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Value Investor Tom Russo Buys Wells Fargo, Anheuserbusch Inbev, Berkshire Hathaway, Sells Comcast Corp.
Posted by: gurufocus (IP Logged)
Date: February 6, 2012 08:14AM

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).

Tom Russo loves high quality companies that are run by shareholder friendly management. He especially likes the one that run by family and has a long history. He invests a lot in consumer product companies that produces tobacco, food, and drinks. Many of his companies have large international operations. Over his career he has benefited from the dollar decline because he invests heavily in international companies.

In a conversation with GuruFocus, Tom Russo said he is always fully invested. He said the decision of asset allocation between cash and stocks is a hard one. So he leaves that to his clients.

As of 12/31/2011, Gardner Russo & Gardner owns 253 stocks with a total value of $5.4 billion. These are the details of the buys and sells that have the impact to portfolio of more than .1%. You can also find many small new positions in his portfolio. Apple (AAPL) is one of them. But according to Mr. Russo himself, he runs a relative concentrated portfolio himself in his fund Semper Vic Partners. The small positions are mainly from his partner at Gardner Russo & Gardner.

This is the portfolio chart of Gardner Russo & Gardner. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Tom Russo's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Russo

This is the sector weightings of his portfolio:

Consumer Goods 40.1%
Not Assigned 30.2%
Financials 21.3%
Consumer Services 4.3%
Industrials 2.5%
Oil & Gas 0.5%
Health Care 0.4%
Utilities 0.1%
Basic Materials 0.1%
Technology 0.1%


These are the top 5 holdings of Tom Russo

  1. Philip Morris International (PM) - 8,240,209 shares, 11.9% of the total portfolio. Shares added by 0.39%
  2. Nestle S A Reg (NSRGY) - 10,184,405 shares, 10.8% of the total portfolio. Shares added by 2.2%
  3. Berkshire Hathaway Inc. Cl A (BRK.A) - 3,943 shares, 8.3% of the total portfolio. Shares added by 2.84%
  4. CIE FINANCIERE RICH (CFRHF) - 6,435,006 shares, 6.0% of the total portfolio. Shares added by 3.77%
  5. HEINEKEN HOLDING (HKHHF) - 7,747,248 shares, 5.9% of the total portfolio. Shares added by 6.36%


Added: Wells Fargo & Co. (WFC)

Tom Russo added to his holdings in Wells Fargo & Co. by 6.4%. His purchase prices were between $23.18 and $27.785, with an estimated average price of $25.68. The impact to his portfolio due to this purchase was 0.28%. His holdings were 9,212,820 shares as of 12/31/2011.

Added: Berkshire Hathaway Inc. Cl A (BRK.A)

Tom Russo added to his holdings in Berkshire Hathaway Inc. Cl A by 2.84%. His purchase prices were between $105800 and $120380, with an estimated average price of $113874. The impact to his portfolio due to this purchase was 0.23%. His holdings were 3,943 shares as of 12/31/2011.

Added: Anheuserbusch Inbev Sa/nv (BUD)

Tom Russo added to his holdings in Anheuserbusch Inbev Sa/nv by 6.76%. His purchase prices were between $51.76 and $61.21, with an estimated average price of $56.83. The impact to his portfolio due to this purchase was 0.23%. His holdings were 3,264,028 shares as of 12/31/2011.

Added: Berkshire Hathaway B (BRK.B)

Tom Russo added to his holdings in Berkshire Hathaway B by 8.61%. His purchase prices were between $70.06 and $80.49, with an estimated average price of $75.78. The impact to his portfolio due to this purchase was 0.18%. His holdings were 1,653,419 shares as of 12/31/2011.

Added: Mastercard Cl A (MA)

Tom Russo added to his holdings in Mastercard Cl A by 2.38%. His purchase prices were between $307.66 and $380.96, with an estimated average price of $352.67. The impact to his portfolio due to this purchase was 0.12%. His holdings were 772,653 shares as of 12/31/2011.

Reduced: Comcast Corp. Special (CMCSK)

Tom Russo reduced to his holdings in Comcast Corp. Special by 28.5%. His sale prices were between $20.17 and $24.34, with an estimated average price of $22.61. The impact to his portfolio due to this sale was -0.86%. Tom Russo still held 4,931,911 shares as of 12/31/2011.




Guru Discussed: Tom Russo: Current Portfolio, Stock Picks
Stocks Discussed: WFC, MA, BRK.A, BRK.B, PM, AAPL, BUD,
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