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Gardner Russo & Gardner Buys AnheuserBusch InBev, Goldman Sachs Inc., Praxair Inc., Sells Wesco Financial, Monsanto Company, Lamar Advertising

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Tom Russo of Gardner Russo & Gardner likes to buy alcohol, cigarette companies. He is buying again into these companies. This is the Q2 portfolio update of his firm.

Mr. Russo runs a concentrated portfolio with his hedge fund. Some of the small positions are from his partners in the firm. He likes large cap high quality companies in general. He likes the consistency of the alcohol and cigarette business. He likes Berkshire Hathaway too, and had made it the largest position in his fund for many years.

Tom Russo buys Anheuserbusch Inbev, Goldman Sachs Group Inc. The, sells Royal Dutch Shell Plc, Monsanto Company, Lamar Advertising Company, Wesco Financial Corp, Armstrong World Industries Inc., Pozen Inc. during the 3-months ended 06/30/2010, according to the most recent filings of his investment company, Gardner Russo & Gardner. Tom Russo owns 85 stocks with a total value of $2.1 billion. These are the details of the buys and sells.

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 40.8%
Financials 35.1%
Consumer Services 14.3%
Industrials 6.7%
Oil & Gas 1.1%
Health Care 1%
Technology 0.5%
Basic Materials 0.2%


These are the top 5 holdings of Tom Russo

  1. Berkshire Hathaway Inc. (BRK.A) - 3,362 shares, 18.99% of the total portfolio. Shares added by 0.27%
  2. PHILIP MORRIS INTERNATIONAL INC (PM) - 7,424,875 shares, 16.02% of the total portfolio. Shares added by 4.13%
  3. Comcast Corp. Special (CMCSK) - 8,523,637 shares, 6.59% of the total portfolio. Shares reduced by 12.35%
  4. Wells Fargo & Company (WFC) - 5,450,277 shares, 6.57% of the total portfolio. Shares reduced by 8.4%
  5. Unilever N.V. New York Registry (UN) - 5,064,326 shares, 6.51% of the total portfolio. Shares added by 10.94%


Added: MasterCard Inc. (MA)

Tom Russo added to his holdings in Mastercard Inc. by 218.74%. His purchase prices were between $195.46 and $267.22, with an estimated average price of $228.26. The impact to his portfolio due to this purchase was 2.09%. His holdings were 323,940 shares as of 06/30/2010.

Mastercard Inc. has a market cap of $27.26 billion; its shares were traded at around $210.04 with a P/E ratio of 17.45 and P/S ratio of 5.35. The dividend yield of Mastercard Inc. stocks is 0.29%.

Added: Unilever N.v. New York Registry (UN)

Tom Russo added to his holdings in Unilever N.v. New York Registry by 10.94%. His purchase prices were between $26.12 and $31.29, with an estimated average price of $28.94. The impact to his portfolio due to this purchase was 0.64%. His holdings were 5,064,326 shares as of 06/30/2010.

Unilever is one of the world's largest consumer products companies. Unilever N.v. New York Registry has a market cap of $82.25 billion; its shares were traded at around $29.49 with and P/S ratio of 1.48. The dividend yield of Unilever N.v. New York Registry stocks is 2.72%.

Added: Philip Morris International Inc (PM)

Tom Russo added to his holdings in Philip Morris International Inc by 4.13%. His purchase prices were between $43.17 and $52.95, with an estimated average price of $47.58. The impact to his portfolio due to this purchase was 0.64%. His holdings were 7,424,875 shares as of 06/30/2010.

Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International Inc has a market cap of $94.52 billion; its shares were traded at around $51.04 with a P/E ratio of 14.02 and P/S ratio of 1.52. The dividend yield of Philip Morris International Inc stocks is 4.55%.

Added: Praxair Inc. (PX)

Tom Russo added to his holdings in Praxair Inc. by 456.93%. His purchase prices were between $74.12 and $88.27, with an estimated average price of $80.93. The impact to his portfolio due to this purchase was 0.11%. His holdings were 37,175 shares as of 06/30/2010.

Praxair is one of the largest industrial gases companies in North and South America. Praxair Inc. has a market cap of $26.56 billion; its shares were traded at around $86.82 with a P/E ratio of 19.78 and P/S ratio of 2.97. The dividend yield of Praxair Inc. stocks is 2.07%. Praxair Inc. had an annual average earning growth of 10.8% over the past 10 years. GuruFocus rated Praxair Inc. the business predictability rank of 4-star.

Added: Fomento Economico Mexicano S.a.b. De C.v (FMX)

Tom Russo added to his holdings in Fomento Economico Mexicano S.a.b. De C.v by 152.24%. His purchase prices were between $40.73 and $48.75, with an estimated average price of $45.33. The impact to his portfolio due to this purchase was 0.1%. His holdings were 84,500 shares as of 06/30/2010.

FOMENTO ECO-ADR is Latin America's largest beverage company, exporting to the United States, Canada, and select countries in Europe, Asia, and Latin America. Fomento Economico Mexicano S.a.b. De C.v has a market cap of $17.42 billion; its shares were traded at around $48.68 with a P/E ratio of 20.37 and P/S ratio of 1.16. The dividend yield of Fomento Economico Mexicano S.a.b. De C.v stocks is 1%. Fomento Economico Mexicano S.a.b. De C.v had an annual average earning growth of 31.5% over the past 10 years. GuruFocus rated Fomento Economico Mexicano S.a.b. De C.v the business predictability rank of 1-star.

Added: The CocaCola Company (KO)

Tom Russo added to his holdings in The Cocacola Company by 69.81%. His purchase prices were between $50.08 and $55.32, with an estimated average price of $52.84. The impact to his portfolio due to this purchase was 0.06%. His holdings were 60,676 shares as of 06/30/2010.

The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. The Cocacola Company has a market cap of $127.14 billion; its shares were traded at around $55.11 with a P/E ratio of 16.5 and P/S ratio of 4.1. The dividend yield of The Cocacola Company stocks is 3.19%. The Cocacola Company had an annual average earning growth of 8.9% over the past 10 years. GuruFocus rated The Cocacola Company the business predictability rank of 3.5-star.

Added: American Express Company (AXP)

Tom Russo added to his holdings in American Express Company by 38.72%. His purchase prices were between $37.71 and $48.05, with an estimated average price of $42.51. The impact to his portfolio due to this purchase was 0.05%. His holdings were 93,155 shares as of 06/30/2010.

American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Company has a market cap of $53.62 billion; its shares were traded at around $44.64 with a P/E ratio of 24.13 and P/S ratio of 2.19. The dividend yield of American Express Company stocks is 1.61%.

Added: Precision Castparts Corp. (PCP)

Tom Russo added to his holdings in Precision Castparts Corp. by 187.5%. His purchase prices were between $102.75 and $134.49, with an estimated average price of $119.46. The impact to his portfolio due to this purchase was 0.02%. His holdings were 6,900 shares as of 06/30/2010.

Precision Castparts Corp. is a worldwide manufacturer of complex metal components and products. Precision Castparts Corp. has a market cap of $17.37 billion; its shares were traded at around $122.19 with a P/E ratio of 18.91 and P/S ratio of 3.17. The dividend yield of Precision Castparts Corp. stocks is 0.1%. Precision Castparts Corp. had an annual average earning growth of 19.9% over the past 10 years.

Added: International Business Machines Corp (IBM)

Tom Russo added to his holdings in International Business Machines Corp by 36.86%. His purchase prices were between $122.1 and $132.68, with an estimated average price of $128.09. The impact to his portfolio due to this purchase was 0.01%. His holdings were 7,460 shares as of 06/30/2010.

IBM uses advanced information technology to provide customer solutions. International Business Machines Corp has a market cap of $164.65 billion; its shares were traded at around $128.4 with a P/E ratio of 12.15 and P/S ratio of 1.72. The dividend yield of International Business Machines Corp stocks is 2.02%. International Business Machines Corp had an annual average earning growth of 10.7% over the past 10 years.

New Purchase: AnheuserBusch Inbev (BUD)

Tom Russo initiated holdings in Anheuserbusch Inbev. His purchase prices were between $45.8 and $52.35, with an estimated average price of $49.1. The impact to his portfolio due to this purchase was 1.41%. His holdings were 625,995 shares as of 06/30/2010.

Anheuser-Busch Companies is the holding company parent of Anheuser-BuschIncorporated and to a number of subsidiaries that conduct variousother business operations. Anheuserbusch Inbev has a market cap of $85.12 billion; its shares were traded at around $53.06 with a P/E ratio of 20.81 and P/S ratio of 2.32. The dividend yield of Anheuserbusch Inbev stocks is 0.73%.

New Purchase: Goldman Sachs Group Inc. The (GS)

Tom Russo initiated holdings in Goldman Sachs Group Inc. The. His purchase prices were between $133.44 and $184.27, with an estimated average price of $148.68. The impact to his portfolio due to this purchase was 0.22%. His holdings were 35,650 shares as of 06/30/2010.

Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $77.64 billion; its shares were traded at around $150.82 with a P/E ratio of 6.92 and P/S ratio of 1.5. The dividend yield of Goldman Sachs Group Inc. The stocks is 0.93%. Goldman Sachs Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.

Reduced: Tigerlogic Corp. (TIGR)

Tom Russo reduced to his holdings in Tigerlogic Corp. by 50%. His sale prices were between $3.2 and $5.21, with an estimated average price of $3.87. The impact to his portfolio due to this sale was less than 0.01%. Tom Russo still held 10,000 shares as of 06/30/2010.

TIGERLOGIC's installed customer base includes more than five lac active users representing more than 20,000 customer sites worldwide, with a significant base of diverse vertical applications. Tigerlogic Corp. has a market cap of $107.55 million; its shares were traded at around $3.85 with and P/S ratio of 7.72.

Reduced: Bp P.l.c. (BP)

Tom Russo reduced to his holdings in Bp P.l.c. by 22.12%. His sale prices were between $27.02 and $60.57, with an estimated average price of $45.52. The impact to his portfolio due to this sale was less than 0.01%. Tom Russo still held 9,311 shares as of 06/30/2010.

BP p.l.c. is the holding company of one of the world's largest petroleum and petrochemicals groups. Bp P.l.c. has a market cap of $120.44 billion; its shares were traded at around $38.47 with a P/E ratio of 5.43 and P/S ratio of 0.49. Bp P.l.c. had an annual average earning growth of 20.3% over the past 10 years. GuruFocus rated Bp P.l.c. the business predictability rank of 3-star.

Reduced: Pioneer Natural Resources Company (PXD)

Tom Russo reduced to his holdings in Pioneer Natural Resources Company by 23.68%. His sale prices were between $56.4 and $71.66, with an estimated average price of $63.69. The impact to his portfolio due to this sale was less than 0.01%. Tom Russo still held 8,700 shares as of 06/30/2010.

Pioneer Natural Resources is an oil and gas exploration and production company with ownership interests in oil and gas properties located in the United States, Argentina, Canada, South Africa and Gabon. Pioneer Natural Resources Company has a market cap of $6.71 billion; its shares were traded at around $57.92 with a P/E ratio of 54.13 and P/S ratio of 3.92. The dividend yield of Pioneer Natural Resources Company stocks is 0.14%. Pioneer Natural Resources Company had an annual average earning growth of 6.2% over the past 10 years.

Reduced: 3m Company (MMM)

Tom Russo reduced to his holdings in 3m Company by 21.94%. His sale prices were between $74.74 and $89.81, with an estimated average price of $82.38. The impact to his portfolio due to this sale was -0.01%. Tom Russo still held 7,650 shares as of 06/30/2010.

3M Company is a diversified technology company with positions in consumer and office; display and graphics; electronics and telecommunications; health care; industrial; safety, security and protection services; transportation and other businesses. 3m Company has a market cap of $61 billion; its shares were traded at around $85.54 with a P/E ratio of 15.25 and P/S ratio of 2.64. The dividend yield of 3m Company stocks is 2.45%. 3m Company had an annual average earning growth of 10.3% over the past 10 years. GuruFocus rated 3m Company the business predictability rank of 3.5-star.

Reduced: Aes Corp. The (AES)

Tom Russo reduced to his holdings in Aes Corp. The by 50.52%. His sale prices were between $9.22 and $12.37, with an estimated average price of $10.71. The impact to his portfolio due to this sale was -0.01%. Tom Russo still held 28,400 shares as of 06/30/2010.

AES Corporation and its subsidiaries and affiliates are a global power company committed to serving the world's needs for electricity in a socially responsible way. Aes Corp. The has a market cap of $8.2 billion; its shares were traded at around $10.31 with a P/E ratio of 10.11 and P/S ratio of 0.58. Aes Corp. The had an annual average earning growth of 2.2% over the past 10 years.

Reduced: Vornado Realty Trust (VNO)

Tom Russo reduced to his holdings in Vornado Realty Trust by 43.22%. His sale prices were between $71.79 and $86.36, with an estimated average price of $78.42. The impact to his portfolio due to this sale was -0.01%. Tom Russo still held 10,000 shares as of 06/30/2010.

Vornado Realty Trust is a fully-integrated real estate investment trust. Vornado Realty Trust has a market cap of $15.06 billion; its shares were traded at around $82.78 with a P/E ratio of 16.23 and P/S ratio of 5.49. The dividend yield of Vornado Realty Trust stocks is 3.14%. Vornado Realty Trust had an annual average earning growth of 5.3% over the past 10 years. GuruFocus rated Vornado Realty Trust the business predictability rank of 2.5-star.

Reduced: Vulcan Materials Company (VMC)

Tom Russo reduced to his holdings in Vulcan Materials Company by 33.49%. His sale prices were between $44.24 and $58.89, with an estimated average price of $50.81. The impact to his portfolio due to this sale was -0.02%. Tom Russo still held 32,575 shares as of 06/30/2010.

Vulcan Materials Company is the nation's foremost producer of constructionaggregates, a major producer of other construction materials and a leadingchemicals manufacturer, supplying chloralkali and other industrial andspecialty chemicals. Vulcan Materials Company has a market cap of $5.78 billion; its shares were traded at around $45.24 with a P/E ratio of 646.29 and P/S ratio of 2.15. The dividend yield of Vulcan Materials Company stocks is 2.21%.

Sold Out: Royal Dutch Shell Plc (RDS.B)

Tom Russo sold out his holdings in Royal Dutch Shell Plc. His sale prices were between $48.73 and $60.68, with an estimated average price of $54.08.

Royal Dutch Shell plc is the result of the unification of Royal Dutch and Shell Transport. Royal Dutch Shell Plc has a market cap of $163.81 billion; its shares were traded at around $53.42 with a P/E ratio of 12.8 and P/S ratio of 0.6. The dividend yield of Royal Dutch Shell Plc stocks is 6%.

Sold Out: Pozen Inc. (POZN)

Tom Russo sold out his holdings in Pozen Inc.. His sale prices were between $6.975 and $12.08, with an estimated average price of $8.81.

Pozen Inc. is pharmaceutical development company committed to building a portfolio of products with significant commercial potential in select therapeutic areas. Pozen Inc. has a market cap of $238.45 million; its shares were traded at around $7.98 with and P/S ratio of 7.41.

Sold Out: Monsanto Company (MON)

Tom Russo sold out his holdings in Monsanto Company. His sale prices were between $47.34 and $70.83, with an estimated average price of $57.38.

Monsanto is a global provider of technology-based solutions and agricultural products for growers and downstream customers, such as grain processors and consumers, in the agricultural markets. Monsanto Company has a market cap of $31.56 billion; its shares were traded at around $57.84 with a P/E ratio of 23.04 and P/S ratio of 2.69. The dividend yield of Monsanto Company stocks is 1.83%. Monsanto Company had an annual average earning growth of 18.2% over the past 10 years.

Sold Out: Lamar Advertising Company (LAMR)

Tom Russo sold out his holdings in Lamar Advertising Company. His sale prices were between $24.95 and $38.4, with an estimated average price of $32.12.

Lamar Advertising Company is one of the largest and most experienced owners and operators of outdoor advertising structures in the United States. Lamar Advertising Company has a market cap of $2.52 billion; its shares were traded at around $27.35 with and P/S ratio of 2.38. Lamar Advertising Company had an annual average earning growth of 6.3% over the past 10 years. GuruFocus rated Lamar Advertising Company the business predictability rank of 4.5-star.

Sold Out: Armstrong World Industries Inc. (AWI)

Tom Russo sold out his holdings in Armstrong World Industries Inc.. His sale prices were between $29.77 and $44.35, with an estimated average price of $37.33.

ARMSTRONG WORLD INDUSTRIES INC is a global leader in the design and manufacture of floors, ceilings and cabinets. Armstrong World Industries Inc. has a market cap of $2.1 billion; its shares were traded at around $36.56 with a P/E ratio of 33.54 and P/S ratio of 0.76.

Sold Out: Wesco Financial Corp (WSC)

Tom Russo sold out his holdings in Wesco Financial Corp. His sale prices were between $320 and $391.45, with an estimated average price of $362.98.

Wesco Financial Corp. is engaged in three principal businesses through wholly owned subsidiaries: the insurance business, through Wesco-Financial Insurance Company and The Kansas Bankers Surety Company; and the steel service center business, through Precision Steel Warehouse, Inc. Wesco Financial Corp has a market cap of $2.41 billion; its shares were traded at around $338.9 with a P/E ratio of 51.98 and P/S ratio of 2.97. The dividend yield of Wesco Financial Corp stocks is 0.48%.


Rating: 3.3/5 (13 votes)

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