13F filing recap · Q4 2012

What did Gardner Russo & Quinn buy in Q4 2012?

Reported stock-position changes between this filing and the previous one.

Stock value

$7.28B

Positions

231

Estimated turnover

—

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

NSRGYNestle SA$773.74Mreported value+11.88M shares PMPhilip Morris International Inc.$669.02Mreported value+8.00M shares BRK.ABerkshire Hathaway Inc$618.55Mreported value+4.6K shares CFRCullen/frost Bankers, Inc.$546.01Mreported value+6.98M shares HKHHYHeineken Holding N V$504.06Mreported value+9.23M shares MAMastercard Inc$437.32Mreported value+890.2K shares SBMRYSabmiller Plc$428.45Mreported value+9.33M shares RIPernod Ricard SA$427.88Mreported value+3.71M shares WFCWells Fargo & Company/mn$398.43Mreported value+11.66M shares BUDAnheuser-Busch Inbev Sa/nv$347.92Mreported value+3.98M shares UNUnilever Plc$316.16Mreported value+8.25M shares BATSBritish American Tobacco Plc$223.53Mreported value+4.41M shares MOAltria Group, Inc.$219.59Mreported value+6.98M shares DGEDiageo Plc$200.81Mreported value+6.91M shares BRK.BBerkshire Hathaway Inc$186.89Mreported value+2.08M shares BF-ABrown-Forman Corp$170.98Mreported value+2.78M shares CMCSKComcast Corporation$162.65Mreported value+4.53M shares MLMMartin Marietta Materials Inc$156.89Mreported value+1.66M shares SNIScripps Networks Interactive, Inc.$81.22Mreported value+1.40M shares DEODiageo Plc$46.75Mreported value+401.0K shares GHCGraham Holdings Co$42.51Mreported value+116.4K shares HASHasbro, Inc.$31.04Mreported value+864.7K shares JCDXFJc Decaux SA Act$29.60Mreported value+1.25M shares UHRThe Swatch Group AG$27.52Mreported value+54.5K shares VVisa Inc.$15.59Mreported value+102.8K shares XOMExxon Mobil Corp.$14.39Mreported value+166.3K shares SWMAYSwedish Match Ab (publ)$13.31Mreported value+397.1K shares FMXMexican Economic Development, Inc.$10.97Mreported value+109.0K shares PGProcter & Gamble Co$10.38Mreported value+152.9K shares CRCrane Nxt, Co.$8.67Mreported value+187.3K shares MKLMarkel Group Inc.$8.62Mreported value+19.9K shares MLKNMillerknoll, Inc.$8.57Mreported value+399.4K shares BF.BBrown-Forman Corp$8.38Mreported value+132.5K shares GSThe Goldman Sachs Group, Inc.$7.51Mreported value+58.9K shares AXPAmerican Express Co$6.64Mreported value+115.6K shares KOCoca Cola Co$6.35Mreported value+175.3K shares ABTAbbott Laboratories$5.85Mreported value+89.3K shares DOVDover Corp$5.78Mreported value+87.9K shares CVXChevron Corp$5.46Mreported value+50.5K shares BERNER-B.STBerner Industrier Ab$5.23Mreported value+116.6K shares RDS-AShell Plc$4.94Mreported value+71.6K shares PEPPepsico, Inc.$4.53Mreported value+66.2K shares HRLHormel Foods Corporation$4.28Mreported value+137.0K shares HEINYHeineken NV$3.71Mreported value+55.7K shares MKCMccormick & Company, Incorporated$3.36Mreported value+52.8K shares PXPraxair, Inc.$3.32Mreported value+30.3K shares DANOYDanone SA$2.79Mreported value+212.0K shares BICEFSociete Bic SA$2.75Mreported value+23.1K shares NESNNestlé S.a.$2.61Mreported value+40.0K shares PGRProgressive Corp/oh/$2.21Mreported value+104.7K shares EVFEATON VANCE SENIOR INCOME TR$2.12Mreported value+281.1K shares IBMInternational Business Machines Corp$2.07Mreported value+10.8K shares CMCSAComcast Corporation$2.07Mreported value+55.3K shares PRGAFPargesa Holding SA$2.00Mreported value+29.1K shares MSFTMicrosoft Corporation$1.80Mreported value+67.3K shares JPMJPMorgan Chase & Co$1.79Mreported value+150.8K shares WFC WSWells Fargo & Company/mn$1.78Mreported value+177.8K shares WMTWalmart Inc.$1.56Mreported value+22.9K shares PNCThe Pnc Financial Services Group, Inc.$1.55Mreported value+26.6K shares PCPPrecision Castparts Corp$1.36Mreported value+7.2K shares LDSVFChocoladefabriken Lindt & Sprüngli AG$1.36Mreported value+36 shares HEINYHeineken NV$1.32Mreported value+39.8K shares BUDAnheuser-Busch Inbev Sa/nv$1.30Mreported value+15.0K shares DDE.I. du Pont de Nemours and Company$1.23Mreported value+27.4K shares BBTTruist Financial Corp$1.18Mreported value+40.4K shares CFRUYCompagnie Financiere Richemont SA$1.11Mreported value+142.3K shares DEDeere & Co$1.08Mreported value+12.4K shares SBMRYSabmiller Plc$1.04Mreported value+22.8K shares ULUnilever Plc$1.04Mreported value+27.5K shares AMKBYA.p. Møller - Mærsk A/s$958.0Kreported value+135 shares COPConocophillips$955.0Kreported value+16.5K shares PDRDYPernod Ricard SA$949.0Kreported value+41.1K shares FULTFulton Financial Corp$905.0Kreported value+94.2K shares NHSTNhst Holding As (formerly Nhst Media Group As)$888.0Kreported value+19.8K shares LAMRLamar Advertising Co/new$827.0Kreported value+21.3K shares CSLCarlisle Companies Incorporated$637.0Kreported value+10.8K shares MATMattel Inc /de/$609.0Kreported value+16.6K shares BTIBritish American Tobacco P.l.c.$602.0Kreported value+6.0K shares GOOGLAlphabet Inc.$601.0Kreported value+850 shares BACBank of America Corp$586.0Kreported value+50.5K shares COSTCostco Wholesale Corp /new$578.0Kreported value+5.9K shares SWZTotal Return Securities Fund$565.0Kreported value+50.0K shares LUKLeucadia National Corporation$548.0Kreported value+23.1K shares RKTReckitt Benckiser Group Plc$515.0Kreported value+8.2K shares DISWalt Disney Co/$473.0Kreported value+9.5K shares MCDMcdonald’s Corporation$457.0Kreported value+5.2K shares GDGeneral Dynamics Corp$397.0Kreported value+5.7K shares PSXPhillips 66$339.0Kreported value+6.4K shares PXDPioneer Natural Resources Co$320.0Kreported value+3.0K shares BYCBFBarry Callebaut AG$289.0Kreported value+300 shares ORCLOracle Corporation$279.0Kreported value+8.4K shares ORL'Oreal SA$279.0Kreported value+2.0K shares SBSNFVend Marketplaces Asa (fka Schibsted Asa)$278.0Kreported value+6.6K shares RHHBYRoche Holding AG$267.0Kreported value+1.3K shares IMBBYImperial Brands Plc (formerly Imperial Tobacco Group Plc)$260.0Kreported value+6.8K shares MRKMerck & Co., Inc.$255.0Kreported value+6.2K shares BPBp Plc$254.0Kreported value+6.1K shares BNDanone SA$247.0Kreported value+3.8K shares SPYSPDR S&P 500 ETF Trust$242.0Kreported value+1.7K shares SYTSyngenta AG$241.0Kreported value+600 shares SLBSlb Limited/nv$237.0Kreported value+3.4K shares DHRDanaher Corporation$232.0Kreported value+4.2K shares NTRSNorthern Trust Corp$226.0Kreported value+4.5K shares HTLDHeartland Express Inc$218.0Kreported value+16.7K shares AALAnglo American Plc$216.0Kreported value+7.0K shares TAT&T Inc.$212.0Kreported value+6.3K shares AIGAmerican International Group, Inc.$212.0Kreported value+6.0K shares SUSQSusquehanna Bancshares, Inc.$205.0Kreported value+19.6K shares MONMonsanto Company$193.0Kreported value+2.0K shares AES-CAES TRUST III$174.0Kreported value+3.5K shares CITCit Group Inc$157.0Kreported value+4.1K shares BERNERBBerner Industrier Ab$157.0Kreported value+3.5K shares YAlleghany Corporation$156.0Kreported value+465 shares YUMYum! Brands, Inc.$146.0Kreported value+2.2K shares UNPUnion Pacific Corp$145.0Kreported value+1.1K shares SPBSpectrum Brands Holdings, Inc.$141.0Kreported value+3.1K shares SMGScotts Miracle-Gro Co$132.0Kreported value+3.0K shares SUSuncor Energy Inc$131.0Kreported value+4.0K shares CIRCir Spa (compagnie Industriali Riunite)$131.0Kreported value+125.0K shares EXPDExpeditors International of Washington, Inc.$119.0Kreported value+3.0K shares GEGeneral Electric Company$115.0Kreported value+5.5K shares USBUS Bancorp$113.0Kreported value+3.5K shares UNMUnum Group$111.0Kreported value+5.3K shares DFSDiscover Financial Services$108.0Kreported value+2.8K shares 693390841Pacific Investment Management Company LLC$107.0Kreported value+11.1K shares NWSTwenty-First Century Fox, Inc.$105.0Kreported value+4.0K shares BOIVFBollore SE$102.0Kreported value+300 shares JSHBDJardine Strategic Holdings Limited$100.0Kreported value+2.8K shares MYLMylan N.v.$96.0Kreported value+3.5K shares OMCOmnicom Group Inc.$95.0Kreported value+1.9K shares HLSEncompass Health Corporation$93.0Kreported value+4.4K shares JPMJPMorgan Chase & Co$92.0Kreported value+2.1K shares FASTFastenal Co$89.0Kreported value+1.9K shares GPNGlobal Payments Inc.$83.0Kreported value+1.8K shares LXPUSDLxp Industrial Trust$78.0Kreported value+7.5K shares PZCPz Cussons Plc$78.0Kreported value+12.5K shares MURMurphy Oil Corporation$77.0Kreported value+1.3K shares WLYJohn Wiley & Sons, Inc.$77.0Kreported value+2.0K shares BMWBayerische Motoren Werke Aktiengesellschaft$72.0Kreported value+750 shares CATCaterpillar Inc$69.0Kreported value+775 shares MMM3m Company$67.0Kreported value+725 shares STRSStratus Properties Inc.$66.0Kreported value+5.0K shares CFAOCfao SA$65.0Kreported value+1.4K shares ADPAutomatic Data Processing Inc$63.0Kreported value+1.1K shares MTBM&T Bank Corporation$63.0Kreported value+2.3K shares MBGMercedes-Benz Group AG (formerly Daimler Ag)$55.0Kreported value+1.0K shares ISRGIntuitive Surgical, Inc.$54.0Kreported value+111 shares BNYThe Bank of New York Mellon Corporation$51.0Kreported value+2.0K shares EMCEmc Corp$51.0Kreported value+2.0K shares JNJJohnson & Johnson$50.0Kreported value+715 shares TWXTime Warner Inc$50.0Kreported value+1.0K shares VZVerizon Communications Inc$50.0Kreported value+1.1K shares PFEPfizer Inc.$48.0Kreported value+1.9K shares VVCVectren Corp$47.0Kreported value+1.6K shares HDHome Depot, Inc.$46.0Kreported value+750 shares SJMThe J. M. Smucker Company$44.0Kreported value+506 shares NPBCNational Penn Bancshares, Inc.$43.0Kreported value+4.6K shares TJXThe Tjx Companies, Inc.$42.0Kreported value+1.0K shares MCKMckesson Corporation$41.0Kreported value+425 shares TRTootsie Roll Industries Inc$41.0Kreported value+1.6K shares LONRLonrho Plc$41.0Kreported value+300.0K shares HSYHershey Co$40.0Kreported value+555 shares BAThe Boeing Company$38.0Kreported value+500 shares MHKMohawk Industries, Inc.$36.0Kreported value+400 shares TRIThomson Reuters Corporation$35.0Kreported value+1.2K shares WAGWalgreen Co.$35.0Kreported value+950 shares WALMEXWal-Mart De México, S.a.b. De C.v.$33.0Kreported value+10.0K shares LMTLockheed Martin Corporation$32.0Kreported value+350 shares BEAMBeam Inc.$31.0Kreported value+500 shares TGTTarget Corporation$30.0Kreported value+499 shares SPLSStaples Inc$29.0Kreported value+2.5K shares AMXNAmérica Móvil, S.a.b. De C.v.$28.0Kreported value+1.2K shares SYBTStock Yards Bancorp, Inc.$28.0Kreported value+1.3K shares AAPLApple Inc.$27.0Kreported value+50 shares GROWU S Global Investors Inc$27.0Kreported value+6.8K shares CLColgate-Palmolive Company$26.0Kreported value+250 shares 595998816Micropore Inc C CV PFD$25.0Kreported value+2.8K shares NQPNuveen Pennsylvania Quality Municipal Income Fund$25.0Kreported value+1.6K shares WFMWhole Foods Market Inc.$25.0Kreported value+275 shares BACBank of America Corp$24.0Kreported value+21 shares TVGrupo Televisa, S.a.b.$23.0Kreported value+850 shares RDS-BShell Plc$23.0Kreported value+325 shares WFC-PLWells Fargo & Company/mn$22.0Kreported value+18 shares CHDChurch & Dwight Co., Inc.$21.0Kreported value+400 shares ESRXExpress Scripts Holding Co$21.0Kreported value+390 shares FBINFortune Brands Innovations, Inc.$20.0Kreported value+700 shares LOWLowe’s Companies, Inc.$20.0Kreported value+550 shares LUXTYLuxottica Group S.p.a.$18.0Kreported value+430 shares GWRGenesee & Wyoming Inc$17.0Kreported value+225 shares 277923660Eaton Vance Corporation$16.0Kreported value+1.5K shares MNIThe Mcclatchy Company$16.0Kreported value+5.0K shares MWVMeadwestvaco Corp$16.0Kreported value+507 shares FUSGXFederated Hermes$15.0Kreported value+2.0K shares ACNBAcnb Corp$14.0Kreported value+881 shares BURCABurnham Holdings Inc Class A$14.0Kreported value+1.0K shares GCIGannett Co. Inc.$14.0Kreported value+750 shares SHLMA. Schulman, Inc.$14.0Kreported value+467 shares GLWCorning Inc /ny$13.0Kreported value+1.0K shares UNPAUnb Corp Pa$13.0Kreported value+105 shares IMBBYImperial Brands Plc (formerly Imperial Tobacco Group Plc)$12.0Kreported value+150 shares NWSANews Corporation$12.0Kreported value+475 shares TWCTime Warner Cable Inc$12.0Kreported value+123 shares WLPWellpoint Inc$12.0Kreported value+204 shares CAPAXFederated Hermes$11.0Kreported value+1.4K shares UOVEYUnited Overseas Bank Limited$11.0Kreported value+325 shares BMOBank of Montreal$10.0Kreported value+157 shares THITim Hortons Inc$10.0Kreported value+200 shares AMGNAmgen Inc.$9.0Kreported value+100 shares PPLPpl Corp$9.0Kreported value+300 shares MDTMedtronic Plc$8.0Kreported value+200 shares NVSNovartis AG$8.0Kreported value+125 shares CHDNChurchill Downs Inc$7.0Kreported value+100 shares STZConstellation Brands, Inc.$7.0Kreported value+200 shares ABXBarrick Mining Corp$6.0Kreported value+165 shares HNZH.j. Heinz Company$6.0Kreported value+100 shares MANManpowergroup Inc.$6.0Kreported value+132 shares NWLNewell Brands Inc.$6.0Kreported value+250 shares HAINThe Hain Celestial Group, Inc.$5.0Kreported value+100 shares MODModine Manufacturing Company$5.0Kreported value+600 shares RADRite Aid Corporation$5.0Kreported value+3.5K shares FDXFedex Corporation$4.0Kreported value+40 shares INTCIntel Corp$4.0Kreported value+210 shares UTXRtx Corporation$4.0Kreported value+50 shares TIFTiffany & Co.$3.0Kreported value+50 shares BAC/WS/BBank of America Corp$2.0Kreported value+2.0K shares C WS ACitigroup Inc$1.0Kreported value+2.0K shares VODVodafone Group Public Ltd Co$1.0Kreported value+50 shares ACCOAcco Brands Corporation$0reported value+14 shares MIRMirant Corporation$0reported value+500 shares R1054G116Berner Media II As$0reported value+3.5K shares R1054G108Berner Media II As$0reported value+116.6K shares