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%.
Recently, Bruce Greenwald carried out a virtual Fireside Chat with Li Lu, the founder and chairman of Himalaya Capital. Greenwald and Lu covered multiple topics during the discussion, addressing everything from the value investor's approach to appraising businesses and what he had learned from his great friend Charlie Munger. The duo also discussed China's economy Read More
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.