MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q1 2016 (← Previous) (Next →)

Filing Date: May 16, 2016

Total Value: $1.411B (100.0% shares, 0.0% debt)

Holdings (22)

MCO Moody's Corp. 9.6%

Value $135M Shares 1,398,637 Share Price $96.56 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 8.8%

Value $124M Shares 1,750,044 Share Price $71.10 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 6.7%

Value $94.8M Shares 1,934,599 Share Price $49.00 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 6.6%

Value $92.67M Shares 590,361 Share Price $156.98 Est. Cost/Share — Unrealized @ Report Date —

WFC Wells Fargo & Company 6.5%

Value $91.57M Shares 1,893,523 Share Price $48.36 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc. 6.2%

Value $86.79M Shares 50,097 Share Price $1732.40 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 6.0%

Value $84.57M Shares 1,033,233 Share Price $81.85 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 5.5%

Value $78.24M Shares 711,641 Share Price $109.94 Est. Cost/Share — Unrealized @ Report Date —

— Allied World Assurance Co Hldg 5.1%

Value $71.9M Shares 2,057,890 Share Price $34.94 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 5.0%

Value $70.7M Shares 918,274 Share Price $76.99 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 4.9%

Value $69.64M Shares 1,426,758 Share Price $48.81 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 4.5%

Value $63.71M Shares 800,852 Share Price $79.55 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.4%

Value $62.07M Shares 656,790 Share Price $94.50 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.2%

Value $58.56M Shares 765,728 Share Price $76.48 Est. Cost/Share — Unrealized @ Report Date —

TOL Toll Brothers Inc 3.9%

Value $55.27M Shares 1,872,972 Share Price $29.51 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 3.8%

Value $53.42M Shares 1,316,192 Share Price $40.59 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 3.8%

Value $53.12M Shares 917,354 Share Price $57.90 Est. Cost/Share — Unrealized @ Report Date —

— Strayer Education Inc 1.8%

Value $25.42M Shares 521,500 Share Price $48.75 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.3%

Value $18.69M Shares 141,692 Share Price $131.92 Est. Cost/Share — Unrealized @ Report Date —

— Leucadia National Corporation 1.3%

Value $17.79M Shares 1,099,895 Share Price $16.17 Est. Cost/Share — Unrealized @ Report Date —

CWGL Crimson Wine Group Ltd 0.1%

Value $1.298M Shares 154,901 Share Price $8.38 Est. Cost/Share — Unrealized @ Report Date —

CMG Chipotle Mexican Grill Cl A 0.1%

Value $850K Shares 1,804 Share Price $471.18 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MCO	Moody's Corp.	1,398,637	$135M	9.6%	$96.56	—	—	COM	615369105
ACGL	Arch Capital Group Ltd	1,750,044	$124M	8.8%	$71.10	—	—	COM	G0450A105
FAST	Fastenal Co	1,934,599	$94.8M	6.7%	$49.00	—	—	COM	311900104
GS	Goldman Sachs Group Inc	590,361	$92.67M	6.6%	$156.98	—	—	COM	38141G104
WFC	Wells Fargo & Company	1,893,523	$91.57M	6.5%	$48.36	—	—	COM	949746101
NVR	NVR Inc.	50,097	$86.79M	6.2%	$1732.40	—	—	COM	62944T105
YUM	YUM! Brands Inc	1,033,233	$84.57M	6.0%	$81.85	—	—	COM	988498101
CMI	Cummins Inc	711,641	$78.24M	5.5%	$109.94	—	—	COM	231021106
—	Allied World Assurance Co Hldg	2,057,890	$71.9M	5.1%	$34.94	—	—	COM	H01531104
DE	Deere & Co.	918,274	$70.7M	5.0%	$76.99	—	—	COM	244199105
EXPD	Expeditors International of Washington	1,426,758	$69.64M	4.9%	$48.81	—	—	COM	302130109
UNP	Union Pacific Corporation	800,852	$63.71M	4.5%	$79.55	—	—	COM	907818108
MA	Mastercard Inc Class A	656,790	$62.07M	4.4%	$94.50	—	—	COM	57636Q104
V	Visa Inc Cl A	765,728	$58.56M	4.2%	$76.48	—	—	COM	92826C839
TOL	Toll Brothers Inc	1,872,972	$55.27M	3.9%	$29.51	—	—	COM	889478103
USB	US Bancorp	1,316,192	$53.42M	3.8%	$40.59	—	—	COM	902973304
ROST	Ross Stores Inc	917,354	$53.12M	3.8%	$57.90	—	—	COM	778296103
—	Strayer Education Inc	521,500	$25.42M	1.8%	$48.75	—	—	COM	863236105
WAT	Waters Corp	141,692	$18.69M	1.3%	$131.92	—	—	COM	941848103
—	Leucadia National Corporation	1,099,895	$17.79M	1.3%	$16.17	—	—	COM	527288104
CWGL	Crimson Wine Group Ltd	154,901	$1.298M	0.1%	$8.38	—	—	COM	22662X100
CMG	Chipotle Mexican Grill Cl A	1,804	$850K	0.1%	$471.18	—	—	COM	169656105