Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q1 2021)

As of Mar 31, 2021, the Gardner Russo & Quinn portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 12, 2021. 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 2021, the filing reported:

New Buys - Alibaba Group Holding Limited

Increases - Ashtead Group, Cable One, Inc., Chemours Company (The), Eaton Vance Senior Income Trust, Procter & Gamble Company (The), and 4 more

Reductions - Apple Inc., American Express Company, Brown Forman Inc, Brown Forman Inc, Berkshire Hathaway Inc., and 48 more

Complete Exits - Diageo, M&T Bank Corporation, Nike, Inc.

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 2021	AAPL Apple Inc.	Apple Inc.	Sell	-2,400	-27.4%	$775.00	6,348
Q1 2021	ASHTF Ashtead Group	Ashtead Group	Buy	+1,982,436	+365.4%	$150.74K	2,525,046
Q1 2021	AXP American Express Company	American Express Company	Sell	-21,400	-32.4%	$6.30K	44,566
Q1 2021	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy - Position Entry	+1,119,994	-	$253.94K	1,119,994
Q1 2021	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-88,473	-2.9%	$189.87K	2,982,153
Q1 2021	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-63,722	-5.1%	$82.46K	1,195,565
Q1 2021	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-164	-4.8%	$1.26M	3,255
Q1 2021	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-57,381	-2.8%	$507.03K	1,984,710
Q1 2021	BUDFF AB InBev	AB InBev	Sell	-375,015	-6.4%	$348.79K	5,521,279
Q1 2021	CABJF Carlsberg	Carlsberg	Sell	-195	-0.9%	$3.36K	21,811
Q1 2021	CABO Cable One, Inc.	Cable One, Inc.	Buy	+42,425	+120.4%	$142.01K	77,671
Q1 2021	CC Chemours Company (The)	Chemours Company (The)	Buy	+76	+0.9%	$232.00	8,320
Q1 2021	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-354,346	-5.1%	$641.16K	6,650,061
Q1 2021	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-718	-0.6%	$1.23K	127,300
Q1 2021	CMCSA Comcast Corporation	Comcast Corporation	Sell	-183,657	-3.2%	$299.30K	5,531,300
Q1 2021	COCXF Lindt & Spruengli	Lindt & Spruengli	Sell	-5	-20.0%	$1.84K	20
Q1 2021	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-101	-1.9%	$1.87K	5,294
Q1 2021	CTVA Corteva, Inc.	Corteva, Inc.	Sell	-369	-2.3%	$721.00	15,462
Q1 2021	CVX Chevron Corporation	Chevron Corporation	Sell	-3,447	-41.7%	$505.00	4,817
Q1 2021	DANOY Danone	Danone	Sell	-12,477	-7.5%	$2.13K	154,945
Q1 2021	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Sell	-239	-1.3%	$1.38K	17,893
Q1 2021	DEO Diageo	Diageo	Sell - Position Exit	-65,776	-100.0%	$0.00	-
Q1 2021	DGEAF Diageo	Diageo	Sell	-8,500	-27.1%	$943.00	22,851
Q1 2021	DHR Danaher Corporation	Danaher Corporation	Sell	-150	-11.3%	$266.00	1,183
Q1 2021	DOV Dover Corporation	Dover Corporation	Sell	-2,052	-5.6%	$4.76K	34,682
Q1 2021	DOW Dow Inc.	Dow Inc.	Sell	-208	-1.1%	$1.20K	18,795
Q1 2021	DVDCF Campari	Campari	Sell	-34,475	-3.7%	$10.03K	893,236
Q1 2021	EVF Eaton Vance Senior Income Trust	Eaton Vance Senior Income Trust	Buy	+33,533	+10.2%	$2.39K	360,956
Q1 2021	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-17,020	-41.9%	$1.78K	23,621
Q1 2021	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-250	-0.3%	$1.27K	74,421

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