MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q4 2014 (← Previous) (Next →)

Filing Date: Feb 13, 2015

Total Value: $1.364B (100.0% shares, 0.0% debt)

Holdings (24)

WFC Wells Fargo & Company 10.8%

Value $148M Shares 2,700,374 Share Price $54.82 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 8.8%

Value $119M Shares 1,246,255 Share Price $95.81 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 8.3%

Value $114M Shares 1,926,066 Share Price $59.10 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 7.9%

Value $108M Shares 559,446 Share Price $193.83 Est. Cost/Share — Unrealized @ Report Date —

— Allied World Assurance Co Hldg 5.6%

Value $76.46M Shares 2,016,250 Share Price $37.92 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 5.5%

Value $74.43M Shares 1,021,715 Share Price $72.85 Est. Cost/Share — Unrealized @ Report Date —

TOL Toll Brothers Inc 5.1%

Value $69.04M Shares 2,014,471 Share Price $34.27 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 4.7%

Value $63.48M Shares 1,412,269 Share Price $44.95 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.2%

Value $57.15M Shares 663,311 Share Price $86.16 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc. 4.2%

Value $57.03M Shares 44,717 Share Price $1275.33 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 4.0%

Value $54.87M Shares 1,230,044 Share Price $44.61 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.0%

Value $54.37M Shares 207,352 Share Price $262.20 Est. Cost/Share — Unrealized @ Report Date —

BRO Brown & Brown, Inc. 3.8%

Value $52.15M Shares 1,584,747 Share Price $32.91 Est. Cost/Share — Unrealized @ Report Date —

— Leucadia National Corporation 3.7%

Value $50.6M Shares 2,257,065 Share Price $22.42 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 3.1%

Value $42.69M Shares 482,579 Share Price $88.47 Est. Cost/Share — Unrealized @ Report Date —

DVN Devon Energy Corp 2.9%

Value $38.96M Shares 636,445 Share Price $61.21 Est. Cost/Share — Unrealized @ Report Date —

MLM Martin Marietta Materials 2.6%

Value $35.72M Shares 323,757 Share Price $110.32 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 2.5%

Value $34.79M Shares 292,008 Share Price $119.13 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 2.5%

Value $33.91M Shares 713,032 Share Price $47.56 Est. Cost/Share — Unrealized @ Report Date —

— Strayer Education Inc 2.0%

Value $27.38M Shares 368,581 Share Price $74.28 Est. Cost/Share — Unrealized @ Report Date —

BRK/B Berkshire Hathaway Class B 1.8%

Value $24.5M Shares 163,195 Share Price $150.15 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.2%

Value $16.39M Shares 145,399 Share Price $112.72 Est. Cost/Share — Unrealized @ Report Date —

BRK/A Berkshire Hathaway Class A 0.6%

Value $8.814M Shares 39 Share Price $226000.00 Est. Cost/Share — Unrealized @ Report Date —

CWGL Crimson Wine Group Ltd 0.1%

Value $1.931M Shares 203,226 Share Price $9.50 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WFC	Wells Fargo & Company	2,700,374	$148M	10.8%	$54.82	—	—	COM	949746101
MCO	Moody's Corp.	1,246,255	$119M	8.8%	$95.81	—	—	COM	615369105
ACGL	Arch Capital Group Ltd	1,926,066	$114M	8.3%	$59.10	—	—	COM	G0450A105
GS	Goldman Sachs Group Inc	559,446	$108M	7.9%	$193.83	—	—	COM	38141G104
—	Allied World Assurance Co Hldg	2,016,250	$76.46M	5.6%	$37.92	—	—	COM	H01531104
YUM	YUM! Brands Inc	1,021,715	$74.43M	5.5%	$72.85	—	—	COM	988498101
TOL	Toll Brothers Inc	2,014,471	$69.04M	5.1%	$34.27	—	—	COM	889478103
USB	US Bancorp	1,412,269	$63.48M	4.7%	$44.95	—	—	COM	902973304
MA	Mastercard Inc Class A	663,311	$57.15M	4.2%	$86.16	—	—	COM	57636Q104
NVR	NVR Inc.	44,717	$57.03M	4.2%	$1275.33	—	—	COM	62944T105
EXPD	Expeditors International of Wa	1,230,044	$54.87M	4.0%	$44.61	—	—	COM	302130109
V	Visa Inc Cl A	207,352	$54.37M	4.0%	$262.20	—	—	COM	92826C839
BRO	Brown & Brown, Inc.	1,584,747	$52.15M	3.8%	$32.91	—	—	COM	115236101
—	Leucadia National Corporation	2,257,065	$50.6M	3.7%	$22.42	—	—	COM	527288104
DE	Deere & Co.	482,579	$42.69M	3.1%	$88.47	—	—	COM	244199105
DVN	Devon Energy Corp	636,445	$38.96M	2.9%	$61.21	—	—	COM	25179M103
MLM	Martin Marietta Materials	323,757	$35.72M	2.6%	$110.32	—	—	COM	573284106
UNP	Union Pacific Corporation	292,008	$34.79M	2.5%	$119.13	—	—	COM	907818108
FAST	Fastenal Co	713,032	$33.91M	2.5%	$47.56	—	—	COM	311900104
—	Strayer Education Inc	368,581	$27.38M	2.0%	$74.28	—	—	COM	863236105
BRK/B	Berkshire Hathaway Class B	163,195	$24.5M	1.8%	$150.15	—	—	COM	084670702
WAT	Waters Corp	145,399	$16.39M	1.2%	$112.72	—	—	COM	941848103
BRK/A	Berkshire Hathaway Class A	39	$8.814M	0.6%	$226000.00	—	—	COM	084670108
CWGL	Crimson Wine Group Ltd	203,226	$1.931M	0.1%	$9.50	—	—	COM	22662X100