Russo Still Likes Berkshire, Tobacco, Mastercard, Wells Fargo

Mark Melin

Published onMay 14, 2014

Updated on May 13, 2021

Thomas Russo of Gardner Russo & Gardner sits atop a $6 billion stock portfolio and has added major names.

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Russo Traditional holdings

The portfolio’s biggest love affair is with its long time sweetheart Nestle SA (VTX:NESN), which accounts for 10.65% of the portfolio, just over 14.6 million shares. This allocation, which he has held since 1987, increased by 0.39% in the quarter at an executed price of $75.34.

The fund’s oldest holding, Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B), which was acquired in 1982, has an allocation of 9.26% in the...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Russo Still Likes Berkshire, Tobacco, Mastercard, Wells Fargo

Russo Traditional holdings

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