Willis Investment Counsel

Q1 2014 13F-HR Holdings

Location
Gainesville, GA
Holdings as of
3/31/2014
Date filed
5/16/2014
Form type
13F-HR
Num holdings
110
Total value ($000)
$986,812
Net value change ($000)
-1,166,525 (-54.2%)
New positions
3
Sold out positions
8
Turnover %
2.5%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
PAYX 9,169 NEW
VZ 4,295 37.0%
PEP 3,322 75.6%
LINEAR TECH 3,302 66.4%
ROST 3,182 NEW
MAT 2,672 30.4%
UPS 2,426 52.5%
MSFT 2,389 10.0%
MSM 2,310 77.1%
EMR 2,196 679.9%
Top Reduces (Value $000, Stocks/ETFs)
Chubb Ltd. -1,099,440 -99.2%
STT -68,874 -90.3%
VOD -7,327 -49.5%
FE -6,326 -60.6%
TXN -5,999 -45.7%
AHC -5,498 -89.4%
STAPLES INC -4,275 -28.6%
WELLPOINT INC -3,806 -100.0%
BK -3,308 -42.1%
BBTGBX -3,225 -15.8%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type