The Wintergreen Fund released its second quarter portfolio which highlighted a fairly quiet quarter. The fund purchased three new stocks and sold out of three as well. As of the most recent quarter the Wintergreen Fund holds on to 35 stocks valued at $1.6 billion.
The following five companies represent the Wintergreen Fund’s top five stock holdings.
Jardine Matheson Holdings (SGX:J36)
The Wintergreen Fund’s largest position is in Jardine Matheson Holdings. The fund owns 2,343,229 shares of the company’s stock which makes up a total of 8.9% of his total portfolio and 0.35% of the company’s shares outstanding.
During the second quarter, Wintergreen reduced its position -5.57% by selling a total of 138,151 shares. The fund sold these shares in the second quarter price range of $57.00 to $68.94, with an estimated average price of $64.61. Since then the price per share has dropped about -18%.
The Wintergreen Fund’s holding history as of the second quarter:
Jardine Matheson Holdings is engaged in the business of cash generating activities and long-term property assets.
Jardine Matheson Holdings’ historical revenue and net income:
The Peter Lynch Chart suggests that the company is currently undervalued:
Jardine Matheson has a market cap of $35.51 billion. Its shares are currently trading at around $53 with a P/E ratio of 11.49, a P/S ratio of 0.49 and a P/B ratio of 0.46. The company had an annual average earnings growth of 38.9% over the past ten years.
GuruFocus rated Jardine Matheson the business predictability rank of 4.5-star.
Berkshire Hathaway (BRK.B)
The Wintergreen Fund’s second largest position is in Berkshire Hathaway. The fund holds on to a total of 927,184 shares, representing 6.5% of their total portfolio and 0.04% of the company’s shares outstanding.
The Wintergreen Fund has not made a change in their holdings of Berkshire Hathaway since 2012Q1. Wintergreen has seen gains of 41.5% since their most recent increase in 2012.
The fund’s holding history as of the second quarter:
Berkshire Hathaway Inc. is a conglomerate holding company owning subsidiaries engaged in a number of business activities, including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, service and retailing.
Berkshire Hathaway’s historical revenue and net income:
The Peter Lynch Chart suggests that Berkshire Hathaway is currently overvalued:
Berkshire Hathaway has a market cap of $261.41 billion. Its shares are currently trading at around $111.85 with a P/E ratio of 14.60, a P/S ratio of 1.50 and a P/B ratio of 1.30. The company had an annual average earnings growth of 7.8% over the past ten years.
GuruFocus rated Berkshire Hathaway the business predictability rank of 3-star.
Swatch Group (XSWX:UHRN)
Wintergreen’s third largest holding is in Swatch Group where the company holds on to 184,025 shares. The fund’s position in Swatch represents 6.3% of its total portfolio and 0.60% of the company’s shares outstanding.
Wintergreen has not changed its position in Swatch Group since second quarter 2009, and since then the fund has seen gains of 223.9%.
Wintergreen’s holding history as of the second quarter:
Swatch Group AG is engaged in the manufacturing and sale of finished watches, jewelry, watch movements and components. It also provides electronic systems used in watchmaking and other industries.
Swatch’s historical revenue and net income:
Swatch Group has a market cap of CHF2.97 billion. Its shares are currently trading at around CHF96.20 with a P/E ratio of 3.25, a P/S ratio of 0.37 and a P/B ratio of 0.30. The company had an annual average earnings growth of 15.7% over the past ten years.
British American Tobacco (LSE:BATS)
Wintergreen’s fourth largest position is in British American Tobacco. The guru fund owns 1,834,526 shares, representing 5.9% of his total portfolio and 0.10% of the company’s shares outstanding.
The last time the Wintergreen Fund changed their holdings in British American Tobacco was in first quarter 2011. From the fund’s first buy in 2008, the share price has increased approximately 93%.
Wintergreen’s holding history as of the second quarter:
British American Tobacco PLC is a holding company that owns, directly or indirectly investments in the numerous companies constituting the British American Tobacco Group of companies. Its brand portfolio includes Dunhill, Kent, Lucky Strike and Pall Mall.
British American Tobacco’s historical revenue and net income:
British American Tobacco has a market cap of CHF62.21 billion. Its shares are currently trading at around CHF32.70 with a P/E ratio of 15.87 and a P/S ratio of 4.12. The dividend yield of BATS’ stock is 4.21%. The company had an annual average earnings growth of 10.8% over the past ten years.
GuruFocus rated British American Tobacco the business predictability rank of 2-star.
Compagnie Financiere Richemont SA (XSWX:CFR)
Wintergreen’s fifth largest holding goes to Compagnie Financiere Richemont where they hold a total of 1,038,288 shares of the company’s stock. Wintergreen’s position in CFR represents 5.8% of their portfolio and 0.20% of the company’s shares outstanding.
Wintergreen has not altered their position in Compagnie since third quarter 2012. Since then the share price has risen 59.2%.
Compagnie Financiere Richemont SA is a luxury goods company operating ion the following segments: Jewellery Maisons, Specialist Watchmakers, and Montblanc Maison.
Compagnie Financiere Richemont’s historical revenue and net income:
Compagnie Financiere Richemont SA is a luxury goods company operating ion the following segments: Jewellery Maisons, Specialist Watchmakers, and Montblanc Maison.
Compagnie Financiere’s historical revenue and net income:
Compagnie Financiere Richemont has a market cap of CHF47.76 billion. Its shares are currently trading at around CHF9150 with a P/E ratio of 20.62, a P/S ratio of 4.09 and a P/B ratio of 3.88. The company had an annual average earnings growth of 19.2% over the past 10 years.
GuruFocus rated Compagnie Financiere Richemont the business predictability rank 4.5-star.
Check out the Wintergreen Fund’s second quarter portfolio here.
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The following five companies represent the Wintergreen Fund’s top five stock holdings.
Jardine Matheson Holdings (SGX:J36)
The Wintergreen Fund’s largest position is in Jardine Matheson Holdings. The fund owns 2,343,229 shares of the company’s stock which makes up a total of 8.9% of his total portfolio and 0.35% of the company’s shares outstanding.
During the second quarter, Wintergreen reduced its position -5.57% by selling a total of 138,151 shares. The fund sold these shares in the second quarter price range of $57.00 to $68.94, with an estimated average price of $64.61. Since then the price per share has dropped about -18%.
The Wintergreen Fund’s holding history as of the second quarter:
Jardine Matheson Holdings is engaged in the business of cash generating activities and long-term property assets.
Jardine Matheson Holdings’ historical revenue and net income:
The Peter Lynch Chart suggests that the company is currently undervalued:
Jardine Matheson has a market cap of $35.51 billion. Its shares are currently trading at around $53 with a P/E ratio of 11.49, a P/S ratio of 0.49 and a P/B ratio of 0.46. The company had an annual average earnings growth of 38.9% over the past ten years.
GuruFocus rated Jardine Matheson the business predictability rank of 4.5-star.
Berkshire Hathaway (BRK.B)
The Wintergreen Fund’s second largest position is in Berkshire Hathaway. The fund holds on to a total of 927,184 shares, representing 6.5% of their total portfolio and 0.04% of the company’s shares outstanding.
The Wintergreen Fund has not made a change in their holdings of Berkshire Hathaway since 2012Q1. Wintergreen has seen gains of 41.5% since their most recent increase in 2012.
The fund’s holding history as of the second quarter:
Berkshire Hathaway Inc. is a conglomerate holding company owning subsidiaries engaged in a number of business activities, including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, service and retailing.
Berkshire Hathaway’s historical revenue and net income:
The Peter Lynch Chart suggests that Berkshire Hathaway is currently overvalued:
Berkshire Hathaway has a market cap of $261.41 billion. Its shares are currently trading at around $111.85 with a P/E ratio of 14.60, a P/S ratio of 1.50 and a P/B ratio of 1.30. The company had an annual average earnings growth of 7.8% over the past ten years.
GuruFocus rated Berkshire Hathaway the business predictability rank of 3-star.
Swatch Group (XSWX:UHRN)
Wintergreen’s third largest holding is in Swatch Group where the company holds on to 184,025 shares. The fund’s position in Swatch represents 6.3% of its total portfolio and 0.60% of the company’s shares outstanding.
Wintergreen has not changed its position in Swatch Group since second quarter 2009, and since then the fund has seen gains of 223.9%.
Wintergreen’s holding history as of the second quarter:
Swatch Group AG is engaged in the manufacturing and sale of finished watches, jewelry, watch movements and components. It also provides electronic systems used in watchmaking and other industries.
Swatch’s historical revenue and net income:
Swatch Group has a market cap of CHF2.97 billion. Its shares are currently trading at around CHF96.20 with a P/E ratio of 3.25, a P/S ratio of 0.37 and a P/B ratio of 0.30. The company had an annual average earnings growth of 15.7% over the past ten years.
British American Tobacco (LSE:BATS)
Wintergreen’s fourth largest position is in British American Tobacco. The guru fund owns 1,834,526 shares, representing 5.9% of his total portfolio and 0.10% of the company’s shares outstanding.
The last time the Wintergreen Fund changed their holdings in British American Tobacco was in first quarter 2011. From the fund’s first buy in 2008, the share price has increased approximately 93%.
Wintergreen’s holding history as of the second quarter:
British American Tobacco PLC is a holding company that owns, directly or indirectly investments in the numerous companies constituting the British American Tobacco Group of companies. Its brand portfolio includes Dunhill, Kent, Lucky Strike and Pall Mall.
British American Tobacco’s historical revenue and net income:
British American Tobacco has a market cap of CHF62.21 billion. Its shares are currently trading at around CHF32.70 with a P/E ratio of 15.87 and a P/S ratio of 4.12. The dividend yield of BATS’ stock is 4.21%. The company had an annual average earnings growth of 10.8% over the past ten years.
GuruFocus rated British American Tobacco the business predictability rank of 2-star.
Compagnie Financiere Richemont SA (XSWX:CFR)
Wintergreen’s fifth largest holding goes to Compagnie Financiere Richemont where they hold a total of 1,038,288 shares of the company’s stock. Wintergreen’s position in CFR represents 5.8% of their portfolio and 0.20% of the company’s shares outstanding.
Wintergreen has not altered their position in Compagnie since third quarter 2012. Since then the share price has risen 59.2%.
Compagnie Financiere Richemont SA is a luxury goods company operating ion the following segments: Jewellery Maisons, Specialist Watchmakers, and Montblanc Maison.
Compagnie Financiere Richemont’s historical revenue and net income:
Compagnie Financiere Richemont SA is a luxury goods company operating ion the following segments: Jewellery Maisons, Specialist Watchmakers, and Montblanc Maison.
Compagnie Financiere’s historical revenue and net income:
Compagnie Financiere Richemont has a market cap of CHF47.76 billion. Its shares are currently trading at around CHF9150 with a P/E ratio of 20.62, a P/S ratio of 4.09 and a P/B ratio of 3.88. The company had an annual average earnings growth of 19.2% over the past 10 years.
GuruFocus rated Compagnie Financiere Richemont the business predictability rank 4.5-star.
Check out the Wintergreen Fund’s second quarter portfolio here.
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