Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q1 2024)

As of Mar 31, 2024, the Gardner Russo & Quinn portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 14, 2024. 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 2024, the filing reported:

New Buys - LVMH-Moet Hennessy Louis Vuitto, Unum Group

Increases - Carlsberg, Heineken N.V., Altria Group, Inc., Microsoft Corporation, Nestle REG, and 7 more

Reductions - Apple Inc., Ashtead Group, American Express Company, Brown Forman Inc, Brown Forman Inc, and 44 more

Complete Exits - Danaher Corporation, Graham Holdings Company

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 2024	AAPL Apple Inc.	Apple Inc.	Sell	-1,300	-14.0%	$1.37M	7,974
Q1 2024	ASHTF Ashtead Group	Ashtead Group	Sell	-148,405	-2.8%	$365.26M	5,126,660
Q1 2024	AXP American Express Company	American Express Company	Sell	-2,440	-11.9%	$4.12M	18,095
Q1 2024	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-70,621	-3.1%	$116.42M	2,198,694
Q1 2024	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-32,551	-3.5%	$46.71M	904,932
Q1 2024	BP BP p.l.c.	BP p.l.c.	Sell	-60	-0.9%	$244.63K	6,492
Q1 2024	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-285	-11.8%	$1.35B	2,132
Q1 2024	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-105,455	-6.7%	$615.86M	1,464,531
Q1 2024	BUDFF AB InBev	AB InBev	Sell	-39,295	-7.7%	$28.81M	472,393
Q1 2024	CABJF Carlsberg	Carlsberg	Buy	+4	+0.0%	$3.35M	24,530
Q1 2024	CABO Cable One, Inc.	Cable One, Inc.	Sell	-4,336	-27.1%	$4.94M	11,681
Q1 2024	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-350,776	-7.0%	$707.80M	4,636,489
Q1 2024	CMCSA Comcast Corporation	Comcast Corporation	Sell	-201,547	-6.1%	$134.14M	3,094,244
Q1 2024	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-73	-1.3%	$4.01M	5,477
Q1 2024	CR Crane Company	Crane Company	Sell	-1,300	-1.9%	$9.05M	66,981
Q1 2024	CTVA Corteva, Inc.	Corteva, Inc.	Sell	-2,701	-30.9%	$347.93K	6,033
Q1 2024	CVX Chevron Corporation	Chevron Corporation	Sell	-102	-2.2%	$731.25K	4,636
Q1 2024	DANOY Danone	Danone	Sell	-725	-6.7%	$130.10K	10,057
Q1 2024	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Sell	-2,717	-14.9%	$1.19M	15,482
Q1 2024	DGEAF Diageo	Diageo	Sell	-5,389	-38.9%	$312.36K	8,452
Q1 2024	DHR Danaher Corporation	Danaher Corporation	Sell - Position Exit	-1,083	-100.0%	$0.00	-
Q1 2024	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-85	-2.0%	$499.93K	4,086
Q1 2024	DOV Dover Corporation	Dover Corporation	Sell	-3,200	-11.5%	$4.38M	24,697
Q1 2024	DOW Dow Inc.	Dow Inc.	Sell	-3,074	-14.7%	$1.04M	17,874
Q1 2024	DVDCF Campari	Campari	Sell	-129,772	-16.8%	$6.45M	641,646
Q1 2024	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-1,780	-22.0%	$823.96K	6,325
Q1 2024	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-500	-0.4%	$1.85M	116,305
Q1 2024	GHC Graham Holdings Company	Graham Holdings Company	Sell - Position Exit	-1,161	-100.0%	$0.00	-
Q1 2024	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-660,475	-8.6%	$1.08B	7,060,922
Q1 2024	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-600	-2.7%	$3.31M	21,930

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