David Winters

Wintergreen Advisors

Last Update: 2013-05-15

Number of Stocks: 13
Number of New Stocks: 1

Total Value: $906 Mil
Q/Q Turnover: 8%

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Details: Top Buys | Top Sales | Top Holdings Embed:

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David Winters's Profile & Performance

Profile

Manager of Wintergreen Fund, David J. Winters, was formerly chief executive officer and chief investment officer of Franklin Mutual Advisers. Winters resigned from that $35 billion fund behemoth in order to found his own mutual fund. The Wintergreen Fund (WRGNX), incepted in October 2005.

Web Page:http://www.wintergreenfund.com/

Investing Philosophy

Winters is a value investor. He believes in holding solid companies for the long-term. He prefers to invest in companies that he thinks will do well in all market conditions, and avoids the current fad.

Total Holding History

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Performance of Wintergreen Fund

Year	Return (%)	S&P500 (%)	Excess Gain (%)
2012	7.51	15.4	-7.9
2011	0.57	2.08	-1.5
2010	21.09	15.06	6.0
3-Year Cumulative	30.9 (9.4%/year)	35.5 (10.7%/year)	-4.6 (-1.3%/year)
2009	32.78	26.46	6.3
2008	-39.05	-37	-2.0
5-Year Cumulative	6 (1.2%/year)	8 (1.5%/year)	-2 (-0.3%/year)
2007	21.13	5.61	15.5
2006	20.1	15.79	4.3

Commentaries and Stories

Currently 3.50/5

Rating: 3.5/5 (2 votes)

David Winters Discusses His Favorite Investments That Provide Exposure to Asia

May 16, 2013

As markets keep going up investors have to get a little more picky with their investment choices. More...

Currently 3.50/5

Rating: 3.5/5 (2 votes)

Inflation Is David Winters' No. 1 Concern

March 26, 2013

Barron's recently interviewed value investor David Winters. More...

Currently 3.00/5

Rating: 3.0/5 (3 votes)

David Winters Is Trying to Profit from 4 Billion People Working to Join the Middle Class

March 21, 2013

David Winters thinks that there are many stocks that are really cheap and that now is a great time to invest. More...

Currently 3.88/5

Rating: 3.9/5 (8 votes)

Guru Stocks at 52-Week Lows: INTC, MCD, DCM, HPQ, NSC

October 22, 2012

According to GuruFocus list of 52-week lows, these Guru stocks have reached their 52-week lows. More...

Currently 3.52/5

Rating: 3.5/5 (23 votes)

Searching for Attractive Risk/Reward Balance

October 11, 2012

LONG PG, BRK.B, JNJ, PEP

Currently 3.57/5

Rating: 3.6/5 (7 votes)

David Winters on Consuelo Mack WealthTrack

October 6, 2012

David Winters, portfolio manager of the top rated Wintergreen Fund, will explain why he is finding numerous investment opportunities around the globe and why investors shouldn’t believe the bearish view that the “cult of equity is dead.” More...

Currently 3.75/5

Rating: 3.8/5 (4 votes)

Double Guru Feature – Wilbur Ross and David Winters

July 12, 2012

From the Sun Valley conference here are two videos featuring these well-known gurus. More...

Currently 2.50/5

Rating: 2.5/5 (4 votes)

David Winters of Wintergreen Advisors Talks His Investment Strategy

June 28, 2012

Wintergreen Advisors CEO David Winters talks about his investment strategy and what pockets he is looking at for investments. He discussed the benefits of long term investing vs. short term. He also said industrial metals and commodities will grow better vs. safe metals like gold and silver. More...

DAVID WINTERS, WINTERGREEN, INDUSTRIAL COMMODITIES, SAFE METALS, INVESTMENT STRATEGY, ANGLO AMERICAN

Currently 3.50/5

Rating: 3.5/5 (18 votes)

What Stocks Would a Modern Day Ben Graham Buy?

March 13, 2012

Someone who reads my articles asked me this question: More...

BEN GRAHAM, BRUCE BERKOWITZ, DAVID WINTERS, NET-NETS

Currently 3.00/5

Rating: 3.0/5 (9 votes)

Interesting dividend stocks by David Winters

February 18, 2012

David J. Winters is the manager of Wintergreen Fund, which was established in 2005. Before setting up this fund, Mr. Winters served as CEO, president, chief executive officer and chief investment officer of Franklin Mutual Advisers, LLC. He also led the Mutual Series group of domestic equity value funds and served as portfolio manager of the Mutual Discovery Fund. Mr. Winters has been a member of the management team of the Mutual Series since 1987. He was named director of research in 2000, and was promoted to president and chief investment officer in 2001. More...

PORTFOLIO, FOOD, DIVIDEND STOCKS, DIVIDEND

Currently 2.33/5

Rating: 2.3/5 (9 votes)

David Winters appeared on Bloomberg TV

February 17, 2012

David Winters speaks with Bloomberg Television's Pimm Fox about Europe's sovereign-debt crisis and his investment strategies, including portfolio holdings Schindler, Anglo American, and Nestle. More...

Currently 3.00/5

Rating: 3.0/5 (6 votes)

International Investing Guru David Winters Likes European Stocks

February 8, 2012

Head to the 4:39 mark of the video for when Winters comes in. More...

Currently 3.33/5

Rating: 3.3/5 (9 votes)

Wintergreen's David Winters Interviewed by Barron's

December 29, 2011

Barron's featured David Winters, portfolio manager of the five-star rated Wintergreen Fund (WGRNX). Morningstar has also nominated Winters for this year'sInternational Stock Manager of the Year. In the interview, Winter's mentions some interesting stocks that he likes for 2012. Below is an excerpt with the full interview made available at [online.barrons.com] More...

Currently 3.50/5

Rating: 3.5/5 (16 votes)

David Winters and Chris Davis Interviewed By Wealthtrack

December 17, 2011

David Winters and Chris Davis Interviewed By Wealthtrack. More...

Currently 3.73/5

Rating: 3.7/5 (11 votes)

David Winters Interview – Thinks There Are Many Great Companies on Sale

December 7, 2011

David Winters discusses why he feels very good about global the consumer especially in Asia, Latin America and other places in the world, and thinks American economy is doing better than people think. He also discusses why he likes MasterCard (MA), Consolidated-Tomoka (CTO), Fairfax Financial (FFH), Brazil, and whether GE (GE) will begin its dividend again. More...

Currently 2.43/5

Rating: 2.4/5 (21 votes)

Mastercard Inc. - Superb Moat and Future Growth

December 6, 2011

MasterCard (MA), with headquarters in New York, is today the leading global payment solutions company that provides several services in support of credit, debt and other electronic payment programs. More...

MASTERCARD, MA, V , VISA

Currently 3.31/5

Rating: 3.3/5 (13 votes)

Wintergreen Advisers' David Winters Bloomberg Interview

December 1, 2011

David Winters is chief executive of Wintergreen Advisers LLC. In this interview with Betty Liu from November 4, he discusses his investment approach and Warren Buffett's new hire, Todd Combs. More...

Currently 2.71/5

Rating: 2.7/5 (21 votes)

Analysis of David J. Winter's Wintergreen Fund and his top holdings

August 20, 2011

The Wintergreen Fund is an investment management firm located in Mountain Lakes, NJ. The firm was founded in 2005 by David J. Winters, a career investment professional hailing from Franklin Mutual Advisers. Winters boasts of over 20 years of investment experience, working with legendary managers such as Max Heine, Seth Klarman and Michael Price. Winters is a graduate of Cornell University with a BA in Economics and holder of the coveted CFA designation. Currently, Winter’s flagship investment vehicle is the Wintergreen Fund (WGRNX). More...

MAX HEINE, SETH KLARMAN, MICHAEL PRICE

Currently 2.56/5

Rating: 2.6/5 (9 votes)

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

August 13, 2011

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. More...

Currently 2.00/5

Rating: 2.0/5 (10 votes)

Google CEO Lawrence Page sells 28,000 Shares

July 13, 2011

CEO, 10% Owner of Google Inc. (GOOG) Lawrence Page sold 27,778 shares on 07/11/2011 at an average price of $529.18. The total transaction amount is $14,699,562. Google is a public and profitable company focused on search services. Google Inc. has a market cap of $172.09 billion; its shares were traded at around $534.01 with a P/E ratio of 19.5 and P/S ratio of 5.9. Google Inc. had an annual average earnings growth of 58.4% over the past 10 years. More...

GOOGLE, CEO, LAWRENCE PAGE

Total Records:

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Comments

Reply Guidedruse - 2 years ago

Long-term value investor? Hardly. Got hasty and sold CHK and WYNN, now they are on the upswing.

Reply Guidedruse - 2 years ago

Even HE (surprisingly) laments his own performance. For a point and a half, I expect more out of my managers.

[online.wsj.com]

Reply Cm1750 - 2 years ago

I am not sure where the WGRNX underperformance is - it seems his fund has outperformed a global index with a top 2% and 12% ranking for the past 1 and 3 year periods, respectively.

[performance.morningstar.com]

Reply Vuasu - 2 years ago

Outrageous fees!

Reply Guidedruse - 2 years ago

I bought into this fund with some hesitation - not sure if he could perform without the backing of a large institution.

Recently sold my position - fees very high, performance lacking, and comparing the fund to the S&P 500 (for a global fund) skews his results.

Would like to see his performance linked to pay and some substantive analysis, then I will buy again.

Reply Taggertrail - 3 years ago

Fees are a major issue. In 2008 he collected $23MM in fees on a -37% return.

I know there was some lip service about having discretion to waive fees, but the greedy soul hasn't waived any fees according to the prospectus.

Reply Superguru - 3 years ago

Are those returns before fees or after?
WGRNX has fees of 1.87% which I consider high even for global fund.

Reply Taggertrail - 3 years ago

Interesting, Morningstar rated this fund with five stars recently for the 3-year period ending March 31, 2010. Over that horizon, the fund lost 4%.

Congratulations David. You have barely outperformed the S&P last year and you are a global fund being compared to a domestic benchmark.