Thomas Russo - Gardner Russo & Quinn
Superinvestor profile · Rank #56 by reported 13F value (2026 Q2 filers) · CIK 0000860643 · All profiles
Founded 1968Lancaster, PAGlobal value, long-only equity in concentrated brand/franchise businesses with capacity to reinvest and capacity to sufferKey person: Thomas Russo
Reported 13F value
$8.9B
Period 2026-06-30 · Filed 2026-08-13
Positions
85
Top 10 = 80.0% of value
Clone CAGR (full window)
+12.3%
2016-11-14 → 2026-10-02 · cumulative +214%
SPY CAGR (same window)
+15.5%
Cumulative +316%
Max drawdown (monthly)
-21%
Month-end values, approximate
Latest-quarter activity
1 new · 2 exited
10 increased · 42 decreased
Hypothetical clone — not this fund's returns. The performance on this page replicates only the long U.S. equity positions disclosed on this manager's Form 13F filings, rebalanced on filing dates at disclosed weights with dividend-adjusted prices. It excludes shorts, bonds, cash, non-U.S. listings, private holdings, leverage and fees. Treat it as a measure of how the disclosed stock picks performed, never as the fund's track record. Evidence: filing-by-filing dossier (PDF) · Methodology (PDF)
Clone performance
| Window | Clone CAGR | Note |
|---|---|---|
| Full window (2016-11-14 → 2026-10-02, 40 filings) | +12.27% | Cumulative +213.8% vs SPY +316.1% |
| Trailing 10Y | — | |
| Trailing 5Y | +11.08% | |
| Trailing 3Y | +15.82% | |
| Trailing 1Y | +0.60% |
Top holdings — 2026 Q2 filing
| Ticker | Company | Weight | Reported value |
|---|---|---|---|
| GOOG | Alphabet Inc Cl C | 12.07% | $1.1B |
| BRK.A | Berkshire Hathaway Inc Cl A | 12.01% | $1.1B |
| PM | Philip Morris International In | 9.18% | $820M |
| MA | Mastercard Inc Cl A | 8.76% | $782M |
| CODGF | Compagnie Financiere Richemont | 8.67% | $774M |
| Heineken Holding Nv | 7.61% | $680M | |
| NSRGY | Nestle Sa Sponsored Adr | 6.11% | $546M |
| BRK.B | Berkshire Hathaway Inc Cl B | 6.05% | $540M |
| SUNB | Sunbelt Rentals Holdings Inc | 4.94% | $441M |
| NFLX | Netflix Inc | 4.57% | $408M |
As reported on the 2026-06-30 Form 13F (filed 2026-08-13). Full holdings and quarter changes: holdings page.
Filing history in this profile
Every clone input traces to one of these SEC filings. 77.9% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.
Background (founded / HQ / style) source: https://coinweek.com/eugene-h-gardner-coin-collection-rare-us-coins-sold-heritage/ — Predecessor firm founded in Lancaster in 1968 by Eugene H. Gardner. Thomas Russo joined Gardner Investments as partner in 1989, became managing member in 2014, and founded the Semper Vic global value partnerships in 1983.