13F-HR 1 d719782_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for the Calendar Year or Quarter Ended September 30, 2006 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: Gardner Russo & Gardner Address: 223 East Chestnut Street Lancaster, PA 17602 13F File Number: 28-2635 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Diana Crumay Title: Head Account Administrator Phone: (717) 299-1385 Signature, Place and Date of Signing: /s/ Diana Crumay Lancaster, PA November 14, 2006 ----------------------- -------------------------- ---------------------- [Signature] [City, State] [Date] Report Type: (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting managers(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: None. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 451 Form 13F Information Table Value Total: 4,278,918 (in thousands) List of Other Included Managers: None Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] FORM 13F INFORMATION TABLE

Item 1: Item 2: Item 3: Item 4: Item 5: Item 6: Item 7: Item 8: TITLE OF VALUE SHRS OR SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (x1000) PRN AMT PRN CALL DISCRTN MNGRS SOLE SHARED NONE 21ST CENTY INS GROUP COM 90130N103 553 37,000 SH SOLE NONE 0 0 37,000 3I GROUP PLC COM G88473114 148 8,461 SH SOLE NONE 0 0 8,461 3M CO COM 88579Y101 57 760 SH SOLE NONE 0 0 760 ABBOTT LABS COM 002824100 20,460 421,327 SH SOLE NONE 407,761 0 13,566 ACCO BRANDS CORP COM 00081T108 1 47 SH SOLE NONE 47 0 0 ACE LTD ORD G0070K103 137 2,500 SH SOLE NONE 2,500 0 0 ACNB CORP COM 000868109 16 800 SH SOLE NONE 300 0 500 AES CORP COM 00130H105 1,101 54,000 SH SOLE NONE 26,000 0 28,000 AES TR III PFD CV 6.75% 00808N202 318 6,500 SH SOLE NONE 0 0 6,500 AGERE SYS INC COM 00845V308 1 49 SH SOLE NONE 49 0 0 ALCOA INC COM 013817101 200 7,136 SH SOLE NONE 6,224 0 912 ALLEGHANY CORP DEL COM 017175100 276 954 SH SOLE NONE 635 0 319 ALLIANCE ONE INTL INC COM 018772103 84 20,500 SH SOLE NONE 20,500 0 0 ALLSTATE CORP COM 020002101 260 4,150 SH SOLE NONE 4,150 0 0 ALTADIS SA COM A011040 6,036 127,225 SH SOLE NONE 85,850 0 41,375 ALTRIA GROUP INC COM 02209S103 323,006 4,219,545 SH SOLE NONE 3,822,023 0 397,522 AMBAC FINL GROUP INC COM 023139108 25 300 SH SOLE NONE 0 0 300 AMERICA MOVIL S A DE C V SPON ADR L SHS 02364W105 52 1,323 SH SOLE NONE 1,323 0 0 AMERICAN EXPRESS CO COM 025816109 2,338 41,698 SH SOLE NONE 39,598 0 2,100 AMERICAN INTL GROUP INC COM 026874107 161,600 2,438,882 SH SOLE NONE 2,194,447 0 244,435 AMERICAN ITALIAN PASTA CO CL A 027070101 4 500 SH SOLE NONE 0 0 500 AMERICAN OIL & GAS INC NEW COM 028723104 92 18,040 SH SOLE NONE 0 0 18,040 AMERICAN SATELLITE NETWORK 06/ COM 02937P116 0 42,205 SH SOLE NONE 40,131 0 2,074 AMERICAN TOWER CORP CL A 029912201 3,230 88,500 SH SOLE NONE 86,000 0 2,500 AMERICAN WOODMARK CORP COM 030506109 34 1,000 SH SOLE NONE 0 0 1,000 AMERIPRISE FINL INC COM 03076C106 73 1,563 SH SOLE NONE 1,563 0 0 AMGEN INC COM 031162100 200 2,790 SH SOLE NONE 2,790 0 0 AMSOUTH BANCORPORATION COM 032165102 29 1,000 SH SOLE NONE 1,000 0 0 ANADARKO PETE CORP COM 032511107 65 1,472 SH SOLE NONE 1,472 0 0 ANGLO AMERICAN PLC COM G03764100 522 12,500 SH SOLE NONE 5,000 0 7,500 ANHEUSER BUSCH COS INC COM 035229103 7,936 167,030 SH SOLE NONE 137,180 0 29,850 AON CORP COM 037389103 14 400 SH SOLE NONE 400 0 0 A P MOLLER-MAERSK A/S COM K0514G135 593 71 SH SOLE NONE 0 0 71 APPLE COMPUTER INC COM 037833100 2 25 SH SOLE NONE 25 0 0 APPLERA CORP COM CE GEN GRP 038020202 8 600 SH SOLE NONE 0 0 600 APPLIED MATLS INC COM 038222105 14 800 SH SOLE NONE 0 0 800 APTARGROUP INC COM 038336103 1,117 21,959 SH SOLE NONE 11,959 0 10,000 AQUILA INC COM 03840P102 43 10,000 SH SOLE NONE 10,000 0 0 ARCTIC CAT INC COM 039670104 185 11,150 SH SOLE NONE 2,650 0 8,500 AREVA-CI COM F84742109 18 30 SH SOLE NONE 30 0 0 ARIEL FD CALV ARIEL APP MUTUAL 040337206 4 88 SH SOLE NONE 88 0 0 ARIEL FD SH BEN INT MUTUAL 040337107 6 120 SH SOLE NONE 120 0 0 ARKEMA ORD COM B0Z5YZ2 4 75 SH SOLE NONE 75 0 0 ARKEMA SPON ADR COM 041232109 6 134 SH SOLE NONE 134 0 0 ARMSTRONG HOLDINGS COM 042384107 33 200,000 SH SOLE NONE 0 0 200,000 ASTROPOWER INC COM 04644A101 0 150 SH SOLE NONE 150 0 0 AT&T INC COM 00206R102 150 4,617 SH SOLE NONE 4,539 0 78 AUTOMATIC DATA PROCESSING IN COM 053015103 871 18,400 SH SOLE NONE 18,400 0 0 AVERY DENNISON CORP COM 053611109 12 200 SH SOLE NONE 200 0 0 AVISHUSET DAGBLADET NOK20 COM R50065102 12,268 116,554 SH SOLE NONE 101,155 0 15,399 AVISHUSET DAGBLADET PFD PREFERR 5326057 412 3,939 SH SOLE NONE 939 0 3,000 AVON PRODS INC COM 054303102 18 585 SH SOLE NONE 585 0 0 BAKER HUGHES INC COM 057224107 7 100 SH SOLE NONE 0 0 100 BANK OF AMERICA CORPORATION COM 060505104 5,423 101,230 SH SOLE NONE 100,000 0 1,230 BARRICK GOLD CORP COM 067901108 5 165 SH SOLE NONE 165 0 0 BARRY CALLEBAUT AG COM H05072105 143 300 SH SOLE NONE 100 0 200 BAYERISCHE MOTOREN WERKE AG COM D12096109 40 750 SH SOLE NONE 500 0 250 BB&T CORP COM 054937107 470 10,745 SH SOLE NONE 10,745 0 0 BELLSOUTH CORP COM 079860102 228 5,332 SH SOLE NONE 4,832 0 500 BELO CORP COM SER A 080555105 142 9,000 SH SOLE NONE 9,000 0 0 BENFIELD GROUP LTD COM G0985D103 2,804 409,400 SH SOLE NONE 353,400 0 56,000 BERKSHIRE HATHAWAY INC DEL CL A 084670108 324,570 3,388 SH SOLE NONE 2,921 0 467 BERKSHIRE HATHAWAY INC DEL CL B 084670207 68,400 21,550 SH SOLE NONE 18,903 0 2,647 BIC COM F10080103 3,256 52,300 SH SOLE NONE 32,300 0 20,000 BJ SVCS CO COM 055482103 90 3,000 SH SOLE NONE 3,000 0 0 BLOCK H & R INC COM 093671105 84,880 3,904,340 SH SOLE NONE 3,515,000 0 389,340 BOEING CO COM 097023105 24 300 SH SOLE NONE 100 0 200 BP PLC SPONSORED ADR 055622104 926 14,117 SH SOLE NONE 11,847 0 2,270 BP PLC COM 0798059 218 20,000 SH SOLE NONE 20,000 0 0 BRISTOL MYERS SQUIBB CO COM 110122108 189 7,600 SH SOLE NONE 7,600 0 0 BRITISH AMERN TOB PLC COM G1510J102 9,397 347,770 SH SOLE NONE 262,520 0 85,250 BRITISH AMERN TOB PLC SPONSORED ADR 110448107 410 7,500 SH SOLE NONE 7,500 0 0 BROWN FORMAN CORP CL A 115637100 120,039 1,551,489 SH SOLE NONE 1,414,016 0 137,473 BROWN FORMAN CORP CL B 115637209 23,029 300,444 SH SOLE NONE 256,044 0 44,400 BURNHAM HLDGS INC CL A COM 122295108 96 5,582 SH SOLE NONE 0 0 5,582 CABLEVISION SYS CORP CL A NY CABLVS 12686C109 79 3,500 SH SOLE NONE 3,500 0 0 CADBURY SCHWEPPES PLC COM G17444152 98,549 9,253,447 SH SOLE NONE 8,378,716 0 874,731 CADBURY SCHWEPPES PLC ADR 127209302 1,597 37,350 SH SOLE NONE 8,350 0 29,000 CAMECO CORP COM 13321L108 18 500 SH SOLE NONE 500 0 0 CAMPBELL SOUP CO COM 134429109 104 2,850 SH SOLE NONE 2,850 0 0 CANADIAN OIL SANDS TRUST COM 13642L100 8,821 330,000 SH SOLE NONE 330,000 0 0 CANON INC COM 6132727 392 7,500 SH SOLE NONE 7,500 0 0 CARLISLE COS INC COM 142339100 3,130 37,219 SH SOLE NONE 37,219 0 0 CARNIVAL CORP PAIRED CTF 143658300 5 110 SH SOLE NONE 0 0 110 CATERPILLAR INC DEL COM 149123101 30 450 SH SOLE NONE 450 0 0 CBS CORP NEW CL B 124857202 60 2,125 SH SOLE NONE 125 0 2,000 CENTERPOINT ENERGY INC COM 15189T107 3 200 SH SOLE NONE 200 0 0 CENTRAL VT PUB SVC PFD PREFERR 155771306 4 50 SH SOLE NONE 50 0 0 CEPHEID COM 15670R107 14 2,000 SH SOLE NONE 0 0 2,000 CHARLES RIV LABS INTL INC COM 159864107 3 62 SH SOLE NONE 62 0 0 CHEVRON CORP NEW COM 166764100 1,829 28,200 SH SOLE NONE 25,974 0 2,226 CHINA SHENHUA ENERGY CO-H COM Y1504C113 48 30,000 SH SOLE NONE 30,000 0 0 CHOICEPOINT INC COM 170388102 29 800 SH SOLE NONE 800 0 0 CHUBB CORP COM 171232101 52 1,000 SH SOLE NONE 1,000 0 0 CHURCH & DWIGHT INC COM 171340102 6 150 SH SOLE NONE 150 0 0 CIE FINANC RICHEMONT A-SW COM 7151116 153,724 3,191,948 SH SOLE NONE 2,905,743 0 286,205 CINCINNATI FINL CORP COM 172062101 10 200 SH SOLE NONE 200 0 0 CISCO SYS INC COM 17275R102 4,120 179,307 SH SOLE NONE 179,307 0 0 CITIGROUP INC COM 172967101 111,378 2,242,364 SH SOLE NONE 2,035,776 0 206,588 CLIPPER FD INC MUTUAL 188850101 52 588 SH SOLE NONE 196 0 392 COCA COLA CO COM 191216100 1,197 26,798 SH SOLE NONE 25,172 0 1,626 COLGATE PALMOLIVE CO COM 194162103 6 100 SH SOLE NONE 0 0 100 COLUMBIA ACORN TR INTL CL Z MUTUAL 197199813 7 193 SH SOLE NONE 193 0 0 COMCAST CORP NEW CL A 20030N101 963 26,097 SH SOLE NONE 25,684 0 413 COMCAST CORP NEW CL A SPL 20030N200 214,357 5,823,345 SH SOLE NONE 5,198,286 0 625,059 COMMONWEALTH TEL ENTERPRISES COM 203349105 59 1,440 SH SOLE NONE 240 0 1,200 COMMUNITY BKS INC MILLERSBUR COM 203628102 251 9,347 SH SOLE NONE 9,347 0 0 CONOCOPHILLIPS COM 20825C104 1,437 24,142 SH SOLE NONE 22,408 0 1,734 CONSTELLATION BRANDS INC CL A 21036P108 12 400 SH SOLE NONE 400 0 0 CORNING INC COM 219350105 43 1,750 SH SOLE NONE 1,750 0 0 CORTEX PHARMACEUTICALS INC COM NEW 220524300 18 6,000 SH SOLE NONE 0 0 6,000 COSTCO WHSL CORP NEW COM 22160K105 754 15,175 SH SOLE NONE 11,375 0 3,800 COUSINS PPTYS INC COM 222795106 51 1,500 SH SOLE NONE 0 0 1,500 CRANE CO COM 224399105 9,120 218,174 SH SOLE NONE 179,729 0 38,445 CRESCENT FINL CORP COM 225744101 6 460 SH SOLE NONE 460 0 0 CRH PLC ADR 0182704 4,350 128,350 SH SOLE NONE 105,550 0 22,800 CVS CORP COM 126650100 64 2,000 SH SOLE NONE 2,000 0 0 D & E COMMUNICATIONS INC COM 232860106 100 7,900 SH SOLE NONE 400 0 7,500 DAILY MAIL & GEN TST-A COM 945736 416 36,589 SH SOLE NONE 31,589 0 5,000 DANAHER CORP DEL COM 235851102 30 436 SH SOLE NONE 436 0 0 DAVIS NY VENTURE FD INC CL Y MUTUAL 239080401 52 1,421 SH SOLE NONE 1,421 0 0 DEAN FOODS CO NEW COM 242370104 63 1,500 SH SOLE NONE 0 0 1,500 DEERE & CO COM 244199105 4,004 47,717 SH SOLE NONE 37,017 0 10,700 DEL MONTE FOODS CO COM 24522P103 28 2,679 SH SOLE NONE 2,679 0 0 DELPHI FINL GROUP INC CL A 247131105 160 4,000 SH SOLE NONE 4,000 0 0 DENTSPLY INTL INC NEW COM 249030107 30 1,000 SH SOLE NONE 1,000 0 0 DEVON ENERGY CORP NEW COM 25179M103 2,842 45,000 SH SOLE NONE 45,000 0 0 DIAGEO PLC COM G42089113 117,918 6,673,341 SH SOLE NONE 6,066,215 0 607,126 DIAGEO PLC SPON ADR NEW 25243Q205 31,627 445,202 SH SOLE NONE 372,520 0 72,682 DISNEY WALT CO COM DISNEY 254687106 727 23,531 SH SOLE NONE 22,531 0 1,000 DOVER CORP COM 260003108 3,126 65,890 SH SOLE NONE 57,190 0 8,700 DOW JONES & CO INC COM 260561105 27 800 SH SOLE NONE 800 0 0 DRUGSTORE COM INC COM 262241102 17 5,000 SH SOLE NONE 0 0 5,000 DU PONT E I DE NEMOURS & CO COM 263534109 313 7,310 SH SOLE NONE 7,310 0 0 EATON VANCE PRIME RATE RESVS MUTUAL 277913109 17 1,796 SH SOLE NONE 1,796 0 0 EDIPRESSE S A - BEARER COM H20616126 61 150 SH SOLE NONE 150 0 0 ENCANA CORP COM 292505104 3,829 82,000 SH SOLE NONE 82,000 0 0 ENCORE WIRE CORP COM 292562105 106 3,000 SH SOLE NONE 3,000 0 0 ENTERGY CORP NEW COM 29364G103 10 133 SH SOLE NONE 133 0 0 EOG RES INC COM 26875P101 130 2,000 SH SOLE NONE 2,000 0 0 EP MEDSYSTEMS INC COM 26881P103 23 15,000 SH SOLE NONE 0 0 15,000 EQUIFAX INC COM 294429105 411 11,200 SH SOLE NONE 10,700 0 500 EQUITY INCOME FD UT 1 EX SR-ATT 294700703 8 78 SH SOLE NONE 0 0 78 ESCO TECHNOLOGIES INC COM 296315104 46 1,000 SH SOLE NONE 1,000 0 0 EVERGREEN TR STRAT GRT CL I MUTUAL 299909408 58 2,091 SH SOLE NONE 2,091 0 0 EXPEDIA INC DEL COM 30212P105 4 250 SH SOLE NONE 250 0 0 EXPEDITORS INTL WASH INC COM 302130109 134 3,000 SH SOLE NONE 0 0 3,000 EXXON MOBIL CORP COM 30231G102 21,876 326,025 SH SOLE NONE 278,941 0 47,084 FAIRFAX FINL HLDGS LTD SUB VTG 303901102 26 200 SH SOLE NONE 0 0 200 FAIRHOLME FDS INC MUTUAL 304871106 39 1,438 SH SOLE NONE 266 0 1,172 FASTENAL CO COM 311900104 68 1,750 SH SOLE NONE 1,750 0 0 FEDERAL HOME LN MTG CORP COM 313400301 13,419 202,300 SH SOLE NONE 167,970 0 34,330 FEDEX CORP COM 31428X106 97 890 SH SOLE NONE 890 0 0 FIDELITY NATL FINL INC COM 316326107 97 2,336 SH SOLE NONE 2,336 0 0 FIDELITY NATL INFORMATION SV COM 31620M106 202 5,450 SH SOLE NONE 5,200 0 250 FIDELITY NATL TITLE GROUP IN CL A 31620R105 9 408 SH SOLE NONE 408 0 0 FIFTH THIRD BANCORP COM 316773100 12 315 SH SOLE NONE 315 0 0 FIRST DATA CORP COM 319963104 258 6,150 SH SOLE NONE 6,150 0 0 FIRST PAC LTD ORD COM G34804107 27 58,183 SH SOLE NONE 58,183 0 0 FORTUNE BRANDS INC COM 349631101 15 200 SH SOLE NONE 200 0 0 FPA FDS TR FPA CRESC INSTL MUTUAL 30254T759 9 339 SH SOLE NONE 339 0 0 FPL GROUP INC COM 302571104 356 7,900 SH SOLE NONE 6,500 0 1,400 FULLER H B CO COM 359694106 28 1,200 SH SOLE NONE 1,200 0 0 FULTON FINL CORP PA COM 360271100 1,954 120,662 SH SOLE NONE 61,461 0 59,201 GALLAHER GROUP PLC SPONSORED ADR 363595109 79 1,200 SH SOLE NONE 900 0 300 GANNETT INC COM 364730101 4,750 83,575 SH SOLE NONE 55,675 0 27,900 GENERAL DYNAMICS CORP COM 369550108 1,365 19,050 SH SOLE NONE 19,050 0 0 GENERAL ELECTRIC CO COM 369604103 8,924 252,809 SH SOLE NONE 162,109 0 90,700 GENESEE & WYO INC CL A 371559105 12 525 SH SOLE NONE 525 0 0 GLATFELTER COM 377316104 16 1,200 SH SOLE NONE 400 0 800 GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 33 625 SH SOLE NONE 625 0 0 GOLDEN WEST FINL CORP DEL COM 381317106 23 300 SH SOLE NONE 0 0 300 GOLDMAN SACHS GROUP INC COM 38141G104 17 100 SH SOLE NONE 100 0 0 GROUPE DANONE COM B018SX1 281 2,000 SH SOLE NONE 2,000 0 0 GROUPE DANONE SPONSORED ADR 399449107 7,598 256,525 SH SOLE NONE 204,775 0 51,750 HARLEY DAVIDSON INC COM 412822108 66 1,055 SH SOLE NONE 1,055 0 0 HARLEYSVILLE NATL CORP PA COM 412850109 3 173 SH SOLE NONE 0 0 173 HARTE-HANKS INC COM 416196103 593 22,500 SH SOLE NONE 22,500 0 0 HASBRO INC COM 418056107 98,059 4,310,278 SH SOLE NONE 3,827,834 0 482,444 HCA INC COM 404119109 399 8,000 SH SOLE NONE 8,000 0 0 HCC INS HLDGS INC COM 404132102 25 750 SH SOLE NONE 750 0 0 HEALTH MGMT ASSOC INC NEW CL A 421933102 16 750 SH SOLE NONE 750 0 0 HEALTHSOUTH CORP COM 421924101 179 36,000 SH SOLE NONE 0 0 36,000 HEARTLAND EXPRESS INC COM 422347104 1,847 117,784 SH SOLE NONE 108,452 0 9,332 HEINEKEN HLDG NV COM N39338194 238,304 6,057,547 SH SOLE NONE 5,462,743 0 594,804 HEINEKEN NV COM 7108048 52 1,125 SH SOLE NONE 0 0 1,125 HEINEKEN NV UNSPONS ADR COM 423012202 4,609 201,728 SH SOLE NONE 84,574 0 117,154 HEINZ H J CO COM 423074103 92 2,200 SH SOLE NONE 2,200 0 0 HERSHEY CO COM 427866108 252 4,720 SH SOLE NONE 4,720 0 0 HEWLETT PACKARD CO COM 428236103 88 2,400 SH SOLE NONE 2,400 0 0 HILLENBRAND INDS INC COM 431573104 114 2,000 SH SOLE NONE 0 0 2,000 HOME DEPOT INC COM 437076102 118 3,240 SH SOLE NONE 3,240 0 0 HOMEFED CORP PAR $ .01 COM 43739D307 34 500 SH SOLE NONE 500 0 0 HORMEL FOODS CORP COM 440452100 18,115 503,465 SH SOLE NONE 403,215 0 100,250 HSBC HLDGS PLC SPON ADR NEW 0540528 365 20,000 SH SOLE NONE 20,000 0 0 HUDSON HIGHLAND GROUP INC COM 443792106 5 524 SH SOLE NONE 0 0 524 HUNTER DOUGLAS NV COM N4327C122 49 700 SH SOLE NONE 700 0 0 IAC INTERACTIVECORP COM NEW 44919P300 14 500 SH SOLE NONE 500 0 0 IMPERIAL TOBACCO GROUP PLC COM 0454492 133 4,000 SH SOLE NONE 4,000 0 0 IMPERIAL TOBACCO GROUP PLC SPONSORED ADR 453142101 32 470 SH SOLE NONE 470 0 0 INTEL CORP COM 458140100 157 7,610 SH SOLE NONE 7,400 0 210 INTERNATIONAL BUSINESS MACHS COM 459200101 2,664 32,513 SH SOLE NONE 2,338 0 30,175 INTERNATIONAL SPEEDWAY CORP CL A 460335201 35,479 711,864 SH SOLE NONE 626,046 0 85,818 INTERNATIONAL SPEEDWAY CORP CL B 460335300 17,162 344,480 SH SOLE NONE 317,330 0 27,150 INTERPUBLIC GROUP COS INC COM 460690100 0 15 SH SOLE NONE 15 0 0 IPC HLDGS LTD ORD G4933P101 6 200 SH SOLE NONE 200 0 0 IPRINT TECHNOLOGIES INC COM 462628108 0 600 SH SOLE NONE 600 0 0 ISHARES TR S&P MIDCAP 400 464287507 15 200 SH SOLE NONE 200 0 0 ISHARES TR S&P MIDCP VALU 464287705 1 16 SH SOLE NONE 16 0 0 ISHARES TR S&P SMLCAP 600 464287804 18 300 SH SOLE NONE 300 0 0 JACOBS ENGR GROUP INC DEL COM 469814107 321 4,300 SH SOLE NONE 3,700 0 600 JAMES HALSTEAD PLC COM G4253G129 87 10,000 SH SOLE NONE 10,000 0 0 JAPAN TOBACCO INC COM 6474535 39 10 SH SOLE NONE 10 0 0 JC DECAUS SA ACT COM F5333N100 20 750 SH SOLE NONE 0 0 750 JOHNSON & JOHNSON COM 478160104 6,260 96,393 SH SOLE NONE 92,191 0 4,202 JP MORGAN CHASE & CO COM 46625H100 108 2,305 SH SOLE NONE 2,105 0 200 KAO CORP JPY COM JP3205800 280 10,500 SH SOLE NONE 10,500 0 0 KELLOGG CO COM 487836108 116 2,350 SH SOLE NONE 2,050 0 300 KEYCORP NEW COM 493267108 4 100 SH SOLE NONE 100 0 0 KIMBERLY CLARK CORP COM 494368103 196 3,000 SH SOLE NONE 3,000 0 0 KINGSPAN GROUP PLC COM G52654103 4,440 215,975 SH SOLE NONE 182,975 0 33,000 KIRIN BREWERY CO LTD COM 6493745 134 10,000 SH SOLE NONE 10,000 0 0 KONINKLIJKE WEGENER NV COM N5213D116 13,207 1,061,640 SH SOLE NONE 946,490 0 115,150 KRAFT FOODS INC CL A 50075N104 46,394 1,301,009 SH SOLE NONE 1,194,973 0 106,036 KROGER CO COM 501044101 46 2,000 SH SOLE NONE 2,000 0 0 KT CORP SPONSORED ADR 48268K101 8 350 SH SOLE NONE 0 0 350 LANCASTER COLONY CORP COM 513847103 22 500 SH SOLE NONE 0 0 500 LAUDER ESTEE COS INC CL A 518439104 71 1,750 SH SOLE NONE 1,750 0 0 LEE ENTERPRISES INC COM 523768109 1,789 70,860 SH SOLE NONE 60,310 0 10,550 LEUCADIA NATL CORP COM 527288104 2,538 96,986 SH SOLE NONE 87,986 0 9,000 LEVEL 3 COMMUNICATIONS INC COM 52729N100 1 100 SH SOLE NONE 100 0 0 LEXINGTON CORP PPTYS TR COM 529043101 1,059 50,000 SH SOLE NONE 36,000 0 14,000 LIBERTY MEDIA HLDG CORP INT COM SER A 53071M104 5 250 SH SOLE NONE 250 0 0 LIBERTY MEDIA HLDG CORP CAP COM SER A 53071M302 4 50 SH SOLE NONE 50 0 0 LILLY ELI & CO COM 532457108 356 6,250 SH SOLE NONE 6,250 0 0 LINDT & SPRUENGLI AG-REG COM H49983176 596 25 SH SOLE NONE 0 0 25 LONGLEAF INT PARTNERS FD MUTUAL 543069405 8 422 SH SOLE NONE 422 0 0 LONGLEAF PARTNERS FUND MUTUAL 543069108 39 1,104 SH SOLE NONE 1,104 0 0 LOREAL SA COM 4057808 198 1,950 SH SOLE NONE 1,950 0 0 LOWES COS INC COM 548661107 196 7,000 SH SOLE NONE 6,000 0 1,000 LUCENT TECHNOLOGIES INC COM 549463107 7 2,820 SH SOLE NONE 2,820 0 0 LUCENT TECHS INC WT EXP 12/10/ WARRANT 549463131 0 103 SH SOLE NONE 103 0 0 M & T BK CORP COM 55261F104 239 1,993 SH SOLE NONE 1,993 0 0 M D C HLDGS INC COM 552676108 5 100 SH SOLE NONE 0 0 100 MANPOWER INC COM 56418H100 181 2,950 SH SOLE NONE 2,950 0 0 MARKEL CORP COM 570535104 30,116 73,335 SH SOLE NONE 57,425 0 15,910 MARSH & MCLENNAN COS INC COM 571748102 191 6,800 SH SOLE NONE 5,800 0 1,000 MARSHALL & ILSLEY CORP COM 571834100 72 1,500 SH SOLE NONE 1,500 0 0 MARTIN MARIETTA MATLS INC COM 573284106 168,503 1,991,293 SH SOLE NONE 1,768,110 0 223,183 MASTERS SELECT EQUITY FUND MUTUAL 576417109 57 3,735 SH SOLE NONE 3,270 0 465 MASTERS SELECT FDS VALUE FD MUTUAL 576417406 50 3,248 SH SOLE NONE 492 0 2,756 MASTERS SELECT INT'L FUND MUTUAL 576417208 89 4,580 SH SOLE NONE 1,511 0 3,069 MASTERS SELECT SMALLER FD MUTUAL 576417307 56 3,876 SH SOLE NONE 502 0 3,374 MATTEL INC COM 577081102 1,279 64,900 SH SOLE NONE 48,400 0 16,500 MCCLATCHY CO CL A 579489105 115,745 2,743,433 SH SOLE NONE 2,465,903 0 277,530 MCCORMICK & CO INC COM NON VTG 579780206 3,923 103,300 SH SOLE NONE 64,300 0 39,000 MCDONALDS CORP COM 580135101 1,268 32,403 SH SOLE NONE 31,303 0 1,100 MCKESSON CORP COM 58155Q103 32 600 SH SOLE NONE 600 0 0 MEADWESTVACO CORP COM 583334107 65 2,456 SH SOLE NONE 0 0 2,456 MEDCO HEALTH SOLUTIONS INC COM 58405U102 21 354 SH SOLE NONE 354 0 0 MEDIMMUNE INC COM 584699102 1,756 60,000 SH SOLE NONE 60,000 0 0 MEDTRONIC INC COM 585055106 190 4,100 SH SOLE NONE 4,100 0 0 MELLON FINL CORP COM 58551A108 473 12,100 SH SOLE NONE 12,100 0 0 MERCK & CO INC COM 589331107 796 19,003 SH SOLE NONE 16,486 0 2,517 MERCURY GENL CORP NEW COM 589400100 2,409 48,550 SH SOLE NONE 40,300 0 8,250 MERITOR SVGS BK PA COM 590007100 12 3,000 SH SOLE NONE 0 0 3,000 MESA RTY TR UNIT BEN INT 590660106 1,249 23,000 SH SOLE NONE 23,000 0 0 MGI PHARMA INC COM 552880106 71 4,100 SH SOLE NONE 2,500 0 1,600 MICROPORE INC "A" CV PFD CONVERT 9129231 67 3,200 SH SOLE NONE 3,200 0 0 MICROPORE INC "C" CV PFD CONVERT 9057213 12 550 SH SOLE NONE 550 0 0 MICROSOFT CORP COM 594918104 3,707 135,532 SH SOLE NONE 134,824 0 708 MILLER HERMAN INC COM 600544100 22,594 660,436 SH SOLE NONE 516,736 0 143,700 MIRANT CORP ESCROW SHARES COM 604675991 0 500 SH SOLE NONE 500 0 0 MIRANT CORP NEW COM 60467R100 0 13 SH SOLE NONE 13 0 0 MIRANT CORP NEW *W EXP 01/03/201 60467R118 0 43 SH SOLE NONE 43 0 0 MOHAWK INDS INC COM 608190104 1,463 19,650 SH SOLE NONE 14,250 0 5,400 MOLEX INC CL A 608554200 66 2,000 SH SOLE NONE 2,000 0 0 MONEYGRAM INTL INC COM 60935Y109 15 500 SH SOLE NONE 500 0 0 MONSANTO CO NEW COM 61166W101 642 13,650 SH SOLE NONE 13,250 0 400 MONSTER WORLDWIDE INC COM 611742107 45 1,250 SH SOLE NONE 0 0 1,250 MORGAN STANLEY COM NEW 617446448 68 938 SH SOLE NONE 938 0 0 MORGAN STANLEY CAP TR III 6.25 PREFERR 617460209 6 250 SH SOLE NONE 250 0 0 MUNIHOLDINGS FLA INSD FD COM 62624W105 75 5,211 SH SOLE NONE 5,211 0 0 MURPHY OIL CORP COM 626717102 1,702 35,800 SH SOLE NONE 35,500 0 300 MYLAN LABS INC COM 628530107 83 4,125 SH SOLE NONE 4,125 0 0 NATIONAL CITY CORP COM 635405103 370 10,100 SH SOLE NONE 10,100 0 0 NATIONAL PENN BANCSHARES INC COM 637138108 88 4,509 SH SOLE NONE 4,509 0 0 NEENAH PAPER INC COM 640079109 1 37 SH SOLE NONE 37 0 0 NESTLE REG ADR COM 641069406 304,022 3,486,490 SH SOLE NONE 3,088,093 0 398,397 NEUE ZUERCHER ZEITUNG COM 4575827 360 6 SH SOLE NONE 3 0 3 NEW YORK TIMES CO CL A 650111107 185 8,050 SH SOLE NONE 8,050 0 0 NEWELL RUBBERMAID INC COM 651229106 9 315 SH SOLE NONE 315 0 0 NEWMONT MINING CORP COM 651639106 122 2,850 SH SOLE NONE 2,850 0 0 NEWS CORP CL A 65248E104 197 10,050 SH SOLE NONE 9,750 0 300 NOBLE ENERGY INC COM 655044105 109 2,400 SH SOLE NONE 2,400 0 0 NOKIA CORP SPONSORED ADR 654902204 373 18,965 SH SOLE NONE 17,965 0 1,000 NORFOLK SOUTHERN CORP COM 655844108 26 600 SH SOLE NONE 600 0 0 NORGES HANDELS OG SJOF COM 5068627 2,639 17,172 SH SOLE NONE 16,872 0 300 NORTH FORK BANCORPORATION NY COM 659424105 6 200 SH SOLE NONE 200 0 0 NORTHERN TR CORP COM 665859104 298 5,100 SH SOLE NONE 5,000 0 100 NUVEEN PA INVT QUALITY MUN F COM 670972108 22 1,630 SH SOLE NONE 815 0 815 OAK VALUE TR MUTUAL 67181Q102 8 253 SH SOLE NONE 253 0 0 OAKMARK FUND - CLASS I MUTUAL 413838103 9 198 SH SOLE NONE 198 0 0 OCCIDENTAL PETE CORP DEL COM 674599105 96 2,000 SH SOLE NONE 2,000 0 0 OMNICOM GROUP INC COM 681919106 6,284 67,135 SH SOLE NONE 62,835 0 4,300 ORACLE CORP COM 68389X105 9 500 SH SOLE NONE 500 0 0 PARGESA HOLDING AG - B COM H60477207 8,083 83,575 SH SOLE NONE 54,575 0 29,000 PARKER HANNIFIN CORP COM 701094104 39 500 SH SOLE NONE 500 0 0 PARTRIDGE FINE ART ORD COM 673231 391 494,601 SH SOLE NONE 491,601 0 3,000 PENTAIR INC COM 709631105 3 100 SH SOLE NONE 100 0 0 PEPSICO INC COM 713448108 10,825 165,872 SH SOLE NONE 142,197 0 23,675 PERNOD RICARD S A ORD COM F72027109 87,546 420,267 SH SOLE NONE 377,641 0 42,626 PETROCHINA CO LTD SPONSORED ADR 71646E100 101 935 SH SOLE NONE 935 0 0 PFIZER INC COM 717081103 2,725 96,076 SH SOLE NONE 92,826 0 3,250 PHILIP MORRIS CR AS COM 4874546 6,086 13,803 SH SOLE NONE 12,945 0 858 PIMCO FDS PAC INVT MGMT SER TO MUTUAL 693390445 199 19,055 SH SOLE NONE 19,055 0 0 PIONEER NAT RES CO COM 723787107 407 10,400 SH SOLE NONE 7,700 0 2,700 PITNEY BOWES INC COM 724479100 64 1,440 SH SOLE NONE 1,440 0 0 PNC FINL SVCS GROUP INC COM 693475105 1,192 16,460 SH SOLE NONE 7,460 0 9,000 PORTUGAL TELECOM SGPS S A COM 6769Q104 9 750 SH SOLE NONE 0 0 750 POZEN INC COM 73941U102 18 1,400 SH SOLE NONE 0 0 1,400 PPG INDS INC COM 693506107 73 1,088 SH SOLE NONE 0 0 1,088 PPL CORP COM 69351T106 39 1,200 SH SOLE NONE 1,200 0 0 PRAXAIR INC COM 74005P104 106 1,800 SH SOLE NONE 1,800 0 0 PROCTER & GAMBLE CO COM 742718109 4,143 66,838 SH SOLE NONE 63,851 0 2,987 PROGRESSIVE CORP OHIO COM 743315103 23,461 956,016 SH SOLE NONE 745,111 0 210,905 PROLOGIS SH BEN INT 743410102 133 2,337 SH SOLE NONE 1,237 0 1,100 PROTECTIVE LIFE CORP COM 743674103 5 112 SH SOLE NONE 112 0 0 PTV INC PFD 10% PREFERR 69367F306 0 1 SH SOLE NONE 0 0 1 PUBLIC SVC ENTERPRISE GROUP COM 744573106 19 311 SH SOLE NONE 0 0 311 RAINING DATA CORP COM 75087R108 82 25,000 SH SOLE NONE 10,000 0 15,000 RAYTHEON CO COM NEW 755111507 7 156 SH SOLE NONE 156 0 0 READYMIX ORD COM 0726782 4,429 1,367,038 SH SOLE NONE 1,247,038 0 120,000 RECKITT BENCKISER PLC COM G7420A107 684 16,500 SH SOLE NONE 16,500 0 0 RELIANT ENERGY INC COM 75952B105 11 865 SH SOLE NONE 865 0 0 RENAISSANCERE HOLDINGS LTD COM G7496G103 10 175 SH SOLE NONE 0 0 175 RINKER GROUP LTD COM 6599386 3,169 305,565 SH SOLE NONE 195,565 0 110,000 RITE AID CORP COM 767754104 21 4,650 SH SOLE NONE 3,500 0 1,150 ROBBINS & MYERS INC COM 770196103 8 266 SH SOLE NONE 266 0 0 ROCHE HLDG LTD SPON ADR COM 771195104 17 200 SH SOLE NONE 0 0 200 ROCHE HOLDING AG COM 001203204 700 4,050 SH SOLE NONE 4,050 0 0 ROSS STORES INC COM 778296103 1,525 60,000 SH SOLE NONE 60,000 0 0 ROWE T PRICE EQUITY FD MUTUAL 779547108 57 2,026 SH SOLE NONE 2,026 0 0 ROYAL BK SCOTLAND GROUP PLC COM G76891111 17 500 SH SOLE NONE 0 0 500 ROYAL DUTCH SHELL PLC SPON ADR B 780259107 581 8,494 SH SOLE NONE 8,494 0 0 ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 5,372 81,266 SH SOLE NONE 59,116 0 22,150 RYDEX SER FDS DYN WEAKENING DO MUTUAL 78356A863 97 4,000 SH SOLE NONE 0 0 4,000 RYDEX SER TR JUNO FD MUTUAL 783554702 99 5,100 SH SOLE NONE 0 0 5,100 SAFEWAY INC COM NEW 786514208 15 500 SH SOLE NONE 500 0 0 SAMSUNG ELECTRONICS LTD COM 796050888 44 125 SH SOLE NONE 0 0 125 SANOFI AVENTIS COM F5548N101 27 300 SH SOLE NONE 0 0 300 SCHERING PLOUGH CORP COM 806605101 57 2,600 SH SOLE NONE 0 0 2,600 SCHIBSTED A/S COM MS164618 1,279 42,459 SH SOLE NONE 37,959 0 4,500 SCHLUMBERGER LTD COM 806857108 665 10,725 SH SOLE NONE 10,725 0 0 SCHULMAN A INC COM 808194104 212 8,999 SH SOLE NONE 8,999 0 0 SCHWAB CHARLES CORP NEW COM 808513105 56 3,145 SH SOLE NONE 850 0 2,295 SCHWEITZER-MAUDUIT INTL INC COM 808541106 32,746 1,725,289 SH SOLE NONE 1,592,410 0 132,879 SCOTTS MIRACLE GRO CO CL A 810186106 4,994 112,240 SH SOLE NONE 92,490 0 19,750 SCRIPPS E W CO OHIO CL A 811054204 136,518 2,848,275 SH SOLE NONE 2,547,607 0 300,668 SEAGATE TECGBIKIGT INC ESCROW WARRANT 811804988 0 200 SH SOLE NONE 0 0 200 SLM CORP COM 78442P106 26 500 SH SOLE NONE 0 0 500 SMITH & NEPHEW PLC COM 0922320 46 5,000 SH SOLE NONE 5,000 0 0 SMITHFIELD FOODS INC COM 832248108 224 8,300 SH SOLE NONE 7,100 0 1,200 SMUCKER J M CO COM NEW 832696405 0 6 SH SOLE NONE 6 0 0 SOUTHERN UN CO NEW COM 844030106 26 1,000 SH SOLE NONE 1,000 0 0 ST JOE CO COM 790148100 823 15,000 SH SOLE NONE 15,000 0 0 ST PAUL TRAVELERS INC COM 792860108 543 11,581 SH SOLE NONE 10,566 0 1,015 STAPLES INC COM 855030102 637 26,187 SH SOLE NONE 24,487 0 1,700 STEPAN CO COM 858586100 67 2,284 SH SOLE NONE 2,284 0 0 STERLING FINL CORP COM 859317109 108 4,921 SH SOLE NONE 4,921 0 0 STREETTRACKS GOLD TR GOLD SHS 863307104 30 500 SH SOLE NONE 500 0 0 SUN MICROSYSTEMS INC COM 866810104 5,445 1,100,000 SH SOLE NONE 1,100,000 0 0 SUNCOR ENERGY INC COM 867229106 209 2,900 SH SOLE NONE 900 0 2,000 SUNTRUST BKS INC COM 867914103 64 825 SH SOLE NONE 825 0 0 SUPERVALU INC COM 868536103 81 2,730 SH SOLE NONE 2,730 0 0 SUSQUEHANNA BANCSHARES INC P COM 869099101 277 11,320 SH SOLE NONE 6,483 0 4,837 SWEDISH MATCH AB COM W92277115 14,067 862,480 SH SOLE NONE 641,480 0 221,000 SYNGENTA AG COM 4356646 174 1,150 SH SOLE NONE 1,150 0 0 SYSCO CORP COM 871829107 84 2,525 SH SOLE NONE 2,225 0 300 TAMEDIA AG COM 4498816 4,092 37,775 SH SOLE NONE 24,975 0 12,800 TARGET CORP COM 87612E106 39 700 SH SOLE NONE 700 0 0 TELEFONICA S A SPONSORED ADR 879382208 0 1 SH SOLE NONE 1 0 0 TELEGRAAF MEDIA GROEP NV COM N8502L104 121,785 5,117,036 SH SOLE NONE 4,597,939 0 519,097 TEMPLETON GLOBAL INCOME FD COM 880198106 6 702 SH SOLE NONE 702 0 0 TEXAS INSTRS INC COM 882508104 419 12,600 SH SOLE NONE 11,300 0 1,300 THIRD AVE FD REAL ESTATE MUTUAL 884116401 40 1,137 SH SOLE NONE 292 0 845 THIRD AVE SM CAP VALUE FD MUTUAL 884116203 8 320 SH SOLE NONE 320 0 0 THIRD AVE VALUE FD INC MUTUAL 884116104 41 692 SH SOLE NONE 172 0 520 THIRD AVENUE INT VALUE FD MUTUAL 884116500 10 424 SH SOLE NONE 424 0 0 THOMSON SA ACT COM F91823108 3 210 SH SOLE NONE 0 0 210 TIFFANY & CO NEW COM 886547108 201 6,050 SH SOLE NONE 6,050 0 0 TIM HORTONS INC COM 88706M103 5 200 SH SOLE NONE 0 0 200 TIME WARNER INC COM 887317105 438 24,000 SH SOLE NONE 6,500 0 17,500 TJX COS INC NEW COM 872540109 1,240 44,250 SH SOLE NONE 44,250 0 0 TOKHEIM CORP WT SER C 49.50 WARRANT 889073136 0 200 SH SOLE NONE 200 0 0 TOOTSIE ROLL INDS INC COM 890516107 39 1,336 SH SOLE NONE 0 0 1,336 TOTAL S A SPONSORED ADR 89151E109 356 5,400 SH SOLE NONE 5,400 0 0 TOTAL SA COM 4905413 197 3,000 SH SOLE NONE 3,000 0 0 TOYOTA MOTOR CORP JPY50 COM 6900643 191 3,500 SH SOLE NONE 3,500 0 0 TRIBUNE CO NEW COM 896047107 16 500 SH SOLE NONE 500 0 0 TWEEDY BROWNE FD AMERICAN MUTUAL 901165209 7 276 SH SOLE NONE 276 0 0 TWEEDY BROWNE FD GLOBAL MUTUAL 901165100 46 1,563 SH SOLE NONE 454 0 1,109 TXU CORP COM 873168108 76 1,220 SH SOLE NONE 320 0 900 TYCO INTL LTD NEW COM 902124106 2 58 SH SOLE NONE 58 0 0 U S GLOBAL INVS INC CL A 902952100 98 4,000 SH SOLE NONE 4,000 0 0 UBS AG-REGISTERED COM B18YFJ4 60 1,000 SH SOLE NONE 1,000 0 0 UNB CORP PA COM 903057107 13 105 SH SOLE NONE 0 0 105 UNILEVER N V N Y SHS NEW 904784709 81,186 3,308,300 SH SOLE NONE 3,003,855 0 304,445 UNILEVER PLC SPON ADR NEW 904767704 3 126 SH SOLE NONE 126 0 0 UNION NATL FINL CORP COM 907647101 148 7,820 SH SOLE NONE 7,820 0 0 UNION PAC CORP COM 907818108 37 421 SH SOLE NONE 421 0 0 UNITED OVERSEAS BK LTD ADR COM 911271302 18 875 SH SOLE NONE 875 0 0 UNITED PARCEL SERVICE INC CL B 911312106 11 150 SH SOLE NONE 150 0 0 UNITED TECHNOLOGIES CORP COM 913017109 6 100 SH SOLE NONE 100 0 0 UNITEDHEALTH GROUP INC COM 91324P102 74 1,500 SH SOLE NONE 0 0 1,500 UNIVERSAL CORP VA COM 913456109 18 500 SH SOLE NONE 500 0 0 UNIVERSAL DISPLAY CORP COM 91347P105 90 8,200 SH SOLE NONE 0 0 8,200 UNIVISION COMMUNICATIONS INC CL A 914906102 27 783 SH SOLE NONE 783 0 0 UNUMPROVIDENT CORP COM 91529Y106 202 10,400 SH SOLE NONE 10,000 0 400 USA MOBILITY INC COM 90341G103 880 38,535 SH SOLE NONE 35,635 0 2,900 UST INC COM 902911106 158,514 2,891,013 SH SOLE NONE 2,640,878 0 250,135 VALUE LINE INC COM 920437100 336 7,200 SH SOLE NONE 7,200 0 0 VANGUARD INDEX TR MUTUAL 922908207 36 1,010 SH SOLE NONE 1,010 0 0 VECTREN CORP COM 92240G101 156 5,817 SH SOLE NONE 4,398 0 1,419 VERIZON COMMUNICATIONS COM 92343V104 101 2,730 SH SOLE NONE 2,120 0 610 VIACOM INC NEW CL B 92553P201 86 2,300 SH SOLE NONE 125 0 2,175 VIAD CORP COM NEW 92552R406 4 125 SH SOLE NONE 125 0 0 VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 11 480 SH SOLE NONE 480 0 0 VORNADO RLTY TR SH BEN INT 929042109 1,853 17,000 SH SOLE NONE 0 0 17,000 VULCAN MATLS CO COM 929160109 8,858 113,200 SH SOLE NONE 66,350 0 46,850 WACHOVIA CORP 2ND NEW COM 929903102 6,579 117,897 SH SOLE NONE 78,682 0 39,215 WACHOVIA CORP PFD PREFERR 929903201 0 800 SH SOLE NONE 800 0 0 WAL MART STORES INC COM 931142103 2,489 50,468 SH SOLE NONE 29,618 0 20,850 WALGREEN CO COM 931422109 569 12,826 SH SOLE NONE 12,626 0 200 WAL-MART DE MEXICO S A COM P98180105 102 30,000 SH SOLE NONE 0 0 30,000 WASHINGTON MUT INC COM 939322103 109 2,500 SH SOLE NONE 0 0 2,500 WASHINGTON POST CO CL B 939640108 128,928 174,936 SH SOLE NONE 155,123 0 19,813 WAUWATOSA HLDGS INC COM 94348P108 19 1,062 SH SOLE NONE 1,062 0 0 WELLPOINT INC COM 94973V107 123 1,590 SH SOLE NONE 1,590 0 0 WELLS FARGO & CO NEW COM 949746101 185,425 5,125,059 SH SOLE NONE 4,609,176 0 515,883 WESCO FINL CORP COM 950817106 378 866 SH SOLE NONE 666 0 200 WHOLE FOODS MKT INC COM 966837106 37 625 SH SOLE NONE 625 0 0 WILEY JOHN & SONS INC CL A 968223206 38 1,050 SH SOLE NONE 1,050 0 0 WINTERGREEN FD INC MUTUAL 97607W102 42 3,853 SH SOLE NONE 0 0 3,853 WPP GROUP PLC COM G9787H105 2,675 215,864 SH SOLE NONE 215,864 0 0 WRIGLEY WM JR CO COM 982526105 115 2,495 SH SOLE NONE 2,145 0 350 WRIGLEY WM JR CO CL B COM 982526204 29 641 SH SOLE NONE 554 0 87 WYETH COM 983024100 549 10,800 SH SOLE NONE 10,800 0 0 YACKTMAN FD INC MUTUAL 984281105 9 534 SH SOLE NONE 534 0 0 YORK WTR CO COM 987184108 173 9,120 SH SOLE NONE 9,120 0 0 ZIMMER HLDGS INC COM 98956P102 30 450 SH SOLE NONE 330 0 120

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