MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q4 2015 (← Previous) (Next →)

Filing Date: Feb 16, 2016

Total Value ($000): $1,360,039 (100.0% shares, 0.0% debt)

Holdings (23)

MCO Moody's Corp. 9.1%

Value ($000) $123,208 Shares 1,227,901 Est. Cost $81.90 Unrealized +10.6%

ACGL Arch Capital Group Ltd 9.0%

Value ($000) $122,765 Shares 1,760,066 Est. Cost $16.55 Unrealized +41.2%

WFC Wells Fargo & Company 7.6%

Value ($000) $103,218 Shares 1,898,783 Est. Cost $37.41 Unrealized +9.2%

GS Goldman Sachs Group Inc 7.1%

Value ($000) $96,310 Shares 534,372 Est. Cost $121.64 Unrealized +24.3%

NVR NVR Inc. 6.1%

Value ($000) $83,041 Shares 50,542 Est. Cost $1051.58 Unrealized +55.6%

FAST Fastenal Co 5.7%

Value ($000) $78,179 Shares 1,915,219 Est. Cost $8.01 Unrealized -5.9%

YUM YUM! Brands Inc 5.6%

Value ($000) $75,916 Shares 1,039,239 Est. Cost $42.96 Unrealized +0.8%

— Allied World Assurance Co Hldg 5.5%

Value ($000) $74,365 Shares 1,999,599 Est. Cost $56.75 Unrealized —

DE Deere & Co. 5.0%

Value ($000) $67,704 Shares 887,693 Est. Cost $71.21 Unrealized -8.7%

TOL Toll Brothers Inc 4.6%

Value ($000) $62,625 Shares 1,880,637 Est. Cost $34.26 Unrealized +4.1%

MA Mastercard Inc Class A 4.6%

Value ($000) $61,992 Shares 636,728 Est. Cost $70.81 Unrealized +30.2%

V Visa Inc Cl A 4.4%

Value ($000) $59,591 Shares 768,421 Est. Cost $57.55 Unrealized +25.4%

CMI Cummins Inc 4.3%

Value ($000) $59,115 Shares 671,685 Est. Cost $85.54 Unrealized -11.4%

USB US Bancorp 4.1%

Value ($000) $56,074 Shares 1,314,142 Est. Cost $28.42 Unrealized +4.1%

EXPD Expeditors International of Washington 3.9%

Value ($000) $52,936 Shares 1,173,742 Est. Cost $36.83 Unrealized +15.5%

ROST Ross Stores Inc 3.6%

Value ($000) $49,189 Shares 914,127 Est. Cost $46.16 Unrealized +0.2%

— Leucadia National Corporation 2.6%

Value ($000) $34,982 Shares 2,011,636 Est. Cost $23.75 Unrealized —

— Strayer Education Inc 2.2%

Value ($000) $30,408 Shares 505,794 Est. Cost $60.78 Unrealized —

UNP Union Pacific Corporation 1.5%

Value ($000) $20,979 Shares 268,277 Est. Cost $80.32 Unrealized -15.0%

BRK/B Berkshire Hathaway Class B 1.5%

Value ($000) $20,059 Shares 151,917 Est. Cost $110.02 Unrealized +22.0%

WAT Waters Corp 1.4%

Value ($000) $18,897 Shares 140,418 Est. Cost $103.09 Unrealized +24.6%

BRK/A Berkshire Hathaway Class A 0.5%

Value ($000) $6,923 Shares 35 Est. Cost $165023.42 Unrealized +22.0%

CWGL Crimson Wine Group Ltd 0.1%

Value ($000) $1,563 Shares 177,596 Est. Cost $8.92 Unrealized +0.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	1,227,901	$123,208	9.1%	$81.90	+10.6%	COM	615369105
ACGL	Arch Capital Group Ltd	1,760,066	$122,765	9.0%	$16.55	+41.2%	COM	G0450A105
WFC	Wells Fargo & Company	1,898,783	$103,218	7.6%	$37.41	+9.2%	COM	949746101
GS	Goldman Sachs Group Inc	534,372	$96,310	7.1%	$121.64	+24.3%	COM	38141G104
NVR	NVR Inc.	50,542	$83,041	6.1%	$1051.58	+55.6%	COM	62944T105
FAST	Fastenal Co	1,915,219	$78,179	5.7%	$8.01	-5.9%	COM	311900104
YUM	YUM! Brands Inc	1,039,239	$75,916	5.6%	$42.96	+0.8%	COM	988498101
—	Allied World Assurance Co Hldg	1,999,599	$74,365	5.5%	$56.75	—	COM	H01531104
DE	Deere & Co.	887,693	$67,704	5.0%	$71.21	-8.7%	COM	244199105
TOL	Toll Brothers Inc	1,880,637	$62,625	4.6%	$34.26	+4.1%	COM	889478103
MA	Mastercard Inc Class A	636,728	$61,992	4.6%	$70.81	+30.2%	COM	57636Q104
V	Visa Inc Cl A	768,421	$59,591	4.4%	$57.55	+25.4%	COM	92826C839
CMI	Cummins Inc	671,685	$59,115	4.3%	$85.54	-11.4%	COM	231021106
USB	US Bancorp	1,314,142	$56,074	4.1%	$28.42	+4.1%	COM	902973304
EXPD	Expeditors International of Washington	1,173,742	$52,936	3.9%	$36.83	+15.5%	COM	302130109
ROST	Ross Stores Inc	914,127	$49,189	3.6%	$46.16	+0.2%	COM	778296103
—	Leucadia National Corporation	2,011,636	$34,982	2.6%	$23.75	—	COM	527288104
—	Strayer Education Inc	505,794	$30,408	2.2%	$60.78	—	COM	863236105
UNP	Union Pacific Corporation	268,277	$20,979	1.5%	$80.32	-15.0%	COM	907818108
BRK/B	Berkshire Hathaway Class B	151,917	$20,059	1.5%	$110.02	+22.0%	COM	084670702
WAT	Waters Corp	140,418	$18,897	1.4%	$103.09	+24.6%	COM	941848103
BRK/A	Berkshire Hathaway Class A	35	$6,923	0.5%	$165023.42	+22.0%	COM	084670108
CWGL	Crimson Wine Group Ltd	177,596	$1,563	0.1%	$8.92	+0.7%	COM	22662X100