Tom Russo (Trades, Portfolio), general partner of the Semper Vic Partners and Semper Vic Partners (Q.P.) limited partnerships, says his funds are relatively concentrated, and you certainly can see a concentration in his investments in the third quarter – largely in food and drink stocks.
His investment philosophy emphasizes return on invested capital, principally through equity investments. Semper Vic Partners returned 24.4% in 2012, considerably better than 2011 (6.7%) and better than 2010 (21.5%).
New buys and additions
Russo bought one stock in the third quarter – CBS Outdoors America Inc (CBSO, Financial). He bought 9,555 shares at an average price of $32.74. New York-based CBS Outdoors America is “one of the largest lessors of advertising space on out-of-home advertising structures and sites across the U.S., Canada and Latin America,” according to its website.
Russo added to his holdings in six companies – Pernod Ricard NV (PDRDF, Financial), Nestle SA (NSRGY, Financial), CIE FINANCIERE RICHEMONT SA (CFRHF, Financial), Unilever NV (UN, Financial), Precision Castparts Corp (PCP, Financial) and LT Group Inc (LTG.Philippines).
The acquisition of 244,893 shares of Pernod Ricard at an average price of $115.76 had the greatest impact on his portfolio (0.26%). Pernod Ricard is an Irving, Texas-based premium spirits and wine company.
Russo’s purchase of 292,819 shares at an average price of $76.26 had an impact of 0.2%. Nestle is a Swiss multinational food and beverage company.
Russo added 212,228 shares to his stake in CIE FINANCIERE RICHEMONT SA, a Switzerland-based luxury goods holding company, at an average price of $94.75 per share. The purchase had a 0.16% impact on his portfolio.
Russo purchased 386,285 shares of Unilever NV, a multinational consumer goods company based in England and The Netherlands, at an average price of $41.65 per share. The transaction had an impact on his portfolio of 0.15%.
Divestitures and reductions
Russo sold all of his holdings in Monsanto Co (MON, Financial), a St. Louis-based multinational agrochemical and agricultural biotechnology corporation. Russo sold his 1,700 shares in the company at an average price of $116.96.
Russo reduced his holdings in three companies – Carlisle Companies Inc (CSL), Lamar Advertising Co (LAMR) and Goldman Sachs Group Inc (GS).
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