Value investor Tom Russo did not buy any new positions in the second quarter. He only added to his largest positions such as Wells Fargo & Co., Berkshire Hathaway Inc. Cl A, Anheuserbusch Inbev Sa/nv, Mastercard Cl A, Unilever N.v. Ads, Philip Morris International, Visa, American Express Co. etc, according to the most recent filings of his investment company, Gardner Russo & Gardner. As of 06/30/2011, Gardner Russo & Gardner owns 117 stocks with a total value of $5.3 billion. These are the details of the buys and sells.
Tom Russo is known for his favors in tobacco, liquor and food companies. He also likes to invest in international companies because he thinks they are better managed and think long term. Long term US dollar devaluation has helped his performances.
Tom Russo also bought into Wells Fargo warrants and JPMorgan Chase warrants. These warrants are sold by US government, which received from the banks during the TARP program. As pointed by Francis Chou, this is an interesting way to invest in banks.
This is the portfolio chart of Tom Russo. 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.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Tom Russo
Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Co. has a market cap of $149.68 billion; its shares were traded at around $28.3 with a P/E ratio of 10.9 and P/S ratio of 1.6. The dividend yield of Wells Fargo & Co. stocks is 1.7%. Wells Fargo & Co. had an annual average earnings growth of 5.4% over the past 10 years.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. Cl A has a market cap of $185.13 billion; its shares were traded at around $112336 with a P/E ratio of 17.3 and P/S ratio of 1.4. Berkshire Hathaway Inc. Cl A had an annual average earnings growth of 18.2% over the past 10 years.
Anheuser-Busch Companies is the holding company parent of Anheuser-BuschIncorporated and to a number of subsidiaries that conduct variousother business operations. Anheuserbusch Inbev Sa/nv has a market cap of $93.92 billion; its shares were traded at around $58.5 with a P/E ratio of 17.7 and P/S ratio of 2.5. The dividend yield of Anheuserbusch Inbev Sa/nv stocks is 1.6%.
MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Cl A has a market cap of $39.05 billion; its shares were traded at around $306.9 with a P/E ratio of 20.7 and P/S ratio of 7.1. The dividend yield of Mastercard Cl A stocks is 0.2%.
Unilever is one of the world's largest consumer products companies. Unilever N.v. Ads has a market cap of $97.24 billion; its shares were traded at around $32.63 with a P/E ratio of 15.5 and P/S ratio of 1.6. The dividend yield of Unilever N.v. Ads stocks is 3%.
Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International has a market cap of $128.67 billion; its shares were traded at around $72.35 with a P/E ratio of 16.6 and P/S ratio of 1.9. The dividend yield of Philip Morris International stocks is 3.5%.
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 Co. has a market cap of $60.77 billion; its shares were traded at around $50.55 with a P/E ratio of 12.9 and P/S ratio of 2.2. The dividend yield of American Express Co. stocks is 1.4%.
VISA operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa has a market cap of $72.15 billion; its shares were traded at around $86.92 with a P/E ratio of 19.8 and P/S ratio of 9. The dividend yield of Visa stocks is 0.7%.
Royal Dutch Petroleum Company owns 60% of the Royal Dutch/Shell Group of companies. Royal Dutch Shell Ads Cl A has a market cap of $230.2 billion; its shares were traded at around $73.55 with a P/E ratio of 10.4 and P/S ratio of 0.6. The dividend yield of Royal Dutch Shell Ads Cl A stocks is 3.9%. Royal Dutch Shell Ads Cl A had an annual average earnings growth of 6.3% over the past 10 years. GuruFocus rated Royal Dutch Shell Ads Cl A the business predictability rank of 2.5-star.
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 Co. has a market cap of $4.37 billion; its shares were traded at around $33.83 with and P/S ratio of 1.7. The dividend yield of Vulcan Materials Co. stocks is 3%.
The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. Cocacola Co. has a market cap of $157.52 billion; its shares were traded at around $68.81 with a P/E ratio of 18.8 and P/S ratio of 4.5. The dividend yield of Cocacola Co. stocks is 2.7%. Cocacola Co. had an annual average earnings growth of 7.3% over the past 10 years. GuruFocus rated Cocacola Co. the business predictability rank of 4-star.
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PepsiCo, Inc. consists of: Frito-Lay Company, Pepsi-Cola Company, and Tropicana Products. Pepsico Inc. has a market cap of $100.99 billion; its shares were traded at around $63.89 with a P/E ratio of 15.2 and P/S ratio of 1.8. The dividend yield of Pepsico Inc. stocks is 3.2%. Pepsico Inc. had an annual average earnings growth of 8.5% over the past 10 years. GuruFocus rated Pepsico Inc. the business predictability rank of 4.5-star.
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. has a market cap of $9.74 billion; its shares were traded at around $12.46 with a P/E ratio of 13.1 and P/S ratio of 0.6.
Tom Russo is known for his favors in tobacco, liquor and food companies. He also likes to invest in international companies because he thinks they are better managed and think long term. Long term US dollar devaluation has helped his performances.
Tom Russo also bought into Wells Fargo warrants and JPMorgan Chase warrants. These warrants are sold by US government, which received from the banks during the TARP program. As pointed by Francis Chou, this is an interesting way to invest in banks.
This is the portfolio chart of Tom Russo. 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.
- New Purchases: WFC.WS, JPM.WS,
- Added Positions: WFC, BRK.A, BUD, MA, UN, PM, V, AXP, RDS.A, KO, VMC,
- Reduced Positions: PEP,
- Sold Out: AES,
This is the sector weightings of his portfolio:
| Not Assigned | 44.5% |
| Consumer Goods | 26.1% |
| Financials | 19.6% |
| Consumer Services | 5.8% |
| Industrials | 2.7% |
| Oil & Gas | 0.5% |
| Health Care | 0.5% |
| Technology | 0.2% |
| Basic Materials | 0.1% |
These are the top 5 holdings of Tom Russo
- Nestle S A Reg (NSRGY) - 9,948,147 shares, 11.6592% of the total portfolio. Shares added by 1.9%
- Philip Morris International (PM) - 8,126,378 shares, 10.2478% of the total portfolio. Shares added by 1.68%
- Berkshire Hathaway Inc. Cl A (BRK.A) - 3,715 shares, 8.1463% of the total portfolio. Shares added by 4.47%
- CIE FINANCIERE RICH (CFRHF) - 5,953,888 shares, 7.3519% of the total portfolio. Shares added by 1.09%
- HEINEKEN HOLDING (HKHHF) - 7,016,300 shares, 6.7781% of the total portfolio. Shares added by 2.24%
Added: Wells Fargo & Co. (WFC, Financial)
Tom Russo added to his holdings in Wells Fargo & Co. by 17.7%. His purchase prices were between $25.36 and $32.4, with an estimated average price of $28.41. The impact to his portfolio due to this purchase was 0.64%. His holdings were 8,075,615 shares as of 06/30/2011.Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage and consumer finance services through stores, its Internet site and other distribution channels across North America as well as internationally. Wells Fargo & Co. has a market cap of $149.68 billion; its shares were traded at around $28.3 with a P/E ratio of 10.9 and P/S ratio of 1.6. The dividend yield of Wells Fargo & Co. stocks is 1.7%. Wells Fargo & Co. had an annual average earnings growth of 5.4% over the past 10 years.
Added: Berkshire Hathaway Inc. Cl A (BRK.A, Financial)
Tom Russo added to his holdings in Berkshire Hathaway Inc. Cl A by 4.47%. His purchase prices were between $110700 and $125360, with an estimated average price of $118427. The impact to his portfolio due to this purchase was 0.35%. His holdings were 3,715 shares as of 06/30/2011.Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. Cl A has a market cap of $185.13 billion; its shares were traded at around $112336 with a P/E ratio of 17.3 and P/S ratio of 1.4. Berkshire Hathaway Inc. Cl A had an annual average earnings growth of 18.2% over the past 10 years.
Added: Anheuserbusch Inbev Sa/nv (BUD, Financial)
Tom Russo added to his holdings in Anheuserbusch Inbev Sa/nv by 11.17%. His purchase prices were between $55.65 and $63.97, with an estimated average price of $59.36. The impact to his portfolio due to this purchase was 0.32%. His holdings were 2,866,488 shares as of 06/30/2011.Anheuser-Busch Companies is the holding company parent of Anheuser-BuschIncorporated and to a number of subsidiaries that conduct variousother business operations. Anheuserbusch Inbev Sa/nv has a market cap of $93.92 billion; its shares were traded at around $58.5 with a P/E ratio of 17.7 and P/S ratio of 2.5. The dividend yield of Anheuserbusch Inbev Sa/nv stocks is 1.6%.
Added: Mastercard Cl A (MA, Financial)
Tom Russo added to his holdings in Mastercard Cl A by 7.99%. His purchase prices were between $253.55 and $309.7, with an estimated average price of $274.05. The impact to his portfolio due to this purchase was 0.31%. His holdings were 744,059 shares as of 06/30/2011.MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Cl A has a market cap of $39.05 billion; its shares were traded at around $306.9 with a P/E ratio of 20.7 and P/S ratio of 7.1. The dividend yield of Mastercard Cl A stocks is 0.2%.
Added: Unilever N.v. Ads (UN, Financial)
Tom Russo added to his holdings in Unilever N.v. Ads by 4.8%. His purchase prices were between $31.35 and $33.5, with an estimated average price of $32.36. The impact to his portfolio due to this purchase was 0.18%. His holdings were 6,485,557 shares as of 06/30/2011.Unilever is one of the world's largest consumer products companies. Unilever N.v. Ads has a market cap of $97.24 billion; its shares were traded at around $32.63 with a P/E ratio of 15.5 and P/S ratio of 1.6. The dividend yield of Unilever N.v. Ads stocks is 3%.
Added: Philip Morris International (PM, Financial)
Tom Russo added to his holdings in Philip Morris International by 1.68%. His purchase prices were between $64.92 and $71.75, with an estimated average price of $67.9. The impact to his portfolio due to this purchase was 0.17%. His holdings were 8,126,378 shares as of 06/30/2011.Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International has a market cap of $128.67 billion; its shares were traded at around $72.35 with a P/E ratio of 16.6 and P/S ratio of 1.9. The dividend yield of Philip Morris International stocks is 3.5%.
Added: American Express Co. (AXP, Financial)
Tom Russo added to his holdings in American Express Co. by 33.82%. His purchase prices were between $45.36 and $51.82, with an estimated average price of $48.71. The impact to his portfolio due to this purchase was 0.03%. His holdings were 123,650 shares as of 06/30/2011.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 Co. has a market cap of $60.77 billion; its shares were traded at around $50.55 with a P/E ratio of 12.9 and P/S ratio of 2.2. The dividend yield of American Express Co. stocks is 1.4%.
Added: Visa (V, Financial)
Tom Russo added to his holdings in Visa by 41.59%. His purchase prices were between $73.37 and $86.57, with an estimated average price of $77.63. The impact to his portfolio due to this purchase was 0.03%. His holdings were 69,875 shares as of 06/30/2011.VISA operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa has a market cap of $72.15 billion; its shares were traded at around $86.92 with a P/E ratio of 19.8 and P/S ratio of 9. The dividend yield of Visa stocks is 0.7%.
Added: Royal Dutch Shell Ads Cl A (RDS.A, Financial)
Tom Russo added to his holdings in Royal Dutch Shell Ads Cl A by 32.6%. His purchase prices were between $67.36 and $77.61, with an estimated average price of $71.39. The impact to his portfolio due to this purchase was 0.02%. His holdings were 69,344 shares as of 06/30/2011.Royal Dutch Petroleum Company owns 60% of the Royal Dutch/Shell Group of companies. Royal Dutch Shell Ads Cl A has a market cap of $230.2 billion; its shares were traded at around $73.55 with a P/E ratio of 10.4 and P/S ratio of 0.6. The dividend yield of Royal Dutch Shell Ads Cl A stocks is 3.9%. Royal Dutch Shell Ads Cl A had an annual average earnings growth of 6.3% over the past 10 years. GuruFocus rated Royal Dutch Shell Ads Cl A the business predictability rank of 2.5-star.
Added: Vulcan Materials Co. (VMC, Financial)
Tom Russo added to his holdings in Vulcan Materials Co. by 192.67%. His purchase prices were between $36.97 and $46.28, with an estimated average price of $41. The impact to his portfolio due to this purchase was 0.02%. His holdings were 38,925 shares as of 06/30/2011.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 Co. has a market cap of $4.37 billion; its shares were traded at around $33.83 with and P/S ratio of 1.7. The dividend yield of Vulcan Materials Co. stocks is 3%.
Added: Cocacola Co. (KO, Financial)
Tom Russo added to his holdings in Cocacola Co. by 21%. His purchase prices were between $64.93 and $68.46, with an estimated average price of $66.84. The impact to his portfolio due to this purchase was 0.02%. His holdings were 71,161 shares as of 06/30/2011.The Coca-Cola Company is the world's largest beverage company and is the producer and marketer of soft drinks. Cocacola Co. has a market cap of $157.52 billion; its shares were traded at around $68.81 with a P/E ratio of 18.8 and P/S ratio of 4.5. The dividend yield of Cocacola Co. stocks is 2.7%. Cocacola Co. had an annual average earnings growth of 7.3% over the past 10 years. GuruFocus rated Cocacola Co. the business predictability rank of 4-star.
New Purchase: Wells Fargo & Co. Wt (WFC.WS, Financial)
Tom Russo initiated holdings in Wells Fargo & Co. Wt. His purchase prices were between $8.72 and $11.47, with an estimated average price of $10.01. The impact to his portfolio due to this purchase was 0.02%. His holdings were 107,750 shares as of 06/30/2011..
New Purchase: Jpmorgan Chase & Co. Wt (JPM.WS)
Tom Russo initiated holdings in Jpmorgan Chase & Co. Wt. His purchase prices were between $12.6 and $17.55, with an estimated average price of $14.83. The impact to his portfolio due to this purchase was 0.01%. His holdings were 52,500 shares as of 06/30/2011..
Reduced: Pepsico Inc. (PEP)
Tom Russo reduced to his holdings in Pepsico Inc. by 27.52%. His sale prices were between $65.09 and $71.78, with an estimated average price of $68.83. The impact to his portfolio due to this sale was -0.04%. Tom Russo still held 92,474 shares as of 06/30/2011.PepsiCo, Inc. consists of: Frito-Lay Company, Pepsi-Cola Company, and Tropicana Products. Pepsico Inc. has a market cap of $100.99 billion; its shares were traded at around $63.89 with a P/E ratio of 15.2 and P/S ratio of 1.8. The dividend yield of Pepsico Inc. stocks is 3.2%. Pepsico Inc. had an annual average earnings growth of 8.5% over the past 10 years. GuruFocus rated Pepsico Inc. the business predictability rank of 4.5-star.
Sold Out: Aes Corp. (AES)
Tom Russo sold out his holdings in Aes Corp.. His sale prices were between $12.07 and $13.26, with an estimated average price of $12.68.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. has a market cap of $9.74 billion; its shares were traded at around $12.46 with a P/E ratio of 13.1 and P/S ratio of 0.6.
