Hedge Fund - Gardner Russo & Gardner

Thomas Russo Bio, Returns, AUM, Net Worth

Gardner Russo & Gardner Inc. is an investment firm highly esteemed among affluent clients for its prudent, long-term investment philosophy. Based in Lancaster, the firm manages around $12.35 billion in regulatory assets across 2,196 client accounts. Registered with the SEC since 2014, the firm operates in multiple states including Alabama, Alaska, Arizona, and 45 others.

Thomas Russo joined Gardner Investments as a partner in 1989 and became a Managing Member in 2014. He oversees Gardner Russo & Quinn LLC and Semper Vic Partners GP, LP, managing over $8 billion in global value investments. Russo focuses on leading companies capable of expanding market share in growing economies with rising consumer income. He prefers firms with strong cash flows to support long-term growth investments, emphasizing management's resilience in enduring short-term profit pressures. Russo's portfolio favors family-controlled companies, which he believes are better positioned for sustained value creation. A Dartmouth College graduate, Russo holds a JD/MBA degree from Stanford and contributes to Stanford Law School and Dartmouth's leadership councils. He serves on boards including the Winston Churchill Foundation, Facing History and Ourselves, and Storm King Art Center, and received The Graham & Dodd, Murray, Greenwald Prize for Value Investing in 2017.

In their latest 13F filing for Q1 2024, they reported managing $9,747,199,119 in 13F securities, with a significant top 10 holdings concentration of 78.94%. Gardner Russo & Quinn prominently holds Berkshire Hathaway Inc. Class A as its largest position, with 2,132 shares.

Thomas Russo
Fund Profile
Filing Period:
Fund Name: Gardner Russo & Gardner
Manager Thomas Russo
Portfolio Value $9,747,199,119
Change This QTR +0.99%
Filing Period:
Last update:
No. Security Ticker Shares Value Activity % Port History
1. BRK.A 2,132 $1,352,626,080 -12% 13.87%
2. GOOG 7,060,922 $1,075,095,984 -9% 11.02%
3. MA 2,100,298 $1,011,440,625 -9% 10.37%
4. NSRGY 7,251,976 $770,159,822 -6% 7.9%
Compagnie Financiere Richemont
4,636,489 $707,801,974 -8% 7.26%
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