Tom Russo

Tom Russo

Last Update: 2014-11-13

Number of Stocks: 111
Number of New Stocks: 1

Total Value: $10,624 Mil
Q/Q Turnover: 1%

Countries: USA NOR GBR FRA CHE SGP ESP
Details: Top Buys | Top Sales | Top Holdings  Embed:

Tom Russo' s Profile & Performance

Profile

Mr. Russo oversees $3 billion as general partner of the Semper Vic Partners and Semper Vic Partners (Q.P.) limited partnerships along with overseeing funds in discretionary, individually managed accounts for individuals, trusts and endowments. He is a graduate of Dartmouth College (BA, 1977) and Stanford Business and Law Schools (MBA/JD, 1984).

According to Mr. Russo himself, his fund is relatively concentrated. Therefore, the large positions we reported here are his. Others may be from his partners.

Investing Philosophy

Thomas A. Russo joined Gardner Russo & Gardner as a partner in 1989. His investment philosophy emphasizes return on invested capital, principally through equity investments. His approach to stock selection stresses two main points: value and price. He looks for companies with strong cash-flow characteristics, where large amounts of "free" cash flow are generated. Portfolio companies tend to have strong balance sheets and a history of producing high rates of return on their assets.

Total Holding History

Performance of Semper Vic Partners

YearReturn (%)S&P500 (%)Excess Gain (%)
201224.415.49.0
20116.72.084.6
201021.515.066.4
3-Year Cumulative61.3 (17.3%/year)35.5 (10.7%/year)25.8 (6.6%/year)
200925.826.46-0.7
2008-31.5-375.5
5-Year Cumulative39 (6.8%/year)8 (1.5%/year)31 (5.3%/year)
20077.75.612.1
200620.815.795.0
20053.24.91-1.7
200411.912-0.1
200333.6528.75.0
10-Year Cumulative179.1 (10.8%/year)99.7 (7.2%/year)79.4 (3.6%/year)
2002-1-22.121.1
20010.1-11.912.0
200015.6-9.124.7
1999-2.121-23.1
199823.828.6-4.8
15-Year Cumulative287.5 (9.4%/year)93.8 (4.5%/year)193.7 (4.9%/year)
199724.733.4-8.7
19961923-4.0
199523.637.6-14.0
199412.41.311.1
199322.110.112.0
20-Year Cumulative875.3 (12.1%/year)388.1 (8.2%/year)487.2 (3.9%/year)
199213.47.65.8
199127.430.5-3.1
19905.3-3.18.4
198924.631.7-7.1
198819.816.63.2
25-Year Cumulative2114.7 (13.2%/year)919.9 (9.7%/year)1194.8 (3.5%/year)
198737.15.132.0
198624.818.66.2
198543.931.612.3
198413.66.17.5

Top Ranked Articles

Transcript of Tom Russo’s Talk at Value Investor Conference
This is Tom Russo’s talk from 8th Annual Value Investor Conference in May 2011, Omaha, right before the annual shareholder meeting of Berkshire Hathaway. The upcoming 9th Annual Value Investor Conference will be held May 3 – 4, 2012, again in Omaha. The conference is organized by Bob Miles, author of several books including "The Warren Buffett CEO: Secrets of the Berkshire Hathaway Managers". Read more...
Invest with Style
Someone who reads my blog sent me this email: Read more...
How to Invest to Protect Yourself from the Dollar Decline: KO, PM, JNJ
As pointed out in our latest study, the US stock market has done much worse for foreign investors than their American counterparts. This was caused by the dramatic dollar decline over the past decade. Will the trend of the dollar decline continue? We don’t want to predict that. But we know that the US budget deficit is getting worse; national debt is increasing at an alarming rate. Politicians in Washington care more about their next elections than anything else. Read more...
Tom Russo: A LONG-Term Value Investor
Tom Russo is one of the most interesting value investors I have ever encountered. His style is very different than anyone else. It can be most compared to Warren Buffett, except he differs from Buffett in several ways. Tom Russo is (and has not been) bullish on Kraft (KFT), which is a top holding of Buffett. Russo also invests a lot internationally, especially in Western Europe. Read more...
Tom Russo on the Capacity to Suffer
Tom Russo oversees over $4 billion as general partner of the Semper Vic Partners and Semper Vic Partners (Q.P.) limited partnerships along with overseeing funds in discretionary, individually managed accounts for individuals, trusts and endowments. He is a graduate of Dartmouth College (B.A., 1977) and Stanford Business and Law Schools (MBA/JD, 1984). Read more...
» More Tom Russo Articles

Commentaries and Stories

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Rating: 4.9/5 (10 votes)

Happy Thanksgiving Thoughts – Give and Take Mohnish Pabrai,Tom Russo,Jean-Marie Eveillard,Warr - Happy Thanksgiving Thoughts – Give And Take
Each year during this time of the year, I would take some time out and think about the things in life that I am extremely thankful for. The list usually ends up very long but a few of them jump out easily. On this year’s is a book recommendation by one of my heroes – Mohnish Pabrai (Trades, Portfolio). And this book is called Give and Take, masterfully done by Adam Grant. More...

MOHNISH PABRAI, DON YACKTMAN, BEN GRAHAM, TOM RUSSO, JEAN-MARIE EVEILLARD


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Tom Russo's Quarterly Investments Focus on Food and Drink Stocks Tom Russo - Tom Russo's Quarterly Investments Focus On Food And Drink Stocks
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. More...

Tom Russo, Semper Vic


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Tom Russo Buys Pernod Ricard, Nestle SA, CIE Financiere, Sells Goldman Sachs Tom Russo - Tom Russo Buys Pernod Ricard, Nestle SA, CIE Financiere, Sells Goldman Sachs
Renowned value investor Tom Russo (Trades, Portfolio) runs a concentrated portfolio full of European family run beverage business and he has done very well with them. It is easy to imitate them as his portfolio turnover is very low. He buys and holds, rarely sells. These are some activities of his during the third quarter of 2014. To learn more about him, please read Transcript of Tom Russo’s Talk at Value Investor Conference. More...

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Value Investor Tom Russo Discusses The Power Of Brands Warren Buffett,Tom Russo - Value Investor Tom Russo Discusses The Power Of Brands
Warren Buffett (Trades, Portfolio) makes big bets on companies that have large protective moats around their business. One of the very best types of moats is a bullet-proof brand that is entrenched globally. More...

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Tom Russo On His Thoughts On Brand Power Tom Russo - Tom Russo On His Thoughts On Brand Power
Tom Russo (Trades, Portfolio) of Gardner Russo &Gardner discusses his thoughts on brand power of companies that have strong brand recognition with the goods they sell. He also discusses how simple companies with strong brand product are to understand, and how to value. More...

TOM RUSSO,LONG-TERM VALUE,VALUE INVESTING,BRAND POWER,FRANCHISE INVESTING,FOCUS INVESTING,


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Tom Russo on Why Investors Should Not "China Cleanse" Their Portfolios
More...

TOM RUSSO


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Tom Russo - Investors Should Not China Cleanse Their Portfolios
There is a great deal of fear around the near and mid term future of China. More...

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Rating: 4.3/5 (7 votes)

'Extreme Patience' One Month at a Time Tom Russo - 'Extreme Patience' One Month At A Time
After a period of steadily rising markets, we’ve reached a bit of a standstill (or at least what can be described as a standstill by comparison to the market's strong results in 2013). Presently, there doesn’t seem to be much to do for the investor: With limited new investments to be found (or in my experience, at least compared to the relative ease in 2011), patience is the order of the day. More...

LONG PG, PEP, JNJ, AND BRK.B


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The True Value of Macro Forecasting for Value Investors Warren Buffett,Tom Russo - The True Value Of Macro Forecasting For Value Investors
While in Omaha for the Berkshire Hathaway annual meeting a couple of weeks ago, I participated in an investment panel hosted by a local chapter of the Young Presidents’ Organization. I had the privilege of sharing the stage with such industry giants as Tom Russo (Trades, Portfolio), a partner of Gardner Russo & Gardner (famous for knowing more about consumer stocks than the management that runs them), and Tom Gayner (Trades, Portfolio), president and CIO of Markel Corp. (MKL), a specialty insurance company that on many levels resembles the Berkshire of 30 years ago. More...

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Break Up Berkshire Hathaway? Tom Russo Doesn't Think So
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Most-Owned International Stocks of Investment Gurus Tom Russo,Sarah Ketterer - Most-Owned International Stocks Of Investment Gurus
The MSCI All Country World Index pulled in 23.44% for 2013, its highest gain since 2009. This was almost as high as the S&P 500, which soared 32.31% for the year, its own greatest rise in more than a decade. More...

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Rating: 3.3/5 (4 votes)

GuruFocus Reports Weekly Top Dividend Growers James Barrow,Tom Russo - GuruFocus Reports Weekly Top Dividend Growers
During the past week, GuruFocus recognized five companies as dividend growers. In order to be qualified for this list, the company had to: More...

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Gurus Lite on Nissan, Heineken and Syngenta at a 52-Week Low
The GuruFocus special feature 52-week low screener reveals that Heineken N.V. (HEINY), Syngenta AG (SYT) and Nissan Motor (NSANY) are currently at or near a 52-week low. These stocks are highlighted because, contrary to their global brand recognition, the guru ownership is fairly light. It is a curiosity especially in the case of Nissan, since the sole guru stakeholder Ken Fisher averaged a 90% gain over a five-year history. More...

BEVERAGES – BREWER, AGRICULTURAL INPUTS, AUTO MANUFACTURERS


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Morgan Stanley Global Franchise Fund's Top Five Tom Russo - Morgan Stanley Global Franchise Fund's Top Five
Late last week the MS Global Franchise Fund released their third quarter portfolio. Their most recent portfolio update highlighted 29 stocks, with three of them being new buys occurring in the third quarter. The fund’s third quarter portfolio is valued at $592 million and displays a Q/Q turnover of 9%. More...

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The Real Definition of Intrinsic Value Tom Russo - The Real Definition Of Intrinsic Value
I may be naïve in saying this, but the world of investing baffles me; actually, let me rephrase that – the way that the vast majority of people approach the world of investing baffles me. More...

LONG BRK.B


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Rating: 3.3/5 (4 votes)

Top Five Stocks Held by International Gurus Tom Russo,PRIMECAP Management - Top Five Stocks Held By International Gurus
By using GuruFocus’ Aggregated Portfolio Screener, we filtered through the gurus to see what stocks were the most popular amongst the 21 international gurus. The top five most popular stocks are all held by at least five international gurus. [b] More...

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Thomas Russo - In Investing, "Then What?" Is a Very Good Question
Business Outlook India interviews successful value investor Thomas Russo: More...

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Tom Russo Interview with GuruFocus at the 10th Annual Value Investor Conference
This interview took place on May 2, before Tom Russo gave his presentation to the 10th Annual Value Investor Conference in Omaha. Russo is a partner at Gardner Russo & Gardner, a firm with over $5 billion under management. He was previously at the Sequoia Fund, and has degrees from Dartmouth and Stanford. Last year, his partnership returned 22%. More...

tom russo, emerging markets, value investor conference, global investing, omaha, 10th annual, nestle


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Tom Russo On Attending Berkshire Hathaway's Annual Meeting
Tom Russo is a partner at Gardner Russo & Gardner and has managed to beat the S&P 500 index by 4.7 percentage points annually between 1984 and 2011. More...

Video


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Ask a Guru: Tom Russo, Tom Gayner and David Rolfe
GuruFocus will be attending the 10th Annual Value Investor Conference in Omaha on Thursday and Friday, May 2 and 3, and talking to some of your favorite investors – Tom Russo, Tom Gayner and David Rolfe. We will also ask them some reader questions. If you have anything about investing you would like to ask them, submit them in the comments section below. We’ll pose the questions at the conference and post the answers on the site. More...

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