# Gardner Russo & Quinn: 13F portfolio, Q2 2026

Investment firm, Lancaster.

Source: SEC Form 13F filed 2026-08-13 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/860643/000086064326000005/0000860643-26-000005-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/gardner-russo-quinn
Updated: 2026-08-13 · Next filing due by 2026-11-14

## Summary
- Reported value: $8.9B (Q1 2026: $8.5B)
- Positions: 85 (Q1 2026: 86)
- Top 10 holdings: 80.0% of the portfolio
- This quarter: 1 new, 10 added to, 42 trimmed, 2 sold out

## What Gardner Russo & Quinn did in Q2 2026
Gardner Russo & Quinn opened a new position in ExxonMobil Holdings. It sold out of ExxonMobil Holdings and Generac Holdings. It cut Jpmorgan Chase by 83%. Alphabet is now the largest holding, at 12.1% of the portfolio.

## Biggest buys
- ExxonMobil Holdings (XOM): New
- Eurofins Scientific: +32%
- DoorDash (DASH): +18%
- De'Longhi: +9%
- ALK Abello A/S: +6%

## Biggest sells
- ExxonMobil Holdings (XOM): Sold out
- Generac Holdings (GNRC): Sold out
- Jpmorgan Chase (JPM): −83%
- Caterpillar (CAT): −41%
- Procter & Gamble (PG): −29%

## Top 15 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | Alphabet | GOOG | 12.1% | $1.1B | −9% | Q3 2024 or earlier |
| 2 | Berkshire Hathaway | BRK-A | 12.0% | $1.1B | −2% | Q3 2024 or earlier |
| 3 | Philip Morris International | PM | 9.2% | $819.7M | −2% | Q3 2024 or earlier |
| 4 | Mastercard | MA | 8.8% | $781.9M | −2% | Q3 2024 or earlier |
| 5 | Compagnie Financiere Richemont |  | 8.7% | $773.7M | −3% | Q3 2024 or earlier |
| 6 | Heineken Holding |  | 7.6% | $679.6M | −2% | Q3 2024 or earlier |
| 7 | Nestle SA Sponsored ADR |  | 6.1% | $545.8M | −3% | Q3 2024 or earlier |
| 8 | Berkshire Hathaway | BRK-B | 6.1% | $540.1M | −3% | Q3 2024 or earlier |
| 9 | Sunbelt Rentals Holdings | SUNB | 4.9% | $441.2M | −3% | Q1 2026 |
| 10 | Netflix | NFLX | 4.6% | $407.7M | +2% | Q3 2024 or earlier |
| 11 | Martin Marietta Materials | MLM | 4.6% | $406.8M | −1% | Q3 2024 or earlier |
| 12 | Uber Technologies | UBER | 4.1% | $366.9M | −2% | Q3 2024 or earlier |
| 13 | Eurofins Scientific |  | 3.6% | $320.9M | +32% | Q1 2026 |
| 14 | DoorDash | DASH | 2.5% | $218.9M | +18% | Q3 2024 or earlier |
| 15 | Pernod Ricard |  | 1.9% | $171.7M | −5% | Q3 2024 or earlier |

70 more positions and every quarter's holdings are on Valuepeg for members: https://valuepeg.com/managers/gardner-russo-quinn

## Other value investors
- Giverny Capital: https://valuepeg.com/managers/giverny-capital
- Gotham Asset Management (Joel Greenblatt): https://valuepeg.com/managers/gotham-asset-management
- Greenlight Capital: https://valuepeg.com/managers/greenlight-capital
- Himalaya Capital (Li Lu): https://valuepeg.com/managers/himalaya-capital
- Icahn (Carl Icahn): https://valuepeg.com/managers/carl-icahn

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.