13F filing recap · Q2 2015

What did Gardner Russo & Quinn buy in Q2 2015?

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

Stock value

$11.38B

Positions

109

Estimated turnover

1.9%

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

SPBSpectrum Brands Holdings, Inc.$204.0Kreported value+2.0K shares

Increased positions

NSRGYNestle SA$1.14Breported value+219.0K shares+1.4%BRK.ABerkshire Hathaway Inc$1.05Breported value+38 shares+0.8%MAMastercard Inc$937.81Mreported value+11.7K shares+0.1%PMPhilip Morris International Inc.$836.04Mreported value+334.6K shares

Reduced positions

WFCWells Fargo & Company/mn$825.33Mreported value-6.5K shares-0.0%MOAltria Group, Inc.$317.92Mreported value-54.9K shares-0.8%BF-ABrown-Forman Corp$302.92Mreported value-88.5K shares-3.2%BATSBritish American Tobacco Plc$267.64Mreported value-3.4K shares

Exited positions

SBSNFVend Marketplaces Asa (fka Schibsted Asa)$357.0Kprior reported value-6.2K shares-100.0%YAlleghany Corporation$205.0Kprior reported value-421 shares-100.0%