Thomas Russo – Gardner Russo & Quinn Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Gardner Russo & Quinn portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 13, 2025. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q2 2025, the filing reported:

New Buys – Deliveroo (DROOF), Zalando (ZLDSF)

Increases – Uber Technologies, Inc. (UBER), Ashtead Group (ASHTF), Heineken Holding (HKHHF), DoorDash, Inc. (DASH), Swiss Helvetia Fund, Inc. (The) (SWZ), and 7 more

Reductions – Lindt & Spruengli (COCXF), Costco Wholesale Corporation (COST), Lotus Bakeries (LTSSF), Pepsico, Inc. (PEP), American Express Company (AXP), and 41 more

Complete Exits – Merck & Company, Inc. (MRK), BP p.l.c. (BP)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Gardner Russo & Quinn Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2023Jun 30, 2023	HKHHF Heineken Holding	Heineken Holding	Sell	-200,769-2.4%	$694.69M	7,994,343
Q2 2023Jun 30, 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-206,137-2.4%	$994.50M	8,221,065
Q2 2023Jun 30, 2023	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-376,371-6.8%	$872.55M	5,147,539
Q2 2023Jun 30, 2023	UL Unilever PLC	Unilever PLC	Sell	-1,459,407-34.3%	$145.52M	2,791,456
Q1 2023Mar 31, 2023	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+494,900+6.2%	$876.43M	8,427,202
Q1 2023Mar 31, 2023	FULT Fulton Financial Corporation	Fulton Financial Corporation	Buy	+12,500+18.5%	$1.10M	79,905
Q1 2023Mar 31, 2023	SWZ Swiss Helvetia Fund, Inc. (The)	Swiss Helvetia Fund, Inc. (The)	Buy	+4,013+1.6%	$2.05M	258,159
Q1 2023Mar 31, 2023	UNP Union Pacific Corporation	Union Pacific Corporation	Buy	+3,006+16.2%	$4.34M	21,562
Q1 2023Mar 31, 2023	DVDCF Campari	Campari	Buy	+2,680+0.3%	$9.97M	815,358
Q1 2023Mar 31, 2023	LVMUY LVMH-Moet Hennessy Louis Vuitto	LVMH-Moet Hennessy Louis Vuitto	Buy - Position Entry	+1,109	$203.48K	1,109
Q1 2023Mar 31, 2023	MKL Markel Group Inc.	Markel Group Inc.	Buy	+1,025+11.7%	$12.45M	9,750
Q1 2023Mar 31, 2023	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Buy	+898+2.5%	$5.48M	36,875
Q1 2023Mar 31, 2023	CABJF Carlsberg	Carlsberg	Buy	+835+2.9%	$4.55M	29,361
Q1 2023Mar 31, 2023	LRLCF L'Oreal	L'Oreal	Buy	+620+7.9%	$3.77M	8,436
Q1 2023Mar 31, 2023	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Buy	+610+0.3%	$19.42M	177,068
Q1 2023Mar 31, 2023	CABO Cable One, Inc.	Cable One, Inc.	Buy	+598+0.7%	$63.33M	90,219
Q1 2023Mar 31, 2023	TFC Truist Financial Corporation	Truist Financial Corporation	Buy	+365+3.3%	$384.70K	11,282
Q1 2023Mar 31, 2023	DOW Dow Inc.	Dow Inc.	Buy	+248+1.2%	$1.10M	20,136
Q1 2023Mar 31, 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+216+1.1%	$2.06M	19,856
Q1 2023Mar 31, 2023	MRK Merck & Company, Inc.	Merck & Company, Inc.	Buy	+158+4.3%	$407.61K	3,831
Q1 2023Mar 31, 2023	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Buy	+93+0.5%	$1.29M	17,929
Q1 2023Mar 31, 2023	CTVA Corteva, Inc.	Corteva, Inc.	Buy	+23+0.3%	$521.91K	8,654
Q1 2023Mar 31, 2023	CVX Chevron Corporation	Chevron Corporation	Buy	+13+0.3%	$787.43K	4,826
Q1 2023Mar 31, 2023	GHC Graham Holdings Company	Graham Holdings Company	Buy	+3+0.3%	$695.92K	1,168
Q1 2023Mar 31, 2023	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-21-0.8%	$1.20B	2,579
Q1 2023Mar 31, 2023	WMT Walmart Inc.	Walmart Inc.	Sell	-25-0.7%	$509.44K	3,455
Q1 2023Mar 31, 2023	DHR Danaher Corporation	Danaher Corporation	Sell	-100-8.5%	$272.96K	1,083
Q1 2023Mar 31, 2023	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-104-2.3%	$446.10K	4,455
Q1 2023Mar 31, 2023	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-156-6.8%	$613.79K	2,129
Q1 2023Mar 31, 2023	BP BP p.l.c.	BP p.l.c.	Sell	-170-2.5%	$254.92K	6,719

Page 20 of 88 • 2628 total trades

«‹

18 19 20 21 22

›»