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David Winters Q2 Update: Buys MA, GOOG, CNQ, BRK.B, Sells POT, ABX

August 13, 2011 | About:
gurufocus

gurufocus

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David Winters of the Wintergreen Fund reported his Q2 portfolio. David Winters bought Mastercard, Google Inc., Canadian Natural Resources Ltd., Berkshire Hathaway B, and sold Barrick Gold Corp., and Potash Corp. Of Saskatchewan during the three months ended 06/30/2011, according to the most recent filings of his investment company, Wintergreen Advisors. As of 06/30/2011, Wintergreen Advisors owns 16 stocks with a total value of $554 million. These are the details of the buys and sells.

Wintergreen Fund is now five years old. The Fund's positive investment return for 2010 outperformed its benchmark, the Standard and Poor's 500 Composite Index (S&P 500). Since inception on Oct. 17, 2005, over five years ago, the Fund's cumulative performance compared very favorably to the S&P 500's cumulative return.

David Winters believes that the quality of his current portfolio is impressive and management of many of the companies is truly first rate. Many of the underlying businesses are predicated on a simple idea. Compared with many other funds, David Winters invests heavily in foreign companies.

David Winters commented on some of his positions in his latest shareholder letter.

This is the portfolio chart of David Winters. You can click on the legend of the chart to show/hide buys, sells or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of David Winters's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=David+Winters

This is the sector weightings of his portfolio:

Financials 42.2%
Consumer Goods 26.6%
Oil & Gas 16.9%
Industrials 6.6%
Consumer Services 4.3%
Technology 3.4%


These are the top 5 holdings of David Winters

  1. Canadian Natural Resources Ltd. (CNQ) - 2,237,334 shares, 16.9409% of the total portfolio. Shares added by 3.11%
  2. Franklin Resources Inc. (BEN) - 500,444 shares, 11.8677% of the total portfolio. Shares reduced by 1.52%
  3. Berkshire Hathaway B (BRK.B) - 811,223 shares, 11.3399% of the total portfolio. Shares added by 1.05%
  4. Reynolds American Inc. (RAI) - 1,224,280 shares, 8.1932% of the total portfolio. Shares reduced by 2.14%
  5. Philip Morris International (PM) - 689,372 shares, 8.1814% of the total portfolio.


Added: Mastercard Cl A (MA)

David Winters added to his holdings in Mastercard Cl A by 348.3%. His purchase prices were between $253.55 and $309.7, with an estimated average price of $274.05. The impact to his portfolio due to this purchase was 6.16%. His holdings were 145,698 shares as of 06/30/2011.

MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. Mastercard Cl A has a market cap of $42.17 billion; its shares were traded at around $327.39 with a P/E ratio of 20.5 and P/S ratio of 7.7. The dividend yield of Mastercard Cl A stocks is 0.2%.

Added: Google Inc. (GOOG)

David Winters added to his holdings in Google Inc. by 393.33%. His purchase prices were between $474.88 and $591.8, with an estimated average price of $527.63. The impact to his portfolio due to this purchase was 2.7%. His holdings were 37,000 shares as of 06/30/2011.

Google is a public and profitable company focused on search services. Google Inc. has a market cap of $181.62 billion; its shares were traded at around $562.13 with a P/E ratio of 19.2 and P/S ratio of 6.1. Google Inc. had an annual average earnings growth of 58.4% over the past 10 years.

Added: Canadian Natural Resources Ltd. (CNQ)

David Winters added to his holdings in Canadian Natural Resources Ltd. by 3.11%. His purchase prices were between $38.59 and $49.76, with an estimated average price of $43.02. The impact to his portfolio due to this purchase was 0.51%. His holdings were 2,237,334 shares as of 06/30/2011.

Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. Canadian Natural Resources Ltd. has a market cap of $39.32 billion; its shares were traded at around $36.71 with a P/E ratio of 18.7 and P/S ratio of 2.7. The dividend yield of Canadian Natural Resources Ltd. stocks is 1%. Canadian Natural Resources Ltd. had an annual average earnings growth of 20.5% over the past 10 years. GuruFocus rated Canadian Natural Resources Ltd. the business predictability rank of 2.5-star.

Added: Berkshire Hathaway B (BRK.B)

David Winters added to his holdings in Berkshire Hathaway B by 1.05%. His purchase prices were between $73.83 and $83.68, with an estimated average price of $78.95. The impact to his portfolio due to this purchase was 0.12%. His holdings were 811,223 shares as of 06/30/2011.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway B has a market cap of $178.05 billion; its shares were traded at around $71.74 with a P/E ratio of 12.7 and P/S ratio of 1.3. Berkshire Hathaway B had an annual average earnings growth of 18.2% over the past 10 years.

Sold Out: Barrick Gold Corp. (ABX)

David Winters sold out his holdings in Barrick Gold Corp.. His sale prices were between $43.04 and $55.63, with an estimated average price of $47.73.

Barrick Gold Corporation is a international gold producer with low-cost mines in North and South America. Barrick Gold Corp. has a market cap of $49.46 billion; its shares were traded at around $49.87 with a P/E ratio of 12.7 and P/S ratio of 4.5. The dividend yield of Barrick Gold Corp. stocks is 1.1%. Barrick Gold Corp. had an annual average earnings growth of 21.2% over the past 10 years.

Sold Out: Potash Corp. Of Saskatchewan (POT)

David Winters sold out his holdings in Potash Corp. Of Saskatchewan. His sale prices were between $50.97 and $61.44, with an estimated average price of $55.02.

Potash Corporation of Saskatchewan Inc. is the world's largest potash company, the third largest phoshate producer and the second largest nitrogen producer in the world. Potash Corp. Of Saskatchewan has a market cap of $46.28 billion; its shares were traded at around $54.44 with a P/E ratio of 19.1 and P/S ratio of 7. The dividend yield of Potash Corp. Of Saskatchewan stocks is 0.6%. Potash Corp. Of Saskatchewan had an annual average earnings growth of 39.1% over the past 10 years. GuruFocus rated Potash Corp. Of Saskatchewan the business predictability rank of 5-star.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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