MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q4 2017 (← Previous) (Next →)

Filing Date: Feb 15, 2018

Total Value: $1.53B (100.0% shares, 0.0% debt)

Holdings (19)

MCO Moody's Corp. 11.2%

Value $171M Shares 1,160,606 Share Price $147.61 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 8.1%

Value $124M Shares 1,365,945 Share Price $90.77 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 7.9%

Value $121M Shares 476,469 Share Price $254.76 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 7.6%

Value $116M Shares 744,234 Share Price $156.51 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 6.4%

Value $98.48M Shares 557,537 Share Price $176.64 Est. Cost/Share — Unrealized @ Report Date —

AZO Autozone Inc. 6.0%

Value $91.1M Shares 128,060 Share Price $711.37 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 5.5%

Value $84.48M Shares 1,544,678 Share Price $54.69 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 5.5%

Value $83.42M Shares 622,057 Share Price $134.10 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 5.0%

Value $75.99M Shares 502,023 Share Price $151.36 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 4.9%

Value $75.5M Shares 1,167,106 Share Price $64.69 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.8%

Value $72.75M Shares 638,084 Share Price $114.02 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 4.5%

Value $68.32M Shares 837,171 Share Price $81.61 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 4.0%

Value $61.11M Shares 761,485 Share Price $80.25 Est. Cost/Share — Unrealized @ Report Date —

CMG Chipotle Mexican Grill Cl A 3.7%

Value $56.76M Shares 196,366 Share Price $289.03 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 3.7%

Value $56.28M Shares 233,974 Share Price $240.54 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 3.5%

Value $53.22M Shares 993,197 Share Price $53.58 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 3.4%

Value $51.36M Shares 14,640 Share Price $3508.20 Est. Cost/Share — Unrealized @ Report Date —

— Strayer Education Inc 3.2%

Value $48.65M Shares 543,139 Share Price $89.58 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.3%

Value $19.48M Shares 100,852 Share Price $193.19 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MCO	Moody's Corp.	1,160,606	$171M	11.2%	$147.61	—	—	COM	615369105
ACGL	Arch Capital Group Ltd	1,365,945	$124M	8.1%	$90.77	—	—	COM	G0450A105
GS	Goldman Sachs Group Inc	476,469	$121M	7.9%	$254.76	—	—	COM	38141G104
DE	Deere & Co.	744,234	$116M	7.6%	$156.51	—	—	COM	244199105
CMI	Cummins Inc	557,537	$98.48M	6.4%	$176.64	—	—	COM	231021106
AZO	Autozone Inc.	128,060	$91.1M	6.0%	$711.37	—	—	COM	053332102
FAST	Fastenal Co	1,544,678	$84.48M	5.5%	$54.69	—	—	COM	311900104
UNP	Union Pacific Corporation	622,057	$83.42M	5.5%	$134.10	—	—	COM	907818108
MA	Mastercard Inc Class A	502,023	$75.99M	5.0%	$151.36	—	—	COM	57636Q104
EXPD	Expeditors International of Washington	1,167,106	$75.5M	4.9%	$64.69	—	—	COM	302130109
V	Visa Inc Cl A	638,084	$72.75M	4.8%	$114.02	—	—	COM	92826C839
YUM	YUM! Brands Inc	837,171	$68.32M	4.5%	$81.61	—	—	COM	988498101
ROST	Ross Stores Inc	761,485	$61.11M	4.0%	$80.25	—	—	COM	778296103
CMG	Chipotle Mexican Grill Cl A	196,366	$56.76M	3.7%	$289.03	—	—	COM	169656105
ORLY	O'Reilly Automotive Inc	233,974	$56.28M	3.7%	$240.54	—	—	COM	67103H107
USB	US Bancorp	993,197	$53.22M	3.5%	$53.58	—	—	COM	902973304
NVR	NVR Inc	14,640	$51.36M	3.4%	$3508.20	—	—	COM	62944T105
—	Strayer Education Inc	543,139	$48.65M	3.2%	$89.58	—	—	COM	863236105
WAT	Waters Corp	100,852	$19.48M	1.3%	$193.19	—	—	COM	941848103