13F filing recap · Q3 2013

What did Gardner Russo & Quinn buy in Q3 2013?

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

Stock value

$9.42B

Positions

113

Estimated turnover

18.0%

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

CFRCompagnie Financière Richemont SA$681.34Mreported value+6.80M shares CBIChicago Bridge & Iron Company N.v.$1.04Mreported value+15.3K shares BERNERBBerner Industrier Ab$239.0Kreported value+3.5K shares CSFLUSDCenterstate Bank Corporation (formerly Centerstate Banks, Inc.)$107.0Kreported value+11.0K shares HMSPPt Hanjaya Mandala Sampoerna Tbk$70.0Kreported value+12.5K shares

Increased positions

NSRGYNestle SA$984.82Mreported value+886.5K shares+6.7%BRK.ABerkshire Hathaway Inc$844.04Mreported value+62 shares+1.3%PMPhilip Morris International Inc.$832.71Mreported value+425.0K shares+4.6%MAMastercard Inc$674.08Mreported value+22.0K shares

Reduced positions

BF-ABrown-Forman Corp$186.46Mreported value-9.4K shares-0.3%SNIScripps Networks Interactive, Inc.$108.84Mreported value-7.8K shares-0.6%GHCGraham Holdings Co$49.44Mreported value-5.7K shares-6.6%HASHasbro, Inc.$29.51Mreported value-31.6K shares

Exited positions

CFRCullen/frost Bankers, Inc.$600.27Mprior reported value-6.80M shares-100.0%RHHBYRoche Holding AG$329.0Kprior reported value-1.3K shares-100.0%SPYSPDR S&P 500 ETF Trust$273.0Kprior reported value-1.7K shares-100.0%IMBBYImperial Brands Plc (formerly Imperial Tobacco Group Plc)$233.0Kprior reported value