q
60JBTM
port<0.1%
val$1M
Jbt Marel Corp
this Q hold·6q
61ABT
port<0.1%
val$1M
Abbott Laboratories
this Q hold·40q
62W2457W116
port<0.1%
val$1M
Electrolux Professional
this Q hold·6q
63KO
port<0.1%
val$1M
Coca-cola Co/the
this Q hold·40q
64PG
port<0.1%
val$961K
Procter & Gamble Co/the
this Q -29%·40q
65WMT
port<0.1%
val$959K
Walmart Inc
this Q hold·40q
66HRI
port<0.1%
val$925K
Herc Holdings Inc
this Q hold·6q
67LAMR
port<0.1%
val$837K
Lamar Advertising Co-a
this Q hold·40q
68D98423102
port<0.1%
val$812K
Zalando SE
this Q hold·5q
69FBLA
port<0.1%
val$753K
FB Bancorp Inc
this Q hold·7q
70WFC
port<0.1%
val$616K
Wells Fargo & CO
this Q hold·40q
71SWZ
port<0.1%
val$580K
Total Return Securities Fund
this Q hold·24q
72HRL
port<0.1%
val$459K
Hormel Foods Corp
this Q hold·40q
73OUT
port<0.1%
val$445K
Outfront Media Inc
this Q hold·7q
74Y5342M100
port<0.1%
val$432K
LT Group Inc
this Q hold·40q
75CVX
port<0.1%
val$409K
Chevron Corp
this Q hold·40q
76ORCL
port<0.1%
val$398K
Oracle Corp
this Q -25%·33q
77UNM
port<0.1%
val$312K
Unum Group
this Q hold·15q
78JNJ
port<0.1%
val$282K
Johnson & Johnson
this Q hold·6q
79CAT
port<0.1%
val$282K
Caterpillar Inc
this Q -41%·5q
80MCD
port<0.1%
val$256K
Mcdonald's Corp
this Q hold·40q
81DIS
port<0.1%
val$240K
Walt Disney Co/the
this Q hold·40q
82AMZN
port<0.1%
val$223K
Amazon.com Inc
this Q hold·4q
83MRK
port<0.1%
val$211K
Merck & Co. Inc.
this Q -23%·29q
84T19404101
port<0.1%
val$200K
Cofide Spa
this Q hold·16q
85Y7121Z146
port<0.1%
val$187K
Hanjaya Mandala Sampoerna
this Q hold·40q

2026Q2 moves, by size (11)(expand ↓)

Ticker	Issuer	Move	% Port.	Δ Shares	Value
L31839134	Eurofins Scientific	ADD	3.6%	+32%	$321M
JPM	Jpmorgan Chase & CO	TRIM	0.1%	-83%	$8M
XOM	Exxon Mobil Corp	EXIT	0.4%	-100%	$0
XOM	Exxonmobil Holdings Corp	NEW	0.3%	+100%	$25M
COST	Costco Wholesale Corp	TRIM	<0.1%	-26%	$3M
AXP	American Express CO	TRIM	<0.1%	-21%	$2M
PG	Procter & Gamble Co/the	TRIM	<0.1%	-29%	$961K
ORCL	Oracle Corp	TRIM	<0.1%	-25%	$398K
GNRC	Generac Holdings Inc	EXIT	<0.1%	-100%	$0
CAT	Caterpillar Inc	TRIM	<0.1%	-41%	$282K
MRK	Merck & Co. Inc.	TRIM	<0.1%	-23%	$211K

ADDL31839134
3.6%
Eurofins Scientific
Δ +32%·$321M
TRIMJPM
0.1%
Jpmorgan Chase & CO
Δ -83%·$8M
EXITXOM
0.4%
Exxon Mobil Corp
Δ -100%·$0
NEWXOM
0.3%
Exxonmobil Holdings Corp
Δ +100%·$25M
TRIMCOST
<0.1%
Costco Wholesale Corp
Δ -26%·$3M
TRIMAXP
<0.1%
American Express CO
Δ -21%·$2M
TRIMPG
<0.1%
Procter & Gamble Co/the
Δ -29%·$961K
TRIMORCL
<0.1%
Oracle Corp
Δ -25%·$398K
EXITGNRC
<0.1%
Generac Holdings Inc
Δ -100%·$0
TRIMCAT
<0.1%
Caterpillar Inc
Δ -41%·$282K
TRIMMRK
<0.1%
Merck & Co. Inc.
Δ -23%·$211K

About Thomas Russo

Thomas Russo runs Gardner Russo & Quinn, a Lancaster, Pennsylvania-based long-only equity manager overseeing roughly $8.5 billion across a relatively focused book — the top five positions account for roughly half the portfolio. His approach is often described as global value with a consumer-franchise emphasis: he has spent decades building positions in capital-light, brand-driven businesses — tobacco, payments, media — that can compound reinvestment across international markets, a quality he calls the "capacity to suffer" (willingness to accept near-term earnings drag for long-run brand-building abroad). Berkshire Hathaway, Alphabet, Mastercard, and Philip Morris International have been persistent core holdings. Because Russo runs a straightforward long-only, no-derivatives book, his 13F reflects actual economic exposure with reasonable fidelity, subject only to the standard 45-day disclosure lag. The long-run excess-return record versus SPY is modestly negative on a cloned basis, which is consistent with a manager whose edge is framed around after-tax compounding and international consumer exposure rather than index-beating domestic momentum.

2026Q2 brief

Thomas Russo's Gardner Russo & Quinn ($8.93B, 85 positions) remains one of the most static portfolios among super-investors — and that's the point. The headline this quarter is a meaningful add to Eurofins Scientific (+32% to 3.6% of portfolio), a vote of confidence in the global testing and lab services compounder that fits squarely in Russo's playbook of owning patient-capital-friendly, globally scaled businesses with pricing power. The near-total liquidation of JPM (-83% to a rounding-error 0.09%) signals a near-complete exit from U.S. financials, consistent with Russo's long-standing preference for owner-operated global consumer franchises over domestic cyclicals. The recycled XOM situation is curious — the prior XOM position (0.39%) was exited and a new one initiated at 0.28% in the same quarter, likely a tax-loss or restructuring event rather than a conviction change. Core anchors GOOG (12.1%), BRK/A+B (combined ~18%), PM (9.2%), MA (8.8%), and Compagnie Financière (8.7%) are unchanged, confirming Russo's trademark reluctance to trade. Watch whether Eurofins continues to grow toward a top-five position in Q3.

AI-generated. Not investment advice.

Filing history

Thomas Russo's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.

Disclosed portfolio value · Q3 2023 – Q2 2026now $8.93B · peak $9.81B (Q4 2023)

Quarter	Positions	Portfolio value
Q2 2026 — what changed →	85	$8.93B
Q1 2026 — what changed →	86	$8.50B
Q4 2025 — what changed →	87	$9.26B
Q3 2025 — what changed →	85	$9.33B
Q2 2025 — what changed →	85	$9.41B
Q1 2025 — what changed →	86	$8.92B
Q4 2024 holdings	68	$8.85B
Q3 2024 holdings	77	$9.74B
Q2 2024 holdings	77	$9.47B
Q1 2024 holdings	81	$9.75B
Q4 2023 holdings	82	$9.81B
Q3 2023 holdings	82	$9.17B

Values as disclosed at each quarter end. Older filings on EDGAR.

Multibaggers Thomas Russo held

Stocks up 5x or more since Thomas Russo first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.

NFLX13.9xNETFLIX INC16q straight · peak 7.72% · still holds
GOOG10.6xALPHABET INC-CL C43q straight · peak 13.32% · still holds
JPM8.1xJPMORGAN CHASE & CO34q straight · peak 4.28% · still holds
MA7.8xMASTERCARD INC - A49q straight · peak 16.24% · still holds
V7.2xVISA INC-CLASS A SHARES49q straight · peak 0.95% · still holds

Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not Thomas Russo's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →

Frequently asked questions

What stocks does Thomas Russo own?: As of 2026Q2, Thomas Russo's 13F discloses 85 positions worth $8.93B. The top five holdings: GOOG (12.1%), BRK/A (12.0%), PM (9.2%), MA (8.8%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
What did Thomas Russo buy this quarter?: In 2026Q2, the filing shows 1 new position and 1 addition to existing holdings. The largest positions touched by buying: XOM.
How big is Thomas Russo's portfolio?: $8.93B across 85 positions per the latest 13F (filed Aug 13, 2026). The top five holdings account for 51% of the disclosed book.

Similar portfolios

Christopher Bloomstran$885M

13 shared holdings · BRK/B, GOOG, BRK/A

Francois Rochon$2.97B

12 shared holdings · GOOG, BRK/A, MA

Joel Greenblatt$174.22B

11 shared holdings · GOOG, MA, BRK/B

Explore more

Highest conviction stocks Consensus stocks New positions this quarter Top holdings

Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0000860643). Not investment advice.