UNDERHILL INVESTMENT MANAGEMENT LLC Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 26
New Positions 2
Increased Positions 6
Decreased Positions 17
Positions with Activity 23
Sold Out Positions 3
Total Mkt Value (in $ millions) 201

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

Sector Weighting

Basic Materials 4.31%
Capital Goods 14.54%
Conglomerates
Consumer Cyclical 12.17%
Consumer/Non-Cyclical 7.62%
Energy 5.07%
Financial 21.73%
Healthcare 3.52%
Services 20.53%
Technology 8.93%
Transportation 1.59%
Utilities

26 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
AIR LEASE CORP CL A 17,030 -247 (1.43) 473,060
ROCKWELL COLLINS INC COM 15,882 243 1.56 208,750
BROWN FORMAN CORP CL B 15,344 -223 (1.43) 175,525
FIRST AMERN FINL CORP COM 14,908 -257 (1.7) 579,640
VERISK ANALYTICS INC CL A 13,642 -274 (1.97) 241,235
GRACO INC COM 13,404 -331 (2.41) 186,350
GENTEX CORP COM 13,312 -180 (1.33) 466,100
INTEL CORP COM 13,095 -131 (0.99) 500,200
CME GROUP INC COM 13,009 -181 (1.37) 194,315
LKQ CORP COM 11,193 -96 (0.85) 408,200
CENOVUS ENERGY INC COM 9,772 -1,234 (11.21) 336,750
ROLLINS INC COM 9,265 -208 (2.19) 312,375
DOLBY LABORATORIES INC COM 7,908 7,908 New 186,500
NN INC COM 7,182 1,549 27.50 368,100
CINEMARK HOLDINGS INC COM 7,129 344 5.07 257,100
DENTSPLY INTL INC NEW COM 7,091 -125 (1.73) 159,350
TERADATA CORP DEL COM 4,255 -4,065 (48.86) 95,160
EXPEDITORS INTL WASH INC COM 3,196 -152 (4.53) 82,150
BERKSHIRE HATHAWAY INC DEL CL A 2,193 New 12
OWENS ILL INC COM NEW 1,493 45 3.12 46,300