2026년 2월 13일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Exploring the Fourth Quarter 2025 13F Filing
Tom Russo (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2025, providing insights into his investment moves during this period. Thomas A. Russo joined Gardner Investments as a partner in 1989. In 2014, Mr. Russo became the Managing Member of the firm. Mr. Russo serves as Managing Member of Gardner Russo & Quinn LLC and of Semper Vic Partners GP, LP, which oversees two "global value," long-only, equity investment partnerships, the first of which Mr. Russo founded in 1983. Mr. Russo oversees more than $8 billion distributed between Semper Vic partnerships and separate accounts managed in parallel fashion. His investment philosophy emphasizes return on invested capital, principally through equity investments. His approach to stock selection stresses two main points: value and price. He looks for companies with strong cash-flow characteristics, where large amounts of "free" cash flow are generated. Portfolio companies tend to have strong balance sheets and a history of producing high rates of return on their assets.
Warning! GuruFocus has detected 2 Warning Signs with ECX. Is GOOG fairly valued? Test your thesis with our free DCF calculator.Tom Russo's Strategic Moves: Alphabet Inc. Sees a -1.88% Portfolio Impact
Summary of New Buy
Tom Russo (Trades, Portfolio) added a total of 5 stocks, among them:
The most significant addition was Diageo PLC (DGEAF), with 129,805 shares, accounting for 0.03% of the portfolio and a total value of $2.8 million. The second largest addition to the portfolio was Alk-Abello AS (AKBLF), consisting of 35,000 shares, representing approximately 0.01% of the portfolio, with a total value of $1.3 million. The third largest addition was Amazon.com Inc (NASDAQ:AMZN), with 1,040 shares, accounting for a total value of $240,050.
Key Position Increases
Tom Russo (Trades, Portfolio) also increased stakes in a total of 16 stocks, among them:
The most notable increase was Ashtead Group PLC (ASHTF), with an additional 534,678 shares, bringing the total to 6,111,758 shares. This adjustment represents a significant 9.59% increase in share count, a 0.39% impact on the current portfolio, with a total value of $418.1 million. The second largest increase was Uber Technologies Inc (NYSE:UBER), with an additional 434,219 shares, bringing the total to 5,145,060. This adjustment represents a significant 9.22% increase in share count, with a total value of $420.4 million.
Summary of Sold Out
Tom Russo (Trades, Portfolio) completely exited 3 of the holdings in the fourth quarter of 2025, as detailed below:
Story Continues
Deliveroo PLC (LSE:ROO): Tom Russo (Trades, Portfolio) sold all 390,000 shares, resulting in a -0.01% impact on the portfolio. Truist Financial Corp (NYSE:TFC): Tom Russo (Trades, Portfolio) liquidated all 9,355 shares, causing a -0% impact on the portfolio.
Key Position Reduces
Tom Russo (Trades, Portfolio) also reduced positions in 32 stocks. The most significant changes include:
Reduced Alphabet Inc (NASDAQ:GOOG) by 718,726 shares, resulting in a -15.46% decrease in shares and a -1.88% impact on the portfolio. The stock traded at an average price of $287.12 during the quarter and has returned 9.13% over the past 3 months and -0.11% year-to-date. Reduced Berkshire Hathaway Inc (NYSE:BRK.A) by 53 shares, resulting in a -3.44% reduction in shares and a -0.43% impact on the portfolio. The stock traded at an average price of $746,432 during the quarter and has returned -0.29% over the past 3 months and -0.08% year-to-date.
Portfolio Overview
At the fourth quarter of 2025, Tom Russo (Trades, Portfolio)'s portfolio included 87 stocks, with top holdings including 13.32% in Alphabet Inc (NASDAQ:GOOG), 12.12% in Berkshire Hathaway Inc (NYSE:BRK.A), 9.77% in Mastercard Inc (NYSE:MA), 8.21% in Compagnie Financiere Richemont SA (CFRHF), and 8.13% in Philip Morris International Inc (NYSE:PM).Tom Russo's Strategic Moves: Alphabet Inc. Sees a -1.88% Portfolio Impact
The holdings are mainly concentrated in 10 of all the 11 industries: Financial Services, Consumer Defensive, Communication Services, Consumer Cyclical, Basic Materials, Industrials, Technology, Energy, Healthcare, and Real Estate.Tom Russo's Strategic Moves: Alphabet Inc. Sees a -1.88% Portfolio Impact
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