MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q1 2015 (← Previous) (Next →)

Filing Date: May 15, 2015

Total Value ($000): $1,327,573 (100.0% shares, 0.0% debt)

Holdings (23)

WFC Wells Fargo & Company 10.8%

Value ($000) $143,480 Shares 2,637,499 Est. Cost $37.41 Unrealized +6.5%

MCO Moody's Corp. 9.6%

Value ($000) $128,039 Shares 1,233,518 Est. Cost $81.56 Unrealized +6.1%

ACGL Arch Capital Group Ltd 8.7%

Value ($000) $115,617 Shares 1,876,905 Est. Cost $16.55 Unrealized +15.0%

GS Goldman Sachs Group Inc 7.8%

Value ($000) $103,583 Shares 551,063 Est. Cost $121.64 Unrealized +23.1%

— Allied World Assurance Co Hldg 6.0%

Value ($000) $80,008 Shares 1,980,395 Est. Cost $57.15 Unrealized —

YUM YUM! Brands Inc 6.0%

Value ($000) $79,554 Shares 1,010,601 Est. Cost $42.91 Unrealized +3.8%

TOL Toll Brothers Inc 5.9%

Value ($000) $77,776 Shares 1,977,021 Est. Cost $34.26 Unrealized +6.7%

USB US Bancorp 4.5%

Value ($000) $60,186 Shares 1,378,199 Est. Cost $28.42 Unrealized +4.8%

EXPD Expeditors International of Wa 4.4%

Value ($000) $58,382 Shares 1,211,743 Est. Cost $36.76 Unrealized +8.8%

NVR NVR Inc. 4.4%

Value ($000) $58,077 Shares 43,711 Est. Cost $993.91 Unrealized +31.6%

MA Mastercard Inc Class A 4.4%

Value ($000) $58,043 Shares 671,875 Est. Cost $70.81 Unrealized +14.7%

V Visa Inc Cl A 4.0%

Value ($000) $53,123 Shares 812,148 Est. Cost $57.55 Unrealized +6.5%

— Leucadia National Corporation 3.7%

Value ($000) $49,388 Shares 2,215,698 Est. Cost $23.75 Unrealized —

FAST Fastenal Co 3.6%

Value ($000) $47,602 Shares 1,148,845 Est. Cost $8.33 Unrealized -2.8%

DE Deere & Co. 3.1%

Value ($000) $41,515 Shares 473,427 Est. Cost $69.38 Unrealized +5.2%

MLM Martin Marietta Materials 2.9%

Value ($000) $38,218 Shares 273,376 Est. Cost $117.60 Unrealized +0.3%

BRO Brown & Brown, Inc. 2.5%

Value ($000) $33,725 Shares 1,018,577 Est. Cost $14.20 Unrealized +2.7%

UNP Union Pacific Corporation 2.3%

Value ($000) $30,733 Shares 283,752 Est. Cost $80.32 Unrealized +14.4%

BRK/B Berkshire Hathaway Class B 1.7%

Value ($000) $22,938 Shares 158,940 Est. Cost $110.02 Unrealized +33.7%

— Strayer Education Inc 1.5%

Value ($000) $19,492 Shares 364,946 Est. Cost $67.46 Unrealized —

WAT Waters Corp 1.4%

Value ($000) $18,021 Shares 144,958 Est. Cost $103.09 Unrealized +15.7%

BRK/A Berkshire Hathaway Class A 0.6%

Value ($000) $8,265 Shares 38 Est. Cost $165023.42 Unrealized +33.9%

CWGL Crimson Wine Group Ltd 0.1%

Value ($000) $1,808 Shares 198,713 Est. Cost $8.92 Unrealized +2.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WFC	Wells Fargo & Company	2,637,499	$143,480	10.8%	$37.41	+6.5%	COM	949746101
MCO	Moody's Corp.	1,233,518	$128,039	9.6%	$81.56	+6.1%	COM	615369105
ACGL	Arch Capital Group Ltd	1,876,905	$115,617	8.7%	$16.55	+15.0%	COM	G0450A105
GS	Goldman Sachs Group Inc	551,063	$103,583	7.8%	$121.64	+23.1%	COM	38141G104
—	Allied World Assurance Co Hldg	1,980,395	$80,008	6.0%	$57.15	—	COM	H01531104
YUM	YUM! Brands Inc	1,010,601	$79,554	6.0%	$42.91	+3.8%	COM	988498101
TOL	Toll Brothers Inc	1,977,021	$77,776	5.9%	$34.26	+6.7%	COM	889478103
USB	US Bancorp	1,378,199	$60,186	4.5%	$28.42	+4.8%	COM	902973304
EXPD	Expeditors International of Wa	1,211,743	$58,382	4.4%	$36.76	+8.8%	COM	302130109
NVR	NVR Inc.	43,711	$58,077	4.4%	$993.91	+31.6%	COM	62944T105
MA	Mastercard Inc Class A	671,875	$58,043	4.4%	$70.81	+14.7%	COM	57636Q104
V	Visa Inc Cl A	812,148	$53,123	4.0%	$57.55	+6.5%	COM	92826C839
—	Leucadia National Corporation	2,215,698	$49,388	3.7%	$23.75	—	COM	527288104
FAST	Fastenal Co	1,148,845	$47,602	3.6%	$8.33	-2.8%	COM	311900104
DE	Deere & Co.	473,427	$41,515	3.1%	$69.38	+5.2%	COM	244199105
MLM	Martin Marietta Materials	273,376	$38,218	2.9%	$117.60	+0.3%	COM	573284106
BRO	Brown & Brown, Inc.	1,018,577	$33,725	2.5%	$14.20	+2.7%	COM	115236101
UNP	Union Pacific Corporation	283,752	$30,733	2.3%	$80.32	+14.4%	COM	907818108
BRK/B	Berkshire Hathaway Class B	158,940	$22,938	1.7%	$110.02	+33.7%	COM	084670702
—	Strayer Education Inc	364,946	$19,492	1.5%	$67.46	—	COM	863236105
WAT	Waters Corp	144,958	$18,021	1.4%	$103.09	+15.7%	COM	941848103
BRK/A	Berkshire Hathaway Class A	38	$8,265	0.6%	$165023.42	+33.9%	COM	084670108
CWGL	Crimson Wine Group Ltd	198,713	$1,808	0.1%	$8.92	+2.0%	COM	22662X100