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) 11,464

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

Sector Weighting

Basic Materials 0.22%
Capital Goods 2.5%
Conglomerates
Consumer Cyclical 6.53%
Consumer/Non-Cyclical 58.08%
Energy 0.22%
Financial 28%
Healthcare 0.09%
Services 4.23%
Technology 0.06%
Transportation 0.02%
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 1,201,727 31,055 2.65 15,379,148
MASTERCARD INC CL A 905,593 2,297 .25 9,982,281
HEINEKEN HOLDINGS SHS 761,794 14,343 1.92 10,729,489
CIE FINANCIERE RICHEMONT AG ZU SHS NEW 705,362 59,778 9.26 7,914,743
PERNOD RICARD ACT ORD 667,557 12,950 1.98 5,296,807
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 636,824 6,239 .99 5,147,302
SABMILLER PLC SHS 626,558 5,642 .91 11,667,753
UNILEVER N V N Y SHS NEW 625,819 31,416 5.29 14,000,433
MARTIN MARIETTA MATLS INC COM 283,698 10,017 3.66 2,047,918
BRITISH AMERICAN TOBACCO PLC ORD 279,686 4,217 1.53 4,889,618
DIAGEO PLC ORD 246,432 384 .16 8,628,560
JC DECAUX S A ACT 52,768 70 .13 1,473,971
DIAGEO P L C SPON ADR NEW 49,114 200 .41 433,253
SWATCH GROUP AG AKT 33,019 4,257 14.80 72,971
VISA INC COM CL A 30,939 488 1.60 458,496
EXXON MOBIL CORP COM 14,090 138 .99 162,014
PRECISION CASTPARTS CORP COM 4,951 2 .04 24,690
NESTLE S A SHS NOM NEW 4,004 780 24.21 51,310
M & T BK CORP WT EXP 122318 2,979 460 18.27 61,500
RECKITT BENCKISER GROUP PLC SHS 2,757 2 .09 30,402