MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: May 14, 2014

Total Value: $1.361B (100.0% shares, 0.0% debt)

Holdings (25)

WFC Wells Fargo & Company 10.5%

Value $143M Shares 2,871,110 Share Price $49.74 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 8.6%

Value $117M Shares 2,038,336 Share Price $57.54 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 7.6%

Value $103M Shares 1,301,995 Share Price $79.32 Est. Cost/Share — Unrealized @ Report Date —

BRO Brown & Brown, Inc. 7.1%

Value $95.99M Shares 3,120,742 Share Price $30.76 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 6.0%

Value $81.44M Shares 1,080,260 Share Price $75.39 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 5.8%

Value $78.3M Shares 477,854 Share Price $163.85 Est. Cost/Share — Unrealized @ Report Date —

TOL Toll Brothers Inc 5.5%

Value $74.24M Shares 2,068,091 Share Price $35.90 Est. Cost/Share — Unrealized @ Report Date —

— Allied World Assurance Co Hldg 5.0%

Value $67.91M Shares 658,111 Share Price $103.19 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 4.7%

Value $63.84M Shares 1,489,495 Share Price $42.86 Est. Cost/Share — Unrealized @ Report Date —

— Leucadia National Corporation 4.6%

Value $62.17M Shares 2,220,262 Share Price $28.00 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc. 4.0%

Value $54.48M Shares 47,502 Share Price $1147.00 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 3.6%

Value $48.5M Shares 1,223,805 Share Price $39.63 Est. Cost/Share — Unrealized @ Report Date —

MLM Martin Marietta Materials 3.5%

Value $48.24M Shares 375,851 Share Price $128.35 Est. Cost/Share — Unrealized @ Report Date —

DVN Devon Energy Corp 3.2%

Value $43.61M Shares 651,582 Share Price $66.93 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 3.2%

Value $43.04M Shares 473,987 Share Price $90.80 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 3.0%

Value $40.67M Shares 544,481 Share Price $74.70 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 2.7%

Value $36.68M Shares 744,101 Share Price $49.30 Est. Cost/Share — Unrealized @ Report Date —

BRK/B Berkshire Hathaway Class B 2.6%

Value $34.93M Shares 279,540 Share Price $124.97 Est. Cost/Share — Unrealized @ Report Date —

CHRW C.H. Robinson Worldwide Inc. 2.3%

Value $31.23M Shares 596,040 Share Price $52.39 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 2.1%

Value $28.56M Shares 152,181 Share Price $187.66 Est. Cost/Share — Unrealized @ Report Date —

BRK/A Berkshire Hathaway Class A 1.5%

Value $20.61M Shares 110 Share Price $187354.55 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.2%

Value $16.21M Shares 149,549 Share Price $108.41 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 1.2%

Value $16.03M Shares 74,281 Share Price $215.86 Est. Cost/Share — Unrealized @ Report Date —

MCD Mc Donald's Corporation 0.7%

Value $8.992M Shares 91,731 Share Price $98.03 Est. Cost/Share — Unrealized @ Report Date —

CWGL Crimson Wine Group Ltd 0.1%

Value $1.919M Shares 216,857 Share Price $8.85 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WFC	Wells Fargo & Company	2,871,110	$143M	10.5%	$49.74	—	—	COM	949746101
ACGL	Arch Capital Group Ltd	2,038,336	$117M	8.6%	$57.54	—	—	COM	G0450A105
MCO	Moody's Corp.	1,301,995	$103M	7.6%	$79.32	—	—	COM	615369105
BRO	Brown & Brown, Inc.	3,120,742	$95.99M	7.1%	$30.76	—	—	COM	115236101
YUM	YUM! Brands Inc	1,080,260	$81.44M	6.0%	$75.39	—	—	COM	988498101
GS	Goldman Sachs Group Inc	477,854	$78.3M	5.8%	$163.85	—	—	COM	38141G104
TOL	Toll Brothers Inc	2,068,091	$74.24M	5.5%	$35.90	—	—	COM	889478103
—	Allied World Assurance Co Hldg	658,111	$67.91M	5.0%	$103.19	—	—	COM	H01531104
USB	US Bancorp	1,489,495	$63.84M	4.7%	$42.86	—	—	COM	902973304
—	Leucadia National Corporation	2,220,262	$62.17M	4.6%	$28.00	—	—	COM	527288104
NVR	NVR Inc.	47,502	$54.48M	4.0%	$1147.00	—	—	COM	62944T105
EXPD	Expeditors International of Wa	1,223,805	$48.5M	3.6%	$39.63	—	—	COM	302130109
MLM	Martin Marietta Materials	375,851	$48.24M	3.5%	$128.35	—	—	COM	573284106
DVN	Devon Energy Corp	651,582	$43.61M	3.2%	$66.93	—	—	COM	25179M103
DE	Deere & Co.	473,987	$43.04M	3.2%	$90.80	—	—	COM	244199105
MA	Mastercard Inc Class A	544,481	$40.67M	3.0%	$74.70	—	—	COM	57636Q104
FAST	Fastenal Co	744,101	$36.68M	2.7%	$49.30	—	—	COM	311900104
BRK/B	Berkshire Hathaway Class B	279,540	$34.93M	2.6%	$124.97	—	—	COM	084670702
CHRW	C.H. Robinson Worldwide Inc.	596,040	$31.23M	2.3%	$52.39	—	—	COM	12541W209
UNP	Union Pacific Corporation	152,181	$28.56M	2.1%	$187.66	—	—	COM	907818108
BRK/A	Berkshire Hathaway Class A	110	$20.61M	1.5%	$187354.55	—	—	COM	084670108
WAT	Waters Corp	149,549	$16.21M	1.2%	$108.41	—	—	COM	941848103
V	Visa Inc Cl A	74,281	$16.03M	1.2%	$215.86	—	—	COM	92826C839
MCD	Mc Donald's Corporation	91,731	$8.992M	0.7%	$98.03	—	—	COM	580135101
CWGL	Crimson Wine Group Ltd	216,857	$1.919M	0.1%	$8.85	—	—	COM	22662X100