GARDNER RUSSO & GARDNER LLC Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 111
New Positions 1
Increased Positions 42
Decreased Positions 38
Positions with Activity 80
Sold Out Positions 1
Total Mkt Value (in $ millions) 11,039

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 2.01%
Conglomerates
Consumer Cyclical 5.73%
Consumer/Non-Cyclical 59%
Energy 0.23%
Financial 28.35%
Healthcare 0.09%
Services 4.24%
Technology 0.05%
Transportation 0.02%
Utilities 0%

111 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
NESTLE S A SPONSORED ADR 1,153,593 22,547 1.99 14,981,721
BERKSHIRE HATHAWAY INC DEL CL A 1,118,030 2,200 .20 5,082
PHILIP MORRIS INTL INC COM 832,708 2,298 .28 10,252,495
MASTERCARD INC CL A 810,298 5,471 .68 9,956,963
WELLS FARGO & CO NEW COM 772,295 -415 (0.05) 14,637,898
HEINEKEN HOLDINGS SHS 687,865 10,477 1.55 10,527,476
PERNOD RICARD ACT ORD 639,128 30,134 4.95 5,194,053
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 629,311 7,353 1.18 5,096,871
SABMILLER PLC SHS 627,854 3,994 .64 11,562,694
CIE FINANCIERE RICHEMONT AG ZU SHS NEW 596,542 17,477 3.02 7,243,980
UNILEVER N V N Y SHS NEW 583,499 16,950 2.99 13,297,615
ALTRIA GROUP INC COM 386,625 -1,349 (0.35) 7,108,388
BERKSHIRE HATHAWAY INC DEL CL B NEW 359,492 3,691 1.04 2,457,392
BRITISH AMERICAN TOBACCO PLC ORD 275,589 2,967 1.09 4,815,888
DIAGEO PLC ORD 264,915 4,459 1.71 8,615,112
BROWN FORMAN CORP CL A 257,763 -1,359 (0.53) 2,832,558
COMCAST CORP NEW CL A SPL 252,597 -775 (0.31) 4,715,276
MARTIN MARIETTA MATLS INC COM 217,357 352 .16 1,975,609
SCRIPPS NETWORKS INTERACT INC CL A COM 92,587 -45 (0.05) 1,278,832
GRAHAM HLDGS CO COM 64,553 -2,072 (3.11) 66,159