Tom Russo Resource Page

Tom Russo photo Note: This page is undergoing construction, but when it is done will be the BEST resource page on Tom Russo on the internet. The resource page will consist of interviews with Russo, articles, presentations and most importantly shareholder letters. I am privy to some shareholder letters which I cannot post, but contain a dearth of information on Tom Russo. His 2005 shareholder letter contains 50 pages of indepth discussion of his entire investment philsophy. I have more recent shareholder letters, but as will be evident from this page Russo’s investments rarely change. Tom Russo is one of the most unique investors I have ever encountered in that regard.

Below are Russo’s top holdings from http://www.gurufocus.com, and holdings by industry from http://www.dataroma.com. You can view Russo’s recent trades which are released every quarter from the 13-F here-http://www.gurufocus.com/holdings.php?GuruName=Tom+Russo&sort=position; however the holdings change very infrequently. One holding which will not show up is Cadbury, which Russo owned for many years, and bought more shares as the market tanked in 09. Cadbury was taken over by Kraft at a very high premium in 2010, and Russo is not a fan of Kraft (as explained below) so he sold out of the position.

Tom Russo bought Nestle in 1987, Berkshire Hathaway in 1982, Heinkein in 1989.

Ticker	Company	Industry	Shares	Value ($1000)	% Weighting as of 2011-06-30	Share # Change from Last Period	Trade Impact to Portfolio (%)	Holding History
NSRGY	Nestle S A Reg	others	9,948,147	617,328	11.6592%	+1.9%	+0.22%	History
PM	Philip Morris International	Personal & Household Goods	8,126,378	542,598	10.2478%	+1.68%	+0.17%	History
BRK.A	Berkshire Hathaway Inc. Cl A	Insurance	3,715	431,330	8.1463%	+4.47%	+0.35%	History
CFRHF	CIE FINANCIERE RICH	others	5,953,888	389,265	7.3519%	+1.09%	+0.08%	History
HKHHF	HEINEKEN HOLDING	others	7,016,300	358,887	6.7781%	+2.24%	+0.15%	History
SBMRF	SABMILLER ORD $0.10	others	8,049,426	293,544	5.544%	+3.95%	+0.21%	History
PDRDF	PERNOD RICARD	others	2,830,377	278,922	5.2679%	+5.37%	+0.27%	History
WFC	Wells Fargo & Co.	Banks	8,075,615	226,602	4.2797%	+17.7%	+0.64%	History
MA	MasterCard Cl A	Financial Services	744,059	224,215	4.2346%	+7.99%	+0.31%	History
UN	Unilever N.V. ADS	Food & Beverage	6,485,557	213,051	4.0238%	+4.8%	+0.18%	History
MO	Altria Group Inc.	Personal & Household Goods	7,064,590	186,576	3.5238%	+1.79%	+0.06%	History

Sector % analysis

Consumer Staples	31.80
Consumer Goods	29.00
Financials	15.31
Services	9.87
Consumer Discretionary	9.65
Materials	2.60
Industrials	0.61
Energy	0.48
Health Care	0.46
Information Technology	0.13
Technology	0.07
Telecommunications Services	0.00