GARDNER RUSSO & QUINN LLC
Q3 2025 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
$9.3B Reported Value Total

GARDNER RUSSO & QUINN LLC reports 1,346 total accounts under management (AUM). There are 1,346 discretionary accounts valued at $9,448,623,297, 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
$9.3B
Quarter over quarter
+2.9%
Holdings
85
Top-10 concentration
80.3%

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 2025
Q4 2025
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 2025 13F filing summary

Period of report September 30, 2025
Filed November 12, 2025
Form 13F-HR
Reported value $9.3B
Positions 85
Change in reported value -0.9%
New positions 2
Exited positions 2
Position turnover 4.6%
Top-10 concentration 80.3%

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 2025

# Holding Reported value % of portfolio
1 BRK-A Berkshire Hathaway Inc Cl A $1.2B 12.46%
2 GOOG Alphabet Inc Cl C $1.1B 12.14%
3 MA Mastercard Inc Cl A $921.6M 9.88%
4 PM Philip Morris International In $756.2M 8.11%
5 H25662182 Compagnie Financiere Richemont $686.7M 7.36%
6 N39338194 Heineken Holding NV $636.7M 6.83%
7 NFLX Netflix Inc $616.8M 6.61%
8 BRK-B Berkshire Hathaway Inc Cl B $583.9M 6.26%
9 NSRGY Nestle SA Sponsored ADR $530.3M 5.69%
10 UBER Uber Technologies Inc $461.5M 4.95%
11 MLM Martin Marietta Materials $433.3M 4.65%
12 G05320109 Ashtead Group PLC $372.8M 4.0%
13 F72027109 Pernod Ricard $265.1M 2.84%
14 DASH Doordash Inc Cl A $252.0M 2.7%
15 JPM J.P. Morgan Chase $171.9M 1.84%
16 CMCSA Comcast Corp New Cl A $76.8M 0.82%
17 BF-A Brown-Forman Corp Cl A $46.2M 0.5%
18 V Visa Inc Cl A $41.7M 0.45%
19 XOM Exxon Mobil Corp $21.6M 0.23%
20 BFB Brown-Forman Corp Cl B $20.7M 0.22%

Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.

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