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: September 30, 2010 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 October 26, 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: 84 Form 13F Information Table Value Total: 2,380,078 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Eaton Vance Sr Income TR SF SH BEN INT 27826s103 837 121618 SH Sole 121618 3M Company COM 88579y101 475 5475 SH Sole 475 5000 A T & T Inc COM 00206r102 239 8353 SH Sole 8275 78 Abbott Labs COM 002824100 22308 427020 SH Sole 380770 46250 AES Corp COM 00130h105 313 27600 SH Sole 27600 Altria Group Inc COM 02209s103 157671 6564151 SH Sole 6054372 509779 American Express COM 025816109 3915 93155 SH Sole 86425 6730 American Tower Corp Cl A COM 029912201 3663 71460 SH Sole 71460 Anheuser-Busch InBev COM 03524a108 84478 1437917 SH Sole 1318232 119685 Aptargroup Inc COM 038336103 817 17884 SH Sole 16884 1000 Bank Amer Corp COM 060505104 259 19790 SH Sole 18790 1000 BB&T Corp COM 054937107 606 25150 SH Sole 25150 Berkshire Hathaway Inc Cl A COM 084670108 422304 3392 SH Sole 3060 332 Berkshire Hathaway Inc Cl B COM 084670702 112751 1363698 SH Sole 1222036 141662 BP PLC ADR COM 055622104 380 9236 SH Sole 8636 600 Brown-Forman Corp Cl A COM 115637100 93620 1520797 SH Sole 1396267 124531 Brown-Forman Corp Cl B COM 115637209 10020 162561 SH Sole 146595 15966 Carlisle Inc COM 142339100 1936 64638 SH Sole 64638 Cenovus Energy COM 15135u109 1439 50000 SH Sole 50000 Chevron Corp COM 166764100 5407 66717 SH Sole 66017 700 Cisco Sys Inc COM 17275r102 1455 66450 SH Sole 66450 Coca-Cola COM 191216100 3549 60651 SH Sole 45650 15001 Comcast Corp New Cl A COM 20030n101 724 40061 SH Sole 39817 244 Comcast Corp Special Cl A COM 20030n200 129473 7611598 SH Sole 7004442 607157 Conocophillips COM 20825c104 1951 33979 SH Sole 32779 1200 Costco Whsl Corp COM 22160k105 1663 25780 SH Sole 24980 800 Crane COM 224399105 7474 196997 SH Sole 175542 21455 Deere & Co COM 244199105 703 10075 SH Sole 9850 225 Devon Energy Corp COM 25179m103 1942 30000 SH Sole 30000 Diageo PLC Sponsored ADR COM 25243q205 32832 475759 SH Sole 422544 53215 Disney Walt Productions COM 254687106 473 14275 SH Sole 13325 950 Dover Corp COM 260003108 1893 36250 SH Sole 28950 7300 Du Pont E I De Nemours COM 263534109 764 17118 SH Sole 17118 Encana Corp COM 292505104 1512 50000 SH Sole 50000 Exxon Mobil Corp COM 30231g102 12174 197019 SH Sole 182748 14271 Fomento Economico Mex Sp ADR COM 344419106 4336 85475 SH Sole 51600 33875 Fulton Finl Corp COM 360271100 1004 110770 SH Sole 83045 27725 General Dynamics Corp COM 369550108 581 9250 SH Sole 9250 General Electric COM 369604103 317 19520 SH Sole 17350 2170 Goldman Sachs Group Inc COM 38141g104 7749 53600 SH Sole 48350 5250 Hasbro Inc COM 418056107 42745 960346 SH Sole 886482 73864 Heartland Express Inc COM 422347104 581 39061 SH Sole 33570 5491 Herman Miller Inc COM 600544100 13379 679831 SH Sole 594951 84880 Hormel Foods Corp COM 440452100 12357 277066 SH Sole 245616 31450 I B M COM 459200101 1060 7900 SH Sole 2900 5000 J.P. Morgan Chase COM 46625h100 696 18300 SH Sole 300 18000 Johnson & Johnson COM 478160104 945 15246 SH Sole 14946 300 Kraft Foods Inc CL A COM 50075n104 381 12340 SH Sole 12340 Lamar Advertising Cl A COM 512815101 211 6625 SH Sole 5515 1110 Leucadia Natl Corp COM 527288104 3044 128886 SH Sole 128686 200 Lexington Corp PPTYS TR COM 529043101 172 23957 SH Sole 23957 Markel Corp COM 570535104 11021 31984 SH Sole 29574 2410 Martin Marietta Materials COM 573284106 111857 1453255 SH Sole 1336550 116705 Mastercard Inc Cl A COM 57636q104 113529 506827 SH Sole 460999 45828 Mattel Inc COM 577081102 557 23750 SH Sole 22250 1500 McCormick Inc COM 579780206 6230 148200 SH Sole 120150 28050 McDonalds Corp COM 580135101 589 7910 SH Sole 7760 150 Merck Inc COM 58933Y105 242 6586 SH Sole 4586 2000 Mesa RTY TR COM 590660106 971 21000 SH Sole 21000 Microsoft Corp COM 594918104 5060 206622 SH Sole 188337 18285 Nextera Energy Inc COM 65339F101 201 3700 SH Sole 3700 Northern Trust Corp COM 665859104 241 5000 SH Sole 5000 Pepsico Inc COM 713448108 8385 126204 SH Sole 118227 7977 Philip Morris International In COM 718172109 421441 7523040 SH Sole 6865302 657738 Pioneer Nat Res COM 723787107 491 7550 SH Sole 7550 Praxair Inc COM 74005p104 3292 36475 SH Sole 31175 5300 Precision Castparts Corp COM 740189105 841 6600 SH Sole 6600 Procter & Gamble COM 742718109 12361 206115 SH Sole 184640 21475 Progressive Corp Ohio COM 743315103 3081 147614 SH Sole 124114 23500 Royal Dutch Shell PLC ADR A COM 780259206 3256 53994 SH Sole 37594 16400 Schlumberger LTD COM 806857108 405 6575 SH Sole 6575 Scotts Miracle-Gro Cl A COM 810186106 291 5625 SH Sole 2450 3175 Scripps Networks Interactive C COM 811065101 86635 1820827 SH Sole 1669723 151104 Staples Inc COM 855030102 5599 267630 SH Sole 243980 23650 Susquehanna Bancshrs Inc COM 869099101 165 19581 SH Sole 19581 Swiss Helvetia FD Inc COM 870875101 251 20000 SH Sole 20000 Tigerlogic Corp COM 8867eq101 48 10000 SH Sole 10000 Time Warner Inc COM 887317303 242 7898 SH Sole 1232 6666 Unilever NV COM 904784709 158834 5315736 SH Sole 4816046 499690 Vornado RLTY TR COM 929042109 855 10000 SH Sole 10000 Vulcan Materials COM 929160109 929 25150 SH Sole 20750 4400 Wal Mart Stores Inc COM 931142103 1304 24372 SH Sole 22118 2254 Washington Post Cl B COM 939640108 53755 134586 SH Sole 125208 9378 Wells Fargo COM 949746101 155541 6193137 SH Sole 5641096 552041