| Quarter Ending 12/31/2011 | Back to the Enlightened American Website | |||||||||
| David Winters (Wintergreen Fund) | ||||||||||
| ***** NEW POSITIONS TAKEN | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | Capital Invested |
| ***** SOLD OFF | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| ***** HOLD POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 0.00% | 3.53% | ACTIVISION BLIZZARD INC | 1,451,141 | 1,451,141 | $12.32 | $11.90 | $17,878,000 | $17,269,000 | $0 | |
| 0.00% | 7.40% | BERKSHIRE HATHAWAY INC DEL | 833,623 | 833,623 | $76.30 | $71.04 | $63,605,000 | $59,221,000 | $0 | |
| 0.00% | 27.53% | CANADIAN NATURAL RESOURCE LTD | 2,417,034 | 2,417,034 | $37.45 | $29.36 | $90,513,000 | $70,973,000 | $0 | |
| 0.00% | 3.57% | COCA COLA COMPANY | 475,512 | 475,512 | $69.97 | $67.56 | $33,272,000 | $32,126,000 | $0 | |
| 0.00% | 7.30% | COCA COLA FEMSA SAB DE C V | 193,230 | 193,230 | $95.21 | $88.73 | $18,397,000 | $17,145,000 | $0 | |
| 0.00% | 3.08% | CONSOLIDATED TOMOKA LAND CO | 1,543,075 | 1,543,075 | $27.07 | $26.26 | $41,771,000 | $40,521,000 | $0 | |
| 0.00% | 25.57% | GOOGLE INC | 38,000 | 38,000 | $645.89 | $514.37 | $24,544,000 | $19,546,000 | $0 | |
| 0.00% | 17.55% | MASTERCARD INC | 159,598 | 159,598 | $372.82 | $317.16 | $59,501,000 | $50,618,000 | $0 | |
| 0.00% | 14.24% | MCDONALDS CORP | 157,100 | 157,100 | $100.33 | $87.82 | $15,762,000 | $13,797,000 | $0 | |
| 0.00% | 19.40% | NORFOLK SOUTHERN CORP | 188,200 | 188,200 | $72.86 | $61.02 | $13,712,000 | $11,484,000 | $0 | |
| 0.00% | 10.51% | REYNOLDS AMERICAN INC | 1,483,580 | 1,483,580 | $41.42 | $37.48 | $61,450,000 | $55,605,000 | $0 | |
| 0.00% | -3.86% | SPDR GOLD TRUST | 38,800 | 38,800 | $151.98 | $158.09 | $5,897,000 | $6,134,000 | $0 | |
| 0.00% | -3.99% | WYNN RESORTS LTD | 77,674 | 77,674 | $110.49 | $115.08 | $8,582,000 | $8,939,000 | $0 | |
| $0 | ||||||||||
| ***** AUGMENTED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| 10.48% | 0.44% | 55,098 | FRANKLIN RESOURCES INC | 580,742 | 525,644 | $96.06 | $95.64 | $55,786,000 | $50,273,000 | ($5,292,707) |
| 1.61% | 25.81% | 15,000 | PHILIP MORRIS INTL INC | 948,163 | 933,163 | $78.48 | $62.38 | $74,412,000 | $58,211,000 | ($1,177,203) |
| ***** REDUCED POSITIONS | ||||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value | |
| Back to the Enlightened American Website | ||||||||||