MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q2 2013 (Next →)

Filing Date: Aug 13, 2013

Total Value: $1.28B (100.0% shares, 0.0% debt)

Holdings (27)

WFC Wells Fargo & Company 9.7%

Value $125M Shares 3,017,725 Share Price $41.27 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 8.6%

Value $110M Shares 2,145,553 Share Price $51.41 Est. Cost/Share — Unrealized @ Report Date —

BRO Brown & Brown, Inc. 8.3%

Value $106M Shares 3,288,330 Share Price $32.24 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 6.9%

Value $88.68M Shares 1,278,914 Share Price $69.34 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 6.4%

Value $81.79M Shares 1,342,371 Share Price $60.93 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 5.9%

Value $75.25M Shares 497,495 Share Price $151.25 Est. Cost/Share — Unrealized @ Report Date —

TOL Toll Brothers Inc 5.5%

Value $70.45M Shares 2,159,123 Share Price $32.63 Est. Cost/Share — Unrealized @ Report Date —

— Leucadia National Corporation 4.8%

Value $61.17M Shares 2,332,782 Share Price $26.22 Est. Cost/Share — Unrealized @ Report Date —

FRFHF Fairfax Financial Hldgs LTD 4.6%

Value $59.52M Shares 152,579 Share Price $390.10 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 4.4%

Value $56.39M Shares 1,559,816 Share Price $36.15 Est. Cost/Share — Unrealized @ Report Date —

MLM Martin Marietta Materials 3.9%

Value $50.08M Shares 508,877 Share Price $98.42 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc. 3.6%

Value $46.38M Shares 50,303 Share Price $921.99 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 3.3%

Value $41.61M Shares 1,093,740 Share Price $38.04 Est. Cost/Share — Unrealized @ Report Date —

— Capital Source Inc 3.2%

Value $41.14M Shares 4,385,716 Share Price $9.38 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 2.8%

Value $35.99M Shares 785,992 Share Price $45.79 Est. Cost/Share — Unrealized @ Report Date —

CHRW C.H. Robinson Worldwide Inc. 2.6%

Value $33.26M Shares 590,660 Share Price $56.31 Est. Cost/Share — Unrealized @ Report Date —

BRK/B Berkshire Hathaway Class B 2.6%

Value $33.06M Shares 295,350 Share Price $111.92 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 2.6%

Value $32.82M Shares 57,135 Share Price $574.50 Est. Cost/Share — Unrealized @ Report Date —

— Allied World Assurance Co Hldg 2.0%

Value $26.2M Shares 286,321 Share Price $91.51 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 1.9%

Value $24.48M Shares 158,643 Share Price $154.28 Est. Cost/Share — Unrealized @ Report Date —

DVN Devon Energy Corp 1.6%

Value $20.03M Shares 386,165 Share Price $51.88 Est. Cost/Share — Unrealized @ Report Date —

BRK/A Berkshire Hathaway Class A 1.5%

Value $19.05M Shares 113 Share Price $168601.77 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.2%

Value $15.44M Shares 154,286 Share Price $100.05 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 1.1%

Value $14.45M Shares 79,045 Share Price $182.76 Est. Cost/Share — Unrealized @ Report Date —

MCD Mc Donald's Corporation 0.7%

Value $9.46M Shares 95,553 Share Price $99.00 Est. Cost/Share — Unrealized @ Report Date —

CWGL Crimson Wine Group Ltd 0.2%

Value $1.967M Shares 230,967 Share Price $8.52 Est. Cost/Share — Unrealized @ Report Date —

— HomeFed Corp 0.0%

Value $559K Shares 17,193 Share Price $32.51 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WFC	Wells Fargo & Company	3,017,725	$125M	9.7%	$41.27	—	—	COM	949746101
ACGL	Arch Capital Group Ltd	2,145,553	$110M	8.6%	$51.41	—	—	COM	G0450A105
BRO	Brown & Brown, Inc.	3,288,330	$106M	8.3%	$32.24	—	—	COM	115236101
YUM	YUM! Brands Inc	1,278,914	$88.68M	6.9%	$69.34	—	—	COM	988498101
MCO	Moody's Corp.	1,342,371	$81.79M	6.4%	$60.93	—	—	COM	615369105
GS	Goldman Sachs Group Inc	497,495	$75.25M	5.9%	$151.25	—	—	COM	38141G104
TOL	Toll Brothers Inc	2,159,123	$70.45M	5.5%	$32.63	—	—	COM	889478103
—	Leucadia National Corporation	2,332,782	$61.17M	4.8%	$26.22	—	—	COM	527288104
FRFHF	Fairfax Financial Hldgs LTD	152,579	$59.52M	4.6%	$390.10	—	—	COM	303901102
USB	US Bancorp	1,559,816	$56.39M	4.4%	$36.15	—	—	COM	902973304
MLM	Martin Marietta Materials	508,877	$50.08M	3.9%	$98.42	—	—	COM	573284106
NVR	NVR Inc.	50,303	$46.38M	3.6%	$921.99	—	—	COM	62944T105
EXPD	Expeditors International of Wa	1,093,740	$41.61M	3.3%	$38.04	—	—	COM	302130109
—	Capital Source Inc	4,385,716	$41.14M	3.2%	$9.38	—	—	COM	14055X102
FAST	Fastenal Co	785,992	$35.99M	2.8%	$45.79	—	—	COM	311900104
CHRW	C.H. Robinson Worldwide Inc.	590,660	$33.26M	2.6%	$56.31	—	—	COM	12541W209
BRK/B	Berkshire Hathaway Class B	295,350	$33.06M	2.6%	$111.92	—	—	COM	084670702
MA	Mastercard Inc Class A	57,135	$32.82M	2.6%	$574.50	—	—	COM	57636Q104
—	Allied World Assurance Co Hldg	286,321	$26.2M	2.0%	$91.51	—	—	COM	H01531104
UNP	Union Pacific Corporation	158,643	$24.48M	1.9%	$154.28	—	—	COM	907818108
DVN	Devon Energy Corp	386,165	$20.03M	1.6%	$51.88	—	—	COM	25179M103
BRK/A	Berkshire Hathaway Class A	113	$19.05M	1.5%	$168601.77	—	—	COM	084670108
WAT	Waters Corp	154,286	$15.44M	1.2%	$100.05	—	—	COM	941848103
V	Visa Inc Cl A	79,045	$14.45M	1.1%	$182.76	—	—	COM	92826C839
MCD	Mc Donald's Corporation	95,553	$9.46M	0.7%	$99.00	—	—	COM	580135101
CWGL	Crimson Wine Group Ltd	230,967	$1.967M	0.2%	$8.52	—	—	COM	22662X100
—	HomeFed Corp	17,193	$559K	0.0%	$32.51	—	—	COM	43739D307