GARDNER RUSSO & QUINN LLC
Q3 2021 Form 13-F

LANCASTER, PENNSYLVANIA
CIK 0000860643 · CRD 106114 · SEC-registered investment adviser
Holdings reported by CARY STREET PARTNERS INVESTMENT ADVISORY LLC since Q4 2024 , Select Asset Management & Trust since Q4 2013
$10.8B Reported Value Total

GARDNER RUSSO & QUINN LLC reports 1,681 total accounts under management (AUM). There are 1,681 discretionary accounts valued at $11,850,957,374, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary Manager
Private funds (Form ADV)
3 funds · $2.3B gross asset value
Other: $2.3B
Source: Form ADV filed 2026-03-31
Reported value
$10.8B
Quarter over quarter
-5.0%
Holdings
87
Top-10 concentration
76.3%

Filing Structure

Reports holdings for

Holdings reported by

  • PRW Wealth Management LLC · Q1 2020 – Q4 2020 · declared by one filing
  • Berman Capital Advisors LLC (not a 13F filer in our records) · Q1 2018 – Q3 2018 · declared by one filing

Key People

Form ADV owners & control persons
Thomas Adrian Russo
MANAGING MEMBER/CHAIRMAN
Timothy Charles Quinn
MEMBER/PORTFOLIO MANAGER
Christopher Russo
MEMBER/ASSISTANT PORTFOLIO MANAGER
Q2 2021
Q4 2021
Go to latest

Coverage begins with the second quarter of 2013. Earlier quarters are not shown while their accuracy is being verified.

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Q3 2021 13F filing summary

Period of report September 30, 2021
Filed November 15, 2021
Form 13F-HR
Reported value $10.8B
Positions 87
Change in reported value -8.3%
New positions 1
Exited positions 2
Position turnover 3.4%
Top-10 concentration 76.3%

13F filings by quarter

Quarter Positions Value
Q2 2026 13F
Filed Aug 13, 2026
 85 $8.9B
Q1 2026 13F
Filed May 13, 2026
 86 $8.5B
Q4 2025 13F
Filed Feb 12, 2026
 87 $9.3B
Q3 2025 13F
Filed Nov 12, 2025
 85 $9.3B
Q2 2025 13F
Filed Aug 13, 2025
 85 $9.4B
Q1 2025 13F
Filed May 13, 2025
 86 $8.9B
Q4 2024 13F
Filed Feb 12, 2025
 68 $8.8B
Q3 2024 13F
Filed Nov 13, 2024
 77 $9.7B
Q2 2024 13F
Filed Aug 13, 2024
 77 $9.5B
Q1 2024 13F
Filed May 14, 2024
 81 $9.7B
Q4 2023 13F
Filed Feb 13, 2024
 82 $9.8B
Q3 2023 13F
Filed Nov 14, 2023
 82 $9.2B
Q2 2023 13F
Filed Aug 11, 2023
 83 $10.1B
Q1 2023 13F
Filed May 11, 2023
 84 $9.6B
Q4 2022 13F
Filed Feb 13, 2023
 83 $9.1B
Q3 2022 13F
Filed Nov 10, 2022
 83 $8.3B
Q2 2022 13F
Filed Aug 4, 2022
 85 $8.9B
Q1 2022 13F
Filed May 12, 2022
 84 $10.4B
Q4 2021 13F
Filed Feb 10, 2022
 88 $11.2B
Q3 2021 13F
Filed Nov 15, 2021
 87 $10.8B

33 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q3 2021

# Holding Reported value % of portfolio
1 BRK-A Berkshire Hathaway Inc Cl A $1.3B 11.54%
2 NSRGY Nestle SA-Spons ADR $1.1B 10.54%
3 MA Mastercard Inc Cl A $1.1B 10.11%
4 GOOG Alphabet Inc Cl C $1.0B 9.43%
5 F72027109 Pernod Ricard $728.6M 6.72%
6 PM Philip Morris International In $712.2M 6.56%
7 H25662182 Compagnie Financiere Richemont $651.6M 6.01%
8 N39338194 Heineken Holding NV $638.4M 5.88%
9 BRK-B Berkshire Hathaway Inc Cl B $518.6M 4.78%
10 UL Unilever PLC ADR $510.5M 4.71%
11 JPM J.P. Morgan Chase $411.7M 3.8%
12 MLM Martin Marietta Materials $407.4M 3.76%
13 B639CJ108 Anheuser-Busch InBev SA $291.0M 2.68%
14 CMCSA Comcast Corp New Cl A $290.3M 2.68%
15 BABA Alibaba Group Hldg Ltd Spons A $236.2M 2.18%
16 G05320109 Ashtead Group PLC $189.2M 1.74%
17 BF-A Brown-Forman Corp Cl A $179.8M 1.66%
18 CABO Cable One Inc $159.1M 1.47%
19 V Visa Inc Cl A $89.7M 0.83%
20 BFB Brown-Forman Corp Cl B $75.9M 0.7%

Values as reported on the Q3 2021 Form 13F. Every position is in the holdings table below.

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