Renowned value investor Tom Russo reported his third quarter portfolio. Mr. Russo has a much broader selection of investment than most of investors as he invests in international stocks. But he limits himself in mostly consumer products companies such as the ones that make cigarettes, liquor, coffee etc. He thinks that the risk with investing in those companies is small. He loves the companies that are family operates and owns. During the 3-months ended 09/30/2011, according to the most recent filings of his investment company, Gardner Russo & Gardner. As of 09/30/2011, Gardner Russo & Gardner owns 249 stocks with a total value of $4.8 billion. These are the details of the buys and sells.
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
New Purchase: Lamar Advertising Company (LAMR, Financial)
Tom Russo initiated holdings in Lamar Advertising Company. His purchase prices were between $16.96 and $28.35, with an estimated average price of $22.07. The impact to his portfolio due to this purchase was 0.01%. His holdings were 15,850 shares as of 09/30/2011. 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 $2.71 billion; its shares were traded at around $24.6 with and P/S ratio of 2.5. Lamar Advertising Company had an annual average earnings growth of 5.9% over the past 10 years. GuruFocus rated Lamar Advertising Company the business predictability rank of 3.5-star.
Added: Wells Fargo & Co. (WFC, Financial)
Tom Russo added to his holdings in Wells Fargo & Co. by 7.22%. His purchase prices were between $22.88 and $29.38, with an estimated average price of $25.85. The impact to his portfolio due to this purchase was 0.3%. His holdings were 8,658,622 shares as of 09/30/2011. Wells Fargo & Co. has a market cap of $131.94 billion; its shares were traded at around $24.99 with a P/E ratio of 9.2 and P/S ratio of 1.4. The dividend yield of Wells Fargo & Co. stocks is 1.9%. 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 3.2%. His purchase prices were between $100000 and $116640, with an estimated average price of $108534. The impact to his portfolio due to this purchase was 0.27%. His holdings were 3,834 shares as of 09/30/2011. Berkshire Hathaway Inc. Cl A has a market cap of $186.99 billion; its shares were traded at around $113325 with a P/E ratio of 14.2 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 6.66%. His purchase prices were between $49.72 and $59.33, with an estimated average price of $54.55. The impact to his portfolio due to this purchase was 0.21%. His holdings were 3,057,353 shares as of 09/30/2011. Anheuser-Busch Companies is the holding company parent of Anheuser-BuschIncorporated and to a number of subsidiaries that conduct various other business operations. Anheuserbusch Inbev Sa/nv has a market cap of $90.25 billion; its shares were traded at around $56.21 with a P/E ratio of 16.5 and P/S ratio of 2.5. The dividend yield of AnheuserBusch Inbev Sa/nv stocks is 1.7%.
Added: Philip Morris International (PM, Financial)
Tom Russo added to his holdings in Philip Morris International by 1.01%. His purchase prices were between $63.38 and $72.35, with an estimated average price of $68.19. The impact to his portfolio due to this purchase was 0.11%. His holdings were 8,208,203 shares as of 09/30/2011. Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International has a market cap of $122.29 billion; its shares were traded at around $69.62 with a P/E ratio of 14.7 and P/S ratio of 1.8. The dividend yield of Philip Morris International stocks is 4.5%.
Added: Unilever N.v. Ads (UN, Financial)
Tom Russo added to his holdings in Unilever N.v. Ads by 2.32%. His purchase prices were between $30.39 and $34.24, with an estimated average price of $32.32. The impact to his portfolio due to this purchase was 0.1%. His holdings were 6,635,977 shares as of 09/30/2011. Unilever is one of the world's largest consumer products companies. Unilever N.v. Ads has a market cap of $97.57 billion; its shares were traded at around $32.74 with a P/E ratio of 15.6 and P/S ratio of 1.6. The dividend yield of Unilever N.v. Ads stocks is 3.2%.
Added: Dover Corp. (DOV, Financial)
Tom Russo added to his holdings in Dover Corp. by 73.8%. His purchase prices were between $46.07 and $69.84, with an estimated average price of $57.25. The impact to his portfolio due to this purchase was 0.03%. His holdings were 63,175 shares as of 09/30/2011. Dover Corporation is a world-wide, diversified manufacturer of industrial products. Dover Corp. has a market cap of $10.01 billion; its shares were traded at around $53.81 with a P/E ratio of 12.7 and P/S ratio of 1.4. The dividend yield of Dover Corp. stocks is 2.3%. Dover Corp. had an annual average earnings growth of 14.7% over the past 10 years. GuruFocus rated Dover Corp. the business predictability rank of 4-star.
Added: Pnc Financial Services Group Inc. (PNC, Financial)
Tom Russo added to his holdings in Pnc Financial Services Group Inc. by 105.58%. His purchase prices were between $43.12 and $60.59, with an estimated average price of $51.36. The impact to his portfolio due to this purchase was 0.02%. His holdings were 37,774 shares as of 09/30/2011. The PNC Financial Services Group, Inc. is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services. Pnc Financial Services Group Inc. has a market cap of $27.26 billion; its shares were traded at around $51.81 with a P/E ratio of 8.1 and P/S ratio of 1.6. The dividend yield of Pnc Financial Services Group Inc. stocks is 2.7%. Pnc Financial Services Group Inc. had an annual average earnings growth of 5.9% over the past 10 years.
Added: Wells Fargo & Co. Wt (WFC.WS, Financial)
Tom Russo added to his holdings in Wells Fargo & Co. Wt by 41.3%. His purchase prices were between $7.5 and $9.94, with an estimated average price of $8.77. The impact to his portfolio due to this purchase was 0.01%. His holdings were 152,250 shares as of 09/30/2011. .
Reduced: Mccormick & Co. Inc. (MKC, Financial)
Tom Russo reduced to his holdings in Mccormick & Co. Inc. by 31.58%. His sale prices were between $43.98 and $50.43, with an estimated average price of $47.39. The impact to his portfolio due to this sale was -0.04%. Tom Russo still held 94,416 shares as of 09/30/2011. McCormick & Company, a diversified specialty food company, is a globalleader in the manufacture, marketing and distribution of spices, herbs,seasonings, flavorings and other specialty food products to the entire foodindustry. Mccormick & Co. Inc. has a market cap of $6.41 billion; its shares were traded at around $48.35 with a P/E ratio of 17.3 and P/S ratio of 1.9. The dividend yield of Mccormick & Co. Inc. stocks is 2.3%. Mccormick & Co. Inc. had an annual average earnings growth of 7.9% over the past 10 years. GuruFocus rated Mccormick & Co. Inc. the business predictability rank of 5-star.
Reduced: Leucadia National Corp. (LUK, Financial)
Tom Russo reduced to his holdings in Leucadia National Corp. by 61.01%. His sale prices were between $23.04 and $35.85, with an estimated average price of $29.79. The impact to his portfolio due to this sale was -0.04%. Tom Russo still held 39,715 shares as of 09/30/2011. LEUCADIA NATL is a diversified financial services holding companyprincipally engaged in personal and commercial lines of property and casualty insurance, life insurance, banking and lending and manufacturing. Leucadia National Corp. has a market cap of $5.65 billion; its shares were traded at around $23.09 with a P/E ratio of 2.7 and P/S ratio of 4.3. The dividend yield of Leucadia National Corp. stocks is 1.1%.
Reduced: Carlisle Cos. (CSL)
Tom Russo reduced to his holdings in Carlisle Cos. by 77.47%. His sale prices were between $31.62 and $50.02, with an estimated average price of $39.82. The impact to his portfolio due to this sale was -0.04%. Tom Russo still held 11,634 shares as of 09/30/2011. Carlisle Companies Incorporated manufactures and distributes a wide variety of products across a broad range of industries, including, among others, roofing, construction, trucking, automotive, foodservice, industrial equipment, lawn and garden and aircraft manufacturing. Carlisle Cos. has a market cap of $2.63 billion; its shares were traded at around $42.68 with a P/E ratio of 15.4 and P/S ratio of 1. The dividend yield of Carlisle Cos. stocks is 1.7%. Carlisle Cos. had an annual average earnings growth of 9.1% over the past 10 years.
Reduced: Walmart Stores (WMT)
Tom Russo reduced to his holdings in Walmart Stores by 20.75%. His sale prices were between $48.41 and $54.52, with an estimated average price of $52.41. The impact to his portfolio due to this sale was -0.01%. Tom Russo still held 19,478 shares as of 09/30/2011. Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores has a market cap of $200.08 billion; its shares were traded at around $58.05 with a P/E ratio of 13.4 and P/S ratio of 0.5. The dividend yield of Walmart Stores stocks is 2.5%. Walmart Stores had an annual average earnings growth of 11.1% over the past 10 years. GuruFocus rated Walmart Stores the business predictability rank of 5-star.
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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: LAMR,
- Added Positions: WFC, BRK.A, BUD, PM, UN, DOV, PNC, WFC.WS,
- Reduced Positions: CSL, LUK, MKC, WMT,
This is the sector weightings of his portfolio:
| Consumer Goods | 39.9% |
| Not Assigned | 30% |
| Financials | 21% |
| Consumer Services | 5.3% |
| Industrials | 2.4% |
| Health Care | 0.5% |
| Oil & Gas | 0.5% |
| Technology | 0.2% |
| Utilities | 0.1% |
| Basic Materials | 0.1% |
These are the top 5 holdings of Tom Russo
- Nestle S A Reg (NSRGY) - 9,965,126 shares, 11.6% of the total portfolio. Shares added by 0.17%
- Philip Morris International (PM) - 8,208,203 shares, 10.8% of the total portfolio. Shares added by 1.01%
- Berkshire Hathaway Inc. Cl A (BRK.A) - 3,834 shares, 8.6% of the total portfolio. Shares added by 3.2%
- HEINEKEN HOLDING (HKHHF) - 7,283,645 shares, 6.0% of the total portfolio. Shares added by 3.81%
- CIE FINANCIERE RICH (CFRHF) - 6,201,168 shares, 5.9% of the total portfolio. Shares added by 4.15%
New Purchase: Lamar Advertising Company (LAMR, Financial)
Tom Russo initiated holdings in Lamar Advertising Company. His purchase prices were between $16.96 and $28.35, with an estimated average price of $22.07. The impact to his portfolio due to this purchase was 0.01%. His holdings were 15,850 shares as of 09/30/2011. 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 $2.71 billion; its shares were traded at around $24.6 with and P/S ratio of 2.5. Lamar Advertising Company had an annual average earnings growth of 5.9% over the past 10 years. GuruFocus rated Lamar Advertising Company the business predictability rank of 3.5-star.
Added: Wells Fargo & Co. (WFC, Financial)
Tom Russo added to his holdings in Wells Fargo & Co. by 7.22%. His purchase prices were between $22.88 and $29.38, with an estimated average price of $25.85. The impact to his portfolio due to this purchase was 0.3%. His holdings were 8,658,622 shares as of 09/30/2011. Wells Fargo & Co. has a market cap of $131.94 billion; its shares were traded at around $24.99 with a P/E ratio of 9.2 and P/S ratio of 1.4. The dividend yield of Wells Fargo & Co. stocks is 1.9%. 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 3.2%. His purchase prices were between $100000 and $116640, with an estimated average price of $108534. The impact to his portfolio due to this purchase was 0.27%. His holdings were 3,834 shares as of 09/30/2011. Berkshire Hathaway Inc. Cl A has a market cap of $186.99 billion; its shares were traded at around $113325 with a P/E ratio of 14.2 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 6.66%. His purchase prices were between $49.72 and $59.33, with an estimated average price of $54.55. The impact to his portfolio due to this purchase was 0.21%. His holdings were 3,057,353 shares as of 09/30/2011. Anheuser-Busch Companies is the holding company parent of Anheuser-BuschIncorporated and to a number of subsidiaries that conduct various other business operations. Anheuserbusch Inbev Sa/nv has a market cap of $90.25 billion; its shares were traded at around $56.21 with a P/E ratio of 16.5 and P/S ratio of 2.5. The dividend yield of AnheuserBusch Inbev Sa/nv stocks is 1.7%.
Added: Philip Morris International (PM, Financial)
Tom Russo added to his holdings in Philip Morris International by 1.01%. His purchase prices were between $63.38 and $72.35, with an estimated average price of $68.19. The impact to his portfolio due to this purchase was 0.11%. His holdings were 8,208,203 shares as of 09/30/2011. Philip Morris International is the international tobacco company, with products sold in over 160 countries. Philip Morris International has a market cap of $122.29 billion; its shares were traded at around $69.62 with a P/E ratio of 14.7 and P/S ratio of 1.8. The dividend yield of Philip Morris International stocks is 4.5%.
Added: Unilever N.v. Ads (UN, Financial)
Tom Russo added to his holdings in Unilever N.v. Ads by 2.32%. His purchase prices were between $30.39 and $34.24, with an estimated average price of $32.32. The impact to his portfolio due to this purchase was 0.1%. His holdings were 6,635,977 shares as of 09/30/2011. Unilever is one of the world's largest consumer products companies. Unilever N.v. Ads has a market cap of $97.57 billion; its shares were traded at around $32.74 with a P/E ratio of 15.6 and P/S ratio of 1.6. The dividend yield of Unilever N.v. Ads stocks is 3.2%.
Added: Dover Corp. (DOV, Financial)
Tom Russo added to his holdings in Dover Corp. by 73.8%. His purchase prices were between $46.07 and $69.84, with an estimated average price of $57.25. The impact to his portfolio due to this purchase was 0.03%. His holdings were 63,175 shares as of 09/30/2011. Dover Corporation is a world-wide, diversified manufacturer of industrial products. Dover Corp. has a market cap of $10.01 billion; its shares were traded at around $53.81 with a P/E ratio of 12.7 and P/S ratio of 1.4. The dividend yield of Dover Corp. stocks is 2.3%. Dover Corp. had an annual average earnings growth of 14.7% over the past 10 years. GuruFocus rated Dover Corp. the business predictability rank of 4-star.
Added: Pnc Financial Services Group Inc. (PNC, Financial)
Tom Russo added to his holdings in Pnc Financial Services Group Inc. by 105.58%. His purchase prices were between $43.12 and $60.59, with an estimated average price of $51.36. The impact to his portfolio due to this purchase was 0.02%. His holdings were 37,774 shares as of 09/30/2011. The PNC Financial Services Group, Inc. is one of the nation's largest diversified financial services organizations, providing regional banking, corporate banking, real estate finance, asset-based lending, wealth management, asset management and global fund services. Pnc Financial Services Group Inc. has a market cap of $27.26 billion; its shares were traded at around $51.81 with a P/E ratio of 8.1 and P/S ratio of 1.6. The dividend yield of Pnc Financial Services Group Inc. stocks is 2.7%. Pnc Financial Services Group Inc. had an annual average earnings growth of 5.9% over the past 10 years.
Added: Wells Fargo & Co. Wt (WFC.WS, Financial)
Tom Russo added to his holdings in Wells Fargo & Co. Wt by 41.3%. His purchase prices were between $7.5 and $9.94, with an estimated average price of $8.77. The impact to his portfolio due to this purchase was 0.01%. His holdings were 152,250 shares as of 09/30/2011. .
Reduced: Mccormick & Co. Inc. (MKC, Financial)
Tom Russo reduced to his holdings in Mccormick & Co. Inc. by 31.58%. His sale prices were between $43.98 and $50.43, with an estimated average price of $47.39. The impact to his portfolio due to this sale was -0.04%. Tom Russo still held 94,416 shares as of 09/30/2011. McCormick & Company, a diversified specialty food company, is a globalleader in the manufacture, marketing and distribution of spices, herbs,seasonings, flavorings and other specialty food products to the entire foodindustry. Mccormick & Co. Inc. has a market cap of $6.41 billion; its shares were traded at around $48.35 with a P/E ratio of 17.3 and P/S ratio of 1.9. The dividend yield of Mccormick & Co. Inc. stocks is 2.3%. Mccormick & Co. Inc. had an annual average earnings growth of 7.9% over the past 10 years. GuruFocus rated Mccormick & Co. Inc. the business predictability rank of 5-star.
Reduced: Leucadia National Corp. (LUK, Financial)
Tom Russo reduced to his holdings in Leucadia National Corp. by 61.01%. His sale prices were between $23.04 and $35.85, with an estimated average price of $29.79. The impact to his portfolio due to this sale was -0.04%. Tom Russo still held 39,715 shares as of 09/30/2011. LEUCADIA NATL is a diversified financial services holding companyprincipally engaged in personal and commercial lines of property and casualty insurance, life insurance, banking and lending and manufacturing. Leucadia National Corp. has a market cap of $5.65 billion; its shares were traded at around $23.09 with a P/E ratio of 2.7 and P/S ratio of 4.3. The dividend yield of Leucadia National Corp. stocks is 1.1%.
Reduced: Carlisle Cos. (CSL)
Tom Russo reduced to his holdings in Carlisle Cos. by 77.47%. His sale prices were between $31.62 and $50.02, with an estimated average price of $39.82. The impact to his portfolio due to this sale was -0.04%. Tom Russo still held 11,634 shares as of 09/30/2011. Carlisle Companies Incorporated manufactures and distributes a wide variety of products across a broad range of industries, including, among others, roofing, construction, trucking, automotive, foodservice, industrial equipment, lawn and garden and aircraft manufacturing. Carlisle Cos. has a market cap of $2.63 billion; its shares were traded at around $42.68 with a P/E ratio of 15.4 and P/S ratio of 1. The dividend yield of Carlisle Cos. stocks is 1.7%. Carlisle Cos. had an annual average earnings growth of 9.1% over the past 10 years.
Reduced: Walmart Stores (WMT)
Tom Russo reduced to his holdings in Walmart Stores by 20.75%. His sale prices were between $48.41 and $54.52, with an estimated average price of $52.41. The impact to his portfolio due to this sale was -0.01%. Tom Russo still held 19,478 shares as of 09/30/2011. Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores has a market cap of $200.08 billion; its shares were traded at around $58.05 with a P/E ratio of 13.4 and P/S ratio of 0.5. The dividend yield of Walmart Stores stocks is 2.5%. Walmart Stores had an annual average earnings growth of 11.1% over the past 10 years. GuruFocus rated Walmart Stores the business predictability rank of 5-star.
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