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 Est. Cost $27.36 Unrealized 0.0%

ACGL Arch Capital Group Ltd 8.6%

Value $110M Shares 2,145,553 Est. Cost $16.55 Unrealized 0.0%

BRO Brown & Brown, Inc. 8.3%

Value $106M Shares 3,288,330 Est. Cost $13.98 Unrealized 0.0%

YUM YUM! Brands Inc 6.9%

Value $88.68M Shares 1,278,914 Est. Cost $38.97 Unrealized 0.0%

MCO Moody's Corp. 6.4%

Value $81.79M Shares 1,342,371 Est. Cost $53.10 Unrealized 0.0%

GS Goldman Sachs Group Inc 5.9%

Value $75.25M Shares 497,495 Est. Cost $120.06 Unrealized 0.0%

TOL Toll Brothers Inc 5.5%

Value $70.45M Shares 2,159,123 Est. Cost $33.80 Unrealized 0.0%

— Leucadia National Corporation 4.8%

Value $61.17M Shares 2,332,782 Est. Cost $26.22 Unrealized —

FRFHF Fairfax Financial Hldgs LTD 4.6%

Value $59.52M Shares 152,579 Est. Cost $316.93 Unrealized 0.0%

USB US Bancorp 4.4%

Value $56.39M Shares 1,559,816 Est. Cost $22.41 Unrealized 0.0%

MLM Martin Marietta Materials 3.9%

Value $50.08M Shares 508,877 Est. Cost $93.00 Unrealized 0.0%

NVR NVR Inc. 3.6%

Value $46.38M Shares 50,303 Est. Cost $993.91 Unrealized 0.0%

EXPD Expeditors International of Wa 3.3%

Value $41.61M Shares 1,093,740 Est. Cost $31.69 Unrealized 0.0%

— Capital Source Inc 3.2%

Value $41.14M Shares 4,385,716 Est. Cost $9.38 Unrealized —

FAST Fastenal Co 2.8%

Value $35.99M Shares 785,992 Est. Cost $8.84 Unrealized 0.0%

CHRW C.H. Robinson Worldwide Inc. 2.6%

Value $33.26M Shares 590,660 Est. Cost $42.72 Unrealized 0.0%

BRK/B Berkshire Hathaway Class B 2.6%

Value $33.06M Shares 295,350 Est. Cost $110.02 Unrealized 0.0%

MA Mastercard Inc Class A 2.6%

Value $32.82M Shares 57,135 Est. Cost $51.54 Unrealized 0.0%

— Allied World Assurance Co Hldg 2.0%

Value $26.2M Shares 286,321 Est. Cost $91.51 Unrealized —

UNP Union Pacific Corporation 1.9%

Value $24.48M Shares 158,643 Est. Cost $57.06 Unrealized 0.0%

DVN Devon Energy Corp 1.6%

Value $20.03M Shares 386,165 Est. Cost $37.00 Unrealized 0.0%

BRK/A Berkshire Hathaway Class A 1.5%

Value $19.05M Shares 113 Est. Cost $165023.42 Unrealized 0.0%

WAT Waters Corp 1.2%

Value $15.44M Shares 154,286 Est. Cost $95.76 Unrealized 0.0%

V Visa Inc Cl A 1.1%

Value $14.45M Shares 79,045 Est. Cost $40.02 Unrealized 0.0%

MCD Mc Donald's Corporation 0.7%

Value $9.46M Shares 95,553 Est. Cost $71.80 Unrealized 0.0%

CWGL Crimson Wine Group Ltd 0.2%

Value $1.967M Shares 230,967 Est. Cost $8.92 Unrealized 0.0%

— HomeFed Corp 0.0%

Value $559K Shares 17,193 Est. Cost $32.51 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WFC	Wells Fargo & Company	3,017,725	$125M	9.7%	$27.36	0.0%	COM	949746101
ACGL	Arch Capital Group Ltd	2,145,553	$110M	8.6%	$16.55	0.0%	COM	G0450A105
BRO	Brown & Brown, Inc.	3,288,330	$106M	8.3%	$13.98	0.0%	COM	115236101
YUM	YUM! Brands Inc	1,278,914	$88.68M	6.9%	$38.97	0.0%	COM	988498101
MCO	Moody's Corp.	1,342,371	$81.79M	6.4%	$53.10	0.0%	COM	615369105
GS	Goldman Sachs Group Inc	497,495	$75.25M	5.9%	$120.06	0.0%	COM	38141G104
TOL	Toll Brothers Inc	2,159,123	$70.45M	5.5%	$33.80	0.0%	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%	$316.93	0.0%	COM	303901102
USB	US Bancorp	1,559,816	$56.39M	4.4%	$22.41	0.0%	COM	902973304
MLM	Martin Marietta Materials	508,877	$50.08M	3.9%	$93.00	0.0%	COM	573284106
NVR	NVR Inc.	50,303	$46.38M	3.6%	$993.91	0.0%	COM	62944T105
EXPD	Expeditors International of Wa	1,093,740	$41.61M	3.3%	$31.69	0.0%	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%	$8.84	0.0%	COM	311900104
CHRW	C.H. Robinson Worldwide Inc.	590,660	$33.26M	2.6%	$42.72	0.0%	COM	12541W209
BRK/B	Berkshire Hathaway Class B	295,350	$33.06M	2.6%	$110.02	0.0%	COM	084670702
MA	Mastercard Inc Class A	57,135	$32.82M	2.6%	$51.54	0.0%	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%	$57.06	0.0%	COM	907818108
DVN	Devon Energy Corp	386,165	$20.03M	1.6%	$37.00	0.0%	COM	25179M103
BRK/A	Berkshire Hathaway Class A	113	$19.05M	1.5%	$165023.42	0.0%	COM	084670108
WAT	Waters Corp	154,286	$15.44M	1.2%	$95.76	0.0%	COM	941848103
V	Visa Inc Cl A	79,045	$14.45M	1.1%	$40.02	0.0%	COM	92826C839
MCD	Mc Donald's Corporation	95,553	$9.46M	0.7%	$71.80	0.0%	COM	580135101
CWGL	Crimson Wine Group Ltd	230,967	$1.967M	0.2%	$8.92	0.0%	COM	22662X100
—	HomeFed Corp	17,193	$559K	0.0%	$32.51	—	COM	43739D307