13F filing recap · Q3 2024

What did Gardner Russo & Quinn buy in Q3 2024?

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

Stock value

$9.74B

Positions

Estimated turnover

3.3%

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.

Quarter in review

Gardner Russo & Quinn opened new positions in Danaher Corporation and Trane Technologies, while exiting Dow Inc. and Dupont De Nemours entirely. The quarter also brought slight trims across a broad range of holdings including Berkshire Hathaway, Alphabet, Mastercard, and Nestle, with modest increases in Heineken Holding and Uber Technologies. More notable reductions came in Wells Fargo, Vulcan Materials, Fulton Financial, and PNC Financial Services, while McDonald’s was substantially reduced.

New positions

DHRDanaher Corporation$227.7Kreported value+819 shares TTTrane Technologies Plc$209.9Kreported value+540 shares

Increased positions

HKHHYHeineken Holding N V$617.64Mreported value+180.1K shares+2.3%UBERUber Technologies, Inc.$285.41Mreported value+152.7K shares+4.2%XOMExxon Mobil Corp.$22.06Mreported value+7.7K shares+4.3%MOAltria Group, Inc.$14.76Mreported value+2.8K shares

Reduced positions

BRK.ABerkshire Hathaway Inc$1.41Breported value-69 shares-3.3%GOOGAlphabet Inc.$1.00Breported value-215.9K shares-3.5%MAMastercard Inc$993.18Mreported value-45.0K shares-2.2%CFRCompagnie Financière Richemont SA$715.20Mreported value-160.6K shares

Exited positions

DDDupont De Nemours, Inc.$1.25Mprior reported value-15.6K shares-100.0%DOWDow Inc.$960.1Kprior reported value-18.1K shares-100.0%