Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q1 2014)

As of Mar 31, 2014, 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 2014, the filing reported:

New Buys - Colgate-Palmolive Company

Increases - American Express Company, Brown Forman Inc, Brown Forman Inc, Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, and 12 more

Reductions - BP p.l.c., Carlisle Companies Incorporated, Chevron Corporation, Danone, Deere & Company, and 13 more

Complete Exits - Boeing Company (The), Danaher 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
Q1 2014	AXP American Express Company	American Express Company	Buy	+2,840	+2.2%	$11.65K	129,435
Q1 2014	BA Boeing Company (The)	Boeing Company (The)	Sell - Position Exit	-2,430	-100.0%	$0.00	-
Q1 2014	BF-A Brown Forman Inc	Brown Forman Inc	Buy	+7,646	+0.3%	$255.81K	2,876,559
Q1 2014	BF-B Brown Forman Inc	Brown Forman Inc	Buy	+9,018	+2.1%	$38.92K	433,949
Q1 2014	BP BP p.l.c.	BP p.l.c.	Sell	-8,757	-38.6%	$671.00	13,950
Q1 2014	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Buy	+31	+0.6%	$957.17K	5,109
Q1 2014	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+87,945	+3.8%	$300.63K	2,405,629
Q1 2014	BTI British American Tobacco Indus	British American Tobacco Indus	Buy	+149	+1.1%	$1.53K	13,699
Q1 2014	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Buy	+14,150	+9.1%	$1.62K	169,275
Q1 2014	CL Colgate-Palmolive Company	Colgate-Palmolive Company	Buy - Position Entry	+8,900	-	$577.00	8,900
Q1 2014	CSL Carlisle Companies Incorporated	Carlisle Companies Incorporated	Sell	-600	-6.2%	$722.00	9,100
Q1 2014	CVX Chevron Corporation	Chevron Corporation	Sell	-10,654	-16.5%	$6.43K	54,107
Q1 2014	DANOY Danone	Danone	Sell	-3,075	-1.5%	$2.77K	195,400
Q1 2014	DE Deere & Company	Deere & Company	Sell	-1,500	-5.0%	$2.58K	28,415
Q1 2014	DEO Diageo	Diageo	Buy	+11,481	+2.8%	$52.97K	425,185
Q1 2014	DHR Danaher Corporation	Danaher Corporation	Sell - Position Exit	-4,151	-100.0%	$0.00	-
Q1 2014	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-175	-2.7%	$496.00	6,200
Q1 2014	DOV Dover Corporation	Dover Corporation	Sell	-2,445	-3.0%	$6.43K	78,630
Q1 2014	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Buy	+1,145	+1.0%	$10.33K	110,800
Q1 2014	GHC Graham Holdings Company	Graham Holdings Company	Sell	-2,777	-3.7%	$51.42K	73,068
Q1 2014	HEINY Heineken N.V.	Heineken N.V.	Buy	+8,816	+20.4%	$1.81K	52,062
Q1 2014	HRL Hormel Foods Corporation	Hormel Foods Corporation	Sell	-2,137	-1.8%	$5.65K	114,763
Q1 2014	IBM International Business Machines	International Business Machines	Sell	-3,053	-18.3%	$2.62K	13,615
Q1 2014	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Buy	+4,390	+2.2%	$8.03K	207,713
Q1 2014	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Sell	-820	-1.8%	$3.23K	45,080
Q1 2014	MKL Markel Group Inc.	Markel Group Inc.	Sell	-200	-1.0%	$11.28K	18,927
Q1 2014	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-3,700	-1.0%	$11.43K	355,670
Q1 2014	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Buy	+61,040	+3.2%	$255.75K	1,992,602
Q1 2014	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-500	-0.8%	$2.51K	61,244
Q1 2014	NSRGY Nestle S.A.	Nestle S.A.	Buy	+56,440	+0.4%	$1.10M	14,576,827

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