diff --git a/spec/features/budgets/results_spec.rb b/spec/features/budgets/results_spec.rb
new file mode 100644
index 000000000..79f5d5ef0
--- /dev/null
+++ b/spec/features/budgets/results_spec.rb
@@ -0,0 +1,48 @@
+require 'rails_helper'
+
+feature 'Results' do
+
+  let(:budget)  { create(:budget, phase: "finished") }
+  let(:group)   { create(:budget_group, budget: budget) }
+  let(:heading) { create(:budget_heading, group: group, price: 1000) }
+
+  let!(:investment1) { create(:budget_investment, :selected, heading: heading, price: 200, ballot_lines_count: 900) }
+  let!(:investment2) { create(:budget_investment, :selected, heading: heading, price: 300, ballot_lines_count: 800) }
+  let!(:investment3) { create(:budget_investment, :selected, heading: heading, price: 500, ballot_lines_count: 700) }
+  let!(:investment4) { create(:budget_investment, :selected, heading: heading, price: 100, ballot_lines_count: 600) }
+
+  let!(:results) { Budget::Result.new(budget, heading).calculate_winners }
+
+  scenario "Diplays winner investments", :focus do
+    visit budget_path(budget)
+    click_link "Results"
+
+    within("#budget-investments-results") do
+      expect(page).to have_content investment1.title
+      expect(page).to have_content investment2.title
+      expect(page).to have_content investment3.title
+      expect(page).to_not have_content investment4.title
+
+      expect(investment1.title).to appear_before(investment2.title)
+      expect(investment2.title).to appear_before(investment3.title)
+    end
+  end
+
+  scenario "Displays non winner investments", :js, :focus do
+    visit budget_path(budget)
+    click_link "Results"
+    click_link "Show all"
+
+    within("#budget-investments-results") do
+      expect(page).to have_content investment1.title
+      expect(page).to have_content investment2.title
+      expect(page).to have_content investment3.title
+      expect(page).to have_content investment4.title
+
+      expect(investment1.title).to appear_before(investment2.title)
+      expect(investment2.title).to appear_before(investment3.title)
+      expect(investment3.title).to appear_before(investment4.title)
+    end
+  end
+
+end
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diff --git a/spec/models/budget/result_spec.rb b/spec/models/budget/result_spec.rb
new file mode 100644
index 000000000..b01a05ac6
--- /dev/null
+++ b/spec/models/budget/result_spec.rb
@@ -0,0 +1,35 @@
+require 'rails_helper'
+
+describe Budget::Result, :focus do
+
+  describe "calculate_winners" do
+    let(:budget) { create(:budget) }
+    let(:group) { create(:budget_group, budget: budget) }
+    let(:heading) { create(:budget_heading, group: group, price: 1000) }
+
+    it "calculates a budget's winner investments" do
+      investment1 = create(:budget_investment, :selected, heading: heading, price: 200, ballot_lines_count: 900)
+      investment2 = create(:budget_investment, :selected, heading: heading, price: 300, ballot_lines_count: 800)
+      investment3 = create(:budget_investment, :selected, heading: heading, price: 500, ballot_lines_count: 700)
+      investment4 = create(:budget_investment, :selected, heading: heading, price: 100, ballot_lines_count: 600)
+
+      result = Budget::Result.new(budget, heading)
+      result.calculate_winners
+
+      expect(result.winners).to eq([investment1, investment2, investment3])
+    end
+
+    it "resets winners before recalculating" do
+      investment1 = create(:budget_investment, :selected, heading: heading, price: 200, ballot_lines_count: 900, winner: true)
+      investment2 = create(:budget_investment, :selected, heading: heading, price: 300, ballot_lines_count: 800, winner: true)
+      investment3 = create(:budget_investment, :selected, heading: heading, price: 500, ballot_lines_count: 700, winner: true)
+      investment4 = create(:budget_investment, :selected, heading: heading, price: 100, ballot_lines_count: 600, winner: true)
+
+      result = Budget::Result.new(budget, heading)
+      result.calculate_winners
+
+      expect(result.winners).to eq([investment1, investment2, investment3])
+    end
+  end
+
+end
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