MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q4 2013 (← Previous) (Next →)

Filing Date: Feb 14, 2014

Total Value ($000): $1,341,129 (100.0% shares, 0.0% debt)

Holdings (25)

WFC Wells Fargo & Company 9.9%

Value ($000) $132,427 Shares 2,916,893 Est. Cost $27.36 Unrealized +12.4%

ACGL Arch Capital Group Ltd 9.2%

Value ($000) $123,721 Shares 2,072,719 Est. Cost $16.55 Unrealized +10.2%

MCO Moody's Corp. 7.7%

Value ($000) $103,734 Shares 1,321,961 Est. Cost $53.10 Unrealized +21.5%

BRO Brown & Brown, Inc. 7.4%

Value ($000) $99,697 Shares 3,176,074 Est. Cost $13.98 Unrealized +0.8%

GS Goldman Sachs Group Inc 6.4%

Value ($000) $85,989 Shares 485,103 Est. Cost $120.06 Unrealized +8.8%

YUM YUM! Brands Inc 6.2%

Value ($000) $83,506 Shares 1,104,429 Est. Cost $38.97 Unrealized +4.9%

TOL Toll Brothers Inc 5.8%

Value ($000) $77,424 Shares 2,092,528 Est. Cost $33.80 Unrealized -1.9%

— Leucadia National Corporation 4.8%

Value ($000) $64,030 Shares 2,259,355 Est. Cost $26.22 Unrealized —

USB US Bancorp 4.5%

Value ($000) $60,922 Shares 1,507,963 Est. Cost $22.41 Unrealized +13.2%

NVR NVR Inc. 3.7%

Value ($000) $49,990 Shares 48,723 Est. Cost $993.91 Unrealized -4.5%

EXPD Expeditors International of Wa 3.5%

Value ($000) $47,566 Shares 1,074,945 Est. Cost $31.69 Unrealized +17.5%

MLM Martin Marietta Materials 3.5%

Value ($000) $46,637 Shares 466,651 Est. Cost $93.00 Unrealized -4.5%

MA Mastercard Inc Class A 3.4%

Value ($000) $46,129 Shares 55,214 Est. Cost $51.54 Unrealized +34.0%

— Allied World Assurance Co Hldg 3.3%

Value ($000) $44,545 Shares 394,865 Est. Cost $93.83 Unrealized —

DE Deere & Co. 3.1%

Value ($000) $40,963 Shares 448,513 Est. Cost $66.10 Unrealized +2.1%

DVN Devon Energy Corp 3.0%

Value ($000) $40,137 Shares 648,727 Est. Cost $38.57 Unrealized +6.4%

FAST Fastenal Co 2.7%

Value ($000) $36,077 Shares 759,350 Est. Cost $8.84 Unrealized -1.0%

CHRW C.H. Robinson Worldwide Inc. 2.6%

Value ($000) $34,910 Shares 598,290 Est. Cost $42.76 Unrealized +3.1%

BRK/B Berkshire Hathaway Class B 2.5%

Value ($000) $33,821 Shares 285,266 Est. Cost $110.02 Unrealized +5.1%

UNP Union Pacific Corporation 1.9%

Value ($000) $25,914 Shares 154,247 Est. Cost $57.06 Unrealized +6.1%

BRK/A Berkshire Hathaway Class A 1.5%

Value ($000) $20,103 Shares 113 Est. Cost $165023.42 Unrealized +5.1%

V Visa Inc Cl A 1.3%

Value ($000) $17,012 Shares 76,395 Est. Cost $40.02 Unrealized +15.7%

WAT Waters Corp 1.1%

Value ($000) $14,869 Shares 148,695 Est. Cost $95.76 Unrealized +5.3%

MCD Mc Donald's Corporation 0.7%

Value ($000) $9,025 Shares 93,012 Est. Cost $71.80 Unrealized -2.5%

CWGL Crimson Wine Group Ltd 0.1%

Value ($000) $1,981 Shares 224,081 Est. Cost $8.92 Unrealized -1.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WFC	Wells Fargo & Company	2,916,893	$132,427	9.9%	$27.36	+12.4%	COM	949746101
ACGL	Arch Capital Group Ltd	2,072,719	$123,721	9.2%	$16.55	+10.2%	COM	G0450A105
MCO	Moody's Corp.	1,321,961	$103,734	7.7%	$53.10	+21.5%	COM	615369105
BRO	Brown & Brown, Inc.	3,176,074	$99,697	7.4%	$13.98	+0.8%	COM	115236101
GS	Goldman Sachs Group Inc	485,103	$85,989	6.4%	$120.06	+8.8%	COM	38141G104
YUM	YUM! Brands Inc	1,104,429	$83,506	6.2%	$38.97	+4.9%	COM	988498101
TOL	Toll Brothers Inc	2,092,528	$77,424	5.8%	$33.80	-1.9%	COM	889478103
—	Leucadia National Corporation	2,259,355	$64,030	4.8%	$26.22	—	COM	527288104
USB	US Bancorp	1,507,963	$60,922	4.5%	$22.41	+13.2%	COM	902973304
NVR	NVR Inc.	48,723	$49,990	3.7%	$993.91	-4.5%	COM	62944T105
EXPD	Expeditors International of Wa	1,074,945	$47,566	3.5%	$31.69	+17.5%	COM	302130109
MLM	Martin Marietta Materials	466,651	$46,637	3.5%	$93.00	-4.5%	COM	573284106
MA	Mastercard Inc Class A	55,214	$46,129	3.4%	$51.54	+34.0%	COM	57636Q104
—	Allied World Assurance Co Hldg	394,865	$44,545	3.3%	$93.83	—	COM	H01531104
DE	Deere & Co.	448,513	$40,963	3.1%	$66.10	+2.1%	COM	244199105
DVN	Devon Energy Corp	648,727	$40,137	3.0%	$38.57	+6.4%	COM	25179M103
FAST	Fastenal Co	759,350	$36,077	2.7%	$8.84	-1.0%	COM	311900104
CHRW	C.H. Robinson Worldwide Inc.	598,290	$34,910	2.6%	$42.76	+3.1%	COM	12541W209
BRK/B	Berkshire Hathaway Class B	285,266	$33,821	2.5%	$110.02	+5.1%	COM	084670702
UNP	Union Pacific Corporation	154,247	$25,914	1.9%	$57.06	+6.1%	COM	907818108
BRK/A	Berkshire Hathaway Class A	113	$20,103	1.5%	$165023.42	+5.1%	COM	084670108
V	Visa Inc Cl A	76,395	$17,012	1.3%	$40.02	+15.7%	COM	92826C839
WAT	Waters Corp	148,695	$14,869	1.1%	$95.76	+5.3%	COM	941848103
MCD	Mc Donald's Corporation	93,012	$9,025	0.7%	$71.80	-2.5%	COM	580135101
CWGL	Crimson Wine Group Ltd	224,081	$1,981	0.1%	$8.92	-1.4%	COM	22662X100