Gardner Russo & Gardner Buys Alphabet Inc, Danaher Corp, U.S. Bancorp, Sells Altria Group Inc, Danone SA, Swedish Match AB

• New Purchases: DHR, USB,
• Added Positions: GOOG, HEINY, EVF, DVDCF, DOW,
• Reduced Positions: MA, MO, NSRGY, BRK.A, CFRHF, PDRDF, PM, UN, BUDFF, HKHHF, MLM, BRK.B, SWGAF, BF.A, WFC, DGEAF, JCDXF, CMCSA, BF.B, FMX, DANOY, V, AXP, SWMAF, GOOGL, OUT, COTY, ABBV, SWGAY, PDRDY, AAPL, CFRUY, CVX, KO, CR, RBGPF, DEO, XOM, LRLCF, SWMAY, LVMHF, HINKF, MLHR, MRK, MSFT, BICEF, 4911, PNC, RHHVF, PEP, PG, RDS.A, VMC,
• Sold Out: GPDNF, PZCUF, HKHHY,

For the details of Tom Russo's stock buys and sells, go to https://www.gurufocus.com/guru/tom+russo/current-portfolio/portfolio

1. Mastercard Inc (MA) - 6,380,459 shares, 14.61% of the total portfolio. Shares reduced by 4.37%
2. Nestle SA (NSRGY) - 12,760,244 shares, 10.60% of the total portfolio. Shares reduced by 2.12%
3. Berkshire Hathaway Inc (BRK.A) - 3,850 shares, 10.03% of the total portfolio. Shares reduced by 1.94%
4. Heineken Holding NV (HKHHF) - 8,992,136 shares, 6.69% of the total portfolio. Shares reduced by 1.68%
5. Pernod Ricard SA (PDRDF) - 4,844,875 shares, 6.65% of the total portfolio. Shares reduced by 1.89%

Gardner Russo & Gardner initiated holding in U.S. Bancorp. The purchase prices were between $52.38 and $60.68, with an estimated average price of $57.94. The stock is now traded at around $54.93. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 3,514 shares as of .

Gardner Russo & Gardner initiated holding in Danaher Corp. The purchase prices were between $133.47 and $153.48, with an estimated average price of $142.78. The stock is now traded at around $163.69. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 1,333 shares as of .

Gardner Russo & Gardner added to a holding in Alphabet Inc by 22.50%. The purchase prices were between $1176.63 and $1361.17, with an estimated average price of $1293.04. The stock is now traded at around $1508.79. The impact to a portfolio due to this purchase was 0.59%. The holding were 312,829 shares as of .

Gardner Russo & Gardner added to a holding in Davide Campari-Milano SpA by 21.29%. The purchase prices were between $8.9 and $9.22, with an estimated average price of $9.07. The stock is now traded at around $9.83. The impact to a portfolio due to this purchase was less than 0.01%. The holding were 65,620 shares as of .

Gardner Russo & Gardner sold out a holding in PZ Cussons PLC. The sale prices were between $2.6 and $2.6, with an estimated average price of $2.6.

Gardner Russo & Gardner sold out a holding in Danone SA. The sale prices were between $80.91 and $86.54, with an estimated average price of $82.58.

Gardner Russo & Gardner sold out a holding in Heineken Holding NV. The sale prices were between $46.77 and $50.56, with an estimated average price of $48.39.

Gardner Russo & Gardner reduced to a holding in Altria Group Inc by 32.41%. The sale prices were between $40.21 and $51.55, with an estimated average price of $47.35. The stock is now traded at around $45.57. The impact to a portfolio due to this sale was -0.34%. Gardner Russo & Gardner still held 2,221,018 shares as of .

Gardner Russo & Gardner reduced to a holding in Danone SA by 32.74%. The sale prices were between $16.09 and $17.75, with an estimated average price of $16.56. The stock is now traded at around $16.02. The impact to a portfolio due to this sale was -0.02%. Gardner Russo & Gardner still held 334,718 shares as of .

Gardner Russo & Gardner reduced to a holding in Swedish Match AB by 25.98%. The sale prices were between $20.05 and $26.05, with an estimated average price of $23.26. The stock is now traded at around $29.06. The impact to a portfolio due to this sale was less than 0.01%. Gardner Russo & Gardner still held 12,325 shares as of .

Gardner Russo & Gardner reduced to a holding in Bic by 32.13%. The sale prices were between $66.9 and $70.8, with an estimated average price of $68.84. The stock is now traded at around $71.29. The impact to a portfolio due to this sale was less than 0.01%. Gardner Russo & Gardner still held 14,805 shares as of .