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. This is the Q1 portfolio update of his firm, Gardner Russo & Gardner.
Tom Russo buys Fomento Economico Mexicano S.a.b. De C.v, Eaton Vance Senior Income Trust, Praxair Inc., Lamar Advertising Company, Precision Castparts Corp., Unum Group, Wesco Financial Corp, sells News Corp., Fpl Group Inc., Eaton Vance Insured Pennsylvania Municip during the 3-months ended 03/31/2010, according to the most recent filings of his investment company, Gardner Russo & Gardner. Tom Russo owns 89 stocks with a total value of $2.3 billion. These are the details of the buys and sells.
- New Purchases: EVF, FMX, LAMR, PCP, PX, UNM, WSC,
- Added Positions: ABT, BBT, BF.A, BRK.A, BRK.B, MA, MO, MRK, MSFT, PM, SPLS, UN, WFC,
- Reduced Positions: KFT, MCD,
- Sold Out: EIP, FPL, NWSA,
This is the sector weightings of his portfolio:
| Consumer Goods | 39.4% |
| Financials | 33.5% |
| Consumer Services | 16.8% |
| Industrials | 7.2% |
| Oil & Gas | 1.3% |
| Health Care | 1.1% |
| Technology | 0.5% |
| Basic Materials | 0.1% |
These are the top 5 holdings of Tom Russo
- Berkshire Hathaway Inc. (BRK.A) - 3,353 shares, 18.03% of the total portfolio. Shares added by 1.85%
- PHILIP MORRIS INTERNATIONAL INC (PM) - 7,130,475 shares, 16.42% of the total portfolio. Shares added by 12.21%
- Wells Fargo & Company (WFC) - 5,950,024 shares, 8.17% of the total portfolio. Shares added by 9.03%
- Comcast Corp. Special (CMCSK) - 9,724,952 shares, 7.71% of the total portfolio. Shares added by 0.16%
- Altria Group Inc. (MO) - 6,961,362 shares, 6.31% of the total portfolio. Shares added by 6.24%
Added: Philip Morris International Inc (PM)
Tom Russo added to his holdings in Philip Morris International Inc by 12.21%. His purchase prices were between $45.51 and $52.89, with an estimated average price of $49.36. The impact to his portfolio due to this purchase was 1.79%. His holdings were 7,130,475 shares as of 03/31/2010.Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International Inc has a market cap of $91.62 billion; its shares were traded at around $48.71 with a P/E ratio of 14 and P/S ratio of 1.5. The dividend yield of Philip Morris International Inc stocks is 4.7%.
Added: Unilever N.v. New York Registry (UN, Financial)
Tom Russo added to his holdings in Unilever N.v. New York Registry by 23.36%. His purchase prices were between $28.98 and $32.93, with an estimated average price of $30.83. The impact to his portfolio due to this purchase was 1.15%. His holdings were 4,564,871 shares as of 03/31/2010.Unilever is one of the world's largest consumer products companies. Unilever N.v. New York Registry has a market cap of $81.72 billion; its shares were traded at around $29.3 with and P/S ratio of 1.5. The dividend yield of Unilever N.v. New York Registry stocks is 3.9%.
Added: Wells Fargo & Company (WFC, Financial)
Tom Russo added to his holdings in Wells Fargo & Company by 9.03%. His purchase prices were between $26.43 and $31.22, with an estimated average price of $28.49. The impact to his portfolio due to this purchase was 0.68%. His holdings were 5,950,024 shares as of 03/31/2010.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 & Company has a market cap of $169.44 billion; its shares were traded at around $32.66 with a P/E ratio of 18.8 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.
Added: Altria Group Inc. (MO, Financial)
Tom Russo added to his holdings in Altria Group Inc. by 6.24%. His purchase prices were between $19.37 and $20.82, with an estimated average price of $20.13. The impact to his portfolio due to this purchase was 0.37%. His holdings were 6,961,362 shares as of 03/31/2010.Altria Group is the parent company of Philip Morris USA, U. Altria Group Inc. has a market cap of $44.15 billion; its shares were traded at around $21.22 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%.
Added: Berkshire Hathaway Inc. (BRK.A, Financial)
Tom Russo added to his holdings in Berkshire Hathaway Inc. by 1.85%. His purchase prices were between $97500 and $125000, with an estimated average price of $113488. The impact to his portfolio due to this purchase was 0.33%. His holdings were 3,353 shares as of 03/31/2010.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.
Added: Berkshire Hathaway Inc. (BRK.B, Financial)
Tom Russo added to his holdings in Berkshire Hathaway Inc. by 3.91%. His purchase prices were between $68 and $3476, with an estimated average price of $809.84. The impact to his portfolio due to this purchase was 0.18%. His holdings were 1,350,488 shares as of 03/31/2010.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 $189.99 billion; its shares were traded at around $76.61 with a P/E ratio of 22.2 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.
Added: Mastercard Inc. (MA, Financial)
Tom Russo added to his holdings in Mastercard Inc. by 15.76%. His purchase prices were between $220.74 and $264.75, with an estimated average price of $243.23. The impact to his portfolio due to this purchase was 0.16%. His holdings were 101,630 shares as of 03/31/2010.MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Inc. has a market cap of $30.88 billion; its shares were traded at around $237.94 with a P/E ratio of 20.8 and P/S ratio of 6.1. The dividend yield of Mastercard Inc. stocks is 0.2%.
Added: Abbott Laboratories (ABT, Financial)
Tom Russo added to his holdings in Abbott Laboratories by 18.82%. His purchase prices were between $52.51 and $53.12, with an estimated average price of $52.82. The impact to his portfolio due to this purchase was 0.16%. His holdings were 430,345 shares as of 03/31/2010.Abbott Laboratories is a global, broad-based health care company devoted to discovering new medicines, new technologies and new ways to manage health. Abbott Laboratories has a market cap of $77.87 billion; its shares were traded at around $50.15 with a P/E ratio of 13.2 and P/S ratio of 2.6. The dividend yield of Abbott Laboratories stocks is 3.5%. Abbott Laboratories had an annual average earning growth of 7.3% over the past 10 years. GuruFocus rated Abbott Laboratories the business predictability rank of 4.5-star.
Added: Microsoft Corp. (MSFT, Financial)
Tom Russo added to his holdings in Microsoft Corp. by 85.55%. His purchase prices were between $27.72 and $31.1, with an estimated average price of $29.3. The impact to his portfolio due to this purchase was 0.12%. His holdings were 209,847 shares as of 03/31/2010.Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $261.8 billion; its shares were traded at around $29.85 with a P/E ratio of 15.3 and P/S ratio of 4.5. The dividend yield of Microsoft Corp. stocks is 1.7%.
Added: Brownforman Corp. (BF.A, Financial)
Tom Russo added to his holdings in Brownforman Corp. by 2.67%. His purchase prices were between $51.85 and $62.1, with an estimated average price of $56.26. The impact to his portfolio due to this purchase was 0.11%. His holdings were 1,501,766 shares as of 03/31/2010.Brown-Forman is best known for its Jack Daniel's (sour mash whiskey) and Southern Comfort (bourbon whiskey) liquors..
Added: Staples Inc. (SPLS, Financial)
Tom Russo added to his holdings in Staples Inc. by 29.38%. His purchase prices were between $22.56 and $25.93, with an estimated average price of $24.21. The impact to his portfolio due to this purchase was 0.05%. His holdings were 220,630 shares as of 03/31/2010.Staples.com is creating a business-to-business electronic marketplace offering a comprehensive solution for all of the officeneeds of business customers. Staples Inc. has a market cap of $16.92 billion; its shares were traded at around $23.19 with a P/E ratio of 20.1 and P/S ratio of 0.7. The dividend yield of Staples Inc. stocks is 1.5%. Staples Inc. had an annual average earning growth of 13.9% over the past 10 years. GuruFocus rated Staples Inc. the business predictability rank of 3.5-star.
Added: Bb&t Corp. (BBT, Financial)
Tom Russo added to his holdings in Bb&t Corp. by 66.01%. His purchase prices were between $25.37 and $32.29, with an estimated average price of $28.58. The impact to his portfolio due to this purchase was 0.02%. His holdings were 25,150 shares as of 03/31/2010.BB&T Corporation is a multi-bank holding company. The company offers full-service commercial and retail banking and additional financial services such as insurance, corporate finance, international banking, leasing and trust. Bb&t Corp. has a market cap of $22.96 billion; its shares were traded at around $33.2 with a P/E ratio of 34.2 and P/S ratio of 2.2. The dividend yield of Bb&t Corp. stocks is 1.8%. Bb&t Corp. had an annual average earning growth of 0.1% over the past 10 years.
Added: Merck & Co. Inc. (MRK)
Tom Russo added to his holdings in Merck & Co. Inc. by 45.19%. His purchase prices were between $36.2 and $41.03, with an estimated average price of $37.78. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 8,836 shares as of 03/31/2010.Merck & Co., Inc. is a global research-driven pharmaceutical company dedicated to putting patients first. Merck & Co. Inc. has a market cap of $110.88 billion; its shares were traded at around $35.59 with a P/E ratio of 10.9 and P/S ratio of 4.1. The dividend yield of Merck & Co. Inc. stocks is 4.2%.
New Purchase: Fomento Economico Mexicano S.a.b. De C.v (FMX)
Tom Russo initiated holdings in Fomento Economico Mexicano S.a.b. De C.v. His purchase prices were between $40.82 and $50.01, with an estimated average price of $44.48. The impact to his portfolio due to this purchase was 0.07%. His holdings were 33,500 shares as of 03/31/2010.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 $15.66 billion; its shares were traded at around $43.77 with a P/E ratio of 18.5 and P/S ratio of 1. The dividend yield of Fomento Economico Mexicano S.a.b. De C.v stocks is 1.2%. 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.
New Purchase: Eaton Vance Senior Income Trust (EVF)
Tom Russo initiated holdings in Eaton Vance Senior Income Trust. His purchase prices were between $6.2 and $7.15, with an estimated average price of $6.72. The impact to his portfolio due to this purchase was 0.04%. His holdings were 121,600 shares as of 03/31/2010.Eaton Vance Senior Income Trust has a market cap of $430.1 million; its shares were traded at around $6.84 . The dividend yield of Eaton Vance Senior Income Trust stocks is 4.1%.
New Purchase: Praxair Inc. (PX)
Tom Russo initiated holdings in Praxair Inc.. His purchase prices were between $74.01 and $82.82, with an estimated average price of $78.89. The impact to his portfolio due to this purchase was 0.02%. His holdings were 6,675 shares as of 03/31/2010.Praxair is one of the largest industrial gases companies in North and South America. Praxair Inc. has a market cap of $25.08 billion; its shares were traded at around $81.9 with a P/E ratio of 19.7 and P/S ratio of 2.8. The dividend yield of Praxair Inc. stocks is 2.1%. 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.
New Purchase: Unum Group (UNM)
Tom Russo initiated holdings in Unum Group. His purchase prices were between $18.73 and $24.87, with an estimated average price of $21.39. The impact to his portfolio due to this purchase was 0.01%. His holdings were 9,250 shares as of 03/31/2010.UnumProvident is the industry leader in disability income protection and one of the top providers of supplemental benefits in the nation. Unum Group has a market cap of $7.84 billion; its shares were traded at around $23.58 with a P/E ratio of 9.2 and P/S ratio of 0.8. The dividend yield of Unum Group stocks is 1.4%.
New Purchase: Precision Castparts Corp. (PCP)
Tom Russo initiated holdings in Precision Castparts Corp.. His purchase prices were between $103.01 and $127.09, with an estimated average price of $114.37. The impact to his portfolio due to this purchase was 0.01%. His holdings were 2,400 shares as of 03/31/2010.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 $122.58 with a P/E ratio of 18.3 and P/S ratio of 2.6. The dividend yield of Precision Castparts Corp. stocks is 0.1%. Precision Castparts Corp. had an annual average earning growth of 20.4% over the past 10 years. GuruFocus rated Precision Castparts Corp. the business predictability rank of 2-star.
New Purchase: Wesco Financial Corp (WSC)
Tom Russo initiated holdings in Wesco Financial Corp. His purchase prices were between $342.08 and $406.94, with an estimated average price of $368.42. The impact to his portfolio due to this purchase was 0.01%. His holdings were 520 shares as of 03/31/2010.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 $2.63 billion; its shares were traded at around $369.25 with a P/E ratio of 48.7 and P/S ratio of 3.2. The dividend yield of Wesco Financial Corp stocks is 0.4%.
New Purchase: Lamar Advertising Company (LAMR)
Tom Russo initiated holdings in Lamar Advertising Company. His purchase prices were between $27.2 and $35.69, with an estimated average price of $31.58. The impact to his portfolio due to this purchase was 0.01%. His holdings were 6,100 shares as of 03/31/2010.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 $3.23 billion; its shares were traded at around $35.13 with and P/S ratio of 3.1. 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.
Reduced: Mcdonald's Corp. (MCD)
Tom Russo reduced to his holdings in Mcdonald's Corp. by 23.46%. His sale prices were between $61.45 and $67.35, with an estimated average price of $64.21. The impact to his portfolio due to this sale was -0.01%. Tom Russo still held 9,625 shares as of 03/31/2010.McDonald's Corporation develops, operates, franchises and services a worldwide system of restaurants that prepare, assemble, package and sell a limited menu of value-priced foods. Mcdonald's Corp. has a market cap of $76.03 billion; its shares were traded at around $70.66 with a P/E ratio of 16.9 and P/S ratio of 3.4. The dividend yield of Mcdonald's Corp. stocks is 3.1%. Mcdonald's Corp. had an annual average earning growth of 14.7% over the past 10 years. GuruFocus rated Mcdonald's Corp. the business predictability rank of 2.5-star.
Reduced: Kraft Foods Inc. (KFT)
Tom Russo reduced to his holdings in Kraft Foods Inc. by 77.55%. His sale prices were between $27.18 and $30.8, with an estimated average price of $28.99. The impact to his portfolio due to this sale was -0.02%. Tom Russo still held 17,860 shares as of 03/31/2010.Kraft Foods, Inc. is the largest branded food and beverage company headquartered in the U. Kraft Foods Inc. has a market cap of $44.01 billion; its shares were traded at around $29.75 with a P/E ratio of 14.7 and P/S ratio of 1.1. The dividend yield of Kraft Foods Inc. stocks is 3.9%.
Sold Out: News Corp. (NWSA)
Tom Russo sold out his holdings in News Corp.. His sale prices were between $12.41 and $14.55, with an estimated average price of $13.57.NEWS CORPORATION is a diversified entertainment company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; magazines and inserts; newspapers and information services; book publishing; and other. News Corp. has a market cap of $26.6 billion; its shares were traded at around $14.6 with a P/E ratio of 18.5 and P/S ratio of 0.9. The dividend yield of News Corp. stocks is 0.9%.
Sold Out: Fpl Group Inc. (FPL)
Tom Russo sold out his holdings in Fpl Group Inc.. His sale prices were between $45.57 and $53.7, with an estimated average price of $48.54.FPL Group, Inc. is a public utility holding company. Fpl Group Inc. has a market cap of $21.07 billion; its shares were traded at around $50.94 with a P/E ratio of 12.4 and P/S ratio of 1.4. The dividend yield of Fpl Group Inc. stocks is 3.9%. Fpl Group Inc. had an annual average earning growth of 5.8% over the past 10 years. GuruFocus rated Fpl Group Inc. the business predictability rank of 4-star.
Sold Out: Eaton Vance Insured Pennsylvania Municip (EIP)
Tom Russo sold out his holdings in Eaton Vance Insured Pennsylvania Municip. His sale prices were between $13.14 and $14.3, with an estimated average price of $13.86.Eaton Vance Insured Pennsylvania Municip has a market cap of $43.1 million; its shares were traded at around $14.0401 . The dividend yield of Eaton Vance Insured Pennsylvania Municip stocks is 4.6%.
