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: June 30, 2011 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 July 29, 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: 117 Form 13F Information Table Value Total: 5,294,786 (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 ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- Berner Gruppen PFD PFD r10549112 208 3701 SH Sole 701 3000 Eaton Vance Sr Income TR SF SH BEN INT 27826s103 979 135998 SH Sole 135998 3M Company COM 88579y101 424 4475 SH Sole 475 4000 A T & T Inc COM 00206r102 244 7753 SH Sole 7675 78 Abbott Labs COM 002824100 22876 434745 SH Sole 387262 47483 Altria Group Inc COM 02209s103 186576 7064590 SH Sole 6557034 507556 American Express COM 025816109 6393 123650 SH Sole 117200 6450 American Tower Corp Cl A COM 029912201 3733 71330 SH Sole 71330 Anheuser-Busch InBev ADR COM 03524a108 166285 2866488 SH Sole 2644863 221625 Aptargroup Inc COM 038336103 936 17884 SH Sole 16884 1000 BB&T Corp COM 054937107 675 25150 SH Sole 25150 Berkshire Hathaway Inc Cl A COM 084670108 431330 3715 SH Sole 3390 325 Berkshire Hathaway Inc Cl B COM 084670702 115255 1489280 SH Sole 1328744 160536 BP PLC ADR COM 055622104 359 8110 SH Sole 7650 460 British Amern Tob PLC ADR COM 110448107 526 5975 SH Sole 5775 200 Brown-Forman Corp Cl A COM 115637100 122419 1700263 SH Sole 1574230 126033 Brown-Forman Corp Cl B COM 115637209 8168 109360 SH Sole 96864 12496 Carlisle Inc COM 142339100 2542 51634 SH Sole 51634 Chevron Corp COM 166764100 7011 68176 SH Sole 67001 1175 CIE Financiere Richemont-Unsp COM 204319107 1168 178650 SH Sole 147900 30750 Cisco Sys Inc COM 17275r102 921 59000 SH Sole 59000 Coca-Cola COM 191216100 4788 71161 SH Sole 55935 15226 Comcast Corp New Cl A COM 20030n101 759 29946 SH Sole 29702 244 Comcast Corp Special Cl A COM 20030n200 167004 6892436 SH Sole 6365890 526546 Conocophillips COM 20825c104 1804 23991 SH Sole 22791 1200 Costco Whsl Corp COM 22160k105 2094 25780 SH Sole 24980 800 Crane COM 224399105 9417 190597 SH Sole 169242 21355 Danaher Corp COM 235851102 372 7012 SH Sole 7012 Danone ADR COM 23636T100 3323 222750 SH Sole 144500 78250 Deere & Co COM 244199105 849 10300 SH Sole 10075 225 Diageo PLC Sponsored ADR COM 25243q205 39317 480241 SH Sole 424948 55293 Disney Walt Productions COM 254687106 553 14175 SH Sole 13325 850 Dover Corp COM 260003108 2465 36350 SH Sole 29050 7300 Du Pont E I De Nemours COM 263534109 929 17184 SH Sole 17184 Exxon Mobil Corp COM 30231g102 15903 195412 SH Sole 181415 13997 Fomento Economico Mex Sp ADR COM 344419106 7051 106050 SH Sole 71775 34275 Fulton Finl Corp COM 360271100 1056 98591 SH Sole 75981 22610 General Dynamics Corp COM 369550108 961 12900 SH Sole 12900 General Electric COM 369604103 257 13625 SH Sole 12455 1170 Goldman Sachs Group Inc COM 38141g104 8458 63550 SH Sole 57800 5750 Google Inc Cl A COM 38259p508 238 470 SH Sole 470 Hasbro Inc COM 418056107 41390 942189 SH Sole 871730 70459 Heartland Express Inc COM 422347104 335 20232 SH Sole 18032 2200 Heineken NV Unspons ADR COM 423012202 1225 40762 SH Sole 35162 5600 Herman Miller Inc COM 600544100 12599 462861 SH Sole 413311 49550 Hormel Foods Corp COM 440452100 6810 228446 SH Sole 186379 42067 I B M COM 459200101 1887 11002 SH Sole 6002 5000 J.P. Morgan Chase COM 46625h100 942 23000 SH Sole 5000 18000 Johnson & Johnson COM 478160104 871 13101 SH Sole 12801 300 Leucadia Natl Corp COM 527288104 3473 101850 SH Sole 101650 200 Lexington Corp PPTYS TR COM 529043101 219 23957 SH Sole 23957 Markel Corp COM 570535104 9283 23394 SH Sole 21564 1830 Martin Marietta Materials COM 573284106 123621 1545846 SH Sole 1434267 111578 Mastercard Inc Cl A COM 57636q104 224215 744059 SH Sole 681204 62855 Mattel Inc COM 577081102 622 22625 SH Sole 21125 1500 McCormick Inc COM 579780206 6841 138000 SH Sole 108866 29134 McDonalds Corp COM 580135101 642 7610 SH Sole 7460 150 Merck Inc COM 58933Y105 268 7586 SH Sole 5586 2000 Microsoft Corp COM 594918104 3463 133197 SH Sole 129917 3280 Monsanto COM 61166w101 231 3190 SH Sole 2725 465 Nestle SA-Spons. ADR COM 641069406 617328 9948147 SH Sole 9110268 837879 Northern Trust Corp COM 665859104 230 5000 SH Sole 5000 Occidental Petroleum Corp COM 674599105 221 2125 SH Sole 2125 Pepsico Inc COM 713448108 6513 92474 SH Sole 86074 6400 Pernod-Ricard SA-Unspon ADR COM 714264207 900 45655 SH Sole 38155 7500 Philip Morris International In COM 718172109 542598 8126378 SH Sole 7472372 654006 Pioneer Nat Res COM 723787107 564 6300 SH Sole 6300 PNC Bank Corp COM 693475105 1095 18374 SH Sole 17774 600 Praxair Inc COM 74005p104 3845 35475 SH Sole 30175 5300 Precision Castparts Corp COM 740189105 1087 6600 SH Sole 6600 Procter & Gamble COM 742718109 12385 194831 SH Sole 174531 20300 Progressive Corp Ohio COM 743315103 2611 122132 SH Sole 101354 20778 Royal Dutch Shell PLC ADR A COM 780259206 4932 69344 SH Sole 52994 16350 SABMiller PLC Sponsored ADR COM 78572m105 988 27100 SH Sole 22500 4600 Schlumberger LTD COM 806857108 568 6575 SH Sole 6575 Scotts Miracle-Gro Cl A COM 810186106 267 5200 SH Sole 2450 2750 Scripps Networks Interactive C COM 811065101 79138 1619030 SH Sole 1497991 121039 Staples Inc COM 855030102 3784 239480 SH Sole 215830 23650 Susquehanna Bancshrs Inc COM 869099101 157 19581 SH Sole 19581 Swiss Helvetia FD Inc COM 870875101 337 22500 SH Sole 22500 Tigerlogic Corp COM 8867eq101 41 10000 SH Sole 10000 Unilever NV ADR COM 904784709 213051 6485557 SH Sole 5950157 535400 Visa Inc Cl A COM 92826c839 5888 69875 SH Sole 68550 1325 Vornado RLTY TR COM 929042109 932 10000 SH Sole 10000 Vulcan Materials COM 929160109 1500 38925 SH Sole 35925 3000 Wal Mart Stores Inc COM 931142103 1306 24578 SH Sole 22324 2254 Washington Post Cl B COM 939640108 52287 124804 SH Sole 116739 8065 Wells Fargo COM 949746101 226602 8075615 SH Sole 7446311 629304 Yum Brands Inc COM 988498101 221 4000 SH Sole 4000 JP Morgan Chase & Co WTS Exp 1 WTS 46634e114 707 52500 SH Sole 52500 Wells Fargo WTS Exp 10/28/18 WTS 949746119 1002 107750 SH Sole 107750 A P Moller-Maersk A/S COM k0514g135 1357 164 SH Sole 34 130 Anglo American PLC COM g03764134 520 10500 SH Sole 3000 7500 Barry Callebaut AG COM h05072105 297 300 SH Sole 100 200 Berner Gruppen COM r10549104 9766 116454 SH Sole 103104 13350 BIC COM f10080103 2727 28225 SH Sole 9425 18800 British American Tobacco PLC COM g1510j102 179183 4086758 SH Sole 3755468 331290 Cir SPA COM t28980125 204 81500 SH Sole 81500 Compagnie Financiere Richemont COM h25662158 389265 5953888 SH Sole 5475655 478233 Diageo PLC COM g42089113 130076 6364619 SH Sole 5861591 503028 Groupe Danone COM f12033134 336 4500 SH Sole 4500 Heineken Holding NV COM n39338194 358887 7016300 SH Sole 6458606 557694 Heineken NV COM n39427211 5417 90103 SH Sole 35751 54352 Imperial Tobacco Group PLC COM g4721w102 258 7750 SH Sole 7000 750 JC Decaux SA ACT COM f5333n100 31269 975676 SH Sole 827566 148110 Lindt & Spruengli AG - Reg COM h49983176 1310 36 SH Sole 6 30 NHST Media Group COM r4700l117 2303 19009 SH Sole 18677 332 Pargesa Holding AG - B COM h60477207 3395 36700 SH Sole 14250 22450 Pernod Ricard COM f72027109 278922 2830377 SH Sole 2621375 209002 Reckitt Benckiser Group PLC COM g74079107 309 5600 SH Sole 5600 Roche Holding AG COM 001203204 263 1575 SH Sole 1575 SABMiller PLC COM g77395104 293544 8049426 SH Sole 7445565 603861 Schibsted A/S COM r75677105 211 6587 SH Sole 6587 Swedish Match AB COM w92277115 14931 444200 SH Sole 338900 105300 Syngenta AG COM h84140112 244 725 SH Sole 725 The Swatch Group AG-BR COM h83949141 21074 41869 SH Sole 33729 8140 Wal-Mart De Mexico S A COM p98180105 67 22650 SH Sole 22650