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Institutional Investment Manager
GARDNER RUSSO & QUINN LLC
GARDNER RUSSO & QUINN LLC (CIK: 0000860643) incorporated in Delaware, located at 223 East Chestnut Street, Lancaster, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Portfolio Summary: 110 holdings with a total value of $10,981,013,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 BERKSHIRE HATHAWAY INC DEL 5,060 1,143,560,000 10.41%
2 NESTLE SA SPONSORED ADR REPSTG 15,379,148 1,129,079,000 10.28%
3 MASTERCARD INCORPORATED 9,982,281 860,073,000 7.83%
4 PHILIP MORRIS INTL INC 9,873,952 804,233,000 7.32%
5 WELLS FARGO & CO NEW 14,607,509 800,784,000 7.29%
6 Compagnie Financiere Richemont 7,914,743 710,970,000 6.47%
7 HEINEKEN HLDG NV ORDF 10,729,489 674,220,000 6.14%
8 SABMiller plc ORD - London Sha 11,667,753 611,469,000 5.57%
9 Pernod Ricard 5,296,807 591,333,000 5.39%
10 ANHEUSER BUSCH INBEV SA/NV 5,147,302 578,145,000 5.26%
11 UNILEVER N V 14,000,433 546,577,000 4.98%
12 BERKSHIRE HATHAWAY INC DEL 2,449,094 367,731,000 3.35%
13 ALTRIA GROUP INC 6,943,963 342,129,000 3.12%
14 COMCAST CORP CL A SPL 4,646,790 267,492,000 2.44%
15 British American Tobacco PLC 4,889,618 266,846,000 2.43%
16 Diageo PLC 8,628,560 248,700,000 2.26%
17 BROWN FORMAN CORP 2,816,975 247,218,000 2.25%
18 MARTIN MARIETTA MATLS INC 2,047,918 225,926,000 2.06%
19 SCRIPPS NETWORKS INTERACT IN 1,255,149 94,475,000 0.86%
20 GRAHAM HLDGS CO COM 59,404 51,308,000 0.47%
21 JC Decaux SA ACT 1,473,971 50,948,000 0.46%
22 DIAGEO P L C 433,253 49,430,000 0.45%
23 BROWN FORMAN CORP CL B 426,850 37,494,000 0.34%
24 The Swatch Group AG-BR 72,971 32,789,000 0.30%
25 VISA INC CL A COMMON STOCK 114,624 30,054,000 0.27%
26 Exxon Mobil Corp 162,014 14,978,000 0.14%
27 AMERICAN EXPRESS CO 127,999 11,909,000 0.11%
28 MARKEL CORP 16,521 11,281,000 0.10%
29 Swedish Match AB 328,024 10,361,000 0.09%
30 PROCTER AND GAMBLE CO 112,437 10,242,000 0.09%
31 CRANE COMPANY 168,152 9,871,000 0.09%
32 MILLER HERMAN INC 333,204 9,806,000 0.09%
33 FOMENTO ECONOMICO MEXICANO S 107,740 9,484,000 0.09%
34 COCA COLA CO 203,967 8,611,000 0.08%
35 PRECISION CASTPARTS 24,690 5,947,000 0.05%
36 ABBVIE INC 86,718 5,675,000 0.05%
37 HORMEL FOODS CORP 107,357 5,593,000 0.05%
38 DOVER CORP 75,756 5,433,000 0.05%
39 CHEVRON CORP NEW 44,630 5,007,000 0.05%
40 ROYAL DUTCH SHELL PLC 70,045 4,690,000 0.04%
41 PEPSICO INC 42,264 3,997,000 0.04%
42 ABBOTT LABS 85,400 3,845,000 0.04%
43 WELLS FARGO & CO NEW 177,750 3,797,000 0.03%
44 Nestle SA Nom 51,310 3,786,000 0.03%
45 JPMORGAN CHASE & CO 180,750 3,760,000 0.03%
46 Heineken NV 51,991 3,709,000 0.03%
47 Goldman Sachs Group Inc 18,868 3,657,000 0.03%
48 M&T Bank Corp Wts Exp 12/23/1 61,500 3,178,000 0.03%
49 MCCORMICK & CO INC 42,755 3,177,000 0.03%
50 MICROSOFT CORP 59,550 2,766,000 0.03%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000860643-15-000001, filed 2015.02.12).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.