Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q3 2018)

As of Sep 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 Q3 2018, the filing reported:

New Buys - ConocoPhillips, Oracle Corporation

Increases - Apple Inc., Bank of America Corporation, BP p.l.c., Berkshire Hathaway Inc. New, AB InBev, and 14 more

Reductions - American Express Company, Brown Forman Inc, Brown Forman Inc, Berkshire Hathaway Inc., Comcast Corporation, and 32 more

Complete Exits - Johnson & Johnson, Schlumberger N.V.

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 2018	AAPL Apple Inc.	Apple Inc.	Buy	+900	+53.1%	$586.00	2,595
Q3 2018	AXP American Express Company	American Express Company	Sell	-2,955	-1.6%	$18.90K	177,446
Q3 2018	BAC Bank of America Corporation	Bank of America Corporation	Buy	+2,000	+4.2%	$1.47K	49,975
Q3 2018	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-12,082	-0.3%	$218.20K	4,295,327
Q3 2018	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-132,603	-5.0%	$127.00K	2,512,409
Q3 2018	BP BP p.l.c.	BP p.l.c.	Buy	+2	+0.0%	$240.00	5,200
Q3 2018	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-66	-1.4%	$1.46M	4,555
Q3 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+24,097	+1.0%	$546.35K	2,551,745
Q3 2018	BUDFF AB InBev	AB InBev	Buy	+9,369	+0.1%	$704.30K	8,061,282
Q3 2018	CC Chemours Company (The)	Chemours Company (The)	Buy	+37	+0.6%	$255.00	6,466
Q3 2018	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Buy	+140,186	+1.2%	$953.65K	11,644,012
Q3 2018	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Buy	+10,850	+4.9%	$1.89K	231,020
Q3 2018	CMCSA Comcast Corporation	Comcast Corporation	Sell	-77,574	-1.1%	$247.94K	7,002,063
Q3 2018	COCXF Lindt & Spruengli	Lindt & Spruengli	Sell	-1	-3.7%	$2.14K	26
Q3 2018	COP ConocoPhillips	ConocoPhillips	Buy - Position Entry	+2,638	-	$204.00	2,638
Q3 2018	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-246	-4.5%	$1.23K	5,227
Q3 2018	COTY Coty Inc.	Coty Inc.	Sell	-69	-0.2%	$440.00	35,008
Q3 2018	CVX Chevron Corporation	Chevron Corporation	Sell	-370	-3.4%	$1.30K	10,663
Q3 2018	DANOY Danone	Danone	Sell	-19,010	-2.2%	$12.84K	828,970
Q3 2018	DEO Diageo plc	Diageo plc	Sell	-12,178	-3.0%	$55.32K	390,477
Q3 2018	DGEAF Diageo	Diageo	Sell	-108,930	-1.4%	$280.23K	7,903,324
Q3 2018	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-135	-2.9%	$522.00	4,468
Q3 2018	DOV Dover Corporation	Dover Corporation	Sell	-1,000	-1.9%	$4.45K	50,291
Q3 2018	EVF Eaton Vance Senior Income Trust	Eaton Vance Senior Income Trust	Buy	+2,264	+0.8%	$1.90K	294,503
Q3 2018	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-1,575	-1.0%	$16.07K	162,402
Q3 2018	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-100	-0.1%	$2.00K	120,154
Q3 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+627	+1.1%	$68.45K	57,351
Q3 2018	HEINY Heineken N.V.	Heineken N.V.	Buy	+1,325	+3.3%	$1.93K	41,177
Q3 2018	HKHHF Heineken Holding	Heineken Holding	Buy	+24,499	+0.2%	$959.17K	10,587,256
Q3 2018	HRL Hormel Foods Corporation	Hormel Foods Corporation	Buy	+1,422	+0.9%	$6.30K	160,023

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