Thomas Russo - Gardner Russo & Quinn 13F Activity & Position Changes (Q4 2021)

As of Dec 31, 2021, the Gardner Russo & Quinn portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 10, 2022. 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 2021, the filing reported:

New Buys - LVMH-Moet Hennessy Louis Vuitto, Starbucks Corporation, Sherwin-Williams Company (The)

Increases - Cable One, Inc., Compagnie Financiere Richemont , Corteva, Inc., Chevron Corporation, DuPont de Nemours, Inc., and 11 more

Reductions - Apple Inc., Ashtead Group, American Express Company, Alibaba Group Holding Limited, Brown Forman Inc, and 36 more

Complete Exits - Anheuser-Busch Inbev SA Sponsor

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 2021	AAPL Apple Inc.	Apple Inc.	Sell	-160	-2.4%	$1.15K	6,485
Q4 2021	ASHTF Ashtead Group	Ashtead Group	Sell	-31,049	-1.2%	$197.56K	2,454,697
Q4 2021	AXP American Express Company	American Express Company	Sell	-1,574	-3.7%	$6.72K	41,077
Q4 2021	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Sell	-32,574	-2.0%	$185.61K	1,562,502
Q4 2021	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-70,137	-2.4%	$189.72K	2,798,664
Q4 2021	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-40,236	-3.6%	$79.58K	1,092,274
Q4 2021	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-68	-2.2%	$1.34M	2,976
Q4 2021	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-73,766	-3.9%	$546.04K	1,826,210
Q4 2021	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Sell - Position Exit	-3,981	-100.0%	$0.00	-
Q4 2021	BUDFF AB InBev	AB InBev	Sell	-4,269,577	-83.6%	$50.72K	838,781
Q4 2021	CABJF Carlsberg	Carlsberg	Sell	-997	-2.8%	$5.94K	34,382
Q4 2021	CABO Cable One, Inc.	Cable One, Inc.	Buy	+3,090	+3.5%	$160.16K	90,821
Q4 2021	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-147,958	-2.4%	$915.61K	6,091,713
Q4 2021	CFRUY Compagnie Financiere Richemont	Compagnie Financiere Richemont	Buy	+2,115	+1.2%	$2.58K	171,678
Q4 2021	CMCSA Comcast Corporation	Comcast Corporation	Sell	-157,844	-3.0%	$253.25K	5,031,770
Q4 2021	CTVA Corteva, Inc.	Corteva, Inc.	Buy	+26	+0.3%	$428.00	9,057
Q4 2021	CVX Chevron Corporation	Chevron Corporation	Buy	+16	+0.3%	$559.00	4,767
Q4 2021	DANOY Danone	Danone	Sell	-4,933	-3.6%	$1.66K	133,531
Q4 2021	DD DuPont de Nemours, Inc.	DuPont de Nemours, Inc.	Buy	+66	+0.4%	$1.46K	18,094
Q4 2021	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+30	+0.6%	$814.00	5,252
Q4 2021	DOV Dover Corporation	Dover Corporation	Sell	-700	-2.2%	$5.53K	30,467
Q4 2021	DOW Dow Inc.	Dow Inc.	Buy	+237	+1.2%	$1.10K	19,426
Q4 2021	DVDCF Campari	Campari	Sell	-600	-0.1%	$12.85K	878,836
Q4 2021	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-1,116	-5.2%	$1.58K	20,295
Q4 2021	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-150	-0.2%	$1.27K	74,689
Q4 2021	GHC Graham Holdings Company	Graham Holdings Company	Buy	+3	+0.3%	$727.00	1,154
Q4 2021	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-20,670	-5.4%	$1.05M	362,996
Q4 2021	HEINY Heineken N.V.	Heineken N.V.	Buy	+94	+0.3%	$1.66K	29,550
Q4 2021	HINKF Heineken	Heineken	Sell	-1,100	-2.7%	$4.39K	39,066
Q4 2021	HKHHF Heineken Holding	Heineken Holding	Buy	+418,877	+5.7%	$714.21K	7,739,293

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