GARDNER RUSSO & GARDNER LLC

Q1 2020 13F-HR Holdings

Location
Lancaster, PA
Holdings as of
3/31/2020
Date filed
5/13/2020
Form type
13F-HR
Num holdings
84
Total value ($000)
$9,890,850
Net value change ($000)
-3,145,854 (-24.1%)
New positions
1
Sold out positions
10
Turnover %
0.0%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2019
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
JPM 343,722 23754.1%
GOOGL 39,634 9.5%
Davide Campari-Milano SPA 1,877 312.8%
LVMH Moet Hennessy Louis Vuitton SE 794 313.8%
Swedish Match AB 346 3.4%
Cofide SPA 115 NEW
L OREAL SA ISIN #FR0000120321 SEDOL #4057808 61 4.2%
HRL 10 0.1%
Top Reduces (Value $000, Stocks/ETFs)
WFC -637,074 -93.7%
MA -461,203 -24.2%
Compagnie Financiere Richemont -339,759 -42.6%
BRK-B -280,078 -21.4%
Anheuser-Busch InBev SA -267,866 -43.3%
Heineken Holding NV -194,427 -22.3%
Pernod Ricard -190,947 -22.0%
MLM -159,629 -33.8%
PM -131,180 -17.4%
BRK-B -111,326 -22.3%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type