MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q1 2016 (← Previous) (Next →)

Filing Date: May 16, 2016

Total Value ($000): $1,410,554 (100.0% shares, 0.0% debt)

Holdings (22)

MCO Moody's Corp. 9.6%

Value ($000) $135,052 Shares 1,398,637 Est. Cost $81.86 Unrealized -0.3%

ACGL Arch Capital Group Ltd 8.8%

Value ($000) $124,428 Shares 1,750,044 Est. Cost $16.55 Unrealized +30.9%

FAST Fastenal Co 6.7%

Value ($000) $94,795 Shares 1,934,599 Est. Cost $8.01 Unrealized +4.6%

GS Goldman Sachs Group Inc 6.6%

Value ($000) $92,675 Shares 590,361 Est. Cost $122.08 Unrealized +3.4%

WFC Wells Fargo & Company 6.5%

Value ($000) $91,571 Shares 1,893,523 Est. Cost $37.41 Unrealized -0.8%

NVR NVR Inc. 6.2%

Value ($000) $86,788 Shares 50,097 Est. Cost $1051.58 Unrealized +53.8%

YUM YUM! Brands Inc 6.0%

Value ($000) $84,570 Shares 1,033,233 Est. Cost $42.96 Unrealized +1.9%

CMI Cummins Inc 5.5%

Value ($000) $78,238 Shares 711,641 Est. Cost $84.91 Unrealized -12.6%

— Allied World Assurance Co Hldg 5.1%

Value ($000) $71,903 Shares 2,057,890 Est. Cost $56.13 Unrealized —

DE Deere & Co. 5.0%

Value ($000) $70,698 Shares 918,274 Est. Cost $71.04 Unrealized -6.7%

EXPD Expeditors International of Washington 4.9%

Value ($000) $69,640 Shares 1,426,758 Est. Cost $37.46 Unrealized +7.9%

UNP Union Pacific Corporation 4.5%

Value ($000) $63,708 Shares 800,852 Est. Cost $68.12 Unrealized -9.0%

MA Mastercard Inc Class A 4.4%

Value ($000) $62,067 Shares 656,790 Est. Cost $71.20 Unrealized +17.2%

V Visa Inc Cl A 4.2%

Value ($000) $58,563 Shares 765,728 Est. Cost $57.55 Unrealized +17.8%

TOL Toll Brothers Inc 3.9%

Value ($000) $55,271 Shares 1,872,972 Est. Cost $34.26 Unrealized -18.4%

USB US Bancorp 3.8%

Value ($000) $53,424 Shares 1,316,192 Est. Cost $28.42 Unrealized -2.2%

ROST Ross Stores Inc 3.8%

Value ($000) $53,115 Shares 917,354 Est. Cost $46.16 Unrealized +9.1%

— Strayer Education Inc 1.8%

Value ($000) $25,423 Shares 521,500 Est. Cost $60.42 Unrealized —

WAT Waters Corp 1.3%

Value ($000) $18,692 Shares 141,692 Est. Cost $103.09 Unrealized +21.0%

— Leucadia National Corporation 1.3%

Value ($000) $17,785 Shares 1,099,895 Est. Cost $23.75 Unrealized —

CWGL Crimson Wine Group Ltd 0.1%

Value ($000) $1,298 Shares 154,901 Est. Cost $8.92 Unrealized -8.2%

CMG Chipotle Mexican Grill Cl A 0.1%

Value ($000) $850 Shares 1,804 Est. Cost $9.51 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	1,398,637	$135,052	9.6%	$81.86	-0.3%	COM	615369105
ACGL	Arch Capital Group Ltd	1,750,044	$124,428	8.8%	$16.55	+30.9%	COM	G0450A105
FAST	Fastenal Co	1,934,599	$94,795	6.7%	$8.01	+4.6%	COM	311900104
GS	Goldman Sachs Group Inc	590,361	$92,675	6.6%	$122.08	+3.4%	COM	38141G104
WFC	Wells Fargo & Company	1,893,523	$91,571	6.5%	$37.41	-0.8%	COM	949746101
NVR	NVR Inc.	50,097	$86,788	6.2%	$1051.58	+53.8%	COM	62944T105
YUM	YUM! Brands Inc	1,033,233	$84,570	6.0%	$42.96	+1.9%	COM	988498101
CMI	Cummins Inc	711,641	$78,238	5.5%	$84.91	-12.6%	COM	231021106
—	Allied World Assurance Co Hldg	2,057,890	$71,903	5.1%	$56.13	—	COM	H01531104
DE	Deere & Co.	918,274	$70,698	5.0%	$71.04	-6.7%	COM	244199105
EXPD	Expeditors International of Washington	1,426,758	$69,640	4.9%	$37.46	+7.9%	COM	302130109
UNP	Union Pacific Corporation	800,852	$63,708	4.5%	$68.12	-9.0%	COM	907818108
MA	Mastercard Inc Class A	656,790	$62,067	4.4%	$71.20	+17.2%	COM	57636Q104
V	Visa Inc Cl A	765,728	$58,563	4.2%	$57.55	+17.8%	COM	92826C839
TOL	Toll Brothers Inc	1,872,972	$55,271	3.9%	$34.26	-18.4%	COM	889478103
USB	US Bancorp	1,316,192	$53,424	3.8%	$28.42	-2.2%	COM	902973304
ROST	Ross Stores Inc	917,354	$53,115	3.8%	$46.16	+9.1%	COM	778296103
—	Strayer Education Inc	521,500	$25,423	1.8%	$60.42	—	COM	863236105
WAT	Waters Corp	141,692	$18,692	1.3%	$103.09	+21.0%	COM	941848103
—	Leucadia National Corporation	1,099,895	$17,785	1.3%	$23.75	—	COM	527288104
CWGL	Crimson Wine Group Ltd	154,901	$1,298	0.1%	$8.92	-8.2%	COM	22662X100
CMG	Chipotle Mexican Grill Cl A	1,804	$850	0.1%	$9.51	0.0%	COM	169656105