Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q4 2020)

According to the SEC 13F filed on Feb 11, 2021, the Gardner Russo & Quinn portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2020. 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 2020, the filing reported:

New Buys - Anheuser-Busch Inbev SA Sponsor, Chemours Company (The), Eaton Vance Senior Income Trust, The Kraft Heinz Company, Unilever PLC

Increases - Ashtead Group, Carlsberg, Cable One, Inc., Comcast Corporation, Costco Wholesale Corporation, and 17 more

Reductions - Apple Inc., American Express Company, Brown Forman Inc, Brown Forman Inc, Berkshire Hathaway Inc., and 34 more

Complete Exits - None reported

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 2020	AAPL Apple Inc.	Apple Inc.	Sell	-300	-3.3%	$1.16K	8,748
Q4 2020	ASHTF Ashtead Group	Ashtead Group	Buy	+207,615	+62.0%	$25.50K	542,610
Q4 2020	AXP American Express Company	American Express Company	Sell	-13,927	-17.4%	$7.98K	65,966
Q4 2020	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-235,717	-7.1%	$225.60K	3,070,626
Q4 2020	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-62,371	-4.7%	$100.03K	1,259,287
Q4 2020	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-144	-4.0%	$1.19M	3,419
Q4 2020	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-74,054	-3.5%	$473.50K	2,042,091
Q4 2020	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Buy - Position Entry	+3,981	-	$278.00	3,981
Q4 2020	BUDFF AB InBev	AB InBev	Sell	-209,329	-3.4%	$411.29K	5,896,294
Q4 2020	CABJF Carlsberg	Carlsberg	Buy	+15,010	+214.6%	$3.53K	22,006
Q4 2020	CABO Cable One, Inc.	Cable One, Inc.	Buy	+35,078	+20879.8%	$78.52K	35,246
Q4 2020	CC Chemours Company (The)	Chemours Company (The)	Buy - Position Entry	+8,244	-	$204.00	8,244
Q4 2020	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-379,974	-5.1%	$634.55K	7,004,407
Q4 2020	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-42,361	-24.9%	$1.16K	128,018
Q4 2020	CMCSA Comcast Corporation	Comcast Corporation	Buy	+764,134	+15.4%	$299.46K	5,714,957
Q4 2020	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Buy	+2	+0.0%	$2.03K	5,395
Q4 2020	CTVA Corteva, Inc.	Corteva, Inc.	Buy	+51	+0.3%	$613.00	15,831
Q4 2020	CVX Chevron Corporation	Chevron Corporation	Sell	-706	-7.9%	$698.00	8,264
Q4 2020	DANOY Danone	Danone	Sell	-17,896	-9.7%	$2.20K	167,422
Q4 2020	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Buy	+78	+0.4%	$1.29K	18,132
Q4 2020	DEO Diageo plc	Diageo plc	Sell	-124,710	-65.5%	$10.45K	65,776
Q4 2020	DGEAF Diageo	Diageo	Sell	-1,735	-5.2%	$1.23K	31,351
Q4 2020	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-1	-0.0%	$943.00	5,202
Q4 2020	DOV Dover Corporation	Dover Corporation	Sell	-2,426	-6.2%	$4.64K	36,734
Q4 2020	DOW Dow Inc.	Dow Inc.	Buy	+227	+1.2%	$1.05K	19,003
Q4 2020	DVDCF Campari	Campari	Buy	+50,445	+5.8%	$10.60K	927,711
Q4 2020	EVF Eaton Vance Senior Income Trust	Eaton Vance Senior Income Trust	Buy - Position Entry	+327,423	-	$2.08K	327,423
Q4 2020	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-7,691	-15.9%	$3.08K	40,641
Q4 2020	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-42,513	-36.3%	$950.00	74,671
Q4 2020	GHC Graham Holdings Company	Graham Holdings Company	Buy	+4	+0.3%	$620.00	1,163

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