MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q3 2016 (← Previous) (Next →)

Filing Date: Nov 15, 2016

Total Value ($000): $1,254,015 (100.0% shares, 0.0% debt)

Holdings (19)

MCO Moody's Corp. 11.0%

Value ($000) $137,564 Shares 1,270,447 Est. Cost $81.86 Unrealized +17.5%

ACGL Arch Capital Group Ltd 9.9%

Value ($000) $123,823 Shares 1,562,239 Est. Cost $16.55 Unrealized +46.2%

YUM YUM! Brands Inc 7.0%

Value ($000) $88,045 Shares 969,556 Est. Cost $42.96 Unrealized +25.4%

GS Goldman Sachs Group Inc 6.9%

Value ($000) $86,786 Shares 538,144 Est. Cost $122.21 Unrealized +9.5%

CMI Cummins Inc 6.5%

Value ($000) $80,911 Shares 631,379 Est. Cost $84.91 Unrealized +11.6%

NVR NVR Inc. 6.0%

Value ($000) $74,968 Shares 45,716 Est. Cost $1051.58 Unrealized +62.0%

WFC Wells Fargo & Company 5.8%

Value ($000) $73,128 Shares 1,651,488 Est. Cost $37.41 Unrealized -1.6%

FAST Fastenal Co 5.8%

Value ($000) $72,413 Shares 1,733,193 Est. Cost $8.01 Unrealized +3.9%

DE Deere & Co. 5.7%

Value ($000) $71,580 Shares 838,663 Est. Cost $71.03 Unrealized -1.0%

UNP Union Pacific Corporation 5.4%

Value ($000) $67,681 Shares 693,946 Est. Cost $68.12 Unrealized +11.5%

EXPD Expeditors International of Washington 5.3%

Value ($000) $66,786 Shares 1,296,318 Est. Cost $37.63 Unrealized +19.6%

MA Mastercard Inc Class A 4.6%

Value ($000) $57,716 Shares 567,121 Est. Cost $71.20 Unrealized +27.6%

V Visa Inc Cl A 4.4%

Value ($000) $55,535 Shares 671,529 Est. Cost $57.55 Unrealized +30.3%

ROST Ross Stores Inc 4.3%

Value ($000) $54,222 Shares 843,260 Est. Cost $46.31 Unrealized +21.0%

USB US Bancorp 4.0%

Value ($000) $49,657 Shares 1,157,766 Est. Cost $28.42 Unrealized +5.5%

CMG Chipotle Mexican Grill Cl A 3.0%

Value ($000) $37,182 Shares 87,797 Est. Cost $8.71 Unrealized -5.6%

— Strayer Education Inc 2.9%

Value ($000) $35,882 Shares 768,677 Est. Cost $56.79 Unrealized —

WAT Waters Corp 1.4%

Value ($000) $17,863 Shares 112,708 Est. Cost $103.09 Unrealized +50.1%

— Capella Education Co 0.2%

Value ($000) $2,273 Shares 39,161 Est. Cost $52.63 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	1,270,447	$137,564	11.0%	$81.86	+17.5%	COM	615369105
ACGL	Arch Capital Group Ltd	1,562,239	$123,823	9.9%	$16.55	+46.2%	COM	G0450A105
YUM	YUM! Brands Inc	969,556	$88,045	7.0%	$42.96	+25.4%	COM	988498101
GS	Goldman Sachs Group Inc	538,144	$86,786	6.9%	$122.21	+9.5%	COM	38141G104
CMI	Cummins Inc	631,379	$80,911	6.5%	$84.91	+11.6%	COM	231021106
NVR	NVR Inc.	45,716	$74,968	6.0%	$1051.58	+62.0%	COM	62944T105
WFC	Wells Fargo & Company	1,651,488	$73,128	5.8%	$37.41	-1.6%	COM	949746101
FAST	Fastenal Co	1,733,193	$72,413	5.8%	$8.01	+3.9%	COM	311900104
DE	Deere & Co.	838,663	$71,580	5.7%	$71.03	-1.0%	COM	244199105
UNP	Union Pacific Corporation	693,946	$67,681	5.4%	$68.12	+11.5%	COM	907818108
EXPD	Expeditors International of Washington	1,296,318	$66,786	5.3%	$37.63	+19.6%	COM	302130109
MA	Mastercard Inc Class A	567,121	$57,716	4.6%	$71.20	+27.6%	COM	57636Q104
V	Visa Inc Cl A	671,529	$55,535	4.4%	$57.55	+30.3%	COM	92826C839
ROST	Ross Stores Inc	843,260	$54,222	4.3%	$46.31	+21.0%	COM	778296103
USB	US Bancorp	1,157,766	$49,657	4.0%	$28.42	+5.5%	COM	902973304
CMG	Chipotle Mexican Grill Cl A	87,797	$37,182	3.0%	$8.71	-5.6%	COM	169656105
—	Strayer Education Inc	768,677	$35,882	2.9%	$56.79	—	COM	863236105
WAT	Waters Corp	112,708	$17,863	1.4%	$103.09	+50.1%	COM	941848103
—	Capella Education Co	39,161	$2,273	0.2%	$52.63	—	COM	139594105