13F filing recap · Q4 2016

What did Gardner Russo & Quinn buy in Q4 2016?

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

Stock value

$11.82B

Positions

Estimated turnover

14.4%

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

COTYCoty Inc.$825.0Kreported value+45.1K shares

Increased positions

NSRGYNestle SA$1.14Breported value+113.0K shares+0.7%PMPhilip Morris International Inc.$948.18Mreported value+49.8K shares+0.5%HKHHYHeineken Holding N V$757.40Mreported value+48.2K shares+0.4%BUDAnheuser-Busch Inbev Sa/nv$716.78Mreported value+6.68M shares

Reduced positions

BRK.ABerkshire Hathaway Inc$1.20Breported value-72 shares-1.4%MAMastercard Inc$991.53Mreported value-171.9K shares-1.8%WFCWells Fargo & Company/mn$806.80Mreported value-1.17M shares-7.4%CFRCompagnie Financière Richemont SA$790.44Mreported value-21.4K shares

Exited positions

SBMRYSabmiller Plc$3.84Mprior reported value-65.8K shares-100.0%GSThe Goldman Sachs Group, Inc.$1.51Mprior reported value-9.4K shares-100.0%CSLCarlisle Companies Incorporated$256.0Kprior reported value-2.5K shares-100.0%MATMattel Inc /de/$201.0Kprior reported value-6.6K shares