13F filing recap · Q1 2015

What did Gardner Russo & Quinn buy in Q1 2015?

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

Stock value

$11.13B

Positions

110

Estimated turnover

2.7%

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

MYLMylan N.v.$347.0Kreported value+5.8K shares WBCWabco Holdings Inc.$238.0Kreported value+1.9K shares YAlleghany Corporation$205.0Kreported value+421 shares

Increased positions

NSRGYNestle SA$1.18Breported value+244.5K shares+1.6%BRK.ABerkshire Hathaway Inc$1.10Breported value+4 shares+0.1%MAMastercard Inc$865.67Mreported value+38.2K shares+0.4%WFCWells Fargo & Company/mn$798.68Mreported value+74.1K shares

Reduced positions

MOAltria Group, Inc.$327.88Mreported value-389.0K shares-5.6%BF-ABrown-Forman Corp$254.84Mreported value-9.8K shares-0.3%CMCSKComcast Corporation$250.51Mreported value-178.6K shares-3.8%MKLMarkel Group Inc.$12.49Mreported value-274 shares

Exited positions

SWZTotal Return Securities Fund$792.0Kprior reported value-71.1K shares-100.0%NTRSNorthern Trust Corp$231.0Kprior reported value-3.4K shares-100.0%MATMattel Inc /de/$205.0Kprior reported value-6.6K shares-100.0%