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
Q3 2022Sep 30, 2022	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell - Position Exit	-1,581,740-100.0%	$0.00	-
Q2 2022Jun 30, 2022	ASHTF Ashtead Group	Ashtead Group	Buy	+1,250,377+42.1%	$176.30K	4,221,181
Q2 2022Jun 30, 2022	NFLX Netflix, Inc.	Netflix, Inc.	Buy - Position Entry	+520,842	$91.08K	520,842
Q2 2022Jun 30, 2022	CXT Crane NXT, Co.	Crane NXT, Co.	Buy - Position Entry	+74,356	$6.51K	74,356
Q2 2022Jun 30, 2022	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+21,835+6.2%	$814.13K	372,180
Q2 2022Jun 30, 2022	PDRDF Pernod Ricard	Pernod Ricard	Buy	+19,943+0.7%	$554.12K	3,023,558
Q2 2022Jun 30, 2022	OUT Outfront Media	Outfront Media	Buy	+8,890+3.5%	$4.52K	266,433
Q2 2022Jun 30, 2022	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+8,722+0.6%	$179.81K	1,581,740
Q2 2022Jun 30, 2022	SWZ Swiss Helvetia Fund, Inc. (The)	Swiss Helvetia Fund, Inc. (The)	Buy	+5,073+2.1%	$1.92K	244,154
Q2 2022Jun 30, 2022	MDLZ Mondelez International, Inc.	Mondelez International, Inc.	Buy - Position Entry	+4,400	$273.00	4,400
Q2 2022Jun 30, 2022	CABO Cable One, Inc.	Cable One, Inc.	Buy	+1,425+1.5%	$121.12K	93,938
Q2 2022Jun 30, 2022	MO Altria Group, Inc.	Altria Group, Inc.	Buy	+1,302+0.4%	$13.90K	332,846
Q2 2022Jun 30, 2022	LRLCF L'Oreal	L'Oreal	Buy	+1,070+15.9%	$2.69K	7,815
Q2 2022Jun 30, 2022	DOW Dow Inc.	Dow Inc.	Buy	+200+1.0%	$998.00	19,338
Q2 2022Jun 30, 2022	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Buy	+94+0.5%	$981.00	17,653
Q2 2022Jun 30, 2022	MKL Markel Group Inc.	Markel Group Inc.	Buy	+94+1.4%	$8.55K	6,611
Q2 2022Jun 30, 2022	TFC Truist Financial Corporation	Truist Financial Corporation	Buy	+56+0.5%	$512.00	10,787
Q2 2022Jun 30, 2022	CTVA Corteva, Inc.	Corteva, Inc.	Buy	+21+0.2%	$465.00	8,590
Q2 2022Jun 30, 2022	UNP Union Pacific Corporation	Union Pacific Corporation	Buy	+16+0.1%	$3.91K	18,340
Q2 2022Jun 30, 2022	CVX Chevron Corporation	Chevron Corporation	Buy	+11+0.2%	$693.00	4,789
Q2 2022Jun 30, 2022	MRK Merck & Company, Inc.	Merck & Company, Inc.	Buy	+10+0.3%	$356.00	3,909
Q2 2022Jun 30, 2022	GHC Graham Holdings Company	Graham Holdings Company	Buy	+3+0.3%	$657.00	1,160
Q2 2022Jun 30, 2022	MCD McDonald's Corporation	McDonald's Corporation	Sell	-15-0.7%	$502.00	2,035
Q2 2022Jun 30, 2022	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-47-1.7%	$1.13M	2,752
Q2 2022Jun 30, 2022	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-48-0.9%	$491.00	5,204
Q2 2022Jun 30, 2022	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-70-0.3%	$1.34K	21,365
Q2 2022Jun 30, 2022	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-75-2.0%	$932.00	3,629
Q2 2022Jun 30, 2022	LAMR Lamar Advertising Company	Lamar Advertising Company	Sell	-110-1.4%	$697.00	7,925
Q2 2022Jun 30, 2022	AAPL Apple Inc.	Apple Inc.	Sell	-150-2.1%	$979.00	7,158
Q2 2022Jun 30, 2022	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-150-2.6%	$2.68K	5,589

Page 26 of 88 • 2628 total trades

«‹

24 25 26 27 28

›»