13F filing recap · Q2 2017

What did Gardner Russo & Quinn buy in Q2 2017?

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

Stock value

$13.55B

Positions

102

Estimated turnover

1.2%

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

ORCLOracle Corporation$216.0Kreported value+4.3K shares 4911Shiseido Co Ltd$206.0Kreported value+5.8K shares

Increased positions

NSRGYNestle SA$1.40Breported value+102.1K shares+0.6%MAMastercard Inc$1.16Breported value+33.2K shares+0.3%BUDAnheuser-Busch Inbev Sa/nv$775.49Mreported value+9.3K shares+0.1%BRK.BBerkshire Hathaway Inc$425.07Mreported value+10.5K shares

Reduced positions

BRK.ABerkshire Hathaway Inc$1.23Breported value-48 shares-1.0%PMPhilip Morris International Inc.$1.20Breported value-124.5K shares-1.2%HKHHYHeineken Holding N V$1.01Breported value-97.4K shares-0.9%CFRCompagnie Financière Richemont SA$977.40Mreported value-66.2K shares

Exited positions

HTLDHeartland Express Inc$239.0Kprior reported value-11.9K shares-100.0%GEGeneral Electric Company$211.0Kprior reported value-7.1K shares-100.0%