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) 227

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

Sector Weighting

Basic Materials 5.08%
Capital Goods 15.11%
Conglomerates
Consumer Cyclical 18.88%
Consumer/Non-Cyclical 7.14%
Energy 0%
Financial 17.37%
Healthcare
Services 23.54%
Technology 12.53%
Transportation 0.35%
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 20,967 4 .02 585,340
ROCKWELL COLLINS INC COM 20,921 -795 (3.66) 215,700
AIR LEASE CORP CL A 18,815 196 1.05 489,600
GENTEX CORP COM 17,359 40 .23 946,500
INTEL CORP COM 16,306 -14 (0.09) 518,300
BROWN FORMAN CORP CL B 15,883 -18 (0.11) 174,925
GOLDMAN SACHS GROUP INC COM 15,750 707 4.70 82,450
DOLBY LABORATORIES INC COM 14,426 197 1.39 376,450
LKQ CORP COM 13,770 1,545 12.64 551,150
GRACO INC COM 13,316 -21 (0.16) 185,850
CAE INC COM 11,845 1,355 12.92 1,028,200
FOSSIL GROUP INC COM 11,639 11,639 New 141,650
NN INC COM 11,515 2,041 21.54 462,450
CINEMARK HOLDINGS INC COM 8,619 -8,954 (50.95) 192,950
ROLLINS INC COM 6,202 -5,272 (45.95) 251,082
WYNN RESORTS LTD COM 5,269 5,269 New 41,340
BERKSHIRE HATHAWAY INC DEL CL A 2,636 New 12
TEEKAY TANKERS LTD CL A 797 797 New 139,300
COCA COLA CO COM 294 New 7,250
CORNING INC COM 251 New 10,800