David Winters

David Winters

Last Update: 2014-11-14
Related: Wintergreen Fund

Number of Stocks: 13
Number of New Stocks: 2

Total Value: $772 Mil
Q/Q Turnover: 4%

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

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

Performance of Wintergreen Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201316.8131.55-14.7
20127.5115.4-7.9
20110.572.08-1.5
3-Year Cumulative26.3 (8.1%/year)55 (15.7%/year)-28.7 (-7.6%/year)
201021.0915.066.0
200932.7826.466.3
5-Year Cumulative103.1 (15.2%/year)125.5 (17.7%/year)-22.4 (-2.5%/year)
2008-39.05-37-2.0
200721.135.6115.5
200620.115.794.3

Top Ranked Articles

David Winters Is Having a Ball
Things are going swimmingly for David Winters, the quick-witted, good-natured, spirited manager of the new Wintergreen Fund and former chief honcho at Franklin Mutual Series. Read more...
The ABCs of Global Value Investing
Value investor David Winters is smiling, for a good reason: He outperformed S&P 500 Index by about 10% per year during 2001 to 2004. And now he is running his own show: Wintergreen Fund. On January 26, 2006, a freezing cold winter evening, he fired up some sparkling investment wisdom at a professional seminar organized by New York Society of Security Analysts. Read more...
Searching for Attractive Risk/Reward Balance
Graham & Doddsville, an investment newsletter from the students of Columbia Business School, has proven in the past to be a must-read for value investors – and the most recent issue didn’t disappoint. The fall 2012 issue had a fantastic interview with Joel Greenblatt, the managing partner of Gotham Capital, in which he talked about his start in investing, how he’s changed as an investor over time, and the responsibility he feels successful financial professionals have to give back to society. In that interview, Mr. Greenblatt gave an interesting answer in response to a question about selectivity when adding positions to his portfolio (bold added for emphasis): Read more...
What Stocks Would a Modern Day Ben Graham Buy?
Someone who reads my articles asked me this question: Read more...
The ABCs of Global Value Investing
Value investor David Winters is smiling, for a good reason: He outperformed S&P 500 Index by about 10% per year during 2001 to 2004. And now he is running his own show: Wintergreen Fund. Read more...
» More David Winters Articles

Commentaries and Stories

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David Winters Reduces Position in Google in Q3 David Winters - David Winters Reduces Position In Google In Q3
David Winters (Trades, Portfolio) formed Wintergreen Advisors in 2005 and has been the portfolio manager of the Wintergreen Fund (Trades, Portfolio) since then. In the third quarter, the fund held 13 stocks with a total value of $772 million. More...

DAVID WINTERS, WINTERGREEN FUND, WINTERGREEN ADVISORS


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Top Value Manager David Winters Is Not Happy With Coca-Cola
David Winters (Trades, Portfolio) was very public with his displeasure over Coca-Cola's previous compensation plan for top management. More...

David Winters, Warren Buffett, Coca-Cola


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David Winters Chastises Coca-Cola and Buffett Again
David Winters (Trades, Portfolio)' is a deep value investor and runs Wintergreen Advisors. He was mentored by Michael Price (Trades, Portfolio) and Max Heine at Mutual Series in the late '80s. He believes that management is just as important as buying at a deep discount to intrinstic value. More...

KO, DAVID WINTERS, WINTERGREEN FUND


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David Winters Fund Third Quarter Commentary
Asian Market Sell-Off Offers Long-Term Opportunities Further signs of an economic slowdown in China’s economy sent the markets lower during the third quarter, with the late-September demonstrations in Hong Kong adding to the unsettled conditions. Real estate prices declined, factory output slowed, and consumers put the brakes on spending. While the speed of the economic slowdown occurred at a faster pace than many had predicted, the Chinese government’s efforts at “taking away the punch bowl” before a bubble could form (and burst) have been wellscripted. Chinese banks have been reducing liquidity and cutting back on new loans for some time now. We believe these measures are a rational and appropriate response to an economy that was growing at an unsustainably fast pace. The trillion-dollar question is whether China can manage to head off a bubble without stalling the economy. More...

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David Winters: The Governance Is Terrible at Coca-Cola
Wintergreen Advisers CEO David Winters (Trades, Portfolio) spoke with FOX Business Network’s (FBN) Maria Bartiromo about Coca-Cola’s (KO) changes to their executive compensation plan. Winters said, “We’re thrilled that Coca-Cola has acknowledged and conceded that what they did was wrong.” Winters went on to discuss Coca-Cola’s management saying, “the governance is terrible” and the board that put the executive compensation plan “in place is still there, so there is a real question about credibility and whether there needs to be real change at the top of Coca-Cola.” More...

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Berkshire & Coca-Cola: A Situation Handled Well David Winters - Berkshire & Coca-Cola: A Situation Handled Well
Over the past few days, I’ve been rereading Roger Lowenstein’s “Buffett: The Making of an American Capitalist”. I’ve read the book before, though it has been years since I’ve last picked it up; in the meantime, I’ve somehow managed to forget that Lowenstein is a truly fantastic writer. My personal opinion is that his book is the best written about Warren and Berkshire to date. More...

LONG BRK.B & PEP


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According To David Winters, Buffett Might Take Coca-Cola Private
It sounds crazy, but David Winters (Trades, Portfolio) doesn't think it is. More...

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The Wintergreen Fund’s Top Positions as of the First Quarter David Winters - The Wintergreen Fund’s Top Positions As Of The First Quarter
The Wintergreen Fund recently released its first quarter portfolio holdings. These holdings highlighted 32 stocks, with none of those being new buys over the past quarter, valued at $1.576 billion. More...

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David Winters - 'Coke-Gate Keeps Getting Worse'
The Wintergreen Fund (Trades, Portfolio) owns more than 2 million shares of Coca-Cola (KO). More...

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David Winters on Coke, Berkshire Hathaway Stock, Berkshire's New Buy and Successor
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David Winters - Where He and Buffett Disagree on Coca-Cola Plan Math
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David Winters' Letter to the Coca-Cola Board Concerning Warren Buffett's Displeasure with Compensation Levels
Board of Directors More...

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Wintergreen Advisors' Letter to Warren Buffett About Coke
NEW YORK, Apr 21, 2014 (BUSINESS WIRE) -- As investors continue to prepare to cast their proxy ballots ahead of the Coca-Cola Company (KO)-0.22% annual shareholders’ meeting on April 23, David Winters (Trades, Portfolio), CEO of Wintergreen Advisers, sent a second letter to Coca-Cola’s largest shareholder, Warren Buffett (Trades, Portfolio), CEO of Berkshire Hathaway (BRK.A)(BRK.B) +0.24%. More...

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David Winters Presentation - Coca-Cola's Big Grab: Enriching Management, Shortchanging Shareholders
David Winters (Trades, Portfolio) strongly disagrees with the employee share compensation plan recently proposed by Coca-Cola (KO). More...

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David Winters - Why Do You Avoid Investments in the Health Care Industry?
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DAVID WINTERS


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David Winters - Is It Possible for Your Opinion of Your Favorite Companies to Change?
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DAVID WINTERS


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David Winters - Why Do You Like Nestlé?
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DAVID WINTERS


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David Winters - Why Look Outside the US for Investments?
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DAVID WINTERS


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David Winters - What Is an ADR?
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DAVID WINTERS


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David Winters - What Is a Company's Quarterly Call?
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DAVID WINTERS


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