Which superinvestors hold Uniti Group Inc (UNIT)?

Per the latest SEC 13F filings, 1 superinvestor hold Uniti Group Inc (UNIT): Steven Romick. Combined value held is about $236,704, with Steven Romick the largest holder.

Uniti Group Inc

Held by 1 superinvestor (UNIT).

Educational data only — not investment advice. 13F positions are self-reported and can lag up to 45 days.

Valuation

Earnings Power & Asset Floor

Two intrinsic-value methods and a tangible asset floor — deterministic, not price forecasts or recommendations.

High leverage — ranges are a degraded approximation (see method).

Margin of safetyPrice sits below this method' value estimate.

margin of safety

fair value

above fair value

$11

cheaper$14 – $19 value estimatepricier

Uniti Group Inc (UNIT): A conservative earnings-power estimate, $14–$19 / sh; today’s price sits below it (price $11 as of 2026-06-26).

Model cautions

Owner-earnings yield diverges sharply from the 10-year Treasury (over 300 bps).

An observation from two valuation methods — not investment advice, not a buy/sell signal, and not a price target.

Price as of 2026-06-26 · yahoo · DGS10 4.4% @ 2026-06-25.

Method & numbers

Owner-earnings DCF $13.72 – $18.50 · Greenwald zero-growth $18.29 · zero-growth base $18.29

Moat Not assessable · terminal value 37% of present value · owner-earnings yield 15% vs 10Y 4.4%.

Graham earnings-power value (normalized NOPAT)$-26.96 – $-25.04 / sh

Normalized NOPAT = average operating margin over the years shown × latest-year revenue × (1 − normalized tax); then + D&A − maintenance capex (write A). Unlevered (pre-interest, attributable to all capital). Capitalized at the 9–11% rate band (read as a WACC proxy). Enterprise → equity bridge applied: + cash − total debt.

Years: 2025, 2024, 2023

v1 simplifications: Maintenance capex unavailable → degraded to the v1 simplification (maintenance capex = D&A, so the depreciation add-back nets to zero). Share-based compensation is left as a real expense (not added back). Operating margin is below its multi-year average (cyclical/declining): normalized margin capped at the latest year — no peak-margin capitalization (audit #2).

Buffett owner-earnings value$14.97 – $18.29 / sh

Owner earnings = average net income + average D&A − maintenance capex (zero-growth floor; no ΔNWC). Levered (starts from net income, already after interest — an equity-holder stream). Capitalized at the 9–11% rate band (read as a cost-of-equity proxy). No enterprise→equity bridge: the capitalized result is already equity value (subtracting debt would double-count interest).

Years: 2025, 2024, 2023

v1 simplifications: Maintenance capex or D&A unavailable → degraded to normalized net income (= average net income over the years shown). One-time items are not separately normalized (multi-year averaging smooths them partially). Share-based compensation is left as a real expense (not added back); see the SBC/OE disclosure. Capitalized at the same 9–11% band as a cost-of-equity proxy (theoretically the cost of equity is higher; v2 simplification, v3 to refine).

Asset floor: Tangible net assets = shareholders' equity − goodwill − intangibles, ÷ diluted shares (no R&D history to capitalize).

Moat reading: Franchise test compares earnings power (EPV) against reproduction value (tangible net assets + capitalized R&D). EPV well above reproduction value signals a moat; near it, a commodity; below it, value destruction. A directional reading, not a verdict.

Growth value gated to zero — no moat / ROIIC ≤ WACC, so no growth value is credited.

Window FY 2025, 2024, 2023 · discount band 9%–11% · normalized tax 3% (Average effective tax rate over 3 year(s), capped at the statutory 21%.) · diluted shares.

Owner-earnings DCF: growth g₁ 0% · OE FY 2025, 2024, 2023 · Discount band: 8.90%–12.00% (DGS10 +4.5% to a 12% strict end, as of 2026-06-25). No enterprise→equity bridge: owner earnings already flow to shareholders (post-interest), so no net cash is added and no debt subtracted — matching the engine owner-earnings lamp.

High leverage (net debt / shareholders' equity above 1.0): the single 9–11% rate band is a low-leverage / net-cash approximation and is directionally distorted here. The ranges are shown but should be read as degraded.

Superinvestors Holding This Security

Investor	Value	Shares	Weight (prev→now)
Steven Romick	$236,704	25,235	0.0% → 0.0%

Steven Romick
Value$236,704Weight (prev→now)0.0% → 0.0%

Ownership overview

Uniti Group Inc (UNIT) is held by 1 of the superinvestors tracked on Compounder, with a combined $236,704 in reported 13F value. The largest position belongs to Steven Romick, where it makes up 0.0% of the portfolio.

Holder counts and values reflect the most recent SEC Form 13F filings, through the quarter ended 2026-03-31. Source: SEC EDGAR. A 13F shows only long US-listed positions and can lag the real portfolio by up to 45 days, so this is disclosed long ownership, not a complete picture.

Holders over time

Superinvestors holding this security over the last 3 quarters: 1 → 1.

Early quarters may understate holder counts due to data backfill — read the slope with care.

Key facts & links

Ticker: UNIT
Total value held: $236,704
Largest holder: Steven Romick
External

Sources· SEC EDGAR 13F as of 2026-05-14

Steven Romick

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