MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q3 2015 (← Previous) (Next →)

Filing Date: Nov 13, 2015

Total Value ($000): $1,296,854 (100.0% shares, 0.0% debt)

Holdings (23)

ACGL Arch Capital Group Ltd 10.1%

Value ($000) $130,922 Shares 1,781,979 Est. Cost $16.55 Unrealized +34.6%

MCO Moody's Corp. 9.0%

Value ($000) $116,164 Shares 1,182,938 Est. Cost $81.56 Unrealized +17.6%

WFC Wells Fargo & Company 7.6%

Value ($000) $98,687 Shares 1,921,851 Est. Cost $37.41 Unrealized +9.8%

GS Goldman Sachs Group Inc 7.2%

Value ($000) $92,910 Shares 534,705 Est. Cost $121.64 Unrealized +30.6%

NVR NVR Inc. 6.0%

Value ($000) $78,046 Shares 51,170 Est. Cost $1051.58 Unrealized +42.0%

— Allied World Assurance Co Hldg 5.9%

Value ($000) $75,895 Shares 1,988,332 Est. Cost $56.75 Unrealized —

YUM YUM! Brands Inc 5.7%

Value ($000) $74,027 Shares 925,921 Est. Cost $42.91 Unrealized +16.2%

FAST Fastenal Co 5.4%

Value ($000) $69,865 Shares 1,908,365 Est. Cost $8.01 Unrealized -6.0%

DE Deere & Co. 5.0%

Value ($000) $65,229 Shares 881,471 Est. Cost $71.21 Unrealized +3.0%

TOL Toll Brothers Inc 5.0%

Value ($000) $65,019 Shares 1,898,933 Est. Cost $34.26 Unrealized +10.5%

MA Mastercard Inc Class A 4.5%

Value ($000) $58,018 Shares 643,789 Est. Cost $70.81 Unrealized +24.7%

EXPD Expeditors International of Washington Inc 4.2%

Value ($000) $54,552 Shares 1,159,438 Est. Cost $36.76 Unrealized +12.5%

USB US Bancorp 4.2%

Value ($000) $54,376 Shares 1,325,927 Est. Cost $28.42 Unrealized +4.9%

V Visa Inc Cl A 4.2%

Value ($000) $54,131 Shares 777,075 Est. Cost $57.55 Unrealized +15.3%

— Leucadia National Corporation 3.3%

Value ($000) $42,955 Shares 2,120,192 Est. Cost $23.75 Unrealized —

CMI Cummins Inc 3.2%

Value ($000) $41,477 Shares 381,998 Est. Cost $92.93 Unrealized 0.0%

ROST Ross Stores Inc 2.1%

Value ($000) $27,683 Shares 571,135 Est. Cost $46.11 Unrealized 0.0%

— Strayer Education Inc 2.1%

Value ($000) $27,539 Shares 500,974 Est. Cost $60.78 Unrealized —

UNP Union Pacific Corporation 1.8%

Value ($000) $23,934 Shares 270,715 Est. Cost $80.32 Unrealized -10.1%

BRK/B Berkshire Hathaway Class B 1.5%

Value ($000) $19,898 Shares 152,595 Est. Cost $110.02 Unrealized +24.5%

WAT Waters Corp 1.3%

Value ($000) $16,787 Shares 142,010 Est. Cost $103.09 Unrealized +22.7%

BRK/A Berkshire Hathaway Class A 0.5%

Value ($000) $7,029 Shares 36 Est. Cost $165023.42 Unrealized +24.8%

CWGL Crimson Wine Group Ltd 0.1%

Value ($000) $1,711 Shares 189,080 Est. Cost $8.92 Unrealized +2.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACGL	Arch Capital Group Ltd	1,781,979	$130,922	10.1%	$16.55	+34.6%	COM	G0450A105
MCO	Moody's Corp.	1,182,938	$116,164	9.0%	$81.56	+17.6%	COM	615369105
WFC	Wells Fargo & Company	1,921,851	$98,687	7.6%	$37.41	+9.8%	COM	949746101
GS	Goldman Sachs Group Inc	534,705	$92,910	7.2%	$121.64	+30.6%	COM	38141G104
NVR	NVR Inc.	51,170	$78,046	6.0%	$1051.58	+42.0%	COM	62944T105
—	Allied World Assurance Co Hldg	1,988,332	$75,895	5.9%	$56.75	—	COM	H01531104
YUM	YUM! Brands Inc	925,921	$74,027	5.7%	$42.91	+16.2%	COM	988498101
FAST	Fastenal Co	1,908,365	$69,865	5.4%	$8.01	-6.0%	COM	311900104
DE	Deere & Co.	881,471	$65,229	5.0%	$71.21	+3.0%	COM	244199105
TOL	Toll Brothers Inc	1,898,933	$65,019	5.0%	$34.26	+10.5%	COM	889478103
MA	Mastercard Inc Class A	643,789	$58,018	4.5%	$70.81	+24.7%	COM	57636Q104
EXPD	Expeditors International of Washington Inc	1,159,438	$54,552	4.2%	$36.76	+12.5%	COM	302130109
USB	US Bancorp	1,325,927	$54,376	4.2%	$28.42	+4.9%	COM	902973304
V	Visa Inc Cl A	777,075	$54,131	4.2%	$57.55	+15.3%	COM	92826C839
—	Leucadia National Corporation	2,120,192	$42,955	3.3%	$23.75	—	COM	527288104
CMI	Cummins Inc	381,998	$41,477	3.2%	$92.93	0.0%	COM	231021106
ROST	Ross Stores Inc	571,135	$27,683	2.1%	$46.11	0.0%	COM	778296103
—	Strayer Education Inc	500,974	$27,539	2.1%	$60.78	—	COM	863236105
UNP	Union Pacific Corporation	270,715	$23,934	1.8%	$80.32	-10.1%	COM	907818108
BRK/B	Berkshire Hathaway Class B	152,595	$19,898	1.5%	$110.02	+24.5%	COM	084670702
WAT	Waters Corp	142,010	$16,787	1.3%	$103.09	+22.7%	COM	941848103
BRK/A	Berkshire Hathaway Class A	36	$7,029	0.5%	$165023.42	+24.8%	COM	084670108
CWGL	Crimson Wine Group Ltd	189,080	$1,711	0.1%	$8.92	+2.6%	COM	22662X100