GARDNER RUSSO & QUINN LLC

PrivateCIK: 860643

Location

LANCASTER, PA

Positions

$8.93B

Total AUM (reported)

67.19M

Total Shares

Allocation by class

COM$8.93B100.0%

Portfolio Concentration

Top 3$2.97B33.3%

4–10$4.17B46.7%

11–25$1.71B19.1%

Rest$81.31M0.9%

Top 3 weight

33.3%

Top 10 weight

80.0%

Voting Authority Distribution

Total shares with voting rights: 67.19M

Sole

Full voting authority

65.31M

% of voting shares97.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

1.89M

% of voting shares2.8%

Investment Discretion (by position count)

Sole85

Shared0

Other0

Dominant voting typeSole · 97.2% of voting shares

Institutional Holdings85

Rows:

Alphabet Inc Cl C

SOLE

COM

Shares3.05M

TypeSH

Market value$1.08B

12.07%

Sole

2.96M

Shared

0.00

None

87.33K

Berkshire Hathaway Inc Cl A

SOLE

COM

Shares1.43K

TypeSH

Market value$1.07B

12.01%

Sole

1.35K

Shared

0.00

None

84.00

Philip Morris International In

SOLE

COM

Shares4.53M

TypeSH

Market value$819.68M

9.18%

Sole

4.38M

Shared

0.00

None

155.04K

Mastercard Inc Cl A

SOLE

COM

Shares1.52M

TypeSH

Market value$781.90M

8.76%

Sole

1.45M

Shared

0.00

None

67.66K

Compagnie Financiere Richemont

SOLE

COM

Shares3.35M

TypeSH

Market value$773.66M

8.67%

Sole

3.23M

Shared

0.00

None

115.55K

Heineken Holding NV

SOLE

COM

Shares8.91M

TypeSH

Market value$679.64M

7.61%

Sole

8.66M

Shared

0.00

None

245.06K

Nestle SA Sponsored ADR

SOLE

COM

Shares5.31M

TypeSH

Market value$545.79M

6.11%

Sole

5.13M

Shared

0.00

None

189.10K

Berkshire Hathaway Inc Cl B

SOLE

COM

Shares1.08M

TypeSH

Market value$540.10M

6.05%

Sole

1.04M

Shared

0.00

None

44.21K

Sunbelt Rentals Holdings Inc

SOLE

COM

Shares5.90M

TypeSH

Market value$441.22M

4.94%

Sole

5.74M

Shared

0.00

None

162.08K

Netflix Inc

SOLE

COM

Shares5.71M

TypeSH

Market value$407.70M

4.57%

Sole

5.55M

Shared

0.00

None

155.37K

Martin Marietta Materials

SOLE

COM

Shares705.37K

TypeSH

Market value$406.78M

4.56%

Sole

670.80K

Shared

0.00

None

34.56K

Uber Technologies Inc

SOLE

COM

Shares5.08M

TypeSH

Market value$366.86M

4.11%

Sole

4.93M

Shared

0.00

None

157.17K

Eurofins Scientific

SOLE

COM

Shares4.09M

TypeSH

Market value$320.91M

3.60%

Sole

3.98M

Shared

0.00

None

116.92K

Doordash Inc Cl A

SOLE

COM

Shares1.19M

TypeSH

Market value$218.87M

2.45%

Sole

1.16M

Shared

0.00

None

30.74K

Pernod Ricard

SOLE

COM

Shares2.35M

TypeSH

Market value$171.68M

1.92%

Sole

2.30M

Shared

0.00

None

56.14K

Comcast Corp New Cl A

SOLE

COM

Shares2.19M

TypeSH

Market value$53.85M

0.60%

Sole

2.10M

Shared

0.00

None

94.88K

Brown-Forman Corp Cl A

SOLE

COM

Shares1.60M

TypeSH

Market value$43.72M

0.49%

Sole

1.57M

Shared

0.00

None

30.19K

Visa Inc Cl A

SOLE

COM

Shares87.26K

TypeSH

Market value$29.94M

0.34%

Sole

78.10K

Shared

0.00

None

9.15K

Exxon Mobil Corp

SOLE

COM

Shares181.20K

TypeSH

Market value$24.77M

0.28%

Sole

179.60K

Shared

0.00

None

1.60K

Brown-Forman Corp Cl B

SOLE

COM

Shares639.28K

TypeSH

Market value$17.04M

0.19%

Sole

589.13K

Shared

0.00

None

50.16K

Anheuser-Busch InBev SA

SOLE

COM

Shares171.29K

TypeSH

Market value$14.23M

0.16%

Sole

160.19K

Shared

0.00

None

11.11K

Altria Group Inc

SOLE

COM

Shares148.60K

TypeSH

Market value$10.69M

0.12%

Sole

148.60K

Shared

0.00

None

0.00

Crane Company

SOLE

COM

Shares43.94K

TypeSH

Market value$9.80M

0.11%

Sole

40.23K

Shared

0.00

None

3.70K

Markel Corp

SOLE

COM

Shares4.26K

TypeSH

Market value$8.33M

0.09%

Sole

3.54K

Shared

0.00

None

725.00

J.P. Morgan Chase

SOLE

COM

Shares24.72K

TypeSH

Market value$8.09M

0.09%

Sole

23.83K

Shared

0.00

None

891.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Alphabet Inc Cl CSOLE	COM	3.05M	SH	$1.08B 12.07%	2.96M	87.33K
Berkshire Hathaway Inc Cl ASOLE	COM	1.43K	SH	$1.07B 12.01%	1.35K	84.00
Philip Morris International InSOLE	COM	4.53M	SH	$819.68M 9.18%	4.38M	155.04K
Mastercard Inc Cl ASOLE	COM	1.52M	SH	$781.90M 8.76%	1.45M	67.66K
Compagnie Financiere RichemontSOLE	COM	3.35M	SH	$773.66M 8.67%	3.23M	115.55K
Heineken Holding NVSOLE	COM	8.91M	SH	$679.64M 7.61%	8.66M	245.06K
Nestle SA Sponsored ADRSOLE	COM	5.31M	SH	$545.79M 6.11%	5.13M	189.10K
Berkshire Hathaway Inc Cl BSOLE	COM	1.08M	SH	$540.10M 6.05%	1.04M	44.21K
Sunbelt Rentals Holdings IncSOLE	COM	5.90M	SH	$441.22M 4.94%	5.74M	162.08K
Netflix IncSOLE	COM	5.71M	SH	$407.70M 4.57%	5.55M	155.37K
Martin Marietta MaterialsSOLE	COM	705.37K	SH	$406.78M 4.56%	670.80K	34.56K
Uber Technologies IncSOLE	COM	5.08M	SH	$366.86M 4.11%	4.93M	157.17K
Eurofins ScientificSOLE	COM	4.09M	SH	$320.91M 3.60%	3.98M	116.92K
Doordash Inc Cl ASOLE	COM	1.19M	SH	$218.87M 2.45%	1.16M	30.74K
Pernod RicardSOLE	COM	2.35M	SH	$171.68M 1.92%	2.30M	56.14K
Comcast Corp New Cl ASOLE	COM	2.19M	SH	$53.85M 0.60%	2.10M	94.88K
Brown-Forman Corp Cl ASOLE	COM	1.60M	SH	$43.72M 0.49%	1.57M	30.19K
Visa Inc Cl ASOLE	COM	87.26K	SH	$29.94M 0.34%	78.10K	9.15K
Exxon Mobil CorpSOLE	COM	181.20K	SH	$24.77M 0.28%	179.60K	1.60K
Brown-Forman Corp Cl BSOLE	COM	639.28K	SH	$17.04M 0.19%	589.13K	50.16K
Anheuser-Busch InBev SASOLE	COM	171.29K	SH	$14.23M 0.16%	160.19K	11.11K
Altria Group IncSOLE	COM	148.60K	SH	$10.69M 0.12%	148.60K	0.00
Crane CompanySOLE	COM	43.94K	SH	$9.80M 0.11%	40.23K	3.70K
Markel CorpSOLE	COM	4.26K	SH	$8.33M 0.09%	3.54K	725.00
J.P. Morgan ChaseSOLE	COM	24.72K	SH	$8.09M 0.09%	23.83K	891.00

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