Hendershot Investments

Hendershot Investments as of Dec. 31, 2011

Portfolio Holdings for Hendershot Investments

Hendershot Investments holds 0 positions in its portfolio as reported in the December 2011 quarterly 13F filing

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         FORM 13F INFORMATION TABLE
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                                                                  VALUE              PUT/            OTHER    VOTING AUTHORITY
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     NAME OF ISSUER        TITLE OF CLASS         CUSIP              Shares  SH/PRN  CALL DISCRETION MGRS   SOLE   SHARED   NONE
                                                             (x$1,000)
{S}                        {C}                 {C}             {C}   {C}       {C}          {C}           {C}             {C}
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3M CO                            COM           88579Y-10-1            31,766   SH           SOLE           29,586
                                                               2,596                                                       2,180
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ABBOTT  LABS                     COM           002824-10-0            68,398   SH           SOLE           63,983
                                                               3,846                                                       4,415
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ALTRIA GROUP INC                 COM           02209S-10-3           109,925   SH           SOLE          108,825
                                                               3,259                                                       1,100
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AMERICA MOVIL SAB DE CV    SPONSORED ADR L     02364W-10-5           132,272   SH           SOLE          132,272
                                SHRS                             150                                                           -
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APPLE INC                        COM           037833-10-0             6,568   SH           SOLE            6,059
                                                               2,660                                                         509
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AUTOMATIC DATA                   COM           053015-10-3            12,174   SH           SOLE           11,214
PROCESSING IN                                                    658                                                         960
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BAXTER INTL INC                  COM           071813-10-9            35,995   SH           SOLE           33,895
                                                               1,781                                                       2,100
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BECTON DICKINSON & CO            COM           075887-10-9            29,963   SH           SOLE           27,708
                                                               2,239                                                       2,255
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BERKSHIRE HATHAWAY INC          CL A           084670-10-8               2   SH           SOLE              200
DEL                                                              230                                                           -
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BERKSHIRE HATHAWAY INC        CL B NEW         084670-70-2            84,855   SH           SOLE           79,210
DEL                                                            6,474                                                       5,645
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BHP BILLITON PLC            SPONSORED ADR      05545E-20-9            13,100   SH           SOLE           11,940
                                                                 926                                                       1,160
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BRISTOL MYERS SQUIBB CO          COM           110122-10-8            78,330   SH           SOLE           77,530
                                                               2,760                                                         800
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BROWN FORMAN  INC               CL B           115637-20-9             4,589   SH           SOLE            4,189
                                                                 369                                                         400
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BARD C R INC                     COM           067383-10-9            10,005   SH           SOLE            9,190
                                                                 855                                                         815
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CANADIAN NATL RY CO              COM           136375-10-2             3,145   SH           SOLE            3,145
                                                                 247                                                           -
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CHEVRON CORP NEW                 COM           166764-10-0            26,541   SH           SOLE           25,704
                                                               2,824                                                         837
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CISCO SYS INC                    COM           17275R-10-2            97,762   SH           SOLE           89,600
                                                               1,768                                                       8,162
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CLOROX CO DEL                    COM           189054-10-9            29,830   SH           SOLE           28,175
                                                               1,985                                                       1,655
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COACH INC                        COM           189754-10-4             9,430   SH           SOLE            8,555
                                                                 576                                                         875
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COCA COLA   CO                   COM           191216-10-0            39,953   SH           SOLE           37,178
                                                               2,796                                                       2,775
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COMPUTER SCIENCES CORP           COM           205363-10-4            18,690   SH           SOLE              690
                                                                 443                                                      18,000
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EATON VANCE CORP             COM NON VTG       278265-10-3            18,405   SH           SOLE           16,910
                                                                 435                                                       1,495
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EMERSON ELEC CO                  COM           291011-10-4            59,663   SH           SOLE           56,368
                                                               2,780                                                       3,295
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EXPRESS SCRIPTS INC              COM           302182-10-0            44,782   SH           SOLE           40,262
                                                               2,001                                                       4,520
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EXXON MOBIL CORP                 COM           30231G-10-2            35,678   SH           SOLE           33,253
                                                               3,024                                                       2,425
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FASTENAL CO                      COM           311900-10-4            14,178   SH           SOLE           13,413
                                                                 618                                                         765
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FLUOR CORP NEW                   COM           343412-10-2            20,677   SH           SOLE           19,577
                                                               1,039                                                       1,100
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GENERAL DYNAMICS CORP            COM           369550-10-8            17,535   SH           SOLE           16,215
                                                               1,164                                                       1,320
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GENUINE PARTS CO                 COM           372460-10-5             9,461   SH           SOLE            8,746
                                                                 579                                                         715
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GILEAD SCIENCES INC              COM           375558-10-3            24,790   SH           SOLE           22,845
                                                               1,015                                                       1,945
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GOOGLE INC                      CL A           38259P-50-8             3,346   SH           SOLE            3,118
                                                               2,161                                                         228
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HORMEL FOODS CORP                COM           440452-10-0            11,547   SH           SOLE           10,557
                                                                 338                                                         990
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INTERNATIONAL BUSINESS           COM           459200-10-1             2,113   SH           SOLE            2,073
MACHS                                                            388                                                          40
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INFOSYS LTD                 SPONSORED ADR      456788-10-8             7,130   SH           SOLE            6,620
                                                                 366                                                         510
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JOHNSON & JOHNSON                COM           478160-10-4            54,891   SH           SOLE           51,431
                                                               3,600                                                       3,460
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KIMBERLY CLARK CORP              COM           494368-10-3            34,365   SH           SOLE           31,830
                                                               2,528                                                       2,535
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MCDONALDS CORP                   COM           580135-10-1             2,939   SH           SOLE            2,939
                                                                 295                                                           -
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MEDTRONIC INC                    COM           585055-10-6            30,670   SH           SOLE           27,490
                                                               1,173                                                       3,180
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MICROSOFT CORP                   COM           594918-10-4           130,028   SH           SOLE          121,228
                                                               3,376                                                       8,800
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NEWMONT MINING CORP              COM           651639-10-6            73,522   SH           SOLE           72,772
                                                               4,412                                                         750
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PATTERSON COMPANIES INC          COM           703395-10-3            21,049   SH           SOLE           19,964
                                                                 621                                                       1,085
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PAYCHEX INC                      COM           704326-10-7           107,810   SH           SOLE          100,995
                                                               3,246                                                       6,815
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PEPSICO INC                      COM           713448-10-8            57,989   SH           SOLE           54,394
                                                               3,848                                                       3,595
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PHILIP MORRIS INTL INC           COM           718172-10-9            44,225   SH           SOLE           43,825
                                                               3,471                                                         400
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PROCTER & GAMBLE CO              COM           742718-10-9            47,423   SH           SOLE           43,993
                                                               3,164                                                       3,430
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STRYKER CORP                     COM           863667-10-1            30,645   SH           SOLE           28,595
                                                               1,523                                                       2,050
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SYSCO CORP                       COM           871829-10-7            62,940   SH           SOLE           59,050
                                                               1,846                                                       3,890
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PRICE T ROWE GROUP INC           COM           74144T-10-8            15,305   SH           SOLE           13,835
                                                                 872                                                       1,470
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TJX COS INC NEW                  COM           872540-10-9            17,695   SH           SOLE           16,545
                                                               1,142                                                       1,150
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UNITED PARCEL SERVICE           CL B           911312-10-6            43,950   SH           SOLE           40,745
INC                                                            3,217                                                       3,205
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UNITED TECHNOLOGIES              COM           913017-10-9            23,030   SH           SOLE           21,690
CORP                                                           1,683                                                       1,340
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VSE CORP                         COM           918284-10-0            22,695   SH           SOLE           22,695
                                                                 551                                                           -
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WAL MART STORES INC              COM           931142-10-3            56,150   SH           SOLE           52,260
                                                               3,356                                                       3,890
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WALGREEN CO                      COM           931422-10-3            61,722   SH           SOLE           57,727
                                                               2,041                                                       3,995
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WESTERN UN CO                    COM           959802-10-9            43,449   SH           SOLE           40,384
                                                                 793                                                       3,065
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WESTWOOD HLDGS GROUP INC         COM           961765-10-4            23,340   SH           SOLE           22,520
                                                                 853                                                         820
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