Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q2 2019)

As of Jun 30, 2019, 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 2019, the filing reported:

New Buys - Anheuser-Busch Inbev SA Sponsor, Corteva, Inc., DuPont de Nemours, Inc., Dow Inc.

Increases - Eaton Vance Senior Income Trust, Alphabet Inc., Alphabet Inc., JP Morgan Chase & Co., M&T Bank Corporation, and 2 more

Reductions - American Express Company, Brown Forman Inc, Brown Forman Inc, BP p.l.c., Berkshire Hathaway Inc., and 39 more

Complete Exits - Chemours Company (The), International Business Machines, 3M 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
Q2 2019	AXP American Express Company	American Express Company	Sell	-5,384	-3.7%	$17.21K	139,430
Q2 2019	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-109,971	-2.7%	$216.92K	3,944,019
Q2 2019	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-114,692	-5.7%	$104.99K	1,894,106
Q2 2019	BP BP p.l.c.	BP p.l.c.	Sell	-7	-0.1%	$213.00	5,099
Q2 2019	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-96	-2.3%	$1.27M	4,002
Q2 2019	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-84,787	-3.5%	$497.29K	2,332,814
Q2 2019	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Buy - Position Entry	+4,193	-	$371.00	4,193
Q2 2019	BUDFF AB InBev	AB InBev	Sell	-141,216	-1.8%	$701.37K	7,912,198
Q2 2019	CC Chemours Company (The)	Chemours Company (The)	Sell - Position Exit	-6,416	-100.0%	$0.00	-
Q2 2019	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-218,692	-2.0%	$907.94K	10,686,189
Q2 2019	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-355	-0.2%	$1.27K	149,520
Q2 2019	CMCSA Comcast Corporation	Comcast Corporation	Sell	-232,627	-3.7%	$256.00K	6,054,812
Q2 2019	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-135	-2.6%	$1.35K	5,092
Q2 2019	COTY Coty Inc.	Coty Inc.	Sell	-14,628	-49.0%	$204.00	15,225
Q2 2019	CTVA Corteva, Inc.	Corteva, Inc.	Buy - Position Entry	+15,306	-	$453.00	15,306
Q2 2019	CVX Chevron Corporation	Chevron Corporation	Sell	-745	-7.4%	$1.15K	9,268
Q2 2019	DANOY Danone	Danone	Sell	-56,896	-10.2%	$8.50K	500,743
Q2 2019	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Buy - Position Entry	+15,306	-	$1.15K	15,306
Q2 2019	DEO Diageo plc	Diageo plc	Sell	-102,460	-29.8%	$41.59K	241,341
Q2 2019	DGEAF Diageo	Diageo	Sell	-525,750	-8.4%	$246.55K	5,724,594
Q2 2019	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-15	-0.3%	$612.00	4,383
Q2 2019	DOV Dover Corporation	Dover Corporation	Sell	-275	-0.6%	$4.36K	43,501
Q2 2019	DOW Dow Inc.	Dow Inc.	Buy - Position Entry	+15,239	-	$751.00	15,239
Q2 2019	EVF Eaton Vance Senior Income Trust	Eaton Vance Senior Income Trust	Buy	+2,653	+0.9%	$1.88K	302,095
Q2 2019	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-4,967	-3.6%	$12.79K	132,167
Q2 2019	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-1,630	-1.4%	$1.92K	117,524
Q2 2019	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+102,215	+109.5%	$211.35K	195,534
Q2 2019	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+14	+0.8%	$2.00K	1,844
Q2 2019	HEINY Heineken N.V.	Heineken N.V.	Sell	-652	-2.2%	$1.58K	28,357
Q2 2019	HKHHF Heineken Holding	Heineken Holding	Sell	-289,405	-3.0%	$985.25K	9,373,392

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