MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q4 2013 (← Previous) (Next →)

Filing Date: Feb 14, 2014

Total Value: $1.341B (100.0% shares, 0.0% debt)

Holdings (25)

WFC Wells Fargo & Company 9.9%

Value $132M Shares 2,916,893 Share Price $45.40 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 9.2%

Value $124M Shares 2,072,719 Share Price $59.69 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 7.7%

Value $104M Shares 1,321,961 Share Price $78.47 Est. Cost/Share — Unrealized @ Report Date —

BRO Brown & Brown, Inc. 7.4%

Value $99.7M Shares 3,176,074 Share Price $31.39 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 6.4%

Value $85.99M Shares 485,103 Share Price $177.26 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 6.2%

Value $83.51M Shares 1,104,429 Share Price $75.61 Est. Cost/Share — Unrealized @ Report Date —

TOL Toll Brothers Inc 5.8%

Value $77.42M Shares 2,092,528 Share Price $37.00 Est. Cost/Share — Unrealized @ Report Date —

— Leucadia National Corporation 4.8%

Value $64.03M Shares 2,259,355 Share Price $28.34 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 4.5%

Value $60.92M Shares 1,507,963 Share Price $40.40 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc. 3.7%

Value $49.99M Shares 48,723 Share Price $1026.00 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 3.5%

Value $47.57M Shares 1,074,945 Share Price $44.25 Est. Cost/Share — Unrealized @ Report Date —

MLM Martin Marietta Materials 3.5%

Value $46.64M Shares 466,651 Share Price $99.94 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 3.4%

Value $46.13M Shares 55,214 Share Price $835.46 Est. Cost/Share — Unrealized @ Report Date —

— Allied World Assurance Co Hldg 3.3%

Value $44.55M Shares 394,865 Share Price $112.81 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 3.1%

Value $40.96M Shares 448,513 Share Price $91.33 Est. Cost/Share — Unrealized @ Report Date —

DVN Devon Energy Corp 3.0%

Value $40.14M Shares 648,727 Share Price $61.87 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 2.7%

Value $36.08M Shares 759,350 Share Price $47.51 Est. Cost/Share — Unrealized @ Report Date —

CHRW C.H. Robinson Worldwide Inc. 2.6%

Value $34.91M Shares 598,290 Share Price $58.35 Est. Cost/Share — Unrealized @ Report Date —

BRK/B Berkshire Hathaway Class B 2.5%

Value $33.82M Shares 285,266 Share Price $118.56 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 1.9%

Value $25.91M Shares 154,247 Share Price $168.00 Est. Cost/Share — Unrealized @ Report Date —

BRK/A Berkshire Hathaway Class A 1.5%

Value $20.1M Shares 113 Share Price $177902.65 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 1.3%

Value $17.01M Shares 76,395 Share Price $222.68 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.1%

Value $14.87M Shares 148,695 Share Price $100.00 Est. Cost/Share — Unrealized @ Report Date —

MCD Mc Donald's Corporation 0.7%

Value $9.025M Shares 93,012 Share Price $97.03 Est. Cost/Share — Unrealized @ Report Date —

CWGL Crimson Wine Group Ltd 0.1%

Value $1.981M Shares 224,081 Share Price $8.84 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WFC	Wells Fargo & Company	2,916,893	$132M	9.9%	$45.40	—	—	COM	949746101
ACGL	Arch Capital Group Ltd	2,072,719	$124M	9.2%	$59.69	—	—	COM	G0450A105
MCO	Moody's Corp.	1,321,961	$104M	7.7%	$78.47	—	—	COM	615369105
BRO	Brown & Brown, Inc.	3,176,074	$99.7M	7.4%	$31.39	—	—	COM	115236101
GS	Goldman Sachs Group Inc	485,103	$85.99M	6.4%	$177.26	—	—	COM	38141G104
YUM	YUM! Brands Inc	1,104,429	$83.51M	6.2%	$75.61	—	—	COM	988498101
TOL	Toll Brothers Inc	2,092,528	$77.42M	5.8%	$37.00	—	—	COM	889478103
—	Leucadia National Corporation	2,259,355	$64.03M	4.8%	$28.34	—	—	COM	527288104
USB	US Bancorp	1,507,963	$60.92M	4.5%	$40.40	—	—	COM	902973304
NVR	NVR Inc.	48,723	$49.99M	3.7%	$1026.00	—	—	COM	62944T105
EXPD	Expeditors International of Wa	1,074,945	$47.57M	3.5%	$44.25	—	—	COM	302130109
MLM	Martin Marietta Materials	466,651	$46.64M	3.5%	$99.94	—	—	COM	573284106
MA	Mastercard Inc Class A	55,214	$46.13M	3.4%	$835.46	—	—	COM	57636Q104
—	Allied World Assurance Co Hldg	394,865	$44.55M	3.3%	$112.81	—	—	COM	H01531104
DE	Deere & Co.	448,513	$40.96M	3.1%	$91.33	—	—	COM	244199105
DVN	Devon Energy Corp	648,727	$40.14M	3.0%	$61.87	—	—	COM	25179M103
FAST	Fastenal Co	759,350	$36.08M	2.7%	$47.51	—	—	COM	311900104
CHRW	C.H. Robinson Worldwide Inc.	598,290	$34.91M	2.6%	$58.35	—	—	COM	12541W209
BRK/B	Berkshire Hathaway Class B	285,266	$33.82M	2.5%	$118.56	—	—	COM	084670702
UNP	Union Pacific Corporation	154,247	$25.91M	1.9%	$168.00	—	—	COM	907818108
BRK/A	Berkshire Hathaway Class A	113	$20.1M	1.5%	$177902.65	—	—	COM	084670108
V	Visa Inc Cl A	76,395	$17.01M	1.3%	$222.68	—	—	COM	92826C839
WAT	Waters Corp	148,695	$14.87M	1.1%	$100.00	—	—	COM	941848103
MCD	Mc Donald's Corporation	93,012	$9.025M	0.7%	$97.03	—	—	COM	580135101
CWGL	Crimson Wine Group Ltd	224,081	$1.981M	0.1%	$8.84	—	—	COM	22662X100