Tom Russo oversees a multibillion dollar portfolio as the general partner of Semper Vic Partners and Semper Vic Partners. His performance for the past decade has been more than 8% as compared to that of S&P 500’s negative return.
Laterly we have seen him interviewed by Bloomberg after his attendance of Berkshire Hathaway’s annual meeting. Russo talked primarily Berkshire’s investment in Goldman Sachs.
In the following CNBC interview, Russo talked about where he currently looks for value. He thinks the European companies does business internationally, such as Nestle SA (NSRGY) and Unilever (UN) presents good investment opportunity.
Russo has not filed SEC disclosure yet for the quarter yet, here is GuruFocus’s data on his top holding as of December 31, 2009. He is a rather slow-churning fund manager, so the data should still be quite representative:
Asset Allocation:
Apparently, Russo likes consumer goods and services companies, two areas where many lasting companies operate in.
Recently, we see reviewed Donald Yacktman, who has been buying high-quality companies and has similar asset allocations.
No. 1: Berkshire Hathaway Inc. (BRK-A), Weightings: 16.59% - 3,292 Shares
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $189.08 billion; its shares were traded at around $114800 with a P/E ratio of 22.1 and P/S ratio of 1.7. Berkshire Hathaway Inc. had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Berkshire Hathaway Inc. the business predictability rank of 2-star.
As shown in the CNBC clip, Russo started to own Berkshire in the 1980s.
No. 2: PHILIP MORRIS INTERNATIONAL INC (PM, Financial), Weightings: 15.56% - 6,354,568 Shares
Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International Inc has a market cap of $92.17 billion; its shares were traded at around $49 with a P/E ratio of 14.1 and P/S ratio of 1.5. The dividend yield of Philip Morris International Inc stocks is 4.7%.
Russo started to own this stock in 1Q08.
No. 3: Comcast Corp. Special (CMCSK, Financial), Weightings: 7.9% - 9,709,005 Shares
Comcast Corporation is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. Comcast Corp. Special has a market cap of $55.18 billion; its shares were traded at around $18.91 with and P/S ratio of 1.6. The dividend yield of Comcast Corp. Special stocks is 2%. Comcast Corp. Special had an annual average earning growth of 14.6% over the past 10 years.
Russo stated to own this stock in 2002.
No. 4: Martin Marietta Materials Inc. (MLM, Financial), Weightings: 7.64% - 1,682,615 Shares
Martin Marietta Materials producer of aggregates for the construction industry, including highways, infrastructure, commercial and residential. Martin Marietta Materials Inc. has a market cap of $4.19 billion; its shares were traded at around $92.41 with a P/E ratio of 49.4 and P/S ratio of 2.5. The dividend yield of Martin Marietta Materials Inc. stocks is 1.7%. Martin Marietta Materials Inc. had an annual average earning growth of 7.7% over the past 10 years.
This is another long term stock that Russo owns – since before 1999 when GuruFocus starts to have data for.
No. 5: Wells Fargo & Company (WFC, Financial), Weightings: 7.48% - 5,457,444 Shares
Wells Fargo & Company is a diversified financial services company. Wells Fargo & Company has a market cap of $170.9 billion; its shares were traded at around $32.94 with a P/E ratio of 19 and P/S ratio of 1.8. The dividend yield of Wells Fargo & Company stocks is 0.6%. Wells Fargo & Company had an annual average earning growth of 5.1% over the past 10 years.
This is yet another long term stock that Russo owns – since before 1999 when GuruFocus starts to have data for.
No. 6: Altria Group Inc. (MO, Financial), Weightings: 6.54% - 6,552,465 Shares
Altria Group is the parent company of Philip Morris USA, U. Altria Group Inc. has a market cap of $44.23 billion; its shares were traded at around $21.26 with a P/E ratio of 11.9 and P/S ratio of 1.9. The dividend yield of Altria Group Inc. stocks is 6.5%.
Russo started to own this stock since 2003.
Tom Russo is a true Warren Buffett-inspired investor. Not only he owns a large position in Berkshire Hathaway, he also subscribes to Buffett’s buy-and-hold investment philosophy. The performance of his fund’s past decade shows that the Buffett’s way works.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Tom Russo for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
Laterly we have seen him interviewed by Bloomberg after his attendance of Berkshire Hathaway’s annual meeting. Russo talked primarily Berkshire’s investment in Goldman Sachs.
In the following CNBC interview, Russo talked about where he currently looks for value. He thinks the European companies does business internationally, such as Nestle SA (NSRGY) and Unilever (UN) presents good investment opportunity.
Russo has not filed SEC disclosure yet for the quarter yet, here is GuruFocus’s data on his top holding as of December 31, 2009. He is a rather slow-churning fund manager, so the data should still be quite representative:
Asset Allocation:
Industry2009-09-302009-12-31 Technology0.5%0.5% Financials32.2%30.9% Utilities0.1%0.1%Telecommunications0%0% Consumer Services18.2%17.8% Health Care1.7%1.1% Consumer Goods36.8%39.3% Industrials9.1%8.7%Oil & Gas1.4%1.5%
Apparently, Russo likes consumer goods and services companies, two areas where many lasting companies operate in.
Recently, we see reviewed Donald Yacktman, who has been buying high-quality companies and has similar asset allocations.
No. 1: Berkshire Hathaway Inc. (BRK-A), Weightings: 16.59% - 3,292 Shares
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway Inc. has a market cap of $189.08 billion; its shares were traded at around $114800 with a P/E ratio of 22.1 and P/S ratio of 1.7. Berkshire Hathaway Inc. had an annual average earning growth of 18.2% over the past 10 years. GuruFocus rated Berkshire Hathaway Inc. the business predictability rank of 2-star.
As shown in the CNBC clip, Russo started to own Berkshire in the 1980s.
No. 2: PHILIP MORRIS INTERNATIONAL INC (PM, Financial), Weightings: 15.56% - 6,354,568 Shares
Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International Inc has a market cap of $92.17 billion; its shares were traded at around $49 with a P/E ratio of 14.1 and P/S ratio of 1.5. The dividend yield of Philip Morris International Inc stocks is 4.7%.
Russo started to own this stock in 1Q08.
No. 3: Comcast Corp. Special (CMCSK, Financial), Weightings: 7.9% - 9,709,005 Shares
Comcast Corporation is principally involved in the development, management and operation of broadband cable networks, and in the provision of electronic commerce and programming content. Comcast Corp. Special has a market cap of $55.18 billion; its shares were traded at around $18.91 with and P/S ratio of 1.6. The dividend yield of Comcast Corp. Special stocks is 2%. Comcast Corp. Special had an annual average earning growth of 14.6% over the past 10 years.
Russo stated to own this stock in 2002.
No. 4: Martin Marietta Materials Inc. (MLM, Financial), Weightings: 7.64% - 1,682,615 Shares
Martin Marietta Materials producer of aggregates for the construction industry, including highways, infrastructure, commercial and residential. Martin Marietta Materials Inc. has a market cap of $4.19 billion; its shares were traded at around $92.41 with a P/E ratio of 49.4 and P/S ratio of 2.5. The dividend yield of Martin Marietta Materials Inc. stocks is 1.7%. Martin Marietta Materials Inc. had an annual average earning growth of 7.7% over the past 10 years.
This is another long term stock that Russo owns – since before 1999 when GuruFocus starts to have data for.
No. 5: Wells Fargo & Company (WFC, Financial), Weightings: 7.48% - 5,457,444 Shares
Wells Fargo & Company is a diversified financial services company. Wells Fargo & Company has a market cap of $170.9 billion; its shares were traded at around $32.94 with a P/E ratio of 19 and P/S ratio of 1.8. The dividend yield of Wells Fargo & Company stocks is 0.6%. Wells Fargo & Company had an annual average earning growth of 5.1% over the past 10 years.
This is yet another long term stock that Russo owns – since before 1999 when GuruFocus starts to have data for.
No. 6: Altria Group Inc. (MO, Financial), Weightings: 6.54% - 6,552,465 Shares
Altria Group is the parent company of Philip Morris USA, U. Altria Group Inc. has a market cap of $44.23 billion; its shares were traded at around $21.26 with a P/E ratio of 11.9 and P/S ratio of 1.9. The dividend yield of Altria Group Inc. stocks is 6.5%.
Russo started to own this stock since 2003.
Tom Russo is a true Warren Buffett-inspired investor. Not only he owns a large position in Berkshire Hathaway, he also subscribes to Buffett’s buy-and-hold investment philosophy. The performance of his fund’s past decade shows that the Buffett’s way works.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Tom Russo for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
