Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q2 2017)

As of Jun 30, 2017, 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 2017, the filing reported:

New Buys - None reported

Increases - Abbott Laboratories, American Express Company, Bank of America Corporation, Brown Forman Inc, Berkshire Hathaway Inc. New, and 7 more

Reductions - Brown Forman Inc, Berkshire Hathaway Inc., Coty Inc., Chevron Corporation, Diageo, and 18 more

Complete Exits - Heartland Express, 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
Q2 2017	ABT Abbott Laboratories	Abbott Laboratories	Buy	+200	+1.2%	$807.00	16,600
Q2 2017	AXP American Express Company	American Express Company	Buy	+3,819	+2.4%	$13.88K	164,812
Q2 2017	BAC Bank of America Corporation	Bank of America Corporation	Buy	+600	+1.2%	$1.19K	49,100
Q2 2017	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-47,086	-1.0%	$221.66K	4,496,066
Q2 2017	BF-B Brown Forman Inc	Brown Forman Inc	Buy	+53,401	+3.8%	$70.40K	1,448,495
Q2 2017	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-48	-1.0%	$1.23M	4,834
Q2 2017	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+10,517	+0.4%	$425.07K	2,509,718
Q2 2017	BTI British American Tobacco Indus	British American Tobacco Indus	Buy	+210	+1.8%	$831.00	12,122
Q2 2017	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Buy	+535	+0.2%	$1.96K	237,640
Q2 2017	COTY Coty Inc.	Coty Inc.	Sell	-8	-0.0%	$829.00	44,202
Q2 2017	CVX Chevron Corporation	Chevron Corporation	Sell	-1,166	-4.3%	$2.70K	25,856
Q2 2017	DANOY Danone	Danone	Buy	+53,440	+7.3%	$11.86K	790,045
Q2 2017	DEO Diageo	Diageo	Sell	-1,881	-0.4%	$56.53K	471,770
Q2 2017	DOV Dover Corporation	Dover Corporation	Sell	-1,875	-3.3%	$4.45K	55,426
Q2 2017	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Buy	+5,580	+4.3%	$13.16K	133,860
Q2 2017	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-2,000	-2.3%	$1.61K	84,843
Q2 2017	HEINY Heineken N.V.	Heineken N.V.	Sell	-235	-0.5%	$2.14K	44,160
Q2 2017	HRL Hormel Foods Corporation	Hormel Foods Corporation	Sell	-800	-0.5%	$5.32K	155,849
Q2 2017	HTLD Heartland Express, Inc.	Heartland Express, Inc.	Sell - Position Exit	-11,899	-100.0%	$0.00	-
Q2 2017	IBM International Business Machines	International Business Machines	Sell	-225	-2.5%	$1.37K	8,934
Q2 2017	KHC The Kraft Heinz Company	The Kraft Heinz Company	Buy	+310	+1.4%	$1.93K	22,535
Q2 2017	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-3,230	-1.9%	$7.60K	169,527
Q2 2017	LAMR Lamar Advertising Company	Lamar Advertising Company	Sell	-260	-1.9%	$974.00	13,240
Q2 2017	MCD McDonald's Corporation	McDonald's Corporation	Sell	-250	-6.9%	$518.00	3,380
Q2 2017	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Sell	-50	-0.1%	$3.29K	33,755
Q2 2017	MKL Markel Group Inc.	Markel Group Inc.	Sell	-150	-1.3%	$10.84K	11,112
Q2 2017	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-2,850	-1.4%	$6.25K	205,516
Q2 2017	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Sell	-13,719	-0.8%	$393.07K	1,765,953
Q2 2017	NSRGY Nestle S.A.	Nestle S.A.	Buy	+102,124	+0.6%	$1.40M	16,092,009
Q2 2017	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-700	-1.9%	$4.07K	35,219

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