MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q2 2013 (Next →)

Filing Date: Aug 13, 2013

Total Value ($000): $1,280,071 (100.0% shares, 0.0% debt)

Holdings (27)

WFC Wells Fargo & Company 9.7%

Value ($000) $124,541 Shares 3,017,725 Est. Cost $27.36 Unrealized 0.0%

ACGL Arch Capital Group Ltd 8.6%

Value ($000) $110,303 Shares 2,145,553 Est. Cost $16.55 Unrealized 0.0%

BRO Brown & Brown, Inc. 8.3%

Value ($000) $106,016 Shares 3,288,330 Est. Cost $13.98 Unrealized 0.0%

YUM YUM! Brands Inc 6.9%

Value ($000) $88,680 Shares 1,278,914 Est. Cost $38.97 Unrealized 0.0%

MCO Moody's Corp. 6.4%

Value ($000) $81,791 Shares 1,342,371 Est. Cost $53.10 Unrealized 0.0%

GS Goldman Sachs Group Inc 5.9%

Value ($000) $75,246 Shares 497,495 Est. Cost $120.06 Unrealized 0.0%

TOL Toll Brothers Inc 5.5%

Value ($000) $70,452 Shares 2,159,123 Est. Cost $33.80 Unrealized 0.0%

— Leucadia National Corporation 4.8%

Value ($000) $61,166 Shares 2,332,782 Est. Cost $26.22 Unrealized —

FRFHF Fairfax Financial Hldgs LTD 4.6%

Value ($000) $59,521 Shares 152,579 Est. Cost $316.93 Unrealized 0.0%

USB US Bancorp 4.4%

Value ($000) $56,387 Shares 1,559,816 Est. Cost $22.41 Unrealized 0.0%

MLM Martin Marietta Materials 3.9%

Value ($000) $50,084 Shares 508,877 Est. Cost $93.00 Unrealized 0.0%

NVR NVR Inc. 3.6%

Value ($000) $46,379 Shares 50,303 Est. Cost $993.91 Unrealized 0.0%

EXPD Expeditors International of Wa 3.3%

Value ($000) $41,606 Shares 1,093,740 Est. Cost $31.69 Unrealized 0.0%

— Capital Source Inc 3.2%

Value ($000) $41,138 Shares 4,385,716 Est. Cost $9.38 Unrealized —

FAST Fastenal Co 2.8%

Value ($000) $35,991 Shares 785,992 Est. Cost $8.84 Unrealized 0.0%

CHRW C.H. Robinson Worldwide Inc. 2.6%

Value ($000) $33,260 Shares 590,660 Est. Cost $42.72 Unrealized 0.0%

BRK/B Berkshire Hathaway Class B 2.6%

Value ($000) $33,056 Shares 295,350 Est. Cost $110.02 Unrealized 0.0%

MA Mastercard Inc Class A 2.6%

Value ($000) $32,824 Shares 57,135 Est. Cost $51.54 Unrealized 0.0%

— Allied World Assurance Co Hldg 2.0%

Value ($000) $26,201 Shares 286,321 Est. Cost $91.51 Unrealized —

UNP Union Pacific Corporation 1.9%

Value ($000) $24,475 Shares 158,643 Est. Cost $57.06 Unrealized 0.0%

DVN Devon Energy Corp 1.6%

Value ($000) $20,034 Shares 386,165 Est. Cost $37.00 Unrealized 0.0%

BRK/A Berkshire Hathaway Class A 1.5%

Value ($000) $19,052 Shares 113 Est. Cost $165023.42 Unrealized 0.0%

WAT Waters Corp 1.2%

Value ($000) $15,436 Shares 154,286 Est. Cost $95.76 Unrealized 0.0%

V Visa Inc Cl A 1.1%

Value ($000) $14,446 Shares 79,045 Est. Cost $40.02 Unrealized 0.0%

MCD Mc Donald's Corporation 0.7%

Value ($000) $9,460 Shares 95,553 Est. Cost $71.80 Unrealized 0.0%

CWGL Crimson Wine Group Ltd 0.2%

Value ($000) $1,967 Shares 230,967 Est. Cost $8.92 Unrealized 0.0%

— HomeFed Corp 0.0%

Value ($000) $559 Shares 17,193 Est. Cost $32.51 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WFC	Wells Fargo & Company	3,017,725	$124,541	9.7%	$27.36	0.0%	COM	949746101
ACGL	Arch Capital Group Ltd	2,145,553	$110,303	8.6%	$16.55	0.0%	COM	G0450A105
BRO	Brown & Brown, Inc.	3,288,330	$106,016	8.3%	$13.98	0.0%	COM	115236101
YUM	YUM! Brands Inc	1,278,914	$88,680	6.9%	$38.97	0.0%	COM	988498101
MCO	Moody's Corp.	1,342,371	$81,791	6.4%	$53.10	0.0%	COM	615369105
GS	Goldman Sachs Group Inc	497,495	$75,246	5.9%	$120.06	0.0%	COM	38141G104
TOL	Toll Brothers Inc	2,159,123	$70,452	5.5%	$33.80	0.0%	COM	889478103
—	Leucadia National Corporation	2,332,782	$61,166	4.8%	$26.22	—	COM	527288104
FRFHF	Fairfax Financial Hldgs LTD	152,579	$59,521	4.6%	$316.93	0.0%	COM	303901102
USB	US Bancorp	1,559,816	$56,387	4.4%	$22.41	0.0%	COM	902973304
MLM	Martin Marietta Materials	508,877	$50,084	3.9%	$93.00	0.0%	COM	573284106
NVR	NVR Inc.	50,303	$46,379	3.6%	$993.91	0.0%	COM	62944T105
EXPD	Expeditors International of Wa	1,093,740	$41,606	3.3%	$31.69	0.0%	COM	302130109
—	Capital Source Inc	4,385,716	$41,138	3.2%	$9.38	—	COM	14055X102
FAST	Fastenal Co	785,992	$35,991	2.8%	$8.84	0.0%	COM	311900104
CHRW	C.H. Robinson Worldwide Inc.	590,660	$33,260	2.6%	$42.72	0.0%	COM	12541W209
BRK/B	Berkshire Hathaway Class B	295,350	$33,056	2.6%	$110.02	0.0%	COM	084670702
MA	Mastercard Inc Class A	57,135	$32,824	2.6%	$51.54	0.0%	COM	57636Q104
—	Allied World Assurance Co Hldg	286,321	$26,201	2.0%	$91.51	—	COM	H01531104
UNP	Union Pacific Corporation	158,643	$24,475	1.9%	$57.06	0.0%	COM	907818108
DVN	Devon Energy Corp	386,165	$20,034	1.6%	$37.00	0.0%	COM	25179M103
BRK/A	Berkshire Hathaway Class A	113	$19,052	1.5%	$165023.42	0.0%	COM	084670108
WAT	Waters Corp	154,286	$15,436	1.2%	$95.76	0.0%	COM	941848103
V	Visa Inc Cl A	79,045	$14,446	1.1%	$40.02	0.0%	COM	92826C839
MCD	Mc Donald's Corporation	95,553	$9,460	0.7%	$71.80	0.0%	COM	580135101
CWGL	Crimson Wine Group Ltd	230,967	$1,967	0.2%	$8.92	0.0%	COM	22662X100
—	HomeFed Corp	17,193	$559	0.0%	$32.51	—	COM	43739D307