MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q1 2015 (← Previous) (Next →)

Filing Date: May 15, 2015

Total Value: $1.328B (100.0% shares, 0.0% debt)

Holdings (23)

WFC Wells Fargo & Company 10.8%

Value $143M Shares 2,637,499 Share Price $54.40 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 9.6%

Value $128M Shares 1,233,518 Share Price $103.80 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 8.7%

Value $116M Shares 1,876,905 Share Price $61.60 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 7.8%

Value $104M Shares 551,063 Share Price $187.97 Est. Cost/Share — Unrealized @ Report Date —

— Allied World Assurance Co Hldg 6.0%

Value $80.01M Shares 1,980,395 Share Price $40.40 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 6.0%

Value $79.55M Shares 1,010,601 Share Price $78.72 Est. Cost/Share — Unrealized @ Report Date —

TOL Toll Brothers Inc 5.9%

Value $77.78M Shares 1,977,021 Share Price $39.34 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 4.5%

Value $60.19M Shares 1,378,199 Share Price $43.67 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 4.4%

Value $58.38M Shares 1,211,743 Share Price $48.18 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc. 4.4%

Value $58.08M Shares 43,711 Share Price $1328.66 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.4%

Value $58.04M Shares 671,875 Share Price $86.39 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.0%

Value $53.12M Shares 812,148 Share Price $65.41 Est. Cost/Share — Unrealized @ Report Date —

— Leucadia National Corporation 3.7%

Value $49.39M Shares 2,215,698 Share Price $22.29 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 3.6%

Value $47.6M Shares 1,148,845 Share Price $41.43 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 3.1%

Value $41.52M Shares 473,427 Share Price $87.69 Est. Cost/Share — Unrealized @ Report Date —

MLM Martin Marietta Materials 2.9%

Value $38.22M Shares 273,376 Share Price $139.80 Est. Cost/Share — Unrealized @ Report Date —

BRO Brown & Brown, Inc. 2.5%

Value $33.73M Shares 1,018,577 Share Price $33.11 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 2.3%

Value $30.73M Shares 283,752 Share Price $108.31 Est. Cost/Share — Unrealized @ Report Date —

BRK/B Berkshire Hathaway Class B 1.7%

Value $22.94M Shares 158,940 Share Price $144.32 Est. Cost/Share — Unrealized @ Report Date —

— Strayer Education Inc 1.5%

Value $19.49M Shares 364,946 Share Price $53.41 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.4%

Value $18.02M Shares 144,958 Share Price $124.32 Est. Cost/Share — Unrealized @ Report Date —

BRK/A Berkshire Hathaway Class A 0.6%

Value $8.265M Shares 38 Share Price $217500.00 Est. Cost/Share — Unrealized @ Report Date —

CWGL Crimson Wine Group Ltd 0.1%

Value $1.808M Shares 198,713 Share Price $9.10 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
WFC	Wells Fargo & Company	2,637,499	$143M	10.8%	$54.40	—	—	COM	949746101
MCO	Moody's Corp.	1,233,518	$128M	9.6%	$103.80	—	—	COM	615369105
ACGL	Arch Capital Group Ltd	1,876,905	$116M	8.7%	$61.60	—	—	COM	G0450A105
GS	Goldman Sachs Group Inc	551,063	$104M	7.8%	$187.97	—	—	COM	38141G104
—	Allied World Assurance Co Hldg	1,980,395	$80.01M	6.0%	$40.40	—	—	COM	H01531104
YUM	YUM! Brands Inc	1,010,601	$79.55M	6.0%	$78.72	—	—	COM	988498101
TOL	Toll Brothers Inc	1,977,021	$77.78M	5.9%	$39.34	—	—	COM	889478103
USB	US Bancorp	1,378,199	$60.19M	4.5%	$43.67	—	—	COM	902973304
EXPD	Expeditors International of Wa	1,211,743	$58.38M	4.4%	$48.18	—	—	COM	302130109
NVR	NVR Inc.	43,711	$58.08M	4.4%	$1328.66	—	—	COM	62944T105
MA	Mastercard Inc Class A	671,875	$58.04M	4.4%	$86.39	—	—	COM	57636Q104
V	Visa Inc Cl A	812,148	$53.12M	4.0%	$65.41	—	—	COM	92826C839
—	Leucadia National Corporation	2,215,698	$49.39M	3.7%	$22.29	—	—	COM	527288104
FAST	Fastenal Co	1,148,845	$47.6M	3.6%	$41.43	—	—	COM	311900104
DE	Deere & Co.	473,427	$41.52M	3.1%	$87.69	—	—	COM	244199105
MLM	Martin Marietta Materials	273,376	$38.22M	2.9%	$139.80	—	—	COM	573284106
BRO	Brown & Brown, Inc.	1,018,577	$33.73M	2.5%	$33.11	—	—	COM	115236101
UNP	Union Pacific Corporation	283,752	$30.73M	2.3%	$108.31	—	—	COM	907818108
BRK/B	Berkshire Hathaway Class B	158,940	$22.94M	1.7%	$144.32	—	—	COM	084670702
—	Strayer Education Inc	364,946	$19.49M	1.5%	$53.41	—	—	COM	863236105
WAT	Waters Corp	144,958	$18.02M	1.4%	$124.32	—	—	COM	941848103
BRK/A	Berkshire Hathaway Class A	38	$8.265M	0.6%	$217500.00	—	—	COM	084670108
CWGL	Crimson Wine Group Ltd	198,713	$1.808M	0.1%	$9.10	—	—	COM	22662X100