MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q4 2014 (← Previous) (Next →)

Filing Date: Feb 13, 2015

Total Value ($000): $1,364,371 (100.0% shares, 0.0% debt)

Holdings (24)

WFC Wells Fargo & Company 10.8%

Value ($000) $148,034 Shares 2,700,374 Est. Cost $37.41 Unrealized +3.6%

MCO Moody's Corp. 8.8%

Value ($000) $119,404 Shares 1,246,255 Est. Cost $81.56 Unrealized +6.1%

ACGL Arch Capital Group Ltd 8.3%

Value ($000) $113,831 Shares 1,926,066 Est. Cost $16.55 Unrealized +9.0%

GS Goldman Sachs Group Inc 7.9%

Value ($000) $108,437 Shares 559,446 Est. Cost $121.64 Unrealized +24.0%

— Allied World Assurance Co Hldg 5.6%

Value ($000) $76,456 Shares 2,016,250 Est. Cost $57.15 Unrealized —

YUM YUM! Brands Inc 5.5%

Value ($000) $74,432 Shares 1,021,715 Est. Cost $42.91 Unrealized -1.6%

TOL Toll Brothers Inc 5.1%

Value ($000) $69,036 Shares 2,014,471 Est. Cost $34.26 Unrealized -4.8%

USB US Bancorp 4.7%

Value ($000) $63,481 Shares 1,412,269 Est. Cost $28.42 Unrealized +2.5%

MA Mastercard Inc Class A 4.2%

Value ($000) $57,151 Shares 663,311 Est. Cost $70.68 Unrealized +8.0%

NVR NVR Inc. 4.2%

Value ($000) $57,029 Shares 44,717 Est. Cost $993.91 Unrealized +22.0%

EXPD Expeditors International of Wa 4.0%

Value ($000) $54,872 Shares 1,230,044 Est. Cost $36.76 Unrealized +1.1%

V Visa Inc Cl A 4.0%

Value ($000) $54,368 Shares 207,352 Est. Cost $46.68 Unrealized +19.3%

BRO Brown & Brown, Inc. 3.8%

Value ($000) $52,154 Shares 1,584,747 Est. Cost $14.20 Unrealized +1.8%

— Leucadia National Corporation 3.7%

Value ($000) $50,603 Shares 2,257,065 Est. Cost $23.75 Unrealized —

DE Deere & Co. 3.1%

Value ($000) $42,694 Shares 482,579 Est. Cost $69.38 Unrealized +1.8%

DVN Devon Energy Corp 2.9%

Value ($000) $38,957 Shares 636,445 Est. Cost $38.57 Unrealized +6.6%

MLM Martin Marietta Materials 2.6%

Value ($000) $35,717 Shares 323,757 Est. Cost $117.60 Unrealized -8.0%

UNP Union Pacific Corporation 2.5%

Value ($000) $34,787 Shares 292,008 Est. Cost $80.32 Unrealized +11.4%

FAST Fastenal Co 2.5%

Value ($000) $33,912 Shares 713,032 Est. Cost $8.47 Unrealized -1.5%

— Strayer Education Inc 2.0%

Value ($000) $27,378 Shares 368,581 Est. Cost $67.46 Unrealized —

BRK/B Berkshire Hathaway Class B 1.8%

Value ($000) $24,504 Shares 163,195 Est. Cost $110.02 Unrealized +31.2%

WAT Waters Corp 1.2%

Value ($000) $16,389 Shares 145,399 Est. Cost $103.09 Unrealized +6.3%

BRK/A Berkshire Hathaway Class A 0.6%

Value ($000) $8,814 Shares 39 Est. Cost $165023.42 Unrealized +31.2%

CWGL Crimson Wine Group Ltd 0.1%

Value ($000) $1,931 Shares 203,226 Est. Cost $8.92 Unrealized +1.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WFC	Wells Fargo & Company	2,700,374	$148,034	10.8%	$37.41	+3.6%	COM	949746101
MCO	Moody's Corp.	1,246,255	$119,404	8.8%	$81.56	+6.1%	COM	615369105
ACGL	Arch Capital Group Ltd	1,926,066	$113,831	8.3%	$16.55	+9.0%	COM	G0450A105
GS	Goldman Sachs Group Inc	559,446	$108,437	7.9%	$121.64	+24.0%	COM	38141G104
—	Allied World Assurance Co Hldg	2,016,250	$76,456	5.6%	$57.15	—	COM	H01531104
YUM	YUM! Brands Inc	1,021,715	$74,432	5.5%	$42.91	-1.6%	COM	988498101
TOL	Toll Brothers Inc	2,014,471	$69,036	5.1%	$34.26	-4.8%	COM	889478103
USB	US Bancorp	1,412,269	$63,481	4.7%	$28.42	+2.5%	COM	902973304
MA	Mastercard Inc Class A	663,311	$57,151	4.2%	$70.68	+8.0%	COM	57636Q104
NVR	NVR Inc.	44,717	$57,029	4.2%	$993.91	+22.0%	COM	62944T105
EXPD	Expeditors International of Wa	1,230,044	$54,872	4.0%	$36.76	+1.1%	COM	302130109
V	Visa Inc Cl A	207,352	$54,368	4.0%	$46.68	+19.3%	COM	92826C839
BRO	Brown & Brown, Inc.	1,584,747	$52,154	3.8%	$14.20	+1.8%	COM	115236101
—	Leucadia National Corporation	2,257,065	$50,603	3.7%	$23.75	—	COM	527288104
DE	Deere & Co.	482,579	$42,694	3.1%	$69.38	+1.8%	COM	244199105
DVN	Devon Energy Corp	636,445	$38,957	2.9%	$38.57	+6.6%	COM	25179M103
MLM	Martin Marietta Materials	323,757	$35,717	2.6%	$117.60	-8.0%	COM	573284106
UNP	Union Pacific Corporation	292,008	$34,787	2.5%	$80.32	+11.4%	COM	907818108
FAST	Fastenal Co	713,032	$33,912	2.5%	$8.47	-1.5%	COM	311900104
—	Strayer Education Inc	368,581	$27,378	2.0%	$67.46	—	COM	863236105
BRK/B	Berkshire Hathaway Class B	163,195	$24,504	1.8%	$110.02	+31.2%	COM	084670702
WAT	Waters Corp	145,399	$16,389	1.2%	$103.09	+6.3%	COM	941848103
BRK/A	Berkshire Hathaway Class A	39	$8,814	0.6%	$165023.42	+31.2%	COM	084670108
CWGL	Crimson Wine Group Ltd	203,226	$1,931	0.1%	$8.92	+1.7%	COM	22662X100