Thomas Russo
ValueGardner Russo & Quinn
Global value investor focused on companies with the capacity to reinvest.
Portfolio Value
$9.3B
Holdings
87
Top 10 Concentration
80.9%
Latest Period
Q4 2025
Portfolio Holdings
As reported on February 12, 2026 · vs Q3 2025
| # | Security | Value | Shares | % Portfolio | Change |
|---|---|---|---|---|---|
| 1 | Alphabet Inc Cl C CUSIP: 02079K107 | $1.2B | 3,931,197 | 13.3% | -15.5% |
| 2 | Berkshire Hathaway Inc Cl A CUSIP: 084670108 | $1.1B | 1,488 | 12.1% | -3.4% |
| 3 | Mastercard Inc Cl A CUSIP: 57636Q104 | $905.4M | 1,585,999 | 9.8% | -2.1% |
| 4 | Compagnie Financiere Richemont CUSIP: H25662182 | $760.5M | 3,502,105 | 8.2% | -2.8% |
| 5 | Philip Morris International In CUSIP: 718172109 | $753.5M | 4,697,508 | 8.1% | +0.8% |
| 6 | Heineken Holding NV CUSIP: N39338194 | $674.2M | 9,200,276 | 7.3% | -0.9% |
| 7 | Berkshire Hathaway Inc Cl B CUSIP: 084670702 | $565.7M | 1,125,395 | 6.1% | -3.1% |
| 8 | Nestle SA Sponsored ADR CUSIP: 641069406 | $554.9M | 5,617,162 | 6.0% | -2.8% |
| 9 | Netflix Inc CUSIP: 64110L106 | $469.2M | 5,004,765 | 5.1% | +872.9% |
| 10 | Martin Marietta Materials CUSIP: 573284106 | $452.4M | 726,612 | 4.9% | +5.7% |
| 11 | Uber Technologies Inc CUSIP: 90353T100 | $420.4M | 5,145,060 | 4.5% | +9.2% |
| 12 | Ashtead Group PLC CUSIP: G05320109 | $418.1M | 6,111,758 | 4.5% | +9.6% |
| 13 | Pernod Ricard CUSIP: F72027109 | $219.3M | 2,553,880 | 2.4% | -5.4% |
| 14 | Doordash Inc Cl A CUSIP: 25809K105 | $210.7M | 930,467 | 2.3% | +0.4% |
| 15 | J.P. Morgan Chase CUSIP: 46625H100 | $170.4M | 528,817 | 1.8% | -3.0% |
| 16 | Comcast Corp New Cl A CUSIP: 20030N101 | $68.8M | 2,300,197 | 0.7% | -5.9% |
| 17 | Brown-Forman Corp Cl A CUSIP: 115637100 | $43.9M | 1,668,094 | 0.5% | -2.9% |
| 18 | Visa Inc Cl A CUSIP: 92826C839 | $38.2M | 108,818 | 0.4% | -11.0% |
| 19 | Exxon Mobil Corp CUSIP: 30231G102 | $23.2M | 193,033 | 0.3% | +0.7% |
| 20 | Brown-Forman Corp Cl B CUSIP: 115637209 | $18.5M | 708,179 | 0.2% | -7.5% |
| 21 | Anheuser-Busch InBev SA CUSIP: B639CJ108 | $17.1M | 265,525 | 0.2% | -5.9% |
| 22 | Markel Corp CUSIP: 570535104 | $13.5M | 6,279 | 0.1% | -18.0% |
| 23 | Crane Company CUSIP: 224408104 | $10.0M | 54,401 | 0.1% | -3.7% |
| 24 | Altria Group Inc CUSIP: 02209S103 | $9.5M | 164,772 | 0.1% | -0.6% |
| 25 | Union Pac Corp CUSIP: 907818108 | $5.8M | 24,984 | 0.1% | +0.6% |
| 26 | Alphabet Inc Cl A CUSIP: 02079K305 | $4.7M | 14,916 | 0.1% | -3.7% |
| 27 | American Express CUSIP: 025816109 | $4.5M | 12,160 | 0.0% | -10.8% |
| 28 | Costco Whsl Corp CUSIP: 22160K105 | $4.0M | 4,624 | 0.0% | 0.0% |
| 29 | Dover Corp CUSIP: 260003108 | $3.8M | 19,526 | 0.0% | -0.1% |
| 30 | Carlsberg B A/S CUSIP: K36628137 | $3.0M | 23,091 | 0.0% | +91.5% |
| 31 | AbbVie Inc CUSIP: 00287Y109 | $2.8M | 12,410 | 0.0% | 0.0% |
| 32 | Diageo PLC NEWCUSIP: G42089113 | $2.8M | 129,805 | 0.0% | NEW |
| 33 | McCormick Inc CUSIP: 579780206 | $2.8M | 40,666 | 0.0% | -2.2% |
| 34 | Vulcan Materials CUSIP: 929160109 | $2.3M | 7,912 | 0.0% | -20.1% |
| 35 | Lindt & Spruengli AG - Reg CUSIP: H49983176 | $2.2M | 15 | 0.0% | 0.0% |
| 36 | Konecranes CUSIP: x4550j108 | $2.0M | 18,450 | 0.0% | 0.0% |
| 37 | SSP Group CUSIP: g8402n125 | $1.8M | 660,000 | 0.0% | 0.0% |
| 38 | Microsoft Corp CUSIP: 594918104 | $1.8M | 3,705 | 0.0% | +5.7% |
| 39 | Procter & Gamble CUSIP: 742718109 | $1.7M | 11,951 | 0.0% | +9.4% |
| 40 | Fluidra CUSIP: e52619108 | $1.6M | 59,000 | 0.0% | +11.3% |
| 41 | Loreal SA CUSIP: F58149133 | $1.6M | 3,705 | 0.0% | -8.5% |
| 42 | Davide Campari-Milano NV CUSIP: N24565108 | $1.6M | 242,103 | 0.0% | +15.1% |
| 43 | De'Longhi CUSIP: t3508h102 | $1.5M | 35,250 | 0.0% | 0.0% |
| 44 | Abbott Labs CUSIP: 002824100 | $1.4M | 11,510 | 0.0% | 0.0% |
| 45 | Warby Parker Inc Cl A CUSIP: 93403j106 | $1.4M | 65,000 | 0.0% | +6.6% |
| 46 | Electrolux Professional CUSIP: w2457w116 | $1.4M | 200,000 | 0.0% | 0.0% |
| 47 | Pepsico Inc CUSIP: 713448108 | $1.4M | 9,794 | 0.0% | -10.6% |
| 48 | Hyatt Hotels Corp Cl A CUSIP: 448579102 | $1.4M | 8,675 | 0.0% | 0.0% |
| 49 | Demant A/S CUSIP: k3008m105 | $1.4M | 41,000 | 0.0% | 0.0% |
| 50 | Fielmann CUSIP: d2617n114 | $1.3M | 25,700 | 0.0% | +2.8% |