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) 10,588

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 2.47%
Conglomerates
Consumer Cyclical 6.9%
Consumer/Non-Cyclical 58.08%
Energy 0.33%
Financial 27.11%
Healthcare 0.08%
Services 4.61%
Technology 0.07%
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 746,008 -6,068 (0.81) 9,827,537
SCRIPPS NETWORKS INTERACT INC CL A COM 114,643 -1,643 (1.41) 1,381,079
GRAHAM HLDGS CO COM 50,453 -1,917 (3.66) 73,068
EXXON MOBIL CORP COM 18,601 -3,177 (14.59) 180,151
CRANE CO COM 12,179 -143 (1.16) 170,552
MARKEL CORP COM 12,113 -128 (1.05) 18,927
SWEDISH MATCH CORP ORD 11,453 -158 (1.36) 341,362
MILLER HERMAN INC COM 10,442 -109 (1.03) 355,670
GOLDMAN SACHS GROUP INC COM 9,821 -193 (1.93) 55,875
CHEVRON CORP NEW COM 7,171 -1,412 (16.45) 54,107
DOVER CORP COM 6,862 -213 (3.02) 78,630
HORMEL FOODS CORP COM 5,308 -99 (1.83) 114,763
PEPSICO INC COM 4,010 -1,167 (22.54) 45,098
PRAXAIR INC COM 3,508 -307 (8.04) 27,150
MCCORMICK & CO INC COM NON VTG 3,037 -55 (1.79) 45,080
DANONE SPONSORED ADR 2,877 -45 (1.55) 195,400
MICROSOFT CORP COM 2,669 -22 (0.81) 61,244
INTERNATIONAL BUSINESS MACHS COM 2,641 -592 (18.32) 13,615
DEERE & CO COM 2,427 -128 (5.01) 28,415
DU PONT E I DE NEMOURS & CO COM 2,373 -477 (16.75) 36,291