NSRGY - Tracking David Winters' Wintergreen Advisers Portfolio - Q4 2018 Update
This article is part of a series that provides an ongoing analysis of the changes made to David Winters’ 13F stock portfolio on a quarterly basis. It is based on Winters’ regulatory 13F Form filed on 02/14/2019. Please visit our Tracking David Winters’ Wintergreen Advisers Portfolio series to get an idea of his investment philosophy and our previous update for the fund’s moves during Q3 2018.
This quarter, Winters’ 13F portfolio value decreased ~27%, from $128M to $93M. The number of holdings decreased from 6 to 5. The top three positions represent ~99% of the