UNDERHILL INVESTMENT MANAGEMENT LLC Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 25
New Positions 2
Increased Positions 12
Decreased Positions 6
Positions with Activity 18
Sold Out Positions 6
Total Mkt Value (in $ millions) 206

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

Sector Weighting

Basic Materials 3.28%
Capital Goods 15.86%
Conglomerates
Consumer Cyclical 14.5%
Consumer/Non-Cyclical 7.42%
Energy 0.12%
Financial 17.42%
Healthcare 0%
Services 26.58%
Technology 14.82%
Transportation 0%
Utilities

25 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
FIRST AMERN FINL CORP COM 18,868 New 585,240
ROCKWELL COLLINS INC COM 18,517 521 2.90 223,900
INTEL CORP COM 18,447 414 2.30 518,750
GENTEX CORP COM 16,733 99 .60 472,150
DOLBY LABORATORIES INC COM 15,777 255 1.64 371,300
AIR LEASE CORP CL A 15,344 57 .37 484,500
BROWN FORMAN CORP CL B 15,003 New 175,125
GOLDMAN SACHS GROUP INC COM 14,436 623 4.51 78,750
GRACO INC COM 14,192 New 186,150
CINEMARK HOLDINGS INC COM 13,588 New 393,400
LKQ CORP COM 13,170 396 3.10 489,300
CAE INC COM 11,692 11,187 2,217.05 910,600
ROLLINS INC COM 10,092 New 309,675
NN INC COM 6,754 140 2.12 380,500
BERKSHIRE HATHAWAY INC DEL CL A 2,622 New 12
COCA COLA CO COM 293 71 31.82 7,250
SCHLUMBERGER LTD COM 252 252 New 3,148
CORNING INC COM 224 New 10,800
MICROSOFT CORP COM 199 199 New 4,400
CENOVUS ENERGY INC COM -6,955 Sold Out 0