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%

32 INCREASED Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
NESTLE S A SPONSORED ADR 1,201,804 31,057 2.65 15,379,148
MASTERCARD INC CL A 899,703 2,282 .25 9,982,281
HEINEKEN HOLDINGS SHS 743,875 14,006 1.92 10,729,489
CIE FINANCIERE RICHEMONT AG ZU SHS NEW 709,113 60,096 9.26 7,914,743
SABMILLER PLC SHS 662,612 5,966 .91 11,667,753
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 651,957 6,388 .99 5,147,302
PERNOD RICARD ACT ORD 622,693 12,080 1.98 5,296,807
UNILEVER N V N Y SHS NEW 608,599 30,551 5.29 14,000,433
MARTIN MARIETTA MATLS INC COM 291,480 10,292 3.66 2,047,918
BRITISH AMERICAN TOBACCO PLC ORD 286,043 4,313 1.53 4,889,618
DIAGEO PLC ORD 256,268 399 .16 8,628,560
JC DECAUX S A ACT 55,200 73 .13 1,473,971
DIAGEO P L C SPON ADR NEW 51,492 209 .41 433,253
SWATCH GROUP AG AKT 32,844 4,235 14.80 72,971
VISA INC COM CL A 31,099 491 1.60 114,624
EXXON MOBIL CORP COM 14,345 141 .99 162,014
PRECISION CASTPARTS CORP COM 5,340 2 .04 24,690
NESTLE S A SHS NOM NEW 3,998 779 24.21 51,310
M & T BK CORP WT EXP 122318 2,921 451 18.27 61,500
DU PONT E I DE NEMOURS & CO COM 2,791 180 6.91 35,852