MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q1 2017 (← Previous) (Next →)

Filing Date: May 17, 2017

Total Value ($000): $1,281,668 (100.0% shares, 0.0% debt)

Holdings (19)

MCO Moody's Corp. 10.7%

Value ($000) $137,029 Shares 1,223,039 Est. Cost $81.86 Unrealized +20.8%

ACGL Arch Capital Group Ltd 10.6%

Value ($000) $136,486 Shares 1,440,179 Est. Cost $16.55 Unrealized +75.5%

GS Goldman Sachs Group Inc 9.0%

Value ($000) $115,183 Shares 501,407 Est. Cost $122.21 Unrealized +63.7%

NVR NVR Inc. 7.5%

Value ($000) $96,067 Shares 45,597 Est. Cost $1065.92 Unrealized +77.7%

CMI Cummins Inc 7.0%

Value ($000) $89,112 Shares 589,362 Est. Cost $84.91 Unrealized +38.1%

DE Deere & Co. 6.7%

Value ($000) $85,317 Shares 783,733 Est. Cost $71.03 Unrealized +32.9%

FAST Fastenal Co 6.5%

Value ($000) $83,325 Shares 1,617,960 Est. Cost $8.01 Unrealized +24.1%

UNP Union Pacific Corporation 5.4%

Value ($000) $69,287 Shares 654,149 Est. Cost $68.12 Unrealized +28.7%

EXPD Expeditors International of Washington 5.4%

Value ($000) $69,039 Shares 1,222,150 Est. Cost $37.63 Unrealized +30.5%

MA Mastercard Inc Class A 4.6%

Value ($000) $59,487 Shares 528,913 Est. Cost $71.20 Unrealized +46.4%

V Visa Inc Cl A 4.6%

Value ($000) $59,487 Shares 669,375 Est. Cost $58.14 Unrealized +39.1%

YUM YUM! Brands Inc 4.4%

Value ($000) $56,423 Shares 882,994 Est. Cost $42.96 Unrealized +29.3%

USB US Bancorp 4.3%

Value ($000) $55,522 Shares 1,078,100 Est. Cost $28.42 Unrealized +34.0%

ROST Ross Stores Inc 4.1%

Value ($000) $51,990 Shares 789,287 Est. Cost $46.31 Unrealized +32.1%

CMG Chipotle Mexican Grill Cl A 4.0%

Value ($000) $51,148 Shares 114,805 Est. Cost $8.54 Unrealized -3.4%

— Strayer Education Inc 3.6%

Value ($000) $45,917 Shares 570,468 Est. Cost $56.79 Unrealized —

WAT Waters Corp 1.3%

Value ($000) $16,456 Shares 105,275 Est. Cost $103.09 Unrealized +44.9%

— Capella Education Co 0.2%

Value ($000) $3,001 Shares 35,300 Est. Cost $52.63 Unrealized —

YUMC YUM! China Holdings Inc. 0.1%

Value ($000) $1,392 Shares 51,169 Est. Cost $26.68 Unrealized +0.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	1,223,039	$137,029	10.7%	$81.86	+20.8%	COM	615369105
ACGL	Arch Capital Group Ltd	1,440,179	$136,486	10.6%	$16.55	+75.5%	COM	G0450A105
GS	Goldman Sachs Group Inc	501,407	$115,183	9.0%	$122.21	+63.7%	COM	38141G104
NVR	NVR Inc.	45,597	$96,067	7.5%	$1065.92	+77.7%	COM	62944T105
CMI	Cummins Inc	589,362	$89,112	7.0%	$84.91	+38.1%	COM	231021106
DE	Deere & Co.	783,733	$85,317	6.7%	$71.03	+32.9%	COM	244199105
FAST	Fastenal Co	1,617,960	$83,325	6.5%	$8.01	+24.1%	COM	311900104
UNP	Union Pacific Corporation	654,149	$69,287	5.4%	$68.12	+28.7%	COM	907818108
EXPD	Expeditors International of Washington	1,222,150	$69,039	5.4%	$37.63	+30.5%	COM	302130109
MA	Mastercard Inc Class A	528,913	$59,487	4.6%	$71.20	+46.4%	COM	57636Q104
V	Visa Inc Cl A	669,375	$59,487	4.6%	$58.14	+39.1%	COM	92826C839
YUM	YUM! Brands Inc	882,994	$56,423	4.4%	$42.96	+29.3%	COM	988498101
USB	US Bancorp	1,078,100	$55,522	4.3%	$28.42	+34.0%	COM	902973304
ROST	Ross Stores Inc	789,287	$51,990	4.1%	$46.31	+32.1%	COM	778296103
CMG	Chipotle Mexican Grill Cl A	114,805	$51,148	4.0%	$8.54	-3.4%	COM	169656105
—	Strayer Education Inc	570,468	$45,917	3.6%	$56.79	—	COM	863236105
WAT	Waters Corp	105,275	$16,456	1.3%	$103.09	+44.9%	COM	941848103
—	Capella Education Co	35,300	$3,001	0.2%	$52.63	—	COM	139594105
YUMC	YUM! China Holdings Inc.	51,169	$1,392	0.1%	$26.68	+0.2%	COM	98850P109