13F-HR 1 inftable.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: December 31, 2009 Check here if Amendment [ ]; Amendment Number: ______ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Gardner Russo & Gardner Address: 223 East Chestnut Street Lancaster, PA 17602 Form 13F File Number: 028-2635 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: Lancaster, PA February 5, 2010 ------------------------ ----------------------------- ------------------ [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 manager(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: 87 Form 13F Information Table Value Total: $1,968,251 (thousands) List of Other Included Managers: None FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Aes TR III TR P CV SC 6.750% CONV 00808n202 324 7000 SH Sole 7000 3M Company COM 88579y101 852 10300 SH Sole 300 10000 A T & T Inc COM 00206r102 261 9328 SH Sole 9250 78 Abbott Labs COM 002824100 19554 362185 SH Sole 310295 51890 AES Corp COM 00130h105 764 57400 SH Sole 28400 29000 Alliance One Internatl Inc COM 018772103 88 18000 SH Sole 18000 Altria Group Inc COM 02209s103 128625 6552465 SH Sole 6030883 521582 American Express COM 025816109 2757 68030 SH Sole 61675 6355 American Tower Corp Cl A COM 029912201 3278 75860 SH Sole 75860 Aptargroup Inc COM 038336103 864 24184 SH Sole 23184 1000 Armstrong World Inds Inc COM 04247x102 3506 90053 SH Sole 68762 21291 Bank Amer Corp COM 060505104 343 22790 SH Sole 21790 1000 BB&T Corp COM 054937107 384 15150 SH Sole 15150 Berkshire Hathaway Inc Cl A COM 084670108 326566 3292 SH Sole 2997 295 Berkshire Hathaway Inc Cl B COM 084670702 85416 25994 SH Sole 23071 2923 BP PLC ADR COM 055622104 693 11956 SH Sole 10777 1179 Brown-Forman Corp Cl A COM 115637100 82413 1462781 SH Sole 1353715 109066 Brown-Forman Corp Cl B COM 115637209 9756 182120 SH Sole 158794 23326 Cadbury PLC SPONS ADR COM 12721e102 221 4297 SH Sole 2532 1765 Carlisle Inc COM 142339100 2376 69338 SH Sole 69338 Cenovus Energy COM 15135u109 1260 50000 SH Sole 50000 Chevron Corp COM 166764100 4278 55569 SH Sole 54869 700 Cisco Sys Inc COM 17275r102 1622 67750 SH Sole 67750 Coca-Cola COM 191216100 1794 31481 SH Sole 29830 1651 Comcast Corp New Cl A COM 20030n101 712 42211 SH Sole 41967 244 Comcast Corp Special Cl A COM 20030n200 155441 9709005 SH Sole 8913220 795786 Conocophillips COM 20825c104 2014 39440 SH Sole 37854 1586 Costco Whsl Corp COM 22160k105 1498 25325 SH Sole 23625 1700 Crane COM 224399105 5758 188047 SH Sole 165452 22595 Deere & Co COM 244199105 558 10325 SH Sole 10100 225 Devon Energy Corp COM 25179m103 2205 30000 SH Sole 30000 Diageo PLC Sponsored ADR COM 25243q205 33082 476611 SH Sole 422161 54450 Disney Walt Productions COM 254687106 568 17600 SH Sole 16650 950 Dover Corp COM 260003108 1675 40250 SH Sole 32950 7300 Du Pont E I De Nemours COM 263534109 575 17076 SH Sole 17076 Encana Corp COM 292505104 1620 50000 SH Sole 50000 Exxon Mobil Corp COM 30231g102 13019 190927 SH Sole 176306 14621 FPL Group Inc COM 302571104 254 4800 SH Sole 4800 Fulton Finl Corp COM 360271100 978 112182 SH Sole 84457 27725 General Dynamics Corp COM 369550108 743 10900 SH Sole 10900 General Electric COM 369604103 296 19561 SH Sole 17391 2170 Hasbro Inc COM 418056107 33473 1044068 SH Sole 964472 79596 Heartland Express Inc COM 422347104 945 61858 SH Sole 55592 6266 Herman Miller Inc COM 600544100 12205 763306 SH Sole 670506 92800 Hormel Foods Corp COM 440452100 12592 327499 SH Sole 292091 35408 I B M COM 459200101 851 6501 SH Sole 3501 3000 J.P. Morgan Chase COM 46625h100 1250 30000 SH Sole 30000 Johnson & Johnson COM 478160104 1110 17228 SH Sole 16928 300 Kraft Foods Inc CL A COM 50075n104 2162 79556 SH Sole 74769 4787 Leucadia Natl Corp COM 527288104 2973 124986 SH Sole 123286 1700 Lexington Corp PPTYS TR COM 529043101 173 28499 SH Sole 23957 4542 Markel Corp COM 570535104 13522 39770 SH Sole 36790 2980 Martin Marietta Materials COM 573284106 150443 1682615 SH Sole 1546763 135852 Mastercard Inc Cl A COM 57636q104 22474 87795 SH Sole 78030 9765 Mattel Inc COM 577081102 624 31250 SH Sole 29750 1500 McCormick Inc COM 579780206 5649 156350 SH Sole 127250 29100 McDonalds Corp COM 580135101 785 12575 SH Sole 12425 150 Merck Inc COM 58933Y105 222 6086 SH Sole 4086 2000 Mesa RTY TR COM 590660106 775 21000 SH Sole 21000 Microsoft Corp COM 594918104 3447 113097 SH Sole 112667 430 Monsanto COM 61166w101 413 5050 SH Sole 4300 750 News Corp Cl A COM 65248e104 159 11600 SH Sole 11600 Northern Trust Corp COM 665859104 262 5000 SH Sole 5000 Pepsico Inc COM 713448108 7779 127952 SH Sole 120050 7902 Philip Morris International In COM 718172109 306227 6354568 SH Sole 5839701 514866 Pioneer Nat Res COM 723787107 559 11600 SH Sole 8900 2700 PNC Bank Corp COM 693475105 242 4581 SH Sole 2781 1800 Pozen Inc COM 73941u102 60 10000 SH Sole 10000 Procter & Gamble COM 742718109 16310 269012 SH Sole 246237 22775 Progressive Corp Ohio COM 743315103 2963 164714 SH Sole 139214 25500 Royal Dutch Shell PLC ADR A COM 780259206 3552 59089 SH Sole 38119 20970 Royal Dutch Shell PLC ADR B COM 780259107 281 4837 SH Sole 4837 Schlumberger LTD COM 806857108 628 9650 SH Sole 9650 Scotts Miracle-Gro Cl A COM 810186106 223 5675 SH Sole 2500 3175 Scripps Networks Interactive C COM 811065101 104852 2526543 SH Sole 2329150 197393 Staples Inc COM 855030102 4193 170530 SH Sole 155930 14600 Susquehanna Bancshrs Inc COM 869099101 115 19581 SH Sole 19581 Swiss Helvetia FD Inc COM 870875101 232 20000 SH Sole 20000 Tigerlogic Corp COM 8867eq101 65 20000 SH Sole 10000 10000 Time Warner Inc COM 887317303 247 8489 SH Sole 1823 6666 Unilever NV COM 904784709 119636 3700452 SH Sole 3409877 290575 Vornado RLTY TR COM 929042109 1232 17613 SH Sole 17613 Vulcan Materials COM 929160109 3011 57175 SH Sole 43575 13600 Wal Mart Stores Inc COM 931142103 1349 25243 SH Sole 22893 2350 Washington Post Cl B COM 939640108 80964 184177 SH Sole 170293 13884 Wells Fargo COM 949746101 147296 5457444 SH Sole 4963689 493755 Eaton Vance Ins PA Mun BD FD COM 27828W102 732 117000 SH Sole 117000