European Shorting
Number of Stocks: 255
Number of New Stocks: 34
Total Value: $8,548 Mil
Q/Q Turnover: 6%
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This interview took place on May 2, before Tom Russo gave his presentation to the 10th Annual Value Investor Conference in Omaha. Russo is a partner at Gardner Russo & Gardner, a firm with over $5 billion under management. He was previously at the Sequoia Fund, and has degrees from Dartmouth and Stanford. Last year, his partnership returned 22%.
Renowned value investor Tom Russo made most of his money by investing in companies that produce food, drinks, cigarettes, as well as Berkshire Hathaway. He loves high-quality companies with family-oriented management. Over the past five years, his fund Semper Vic Partners averaged 6.8% a year, while the S&P500 gained just 1.5% a year. 
Tom Russo, a partner at Gardner Russo & Gardner, made additions to several of his positions in the third quarter. The investor has said previously that he buys only the largest holdings in the company’s $6.2 billion equity portfolio. Therefore, he increased the size of his positions: Berkshire Hathaway (BRK.B), Wells Fargo & Co. (WFC), Nestle SA (NSRGY) and MasterCard Inc. (MA).
Tom Russo, portfolio manager at Gardner Russo & Gardner, oversees roughly $5 billion and has a unique investing strategy. He buys stocks for an exceptionally long hold period, often decades. His favorite sectors are alcohol, tobacco and global luxury and consumer goods companies with plenty of emerging market growth. A company’s ability to reinvest also signals future profitability for him. 
Tom Russo, partner at Gardner Russo & Gardner overseeing $5 billion, has an investing strategy that bypasses all of the turmoil in the U.S. and abroad: looking for companies that have superior brands, long-term growth objectives and operations in emerging markets where their products are becoming affordable. He interviewed in Barron’s this weekend and talked about his favorite stocks. Three of them are Nestle (NSRGY), Diageo (DEO) and MasterCard (MA). 
Thomas Russo, a partner at Gardner Russo & Gardner talk about the outlook for Berkshire Hathaway Inc. and their investment strategies for the company's shares. 
Tom Russo is general partner at Gardner Russo & Gardner, overseeing $3 billion. His updated portfolio for the first quarter 2012 reveals additions to holdings of Berkshire Hathaway (BRK.A), Mastercard (MA), Anheuser Busch ADR (BUD) and Wells Fargo (WFC), among others. Tom Russo has been a partner at Gardner Russo & Gardner since 1989. He manages $3 billion as general partner of the Sempter Vic Partners and Semper Vic Partners (Q.P.) limited partnerships, as well as other funds. Russ0 has a 25-year cumulative return of 2754.9% compared to 979.9% for the S&P. Throughout his almost 30-year career, he has employed a consistent investing style, which is to buy quality, global holdings and hold for the radically long term (in some cases over two decades). Most of his stocks are in the food, beverage, advertising-supported media and tobacco industries. He prefers companies that are willing to make large investments in growth, even if it will cause the company’s short-term performance to suffer, and that have upstanding management (often family-owned), competitive moats and customer loyalty. 
Value investor Tom Russo just reported his 4th quarter portfolio. Tom Russo bought the companies that you can also find in Warren Buffett’s portfolio: Wells Fargo (WFC), MasterCard (MA), plus Berkshire Hathaway itself (BRK.A)(BRK.B).
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