Gardner Russo & Quinn LLC
Gardner Russo & Quinn LLC is a highly respected independent investment advisory firm headquartered in Lancaster, Pennsylvania. Founded in its earliest form in 1968 and reformed as Gardner Russo & Quinn LLC in 2021, the firm specializes in serving high-net-worth individuals, family funds, pension and profit-sharing plans, charities, government entities, and businesses. They manage over $9.2 billion in assets, with a team of around 51 employees and at least 9 investment professionals. The firm is recognized for its client-centric approach, long-term focus, and fee-only compensation structure, operating from a single location in Lancaster.
Investment Strategy
Gardner Russo & Quinn LLC employs a global value, long-only equity investment strategy, focusing on common stocks deemed undervalued with strong long-term growth potential. The firm uses fundamental research to select investments, typically concentrating portfolios in consumer products, media, and financial services industries. It favors companies with resilient management, substantial cash flows for growth, and often those with family control, believing these are better positioned for sustained value creation. The investment process emphasizes patience, limited short-term profit pressures, and discretionary advisory for both separately managed accounts and private funds, with all assets managed with a client-specific approach.
Top Holdings
Equity Positions (64)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BRK-A | Berkshire Hathaway Inc Cl A | 12.58% | $1.18B | 1,624 | $103776.44 | $728800.00 | -$139.4M |
M MA | Mastercard Inc Cl A | 10.05% | $945.8M | 1,683,051 | $30.87 | $561.94 | +$5.0M |
G GOOG | Alphabet Inc Cl C | 9.60% | $903.0M | 5,090,317 | $66.43 | $177.39 | +$105.2M |
P PM | Philip Morris International In | 9.43% | $887.6M | 4,873,326 | $63.29 | $182.13 | +$91.3M |
N NFLX | Netflix Inc | 7.72% | $726.3M | 542,334 | $234.47 | $1339.13 | +$205.5M |