Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, the Gardner Russo & Quinn portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 13, 2026. 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 Q1 2026, the filing reported:

New Buys - Amazon.com, Inc., Johnson & Johnson, Eurofins, Merck & Company, Inc.

Increases - Apple Inc., DoorDash, Inc., Walt Disney Company (The), De'Longhi, Electrolux Professional, and 13 more

Reductions - American Express Company, Brown Forman Inc, Brown Forman Inc, Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, and 34 more

Complete Exits - Ashtead Group, Deliveroo, Fomento Economico Mexicano S.A., Hyatt Hotels Corporation, PNC Financial Services Group, I, and 1 more

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

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2026	AAPL Apple Inc.	Apple Inc.	Buy	+52	+1.1%	$1.21M	4,751
Q1 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy - Position Entry	+1,040	-	$216.60K	1,040
Q1 2026	ASHTF Ashtead Group	Ashtead Group	Sell - Position Exit	-5,577,080	-100.0%	$0.00	-
Q1 2026	AXP American Express Company	American Express Company	Sell	-7,147	-52.4%	$1.96M	6,485
Q1 2026	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-70,194	-4.1%	$44.15M	1,647,878
Q1 2026	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-106,074	-13.9%	$17.44M	659,694
Q1 2026	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-81	-5.3%	$1.05B	1,460
Q1 2026	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-50,965	-4.4%	$532.12M	1,110,429
Q1 2026	BUDFF AB InBev	AB InBev	Sell	-98,205	-34.8%	$12.66M	184,010
Q1 2026	CABJF Carlsberg	Carlsberg	Sell	-2,183	-18.1%	$1.22M	9,872
Q1 2026	CAT Caterpillar, Inc.	Caterpillar, Inc.	Sell	-250	-35.7%	$318.81K	450
Q1 2026	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-156,705	-4.3%	$594.39M	3,447,287
Q1 2026	CMCSA Comcast Corporation	Comcast Corporation	Sell	-192,605	-7.9%	$64.69M	2,253,106
Q1 2026	CR Crane Company	Crane Company	Sell	-9,850	-17.4%	$7.97M	46,626
Q1 2026	CVX Chevron Corporation	Chevron Corporation	Sell	-200	-7.5%	$511.04K	2,470
Q1 2026	DASH DoorDash, Inc.	DoorDash, Inc.	Buy	+74,832	+8.1%	$150.33M	1,001,195
Q1 2026	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+7	+0.3%	$242.59K	2,517
Q1 2026	DLG.MI De'Longhi	De'Longhi	Buy	+3,750	+10.6%	$1.35M	39,000
Q1 2026	DOV Dover Corporation	Dover Corporation	Sell	-425	-2.2%	$3.99M	19,126
Q1 2026	DROOF Deliveroo	Deliveroo	Sell - Position Exit	-390,000	-100.0%	$0.00	-
Q1 2026	DVDCF Campari	Campari	Sell	-8,340	-4.0%	$1.43M	202,013
Q1 2026	ECTXF Electrolux Professional	Electrolux Professional	Buy	+30,000	+15.0%	$1.22M	230,000
Q1 2026	FLMNF Fielmann	Fielmann	Buy	+8,000	+32.0%	$1.66M	33,000
Q1 2026	FLUIF Fluidra	Fluidra	Buy	+17,000	+32.1%	$1.59M	70,000
Q1 2026	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell - Position Exit	-3,218	-100.0%	$0.00	-
Q1 2026	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-15,650	-24.2%	$995.64K	48,950
Q1 2026	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-1,299,586	-27.9%	$961.08M	3,350,337
Q1 2026	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-3,876	-25.0%	$3.34M	11,610
Q1 2026	H Hyatt Hotels Corporation	Hyatt Hotels Corporation	Sell - Position Exit	-8,675	-100.0%	$0.00	-
Q1 2026	HKHHF Heineken Holding	Heineken Holding	Sell	-184,378	-2.0%	$643.36M	9,101,528

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