GARDNER RUSSO & GARDNER Information

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

Report Date: 03/31/2014

Position Statistics

Total Positions 113
New Positions 3
Increased Positions 46
Decreased Positions 37
Positions with Activity 83
Sold Out Positions 3
Total Mkt Value (in $ millions) 10,786

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

Sector Weighting

Basic Materials 0.27%
Capital Goods 2.49%
Conglomerates
Consumer Cyclical 6.97%
Consumer/Non-Cyclical 58.51%
Energy 0.33%
Financial 26.72%
Healthcare 0.08%
Services 4.51%
Technology 0.06%
Transportation 0.01%
Utilities 0%

37 DECREASED Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
MASTERCARD INC CL A 763,993 -6,214 (0.81) 9,827,537
SCRIPPS NETWORKS INTERACT INC CL A COM 114,768 -1,645 (1.41) 1,381,079
GRAHAM HLDGS CO COM 50,429 -1,917 (3.66) 73,068
EXXON MOBIL CORP COM 18,781 -3,207 (14.59) 180,151
CRANE CO COM 12,372 -145 (1.16) 170,552
MARKEL CORP COM 12,265 -130 (1.05) 18,927
SWEDISH MATCH CORP ORD 11,561 -159 (1.36) 341,362
MILLER HERMAN INC COM 10,731 -112 (1.03) 355,670
GOLDMAN SACHS GROUP INC COM 9,880 -195 (1.93) 55,875
CHEVRON CORP NEW COM 7,244 -1,426 (16.45) 54,107
DOVER CORP COM 7,043 -219 (3.02) 78,630
HORMEL FOODS CORP COM 5,490 -102 (1.83) 114,763
PEPSICO INC COM 4,096 -1,192 (22.54) 45,098
PRAXAIR INC COM 3,561 -311 (8.04) 27,150
MCCORMICK & CO INC COM NON VTG 3,129 -57 (1.79) 45,080
DANONE SPONSORED ADR 2,978 -47 (1.55) 195,400
MICROSOFT CORP COM 2,748 -22 (0.81) 61,244
INTERNATIONAL BUSINESS MACHS COM 2,636 -591 (18.32) 13,615
DEERE & CO COM 2,485 -131 (5.01) 28,415
DU PONT E I DE NEMOURS & CO COM 2,372 -477 (16.75) 36,291