Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q3 2017)

As of Sep 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 Q3 2017, the filing reported:

New Buys - Phillips 66

Increases - AbbVie Inc., American Express Company, Brown Forman Inc, Berkshire Hathaway Inc. New, British American Tobacco Indus, and 8 more

Reductions - Abbott Laboratories, American International Group, I, Bank of America Corporation, Brown Forman Inc, Berkshire Hathaway Inc., and 16 more

Complete Exits - None reported

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
Q3 2017	ABBV AbbVie Inc.	AbbVie Inc.	Buy	+1,600	+9.9%	$1.58K	17,800
Q3 2017	ABT Abbott Laboratories	Abbott Laboratories	Sell	-100	-0.6%	$880.00	16,500
Q3 2017	AIG American International Group, I	American International Group, I	Sell	-265	-4.4%	$352.00	5,735
Q3 2017	AXP American Express Company	American Express Company	Buy	+539	+0.3%	$14.96K	165,351
Q3 2017	BAC Bank of America Corporation	Bank of America Corporation	Sell	-2,125	-4.3%	$1.19K	46,975
Q3 2017	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-54,915	-1.2%	$247.33K	4,441,151
Q3 2017	BF-B Brown Forman Inc	Brown Forman Inc	Buy	+80,331	+5.5%	$83.02K	1,528,826
Q3 2017	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-19	-0.4%	$1.32M	4,815
Q3 2017	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+8,624	+0.3%	$461.66K	2,518,342
Q3 2017	BTI British American Tobacco Indus	British American Tobacco Indus	Buy	+450	+3.7%	$785.00	12,572
Q3 2017	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Buy	+6,500	+2.7%	$2.23K	244,140
Q3 2017	COTY Coty Inc.	Coty Inc.	Sell	-1,728	-3.9%	$702.00	42,474
Q3 2017	CVX Chevron Corporation	Chevron Corporation	Sell	-1,600	-6.2%	$2.85K	24,256
Q3 2017	DANOY Danone	Danone	Buy	+5,025	+0.6%	$12.48K	795,070
Q3 2017	DEO Diageo plc	Diageo plc	Sell	-10,405	-2.2%	$60.96K	461,365
Q3 2017	DOV Dover Corporation	Dover Corporation	Sell	-1,760	-3.2%	$4.91K	53,666
Q3 2017	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-85	-0.1%	$12.78K	133,775
Q3 2017	FULT Fulton Financial Corporation	Fulton Financial Corporation	Buy	+32,229	+38.0%	$2.19K	117,072
Q3 2017	HEINY Heineken N.V.	Heineken N.V.	Sell	-2,203	-5.0%	$2.08K	41,957
Q3 2017	HRL Hormel Foods Corporation	Hormel Foods Corporation	Buy	+3,424	+2.2%	$5.12K	159,273
Q3 2017	IBM International Business Machines	International Business Machines	Sell	-750	-8.4%	$1.19K	8,184
Q3 2017	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-4,750	-2.8%	$7.42K	164,777
Q3 2017	LAMR Lamar Advertising Company	Lamar Advertising Company	Sell	-750	-5.7%	$856.00	12,490
Q3 2017	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Sell	-100	-0.3%	$3.45K	33,655
Q3 2017	MKL Markel Group Inc.	Markel Group Inc.	Sell	-204	-1.8%	$11.65K	10,908
Q3 2017	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-100	-0.0%	$7.37K	205,416
Q3 2017	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Buy	+268,198	+15.2%	$419.50K	2,034,151
Q3 2017	NSRGY Nestle S.A.	Nestle S.A.	Sell	-1,276	-0.0%	$1.35M	16,090,733
Q3 2017	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-19	-0.1%	$3.92K	35,200
Q3 2017	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-2,125	-3.3%	$5.67K	62,267

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