MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q2 2017 (← Previous) (Next →)

Filing Date: Aug 15, 2017

Total Value ($000): $1,338,916 (100.0% shares, 0.0% debt)

Holdings (21)

MCO Moody's Corp. 10.9%

Value ($000) $145,777 Shares 1,198,036 Est. Cost $81.86 Unrealized +32.2%

ACGL Arch Capital Group Ltd 9.8%

Value ($000) $131,205 Shares 1,406,422 Est. Cost $16.55 Unrealized +82.2%

GS Goldman Sachs Group Inc 8.1%

Value ($000) $108,605 Shares 489,431 Est. Cost $122.21 Unrealized +51.1%

NVR NVR Inc. 8.0%

Value ($000) $107,282 Shares 44,504 Est. Cost $1065.92 Unrealized +111.5%

DE Deere & Co. 7.1%

Value ($000) $94,824 Shares 767,246 Est. Cost $71.03 Unrealized +44.7%

CMI Cummins Inc 7.0%

Value ($000) $93,370 Shares 575,579 Est. Cost $84.91 Unrealized +45.8%

UNP Union Pacific Corporation 5.2%

Value ($000) $69,529 Shares 638,404 Est. Cost $68.12 Unrealized +32.3%

FAST Fastenal Co 5.2%

Value ($000) $69,176 Shares 1,589,161 Est. Cost $8.01 Unrealized +11.9%

EXPD Expeditors International of Washington 5.0%

Value ($000) $67,512 Shares 1,195,317 Est. Cost $37.63 Unrealized +31.4%

YUM YUM! Brands Inc 4.8%

Value ($000) $64,087 Shares 868,861 Est. Cost $42.96 Unrealized +38.8%

MA Mastercard Inc Class A 4.7%

Value ($000) $62,989 Shares 518,638 Est. Cost $71.20 Unrealized +58.8%

V Visa Inc Cl A 4.6%

Value ($000) $61,559 Shares 656,420 Est. Cost $58.14 Unrealized +50.4%

USB US Bancorp 4.1%

Value ($000) $54,878 Shares 1,056,981 Est. Cost $28.42 Unrealized +30.1%

— Strayer Education Inc 3.9%

Value ($000) $51,915 Shares 556,904 Est. Cost $56.79 Unrealized —

CMG Chipotle Mexican Grill Cl A 3.5%

Value ($000) $46,807 Shares 112,490 Est. Cost $8.54 Unrealized +8.6%

ROST Ross Stores Inc 3.3%

Value ($000) $44,653 Shares 773,477 Est. Cost $46.31 Unrealized +23.7%

AZO Autozone Inc. 3.2%

Value ($000) $42,752 Shares 74,943 Est. Cost $651.02 Unrealized 0.0%

WAT Waters Corp 1.4%

Value ($000) $18,972 Shares 103,200 Est. Cost $103.09 Unrealized +68.6%

— Capella Education Co 0.2%

Value ($000) $3,024 Shares 35,326 Est. Cost $52.63 Unrealized —

WFC Wells Fargo & Company 0.0%

Value ($000) $0 Shares 6 Est. Cost $42.18 Unrealized 0.0%

YUMC YUM! China Holdings Inc. 0.0%

Value ($000) $0 Shares 15 Est. Cost $26.68 Unrealized +35.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	1,198,036	$145,777	10.9%	$81.86	+32.2%	COM	615369105
ACGL	Arch Capital Group Ltd	1,406,422	$131,205	9.8%	$16.55	+82.2%	COM	G0450A105
GS	Goldman Sachs Group Inc	489,431	$108,605	8.1%	$122.21	+51.1%	COM	38141G104
NVR	NVR Inc.	44,504	$107,282	8.0%	$1065.92	+111.5%	COM	62944T105
DE	Deere & Co.	767,246	$94,824	7.1%	$71.03	+44.7%	COM	244199105
CMI	Cummins Inc	575,579	$93,370	7.0%	$84.91	+45.8%	COM	231021106
UNP	Union Pacific Corporation	638,404	$69,529	5.2%	$68.12	+32.3%	COM	907818108
FAST	Fastenal Co	1,589,161	$69,176	5.2%	$8.01	+11.9%	COM	311900104
EXPD	Expeditors International of Washington	1,195,317	$67,512	5.0%	$37.63	+31.4%	COM	302130109
YUM	YUM! Brands Inc	868,861	$64,087	4.8%	$42.96	+38.8%	COM	988498101
MA	Mastercard Inc Class A	518,638	$62,989	4.7%	$71.20	+58.8%	COM	57636Q104
V	Visa Inc Cl A	656,420	$61,559	4.6%	$58.14	+50.4%	COM	92826C839
USB	US Bancorp	1,056,981	$54,878	4.1%	$28.42	+30.1%	COM	902973304
—	Strayer Education Inc	556,904	$51,915	3.9%	$56.79	—	COM	863236105
CMG	Chipotle Mexican Grill Cl A	112,490	$46,807	3.5%	$8.54	+8.6%	COM	169656105
ROST	Ross Stores Inc	773,477	$44,653	3.3%	$46.31	+23.7%	COM	778296103
AZO	Autozone Inc.	74,943	$42,752	3.2%	$651.02	0.0%	COM	053332102
WAT	Waters Corp	103,200	$18,972	1.4%	$103.09	+68.6%	COM	941848103
—	Capella Education Co	35,326	$3,024	0.2%	$52.63	—	COM	139594105
WFC	Wells Fargo & Company	6	$0	0.0%	$42.18	0.0%	COM	949746101
YUMC	YUM! China Holdings Inc.	15	$0	0.0%	$26.68	+35.3%	COM	98850P109