Gardner Russo & Quinn 13F, Q3 2023
Thomas Russo · quarter ending 30 September 2023 · filed 14 November 2023 · SEC CIK 860643
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q3 2023
The 25 largest of 82 positions. Weights are against the whole filed book. Changes are in shares held, against the Q2 2023 filing.
| Company | Ticker | Value | % of book | vs Q2 2023 |
|---|---|---|---|---|
| Berkshire Hathaway Inc Cl A | BRK/A | $1.32B | 14.4% | unchanged |
| Alphabet Inc Cl C | GOOG | $1.07B | 11.6% | unchanged |
| Mastercard Inc Cl A | MA | $943.44M | 10.3% | unchanged |
| Nestle SA Sponsored ADR | NSRGY | $889.46M | 9.7% | unchanged |
| Compagnie Financiere Richemont | $618.04M | 6.7% | unchanged | |
| Heineken Holding NV | $597.89M | 6.5% | unchanged | |
| Philip Morris International In | PM | $577.73M | 6.3% | unchanged |
| Berkshire Hathaway Inc Cl B | BRK/B | $566.84M | 6.2% | unchanged |
| Pernod Ricard | $471.94M | 5.2% | unchanged | |
| Netflix Inc | NFLX | $438.57M | 4.8% | unchanged |
| Martin Marietta Materials | MLM | $393.55M | 4.3% | unchanged |
| Ashtead Group PLC | $326.13M | 3.6% | unchanged | |
| J.P. Morgan Chase | JPM | $304.31M | 3.3% | unchanged |
| Comcast Corp New Cl A | CMCSA | $156.43M | 1.7% | -2% shares |
| Brown-Forman Corp Cl A | BF/A | $136.87M | 1.5% | unchanged |
| Visa Inc Cl A | V | $76.21M | 0.8% | unchanged |
| Brown-Forman Corp Cl B | BF/B | $55.41M | 0.6% | unchanged |
| Anheuser-Busch InBev SA | $30.09M | 0.3% | -3% shares | |
| Wells Fargo | WFC | $29.68M | 0.3% | unchanged |
| Exxon Mobil Corp | XOM | $20.95M | 0.2% | unchanged |
| Cable One Inc | CABO | $15.19M | 0.2% | -72% shares |
| Markel Corp | MKL | $14.71M | 0.2% | unchanged |
| Altria Group Inc | MO | $13.89M | 0.1% | unchanged |
| Vulcan Materials | VMC | $10.73M | 0.1% | unchanged |
| Davide Campari-Milano NV | $9.52M | 0.1% | unchanged |
What changed since Q2 2023
Against the Q2 2023 filing, Gardner Russo & Quinn opened 1 new position, added to 3, trimmed 13, left 65 unchanged and exited 2. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- Burnham Hldgs Inc Cl A$122.1K
Exited
- Unilever PLCwas $2.29M
- LVMH Moet Hennessy Louis Vuittwas $211.7K
Other quarters
Source: SEC Form 13F-HR, accession 0000860643-23-000005, filed by GARDNER RUSSO & QUINN LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.