Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q4 2014)

As of Dec 31, 2014, 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 Q4 2014, the filing reported:

New Buys - Lamar Advertising Company

Increases - BP p.l.c., Diageo plc, Martin Marietta Materials, Inc., Nestle S.A.

Reductions - AbbVie Inc., Abbott Laboratories, American Express Company, Brown Forman Inc, Brown Forman Inc, and 25 more

Complete Exits - Deere & Company, Progressive Corporation (The), Phillips 66

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
Q4 2014	ABBV AbbVie Inc.	AbbVie Inc.	Sell	-59	-0.1%	$5.67K	86,718
Q4 2014	ABT Abbott Laboratories	Abbott Laboratories	Sell	-1,103	-1.3%	$3.85K	85,400
Q4 2014	AXP American Express Company	American Express Company	Sell	-536	-0.4%	$11.91K	127,999
Q4 2014	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-15,583	-0.6%	$247.22K	2,816,975
Q4 2014	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-6,126	-1.4%	$37.49K	426,850
Q4 2014	BP BP p.l.c.	BP p.l.c.	Buy	+2	+0.0%	$302.00	7,925
Q4 2014	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-22	-0.4%	$1.14M	5,060
Q4 2014	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-8,298	-0.3%	$367.73K	2,449,094
Q4 2014	BTI British American Tobacco Indus	British American Tobacco Indus	Sell	-144	-1.0%	$1.49K	13,855
Q4 2014	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-575	-0.3%	$1.68K	188,300
Q4 2014	CSL Carlisle Companies Incorporated	Carlisle Companies Incorporated	Sell	-400	-10.3%	$316.00	3,500
Q4 2014	CVX Chevron Corporation	Chevron Corporation	Sell	-2,797	-5.9%	$5.01K	44,630
Q4 2014	DANOY Danone	Danone	Sell	-360	-0.2%	$2.67K	202,350
Q4 2014	DE Deere & Company	Deere & Company	Sell - Position Exit	-28,415	-100.0%	$0.00	-
Q4 2014	DEO Diageo plc	Diageo plc	Buy	+1,760	+0.4%	$49.43K	433,253
Q4 2014	DOV Dover Corporation	Dover Corporation	Sell	-650	-0.9%	$5.43K	75,756
Q4 2014	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-1,705	-1.6%	$9.48K	107,740
Q4 2014	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-11,000	-17.0%	$664.00	53,688
Q4 2014	GHC Graham Holdings Company	Graham Holdings Company	Sell	-6,755	-10.2%	$51.31K	59,404
Q4 2014	HEINY Heineken N.V.	Heineken N.V.	Sell	-2,625	-4.8%	$1.85K	51,937
Q4 2014	HRL Hormel Foods Corporation	Hormel Foods Corporation	Sell	-3,696	-3.3%	$5.59K	107,357
Q4 2014	IBM International Business Machines	International Business Machines	Sell	-606	-5.8%	$1.58K	9,849
Q4 2014	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-1,220	-0.6%	$8.61K	203,967
Q4 2014	LAMR Lamar Advertising Company	Lamar Advertising Company	Buy - Position Entry	+14,860	-	$797.00	14,860
Q4 2014	MKL Markel Group Inc.	Markel Group Inc.	Sell	-1,425	-7.9%	$11.28K	16,521
Q4 2014	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-12,250	-3.5%	$9.81K	333,204
Q4 2014	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Buy	+72,309	+3.7%	$225.93K	2,047,918
Q4 2014	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-300	-0.5%	$2.77K	59,550
Q4 2014	NSRGY Nestle S.A.	Nestle S.A.	Buy	+397,427	+2.7%	$1.13M	15,379,148
Q4 2014	NTRS Northern Trust Corporation	Northern Trust Corporation	Sell	-902	-20.8%	$231.00	3,432

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