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) 11,382

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

Sector Weighting

Basic Materials 0.22%
Capital Goods 2.66%
Conglomerates
Consumer Cyclical 6.6%
Consumer/Non-Cyclical 57.3%
Energy 0.22%
Financial 28.55%
Healthcare 0.09%
Services 4.21%
Technology 0.05%
Transportation 0.02%
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 1,194,345 30,864 2.65 15,379,148
BERKSHIRE HATHAWAY INC DEL CL A 1,103,080 -4,796 (0.43) 5,060
MASTERCARD INC CL A 906,191 2,298 .25 9,982,281
PHILIP MORRIS INTL INC COM 817,662 -31,347 (3.69) 9,873,952
WELLS FARGO & CO NEW COM 813,930 -1,693 (0.21) 14,607,509
HEINEKEN HOLDINGS SHS 745,056 14,028 1.92 10,729,489
CIE FINANCIERE RICHEMONT AG ZU SHS NEW 709,161 60,100 9.26 7,914,743
PERNOD RICARD ACT ORD 660,141 12,806 1.98 5,296,807
SABMILLER PLC SHS 612,557 5,516 .91 11,667,753
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 603,264 5,911 .99 5,147,302
UNILEVER N V N Y SHS NEW 599,919 30,116 5.29 14,000,433
BERKSHIRE HATHAWAY INC DEL CL B NEW 354,041 -1,200 (0.34) 2,449,094
ALTRIA GROUP INC COM 349,629 -8,279 (2.31) 6,943,963
MARTIN MARIETTA MATLS INC COM 300,798 10,621 3.66 2,047,918
BRITISH AMERICAN TOBACCO PLC ORD 274,552 4,140 1.53 4,889,618
COMCAST CORP NEW CL A SPL 268,584 -3,958 (1.45) 4,646,790
BROWN FORMAN CORP CL A 263,134 -1,456 (0.55) 2,816,975
DIAGEO PLC ORD 233,834 364 .16 8,628,560
SCRIPPS NETWORKS INTERACT INC CL A COM 88,777 -1,675 (1.85) 1,255,149
GRAHAM HLDGS CO COM 58,394 -6,640 (10.21) 59,404