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
Q1 2019Mar 31, 2019	FULT Fulton Financial Corporation	Fulton Financial Corporation	Sell	-1,000-0.8%	$1.84K	119,154
Q1 2019Mar 31, 2019	PEP Pepsico, Inc.	Pepsico, Inc.	Sell	-1,254-4.5%	$3.27K	26,667
Q1 2019Mar 31, 2019	MKC McCormick & Company, Incorporat	McCormick & Company, Incorporat	Sell	-1,375-4.5%	$4.44K	29,480
Q1 2019Mar 31, 2019	ABT Abbott Laboratories	Abbott Laboratories	Sell	-1,850-13.3%	$968.00	12,110
Q1 2019Mar 31, 2019	HRL Hormel Foods Corporation	Hormel Foods Corporation	Sell	-1,880-1.2%	$6.87K	153,493
Q1 2019Mar 31, 2019	PG Procter & Gamble Company (The)	Procter & Gamble Company (The)	Sell	-2,731-6.0%	$4.45K	42,780
Q1 2019Mar 31, 2019	COTY Coty Inc.	Coty Inc.	Sell	-4,505-13.1%	$343.00	29,853
Q1 2019Mar 31, 2019	KO Coca-Cola Company (The)	Coca-Cola Company (The)	Sell	-5,924-5.1%	$5.20K	110,999
Q1 2019Mar 31, 2019	MLKN MillerKnoll, Inc.	MillerKnoll, Inc.	Sell	-6,500-3.5%	$6.22K	176,716
Q1 2019Mar 31, 2019	FMX Fomento Economico Mexicano S.A.	Fomento Economico Mexicano S.A.	Sell	-15,861-10.4%	$12.65K	137,134
Q1 2019Mar 31, 2019	AXP American Express Company	American Express Company	Sell	-18,935-11.6%	$15.83K	144,814
Q1 2019Mar 31, 2019	DEO Diageo plc	Diageo plc	Sell	-20,255-5.6%	$56.25K	343,801
Q1 2019Mar 31, 2019	KHC The Kraft Heinz Company	The Kraft Heinz Company	Sell - Position Exit	-23,940-100.0%	$0.00	-
Q1 2019Mar 31, 2019	V Visa Inc.	Visa Inc.	Sell	-64,291-11.0%	$81.25K	520,170
Q1 2019Mar 31, 2019	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-67,656-2.7%	$485.67K	2,417,601
Q1 2019Mar 31, 2019	OUT OUTFRONT Media Inc.	OUTFRONT Media Inc.	Sell	-68,967-16.8%	$7.99K	341,359
Q1 2019Mar 31, 2019	MLM Martin Marietta Materials, Inc.	Martin Marietta Materials, Inc.	Sell	-91,767-4.7%	$372.82K	1,853,170
Q1 2019Mar 31, 2019	BF-A Brown Forman Inc	Brown Forman Inc	Sell	-162,935-3.9%	$207.44K	4,053,990
Q1 2019Mar 31, 2019	DANOY Danone	Danone	Sell	-173,810-23.8%	$8.60K	557,639
Q1 2019Mar 31, 2019	MO Altria Group, Inc.	Altria Group, Inc.	Sell	-217,977-4.1%	$293.70K	5,113,999
Q1 2019Mar 31, 2019	PDRDF Pernod Ricard	Pernod Ricard	Sell	-386,087-6.8%	$943.82K	5,253,465
Q1 2019Mar 31, 2019	PM Philip Morris International Inc	Philip Morris International Inc	Sell	-400,016-4.0%	$850.67K	9,624,084
Q1 2019Mar 31, 2019	BF-B Brown Forman Inc	Brown Forman Inc	Sell	-410,649-17.0%	$106.02K	2,008,798
Q1 2019Mar 31, 2019	CMCSA Comcast Corporation	Comcast Corporation	Sell	-492,372-7.3%	$251.37K	6,287,439
Q1 2019Mar 31, 2019	CFRHF Compagnie Financiere Richemont	Compagnie Financiere Richemont	Sell	-571,663-5.0%	$794.30K	10,904,881
Q1 2019Mar 31, 2019	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-641,156-7.9%	$1.75M	7,436,646
Q1 2019Mar 31, 2019	HKHHF Heineken Holding	Heineken Holding	Sell	-651,765-6.3%	$968.89K	9,662,797
Q1 2019Mar 31, 2019	WFC Wells Fargo & Company	Wells Fargo & Company	Sell	-692,586-5.2%	$611.19K	12,648,868
Q1 2019Mar 31, 2019	NSRGY Nestle S.A.	Nestle S.A.	Sell	-1,055,083-7.1%	$1.32M	13,842,483
Q1 2019Mar 31, 2019	DGEAF Diageo	Diageo	Sell	-1,327,804-17.5%	$255.57K	6,250,344

Page 53 of 88 • 2628 total trades

«‹

51 52 53 54 55

›»