13F filing recap · Q4 2024

What did Gardner Russo & Quinn buy in Q4 2024?

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

Stock value

$8.85B

Positions

Estimated turnover

7.5%

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.

Quarter in review

Gardner Russo & Quinn opened new positions in Fb Bancorp, Outfront Media, and Cir Spa, while exiting Ashtead Group, BP, Carlisle Companies, Corteva, Danaher, Davide Campari-Milano, Heineken, Pernod Ricard, Reckitt Benckiser, Trane Technologies, and Cir Spa. The firm trimmed Netflix, JPMorgan Chase, Visa, Procter & Gamble, Davide Campari-Milano, Carlsberg, Heineken, Nestlé, and Heineken Holding, and substantially reduced Wells Fargo. Uber Technologies, Exxon Mobil, Union Pacific, Alphabet, Chevron, and Truist Financial were among the additions.

New positions

FBLAFb Bancorp, Inc.$834.4Kreported value+70.0K shares OUTOutfront Media Inc.$795.0Kreported value+44.8K shares CIRCir Spa (formerly Cofide Spa)$155.8Kreported value+251.3K shares

Increased positions

UBERUber Technologies, Inc.$250.38Mreported value+353.5K shares+9.3%XOMExxon Mobil Corp.$20.33Mreported value+720 shares+0.4%UNPUnion Pacific Corp$5.60Mreported value+116 shares+0.5%GOOGLAlphabet Inc.$3.87Mreported value+30 shares

Reduced positions

BRK.ABerkshire Hathaway Inc$1.27Breported value-176 shares-8.6%GOOGAlphabet Inc.$1.07Breported value-358.0K shares-6.0%MAMastercard Inc$992.41Mreported value-126.6K shares-6.3%CFRCompagnie Financière Richemont SA$642.37Mreported value-287.5K shares

Exited positions

OUTOutfront Media Inc.$827.2Kprior reported value-45.0K shares-100.0%PRNDYPernod Ricard SA$697.9Kprior reported value-23.1K shares-100.0%ASHTYAshtead Group Plc$389.0Kprior reported value-1.3K shares-100.0%CTVACorteva, Inc.$356.9Kprior reported value-6.1K shares