Loudon Investment Management, LLC

Q1 2014 13F-HR Holdings

Location
Meriden, NH
Holdings as of
3/31/2014
Date filed
4/24/2014
Form type
13F-HR
Num holdings
82
Total value ($000)
$138,535
Net value change ($000)
+2,264 (1.7%)
New positions
4
Sold out positions
2
Turnover %
4.5%
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)
TUP 2,053 NEW
FCX 1,832 NEW
TEVA 1,616 35.2%
DLR 1,123 NEW
HCP Inc 1,112 308.9%
VCSH 785 281.4%
COMMONWEALTH REIT 544 19.9%
Dow Chemical Company 427 6.4%
DIAMOND OFFSHORE DRILLING, INC. 423 29.6%
MSFT 377 9.5%
Top Reduces (Value $000, Stocks/ETFs)
STAPLES INC -1,344 -27.7%
AFL -882 -19.3%
ADP -841 -63.0%
BA -725 -100.0%
PAYX -596 -37.5%
CLX -558 -28.8%
ITW -519 -65.2%
GE -485 -10.4%
ABBV -483 -18.0%
PENGROWTH ENERGY Corp -475 -55.0%
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