MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q2 2016 (← Previous) (Next →)

Filing Date: Aug 15, 2016

Total Value ($000): $1,397,641 (100.0% shares, 0.0% debt)

Holdings (22)

MCO Moody's Corp. 9.4%

Value ($000) $131,849 Shares 1,406,986 Est. Cost $81.86 Unrealized +7.6%

ACGL Arch Capital Group Ltd 9.0%

Value ($000) $125,777 Shares 1,746,908 Est. Cost $16.55 Unrealized +35.7%

GS Goldman Sachs Group Inc 6.4%

Value ($000) $89,799 Shares 604,379 Est. Cost $122.21 Unrealized +4.7%

WFC Wells Fargo & Company 6.4%

Value ($000) $89,226 Shares 1,885,193 Est. Cost $37.41 Unrealized -0.5%

NVR NVR Inc. 6.4%

Value ($000) $88,875 Shares 49,920 Est. Cost $1051.58 Unrealized +62.6%

FAST Fastenal Co 6.2%

Value ($000) $86,429 Shares 1,947,027 Est. Cost $8.01 Unrealized +10.7%

YUM YUM! Brands Inc 6.1%

Value ($000) $85,206 Shares 1,027,569 Est. Cost $42.96 Unrealized +15.2%

CMI Cummins Inc 5.7%

Value ($000) $80,251 Shares 713,726 Est. Cost $84.91 Unrealized +3.3%

DE Deere & Co. 5.4%

Value ($000) $75,490 Shares 931,520 Est. Cost $71.03 Unrealized -1.5%

EXPD Expeditors International of Washington 5.2%

Value ($000) $72,262 Shares 1,473,529 Est. Cost $37.63 Unrealized +14.1%

— Allied World Assurance Co Hldg 5.1%

Value ($000) $70,904 Shares 2,017,768 Est. Cost $56.13 Unrealized —

UNP Union Pacific Corporation 5.0%

Value ($000) $69,640 Shares 798,166 Est. Cost $68.12 Unrealized +0.2%

MA Mastercard Inc Class A 4.1%

Value ($000) $57,482 Shares 652,761 Est. Cost $71.20 Unrealized +26.8%

V Visa Inc Cl A 4.0%

Value ($000) $56,513 Shares 761,945 Est. Cost $57.55 Unrealized +27.2%

ROST Ross Stores Inc 3.9%

Value ($000) $53,877 Shares 950,371 Est. Cost $46.31 Unrealized +9.0%

USB US Bancorp 3.8%

Value ($000) $52,923 Shares 1,312,253 Est. Cost $28.42 Unrealized +2.7%

CMG Chipotle Mexican Grill Cl A 2.7%

Value ($000) $37,990 Shares 94,323 Est. Cost $8.71 Unrealized -0.2%

— Strayer Education Inc 2.7%

Value ($000) $37,774 Shares 768,865 Est. Cost $56.79 Unrealized —

WAT Waters Corp 1.4%

Value ($000) $19,836 Shares 141,030 Est. Cost $103.09 Unrealized +31.2%

TOL Toll Brothers Inc 0.8%

Value ($000) $11,874 Shares 441,259 Est. Cost $34.26 Unrealized -18.0%

— Capella Education Co 0.2%

Value ($000) $2,958 Shares 56,202 Est. Cost $52.63 Unrealized —

CWGL Crimson Wine Group Ltd 0.1%

Value ($000) $706 Shares 84,409 Est. Cost $8.92 Unrealized -4.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	1,406,986	$131,849	9.4%	$81.86	+7.6%	COM	615369105
ACGL	Arch Capital Group Ltd	1,746,908	$125,777	9.0%	$16.55	+35.7%	COM	G0450A105
GS	Goldman Sachs Group Inc	604,379	$89,799	6.4%	$122.21	+4.7%	COM	38141G104
WFC	Wells Fargo & Company	1,885,193	$89,226	6.4%	$37.41	-0.5%	COM	949746101
NVR	NVR Inc.	49,920	$88,875	6.4%	$1051.58	+62.6%	COM	62944T105
FAST	Fastenal Co	1,947,027	$86,429	6.2%	$8.01	+10.7%	COM	311900104
YUM	YUM! Brands Inc	1,027,569	$85,206	6.1%	$42.96	+15.2%	COM	988498101
CMI	Cummins Inc	713,726	$80,251	5.7%	$84.91	+3.3%	COM	231021106
DE	Deere & Co.	931,520	$75,490	5.4%	$71.03	-1.5%	COM	244199105
EXPD	Expeditors International of Washington	1,473,529	$72,262	5.2%	$37.63	+14.1%	COM	302130109
—	Allied World Assurance Co Hldg	2,017,768	$70,904	5.1%	$56.13	—	COM	H01531104
UNP	Union Pacific Corporation	798,166	$69,640	5.0%	$68.12	+0.2%	COM	907818108
MA	Mastercard Inc Class A	652,761	$57,482	4.1%	$71.20	+26.8%	COM	57636Q104
V	Visa Inc Cl A	761,945	$56,513	4.0%	$57.55	+27.2%	COM	92826C839
ROST	Ross Stores Inc	950,371	$53,877	3.9%	$46.31	+9.0%	COM	778296103
USB	US Bancorp	1,312,253	$52,923	3.8%	$28.42	+2.7%	COM	902973304
CMG	Chipotle Mexican Grill Cl A	94,323	$37,990	2.7%	$8.71	-0.2%	COM	169656105
—	Strayer Education Inc	768,865	$37,774	2.7%	$56.79	—	COM	863236105
WAT	Waters Corp	141,030	$19,836	1.4%	$103.09	+31.2%	COM	941848103
TOL	Toll Brothers Inc	441,259	$11,874	0.8%	$34.26	-18.0%	COM	889478103
—	Capella Education Co	56,202	$2,958	0.2%	$52.63	—	COM	139594105
CWGL	Crimson Wine Group Ltd	84,409	$706	0.1%	$8.92	-4.9%	COM	22662X100