Gardner Russo & Quinn 13F, Q1 2025
Thomas Russo · quarter ending 31 March 2025 · filed 13 May 2025 · SEC CIK 860643
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 86 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| Berkshire Hathaway Inc Cl A | BRK/A | $1.32B | 14.8% | -11% shares |
| Mastercard Inc Cl A | MA | $940.78M | 10.6% | -9% shares |
| Alphabet Inc Cl C | GOOG | $797.80M | 8.9% | -9% shares |
| Philip Morris International In | PM | $796.29M | 8.9% | -3% shares |
| Compagnie Financiere Richemont | $654.96M | 7.3% | -10% shares | |
| Berkshire Hathaway Inc Cl B | BRK/B | $628.77M | 7.0% | -8% shares |
| Nestle SA Sponsored ADR | NSRGY | $621.56M | 7.0% | -3% shares |
| Heineken Holding NV | $588.23M | 6.6% | +4% shares | |
| Netflix Inc | NFLX | $520.74M | 5.8% | -12% shares |
| Martin Marietta Materials | MLM | $341.51M | 3.8% | unchanged |
| Uber Technologies Inc | UBER | $322.89M | 3.6% | +7% shares |
| Ashtead Group PLC | $295.10M | 3.3% | +17% shares | |
| Pernod Ricard | $284.13M | 3.2% | -5% shares | |
| J.P. Morgan Chase | JPM | $255.93M | 2.9% | -17% shares |
| Doordash Inc Cl A | DASH | $145.06M | 1.6% | +18% shares |
| Comcast Corp New Cl A | CMCSA | $96.56M | 1.1% | -6% shares |
| Brown-Forman Corp Cl A | BF/A | $62.62M | 0.7% | -7% shares |
| Visa Inc Cl A | V | $45.81M | 0.5% | -36% shares |
| Brown-Forman Corp Cl B | BF/B | $27.86M | 0.3% | -2% shares |
| Exxon Mobil Corp | XOM | $22.53M | 0.3% | unchanged |
| Anheuser-Busch InBev SA | $20.82M | 0.2% | -10% shares | |
| Markel Corp | MKL | $15.47M | 0.2% | -4% shares |
| Altria Group Inc | MO | $14.80M | 0.2% | -9% shares |
| Crane Company | CR | $9.24M | 0.1% | unchanged |
| Union Pac Corp | UNP | $5.81M | 0.1% | unchanged |
What changed since Q4 2024
Against the Q4 2024 filing, Gardner Russo & Quinn opened 20 new positions, added to 5, trimmed 39, left 22 unchanged and exited 2. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- Konecranes$1.50M
- H$1.43M
- Demant A/S$1.35M
- Herc Holdings Inc$1.27M
- Fluidra$1.18M
- De'Longhi$1.16M
- Puig Brands$1.16M
- H&M$1.16M
and 12 more
Exited
- MDLZwas $262.8K
- Compagnie Financiere Richemontwas $184.7K
Added to
Other quarters
Source: SEC Form 13F-HR, accession 0000860643-25-000003, filed by GARDNER RUSSO & QUINN LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.