Gardner Russo & Quinn 13F, Q2 2024
Thomas Russo · quarter ending 30 June 2024 · filed 13 August 2024 · SEC CIK 860643
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2024
The 25 largest of 77 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2024 filing.
| Company | Ticker | Value | % of book | vs Q1 2024 |
|---|---|---|---|---|
| Berkshire Hathaway Inc Cl A | BRK/A | $1.29B | 13.7% | unchanged |
| Alphabet Inc Cl C | GOOG | $1.14B | 12.0% | -12% shares |
| Mastercard Inc Cl A | MA | $907.18M | 9.6% | -2% shares |
| Nestle SA Sponsored ADR | NSRGY | $743.85M | 7.9% | unchanged |
| Compagnie Financiere Richemont | $728.82M | 7.7% | unchanged | |
| Heineken Holding NV | $630.08M | 6.7% | +2% shares | |
| Berkshire Hathaway Inc Cl B | BRK/B | $565.58M | 6.0% | -5% shares |
| Philip Morris International In | PM | $553.91M | 5.8% | unchanged |
| Netflix Inc | NFLX | $527.80M | 5.6% | -11% shares |
| Pernod Ricard | $448.83M | 4.7% | +9% shares | |
| Martin Marietta Materials | MLM | $413.97M | 4.4% | -3% shares |
| Ashtead Group PLC | $337.73M | 3.6% | unchanged | |
| J.P. Morgan Chase | JPM | $301.94M | 3.2% | -13% shares |
| Uber Technologies Inc | UBER | $264.90M | 2.8% | +10% shares |
| Comcast Corp New Cl A | CMCSA | $120.02M | 1.3% | unchanged |
| Brown-Forman Corp Cl A | BF/A | $95.79M | 1.0% | unchanged |
| Doordash Inc Cl A | DASH | $77.93M | 0.8% | new |
| Visa Inc Cl A | V | $74.20M | 0.8% | -4% shares |
| Brown-Forman Corp Cl B | BF/B | $38.52M | 0.4% | unchanged |
| Wells Fargo | WFC | $28.43M | 0.3% | -29% shares |
| Anheuser-Busch InBev SA | $25.62M | 0.3% | -7% shares | |
| Exxon Mobil Corp | XOM | $20.78M | 0.2% | unchanged |
| Markel Corp | MKL | $15.16M | 0.2% | unchanged |
| Altria Group Inc | MO | $13.04M | 0.1% | -9% shares |
| Crane Company | CR | $9.41M | 0.1% | -3% shares |
What changed since Q1 2024
Against the Q1 2024 filing, Gardner Russo & Quinn opened 2 new positions, added to 8, trimmed 25, left 42 unchanged and exited 6. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Exited
- CABOwas $4.94M
- Unilever PLC ADRwas $761.2K
- LVMH Moet Hennessy Louis Vuittwas $504.2K
- LVMH Moet Hennessy Louis Vuittwas $201.9K
- Burnham Hldgs Inc Cl Awas $132.5K
- Danone ADRwas $130.1K
Added to
Other quarters
Source: SEC Form 13F-HR, accession 0000860643-24-000004, 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.