13F filing recap · Q1 2020

What did Gardner Russo & Quinn buy in Q1 2020?

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

Stock value

$9.89B

Positions

Estimated turnover

10.6%

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

CIRCir Spa (formerly Cofide Spa)$115.0Kreported value+251.3K shares

Increased positions

GOOGAlphabet Inc.$457.89Mreported value+81.0K shares+25.9%BUDAnheuser-Busch Inbev Sa/nv$350.34Mreported value+315.1K shares+4.2%JPMJPMorgan Chase & Co$345.17Mreported value+3.82M shares+36846.4%VVisa Inc.$82.67Mreported value+18.1K shares

Reduced positions

MAMastercard Inc$1.44Breported value-402.9K shares-6.3%NSRGYNestle SA$1.27Breported value-403.9K shares-3.2%BRK.ABerkshire Hathaway Inc$1.03Breported value-73 shares-1.9%HKHHYHeineken Holding N V$677.67Mreported value-150.3K shares

Exited positions

BICEFSociete Bic SA$1.03Mprior reported value-14.8K shares-100.0%PXDPioneer Natural Resources Co$394.0Kprior reported value-2.6K shares-100.0%SWMAYSwedish Match Ab (publ)$318.0Kprior reported value-12.3K shares-100.0%AIGAmerican International Group, Inc.$294.0Kprior reported value