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UNDERHILL INVESTMENT MANAGEMENT LLC

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13F filer, CIK 1512545, GREENBRAE, CA

UNDERHILL INVESTMENT MANAGEMENT LLC reported holdings worth $206,516,000 (the sum of its rows) across 19 holdings for the quarter ended 2018-03-31, in a 13F-HR filed 2018-04-25. The total stated on the cover page is $156,255,000. Its ten largest share positions make up 78.62% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001512545-18-000002

The cover page states a total of $156,255,000, 24% less than the sum of the rows, $206,516,000. This page uses the sum of the rows.

Period
2018-03-31
Value, sum of rows
$207M
Stated on the cover page
$156M
Holdings
19
Top 10 weight
78.62%
New
2
Sold out
7

Largest buys vs the previous quarter

SecurityShares changeApprox. value
LIBERTY MEDIA CORP DELnew+310,300$9.57M
KEYSadded+94,343$4.94M
THOnew+37,850$4.36M
BF-Badded+53,865$2.93M
IBKRadded+26,075$1.75M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
GNTXexited-615,500-$12.9M
DHIexited-200,350-$10.2M
CORE LABORATORIES N Vexited-42,110-$4.61M
INTCreduced-69,950-$3.64M
FAFreduced-23,375-$1.37M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2018

Share positions as resolved from 13F-HR 0001512545-18-000002, largest first. % of portfolio is the value over $206,516,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IBKRINTERACTIVE BROKERS GROUP INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 298,800 shares; 2017Q3: 302,900 shares; 2017Q4: 303,100 shares; 2018Q1: 329,175 shares 329,175$22.1M10.72%+26,075Timeline
ALAIR LEASE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 452,300 shares; 2017Q3: 433,950 shares; 2017Q4: 440,150 shares; 2018Q1: 456,825 shares 456,825$19.5M9.43%+16,675Timeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 424,400 shares; 2017Q3: 417,650 shares; 2017Q4: 418,350 shares; 2018Q1: 348,400 shares 348,400$18.1M8.79%-69,950Timeline
ELLAUDER ESTEE COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 109,650 shares; 2017Q3: 109,050 shares; 2017Q4: 108,850 shares; 2018Q1: 108,050 shares 108,050$16.2M7.83%-800Timeline
GILDGILEAD SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 205,800 shares; 2017Q3: 205,800 shares; 2017Q4: 204,700 shares; 2018Q1: 203,600 shares 203,600$15.3M7.43%-1,100Timeline
FAFFIRST AMERN FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 325,150 shares; 2017Q3: 308,650 shares; 2017Q4: 284,150 shares; 2018Q1: 260,775 shares 260,775$15.3M7.41%-23,375Timeline
BF-BBROWN FORMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 222,900 shares; 2017Q3: 221,670 shares; 2017Q4: 218,470 shares; 2018Q1: 272,335 shares 272,335$14.8M7.17%+53,865Timeline
GGGGRACO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 104,000 shares; 2017Q3: 103,500 shares; 2017Q4: 310,200 shares; 2018Q1: 310,200 shares 310,200$14.2M6.87%0Timeline
CMECME GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 71,250 shares; 2017Q3: 84,450 shares; 2017Q4: 84,150 shares; 2018Q1: 86,550 shares 86,550$14M6.78%+2,400Timeline
KEYSKEYSIGHT TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: not reported; 2017Q3: 141,750 shares; 2017Q4: 149,875 shares; 2018Q1: 244,218 shares 244,218$12.8M6.2%+94,343Timeline
FDXFEDEX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: not reported; 2017Q3: 33,445 shares; 2017Q4: 47,005 shares; 2018Q1: 48,640 shares 48,640$11.7M5.66%+1,635Timeline
ROYAL DUTCH SHELL PLC SPN A…ROYAL DUTCH SHELL PLC SPN ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 109,200 shares; 2017Q3: 159,775 shares; 2017Q4: 155,925 shares; 2018Q1: 161,000 shares 161,000$10.3M4.97%+5,075
LIBERTY MEDIA CORP DELLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: not reported; 2017Q3: not reported; 2017Q4: not reported; 2018Q1: 310,300 shares 310,300$9.57M4.64%new
THOTHOR INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: not reported; 2017Q3: not reported; 2017Q4: not reported; 2018Q1: 37,850 shares 37,850$4.36M2.11%newTimeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 12 shares; 2017Q3: 12 shares; 2017Q4: 12 shares; 2018Q1: 12 shares 12$3.59M1.74%0Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: not reported; 2017Q3: not reported; 2017Q4: 18,975 shares; 2018Q1: 16,025 shares 16,025$3.06M1.48%-2,950Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 5,727 shares; 2017Q3: 5,727 shares; 2017Q4: 5,078 shares; 2018Q1: 5,709 shares 5,709$683K0.33%+631Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 743 shares; 2017Q3: 743 shares; 2017Q4: 578 shares; 2018Q1: 620 shares 620$643K0.31%+42Timeline
TECHBIO-TECHNE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: 1,900 shares; 2017Q3: 1,900 shares; 2017Q4: 1,900 shares; 2018Q1: 1,900 shares 1,900$287K0.14%0Timeline

Sold out in Q1 2018

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
GNTXGENTEX CORP615,500$12.9Mshares
DHID R HORTON INC200,350$10.2Mshares
CORE LABORATORIES N VCORE LABORATORIES N V42,110$4.61Mshares
PMPHILIP MORRIS INTL INC3,900$412Kshares
METAMETA PLATFORMS INC2,020$356Kshares
IQVIQVIA HLDGS INC3,550$348Kshares
KLACKLA CORP2,450$257Kshares

How Q1 2018 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001512545-18-000002 base2018-04-25acceptance time not in the bulk data set