13F filing recap · Q4 2025

What did Gardner Russo & Quinn buy in Q4 2025?

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

Stock value

$9.26B

Positions

Estimated turnover

9.9%

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 Diageo, Alk-Abelló, Amazon, IBM, and Johnson & Johnson, while exiting Mexican Economic Development, Truist Financial, and Deliveroo. The firm trimmed Alphabet and Visa moderately, and added substantially to Carlsberg. Netflix was increased dramatically.

New positions

DGEDiageo Plc$2.80Mreported value+129.8K shares ALK-BAlk-Abelló A/s$1.26Mreported value+35.0K shares AMZNAmazon.com Inc$240.1Kreported value+1.0K shares IBMInternational Business Machines Corp$222.2Kreported value+750 shares JNJJohnson & Johnson$202.0Kreported value+976 shares

Increased positions

PMPhilip Morris International Inc.$753.48Mreported value+35.3K shares+0.8%NFLXNetflix, Inc.$469.25Mreported value+4.49M shares+872.9%MLMMartin Marietta Materials Inc$452.43Mreported value+39.1K shares+5.7%UBERUber Technologies, Inc.$420.40Mreported value+434.2K shares

Reduced positions

GOOGAlphabet Inc.$1.23Breported value-718.7K shares-15.5%BRK.ABerkshire Hathaway Inc$1.12Breported value-53 shares-3.4%MAMastercard Inc$905.41Mreported value-34.3K shares-2.1%CFRCompagnie Financière Richemont SA$760.54Mreported value-101.9K shares

Exited positions

ROODeliveroo Plc$943.5Kprior reported value-390.0K shares-100.0%TFCTruist Financial Corp$427.7Kprior reported value-9.4K shares-100.0%FMXMexican Economic Development, Inc.$317.4Kprior reported value-3.2K shares-100.0%