GARDNER RUSSO & GARDNER LLC Information

223 EAST CHESTNUT STREET, LANCASTER, Pennsylvania, 17602, (717) 299-1385

Report Date: 12/31/2014

Position Statistics

Total Positions 112
New Positions 2
Increased Positions 32
Decreased Positions 52
Positions with Activity 84
Sold Out Positions 3
Total Mkt Value (in $ millions) 11,517

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.23%
Capital Goods 2.56%
Conglomerates
Consumer Cyclical 6.38%
Consumer/Non-Cyclical 57.93%
Energy 0.22%
Financial 28.18%
Healthcare 0.08%
Services 4.29%
Technology 0.05%
Transportation 0.03%
Utilities 0%

112 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
NESTLE S A SPONSORED ADR 1,202,880 31,085 2.65 15,379,148
BERKSHIRE HATHAWAY INC DEL CL A 1,101,117 -4,787 (0.43) 5,060
MASTERCARD INC CL A 915,475 2,322 .25 9,982,281
PHILIP MORRIS INTL INC COM 811,343 -31,105 (3.69) 9,873,952
WELLS FARGO & CO NEW COM 800,784 -1,666 (0.21) 14,607,509
HEINEKEN HOLDINGS SHS 754,820 14,212 1.92 10,729,489
CIE FINANCIERE RICHEMONT AG ZU SHS NEW 692,580 58,695 9.26 7,914,743
SABMILLER PLC SHS 659,228 5,936 .91 11,667,753
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 650,207 6,370 .99 5,147,302
PERNOD RICARD ACT ORD 628,201 12,187 1.98 5,296,807
UNILEVER N V N Y SHS NEW 608,459 30,544 5.29 14,000,433
ALTRIA GROUP INC COM 387,404 -9,173 (2.31) 6,943,963
BERKSHIRE HATHAWAY INC DEL CL B NEW 354,923 -1,203 (0.34) 2,449,094
MARTIN MARIETTA MATLS INC COM 292,504 10,328 3.66 2,047,918
BRITISH AMERICAN TOBACCO PLC ORD 286,043 4,313 1.53 4,889,618
COMCAST CORP NEW CL A SPL 278,343 -4,102 (1.45) 4,646,790
BROWN FORMAN CORP CL A 256,148 -1,417 (0.55) 2,816,975
DIAGEO PLC ORD 255,578 398 .16 8,628,560
SCRIPPS NETWORKS INTERACT INC CL A COM 92,417 -1,744 (1.85) 1,255,149
GRAHAM HLDGS CO COM 62,579 -7,116 (10.21) 59,404