13F filing recap · Q3 2015

What did Gardner Russo & Quinn buy in Q3 2015?

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

Stock value

$11.07B

Positions

104

Estimated turnover

1.7%

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

GOOGLAlphabet Inc.$809.0Kreported value+1.3K shares GOOGAlphabet Inc.$672.0Kreported value+1.1K shares USBUS Bancorp$246.0Kreported value+6.0K shares NLSNNielsen Holdings Plc$242.0Kreported value+5.5K shares MMM3m Company$227.0Kreported value+1.6K shares SBSNFVend Marketplaces Asa (fka Schibsted Asa)$208.0Kreported value+6.2K shares

Increased positions

PMPhilip Morris International Inc.$831.37Mreported value+51.6K shares+0.5%CFRCompagnie Financière Richemont SA$686.33Mreported value+480.1K shares+5.7%RIPernod Ricard SA$568.61Mreported value+74.9K shares+1.3%BRK.BBerkshire Hathaway Inc$327.57Mreported value+39.5K shares

Reduced positions

NSRGYNestle SA$1.18Breported value-63.7K shares-0.4%BRK.ABerkshire Hathaway Inc$983.03Mreported value-67 shares-1.3%MAMastercard Inc$894.95Mreported value-101.6K shares-1.0%HKHHYHeineken Holding N V$770.95Mreported value-49.3K shares

Exited positions

GOOGLAlphabet Inc.$666.0Kprior reported value-1.2K shares-100.0%GOOGAlphabet Inc.$608.0Kprior reported value-1.2K shares-100.0%ORCLOracle Corporation$302.0Kprior reported value-7.5K shares-100.0%NLSNNielsen Holdings Plc$244.0Kprior reported value-5.5K shares