Tom Russo’s Top 5 Holdings

1. Berkshire Hathaway Inc. (NYSE:BRK-A)

Number of Hedge Fund Holders: N/A

Gardner Russo & Quinn’s Stake Value: $1,200,782,400

Berkshire Hathaway Inc. (NYSE:BRK-A) is the largest holding of Tom Russo. These Class A shares have a higher value due to their original issuance and limited availability. This higher price makes class A shares less accessible to retail investors, and Class A shares carry more voting rights than class B shares. In Q1 2023, Tom Russo’s fund held a position worth $1.20 billion in Berkshire Hathaway Inc. (NYSE:BRK-A). 

Here is what Black Bear Value Fund has to say about Berkshire Hathaway Inc. (NYSE:BRK-B) in its Q3 2022 investor letter:

“Going forward I expect Berkshire to compound at above average returns from this price. BRK is a collection of high-quality businesses, excellent management, and a good amount of optionality in their cash position. If the cash were to be deployed accretively, the true value would be greater than an 8% premium (as mentioned above). The combination of a pie that is growing, an increasing share of said pie due to stock buybacks, upside optionality from cash and a tight range of likely business outcomes that span a variety of economic futures gives me comfort in continuing to own Berkshire.”

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