13F filing recap · Q2 2018

What did Gardner Russo & Quinn buy in Q2 2018?

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

Stock value

$13.70B

Positions

Estimated turnover

3.8%

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

APY1USDApergy Corp$1.03Mreported value+24.6K shares CSFLUSDCenterstate Bank Corporation (formerly Centerstate Banks, Inc.)$218.0Kreported value+7.3K shares

Increased positions

PMPhilip Morris International Inc.$839.49Mreported value+17.1K shares+0.2%BUDAnheuser-Busch Inbev Sa/nv$813.19Mreported value+423.6K shares+5.6%VVisa Inc.$82.65Mreported value+54.4K shares+9.6%GOOGAlphabet Inc.$63.28Mreported value+54.5K shares

Reduced positions

MAMastercard Inc$1.70Breported value-287.0K shares-3.2%BRK.ABerkshire Hathaway Inc$1.30Breported value-45 shares-1.0%NSRGYNestle SA$1.22Breported value-166.9K shares-1.1%HKHHYHeineken Holding N V$1.01Breported value-138.9K shares

Exited positions

AMKBYA.p. Møller - Mærsk A/s$614.0Kprior reported value-420 shares-100.0%BTIBritish American Tobacco P.l.c.$605.0Kprior reported value-10.5K shares-100.0%UNMUnum Group$214.0Kprior reported value-4.5K shares-100.0%INDVIndivior Pharmaceuticals, Inc.$130.0Kprior reported value-22.8K shares