MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q3 2013 (← Previous) (Next →)

Filing Date: Nov 14, 2013

Total Value: $1.317B (100.0% shares, 0.0% debt)

Holdings (27)

WFC Wells Fargo & Company 9.4%

Value $123M Shares 2,987,808 Share Price $41.32 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 8.7%

Value $115M Shares 2,125,232 Share Price $54.13 Est. Cost/Share — Unrealized @ Report Date —

BRO Brown & Brown, Inc. 7.9%

Value $105M Shares 3,257,726 Share Price $32.10 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 7.2%

Value $95.24M Shares 1,354,250 Share Price $70.33 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 6.9%

Value $90.34M Shares 1,265,465 Share Price $71.39 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 5.9%

Value $78.37M Shares 495,341 Share Price $158.21 Est. Cost/Share — Unrealized @ Report Date —

TOL Toll Brothers Inc 5.3%

Value $69.39M Shares 2,139,525 Share Price $32.43 Est. Cost/Share — Unrealized @ Report Date —

— Leucadia National Corporation 4.8%

Value $63.07M Shares 2,315,379 Share Price $27.24 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 4.3%

Value $56.68M Shares 1,549,446 Share Price $36.58 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 3.7%

Value $48.31M Shares 1,096,511 Share Price $44.06 Est. Cost/Share — Unrealized @ Report Date —

MLM Martin Marietta Materials 3.6%

Value $47.19M Shares 480,663 Share Price $98.17 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc. 3.5%

Value $45.76M Shares 49,781 Share Price $919.19 Est. Cost/Share — Unrealized @ Report Date —

— Allied World Assurance Co Hldg 3.1%

Value $40.34M Shares 405,909 Share Price $99.39 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 3.0%

Value $39.13M Shares 778,370 Share Price $50.27 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 2.9%

Value $38.29M Shares 56,912 Share Price $672.78 Est. Cost/Share — Unrealized @ Report Date —

CHRW C.H. Robinson Worldwide Inc. 2.8%

Value $36.69M Shares 615,694 Share Price $59.59 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 2.5%

Value $33.01M Shares 405,575 Share Price $81.39 Est. Cost/Share — Unrealized @ Report Date —

BRK/B Berkshire Hathaway Class B 2.5%

Value $32.8M Shares 288,960 Share Price $113.51 Est. Cost/Share — Unrealized @ Report Date —

FRFHF Fairfax Financial Hldgs LTD 2.5%

Value $32.67M Shares 80,175 Share Price $407.55 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 1.9%

Value $24.43M Shares 157,268 Share Price $155.34 Est. Cost/Share — Unrealized @ Report Date —

DVN Devon Energy Corp 1.7%

Value $23.05M Shares 399,010 Share Price $57.76 Est. Cost/Share — Unrealized @ Report Date —

BRK/A Berkshire Hathaway Class A 1.5%

Value $19.26M Shares 113 Share Price $170407.08 Est. Cost/Share — Unrealized @ Report Date —

— Capital Source Inc 1.3%

Value $17.67M Shares 1,487,488 Share Price $11.88 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.2%

Value $16.3M Shares 153,453 Share Price $106.21 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 1.1%

Value $15.03M Shares 78,660 Share Price $191.10 Est. Cost/Share — Unrealized @ Report Date —

MCD Mc Donald's Corporation 0.7%

Value $9.119M Shares 94,780 Share Price $96.21 Est. Cost/Share — Unrealized @ Report Date —

CWGL Crimson Wine Group Ltd 0.2%

Value $2.193M Shares 229,591 Share Price $9.55 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WFC	Wells Fargo & Company	2,987,808	$123M	9.4%	$41.32	—	—	COM	949746101
ACGL	Arch Capital Group Ltd	2,125,232	$115M	8.7%	$54.13	—	—	COM	G0450A105
BRO	Brown & Brown, Inc.	3,257,726	$105M	7.9%	$32.10	—	—	COM	115236101
MCO	Moody's Corp.	1,354,250	$95.24M	7.2%	$70.33	—	—	COM	615369105
YUM	YUM! Brands Inc	1,265,465	$90.34M	6.9%	$71.39	—	—	COM	988498101
GS	Goldman Sachs Group Inc	495,341	$78.37M	5.9%	$158.21	—	—	COM	38141G104
TOL	Toll Brothers Inc	2,139,525	$69.39M	5.3%	$32.43	—	—	COM	889478103
—	Leucadia National Corporation	2,315,379	$63.07M	4.8%	$27.24	—	—	COM	527288104
USB	US Bancorp	1,549,446	$56.68M	4.3%	$36.58	—	—	COM	902973304
EXPD	Expeditors International of Wa	1,096,511	$48.31M	3.7%	$44.06	—	—	COM	302130109
MLM	Martin Marietta Materials	480,663	$47.19M	3.6%	$98.17	—	—	COM	573284106
NVR	NVR Inc.	49,781	$45.76M	3.5%	$919.19	—	—	COM	62944T105
—	Allied World Assurance Co Hldg	405,909	$40.34M	3.1%	$99.39	—	—	COM	H01531104
FAST	Fastenal Co	778,370	$39.13M	3.0%	$50.27	—	—	COM	311900104
MA	Mastercard Inc Class A	56,912	$38.29M	2.9%	$672.78	—	—	COM	57636Q104
CHRW	C.H. Robinson Worldwide Inc.	615,694	$36.69M	2.8%	$59.59	—	—	COM	12541W209
DE	Deere & Co.	405,575	$33.01M	2.5%	$81.39	—	—	COM	244199105
BRK/B	Berkshire Hathaway Class B	288,960	$32.8M	2.5%	$113.51	—	—	COM	084670702
FRFHF	Fairfax Financial Hldgs LTD	80,175	$32.67M	2.5%	$407.55	—	—	COM	303901102
UNP	Union Pacific Corporation	157,268	$24.43M	1.9%	$155.34	—	—	COM	907818108
DVN	Devon Energy Corp	399,010	$23.05M	1.7%	$57.76	—	—	COM	25179M103
BRK/A	Berkshire Hathaway Class A	113	$19.26M	1.5%	$170407.08	—	—	COM	084670108
—	Capital Source Inc	1,487,488	$17.67M	1.3%	$11.88	—	—	COM	14055X102
WAT	Waters Corp	153,453	$16.3M	1.2%	$106.21	—	—	COM	941848103
V	Visa Inc Cl A	78,660	$15.03M	1.1%	$191.10	—	—	COM	92826C839
MCD	Mc Donald's Corporation	94,780	$9.119M	0.7%	$96.21	—	—	COM	580135101
CWGL	Crimson Wine Group Ltd	229,591	$2.193M	0.2%	$9.55	—	—	COM	22662X100