Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q2 2018)

As of Jun 30, 2018, 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 2018, the filing reported:

New Buys - None reported

Increases - AbbVie Inc., Abbott Laboratories, American Express Company, AB InBev, Chemours Company (The), and 11 more

Reductions - Brown Forman Inc, Brown Forman Inc, BP p.l.c., Berkshire Hathaway Inc., Berkshire Hathaway Inc. New, and 28 more

Complete Exits - British American Tobacco Indus, Unum Group

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 2018	ABBV AbbVie Inc.	AbbVie Inc.	Buy	+266	+1.9%	$1.29K	13,966
Q2 2018	ABT Abbott Laboratories	Abbott Laboratories	Buy	+1,160	+9.1%	$851.00	13,960
Q2 2018	AXP American Express Company	American Express Company	Buy	+16,702	+10.2%	$17.68K	180,401
Q2 2018	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-10,620	-0.2%	$210.46K	4,307,409
Q2 2018	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-171,478	-6.1%	$129.63K	2,645,012
Q2 2018	BP BP p.l.c.	BP p.l.c.	Sell	-100	-1.9%	$237.00	5,198
Q2 2018	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-45	-1.0%	$1.30M	4,621
Q2 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-22,428	-0.9%	$471.79K	2,527,648
Q2 2018	BTI British American Tobacco Indus	British American Tobacco Indus	Sell - Position Exit	-10,492	-100.0%	$0.00	-
Q2 2018	BUDFF AB InBev	AB InBev	Buy	+423,647	+5.6%	$813.19K	8,051,913
Q2 2018	CC Chemours Company (The)	Chemours Company (The)	Buy	+21	+0.3%	$285.00	6,429
Q2 2018	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-136,457	-1.2%	$974.57K	11,503,826
Q2 2018	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Buy	+54,610	+33.0%	$1.86K	220,170
Q2 2018	CMCSA Comcast Corporation	Comcast Corporation	Sell	-42,500	-0.6%	$232.28K	7,079,637
Q2 2018	COTY Coty Inc.	Coty Inc.	Sell	-1,513	-4.1%	$495.00	35,077
Q2 2018	CVX Chevron Corporation	Chevron Corporation	Sell	-1,315	-10.6%	$1.40K	11,033
Q2 2018	DANOY Danone	Danone	Buy	+131,465	+18.3%	$12.45K	847,980
Q2 2018	DEO Diageo plc	Diageo plc	Sell	-12,634	-3.0%	$57.99K	402,655
Q2 2018	DGEAF Diageo	Diageo	Sell	-377,625	-4.5%	$287.94K	8,012,254
Q2 2018	DOV Dover Corporation	Dover Corporation	Sell	-525	-1.0%	$3.75K	51,291
Q2 2018	EVF Eaton Vance Senior Income Trust	Eaton Vance Senior Income Trust	Buy	+732	+0.3%	$1.86K	292,239
Q2 2018	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Buy	+25,560	+18.5%	$14.40K	163,977
Q2 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+54,540	+2497.3%	$63.28K	56,724
Q2 2018	HEINY Heineken N.V.	Heineken N.V.	Buy	+9,530	+31.4%	$2.00K	39,852
Q2 2018	HINKF Heineken	Heineken	Sell	-1,300	-2.7%	$4.62K	45,988
Q2 2018	HKHHF Heineken Holding	Heineken Holding	Sell	-138,950	-1.3%	$1.01M	10,562,757
Q2 2018	HRL Hormel Foods Corporation	Hormel Foods Corporation	Sell	-1,773	-1.1%	$5.90K	158,601
Q2 2018	IBM International Business Machines	International Business Machines	Sell	-670	-10.9%	$769.00	5,503
Q2 2018	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-1,725	-1.4%	$5.35K	121,983
Q2 2018	LTGIF LT Group	LT Group	Buy	+335,000	+55.8%	$317.00	935,000

Page 1 of 2