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: Decmeber 31, 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 February 10, 2011 ------------------------ ----------------------------- ------------------ [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: 80 Form 13F Information Table Value Total: 2,627,099 (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 871 121628 SH Sole 121628 3M Company COM 88579y101 386 4475 SH Sole 475 4000 A T & T Inc COM 00206r102 240 8153 SH Sole 8075 78 Abbott Labs COM 002824100 20688 431820 SH Sole 384420 47400 AES Corp COM 00130h105 333 27300 SH Sole 27300 Altria Group Inc COM 02209s103 165996 6742304 SH Sole 6234633 507671 American Express COM 025816109 3981 92750 SH Sole 86300 6450 American Tower Corp Cl A COM 029912201 3687 71400 SH Sole 71400 Anheuser-Busch InBev ADR COM 03524a108 124969 2188980 SH Sole 2010215 178765 Aptargroup Inc COM 038336103 851 17884 SH Sole 16884 1000 BB&T Corp COM 054937107 661 25150 SH Sole 25150 Berkshire Hathaway Inc Cl A COM 084670108 417961 3470 SH Sole 3140 330 Berkshire Hathaway Inc Cl B COM 084670702 112529 1404683 SH Sole 1261146 143537 BP PLC ADR COM 055622104 375 8486 SH Sole 8086 400 Brown-Forman Corp Cl A COM 115637100 108921 1569066 SH Sole 1444137 124929 Brown-Forman Corp Cl B COM 115637209 8149 117051 SH Sole 103305 13746 Carlisle Inc COM 142339100 2569 64638 SH Sole 64638 Chevron Corp COM 166764100 6191 67842 SH Sole 66667 1175 Cisco Sys Inc COM 17275r102 1284 63450 SH Sole 63450 Coca-Cola COM 191216100 3944 59961 SH Sole 44735 15226 Comcast Corp New Cl A COM 20030n101 659 29986 SH Sole 29742 244 Comcast Corp Special Cl A COM 20030n200 152877 7346312 SH Sole 6762832 583480 Conocophillips COM 20825c104 1637 24031 SH Sole 22831 1200 Costco Whsl Corp COM 22160k105 1862 25780 SH Sole 24980 800 Crane COM 224399105 8013 195097 SH Sole 173642 21455 Deere & Co COM 244199105 837 10075 SH Sole 9850 225 Diageo PLC Sponsored ADR COM 25243q205 35040 471412 SH Sole 417372 54040 Disney Walt Productions COM 254687106 532 14175 SH Sole 13325 850 Dover Corp COM 260003108 2066 35350 SH Sole 28050 7300 Du Pont E I De Nemours COM 263534109 854 17118 SH Sole 17118 Exxon Mobil Corp COM 30231g102 14165 193719 SH Sole 179822 13897 Fomento Economico Mex Sp ADR COM 344419106 5012 89625 SH Sole 55650 33975 Fulton Finl Corp COM 360271100 1122 108540 SH Sole 80815 27725 General Dynamics Corp COM 369550108 656 9250 SH Sole 9250 General Electric COM 369604103 339 18520 SH Sole 17350 1170 Goldman Sachs Group Inc COM 38141g104 9871 58700 SH Sole 53150 5550 Hasbro Inc COM 418056107 44452 942169 SH Sole 869541 72628 Heartland Express Inc COM 422347104 368 22965 SH Sole 20765 2200 Herman Miller Inc COM 600544100 14989 592441 SH Sole 511661 80780 Hormel Foods Corp COM 440452100 6706 130833 SH Sole 107083 23750 I B M COM 459200101 1409 9600 SH Sole 4600 5000 J.P. Morgan Chase COM 46625h100 776 18300 SH Sole 300 18000 Johnson & Johnson COM 478160104 905 14636 SH Sole 14336 300 Lamar Advertising Cl A COM 512815101 264 6625 SH Sole 5515 1110 Leucadia Natl Corp COM 527288104 3755 128686 SH Sole 128486 200 Lexington Corp PPTYS TR COM 529043101 190 23957 SH Sole 23957 Markel Corp COM 570535104 11032 29174 SH Sole 27044 2130 Martin Marietta Materials COM 573284106 138761 1504346 SH Sole 1389552 114793 Mastercard Inc Cl A COM 57636q104 133877 597372 SH Sole 543442 53930 Mattel Inc COM 577081102 580 22825 SH Sole 21325 1500 McCormick Inc COM 579780206 6747 145000 SH Sole 116950 28050 McDonalds Corp COM 580135101 611 7960 SH Sole 7810 150 Merck Inc COM 58933Y105 237 6586 SH Sole 4586 2000 Microsoft Corp COM 594918104 5435 194747 SH Sole 178667 16080 Monsanto COM 61166w101 234 3365 SH Sole 2900 465 Northern Trust Corp COM 665859104 277 5000 SH Sole 5000 Pepsico Inc COM 713448108 8128 124412 SH Sole 117112 7300 Philip Morris International In COM 718172109 454743 7769398 SH Sole 7110643 658755 Pioneer Nat Res COM 723787107 564 6500 SH Sole 6500 PNC Bank Corp COM 693475105 551 9074 SH Sole 8474 600 Praxair Inc COM 74005p104 3310 34675 SH Sole 29375 5300 Precision Castparts Corp COM 740189105 919 6600 SH Sole 6600 Procter & Gamble COM 742718109 12583 195606 SH Sole 174431 21175 Progressive Corp Ohio COM 743315103 2673 134514 SH Sole 111514 23000 Royal Dutch Shell PLC ADR A COM 780259206 3606 53994 SH Sole 37644 16350 Schlumberger LTD COM 806857108 549 6575 SH Sole 6575 Scotts Miracle-Gro Cl A COM 810186106 286 5625 SH Sole 2450 3175 Scripps Networks Interactive C COM 811065101 86491 1671323 SH Sole 1534536 136787 Staples Inc COM 855030102 5783 253980 SH Sole 230330 23650 Susquehanna Bancshrs Inc COM 869099101 190 19581 SH Sole 19581 Swiss Helvetia FD Inc COM 870875101 271 20000 SH Sole 20000 Tigerlogic Corp COM 8867eq101 48 10000 SH Sole 10000 Time Warner Inc COM 887317303 248 7715 SH Sole 1049 6666 Unilever NV COM 904784709 185747 5915512 SH Sole 5388062 527450 Visa Inc Cl A COM 92826c839 1763 25050 SH Sole 25050 Vornado RLTY TR COM 929042109 833 10000 SH Sole 10000 Vulcan Materials COM 929160109 590 13300 SH Sole 11900 1400 Wal Mart Stores Inc COM 931142103 1309 24272 SH Sole 22018 2254 Washington Post Cl B COM 939640108 59318 134968 SH Sole 125696 9272 Wells Fargo COM 949746101 204866 6610717 SH Sole 6043996 566721