Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q3 2023)

According to the SEC 13F filed on Nov 14, 2023, the Gardner Russo & Quinn portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2023. 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 2023, the filing reported:

New Buys - None reported

Increases - Apple Inc., Compagnie Financiere Richemont , Corteva, Inc., Chevron Corporation, DuPont de Nemours, Inc., and 10 more

Reductions - AbbVie Inc., Ashtead Group, American Express Company, Brown Forman Inc, Brown Forman Inc, and 40 more

Complete Exits - LVMH-Moet Hennessy Louis Vuitto

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 2023	AAPL Apple Inc.	Apple Inc.	Buy	+591	+7.8%	$1.40M	8,155
Q3 2023	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-8	-0.1%	$1.88M	12,583
Q3 2023	ASHTF Ashtead Group	Ashtead Group	Sell	-23,898	-0.4%	$326.13M	5,341,822
Q3 2023	AXP American Express Company	American Express Company	Sell	-5,725	-16.9%	$4.20M	28,176
Q3 2023	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-44,529	-1.9%	$136.87M	2,355,804
Q3 2023	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-6,576	-0.7%	$55.41M	960,448
Q3 2023	BP BP p.l.c.	BP p.l.c.	Sell	-24	-0.4%	$262.54K	6,780
Q3 2023	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-48	-1.9%	$1.32B	2,482
Q3 2023	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-7,403	-0.5%	$566.84M	1,618,150
Q3 2023	BUDFF AB InBev	AB InBev	Sell	-13,650	-2.5%	$30.09M	541,283
Q3 2023	CABJF Carlsberg	Carlsberg	Sell	-70	-0.2%	$3.69M	29,176
Q3 2023	CABO Cable One, Inc.	Cable One, Inc.	Sell	-61,766	-71.5%	$15.19M	24,670
Q3 2023	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-99,439	-1.9%	$618.04M	5,048,100
Q3 2023	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Buy	+825	+1.3%	$763.32K	62,347
Q3 2023	CMCSA Comcast Corporation	Comcast Corporation	Sell	-86,466	-2.4%	$156.43M	3,528,069
Q3 2023	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Sell	-85	-1.6%	$2.91M	5,143
Q3 2023	CR Crane Company	Crane Company	Sell	-150	-0.2%	$6.23M	70,181
Q3 2023	CTVA Corteva, Inc.	Corteva, Inc.	Buy	+26	+0.3%	$445.26K	8,703
Q3 2023	CVX Chevron Corporation	Chevron Corporation	Buy	+13	+0.3%	$798.17K	4,734
Q3 2023	DANOY Danone	Danone	Sell	-1,805	-10.9%	$163.30K	14,757
Q3 2023	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Buy	+81	+0.4%	$1.35M	18,107
Q3 2023	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-65	-1.5%	$354.20K	4,370
Q3 2023	DOV Dover Corporation	Dover Corporation	Sell	-125	-0.4%	$3.97M	28,467
Q3 2023	DOW Dow Inc.	Dow Inc.	Buy	+264	+1.3%	$1.07M	20,666
Q3 2023	DVDCF Campari	Campari	Sell	-3,770	-0.5%	$9.52M	805,403
Q3 2023	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-1,400	-10.6%	$1.29M	11,820
Q3 2023	FULT Fulton Financial Corporation	Fulton Financial Corporation	Buy	+20,000	+20.0%	$1.45M	119,905
Q3 2023	GHC Graham Holdings Company	Graham Holdings Company	Sell	-8	-0.7%	$677.04K	1,161
Q3 2023	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-127,143	-1.5%	$1.07B	8,093,922
Q3 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+900	+4.2%	$2.92M	22,330

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