Thomas Russo – Gardner Russo & Quinn Portfolio Activity & Recent Trades (Jun 30, 2025)

As of Jun 30, 2025, the Gardner Russo & Quinn portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Aug 13, 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 Q2 2025, the filing reported:

New Buys – Deliveroo (DROOF), Zalando (ZLDSF)

Increases – Uber Technologies, Inc. (UBER), Ashtead Group (ASHTF), Heineken Holding (HKHHF), DoorDash, Inc. (DASH), Swiss Helvetia Fund, Inc. (The) (SWZ), and 7 more

Reductions – Lindt & Spruengli (COCXF), Costco Wholesale Corporation (COST), Lotus Bakeries (LTSSF), Pepsico, Inc. (PEP), American Express Company (AXP), and 41 more

Complete Exits – Merck & Company, Inc. (MRK), BP p.l.c. (BP)

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Gardner Russo & Quinn Activity

Date	Symbol	Name	Type	Quantity	Value	Remaining
Q2 2022Jun 30, 2022	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Sell	-178,540-8.4%	$220.09K	1,954,492
Q2 2022Jun 30, 2022	CIR.MI Cofide	Cofide	Sell - Position Exit	-251,250-100.0%	$0.00	-
Q2 2022Jun 30, 2022	UL Unilever PLC	Unilever PLC	Sell	-863,480-11.0%	$319.11K	6,962,917
Q1 2022Mar 31, 2022	ASHTF Ashtead Group	Ashtead Group	Buy	+516,107+21.0%	$189.04K	2,970,804
Q1 2022Mar 31, 2022	HKHHF Heineken Holding	Heineken Holding	Buy	+490,114+6.3%	$651.02K	8,229,407
Q1 2022Mar 31, 2022	BABA Alibaba Group Holding Limited	Alibaba Group Holding Limited	Buy	+10,516+0.7%	$171.14K	1,573,018
Q1 2022Mar 31, 2022	SWZ Swiss Helvetia Fund, Inc. (The)	Swiss Helvetia Fund, Inc. (The)	Buy	+4,282+1.8%	$2.20K	239,081
Q1 2022Mar 31, 2022	CABJF Carlsberg	Carlsberg	Buy	+3,154+9.2%	$4.66K	37,536
Q1 2022Mar 31, 2022	DVDCF Campari	Campari	Buy	+2,381+0.3%	$10.35K	881,217
Q1 2022Mar 31, 2022	CABO Cable One, Inc.	Cable One, Inc.	Buy	+1,692+1.9%	$135.46K	92,513
Q1 2022Mar 31, 2022	AAPL Apple Inc.	Apple Inc.	Buy	+823+12.7%	$1.28K	7,308
Q1 2022Mar 31, 2022	XOM Exxon Mobil Corporation	Exxon Mobil Corporation	Buy	+796+0.4%	$14.86K	179,863
Q1 2022Mar 31, 2022	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Buy	+615+1.6%	$5.86K	38,372
Q1 2022Mar 31, 2022	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Buy	+475+9.0%	$3.31K	5,739
Q1 2022Mar 31, 2022	MO Altria Group, Inc.	Altria Group, Inc.	Buy	+369+0.1%	$17.32K	331,544
Q1 2022Mar 31, 2022	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+255+7.4%	$1.14K	3,704
Q1 2022Mar 31, 2022	VMC Vulcan Materials Company (Holdi	Vulcan Materials Company (Holdi	Buy	+225+0.3%	$12.34K	67,177
Q1 2022Mar 31, 2022	UNP Union Pacific Corporation	Union Pacific Corporation	Buy	+72+0.4%	$5.01K	18,324
Q1 2022Mar 31, 2022	TFC Truist Financial Corporation	Truist Financial Corporation	Buy	+45+0.4%	$608.00	10,731
Q1 2022Mar 31, 2022	MCD McDonald's Corporation	McDonald's Corporation	Buy	+20+1.0%	$507.00	2,050
Q1 2022Mar 31, 2022	CVX Chevron Corporation	Chevron Corporation	Buy	+11+0.2%	$778.00	4,778
Q1 2022Mar 31, 2022	MRK Merck & Company, Inc.	Merck & Company, Inc.	Buy	+11+0.3%	$320.00	3,899
Q1 2022Mar 31, 2022	GHC Graham Holdings Company	Graham Holdings Company	Buy	+3+0.3%	$707.00	1,157
Q1 2022Mar 31, 2022	MKL Markel Group Inc.	Markel Group Inc.	Sell	-10-0.2%	$9.61K	6,517
Q1 2022Mar 31, 2022	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-12-1.2%	$2.73K	982
Q1 2022Mar 31, 2022	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-89-0.4%	$3.63K	21,667
Q1 2022Mar 31, 2022	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Sell	-177-5.9%	$1.48M	2,799
Q1 2022Mar 31, 2022	DOV Dover Corporation	Dover Corporation	Sell	-250-0.8%	$4.74K	30,217
Q1 2022Mar 31, 2022	DOW Dow Inc.	Dow Inc.	Sell	-288-1.5%	$1.22K	19,138
Q1 2022Mar 31, 2022	CTVA Corteva, Inc.	Corteva, Inc.	Sell	-488-5.4%	$493.00	8,569

Page 28 of 88 • 2628 total trades

«‹

26 27 28 29 30

›»