UNDERHILL INVESTMENT MANAGEMENT LLC Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 25
New Positions 2
Increased Positions 10
Decreased Positions 9
Positions with Activity 19
Sold Out Positions 2
Total Mkt Value (in $ millions) 212

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

Sector Weighting

Basic Materials 4.38%
Capital Goods 14.59%
Conglomerates
Consumer Cyclical 12.39%
Consumer/Non-Cyclical 7.36%
Energy 4.57%
Financial 15.54%
Healthcare 3.41%
Services 25.37%
Technology 11.07%
Transportation 1.32%
Utilities

25 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
ROCKWELL COLLINS INC COM 17,005 23 .14 217,600
FIRST AMERN FINL CORP COM 16,826 -20 (0.12) 585,240
AIR LEASE CORP CL A 16,769 80 .48 482,710
INTEL CORP COM 16,537 New 507,100
BROWN FORMAN CORP CL B 15,425 -9 (0.06) 175,125
DOLBY LABORATORIES INC COM 14,656 173 1.19 365,300
GRACO INC COM 14,000 -15 (0.11) 186,150
GOLDMAN SACHS GROUP INC COM 13,577 13,577 New 75,350
GENTEX CORP COM 13,517 48 .35 469,350
CINEMARK HOLDINGS INC COM 13,269 4,125 45.11 393,400
LKQ CORP COM 12,805 32 .25 474,600
CENOVUS ENERGY INC COM 9,701 -119 (1.21) 407,450
ROLLINS INC COM 9,207 -89 (0.96) 309,675
NN INC COM 8,622 -155 (1.77) 372,600
DENTSPLY INTL INC NEW COM 7,251 46 .64 157,850
TERADATA CORP DEL COM 6,272 2,300 57.92 151,860
EXPEDITORS INTL WASH INC COM 2,810 -4 (0.15) 68,800
BERKSHIRE HATHAWAY INC DEL CL A 2,500 New 12
OWENS ILL INC COM NEW 693 New 26,300
CAE INC COM 509 New 39,300