MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q3 2014 (← Previous) (Next →)

Filing Date: Nov 14, 2014

Total Value ($000): $1,293,599 (100.0% shares, 0.0% debt)

Holdings (24)

WFC Wells Fargo & Company 11.1%

Value ($000) $143,783 Shares 2,771,986 Est. Cost $37.41 Unrealized 0.0%

MCO Moody's Corp. 9.2%

Value ($000) $118,792 Shares 1,257,053 Est. Cost $81.56 Unrealized 0.0%

ACGL Arch Capital Group Ltd 8.4%

Value ($000) $108,048 Shares 1,974,553 Est. Cost $16.55 Unrealized +6.0%

GS Goldman Sachs Group Inc 8.1%

Value ($000) $105,092 Shares 572,492 Est. Cost $121.64 Unrealized +15.6%

— Allied World Assurance Co Hldg 5.8%

Value ($000) $75,334 Shares 2,044,898 Est. Cost $57.15 Unrealized —

YUM YUM! Brands Inc 5.8%

Value ($000) $75,290 Shares 1,045,986 Est. Cost $42.91 Unrealized 0.0%

TOL Toll Brothers Inc 4.8%

Value ($000) $62,388 Shares 2,002,168 Est. Cost $34.26 Unrealized 0.0%

USB US Bancorp 4.7%

Value ($000) $60,478 Shares 1,445,810 Est. Cost $28.42 Unrealized 0.0%

BRO Brown & Brown, Inc. 4.1%

Value ($000) $52,539 Shares 1,634,179 Est. Cost $14.20 Unrealized 0.0%

NVR NVR Inc. 4.0%

Value ($000) $51,794 Shares 45,835 Est. Cost $993.91 Unrealized +15.2%

— Leucadia National Corporation 3.9%

Value ($000) $50,545 Shares 2,120,191 Est. Cost $23.84 Unrealized —

MA Mastercard Inc Class A 3.9%

Value ($000) $50,144 Shares 678,349 Est. Cost $70.68 Unrealized +0.6%

EXPD Expeditors International of Wa 3.8%

Value ($000) $48,871 Shares 1,204,311 Est. Cost $36.75 Unrealized 0.0%

DVN Devon Energy Corp 3.3%

Value ($000) $43,196 Shares 633,558 Est. Cost $38.57 Unrealized +30.4%

MLM Martin Marietta Materials 3.3%

Value ($000) $42,681 Shares 331,015 Est. Cost $117.60 Unrealized 0.0%

V Visa Inc Cl A 3.2%

Value ($000) $40,824 Shares 191,331 Est. Cost $45.93 Unrealized +8.0%

DE Deere & Co. 3.1%

Value ($000) $40,368 Shares 492,347 Est. Cost $69.38 Unrealized 0.0%

FAST Fastenal Co 2.5%

Value ($000) $32,719 Shares 728,700 Est. Cost $8.47 Unrealized 0.0%

UNP Union Pacific Corporation 2.5%

Value ($000) $32,325 Shares 298,149 Est. Cost $80.32 Unrealized 0.0%

BRK/B Berkshire Hathaway Class B 1.8%

Value ($000) $23,310 Shares 168,741 Est. Cost $110.02 Unrealized +21.1%

WAT Waters Corp 1.1%

Value ($000) $14,651 Shares 147,809 Est. Cost $103.09 Unrealized 0.0%

— Strayer Education Inc 0.8%

Value ($000) $10,444 Shares 174,420 Est. Cost $59.88 Unrealized —

BRK/A Berkshire Hathaway Class A 0.6%

Value ($000) $8,069 Shares 39 Est. Cost $165023.42 Unrealized +21.1%

CWGL Crimson Wine Group Ltd 0.1%

Value ($000) $1,914 Shares 208,716 Est. Cost $8.92 Unrealized +4.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WFC	Wells Fargo & Company	2,771,986	$143,783	11.1%	$37.41	0.0%	COM	949746101
MCO	Moody's Corp.	1,257,053	$118,792	9.2%	$81.56	0.0%	COM	615369105
ACGL	Arch Capital Group Ltd	1,974,553	$108,048	8.4%	$16.55	+6.0%	COM	G0450A105
GS	Goldman Sachs Group Inc	572,492	$105,092	8.1%	$121.64	+15.6%	COM	38141G104
—	Allied World Assurance Co Hldg	2,044,898	$75,334	5.8%	$57.15	—	COM	H01531104
YUM	YUM! Brands Inc	1,045,986	$75,290	5.8%	$42.91	0.0%	COM	988498101
TOL	Toll Brothers Inc	2,002,168	$62,388	4.8%	$34.26	0.0%	COM	889478103
USB	US Bancorp	1,445,810	$60,478	4.7%	$28.42	0.0%	COM	902973304
BRO	Brown & Brown, Inc.	1,634,179	$52,539	4.1%	$14.20	0.0%	COM	115236101
NVR	NVR Inc.	45,835	$51,794	4.0%	$993.91	+15.2%	COM	62944T105
—	Leucadia National Corporation	2,120,191	$50,545	3.9%	$23.84	—	COM	527288104
MA	Mastercard Inc Class A	678,349	$50,144	3.9%	$70.68	+0.6%	COM	57636Q104
EXPD	Expeditors International of Wa	1,204,311	$48,871	3.8%	$36.75	0.0%	COM	302130109
DVN	Devon Energy Corp	633,558	$43,196	3.3%	$38.57	+30.4%	COM	25179M103
MLM	Martin Marietta Materials	331,015	$42,681	3.3%	$117.60	0.0%	COM	573284106
V	Visa Inc Cl A	191,331	$40,824	3.2%	$45.93	+8.0%	COM	92826C839
DE	Deere & Co.	492,347	$40,368	3.1%	$69.38	0.0%	COM	244199105
FAST	Fastenal Co	728,700	$32,719	2.5%	$8.47	0.0%	COM	311900104
UNP	Union Pacific Corporation	298,149	$32,325	2.5%	$80.32	0.0%	COM	907818108
BRK/B	Berkshire Hathaway Class B	168,741	$23,310	1.8%	$110.02	+21.1%	COM	084670702
WAT	Waters Corp	147,809	$14,651	1.1%	$103.09	0.0%	COM	941848103
—	Strayer Education Inc	174,420	$10,444	0.8%	$59.88	—	COM	863236105
BRK/A	Berkshire Hathaway Class A	39	$8,069	0.6%	$165023.42	+21.1%	COM	084670108
CWGL	Crimson Wine Group Ltd	208,716	$1,914	0.1%	$8.92	+4.6%	COM	22662X100