Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q3 2025)
As of Sep 30, 2025, the Gardner Russo & Quinn portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 12, 2025. 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 2025, the filing reported:
New Buys - Caterpillar, Inc.
Increases - Berkshire Hathaway Inc. New, Carlsberg, Electrolux Professional, Fielmann, Heineken Holding, and 5 more
Reductions - Apple Inc., Ashtead Group, American Express Company, Brown Forman Inc, Brown Forman Inc, and 35 more
Complete Exits - Diageo, Ralph Lauren Corporation
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Type | Change Qty |
|---|---|---|---|
|
Q3 2025
|
AAPL
Apple Inc.
|
Sell |
-450
|
|
Q3 2025
|
ASHTF
Ashtead Group
|
Sell |
-233,606
|
|
Q3 2025
|
AXP
American Express Company
|
Sell |
-2
|
|
Q3 2025
|
BF-A
Brown Forman Inc
|
Sell |
-109,076
|
|
Q3 2025
|
BF-B
Brown Forman Inc
|
Sell |
-12,753
|
|
Q3 2025
|
BRK-A
Berkshire Hathaway Inc.
|
Sell |
-83
|
|
Q3 2025
|
BRK-B
Berkshire Hathaway Inc. New
|
Buy |
+6,828
|
|
Q3 2025
|
BUDFF
AB InBev
|
Sell |
-14,085
|
|
Q3 2025
|
CABJF
Carlsberg
|
Buy |
+88
|
|
Q3 2025
|
CAT
Caterpillar, Inc.
|
Buy - Position Entry |
+700
|
|
Q3 2025
|
CFRHF
Compagnie Financiere Richemont
|
Sell |
-124,323
|
|
Q3 2025
|
CMCSA
Comcast Corporation
|
Sell |
-112,255
|
|
Q3 2025
|
COST
Costco Wholesale Corporation
|
Sell |
-9
|
|
Q3 2025
|
CR
Crane Company
|
Sell |
-2,879
|
|
Q3 2025
|
DASH
DoorDash, Inc.
|
Sell |
-40,397
|
|
Q3 2025
|
DGEAF
Diageo
|
Sell - Position Exit |
-8,077
|
|
Q3 2025
|
DIS
Walt Disney Company (The)
|
Sell |
-308
|
|
Q3 2025
|
DOV
Dover Corporation
|
Sell |
-2,000
|
|
Q3 2025
|
DVDCF
Campari
|
Sell |
-24,040
|
|
Q3 2025
|
ECTXF
Electrolux Professional
|
Buy |
+24,500
|
|
Q3 2025
|
FBLA
FB Bancorp
|
Sell |
-5,000
|
|
Q3 2025
|
FLMNF
Fielmann
|
Buy |
+2,000
|
|
Q3 2025
|
FMX
Fomento Economico Mexicano S.A.
|
Sell |
-150
|
|
Q3 2025
|
FULT
Fulton Financial Corporation
|
Sell |
-3,600
|
|
Q3 2025
|
GNRC
Generac Holdlings Inc.
|
Sell |
-3,400
|
|
Q3 2025
|
GOOG
Alphabet Inc.
|
Sell |
-440,394
|
|
Q3 2025
|
GOOGL
Alphabet Inc.
|
Sell |
-243
|
|
Q3 2025
|
HKHHF
Heineken Holding
|
Buy |
+855,260
|
|
Q3 2025
|
HRL
Hormel Foods Corporation
|
Sell |
-15,746
|
|
Q3 2025
|
JPM
JP Morgan Chase & Co.
|
Sell |
-28,670
|
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