Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q2 2026)

According to the SEC 13F filed on Aug 13, 2026, the Gardner Russo & Quinn portfolio showed several notable changes in holdings as of quarter-end Jun 30, 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 Q2 2026, the filing reported:

New Buys - None reported

Increases - Carlsberg, DoorDash, Inc., De'Longhi, Eurofins, Microsoft Corporation, and 2 more

Reductions - Apple Inc., Amazon.com, Inc., American Express Company, Brown Forman Inc, Brown Forman Inc, and 36 more

Complete Exits - Generac Holdlings Inc., Exxon Mobil Corporation

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
Q2 2026	AAPL Apple Inc.	Apple Inc.	Sell	-150	-3.2%	$1.33M	4,601
Q2 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-104	-10.0%	$223.09K	936
Q2 2026	AXP American Express Company	American Express Company	Sell	-1,360	-21.0%	$1.73M	5,125
Q2 2026	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-50,063	-3.0%	$43.72M	1,597,815
Q2 2026	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-20,412	-3.1%	$17.04M	639,282
Q2 2026	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-28	-1.9%	$1.07B	1,432
Q2 2026	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-31,065	-2.8%	$540.10M	1,079,364
Q2 2026	BUDFF AB InBev	AB InBev	Sell	-12,716	-6.9%	$14.23M	171,294
Q2 2026	CABJF Carlsberg	Carlsberg	Buy	+263	+2.7%	$1.33M	10,135
Q2 2026	CAT Caterpillar, Inc.	Caterpillar, Inc.	Sell	-185	-41.1%	$282.20K	265
Q2 2026	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-101,941	-3.0%	$773.66M	3,345,346
Q2 2026	CMCSA Comcast Corporation	Comcast Corporation	Sell	-59,446	-2.6%	$53.85M	2,193,660
Q2 2026	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-1,225	-26.5%	$3.18M	3,399
Q2 2026	CR Crane Company	Crane Company	Sell	-2,689	-5.8%	$9.80M	43,937
Q2 2026	DASH DoorDash, Inc.	DoorDash, Inc.	Buy	+184,909	+18.5%	$218.87M	1,186,104
Q2 2026	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-25	-1.0%	$239.86K	2,492
Q2 2026	DLG.MI De'Longhi	De'Longhi	Buy	+3,700	+9.5%	$1.81M	42,700
Q2 2026	DOV Dover Corporation	Dover Corporation	Sell	-275	-1.4%	$4.23M	18,851
Q2 2026	DVDCF Campari	Campari	Sell	-6,965	-3.4%	$1.21M	195,048
Q2 2026	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-4,700	-9.6%	$1.07M	44,250
Q2 2026	GNRC Generac Holdlings Inc.	Generac Holdlings Inc.	Sell - Position Exit	-2,250	-100.0%	$0.00	-
Q2 2026	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-302,260	-9.0%	$1.08B	3,048,077
Q2 2026	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-496	-4.3%	$3.97M	11,114
Q2 2026	HKHHF Heineken Holding	Heineken Holding	Sell	-195,845	-2.2%	$679.64M	8,905,683
Q2 2026	HRL Hormel Foods Corporation	Hormel Foods Corporation	Sell	-500	-2.6%	$459.17K	18,500
Q2 2026	JNJ Johnson & Johnson	Johnson & Johnson	Sell	-192	-14.7%	$282.42K	1,112
Q2 2026	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-124,079	-83.4%	$8.09M	24,719
Q2 2026	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-675	-5.2%	$1.00M	12,350
Q2 2026	L31839134 Eurofins	Eurofins	Buy	+997,630	+32.2%	$320.91M	4,094,034
Q2 2026	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-32,746	-2.1%	$781.90M	1,522,395

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