Investor: Thomas Russo
Number of Assets: 85
Reporting Period: Q2 - 2025
Holdings at Report: $9,408,724,979
Return Since Report: +$302,680,612
Return Since Report: +3.22%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Abbott Laboratories (ABT) | Equity | 0% | 11,510 | 0.02% | $136.01 | $131.93 | $1,565,475 | $1,518,457 | -$47,018 | -3.00% |
| Abbvie Inc. (ABBV) | Equity | 0% | 12,410 | 0.02% | $185.62 | $209.93 | $2,303,544 | $2,605,231 | +$301,687 | +13.10% |
| Alphabet Inc. (GOOGL) | Equity | +0.76% | 15,729 | 0.03% | $176.23 | $239.51 | $2,771,922 | $3,767,253 | +$995,331 | +35.91% |
| Alphabet Inc. (GOOG) | Equity | -0.32% | 5,090,317 | 9.60% | $177.39 | $239.54 | $902,971,333 | $1,219,334,534 | +$316,363,201 | +35.04% |
| Altria Group Inc. (MO) | Equity | -22.38% | 191,440 | 0.12% | $58.63 | $66.19 | $11,224,152 | $12,671,414 | +$1,447,262 | +12.89% |
| American Express Company (AXP) | Equity | -0.18% | 13,634 | 0.05% | $318.98 | $323.49 | $4,348,973 | $4,410,463 | +$61,490 | +1.41% |
| Apple Inc. (AAPL) | Equity | -1.91% | 5,149 | 0.01% | $205.17 | $234.36 | $1,056,420 | $1,206,735 | +$150,315 | +14.23% |
| Berkshire Hathaway Inc. (BRK-A) | Equity | -1.99% | 1,624 | 12.58% | $728,800.00 | $739,274.88 | $1,183,571,200 | $1,200,582,397 | +$17,011,197 | +1.44% |
| Berkshire Hathaway Inc. (BRK-B) | Equity | -2.21% | 1,154,566 | 5.96% | $485.77 | $493.55 | $560,853,526 | $569,830,276 | +$8,976,750 | +1.60% |
| Brown-Forman Corp. (BF-B) | Equity | -5.15% | 778,521 | 0.22% | $26.91 | $27.53 | $20,950,005 | $21,428,791 | +$478,786 | +2.29% |
| Chevron Corp. (CVX) | Equity | -36.68% | 2,670 | 0.00% | $143.19 | $137.27 | $382,317 | $366,511 | -$15,806 | -4.13% |
| The Coca-Cola Company (KO) | Equity | 0% | 13,640 | 0.01% | $70.75 | $68.04 | $965,030 | $928,066 | -$36,964 | -3.83% |
| Crane Company (CR) | Equity | -1.58% | 59,355 | 0.12% | $189.89 | $181.92 | $11,270,921 | $10,797,862 | -$473,059 | -4.20% |
| The Walt Disney Company (DIS) | Equity | -4.25% | 2,818 | 0.00% | $124.02 | $117.54 | $349,478 | $331,228 | -$18,250 | -5.22% |
| Dover Corp. (DOV) | Equity | -1.82% | 21,551 | 0.04% | $183.23 | $174.50 | $3,948,790 | $3,760,650 | -$188,141 | -4.76% |
| Exxon Mobil Corp. (XOM) | Equity | +0.44% | 190,301 | 0.22% | $107.80 | $111.58 | $20,514,478 | $21,233,786 | +$719,308 | +3.51% |
| Fulton Financial Corp. (FULT) | Equity | -2.15% | 68,200 | 0.01% | $18.04 | $19.23 | $1,230,328 | $1,311,486 | +$81,158 | +6.60% |
| Generac Holdings Inc. (GNRC) | Equity | -31.52% | 5,650 | 0.01% | $143.21 | $181.43 | $809,137 | $1,025,080 | +$215,942 | +26.69% |
| Hormel Foods Corp. (HRL) | Equity | -22.79% | 35,581 | 0.01% | $30.25 | $25.51 | $1,076,325 | $907,671 | -$168,654 | -15.67% |
| John Bean Technologies Corp. (JBT) | Equity | 0% | 7,250 | 0.01% | $120.26 | $0.00 | $871,885 | $0 | -$871,885 | -100% |
| Levi Strauss & Co. (LEVI) | Equity | -29.53% | 47,725 | 0.01% | $18.49 | $21.66 | $882,435 | $1,033,724 | +$151,288 | +17.14% |
| Mccormick & Company Inc. (MKC) | Equity | -1.52% | 41,976 | 0.03% | $75.82 | $69.87 | $3,182,620 | $2,932,653 | -$249,967 | -7.85% |
| Mcdonald'S Corp. (MCD) | Equity | 0% | 705 | 0.00% | $292.17 | $312.20 | $205,980 | $220,097 | +$14,117 | +6.85% |
| Microsoft Corp. (MSFT) | Equity | -8.23% | 4,240 | 0.02% | $497.41 | $498.50 | $2,109,018 | $2,113,640 | +$4,622 | +0.22% |
| Outfront Media Inc. (OUT) | Equity | -11.39% | 15,690 | 0.00% | $16.32 | $18.86 | $256,061 | $295,913 | +$39,852 | +15.56% |
| Pepsico Inc. (PEP) | Equity | -0.17% | 10,960 | 0.02% | $132.04 | $143.17 | $1,447,133 | $1,569,110 | +$121,977 | +8.43% |
| Philip Morris International Inc. (PM) | Equity | -2.86% | 4,873,326 | 9.43% | $182.13 | $164.61 | $887,578,954 | $802,198,193 | -$85,380,761 | -9.62% |
| The Pnc Financial Services Group Inc. (PNC) | Equity | -20.20% | 3,950 | 0.01% | $186.42 | $200.12 | $736,359 | $790,474 | +$54,115 | +7.35% |
| Brown-Forman Corp. (BF-A) | Equity | -2.34% | 1,827,148 | 0.53% | $27.47 | $27.99 | $50,191,769 | $51,141,873 | +$950,104 | +1.89% |
| Comcast Corp. (CMCSA) | Equity | -2.25% | 2,557,966 | 0.97% | $35.69 | $33.84 | $91,293,790 | $86,561,569 | -$4,732,221 | -5.18% |
| Costco Wholesale Corp. (COST) | Equity | -0.09% | 4,633 | 0.05% | $989.85 | $977.73 | $4,585,964 | $4,529,800 | -$56,164 | -1.22% |
| Doordash Inc. (DASH) | Equity | +21.81% | 966,760 | 2.53% | $246.51 | $256.95 | $238,316,008 | $248,404,148 | +$10,088,140 | +4.23% |
| FB Bancorp. Inc. (FBLA) | Equity | -21.43% | 55,000 | 0.01% | $11.25 | $11.94 | $618,750 | $656,700 | +$37,950 | +6.13% |
| Fomento Económico Mexicano S.A.B. De C.V. (FMX) | Equity | -0.88% | 3,368 | 0.00% | $102.98 | $86.31 | $346,837 | $290,692 | -$56,145 | -16.19% |
| Herc Holdings Inc. (HRI) | Equity | -10.58% | 8,450 | 0.01% | $131.69 | $131.73 | $1,112,781 | $1,113,119 | +$338 | +0.03% |
| Hyatt Hotels Corp. (H) | Equity | -25.70% | 8,675 | 0.01% | $139.65 | $144.19 | $1,211,464 | $1,250,848 | +$39,384 | +3.25% |
| JP Morgan Chase & Co. (JPM) | Equity | -45.01% | 573,700 | 1.77% | $289.91 | $297.92 | $166,321,367 | $170,916,704 | +$4,595,337 | +2.76% |
| Lamar Advertising Company (LAMR) | Equity | 0% | 5,974 | 0.01% | $121.36 | $128.15 | $725,005 | $765,568 | +$40,563 | +5.59% |
| Markel Group Inc. (MKL) | Equity | -1.61% | 8,143 | 0.17% | $1,997.36 | $1,930.40 | $16,264,502 | $15,719,247 | -$545,255 | -3.35% |
| Martin Marietta Materials Inc. (MLM) | Equity | -0.21% | 712,779 | 4.16% | $548.96 | $610.93 | $391,286,919 | $435,458,074 | +$44,171,155 | +11.29% |
| Mastercard Inc. (MA) | Equity | -1.94% | 1,683,051 | 10.05% | $561.94 | $585.53 | $945,773,656 | $985,476,852 | +$39,703,196 | +4.20% |
| Nestlé S.A. (NSRGY) | Equity | -2.10% | 6,014,833 | 6.35% | $99.32 | $92.36 | $597,393,236 | $555,529,976 | -$41,863,260 | -7.01% |
| Netflix Inc. (NFLX) | Equity | -2.88% | 542,334 | 7.72% | $1,339.13 | $1,264.23 | $726,255,729 | $685,634,913 | -$40,620,816 | -5.59% |
| Oracle Corp. (ORCL) | Equity | 0% | 3,475 | 0.01% | $218.63 | $240.84 | $759,739 | $836,919 | +$77,180 | +10.16% |
| Ralph Lauren Corp. (RL) | Equity | 0% | 4,100 | 0.01% | $274.28 | $308.68 | $1,124,548 | $1,265,588 | +$141,040 | +12.54% |
| Truist Financial Corp. (TFC) | Equity | -4.25% | 9,280 | 0.00% | $42.99 | $45.16 | $398,967 | $419,038 | +$20,071 | +5.03% |
| Uber Technologies Inc. (UBER) | Equity | +10.49% | 4,896,722 | 4.86% | $93.30 | $94.62 | $456,864,163 | $463,303,352 | +$6,439,189 | +1.41% |
| Union Pacific Corp. (UNP) | Equity | +0.52% | 24,715 | 0.06% | $230.08 | $216.00 | $5,686,491 | $5,338,440 | -$348,051 | -6.12% |
| Warby Parker Inc. (WRBY) | Equity | +12.29% | 58,000 | 0.01% | $21.93 | $26.73 | $1,271,940 | $1,550,340 | +$278,400 | +21.89% |
| Wells Fargo & Company (WFC) | Equity | -63.68% | 22,848 | 0.02% | $80.12 | $80.81 | $1,830,571 | $1,846,347 | +$15,776 | +0.86% |
| Anheuser Busch Inbev NV (BUD) | Equity | -12.51% | 296,300 | 0.22% | $68.37 | $59.44 | $20,256,557 | $17,610,591 | -$2,645,967 | -13.06% |
| Carlsberg A/S (CABJF) | Equity | +16.11% | 11,967 | 0.02% | $141.19 | $120.50 | $1,689,667 | $1,442,024 | -$247,643 | -14.66% |
| Compagnie Financière Richemont Sa (CFRHF) | Equity | -1.59% | 3,728,315 | 7.44% | $187.75 | $185.00 | $699,995,825 | $689,738,275 | -$10,257,550 | -1.47% |
| De'longhi | Equity | 0% | 35,250 | 0.01% | $33.45 | $0.00 | $1,179,279 | $0 | -$1,179,279 | -100% |
| Deliveroo PLC | Equity | +100% | 390,000 | 0.01% | $2.41 | N/A | $940,074 | N/A | N/A | N/A |
| Diageo PLC (DGEAF) | Equity | 0% | 8,077 | 0.00% | $25.05 | $27.27 | $202,329 | $220,260 | +$17,931 | +8.86% |
| Fielmann | Equity | +3.14% | 23,000 | 0.02% | $66.56 | $0.00 | $1,530,818 | $0 | -$1,530,818 | -100% |
| H&M | Equity | -27.27% | 64,000 | 0.01% | $13.94 | $0.00 | $892,470 | $0 | -$892,470 | -100% |
| Heineken Holding N.V. (HKHHF) | Equity | +3.57% | 8,430,646 | 6.65% | $74.25 | $69.64 | $625,941,848 | $587,110,187 | -$38,831,661 | -6.20% |
| Konecranes | Equity | 0% | 23,650 | 0.02% | $79.06 | $0.00 | $1,869,741 | $0 | -$1,869,741 | -100% |
| L'Oréal S.A. (LRLCF) | Equity | -0.88% | 4,050 | 0.02% | $426.22 | $466.88 | $1,726,211 | $1,890,864 | +$164,653 | +9.54% |
| LT Group Inc. | Equity | 0% | 1,775,000 | 0.00% | $0.23 | $0.00 | $405,228 | $0 | -$405,228 | -100% |
| Pernod Ricard Sa (PDRDF) | Equity | -2.01% | 2,824,214 | 2.98% | $99.31 | $110.00 | $280,466,225 | $310,663,540 | +$30,197,315 | +10.77% |
| Rational Ag | Equity | 0% | 975 | 0.01% | $835.78 | $0.00 | $814,887 | $0 | -$814,887 | -100% |
| The Swiss Helvetia Fund Inc. (SWZ) | Equity | +48.00% | 434,237 | 0.03% | $6.34 | $6.10 | $2,753,060 | $2,650,583 | -$102,477 | -3.72% |
| The Procter & Gamble Company (PG) | Equity | -0.73% | 10,920 | 0.02% | $159.32 | $159.48 | $1,739,774 | $1,741,522 | +$1,748 | +0.10% |
| Unum Group (UNM) | Equity | 0% | 3,800 | 0.00% | $80.76 | $73.38 | $306,888 | $278,844 | -$28,044 | -9.14% |
| Visa Inc. (V) | Equity | -2.87% | 126,944 | 0.48% | $355.05 | $344.24 | $45,071,467 | $43,698,568 | -$1,372,899 | -3.05% |
| Vulcan Materials Company (VMC) | Equity | -45.77% | 10,162 | 0.03% | $260.82 | $291.37 | $2,650,453 | $2,960,902 | +$310,449 | +11.71% |
| Walmart Inc. (WMT) | Equity | -0.73% | 10,165 | 0.01% | $97.78 | $102.14 | $993,934 | $1,038,202 | +$44,268 | +4.45% |
| Yeti Holdings Inc. (YETI) | Equity | -26.15% | 24,000 | 0.01% | $31.52 | $35.48 | $756,480 | $851,520 | +$95,040 | +12.56% |
| Ashtead Group PLC (ASHTF) | Equity | +5.37% | 5,810,686 | 3.95% | $63.98 | $75.00 | $371,777,229 | $435,801,450 | +$64,024,221 | +17.22% |
| Cofide Spa | Equity | 0% | 251,250 | 0.00% | $0.69 | $0.00 | $172,534 | $0 | -$172,534 | -100% |
| Davide Campari-Milano NV | Equity | -0.32% | 234,393 | 0.02% | $6.70 | $0.00 | $1,571,062 | $0 | -$1,571,062 | -100% |
| Demant AS | Equity | +1.86% | 41,000 | 0.02% | $41.57 | $0.00 | $1,704,302 | $0 | -$1,704,302 | -100% |
| Electrolux Professional | Equity | 0% | 175,500 | 0.01% | $7.03 | $0.00 | $1,233,789 | $0 | -$1,233,789 | -100% |
| Fluidra | Equity | +4.95% | 53,000 | 0.01% | $24.89 | $0.00 | $1,318,938 | $0 | -$1,318,938 | -100% |
| PT Hanjaya Mandala Sampoerna Tbk (PHJMF) | Equity | 0% | 5,000,000 | 0.00% | $0.04 | $0.05 | $184,786 | $250,000 | +$65,214 | +35.29% |
| Heineken N.V. (HINKF) | Equity | 0% | 15,131 | 0.01% | $86.89 | $77.20 | $1,314,708 | $1,168,113 | -$146,595 | -11.15% |
| Chocoladefabriken Lindt & Sprüngli Ag (COCXF) | Equity | -6.25% | 15 | 0.03% | $166,080.40 | $109,000.00 | $2,491,206 | $1,635,000 | -$856,206 | -34.37% |
| Lotus Bakeries | Equity | -11.54% | 115 | 0.01% | $9,590.36 | $0.00 | $1,102,891 | $0 | -$1,102,891 | -100% |
| Nestlé S.A. (NSRGF) | Equity | 0% | 11,285 | 0.01% | $99.03 | $92.37 | $1,117,584 | $1,042,395 | -$75,189 | -6.73% |
| Puig Brands (PUGBY) | Equity | 0% | 68,000 | 0.01% | $19.67 | $9.38 | $1,337,813 | $637,840 | -$699,973 | -52.32% |
| SSP Group | Equity | 0% | 548,000 | 0.01% | $2.36 | $0.00 | $1,293,890 | $0 | -$1,293,890 | -100% |
| Zalando SE | Equity | +100% | 26,000 | 0.01% | $32.81 | N/A | $853,037 | N/A | N/A | N/A |