MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q4 2016 (← Previous) (Next →)

Filing Date: Feb 15, 2017

Total Value: $1.31B (100.0% shares, 0.0% debt)

Holdings (20)

ACGL Arch Capital Group Ltd 9.9%

Value $129M Shares 1,496,044 Share Price $86.29 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 9.5%

Value $124M Shares 518,729 Share Price $239.45 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 9.1%

Value $119M Shares 1,264,718 Share Price $94.27 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 6.4%

Value $83.69M Shares 812,163 Share Price $103.04 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 6.4%

Value $83.45M Shares 610,635 Share Price $136.67 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 6.0%

Value $78.91M Shares 1,679,707 Share Price $46.98 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc. 6.0%

Value $78.36M Shares 46,951 Share Price $1669.00 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 5.4%

Value $70.54M Shares 680,328 Share Price $103.68 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 5.1%

Value $66.89M Shares 1,262,965 Share Price $52.96 Est. Cost/Share — Unrealized @ Report Date —

WFC Wells Fargo & Company 4.9%

Value $64.4M Shares 1,168,551 Share Price $55.11 Est. Cost/Share — Unrealized @ Report Date —

— Strayer Education Inc 4.6%

Value $60.16M Shares 746,088 Share Price $80.63 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 4.5%

Value $58.3M Shares 920,530 Share Price $63.33 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 4.4%

Value $57.28M Shares 1,115,098 Share Price $51.37 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.3%

Value $56.5M Shares 547,224 Share Price $103.25 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.1%

Value $54.19M Shares 694,510 Share Price $78.02 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 4.1%

Value $53.42M Shares 814,368 Share Price $65.60 Est. Cost/Share — Unrealized @ Report Date —

CMG Chipotle Mexican Grill Cl A 3.1%

Value $40.3M Shares 106,807 Share Price $377.32 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.1%

Value $14.52M Shares 108,024 Share Price $134.39 Est. Cost/Share — Unrealized @ Report Date —

YUMC YUM! China Holdings Inc. 1.0%

Value $13.04M Shares 499,188 Share Price $26.12 Est. Cost/Share — Unrealized @ Report Date —

— Capella Education Co 0.2%

Value $3.147M Shares 35,841 Share Price $87.80 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ACGL	Arch Capital Group Ltd	1,496,044	$129M	9.9%	$86.29	—	—	COM	G0450A105
GS	Goldman Sachs Group Inc	518,729	$124M	9.5%	$239.45	—	—	COM	38141G104
MCO	Moody's Corp.	1,264,718	$119M	9.1%	$94.27	—	—	COM	615369105
DE	Deere & Co.	812,163	$83.69M	6.4%	$103.04	—	—	COM	244199105
CMI	Cummins Inc	610,635	$83.45M	6.4%	$136.67	—	—	COM	231021106
FAST	Fastenal Co	1,679,707	$78.91M	6.0%	$46.98	—	—	COM	311900104
NVR	NVR Inc.	46,951	$78.36M	6.0%	$1669.00	—	—	COM	62944T105
UNP	Union Pacific Corporation	680,328	$70.54M	5.4%	$103.68	—	—	COM	907818108
EXPD	Expeditors International of Washington	1,262,965	$66.89M	5.1%	$52.96	—	—	COM	302130109
WFC	Wells Fargo & Company	1,168,551	$64.4M	4.9%	$55.11	—	—	COM	949746101
—	Strayer Education Inc	746,088	$60.16M	4.6%	$80.63	—	—	COM	863236105
YUM	YUM! Brands Inc	920,530	$58.3M	4.5%	$63.33	—	—	COM	988498101
USB	US Bancorp	1,115,098	$57.28M	4.4%	$51.37	—	—	COM	902973304
MA	Mastercard Inc Class A	547,224	$56.5M	4.3%	$103.25	—	—	COM	57636Q104
V	Visa Inc Cl A	694,510	$54.19M	4.1%	$78.02	—	—	COM	92826C839
ROST	Ross Stores Inc	814,368	$53.42M	4.1%	$65.60	—	—	COM	778296103
CMG	Chipotle Mexican Grill Cl A	106,807	$40.3M	3.1%	$377.32	—	—	COM	169656105
WAT	Waters Corp	108,024	$14.52M	1.1%	$134.39	—	—	COM	941848103
YUMC	YUM! China Holdings Inc.	499,188	$13.04M	1.0%	$26.12	—	—	COM	98850P109
—	Capella Education Co	35,841	$3.147M	0.2%	$87.80	—	—	COM	139594105