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) 11,122

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

Sector Weighting

Basic Materials 0.25%
Capital Goods 2.31%
Conglomerates
Consumer Cyclical 6.25%
Consumer/Non-Cyclical 57.54%
Energy 0.25%
Financial 28.88%
Healthcare 0.09%
Services 4.3%
Technology 0.05%
Transportation 0.02%
Utilities 0%

80 Activity Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BERKSHIRE HATHAWAY INC DEL CL A 1,126,806 2,217 .20 5,082
NESTLE S A SPONSORED ADR 1,113,217 21,758 1.99 14,981,721
PHILIP MORRIS INTL INC COM 884,790 2,442 .28 10,252,495
MASTERCARD INC CL A 859,684 5,805 .68 9,956,963
WELLS FARGO & CO NEW COM 788,690 -424 (0.05) 14,637,898
HEINEKEN HOLDINGS SHS 711,078 10,831 1.55 10,527,476
CIE FINANCIERE RICHEMONT AG ZU SHS NEW 653,045 19,132 3.02 7,243,980
SABMILLER PLC SHS 638,261 4,061 .64 11,562,694
PERNOD RICARD ACT ORD 603,549 28,457 4.95 5,194,053
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 586,548 6,853 1.18 5,096,871
UNILEVER N V N Y SHS NEW 529,245 15,374 2.99 13,297,615
BERKSHIRE HATHAWAY INC DEL CL B NEW 363,227 3,730 1.04 2,457,392
ALTRIA GROUP INC COM 351,581 -1,227 (0.35) 7,108,388
BRITISH AMERICAN TOBACCO PLC ORD 280,044 3,015 1.09 4,815,888
BROWN FORMAN CORP CL A 268,215 -1,414 (0.53) 2,832,558
COMCAST CORP NEW CL A SPL 265,800 -816 (0.31) 4,715,276
DIAGEO PLC ORD 256,386 4,315 1.71 8,615,112
MARTIN MARIETTA MATLS INC COM 251,594 407 .16 1,975,609
SCRIPPS NETWORKS INTERACT INC CL A COM 99,672 -49 (0.05) 1,278,832
GRAHAM HLDGS CO COM 57,690 -1,852 (3.11) 66,159