13F filing recap · Q3 2018

What did Gardner Russo & Quinn buy in Q3 2018?

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

Stock value

$13.83B

Positions

Estimated turnover

2.5%

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

YAlleghany Corporation$211.0Kreported value+324 shares ORCLOracle Corporation$206.0Kreported value+4.0K shares COPConocophillips$204.0Kreported value+2.6K shares

Increased positions

HKHHYHeineken Holding N V$959.17Mreported value+24.5K shares+0.2%CFRCompagnie Financière Richemont SA$953.65Mreported value+140.2K shares+1.2%BUDAnheuser-Busch Inbev Sa/nv$704.30Mreported value+9.4K shares+0.1%WFCWells Fargo & Company/mn$703.07Mreported value+1.10M shares

Reduced positions

MAMastercard Inc$1.86Breported value-308.3K shares-3.6%BRK.ABerkshire Hathaway Inc$1.46Breported value-66 shares-1.4%NSRGYNestle SA$1.28Breported value-302.1K shares-1.9%RIPernod Ricard SA$959.97Mreported value-44.0K shares

Exited positions

BATSBritish American Tobacco Plc$63.42Mprior reported value-1.25M shares-100.0%WFC WSWells Fargo & Company/mn$1.80Mprior reported value-81.8K shares-100.0%JPMJPMorgan Chase & Co$946.0Kprior reported value-14.9K shares-100.0%SLBSlb Limited/nv$283.0Kprior reported value-4.2K shares