Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q2 2016)

As of Jun 30, 2016, 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 Q2 2016, the filing reported:

New Buys - BP p.l.c., Johnson & Johnson, Pfizer, Inc., Union Pacific Corporation

Increases - American Express Company, Brown Forman Inc, Danone, Diageo plc, Walt Disney Company (The), and 7 more

Reductions - AbbVie Inc., Abbott Laboratories, Brown Forman Inc, Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, and 15 more

Complete Exits - Merck & Company, Inc., Phillips 66

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 2016	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-4,612	-21.2%	$1.06K	17,106
Q2 2016	ABT Abbott Laboratories	Abbott Laboratories	Sell	-4,000	-19.6%	$645.00	16,400
Q2 2016	AXP American Express Company	American Express Company	Buy	+2,075	+1.4%	$9.35K	153,848
Q2 2016	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-33,017	-1.4%	$260.12K	2,407,865
Q2 2016	BF-B Brown Forman Inc	Brown Forman Inc	Buy	+14,730	+2.6%	$58.80K	589,364
Q2 2016	BP BP p.l.c.	BP p.l.c.	Buy - Position Entry	+5,696	-	$202.00	5,696
Q2 2016	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-14	-0.3%	$1.08M	4,999
Q2 2016	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-6,095	-0.2%	$374.21K	2,584,509
Q2 2016	BTI British American Tobacco Indus	British American Tobacco Indus	Sell	-620	-10.1%	$714.00	5,516
Q2 2016	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-14,750	-6.4%	$1.25K	215,500
Q2 2016	CVX Chevron Corporation	Chevron Corporation	Sell	-2,344	-5.7%	$4.04K	38,539
Q2 2016	DANOY Danone	Danone	Buy	+28,470	+4.5%	$9.40K	666,970
Q2 2016	DEO Diageo plc	Diageo plc	Buy	+2,992	+0.6%	$53.74K	476,124
Q2 2016	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+100	+2.1%	$480.00	4,903
Q2 2016	DOV Dover Corporation	Dover Corporation	Sell	-4,850	-7.5%	$4.16K	60,076
Q2 2016	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Buy	+2,265	+1.9%	$11.44K	123,735
Q2 2016	HEINY Heineken N.V.	Heineken N.V.	Sell	-3,475	-8.3%	$1.76K	38,362
Q2 2016	HRL Hormel Foods Corporation	Hormel Foods Corporation	Sell	-4,220	-2.5%	$6.07K	165,849
Q2 2016	IBM International Business Machines	International Business Machines	Buy	+2,600	+30.0%	$1.71K	11,274
Q2 2016	JNJ Johnson & Johnson	Johnson & Johnson	Buy - Position Entry	+2,050	-	$249.00	2,050
Q2 2016	KHC The Kraft Heinz Company	The Kraft Heinz Company	Buy	+500	+2.4%	$1.90K	21,450
Q2 2016	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-8,075	-3.9%	$8.94K	197,107
Q2 2016	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Sell	-2,025	-5.1%	$4.00K	37,455
Q2 2016	MKL Markel Group Inc.	Markel Group Inc.	Sell	-865	-6.6%	$11.69K	12,272
Q2 2016	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-11,234	-4.7%	$6.79K	227,043
Q2 2016	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Sell	-18,085	-0.9%	$400.43K	2,085,558
Q2 2016	MRK Merck & Company, Inc.	Merck & Company, Inc.	Sell - Position Exit	-3,836	-100.0%	$0.00	-
Q2 2016	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+700	+1.4%	$2.57K	50,150
Q2 2016	NSRGY Nestle S.A.	Nestle S.A.	Buy	+15,562	+0.1%	$1.22M	15,839,365
Q2 2016	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-1,499	-4.1%	$3.72K	35,148

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