13F filing recap · Q1 2019

What did Gardner Russo & Quinn buy in Q1 2019?

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

Stock value

$12.87B

Positions

Estimated turnover

7.0%

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

SWGAYThe Swatch Group AG$509.0Kreported value+35.6K shares CCChemours Co$238.0Kreported value+6.4K shares BPBp Plc$223.0Kreported value+5.1K shares ORCLOracle Corporation$215.0Kreported value+4.0K shares IBMInternational Business Machines Corp$213.0Kreported value+1.5K shares RHHBYRoche Holding AG$213.0Kreported value+775 shares USBUS Bancorp$208.0Kreported value+4.3K shares CPRDavide Campari-Milano Spa$130.0Kreported value+13.3K shares

Increased positions

BUDAnheuser-Busch Inbev Sa/nv$676.04Mreported value+253.7K shares+3.3%GOOGAlphabet Inc.$109.49Mreported value+749 shares+0.8%VMCVulcan Materials Company$6.41Mreported value+363 shares+0.7%NESNNestlé S.a.$3.91Mreported value+54 shares

Reduced positions

MAMastercard Inc$1.75Breported value-641.2K shares-7.9%NSRGYNestle SA$1.32Breported value-1.06M shares-7.1%BRK.ABerkshire Hathaway Inc$1.23Breported value-319 shares-7.2%HKHHYHeineken Holding N V$968.89Mreported value-651.8K shares

Exited positions

KHCKraft Heinz Co$1.03Mprior reported value-23.9K shares-100.0%APY1USDApergy Corp$318.0Kprior reported value-11.7K shares-100.0%YAlleghany Corporation$202.0Kprior reported value-324 shares-100.0%