CIK: 0001512545
Total reported value
$189.0M
Reporting period: 2019-03-31 · Number of holdings: 20
UNDERHILL INVESTMENT MANAGEMENT LLC disclosed 20 holdings in its latest 13F filing for the period ending 2019-03-31, with total reported value of $189.0M and a quarterly turnover rate of 36.0%.
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Underhill Investment Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.070 — mathematically equivalent to about 14 equally-sized positions, close to its 20 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.65), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.9 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 25% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim 12572q105
-51.2% -$9.1M
Add 23331a109
+189.6% $7.9M
Add FWONKUSD
+88.6% $6.3M
Trim 45841n107
-1.6% -$1.1M
Add 31428x106
+88.4% $4.1M
Trim BRK-A
-50.0% -$1.9M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | INTC | Intel CORP | Stock-Tech | 9.51% | -0.68% | -1.59% | |
| 2 | ✓ | Air Lease CORP | Stock-Other | 9.31% | -0.78% | -2.05% | |
| 3 | ✓ | Keysight Technologies, Inc. | Stock-Other | 9.04% | +1.20% | -0.97% | |
| 4 | GGG | Graco INC | Stock-Industrials | 8.76% | -0.06% | +1.36% | |
| 5 | ✓ | Interactive Brokers Group In | Stock-Other | 8.52% | -2.49% | -1.58% | |
| 6 | BF-B | Brown-forman Corp-class B | Stock-Other | 7.16% | -0.70% | -0.75% | |
| 7 | EL | Estee Lauder Companies-cl A | Stock-Consumer Staples | 6.55% | -0.62% | -13.39% | |
| 8 | GILD | Gilead Sciences INC | Stock-Healthcare | 6.51% | +0.54% | +26.65% | |
| 9 | FWONKUSD | Liberty Media Corp-liberty-c | Stock-Other | 6.26% | +2.75% | +88.61% | |
| 10 | ✓ | D.R. Horton, Inc. | Stock-Other | 5.91% | +3.85% | +189.62% | |
| 11 | DOCU | Docusign INC | Stock-Tech | 4.56% | +1.32% | +31.60% | |
| 12 | RDS-A | Shell Plc-spon Adr-a | Stock-Other | 4.12% | -0.61% | -2.16% | |
| 13 | ✓ | FedEx Corporation | Stock-Other | 4.10% | +1.77% | +88.39% | |
| 14 | WSO | Watsco INC | Stock-Industrials | 4.00% | +4.00% | NEW | |
| 15 | ✓ | CME Group Inc. | Stock-Other | 3.60% | -6.58% | -51.24% | |
| 16 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.96% | -1.38% | -50.00% | |
| 17 | ✓ | Visa Inc. | Stock-Other | 0.46% | -0.02% | -2.68% | |
| 18 | ✓ | Alphabet Inc. | Stock-Other | 0.35% | -0.05% | -8.06% | |
| 19 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.19% | +0.19% | NEW | |
| 20 | MCO | Moody's CORP | Stock-Financials | 0.12% | +0.12% | NEW |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2019-03-31 | 20 | $189.0M | 36 | |
| 2018-12-31 | 18 | $156.6M | 39 | |
| 2018-09-30 | 20 | $203.8M | 26 | |
| 2018-06-30 | 20 | $212.0M | 14 | |
| 2018-03-31 | 19 | $206.5M | 30 | |
| 2017-12-31 | 24 | $209.9M | 17 | |
| 2017-09-30 | 24 | $184.6M | 23 | |
| 2017-06-30 | 24 | $158.2M | 22 | |
| 2017-03-31 | 18 | $156.3M | 28 | |
| 2016-12-31 | 20 | $172.5M | 23 | |
| 2016-09-30 | 21 | $180.7M | 16 | |
| 2016-06-30 | 20 | $185.3M | 25 | |
| 2016-03-31 | 19 | $198.4M | 33 | |
| 2015-12-31 | 16 | $185.1M | 24 | |
| 2015-09-30 | 17 | $202.9M | 22 | |
| 2015-06-30 | 17 | $210.8M | 9 | |
| 2015-03-31 | 19 | $201.7M | 34 | |
| 2014-12-31 | 20 | $229.8M | 25 | |
| 2014-09-30 | 19 | $199.5M | 26 | |
| 2014-06-30 | 23 | $220.1M | 22 | |
| 2014-03-31 | 23 | $206.9M | 21 | |
| 2013-12-31 | 23 | $210.0M | 18 | |
| 2013-09-30 | 24 | $195.5M | 16 | 192345y212572q331847r |
| 2013-06-30 | 21 | $169.3M | 0 |
Underhill Investment Management LLC's most significant position changes for 2019-03-31: New buy: Watsco INC (WSO); Sold out: Centurylink INC (CTLEUR); New buy: Bristol-myers Squibb Co (BMY); New buy: Moody's CORP (MCO); Trim: CME Group Inc. — shares -51.24%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ✓ | D.R. Horton, Inc. | +3.9% | +189.62% | Add |
| 2 | FWONKUSD | Liberty Media Corp-liberty-c | +2.8% | +88.61% | Add |
| 3 | ✓ | FedEx Corporation | +1.8% | +88.39% | Add |
| 4 | DOCU | Docusign INC | +1.3% | +31.60% | Add |
| 5 | ✓ | Keysight Technologies, Inc. | +1.2% | -0.97% | Trim |
| 6 | GILD | Gilead Sciences INC | +0.5% | +26.65% | Add |
| 7 | ✓ | Visa Inc. | 0% | -2.68% | Trim |
| 8 | ✓ | Alphabet Inc. | -0.1% | -8.06% | Trim |
| 9 | GGG | Graco INC | -0.1% | +1.36% | Add |
| 10 | RDS-A | Shell Plc-spon Adr-a | -0.6% | -2.16% | Trim |
| 11 | EL | Estee Lauder Companies-cl A | -0.6% | -13.39% | Trim |
| 12 | INTC | Intel CORP | -0.7% | -1.59% | Trim |
| 13 | BF-B | Brown-forman Corp-class B | -0.7% | -0.75% | Trim |
| 14 | ✓ | Air Lease CORP | -0.8% | -2.05% | Trim |
| 15 | BRK-A | Berkshire Hathaway Inc-cl A | -1.4% | -50.00% | Trim |
| 16 | ✓ | Interactive Brokers Group In | -2.5% | -1.58% | Trim |
| 17 | ✓ | CME Group Inc. | -6.6% | -51.24% | Trim |
| 18 | WSO | Watsco INC | — | NEW | New buy |
| 19 | CTLEUR | Centurylink INC | — | EXIT | Sold out |
| 20 | BMY | Bristol-myers Squibb Co | — | NEW | New buy |
| 21 | MCO | Moody's CORP | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2019-03-31 | 2019-04-05 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-01-30 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-10-25 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-07-27 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-04-25 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-01-25 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-10-27 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-07-27 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-04 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-01-30 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-10-26 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-07-26 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-04-26 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-01-27 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-10-28 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-07-31 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-04-24 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-01-22 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-31 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-07-24 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-04-29 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-01-31 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-10-25 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-07-30 | 13F-HR | View on EDGAR |
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