Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q3 2025)
According to the SEC 13F filed on Nov 12, 2025, the Gardner Russo & Quinn portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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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