Gardner Russo & Gardner Buys Brown-Forman, Sells P&G, BP

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HFA Staff
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Gardner Russo & Gardner is continuing to grow substantially, according to the firm’s most recent 13-F filing. The document, which shows the fund’s long positions at the end of the third quarter, shows that the fund’s long portfolio has $9,412,923,000, up from $8,569,202,000 at the end of the second quarter. Nestle SA (VTX:NESN) (ETR:NESR) is still the company’s top holding, worth $984,818,000 at the end of the third quarter. The second-largest holding in the portfolio are its class A shares of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), which were worth $844,041,000 on September 30. The rest of the top five is…


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