GARDNER RUSSO & QUINN LLC 13F: Quarter-over-Quarter Portfolio Changes
Gardner Russo & Quinn LLC reported a disclosed portfolio value of approximately $8.9 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 5.1% quarter on quarter. Over the quarter, the fund initiated 26 new positions, bought more shares in 6 holdings, trimmed 39 holdings, and exited 27 positions.
Gardner Russo & Quinn LLC's top buy was a new stake in Compagnie Financiere Richemont, equal to 8.7% of the disclosed portfolio. Its top sell was Heineken Holding (HKHHF). The fund exited the position completely after it had accounted for 7.6% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| COMPAGNIE FINANCIERE RICHEMONT | – | 8.7% | – |
| HEINEKEN HOLDING NV | – | 7.6% | – |
| PERNOD RICARD | – | 1.9% | – |
| ANHEUSER-BUSCH INBEV SA | – | 0.2% | – |
| LEVI STRAUSS & CO CL A | – | 0.0% | – |
| ALK ABELLO A/S | – | 0.0% | – |
| DE'LONGHI | – | 0.0% | – |
| LINDT & SPRUENGLI AG - REG | – | 0.0% | – |
| SSP GROUP | – | 0.0% | – |
| DEMANT A/S | – | 0.0% | – |
| LOREAL SA | – | 0.0% | – |
| FIELMANN | – | 0.0% | – |
| KONECRANES | – | 0.0% | – |
| RATIONAL AG | – | 0.0% | – |
| FLUIDRA | – | 0.0% | – |
| LOTUS BAKERIES | – | 0.0% | – |
| HEINEKEN NV | – | 0.0% | – |
| PUIG BRANDS | – | 0.0% | – |
| KALMAR OYJ B | – | 0.0% | – |
| NESTLE SA-REG | – | 0.0% | – |
| H&M | – | 0.0% | – |
| ELECTROLUX PROFESSIONAL | – | 0.0% | – |
| ZALANDO SE | – | 0.0% | – |
| LT GROUP INC | – | 0.0% | – |
| COFIDE SPA | – | 0.0% | – |
| HANJAYA MANDALA SAMPOERNA | – | 0.0% | – |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| EUROFINS SCIENTIFIC | ERFSF | +1.0% | +32.2% | History → |
| DOORDASH INC | DASH | +0.7% | +18.5% | History → |
| CARLSBERG B A/S | CABJF | +0.0% | +2.7% | Holders → |
| NETFLIX INC. | NFLX | -1.8% | +1.8% | History → |
| MICROSOFT CORP | MSFT | -0.0% | +1.1% | Holders → |
| WELLS FARGO & CO | WFC | -0.0% | +0.0% | Holders → |
Top SellsQ2 2026
Showing the top 10 sells among 39 existing positions where the fund sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| JPMORGAN CHASE & CO | JPM | -0.4% | 83.4% | Holders → |
| CATERPILLAR INC | CAT | -0.0% | 41.1% | Holders → |
| PROCTER & GAMBLE CO | PG | -0.0% | 29.0% | Holders → |
| COSTCO WHOLESALE | COST | -0.0% | 26.5% | Holders → |
| ORACLE CORP | ORCL | -0.0% | 24.6% | Holders → |
| MERCK & CO INC | MRK | -0.0% | 23.3% | Holders → |
| AMERICAN EXPRESS CO | AXP | -0.0% | 21.0% | Holders → |
| JOHNSON & JOHNSON | JNJ | -0.0% | 14.7% | Holders → |
| MARKEL GROUP INC | MKL | -0.0% | 13.9% | Holders → |
| WALMART INC | WMT | -0.0% | 13.1% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| HEINEKEN HOLDING NV | HKHHF | 7.6% |
| COMPAGNIE FINANCIERE RICHEMONT | CFRHF | 7.0% |
| PERNOD RICARD | PDRDF | 2.2% |
| ANHEUSER-BUSCH INBEV SA | BUDFF | 0.1% |
| LINDT & SPRUENGLI AG - REG | COCXF | 0.0% |
| KONECRANES | KNCRF | 0.0% |
| FIELMANN | FLMNF | 0.0% |
| SSP GROUP | SSPPF | 0.0% |
| FLUIDRA | FLUIF | 0.0% |
| RATIONAL AG | RTLLF | 0.0% |
| ALK ABELLO A/S | AKBLF | 0.0% |
| LEVI STRAUSS & CO CL A | LEVI | 0.0% |
| LOREAL SA | LRLCF | 0.0% |
| KALMAR OYJ B | KMROF | 0.0% |
| DE'LONGHI | DELHF | 0.0% |
| PUIG BRANDS | PUIGF | 0.0% |
| LOTUS BAKERIES | LTSSF | 0.0% |
| DEMANT A/S | WILLF | 0.0% |
| ELECTROLUX PROFESSIONAL | ECTXF | 0.0% |
| H&M | HMRZF | 0.0% |
| HEINEKEN NV | HINKF | 0.0% |
| NESTLE SA-REG | NSRGF | 0.0% |
| ZALANDO SE | ZLDSF | 0.0% |
| GENERAC HLDGS INC | GNRC | 0.0% |
| LT GROUP INC | LTGIF | 0.0% |
| HANJAYA MANDALA SAMPOERNA | PHJMF | 0.0% |
| COFIDE SPA | CIR | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $8.5BPrior quarter
- $8.9BCurrent quarter
- +$0.4BNet delta
- +5.1%% change
Methodology & FAQ
How GARDNER RUSSO & QUINN LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for GARDNER RUSSO & QUINN LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did GARDNER RUSSO & QUINN LLC buy in Q2 2026?
In Q2 2026, GARDNER RUSSO & QUINN LLC initiated 26 new positions (COMPAGNIE FINANCIERE RICHEMONT, HEINEKEN HOLDING NV, PERNOD RICARD, ANHEUSER-BUSCH INBEV SA, LEVI STRAUSS & CO CL A, ALK ABELLO A/S, DE'LONGHI, LINDT & SPRUENGLI AG - REG, SSP GROUP, DEMANT A/S, LOREAL SA, FIELMANN, KONECRANES, RATIONAL AG, FLUIDRA, LOTUS BAKERIES, HEINEKEN NV, PUIG BRANDS, KALMAR OYJ B, NESTLE SA-REG, H&M, ELECTROLUX PROFESSIONAL, ZALANDO SE, LT GROUP INC, COFIDE SPA, HANJAYA MANDALA SAMPOERNA); bought more shares of EUROFINS SCIENTIFIC (ERFSF), DOORDASH INC (DASH), CARLSBERG B A/S (CABJF), NETFLIX INC. (NFLX), MICROSOFT CORP (MSFT) (the largest 5 of 6 adds).
What stocks did GARDNER RUSSO & QUINN LLC sell in Q2 2026?
In Q2 2026, GARDNER RUSSO & QUINN LLC fully sold 27 positions (HEINEKEN HOLDING NV (HKHHF), COMPAGNIE FINANCIERE RICHEMONT (CFRHF), PERNOD RICARD (PDRDF), ANHEUSER-BUSCH INBEV SA (BUDFF), LINDT & SPRUENGLI AG - REG (COCXF), KONECRANES (KNCRF), FIELMANN (FLMNF), SSP GROUP (SSPPF), FLUIDRA (FLUIF), RATIONAL AG (RTLLF), ALK ABELLO A/S (AKBLF), LEVI STRAUSS & CO CL A (LEVI), LOREAL SA (LRLCF), KALMAR OYJ B (KMROF), DE'LONGHI (DELHF), PUIG BRANDS (PUIGF), LOTUS BAKERIES (LTSSF), DEMANT A/S (WILLF), ELECTROLUX PROFESSIONAL (ECTXF), H&M (HMRZF), HEINEKEN NV (HINKF), NESTLE SA-REG (NSRGF), ZALANDO SE (ZLDSF), GENERAC HLDGS INC (GNRC), LT GROUP INC (LTGIF), HANJAYA MANDALA SAMPOERNA (PHJMF), COFIDE SPA (CIR)); reduced holdings in JPMORGAN CHASE & CO (JPM), CATERPILLAR INC (CAT), PROCTER & GAMBLE CO (PG), COSTCO WHOLESALE (COST), ORACLE CORP (ORCL) (the largest 5 of 39 reductions).
Which positions did GARDNER RUSSO & QUINN LLC initiate in Q2 2026?
GARDNER RUSSO & QUINN LLC established 26 new positions in Q2 2026: COMPAGNIE FINANCIERE RICHEMONT (8.7%), HEINEKEN HOLDING NV (7.6%), PERNOD RICARD (1.9%), ANHEUSER-BUSCH INBEV SA (0.2%), LEVI STRAUSS & CO CL A (0.0%), ALK ABELLO A/S (0.0%), DE'LONGHI (0.0%), LINDT & SPRUENGLI AG - REG (0.0%), SSP GROUP (0.0%), DEMANT A/S (0.0%), LOREAL SA (0.0%), FIELMANN (0.0%), KONECRANES (0.0%), RATIONAL AG (0.0%), FLUIDRA (0.0%), LOTUS BAKERIES (0.0%), HEINEKEN NV (0.0%), PUIG BRANDS (0.0%), KALMAR OYJ B (0.0%), NESTLE SA-REG (0.0%), H&M (0.0%), ELECTROLUX PROFESSIONAL (0.0%), ZALANDO SE (0.0%), LT GROUP INC (0.0%), COFIDE SPA (0.0%), HANJAYA MANDALA SAMPOERNA (0.0%).
Which existing positions saw the largest allocation increases for GARDNER RUSSO & QUINN LLC in Q2 2026?
Of 6 existing positions with share-count increases in Q2 2026, the largest were: EUROFINS SCIENTIFIC (ERFSF, +1.0% weight, +32.2% shares), DOORDASH INC (DASH, +0.7% weight, +18.5% shares), CARLSBERG B A/S (CABJF, +0.0% weight, +2.7% shares), NETFLIX INC. (NFLX, -1.8% weight, +1.8% shares), MICROSOFT CORP (MSFT, -0.0% weight, +1.1% shares), WELLS FARGO & CO (WFC, -0.0% weight, +0.0% shares).
Which positions did GARDNER RUSSO & QUINN LLC fully exit in Q2 2026?
GARDNER RUSSO & QUINN LLC fully exited 27 positions in Q2 2026: HEINEKEN HOLDING NV (HKHHF, last-reported weight 7.6%), COMPAGNIE FINANCIERE RICHEMONT (CFRHF, last-reported weight 7.0%), PERNOD RICARD (PDRDF, last-reported weight 2.2%), ANHEUSER-BUSCH INBEV SA (BUDFF, last-reported weight 0.1%), LINDT & SPRUENGLI AG - REG (COCXF, last-reported weight 0.0%), KONECRANES (KNCRF, last-reported weight 0.0%), FIELMANN (FLMNF, last-reported weight 0.0%), SSP GROUP (SSPPF, last-reported weight 0.0%), FLUIDRA (FLUIF, last-reported weight 0.0%), RATIONAL AG (RTLLF, last-reported weight 0.0%), ALK ABELLO A/S (AKBLF, last-reported weight 0.0%), LEVI STRAUSS & CO CL A (LEVI, last-reported weight 0.0%), LOREAL SA (LRLCF, last-reported weight 0.0%), KALMAR OYJ B (KMROF, last-reported weight 0.0%), DE'LONGHI (DELHF, last-reported weight 0.0%), PUIG BRANDS (PUIGF, last-reported weight 0.0%), LOTUS BAKERIES (LTSSF, last-reported weight 0.0%), DEMANT A/S (WILLF, last-reported weight 0.0%), ELECTROLUX PROFESSIONAL (ECTXF, last-reported weight 0.0%), H&M (HMRZF, last-reported weight 0.0%), HEINEKEN NV (HINKF, last-reported weight 0.0%), NESTLE SA-REG (NSRGF, last-reported weight 0.0%), ZALANDO SE (ZLDSF, last-reported weight 0.0%), GENERAC HLDGS INC (GNRC, last-reported weight 0.0%), LT GROUP INC (LTGIF, last-reported weight 0.0%), HANJAYA MANDALA SAMPOERNA (PHJMF, last-reported weight 0.0%), COFIDE SPA (CIR, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for GARDNER RUSSO & QUINN LLC in Q2 2026?
Of 39 existing positions with share-count reductions in Q2 2026, the largest were: JPMORGAN CHASE & CO (JPM, -0.4% weight, -83.4% shares), CATERPILLAR INC (CAT, -0.0% weight, -41.1% shares), PROCTER & GAMBLE CO (PG, -0.0% weight, -29.0% shares), COSTCO WHOLESALE (COST, -0.0% weight, -26.5% shares), ORACLE CORP (ORCL, -0.0% weight, -24.6% shares), MERCK & CO INC (MRK, -0.0% weight, -23.3% shares), AMERICAN EXPRESS CO (AXP, -0.0% weight, -21.0% shares), JOHNSON & JOHNSON (JNJ, -0.0% weight, -14.7% shares), MARKEL GROUP INC (MKL, -0.0% weight, -13.9% shares), WALMART INC (WMT, -0.0% weight, -13.1% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.