GARDNER RUSSO & GARDNER Information

223 EAST CHESTNUT STREET, LANCASTER, Pennsylvania, 17602, (717) 299-1385

Report Date: 12/31/2013

Position Statistics

Total Positions 113
New Positions 1
Increased Positions 30
Decreased Positions 50
Positions with Activity 80
Sold Out Positions 3
Total Mkt Value (in $ millions) 10,317

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

Sector Weighting

Basic Materials 0.29%
Capital Goods 2.43%
Conglomerates
Consumer Cyclical 7.08%
Consumer/Non-Cyclical 58.39%
Energy 0.37%
Financial 26.82%
Healthcare 0.08%
Services 4.4%
Technology 0.07%
Transportation 0.01%
Utilities 0%

113 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
DIAGEO P L C SPON ADR NEW 52,896 209 .40 413,704
GRAHAM HLDGS CO COM 50,283 -3,330 (6.21) 75,845
BROWN FORMAN CORP CL B 37,687 -239 (0.63) 424,931
SWATCH GROUP AG AKT 37,044 -97 (0.26) 58,870
VISA INC COM CL A 22,711 423 1.90 108,477
EXXON MOBIL CORP COM 21,079 -131 (0.62) 210,918
CRANE CO COM 12,213 -471 (3.71) 172,552
MARKEL CORP COM 11,791 -401 (3.29) 19,127
SWEDISH MATCH CORP ORD 11,309 -609 (5.11) 346,062
AMERICAN EXPRESS CO COM 11,064 -32 (0.29) 126,595
MILLER HERMAN INC COM 10,928 -611 (5.3) 359,370
FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS 10,414 -813 (7.25) 109,655
PROCTER & GAMBLE CO COM 10,121 -241 (2.32) 123,962
GOLDMAN SACHS GROUP INC COM 8,958 -94 (1.04) 56,975
COCA COLA CO COM 8,253 -140 (1.67) 203,323
CHEVRON CORP NEW COM 7,890 -86 (1.08) 64,761
DOVER CORP COM 6,744 -203 (2.93) 81,075
ROYAL DUTCH SHELL PLC SPONS ADR A 5,598 -452 (7.47) 74,915
HORMEL FOODS CORP COM 5,576 -293 (5) 116,900
PEPSICO INC COM 4,935 -85 (1.7) 58,221