MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q3 2015 (← Previous) (Next →)

Filing Date: Nov 13, 2015

Total Value: $1.297B (100.0% shares, 0.0% debt)

Holdings (23)

ACGL Arch Capital Group Ltd 10.1%

Value $131M Shares 1,781,979 Share Price $73.47 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 9.0%

Value $116M Shares 1,182,938 Share Price $98.20 Est. Cost/Share — Unrealized @ Report Date —

WFC Wells Fargo & Company 7.6%

Value $98.69M Shares 1,921,851 Share Price $51.35 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 7.2%

Value $92.91M Shares 534,705 Share Price $173.76 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc. 6.0%

Value $78.05M Shares 51,170 Share Price $1525.23 Est. Cost/Share — Unrealized @ Report Date —

— Allied World Assurance Co Hldg 5.9%

Value $75.89M Shares 1,988,332 Share Price $38.17 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 5.7%

Value $74.03M Shares 925,921 Share Price $79.95 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 5.4%

Value $69.86M Shares 1,908,365 Share Price $36.61 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 5.0%

Value $65.23M Shares 881,471 Share Price $74.00 Est. Cost/Share — Unrealized @ Report Date —

TOL Toll Brothers Inc 5.0%

Value $65.02M Shares 1,898,933 Share Price $34.24 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.5%

Value $58.02M Shares 643,789 Share Price $90.12 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington Inc 4.2%

Value $54.55M Shares 1,159,438 Share Price $47.05 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 4.2%

Value $54.38M Shares 1,325,927 Share Price $41.01 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.2%

Value $54.13M Shares 777,075 Share Price $69.66 Est. Cost/Share — Unrealized @ Report Date —

— Leucadia National Corporation 3.3%

Value $42.95M Shares 2,120,192 Share Price $20.26 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 3.2%

Value $41.48M Shares 381,998 Share Price $108.58 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 2.1%

Value $27.68M Shares 571,135 Share Price $48.47 Est. Cost/Share — Unrealized @ Report Date —

— Strayer Education Inc 2.1%

Value $27.54M Shares 500,974 Share Price $54.97 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 1.8%

Value $23.93M Shares 270,715 Share Price $88.41 Est. Cost/Share — Unrealized @ Report Date —

BRK/B Berkshire Hathaway Class B 1.5%

Value $19.9M Shares 152,595 Share Price $130.40 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.3%

Value $16.79M Shares 142,010 Share Price $118.21 Est. Cost/Share — Unrealized @ Report Date —

BRK/A Berkshire Hathaway Class A 0.5%

Value $7.029M Shares 36 Share Price $195250.00 Est. Cost/Share — Unrealized @ Report Date —

CWGL Crimson Wine Group Ltd 0.1%

Value $1.711M Shares 189,080 Share Price $9.05 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ACGL	Arch Capital Group Ltd	1,781,979	$131M	10.1%	$73.47	—	—	COM	G0450A105
MCO	Moody's Corp.	1,182,938	$116M	9.0%	$98.20	—	—	COM	615369105
WFC	Wells Fargo & Company	1,921,851	$98.69M	7.6%	$51.35	—	—	COM	949746101
GS	Goldman Sachs Group Inc	534,705	$92.91M	7.2%	$173.76	—	—	COM	38141G104
NVR	NVR Inc.	51,170	$78.05M	6.0%	$1525.23	—	—	COM	62944T105
—	Allied World Assurance Co Hldg	1,988,332	$75.89M	5.9%	$38.17	—	—	COM	H01531104
YUM	YUM! Brands Inc	925,921	$74.03M	5.7%	$79.95	—	—	COM	988498101
FAST	Fastenal Co	1,908,365	$69.86M	5.4%	$36.61	—	—	COM	311900104
DE	Deere & Co.	881,471	$65.23M	5.0%	$74.00	—	—	COM	244199105
TOL	Toll Brothers Inc	1,898,933	$65.02M	5.0%	$34.24	—	—	COM	889478103
MA	Mastercard Inc Class A	643,789	$58.02M	4.5%	$90.12	—	—	COM	57636Q104
EXPD	Expeditors International of Washington Inc	1,159,438	$54.55M	4.2%	$47.05	—	—	COM	302130109
USB	US Bancorp	1,325,927	$54.38M	4.2%	$41.01	—	—	COM	902973304
V	Visa Inc Cl A	777,075	$54.13M	4.2%	$69.66	—	—	COM	92826C839
—	Leucadia National Corporation	2,120,192	$42.95M	3.3%	$20.26	—	—	COM	527288104
CMI	Cummins Inc	381,998	$41.48M	3.2%	$108.58	—	—	COM	231021106
ROST	Ross Stores Inc	571,135	$27.68M	2.1%	$48.47	—	—	COM	778296103
—	Strayer Education Inc	500,974	$27.54M	2.1%	$54.97	—	—	COM	863236105
UNP	Union Pacific Corporation	270,715	$23.93M	1.8%	$88.41	—	—	COM	907818108
BRK/B	Berkshire Hathaway Class B	152,595	$19.9M	1.5%	$130.40	—	—	COM	084670702
WAT	Waters Corp	142,010	$16.79M	1.3%	$118.21	—	—	COM	941848103
BRK/A	Berkshire Hathaway Class A	36	$7.029M	0.5%	$195250.00	—	—	COM	084670108
CWGL	Crimson Wine Group Ltd	189,080	$1.711M	0.1%	$9.05	—	—	COM	22662X100