13F filing recap · Q2 2025

What did Gardner Russo & Quinn buy in Q2 2025?

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

Stock value

$9.41B

Positions

Estimated turnover

4.6%

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.

Quarter in review

Gardner Russo & Quinn opened new positions in Deliveroo and Zalando, while exiting BP, Heineken Holding, and Merck entirely. The firm trimmed JPMorgan Chase substantially and added to Uber Technologies and DoorDash. It also made modest increases in Heineken Holding, Ashtead Group, and Carlsberg, alongside slight reductions across Berkshire Hathaway, Mastercard, Alphabet, Philip Morris, and Netflix.

New positions

ROODeliveroo Plc$940.1Kreported value+390.0K shares ZLDSFZalando SE$853.0Kreported value+26.0K shares

Increased positions

HKHHYHeineken Holding N V$625.94Mreported value+290.8K shares+3.6%UBERUber Technologies, Inc.$456.86Mreported value+465.0K shares+10.5%AHTAshtead Group Plc$371.78Mreported value+296.4K shares+5.4%DASHDoordash, Inc.$238.32Mreported value+173.1K shares

Reduced positions

BRK.ABerkshire Hathaway Inc$1.18Breported value-33 shares-2.0%MAMastercard Inc$945.77Mreported value-33.3K shares-1.9%GOOGAlphabet Inc.$902.97Mreported value-16.3K shares-0.3%PMPhilip Morris International Inc.$887.58Mreported value-143.3K shares

Exited positions

MRKMerck & Co., Inc.$248.0Kprior reported value-2.8K shares-100.0%HKHHYHeineken Holding N V$226.2Kprior reported value-6.3K shares-100.0%BPBp Plc$212.9Kprior reported value-6.3K shares-100.0%