The portfolio of Tom Russo’s Gardner Russo & Gardner showed that its assets under management (AUM) are worth $8, 570,738,000 based on its 13F filing with the Securities and Exchange Commission (SEC) for the second quarter of fiscal 2013. The investment management firm’s AUM in the previous quarter was $8,526,137,182.
Tom Russo is one of the most well-known value investors. He manages a separate account of around $6 billion in the flagship fund Semper Vic Partners Fund. Since the establishment of the flagship, it has generated a net annual return of 12.61%.
Tom Russo: Largest stockholdings
During the second quarter, the top ten holdings of Gardner Russo & Gardner account 71.25 % of its portfolio, which include Nestle SA (VTX:NESN) (FRA:NESN) (ETR:NESN) (OTCMKTS:NSRGY) 10.07%, Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) 9.61%, Philip Morris International Inc. (NYSE:PM) 9.28%, Compagnie Financiere Richemont SA (VTX:CFR) 7%, and Mastercard Inc (NYSE:MA) 6.56%.
Tom Russo: New stockholdings
Gardner Russo & Gardner’s new stock acquisitions include 3,632 shares of Dominion Resources, Inc. (NYSE:D), 10,397 shares of PIMCO Total Return Fund Institutional Class (MUTF:PTTRX), 11,116 shares of PIMCO High Yield Fund Institutional Class (MUTF:PHIYX), and 277,308 shares of Eaton Vance Senior Income Trust (NYSE:EVF).
Tom Russo: Added positions
During the period, the investment management increased its stockholdings in the following companies: Anheuser Busch Inbev SA (ADR) (NYSE:BUD) by 263, 360 shares, BP plc (ADR) (NYSE:BP) (LON:BP) by 19,200 shares, General Electric Company (NYSE:GE) by 45,000, Unilever N.V. (ADR) (NYSE:UN) by 1,141,701 shares, and Wells Fargo & Co (NYSE:WFC) by 848,135 shares.
Gardner Russo & Gardner also bought an additional 65,900 shares of Exxon Mobil Corporation (NYSE:XOM), 86,988 shares of Brown-Forman Corporation (NYSE:BF.A) (NYSE:BF.B), 15,250 shares of Chevron Corporation (NYSE:CVX), and 15,207 shares of E I Du Pont De Nemours And Co (NYSE:DD) (NYSE:DD-A) (NYSE:DD-B). The investment management firm buy more shares of Nestle SA (VTX:NESN) (FRA:NESN) (ETR:NESN) (OTCMKTS:NSRGY) 501,300 shares and Philip Morris International Inc. (NYSE:PM) 367,942 shares during the quarter.
Reduced and sold out positions
The investment management firm reduced its stake in CIE FINANCIERE RICH (OTCMKTS:CFRHF) by 528,190 shares, Crane Co. (NYSE:CR) by 4,820 shares, Hasbro, Inc. (NASDAQ:HAS) by 143,776 shares, The Washington Post Company (NYSE:WPO) by 22,346 shares, and Herman Miller, Inc. (NASDAQ:MLHR) by 10,670 shares.
Gardner Russo & Gardner sold out its entire stake in Expeditors International of Washington (NASDAQ:EXPD), CIT Group Inc. (NYSE:CIT), EMC Corporation (NYSE:EMC), and Fastenal Company (NASDAQ:FAST) among others.