Thomas Russo
Portfolio value$8.9B
Positions85
QuarterQ2 2026ended 2026-06-30
Filed08/132026
Q2 2026 versus Q1 2026: 1 bought, 10 added to, 42 reduced, 2 sold. By dollars, the largest buy was Eurofins Scientific, $78.2M more at the quarter-end price; the largest sale Alphabet (Class C), $106.8M less. Net, $205.0M more sold than bought. What every tracked investor did in Q2 2026.
Every move, largest first
| Ticker | Issuer | Move | Shares Q1 2026 → Q2 2026 | Bought / sold | Of the portfolio | Weight now | Price vs model |
|---|---|---|---|---|---|---|---|
| GOOG | Alphabet INC Cl C | reduced −9% | 3.4M → 3.0M | −$106.8M | −1.20% | 12.1% | 49% overvalued |
| ERFSF | Eurofins Scientific | added +32% | 3.1M → 4.1M | +$78.2M | +0.88% | 3.6% | — |
| JPM | J.p. Morgan Chase | reduced −83% | 148,798 → 24,719 | −$40.6M | −0.46% | 0.1% | 11% overvalued |
| DASH | Doordash INC Cl A | added +18% | 1.0M → 1.2M | +$34.1M | +0.38% | 2.5% | 305% overvalued |
| XOM | Exxon Mobil Corp | sold | 193,950 → 0 | −$32.9M | −0.37% | — | — |
| XOM | Exxon Mobil Corp | bought | — → 181,200 | +$24.8M | +0.28% | 0.3% | 13% overvalued |
| CFRHF | Compagnie Financiere Richemont | reduced −3% | 3.4M → 3.3M | −$23.6M | −0.26% | 8.7% | — |
| BRK/A | Berkshire Hathaway INC Cl A | reduced −2% | 1,460 → 1,432 | −$21.0M | −0.23% | 12.0% | — |
| NSRGY | Nestle SA Sponsored ADR | reduced −3% | 5.5M → 5.3M | −$17.1M | −0.19% | 6.1% | — |
| MA | Mastercard INC Cl A | reduced −2% | 1.6M → 1.5M | −$16.8M | −0.19% | 8.8% | 15% overvalued |
| BRK/B | Berkshire Hathaway INC Cl B | reduced −3% | 1.1M → 1.1M | −$15.5M | −0.17% | 6.1% | 21% overvalued |
| HKHHF | Heineken Holding NV | reduced −2% | 9.1M → 8.9M | −$14.9M | −0.17% | 7.6% | — |
| PM | Philip Morris International In | reduced −2% | 4.6M → 4.5M | −$13.4M | −0.15% | 9.2% | 19% overvalued |
| SUNB | Sunbelt Rentals Holdings INC | reduced −3% | 6.0M → 5.9M | −$11.3M | −0.13% | 4.9% | — |
| PDRDF | Pernod Ricard | reduced −5% | 2.5M → 2.4M | −$9.4M | −0.10% | 1.9% | — |
| NFLX | Netflix INC | added +2% | 5.6M → 5.7M | +$7.1M | +0.08% | 4.6% | 39% overvalued |
| UBER | Uber Technologies INC | reduced −2% | 5.2M → 5.1M | −$6.5M | −0.07% | 4.1% | 12% overvalued |
| MLM | Martin Marietta Materials | reduced −1% | 715,411 → 705,367 | −$5.8M | −0.06% | 4.6% | 54% overvalued |
| V | Visa INC Cl A | reduced −7% | 93,812 → 87,256 | −$2.2M | −0.03% | 0.3% | 40% overvalued |
| CMCSA | Comcast Corp New Cl A | reduced −3% | 2.3M → 2.2M | −$1.5M | −0.02% | 0.6% | 83% undervalued |
| BF/A | Brown-forman Corp Cl A | reduced −3% | 1.6M → 1.6M | −$1.4M | −0.02% | 0.5% | — |
| MKL | Markel Corp | reduced −14% | 4,954 → 4,265 | −$1.3M | −0.02% | 0.1% | — |
| COST | Costco Whsl Corp | reduced −26% | 4,624 → 3,399 | −$1.1M | −0.01% | 0.0% | 145% overvalued |
| MO | Altria Group INC | reduced −10% | 164,461 → 148,603 | −$1.1M | −0.01% | 0.1% | 6% overvalued |
| BUDFF | Anheuser-busch Inbev SA | reduced −7% | 184,010 → 171,294 | −$1.1M | −0.01% | 0.2% | — |
| CR | Crane Company | reduced −6% | 46,626 → 43,937 | −$599,835.3 | −0.01% | 0.1% | — |
| BF/B | Brown-forman Corp Cl B | reduced −3% | 659,694 → 639,282 | −$543,979.8 | −0.01% | 0.2% | 9% undervalued |
| UNP | Union Pac Corp | reduced −7% | 27,638 → 25,841 | −$488,775.6 | −0.01% | 0.1% | 23% overvalued |
| AXP | American Express | reduced −21% | 6,485 → 5,125 | −$460,019.9 | −0.01% | 0.0% | 23% overvalued |
| GNRC | Generac Holdings INC | sold | 2,250 → 0 | −$439,493 | −0.00% | — | — |
| PG | Procter & Gamble | reduced −29% | 9,229 → 6,554 | −$392,262.2 | −0.00% | 0.0% | 32% overvalued |
| CAT | Caterpillar INC | reduced −41% | 450 → 265 | −$197,006.8 | −0.00% | 0.0% | 180% overvalued |
| GOOGL | Alphabet INC Cl A | reduced −4% | 11,610 → 11,114 | −$177,255.5 | −0.00% | 0.0% | 51% overvalued |
| DELHF | De'longhi | added +9% | 39,000 → 42,700 | +$157,110 | +0.00% | 0.0% | — |
| WMT | Wal Mart Stores INC | reduced −13% | 9,740 → 8,465 | −$144,406.5 | −0.00% | 0.0% | 208% overvalued |
| ORCL | Oracle Corp | reduced −25% | 3,600 → 2,715 | −$129,696.7 | −0.00% | 0.0% | 30% undervalued |
| FULT | Fulton Finl Corp | reduced −10% | 48,950 → 44,250 | −$113,693.1 | −0.00% | 0.0% | — |
| AKBLF | Alk Abello A/s | added +6% | 50,000 → 53,000 | +$112,052.6 | +0.00% | 0.0% | — |
| MRK | Merck INC | reduced −23% | 2,141 → 1,642 | −$64,124.2 | −0.00% | 0.0% | 24% undervalued |
| DOV | Dover Corp | reduced −1% | 19,126 → 18,851 | −$61,677 | −0.00% | 0.0% | 47% overvalued |
| KO | Coca-cola | reduced −5% | 13,025 → 12,350 | −$54,857.3 | −0.00% | 0.0% | 76% overvalued |
| JNJ | Johnson & Johnson | reduced −15% | 1,304 → 1,112 | −$48,762.3 | −0.00% | 0.0% | 36% undervalued |
| AAPL | Apple INC | reduced −3% | 4,751 → 4,601 | −$43,404 | −0.00% | 0.0% | 114% overvalued |
| DVDCF | Davide Campari-milano NV | reduced −3% | 202,013 → 195,048 | −$43,382.9 | −0.00% | 0.0% | — |
| CABJF | Carlsberg B A/s | added +3% | 9,872 → 10,135 | +$34,465.9 | +0.00% | 0.0% | — |
| MKC | Mccormick INC | reduced −2% | 38,581 → 37,981 | −$30,252 | −0.00% | 0.0% | 11% undervalued |
| UNM | Unum Group | reduced −8% | 3,800 → 3,485 | −$28,161 | −0.00% | 0.0% | — |
| LEVI | Levi Strauss & CO Cl A | added +1% | 82,725 → 83,725 | +$24,830 | +0.00% | 0.0% | — |
| AMZN | Amazon.com INC | reduced −10% | 1,040 → 936 | −$24,787.3 | −0.00% | 0.0% | 182% overvalued |
| KMROF | Kalmar Oyj B | added +2% | 27,000 → 27,500 | +$21,962.8 | +0.00% | 0.0% | — |
| MSFT | Microsoft Corp | added +1% | 3,544 → 3,584 | +$14,920.8 | +0.00% | 0.0% | 10% overvalued |
| HRL | Hormel Foods Corp | reduced −3% | 19,000 → 18,500 | −$12,410 | −0.00% | 0.0% | 3% overvalued |
| PEP | Pepsico INC | reduced −1% | 9,205 → 9,115 | −$12,186.5 | −0.00% | 0.0% | 3% undervalued |
| DIS | Disney Walt Productions | reduced −1% | 2,517 → 2,492 | −$2,406.3 | −0.00% | 0.0% | 9% undervalued |
| WFC | Wells Fargo | added +0% | 7,450 → 7,451 | +$82.6 | +0.00% | 0.0% | 6% undervalued |
Bought / sold is the change in shares × the quarter's reported price (value ÷ shares in the filing); a position sold out is priced at the quarter before, since it has no price in this one. “Of the portfolio” is that amount against this quarter's reported book.
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.