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) 10,753

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 2.45%
Conglomerates
Consumer Cyclical 7.01%
Consumer/Non-Cyclical 58.55%
Energy 0.32%
Financial 26.67%
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 741,684 -6,033 (0.81) 9,827,537
SCRIPPS NETWORKS INTERACT INC CL A COM 111,536 -1,598 (1.41) 1,381,079
GRAHAM HLDGS CO COM 52,938 -2,012 (3.66) 73,068
EXXON MOBIL CORP COM 18,478 -3,156 (14.59) 180,151
MARKEL CORP COM 12,247 -129 (1.05) 18,927
CRANE CO COM 12,177 -143 (1.16) 170,552
SWEDISH MATCH CORP ORD 11,524 -159 (1.36) 341,362
MILLER HERMAN INC COM 10,670 -111 (1.03) 355,670
GOLDMAN SACHS GROUP INC COM 9,131 -180 (1.93) 55,875
CHEVRON CORP NEW COM 7,047 -1,388 (16.45) 54,107
DOVER CORP COM 6,955 -216 (3.02) 78,630
HORMEL FOODS CORP COM 5,590 -104 (1.83) 114,763
PEPSICO INC COM 4,063 -1,182 (22.54) 45,098
PRAXAIR INC COM 3,580 -313 (8.04) 27,150
MCCORMICK & CO INC COM NON VTG 3,175 -58 (1.79) 45,080
DANONE SPONSORED ADR 2,865 -45 (1.55) 195,400
INTERNATIONAL BUSINESS MACHS COM 2,556 -573 (18.32) 13,615
MICROSOFT CORP COM 2,553 -21 (0.81) 61,244
DEERE & CO COM 2,504 -132 (5.01) 28,415
DU PONT E I DE NEMOURS & CO COM 2,357 -474 (16.75) 36,291