David Winters

David Winters

Last Update: 02-12-2016
Related: Wintergreen Fund

Number of Stocks: 10
Number of New Stocks: 0

Total Value: $384 Mil
Q/Q Turnover: 1%

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 (%)
2015-6.941.19-8.1
2014-1.6813.69-15.4
201316.8132.39-15.6
3-Year Cumulative6.9 (2.2%/year)52.3 (15.1%/year)-45.4 (-12.9%/year)
20127.5116-8.5
20110.572.11-1.5
5-Year Cumulative15.6 (2.9%/year)80.4 (12.5%/year)-64.8 (-9.6%/year)
201021.0915.066.0
200932.7826.466.3
2008-39.05-37-2.0
200721.135.4915.6
200620.115.794.3
10-Year Cumulative64.7 (5.1%/year)102 (7.3%/year)-37.3 (-2.2%/year)

Top Ranked Articles

David Winters Sends Aggressive Letter to Tomoka Land's Board The letter stands out as it is quite aggressive even within the genre of activist letters
David Winters (Trades, Portfolio) of Wintergreen Advisors just sent a letter to the directors of Consolidated-Tomoka Land Company (CTO) that is extremely hostile towards management. Read more...
Wintergreen Fund Trims Stakes in 5 Companies in 3rd Quarter Guru invests in oilfield services company
As it nears the end of its first decade of existence, Wintergreen Fund (Trades, Portfolio) had transactions in only nine companies in the third quarter – three in the U.S., three in Switzerland and one each in Malaysia, Canada and Hong Kong. That is the Fund's fewest quarterly transactions since the second quarter of 2014. Read more...
David Winters Sells Two-Thirds of Stake in Coca-Cola
Wintergreen Fund (Trades, Portfolio) manager David Winters (Trades, Portfolio) is a deep value investor. Like many investors, Wintergreen struggled in 2014 – not as much as some, though, with a -1.68% return for the year – but it returned nearly 17% in 2013. Winters doesn’t make many transactions in a given quarter – his nine transactions in the first quarter of 2015 were the most he has made since the fourth quarter of 2013 – but they tend to be noteworthy. Read more...
Wintergreen Fund Buys 4 New International Stocks
David Winters (Trades, Portfolio) formed Wintergreen Advisers in 2005, whose Wintergreen Fund (Trades, Portfolio) now manages $1.5 billion in assets. Read more...
David Winters Purchases 4 International Stocks in Q4
David Winters (Trades, Portfolio)’ Wintergreen Fund (Trades, Portfolio) is a global value fund that invests anywhere in the world in almost any asset class. In the fourth quarter, he bought four new stocks from three different countries. His portfolio, valued at $1.3 billion, contains 34 stock holdings. The investor has also garnered much attention recently for striking out at the management of Coca-Cola (NYSE:KO), of which he has a large holding. Read more...
» More David Winters Articles

Commentaries and Stories

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Rating: 5.0/5 (1 vote)

David Winters: Navigating Turbulent Markets Fourth quarter commentary from the Wintergreen Fund David Winters - David Winters: Navigating Turbulent Markets
While the press headlines would generally lead investors to believe that the world is on the verge of ending, at Wintergreen we believe that these are times of opportunity. Our confidence comes from truly understanding the businesses that we own. Our portfolio is comprised of high quality securities that in most cases have very little borrowing, and most with exceptional management teams that are working for all long-term shareholders. More...

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David Winters' Firm Accuses Consolidated-Tomoka of Further Disclosure Failings The letter 'urges board of directors to expedite sale process to maximize value for shareholders' David Winters - David Winters' Firm Accuses Consolidated-Tomoka Of Further Disclosure Failings
New York, NY – (Business Wire) ‐ Wintergreen Advisers, LLC (“Wintergreen”) sent the following letter to the board of Directors of Consolidated‐Tomoka Land Co. (CTO)(NYSE: CTO, “CTO”) to draw attention to what Wintergreen believes are continuing failures by CTO to make full disclosures to its shareholders about the financial condition of the company. More...

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David Winters Sends Aggressive Letter to Tomoka Land's Board The letter stands out as it is quite aggressive even within the genre of activist letters David Winters - David Winters Sends Aggressive Letter To Tomoka Land's Board
David Winters (Trades, Portfolio) of Wintergreen Advisors just sent a letter to the directors of Consolidated-Tomoka Land Company (CTO) that is extremely hostile towards management. More...

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Wintergreen Fund Trims Stakes in 5 Companies in 3rd Quarter Guru invests in oilfield services company David Winters - Wintergreen Fund Trims Stakes In 5 Companies In 3rd Quarter
As it nears the end of its first decade of existence, Wintergreen Fund (Trades, Portfolio) had transactions in only nine companies in the third quarter – three in the U.S., three in Switzerland and one each in Malaysia, Canada and Hong Kong. That is the Fund's fewest quarterly transactions since the second quarter of 2014. More...

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Rating: 5.0/5 (1 vote)

Wintergreen Advisers Urges Consolidated‐Tomoka Land Co. to Take Steps to Maximize Shareholder Value Wintergreen Advisers submits shareholder proposal to hire an independent adviser to evaluate sale of the company or liquidation of its assets David Winters - Wintergreen Advisers Urges Consolidated‐Tomoka Land Co. To Take Steps To Maximize Shareholder Value
New York, NY – (Business Wire) ‐ Wintergreen Advisers, LLC (“Wintergreen”), today announced that it has submitted a shareholder proposal to Consolidated‐Tomoka Land Company (CTO)(NYSE: CTO, “CTO”) recommending that the Board of Directors of CTO retain an independent financial adviser to evaluate ways to maximize shareholder value through the sale of the company or the liquidation of its assets. More...

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David Winters' Wintergreen Fund Semiannual Report 2015 You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. David Winters - David Winters' Wintergreen Fund Semiannual Report 2015
Dear Fellow Wintergreen Fund (Trades, Portfolio) Shareholder, More...

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David Winters' Q2 Commentary - Global Value Investing in a Continually Changing World
Investors and long-term observers of Wintergreen Fund (Trades, Portfolio) know that we remain disciplined when applying our investment criteria: More...

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Rating: 3.5/5 (2 votes)

David Winters On Wealthtrack
David Winters, founder of Wintergreen Fund (Trades, Portfolio), recently did a interview with Wealthtrack. Mr. Winters sounded the alarmed on index funds and the risk investors are taking by investing in index funds. He discusses the widespread mania in index funds which have become a huge bubble that will burst eventually. Mr. Winters said that investors have the illusion of safety since there is a lack of diversification. Apple (NASDAQ:AAPL), Facebook (NASDAQ:FB), and Intel (NASDAQ:INTC) More...

DAVID WINTER,WINTERGREEN FUND'S,VALUE INVESTING,WEALTHTRACK,INDEX FUNDS,BUBBLE,


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David Winters Sells Two-Thirds of Stake in Coca-Cola David Winters - David Winters Sells Two-Thirds Of Stake In Coca-Cola
Wintergreen Fund (Trades, Portfolio) manager David Winters (Trades, Portfolio) is a deep value investor. Like many investors, Wintergreen struggled in 2014 – not as much as some, though, with a -1.68% return for the year – but it returned nearly 17% in 2013. Winters doesn’t make many transactions in a given quarter – his nine transactions in the first quarter of 2015 were the most he has made since the fourth quarter of 2013 – but they tend to be noteworthy. More...

David Winters, Coca-Cola


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David Winters' stocks trading at Low P/E David WInters - David Winters' Stocks Trading At Low P/E
Established in 2005, Wintergreen is an independent global money manager. Its manager is David J. Winters, follows a global approach to investing that combines the following key elements: Activism and Arbitrage, Cash and Convertibles, Financings. All client assets are managed on a discretionary basis. More...

P/E Ratio, Stocks


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David Winters' Highest-Growing Stocks
Established in 2005, Wintergreen is an independent global money manager. The manager is David J. Winters, who follows a global approach to investing that combines the following key elements: Activism and Arbitrage, Cash and Convertibles, Financings. All client assets are managed on a discretionary basis. Winter’s portfolio is composed of 12 stocks and the total value is $606 million with 2% Q/Q turnover. More...

David Winters


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David Winters' Most Heavily Weighted Trades In Q1 2015
David Winters (Trades, Portfolio) is the manager of Wintergreen Fund (Trades, Portfolio), and the former chief executive officer and chief investment officer of Franklin Mutual Advisers. More...

David Winters, Wintergreen Fund


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David Winters Initiates Position in CSX Corporation
David Winters (Trades, Portfolio) is the founder of Wintergreen Fund (Trades, Portfolio) which began in October 2005. Before founding his own fund, he was chief executive officer and chief investment officer of Franklin Mutual Advisers. 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. Last quarter he initiated a position in CSX Corporation (NASDAQ:CSX) by buying 292,455 shares of the company. More...

LONG, David Winters, CSX Corporation


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Rating: 2.0/5 (1 vote)

David Winters - Index Investing Puts Americans’ Retirement Savings in Peril
Wintergreen cites position concentration and passive stance on executive pay April 30, 2015 3:30 PM Eastern Daylight Time New York, NY – (Business Wire) ‐ The rush of money into index equity funds has ballooned into a market mania that is fueling excessive CEO compensation and putting the savings of ordinary investors at risk, according to a new report by Wintergreen Advisers that was released today. The report noted that the massive assets of index giants Vanguard, BlackRock (NYSE:BLK) and State Street (NYSE:STT) make them the largest block of shareholders in America’s largest publicly traded companies, holding an average of 16% of the shares outstanding of the top 25 companies in the S&P 500. David Winters (Trades, Portfolio), CEO of Wintergreen Advisers, said: “Trillions of ordinary investors’ dollars are now committed to a mechanistic strategy that day in and day out simply buys stocks without a thought for their actual underlying value. Students of market history know that index mania – like other market fads before it – will end badly. “The sad reality is that index funds have turned ordinary investors into the pawns in a game that undermines the integrity of American markets and imposes costs on society that don’t show up in index fund expense ratios. We believe that one consequence of this is that billions of dollars of value created by American companies are being diverted to a select few executives while ordinary investors, distracted by ‘low fee’ hype, are subjected to dangerous risk concentrations in their retirement portfolios.” Wintergreen’s analysis of the voting histories of the leading S&P 500 index funds run by Vanguard, BlackRock and State Street over the past five years for the 25 largest companies in the S&P 500 found that these funds cast their votes in favor of equity compensation plans 89% of the time, and opposed executives’ pay packages less than 4% of the time. They withheld or cast votes against directors a meager 4% of the time. Liz Cohernour, COO of Wintergreen Advisers, added: “Index mania has been a boon for executives of companies in the index, whether or not these executives are delivering real shareholder value. Flows into Big Index’s fund products that tend to vote with management means a significant block of the shareholders in an S&P 500 company can generally be counted on to support executive compensation packages even when shareholders are receiving meager returns.“ The Wintergreen report noted that index hype creates an illusion of safety and diversification. Wintergreen believes this can lead ordinary investors to take on a dangerously high concentration of risk in their investment portfolios. By Wintergreen’s estimate, the top 25 securities by market value in the S&P 500 in 2014 contributed over 33% of the index’s total return, while the top 25 securities by performance contributed 55% of the index’s total return. Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Facebook (NASDAQ:FB) and Intel (NASDAQ:INTC) alone accounted for over 20% of the total return of the S&P 500 in 2014. A copy of the Wintergreen report is available at http://www.wintergreenadvisers.com. About Wintergreen Advisers Established in 2005, Wintergreen is an independent global money manager that employs a research‐ driven value style in managing global securities. As of March 31, 2015, Wintergreen Advisers had approximately $1.5 billion under management on behalf of individuals and institutions through its mutual fund and other clients, and is based in Mountain Lakes, New Jersey. For further information on Wintergreen Advisers, please call 973‐263‐4500 or visit www.wintergreenadvisers.com. For information, forms and documents regarding Wintergreen’s U.S. mutual fund, please visit www.wintergreenfund.com. More...

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David Winters' First Quarter Commentary - Thinking and Voting Like an Owner
With another seemingly endless winter in our rearview mirror, we begin the annual spring rituals of digging our warm-weather clothes out of the closet and delving into annual reports and proxy statements. Arriving by the handful in each day’s mail, these reports provide unique insight into the inner workings of businesses, corporate boards, and their philosophy on everything from operations to compensation. For those who take the time to read them, proxy statements and annual reports can be fascinating and informative documents. The ballot that accompanies each proxy statement provides the most direct feedback mechanism from shareholders to board members and management – depending on how shareholders cast their ballots, they can send a message of approval, or can demand change at the top. More...

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Warren Buffett Calls Out Coca-Cola Activist Investor David Winters
"I totally disagree with the idea of putting somebody on the board who has an option on some other people's stock which is only good for two years, it's just not the way to run a business," he added." More...

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Wintergreen's David Winters Calls Coca-Cola "Shockingly Unethical"
In the podcast below the conversation with David Winters (Trades, Portfolio) starts at the 8:30 mark. More...

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Wintergreen Fund Buys 4 New International Stocks David Winters, Wintergreen Fund - Wintergreen Fund Buys 4 New International Stocks
David Winters (Trades, Portfolio) formed Wintergreen Advisers in 2005, whose Wintergreen Fund (Trades, Portfolio) now manages $1.5 billion in assets. More...

WINTERGREEN FUND, DAVID WINTERS, GLOBAL, INTERNATIONAL


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David Winters Purchases 4 International Stocks in Q4 David Winters - David Winters Purchases 4 International Stocks In Q4
David Winters (Trades, Portfolio)’ Wintergreen Fund (Trades, Portfolio) is a global value fund that invests anywhere in the world in almost any asset class. In the fourth quarter, he bought four new stocks from three different countries. His portfolio, valued at $1.3 billion, contains 34 stock holdings. The investor has also garnered much attention recently for striking out at the management of Coca-Cola (NYSE:KO), of which he has a large holding. More...

  • Currently 2.00/5

Rating: 2.0/5 (1 vote)

David Winter's Wintergreen Fund Annual Letter 2014
New York – (BUSINESS WIRE) – Wintergreen Fund (Trades, Portfolio), Inc. today released its 2014 Annual Report. The shareholder letter appears below and is also available at http://www.wintergreenfund.com. More...

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