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) 11,538

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 2.55%
Conglomerates
Consumer Cyclical 6.52%
Consumer/Non-Cyclical 57.87%
Energy 0.22%
Financial 28.19%
Healthcare 0.08%
Services 4.2%
Technology 0.05%
Transportation 0.03%
Utilities 0%

52 DECREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
BERKSHIRE HATHAWAY INC DEL CL A 1,119,171 -4,866 (0.43) 5,060
PHILIP MORRIS INTL INC COM 819,143 -31,404 (3.69) 9,873,952
WELLS FARGO & CO NEW COM 800,345 -1,665 (0.21) 14,607,509
ALTRIA GROUP INC COM 390,876 -9,255 (2.31) 6,943,963
BERKSHIRE HATHAWAY INC DEL CL B NEW 361,021 -1,223 (0.34) 2,449,094
COMCAST CORP NEW CL A SPL 273,905 -4,037 (1.45) 4,646,790
BROWN FORMAN CORP CL A 259,584 -1,436 (0.55) 2,816,975
SCRIPPS NETWORKS INTERACT INC CL A COM 90,747 -1,712 (1.85) 1,255,149
GRAHAM HLDGS CO COM 58,595 -6,663 (10.21) 59,404
BROWN FORMAN CORP CL B 39,138 -562 (1.42) 426,850
MARKEL CORP COM 12,315 -1,062 (7.94) 16,521
CRANE CO COM 11,238 -33 (0.3) 168,152
AMERICAN EXPRESS CO COM 10,443 -44 (0.42) 127,999
MILLER HERMAN INC COM 10,319 -379 (3.55) 333,204
SWEDISH MATCH CORP ORD 10,310 -295 (2.78) 328,024
FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS 10,263 -162 (1.56) 107,740
PROCTER & GAMBLE CO COM 9,572 -687 (6.69) 112,437
COCA COLA CO COM 8,832 -53 (0.6) 203,967
HORMEL FOODS CORP COM 6,281 -216 (3.33) 107,357
DOVER CORP COM 5,458 -47 (0.85) 75,756