- Gardner Russo & Quinn’s 13F portfolio value decreased from $9.74B to $8.85B.
- Russo increased Uber Technologies this quarter while decreasing Netflix, JP Morgan Chase, and Visa.
- The top three 13F stakes are Berkshire Hathaway (BRK.A), Alphabet (GOOG), and MasterCard (MA). They add up to ~44% of the portfolio.
This article is part of a series that provides an ongoing
analysis of the changes made to Gardner Russo & Quinn’s 13F stock portfolio
on a quarterly basis. It is based on Russo’s regulatory 13F Form filed on
2/12/2025. Please visit our Tracking
Gardner Russo & Quinn Portfolio series to get an idea of their
investment philosophy and our last
update for their moves during Q3 2024.
This quarter, Gardner Russo & Quinn’s 13F stock
portfolio value decreased from $9.74B to $8.85B. The top three holdings are at
~44% of the portfolio while the top five are at ~58% of the assets: Berkshire
Hathaway, Alphabet, MasterCard, Compagnie Financière Richemont, and Philip
Morris International. Recent 13F reports have shown around 100 positions with
19 stakes that are significantly large. The focus of this article is on the
larger positions.
Note: Russo’s portfolio on its own should not be viewed as
an overall asset allocation plan as his clients look at his firm to allocate a
portion of their assets to his focus area (global equities with consumer
orientation).
To learn about individual investing, check out the classics The Intelligent Investor and Security Analysis.
The spreadsheet below highlights changes to Gardner Russo
& Quinn’s 13F stock holdings in Q4 2024:
Source: John Vincent. Data constructed from Gardner Russo
& Quinn’s 13F filings for Q3 2024 and Q4 2024.
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