MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q3 2013 (← Previous) (Next →)

Filing Date: Nov 14, 2013

Total Value ($000): $1,317,395 (100.0% shares, 0.0% debt)

Holdings (27)

WFC Wells Fargo & Company 9.4%

Value ($000) $123,456 Shares 2,987,808 Est. Cost $27.36 Unrealized +10.3%

ACGL Arch Capital Group Ltd 8.7%

Value ($000) $115,039 Shares 2,125,232 Est. Cost $16.55 Unrealized +2.7%

BRO Brown & Brown, Inc. 7.9%

Value ($000) $104,573 Shares 3,257,726 Est. Cost $13.98 Unrealized +3.5%

MCO Moody's Corp. 7.2%

Value ($000) $95,244 Shares 1,354,250 Est. Cost $53.10 Unrealized +8.5%

YUM YUM! Brands Inc 6.9%

Value ($000) $90,342 Shares 1,265,465 Est. Cost $38.97 Unrealized +5.2%

GS Goldman Sachs Group Inc 5.9%

Value ($000) $78,368 Shares 495,341 Est. Cost $120.06 Unrealized +5.9%

TOL Toll Brothers Inc 5.3%

Value ($000) $69,385 Shares 2,139,525 Est. Cost $33.80 Unrealized -4.3%

— Leucadia National Corporation 4.8%

Value ($000) $63,071 Shares 2,315,379 Est. Cost $26.22 Unrealized —

USB US Bancorp 4.3%

Value ($000) $56,679 Shares 1,549,446 Est. Cost $22.41 Unrealized +8.6%

EXPD Expeditors International of Wa 3.7%

Value ($000) $48,312 Shares 1,096,511 Est. Cost $31.69 Unrealized +11.4%

MLM Martin Marietta Materials 3.6%

Value ($000) $47,187 Shares 480,663 Est. Cost $93.00 Unrealized -3.9%

NVR NVR Inc. 3.5%

Value ($000) $45,758 Shares 49,781 Est. Cost $993.91 Unrealized -9.0%

— Allied World Assurance Co Hldg 3.1%

Value ($000) $40,343 Shares 405,909 Est. Cost $93.83 Unrealized —

FAST Fastenal Co 3.0%

Value ($000) $39,129 Shares 778,370 Est. Cost $8.84 Unrealized -2.8%

MA Mastercard Inc Class A 2.9%

Value ($000) $38,289 Shares 56,912 Est. Cost $51.54 Unrealized +13.1%

CHRW C.H. Robinson Worldwide Inc. 2.8%

Value ($000) $36,689 Shares 615,694 Est. Cost $42.76 Unrealized +2.4%

DE Deere & Co. 2.5%

Value ($000) $33,010 Shares 405,575 Est. Cost $65.96 Unrealized 0.0%

BRK/B Berkshire Hathaway Class B 2.5%

Value ($000) $32,800 Shares 288,960 Est. Cost $110.02 Unrealized +4.9%

FRFHF Fairfax Financial Hldgs LTD 2.5%

Value ($000) $32,675 Shares 80,175 Est. Cost $316.93 Unrealized +0.7%

UNP Union Pacific Corporation 1.9%

Value ($000) $24,430 Shares 157,268 Est. Cost $57.06 Unrealized +5.4%

DVN Devon Energy Corp 1.7%

Value ($000) $23,047 Shares 399,010 Est. Cost $37.03 Unrealized +2.9%

BRK/A Berkshire Hathaway Class A 1.5%

Value ($000) $19,256 Shares 113 Est. Cost $165023.42 Unrealized +4.8%

— Capital Source Inc 1.3%

Value ($000) $17,671 Shares 1,487,488 Est. Cost $9.38 Unrealized —

WAT Waters Corp 1.2%

Value ($000) $16,298 Shares 153,453 Est. Cost $95.76 Unrealized +7.1%

V Visa Inc Cl A 1.1%

Value ($000) $15,032 Shares 78,660 Est. Cost $40.02 Unrealized +5.8%

MCD Mc Donald's Corporation 0.7%

Value ($000) $9,119 Shares 94,780 Est. Cost $71.80 Unrealized -1.7%

CWGL Crimson Wine Group Ltd 0.2%

Value ($000) $2,193 Shares 229,591 Est. Cost $8.92 Unrealized +2.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WFC	Wells Fargo & Company	2,987,808	$123,456	9.4%	$27.36	+10.3%	COM	949746101
ACGL	Arch Capital Group Ltd	2,125,232	$115,039	8.7%	$16.55	+2.7%	COM	G0450A105
BRO	Brown & Brown, Inc.	3,257,726	$104,573	7.9%	$13.98	+3.5%	COM	115236101
MCO	Moody's Corp.	1,354,250	$95,244	7.2%	$53.10	+8.5%	COM	615369105
YUM	YUM! Brands Inc	1,265,465	$90,342	6.9%	$38.97	+5.2%	COM	988498101
GS	Goldman Sachs Group Inc	495,341	$78,368	5.9%	$120.06	+5.9%	COM	38141G104
TOL	Toll Brothers Inc	2,139,525	$69,385	5.3%	$33.80	-4.3%	COM	889478103
—	Leucadia National Corporation	2,315,379	$63,071	4.8%	$26.22	—	COM	527288104
USB	US Bancorp	1,549,446	$56,679	4.3%	$22.41	+8.6%	COM	902973304
EXPD	Expeditors International of Wa	1,096,511	$48,312	3.7%	$31.69	+11.4%	COM	302130109
MLM	Martin Marietta Materials	480,663	$47,187	3.6%	$93.00	-3.9%	COM	573284106
NVR	NVR Inc.	49,781	$45,758	3.5%	$993.91	-9.0%	COM	62944T105
—	Allied World Assurance Co Hldg	405,909	$40,343	3.1%	$93.83	—	COM	H01531104
FAST	Fastenal Co	778,370	$39,129	3.0%	$8.84	-2.8%	COM	311900104
MA	Mastercard Inc Class A	56,912	$38,289	2.9%	$51.54	+13.1%	COM	57636Q104
CHRW	C.H. Robinson Worldwide Inc.	615,694	$36,689	2.8%	$42.76	+2.4%	COM	12541W209
DE	Deere & Co.	405,575	$33,010	2.5%	$65.96	0.0%	COM	244199105
BRK/B	Berkshire Hathaway Class B	288,960	$32,800	2.5%	$110.02	+4.9%	COM	084670702
FRFHF	Fairfax Financial Hldgs LTD	80,175	$32,675	2.5%	$316.93	+0.7%	COM	303901102
UNP	Union Pacific Corporation	157,268	$24,430	1.9%	$57.06	+5.4%	COM	907818108
DVN	Devon Energy Corp	399,010	$23,047	1.7%	$37.03	+2.9%	COM	25179M103
BRK/A	Berkshire Hathaway Class A	113	$19,256	1.5%	$165023.42	+4.8%	COM	084670108
—	Capital Source Inc	1,487,488	$17,671	1.3%	$9.38	—	COM	14055X102
WAT	Waters Corp	153,453	$16,298	1.2%	$95.76	+7.1%	COM	941848103
V	Visa Inc Cl A	78,660	$15,032	1.1%	$40.02	+5.8%	COM	92826C839
MCD	Mc Donald's Corporation	94,780	$9,119	0.7%	$71.80	-1.7%	COM	580135101
CWGL	Crimson Wine Group Ltd	229,591	$2,193	0.2%	$8.92	+2.9%	COM	22662X100