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) 11,560

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 6.41%
Consumer/Non-Cyclical 57.78%
Energy 0.22%
Financial 28.37%
Healthcare 0.08%
Services 4.22%
Technology 0.05%
Transportation 0.03%
Utilities 0%

84 Activity 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 1,201,880 31,059 2.65 15,379,148
BERKSHIRE HATHAWAY INC DEL CL A 1,115,047 -4,848 (0.43) 5,060
MASTERCARD INC CL A 918,569 2,330 .25 9,982,281
PHILIP MORRIS INTL INC COM 819,044 -31,400 (3.69) 9,873,952
WELLS FARGO & CO NEW COM 811,447 -1,688 (0.21) 14,607,509
HEINEKEN HOLDINGS SHS 750,732 14,135 1.92 10,729,489
CIE FINANCIERE RICHEMONT AG ZU SHS NEW 697,289 59,094 9.26 7,914,743
SABMILLER PLC SHS 658,528 5,930 .91 11,667,753
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 652,523 6,393 .99 5,147,302
PERNOD RICARD ACT ORD 620,097 12,029 1.98 5,296,807
UNILEVER N V N Y SHS NEW 612,659 30,755 5.29 14,000,433
ALTRIA GROUP INC COM 392,334 -9,290 (2.31) 6,943,963
BERKSHIRE HATHAWAY INC DEL CL B NEW 360,213 -1,220 (0.34) 2,449,094
MARTIN MARIETTA MATLS INC COM 293,569 10,365 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 275,833 -4,065 (1.45) 4,646,790
BROWN FORMAN CORP CL A 259,381 -1,435 (0.55) 2,816,975
DIAGEO PLC ORD 252,558 394 .16 8,628,560
SCRIPPS NETWORKS INTERACT INC CL A COM 90,923 -1,716 (1.85) 1,255,149
GRAHAM HLDGS CO COM 59,205 -6,732 (10.21) 59,404