$9.17 Billion is the total value of Gardner Russo & Gardner's 82 reported holdings in Q3 2023. The portfolio turnover from Q2 2023 to Q3 2023 was 3.6% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| BRKA | Sell | Berkshire Hathaway Inc Cl A | $1,319,125,914 | +0.7% | 2,482 | -1.9% | 14.38% | +11.1% |
| GOOG | Sell | Alphabet Inc Cl C | $1,067,183,616 | +7.3% | 8,093,922 | -1.5% | 11.64% | +18.4% |
| MA | Sell | Mastercard Inc Cl A | $943,441,332 | -0.8% | 2,382,969 | -1.4% | 10.29% | +9.5% |
| NSRGY | Sell | Nestle SA Sponsored ADR | $889,463,206 | -7.8% | 7,859,532 | -2.0% | 9.70% | +1.7% |
| Sell | Compagnie Financiere Richemont | $618,044,600 | -29.2% | 5,048,100 | -1.9% | 6.74% | -21.8% | |
| Sell | Heineken Holding NV | $597,886,891 | -13.9% | 7,909,106 | -1.1% | 6.52% | -5.0% | |
| PM | Sell | Philip Morris International In | $577,727,289 | -6.3% | 6,240,303 | -1.2% | 6.30% | +3.4% |
| BRKB | Sell | Berkshire Hathaway Inc Cl B | $566,837,945 | +2.3% | 1,618,150 | -0.5% | 6.18% | +12.9% |
| Sell | Pernod Ricard | $471,938,910 | -25.3% | 2,823,890 | -1.3% | 5.14% | -17.6% | |
| NFLX | Sell | Netflix Inc | $438,572,960 | -15.3% | 1,161,475 | -1.2% | 4.78% | -6.5% |
| MLM | Sell | Martin Marietta Materials | $393,553,088 | -12.4% | 958,763 | -1.5% | 4.29% | -3.4% |
| Sell | Ashtead Group PLC | $326,128,441 | -12.2% | 5,341,822 | -0.4% | 3.56% | -3.1% | |
| JPM | Sell | J.P. Morgan Chase | $304,313,643 | -1.0% | 2,098,425 | -0.7% | 3.32% | +9.3% |
| CMCSA | Sell | Comcast Corp New Cl A | $156,434,559 | +4.2% | 3,528,069 | -2.4% | 1.71% | +15.0% |
| BFA | Sell | Brown-Forman Corp Cl A | $136,872,231 | -16.2% | 2,355,804 | -1.9% | 1.49% | -7.6% |
| V | Sell | Visa Inc Cl A | $76,211,743 | -3.9% | 331,341 | -0.8% | 0.83% | +6.0% |
| BFB | Sell | Brown-Forman Corp Cl B | $55,408,247 | -14.2% | 960,448 | -0.7% | 0.60% | -5.3% |
| Sell | Anheuser-Busch InBev SA | $30,092,608 | -4.1% | 541,283 | -2.5% | 0.33% | +5.8% | |
| WFC | Sell | Wells Fargo | $29,679,611 | -5.0% | 726,373 | -0.8% | 0.32% | +4.9% |
| XOM | Sell | Exxon Mobil Corp | $20,950,349 | +9.5% | 178,180 | -0.1% | 0.23% | +20.6% |
| CABO | Sell | Cable One Inc | $15,187,920 | -73.3% | 24,670 | -71.5% | 0.17% | -70.4% |
| MKL | Buy | Markel Corp | $14,708,703 | +7.2% | 9,989 | +0.7% | 0.16% | +17.6% |
| MO | Buy | Altria Group Inc | $13,889,065 | -6.3% | 330,299 | +0.9% | 0.15% | +2.7% |
| VMC | Sell | Vulcan Materials | $10,727,868 | -11.2% | 53,103 | -0.9% | 0.12% | -1.7% |
| Sell | Davide Campari-Milano NV | $9,520,624 | -15.0% | 805,403 | -0.5% | 0.10% | -6.3% | |
| Sell | Crane Company | $6,234,880 | -0.5% | 70,181 | -0.2% | 0.07% | +9.7% | |
| PG | Sell | Procter & Gamble | $5,350,728 | -4.0% | 36,684 | -0.1% | 0.06% | +5.5% |
| UL | Sell | Unilever PLC ADR | $4,904,630 | -96.6% | 99,284 | -96.4% | 0.05% | -96.3% |
| Nestle SA-REG | $4,521,331 | -5.7% | 39,870 | 0.0% | 0.05% | +4.3% | ||
| UNP | Buy | Union Pac Corp | $4,431,563 | -0.2% | 21,763 | +0.3% | 0.05% | +9.1% |
| HRL | Sell | Hormel Foods Corp | $4,416,424 | -8.2% | 116,130 | -2.9% | 0.05% | +2.1% |
| AXP | Sell | American Express | $4,203,577 | -28.8% | 28,176 | -16.9% | 0.05% | -20.7% |
| DOV | Sell | Dover Corp | $3,971,431 | -5.9% | 28,467 | -0.4% | 0.04% | +2.4% |
| Sell | Carlsberg B A/S | $3,692,567 | -21.0% | 29,176 | -0.2% | 0.04% | -13.0% | |
| Loreal SA | $3,511,911 | -10.7% | 8,436 | 0.0% | 0.04% | -2.6% | ||
| MKC | Sell | McCormick Inc | $3,400,018 | -13.4% | 44,950 | -0.1% | 0.04% | -5.1% |
| GOOGL | Buy | Alphabet Inc Cl A | $2,922,104 | +13.9% | 22,330 | +4.2% | 0.03% | +28.0% |
| COST | Sell | Costco Whsl Corp | $2,905,491 | +3.2% | 5,143 | -1.6% | 0.03% | +14.3% |
| PEP | Sell | Pepsico Inc | $2,380,298 | -8.6% | 14,048 | -0.1% | 0.03% | 0.0% |
| Heineken NV | $2,248,050 | -14.0% | 25,441 | 0.0% | 0.02% | -3.8% | ||
| Lindt & Spruengli AG - Reg | $2,085,265 | -11.5% | 19 | 0.0% | 0.02% | 0.0% | ||
| SWZ | Buy | Swiss Helvetia FD Inc | $2,034,175 | -5.6% | 266,253 | +1.6% | 0.02% | +4.8% |
| ABBV | Sell | AbbVie Inc | $1,875,622 | +10.6% | 12,583 | -0.1% | 0.02% | +17.6% |
| FULT | Buy | Fulton Finl Corp | $1,452,050 | +21.9% | 119,905 | +20.0% | 0.02% | +33.3% |
| PNC | PNC Bank Corp | $1,383,372 | -2.5% | 11,268 | 0.0% | 0.02% | +7.1% | |
| AAPL | Buy | Apple Inc | $1,396,218 | -4.8% | 8,155 | +7.8% | 0.02% | +7.1% |
| DD | Buy | Dupont De Nemours Inc | $1,350,587 | +4.9% | 18,107 | +0.4% | 0.02% | +15.4% |
| FMX | Sell | Fomento Economico Mex Sponsore | $1,290,153 | -12.0% | 11,820 | -10.6% | 0.01% | 0.0% |
| KO | Sell | Coca-Cola | $1,120,048 | -7.7% | 20,008 | -0.7% | 0.01% | 0.0% |
| DOW | Buy | Dow Inc | $1,065,553 | -1.9% | 20,666 | +1.3% | 0.01% | +9.1% |
| ABT | Abbott Labs | $1,124,429 | -11.2% | 11,610 | 0.0% | 0.01% | -7.7% | |
| OUT | Sell | Outfront Media Inc | $946,057 | -38.5% | 93,669 | -4.3% | 0.01% | -33.3% |
| CVX | Buy | Chevron Corp | $798,166 | +7.5% | 4,734 | +0.3% | 0.01% | +28.6% |
| CFRUY | Buy | Compagnie Financiere Richemont | $763,321 | -26.8% | 62,347 | +1.3% | 0.01% | -20.0% |
| GHC | Sell | Graham Holdings Co | $677,045 | +1.3% | 1,161 | -0.7% | 0.01% | 0.0% |
| MSFT | Sell | Microsoft Corp | $673,179 | -11.5% | 2,132 | -4.5% | 0.01% | -12.5% |
| HKHHY | Heineken Holding NV ADR | $604,758 | -13.0% | 16,000 | 0.0% | 0.01% | 0.0% | |
| LAMR | Sell | Lamar Advertising Co-A | $548,815 | -20.6% | 6,575 | -5.5% | 0.01% | -14.3% |
| MCD | Sell | McDonalds Corp | $508,966 | -14.1% | 1,932 | -2.7% | 0.01% | 0.0% |
| Buy | Pernod-Ricard SA Unsponsored A | $586,403 | -24.3% | 17,544 | +0.1% | 0.01% | -25.0% | |
| PXD | Pioneer Nat Res | $550,920 | +10.8% | 2,400 | 0.0% | 0.01% | +20.0% | |
| WMT | Wal Mart Stores Inc | $552,558 | +1.7% | 3,455 | 0.0% | 0.01% | +20.0% | |
| Diageo PLC | $512,553 | -13.8% | 13,841 | 0.0% | 0.01% | 0.0% | ||
| CTVA | Buy | Corteva Inc | $445,256 | -10.4% | 8,703 | +0.3% | 0.01% | 0.0% |
| Reckitt Benckiser Group PLC | $385,770 | -5.9% | 5,455 | 0.0% | 0.00% | 0.0% | ||
| ORCL | Buy | Oracle Corp | $383,219 | -10.7% | 3,618 | +0.4% | 0.00% | 0.0% |
| LVMH Moet Hennessy Louis Vuitt | $337,527 | -19.4% | 445 | 0.0% | 0.00% | 0.0% | ||
| DIS | Sell | Disney Walt Productions | $354,201 | -10.5% | 4,370 | -1.5% | 0.00% | 0.0% |
| MRK | Sell | Merck Inc | $395,547 | -13.4% | 3,842 | -3.0% | 0.00% | -20.0% |
| ASHTY | Ashtead Group PLC ADR | $305,993 | -11.8% | 1,253 | 0.0% | 0.00% | 0.0% | |
| BP | Sell | BP PLC ADR | $262,540 | +9.3% | 6,780 | -0.4% | 0.00% | +50.0% |
| MDLZ | Mondelez International Inc | $306,123 | -4.9% | 4,411 | 0.0% | 0.00% | 0.0% | |
| TFC | Buy | Truist Financial Corp | $320,051 | -4.8% | 11,187 | +0.9% | 0.00% | 0.0% |
| Hanjaya Mandala Sampoerna | $279,845 | -11.2% | 5,000,000 | 0.0% | 0.00% | 0.0% | ||
| DHR | Danaher Corp | $268,692 | +3.4% | 1,083 | 0.0% | 0.00% | 0.0% | |
| LT Group Inc | $282,364 | -7.7% | 1,775,000 | 0.0% | 0.00% | 0.0% | ||
| DANOY | Sell | Danone ADR | $163,302 | -19.5% | 14,757 | -10.9% | 0.00% | 0.0% |
| JC Decaux SA ACT | $178,092 | -14.9% | 10,500 | 0.0% | 0.00% | 0.0% | ||
| HEINY | Buy | Heineken NV Sponsored ADR | $202,131 | -13.8% | 4,575 | +0.2% | 0.00% | 0.0% |
| DVCMY | Davide Campari-Milano ADR | $161,355 | -14.6% | 13,650 | 0.0% | 0.00% | 0.0% | |
| BURCA | New | Burnham Hldgs Inc Cl A | $122,100 | – | 10,000 | +100.0% | 0.00% | – |
| Cir SPA | $107,468 | +3.6% | 251,250 | 0.0% | 0.00% | 0.0% | ||
| LVMUY | Exit | LVMH Moet Hennessy Louis Vuitt | $0 | – | -1,124 | -100.0% | -0.00% | – |
| Exit | Unilever PLC | $0 | – | -44,000 | -100.0% | -0.02% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2023-11-14
About Gardner Russo & Gardner
Gardner Russo & Gardner is a well-known investment management firm that has been in operation for over 50 years. The company was founded by Thomas Russo and Eugene Gardner in 1965 and has since grown to become a leading investment firm with over $15 billion in assets under management.
The firm is known for its long-term investment approach, which focuses on investing in high-quality companies with strong competitive advantages and sustainable business models. This approach has helped the firm to consistently outperform the market over the long term.
One of the key figures at Gardner Russo & Gardner is Thomas Russo, who is the Managing Member of the firm. Russo is a highly respected investor who has been recognized for his investment expertise by publications such as Barron's and Forbes. He is known for his focus on investing in consumer goods companies and has been a long-time investor in companies such as Nestle and Berkshire Hathaway.
Another important figure at the firm is Robert Gardiner, who is the Chief Investment Officer. Gardiner has been with the firm for over 30 years and is responsible for overseeing the firm's investment strategy and portfolio management.
Overall, Gardner Russo & Gardner is a well-respected investment management firm with a long track record of success. Its focus on investing in high-quality companies with sustainable business models has helped it to consistently outperform the market over the long term.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| Nestle SA Sponsored ADR | 42 | Q3 2023 | 12.9% |
| Berkshire Hathaway Inc Cl A | 42 | Q3 2023 | 14.4% |
| Mastercard Inc Cl A | 42 | Q3 2023 | 16.2% |
| Philip Morris International In | 42 | Q3 2023 | 9.3% |
| Heineken Holding NV | 42 | Q3 2023 | 7.8% |
| Pernod Ricard | 42 | Q3 2023 | 7.7% |
| Wells Fargo | 42 | Q3 2023 | 7.3% |
| Berkshire Hathaway Inc Cl B | 42 | Q3 2023 | 6.2% |
| Martin Marietta Materials | 42 | Q3 2023 | 4.6% |
| Brown-Forman Corp Cl A | 42 | Q3 2023 | 2.7% |
View Gardner Russo & Gardner's complete holdings history.
Latest filings
| Type | Filed |
|---|---|
| 13F-HR | 2024-02-13 |
| 13F-HR | 2023-11-14 |
| 13F-HR | 2023-08-11 |
| 13F-HR | 2023-05-11 |
| 13F-HR | 2023-02-13 |
| 13F-HR | 2022-11-10 |
| 13F-HR | 2022-08-04 |
| 13F-HR | 2022-05-12 |
| 13F-HR | 2022-02-10 |
| 13F-HR | 2021-11-15 |
View Gardner Russo & Gardner's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.