MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q2 2017 (← Previous) (Next →)

Filing Date: Aug 15, 2017

Total Value: $1.339B (100.0% shares, 0.0% debt)

Holdings (21)

MCO Moody's Corp. 10.9%

Value $146M Shares 1,198,036 Share Price $121.68 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 9.8%

Value $131M Shares 1,406,422 Share Price $93.29 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 8.1%

Value $109M Shares 489,431 Share Price $221.90 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc. 8.0%

Value $107M Shares 44,504 Share Price $2410.61 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 7.1%

Value $94.82M Shares 767,246 Share Price $123.59 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 7.0%

Value $93.37M Shares 575,579 Share Price $162.22 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 5.2%

Value $69.53M Shares 638,404 Share Price $108.91 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 5.2%

Value $69.18M Shares 1,589,161 Share Price $43.53 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 5.0%

Value $67.51M Shares 1,195,317 Share Price $56.48 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 4.8%

Value $64.09M Shares 868,861 Share Price $73.76 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.7%

Value $62.99M Shares 518,638 Share Price $121.45 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.6%

Value $61.56M Shares 656,420 Share Price $93.78 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 4.1%

Value $54.88M Shares 1,056,981 Share Price $51.92 Est. Cost/Share — Unrealized @ Report Date —

— Strayer Education Inc 3.9%

Value $51.91M Shares 556,904 Share Price $93.22 Est. Cost/Share — Unrealized @ Report Date —

CMG Chipotle Mexican Grill Cl A 3.5%

Value $46.81M Shares 112,490 Share Price $416.10 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 3.3%

Value $44.65M Shares 773,477 Share Price $57.73 Est. Cost/Share — Unrealized @ Report Date —

AZO Autozone Inc. 3.2%

Value $42.75M Shares 74,943 Share Price $570.46 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.4%

Value $18.97M Shares 103,200 Share Price $183.84 Est. Cost/Share — Unrealized @ Report Date —

— Capella Education Co 0.2%

Value $3.024M Shares 35,326 Share Price $85.60 Est. Cost/Share — Unrealized @ Report Date —

WFC Wells Fargo & Company 0.0%

Value $0 Shares 6 Share Price $0.00 Est. Cost/Share — Unrealized @ Report Date —

YUMC YUM! China Holdings Inc. 0.0%

Value $0 Shares 15 Share Price $0.00 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MCO	Moody's Corp.	1,198,036	$146M	10.9%	$121.68	—	—	COM	615369105
ACGL	Arch Capital Group Ltd	1,406,422	$131M	9.8%	$93.29	—	—	COM	G0450A105
GS	Goldman Sachs Group Inc	489,431	$109M	8.1%	$221.90	—	—	COM	38141G104
NVR	NVR Inc.	44,504	$107M	8.0%	$2410.61	—	—	COM	62944T105
DE	Deere & Co.	767,246	$94.82M	7.1%	$123.59	—	—	COM	244199105
CMI	Cummins Inc	575,579	$93.37M	7.0%	$162.22	—	—	COM	231021106
UNP	Union Pacific Corporation	638,404	$69.53M	5.2%	$108.91	—	—	COM	907818108
FAST	Fastenal Co	1,589,161	$69.18M	5.2%	$43.53	—	—	COM	311900104
EXPD	Expeditors International of Washington	1,195,317	$67.51M	5.0%	$56.48	—	—	COM	302130109
YUM	YUM! Brands Inc	868,861	$64.09M	4.8%	$73.76	—	—	COM	988498101
MA	Mastercard Inc Class A	518,638	$62.99M	4.7%	$121.45	—	—	COM	57636Q104
V	Visa Inc Cl A	656,420	$61.56M	4.6%	$93.78	—	—	COM	92826C839
USB	US Bancorp	1,056,981	$54.88M	4.1%	$51.92	—	—	COM	902973304
—	Strayer Education Inc	556,904	$51.91M	3.9%	$93.22	—	—	COM	863236105
CMG	Chipotle Mexican Grill Cl A	112,490	$46.81M	3.5%	$416.10	—	—	COM	169656105
ROST	Ross Stores Inc	773,477	$44.65M	3.3%	$57.73	—	—	COM	778296103
AZO	Autozone Inc.	74,943	$42.75M	3.2%	$570.46	—	—	COM	053332102
WAT	Waters Corp	103,200	$18.97M	1.4%	$183.84	—	—	COM	941848103
—	Capella Education Co	35,326	$3.024M	0.2%	$85.60	—	—	COM	139594105
WFC	Wells Fargo & Company	6	$0	0.0%	$0.00	—	—	COM	949746101
YUMC	YUM! China Holdings Inc.	15	$0	0.0%	$0.00	—	—	COM	98850P109