13F filing recap · Q4 2018

What did Gardner Russo & Quinn buy in Q4 2018?

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

Stock value

$12.05B

Positions

Estimated turnover

3.0%

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

MTBM&T Bank Corporation$648.0Kreported value+4.5K shares MRKMerck & Co., Inc.$213.0Kreported value+2.8K shares

Increased positions

GOOGAlphabet Inc.$95.87Mreported value+35.2K shares+61.4%DWDPDowdupont Inc$2.55Mreported value+93 shares+0.2%EVFEATON VANCE SENIOR INCOME TR$1.78Mreported value+2.4K shares+0.8%JPMJPMorgan Chase & Co$1.17Mreported value+480 shares

Reduced positions

MAMastercard Inc$1.52Breported value-273.6K shares-3.3%BRK.ABerkshire Hathaway Inc$1.35Breported value-138 shares-3.0%NSRGYNestle SA$1.21Breported value-494.8K shares-3.2%RIPernod Ricard SA$923.83Mreported value-209.6K shares

Exited positions

SWGAYThe Swatch Group AG$1.09Mprior reported value-54.6K shares-100.0%MTBM&T Bank Corporation$682.0Kprior reported value-7.4K shares-100.0%NLSNNielsen Holdings Plc$464.0Kprior reported value-16.8K shares-100.0%CCChemours Co$255.0Kprior reported value-6.5K shares