GARDNER RUSSO & QUINN LLC — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, GARDNER RUSSO & QUINN LLC initiated 5 new positions, increased allocation to 10 existing positions, trimmed 10 positions, and exited 6 positions entirely. The fund's 13F equity book declined from $9.26B to $8.50B (-8.3% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $9.26BPrior quarter
- $8.50BCurrent quarter
- $-0.77BNet delta
- -8.3%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| SUNBELT RENTALS HOLDINGS INC | SUNB | 4.63% | History → |
| EUROFINS SCIENTIFIC | ERFSF | 2.63% | History → |
| LEVI STRAUSS & CO CL A | SYN_52736R102 | 0.02% | Holders → |
| SUNBELT RENTALS HOLDINGS ORD | UNKNOWN | 0.01% | Holders → |
| MERCK & CO INC | MRK | 0.00% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| KONECRANES | SYN_x4550j108 | +-0.00% | +184.55% | Holders → |
| RATIONAL AG | SYN_d6349p107 | +0.01% | +125.64% | Holders → |
| ALK ABELLO A/S | SYN_k03294137 | +0.00% | +42.86% | Holders → |
| JOHNSON & JOHNSON | JNJ | +0.00% | +33.61% | Holders → |
| FIELMANN | SYN_d2617n114 | +0.01% | +28.40% | Holders → |
| WARBY PARKER INC | WRBY | +0.00% | +23.08% | Holders → |
| FLUIDRA | SYN_e52619108 | +0.00% | +18.64% | Holders → |
| ELECTROLUX PROFESSIONAL | SYN_w2457w116 | +-0.00% | +15.00% | Holders → |
| KALMAR OYJ B | SYN_x4s8se108 | +0.00% | +12.50% | Holders → |
| NETFLIX INC | NFLX | +1.28% | +12.11% | History → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| JPMORGAN CHASE & CO | JPM | -1.32% | -71.86% | Holders → |
| CARLSBERG B A/S | CABJF | -0.02% | -57.25% | Holders → |
| AMERICAN EXPRESS CO | AXP | -0.03% | -46.67% | Holders → |
| TOTAL RETURN SECURITIES FUND | SWZ | -0.00% | -33.23% | Holders → |
| ANHEUSER-BUSCH INBEV SA | SYN_B639CJ108 | -0.04% | -30.70% | Holders → |
| PROCTER & GAMBLE CO | PG | -0.00% | -22.78% | Holders → |
| ALPHABET INC | GOOGL | -0.01% | -22.16% | Holders → |
| MARKEL GROUP, INC | MKL | -0.03% | -21.10% | Holders → |
| CATERPILLAR INC | CAT | 0.00% | -18.18% | Holders → |
| DAVIDE CAMPARI-MILANO NV | DVDCF | -0.00% | -16.56% | Holders → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ASHTEAD GROUP PLC | ASHTF | 4.51% |
| DIAGEO PLC | SYN_G42089113 | 0.03% |
| HYATT HOTELS CORP | H | 0.02% |
| LEVI STRAUSS & CO CL A | SYN_52736r102 | 0.01% |
| PNC FINL SVCS GROUP INC | PNC | 0.01% |
| INTL BUSINESS MACHINES | IBM | 0.00% |
Methodology & FAQ
How GARDNER RUSSO & QUINN LLC Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for GARDNER RUSSO & QUINN LLC against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did GARDNER RUSSO & QUINN LLC initiate in Q1 2026?
GARDNER RUSSO & QUINN LLC established 5 new positions in Q1 2026: SUNBELT RENTALS HOLDINGS INC (SUNB, 4.63%), EUROFINS SCIENTIFIC (ERFSF, 2.63%), LEVI STRAUSS & CO CL A (SYN_52736R102, 0.02%), SUNBELT RENTALS HOLDINGS ORD (UNKNOWN, 0.01%), MERCK & CO INC (MRK, 0.00%).
Which existing positions saw the largest allocation increases for GARDNER RUSSO & QUINN LLC in Q1 2026?
The largest portfolio-weight increases in existing positions were: KONECRANES (SYN_x4550j108, +-0.00% weight, +184.55% shares), RATIONAL AG (SYN_d6349p107, +0.01% weight, +125.64% shares), ALK ABELLO A/S (SYN_k03294137, +0.00% weight, +42.86% shares), JOHNSON & JOHNSON (JNJ, +0.00% weight, +33.61% shares), FIELMANN (SYN_d2617n114, +0.01% weight, +28.40% shares), WARBY PARKER INC (WRBY, +0.00% weight, +23.08% shares), FLUIDRA (SYN_e52619108, +0.00% weight, +18.64% shares), ELECTROLUX PROFESSIONAL (SYN_w2457w116, +-0.00% weight, +15.00% shares), KALMAR OYJ B (SYN_x4s8se108, +0.00% weight, +12.50% shares), NETFLIX INC (NFLX, +1.28% weight, +12.11% shares).
Which positions did GARDNER RUSSO & QUINN LLC fully exit in Q1 2026?
GARDNER RUSSO & QUINN LLC fully exited 6 positions in Q1 2026: ASHTEAD GROUP PLC (ASHTF, last-reported weight 4.51%), DIAGEO PLC (SYN_G42089113, last-reported weight 0.03%), HYATT HOTELS CORP (H, last-reported weight 0.02%), LEVI STRAUSS & CO CL A (SYN_52736r102, last-reported weight 0.01%), PNC FINL SVCS GROUP INC (PNC, last-reported weight 0.01%), INTL BUSINESS MACHINES (IBM, last-reported weight 0.00%).
Which existing positions saw the largest allocation reductions for GARDNER RUSSO & QUINN LLC in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: JPMORGAN CHASE & CO (JPM, -1.32% weight, -71.86% shares), CARLSBERG B A/S (CABJF, -0.02% weight, -57.25% shares), AMERICAN EXPRESS CO (AXP, -0.03% weight, -46.67% shares), TOTAL RETURN SECURITIES FUND (SWZ, -0.00% weight, -33.23% shares), ANHEUSER-BUSCH INBEV SA (SYN_B639CJ108, -0.04% weight, -30.70% shares), PROCTER & GAMBLE CO (PG, -0.00% weight, -22.78% shares), ALPHABET INC (GOOGL, -0.01% weight, -22.16% shares), MARKEL GROUP, INC (MKL, -0.03% weight, -21.10% shares), CATERPILLAR INC (CAT, 0.00% weight, -18.18% shares), DAVIDE CAMPARI-MILANO NV (DVDCF, -0.00% weight, -16.56% 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.