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Top 10 Holdings

Updated November 29, 2017

Wintergreen Fund Top Ten Equity* Holdings

as of: September 30, 2017
Issuer % of Total Net Assets
British American Tobacco plc 24.6%
Consolidated-Tomoka Land Co. 17.7%
Compagnie Financiere Richemont SA 5.9%
Alphabet Inc.** 5.0%
Heineken Holding NV 4.9%
Elbit Systems Ltd. 4.7%
Altria Group Inc. 4.6%
Union Pacific Corp. 4.3%
Nestlé SA 4.0%
Birchcliff Energy Ltd. 3.9%

**Includes Alphabet Inc. Class A and Class C shares. *Equity holdings include Common Stock. Any Short Sales or Options held by the Fund are not included in this list. Holdings are subject to change, may not be representative of current holdings, and are subject to risk.

Sector and Industry Risk. The Fund may invest in any sector or industry. From time to time, as a result of appreciation of certain of the Fund's portfolio securities and/or a change in the size of the Fund, investments in a particular sector or industry may represent a significant portion of the Fund's overall portfolio. To the extent that such an event occurs with respect to a particular sector or industry, and that sector or industry, as applicable, is affected by new laws, rules regulations, litigation, price trends or other factors, the Fund will be subject to greater potential risk than funds that do not have as much exposure to such sector or industry.