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 2019Sep 30, 2019	HINKF Heineken	Heineken	Sell	-250-0.5%	$4.94K	45,738
Q3 2019Sep 30, 2019	LAMR Lamar Advertising Company	Lamar Advertising Company	Sell	-263-3.1%	$666.00	8,125
Q3 2019Sep 30, 2019	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-441-1.1%	$4.83K	38,837
Q3 2019Sep 30, 2019	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-450-0.4%	$5.75K	105,567
Q3 2019Sep 30, 2019	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-531-2.0%	$3.53K	25,745
Q3 2019Sep 30, 2019	COTY Coty Inc.	Coty Inc.	Sell	-725-4.8%	$152.00	14,500
Q3 2019Sep 30, 2019	DOV Dover Corporation	Dover Corporation	Sell	-1,236-2.8%	$4.21K	42,265
Q3 2019Sep 30, 2019	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-1,562-1.2%	$11.96K	130,605
Q3 2019Sep 30, 2019	HRL Hormel Foods Corporation	Hormel Foods Corporation	Sell	-1,625-1.1%	$6.63K	151,668
Q3 2019Sep 30, 2019	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-1,830-15.1%	$1.21K	10,318
Q3 2019Sep 30, 2019	AXP American Express Company	American Express Company	Sell	-1,873-1.3%	$16.27K	137,557
Q3 2019Sep 30, 2019	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Sell	-1,958-1.3%	$10.52K	148,974
Q3 2019Sep 30, 2019	CTVA Corteva, Inc.	Corteva, Inc.	Sell	-2,376-15.5%	$362.00	12,930
Q3 2019Sep 30, 2019	DANOY Danone	Danone	Sell	-3,130-0.6%	$8.77K	497,613
Q3 2019Sep 30, 2019	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Sell - Position Exit	-4,193-100.0%	$0.00	-
Q3 2019Sep 30, 2019	USB U.S. Bancorp	U.S. Bancorp	Sell - Position Exit	-4,314-100.0%	$0.00	-
Q3 2019Sep 30, 2019	EVF Eaton Vance Senior Income Trust	Eaton Vance Senior Income Trust	Sell	-4,855-1.6%	$1.82K	297,240
Q3 2019Sep 30, 2019	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-4,935-2.8%	$7.78K	168,781
Q3 2019Sep 30, 2019	BP BP p.l.c.	BP p.l.c.	Sell - Position Exit	-5,099-100.0%	$0.00	-
Q3 2019Sep 30, 2019	DEO Diageo plc	Diageo plc	Sell	-5,371-2.2%	$38.59K	235,970
Q3 2019Sep 30, 2019	V Visa Inc.	Visa Inc.	Sell	-10,414-2.0%	$86.45K	502,580
Q3 2019Sep 30, 2019	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Sell	-56,773-3.2%	$476.30K	1,737,677
Q3 2019Sep 30, 2019	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-62,567-1.6%	$231.92K	3,881,452
Q3 2019Sep 30, 2019	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-70,153-3.0%	$470.68K	2,262,661
Q3 2019Sep 30, 2019	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-90,916-4.8%	$113.20K	1,803,190
Q3 2019Sep 30, 2019	PDRDF Pernod Ricard	Pernod Ricard	Sell	-127,198-2.5%	$879.71K	4,938,362
Q3 2019Sep 30, 2019	CMCSA Comcast Corporation	Comcast Corporation	Sell	-149,319-2.5%	$266.22K	5,905,493
Q3 2019Sep 30, 2019	DGEAF Diageo	Diageo	Sell	-153,828-2.7%	$228.81K	5,570,766
Q3 2019Sep 30, 2019	BUDFF AB InBev	AB InBev	Sell	-174,260-2.2%	$737.47K	7,737,938
Q3 2019Sep 30, 2019	HKHHF Heineken Holding	Heineken Holding	Sell	-227,505-2.4%	$910.84K	9,145,887

Page 49 of 88 • 2628 total trades

«‹

47 48 49 50 51

›»