UNDERHILL INVESTMENT MANAGEMENT LLC Information

781 LINCOLN AVENUE, SAN RAFAEL, California, 94901, (415) 785-3670

Report Date: 12/31/2014

Position Statistics

Total Positions 22
New Positions 3
Increased Positions 11
Decreased Positions 8
Positions with Activity 19
Sold Out Positions 2
Total Mkt Value (in $ millions) 228

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 5.63%
Capital Goods 14.62%
Conglomerates
Consumer Cyclical 18.62%
Consumer/Non-Cyclical 7.18%
Energy 0%
Financial 17.04%
Healthcare
Services 23.41%
Technology 13.14%
Transportation 0.36%
Utilities

22 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
FIRST AMERN FINL CORP COM 20,504 4 .02 585,340
ROCKWELL COLLINS INC COM 19,215 -730 (3.66) 215,700
AIR LEASE CORP CL A 18,722 195 1.05 489,600
INTEL CORP COM 17,233 -15 (0.09) 518,300
GENTEX CORP COM 16,677 39 .23 946,500
BROWN FORMAN CORP CL B 16,039 -18 (0.11) 174,925
GOLDMAN SACHS GROUP INC COM 15,648 702 4.70 82,450
DOLBY LABORATORIES INC COM 15,235 208 1.39 376,450
GRACO INC COM 14,084 -23 (0.16) 185,850
LKQ CORP COM 13,545 1,520 12.64 551,150
NN INC COM 12,814 2,271 21.54 462,450
CAE INC COM 12,421 1,421 12.92 1,028,200
FOSSIL GROUP INC COM 12,183 12,183 New 141,650
CINEMARK HOLDINGS INC COM 7,857 -8,162 (50.95) 192,950
WYNN RESORTS LTD COM 5,891 5,891 New 41,340
ROLLINS INC COM 5,614 -4,772 (45.95) 167,388
BERKSHIRE HATHAWAY INC DEL CL A 2,654 New 12
TEEKAY TANKERS LTD CL A 815 815 New 139,300
COCA COLA CO COM 314 New 7,250
CORNING INC COM 264 New 10,800