MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q1 2018 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $1.491B (100.0% shares, 0.0% debt)

Holdings (20)

MCO Moody's Corp. 12.3%

Value $184M Shares 1,138,279 Share Price $161.30 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 8.3%

Value $124M Shares 1,443,370 Share Price $85.59 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 7.9%

Value $118M Shares 468,533 Share Price $251.86 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 7.6%

Value $114M Shares 730,792 Share Price $155.32 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 6.0%

Value $88.91M Shares 548,518 Share Price $162.09 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 5.8%

Value $86.32M Shares 492,789 Share Price $175.16 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 5.6%

Value $82.9M Shares 1,518,603 Share Price $54.59 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 5.5%

Value $82.1M Shares 610,717 Share Price $134.43 Est. Cost/Share — Unrealized @ Report Date —

AZO Autozone Inc. 5.5%

Value $81.72M Shares 125,976 Share Price $648.69 Est. Cost/Share — Unrealized @ Report Date —

CMG Chipotle Mexican Grill Cl A 5.2%

Value $78.05M Shares 241,558 Share Price $323.11 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 5.0%

Value $75.05M Shares 627,417 Share Price $119.62 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 4.9%

Value $72.78M Shares 1,149,804 Share Price $63.30 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 4.7%

Value $70.25M Shares 825,175 Share Price $85.13 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 3.9%

Value $58.48M Shares 750,004 Share Price $77.98 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 3.8%

Value $56.98M Shares 230,329 Share Price $247.38 Est. Cost/Share — Unrealized @ Report Date —

— Strayer Education Inc 3.6%

Value $54.03M Shares 534,711 Share Price $101.05 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 2.8%

Value $41.1M Shares 14,677 Share Price $2800.03 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 1.3%

Value $19.75M Shares 99,423 Share Price $198.65 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.2%

Value $3.193M Shares 53,180 Share Price $60.04 Est. Cost/Share — Unrealized @ Report Date —

USB US Bancorp 0.1%

Value $844K Shares 16,712 Share Price $50.50 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MCO	Moody's Corp.	1,138,279	$184M	12.3%	$161.30	—	—	COM	615369105
ACGL	Arch Capital Group Ltd	1,443,370	$124M	8.3%	$85.59	—	—	COM	G0450A105
GS	Goldman Sachs Group Inc	468,533	$118M	7.9%	$251.86	—	—	COM	38141G104
DE	Deere & Co.	730,792	$114M	7.6%	$155.32	—	—	COM	244199105
CMI	Cummins Inc	548,518	$88.91M	6.0%	$162.09	—	—	COM	231021106
MA	Mastercard Inc Class A	492,789	$86.32M	5.8%	$175.16	—	—	COM	57636Q104
FAST	Fastenal Co	1,518,603	$82.9M	5.6%	$54.59	—	—	COM	311900104
UNP	Union Pacific Corporation	610,717	$82.1M	5.5%	$134.43	—	—	COM	907818108
AZO	Autozone Inc.	125,976	$81.72M	5.5%	$648.69	—	—	COM	053332102
CMG	Chipotle Mexican Grill Cl A	241,558	$78.05M	5.2%	$323.11	—	—	COM	169656105
V	Visa Inc Cl A	627,417	$75.05M	5.0%	$119.62	—	—	COM	92826C839
EXPD	Expeditors International of Washington	1,149,804	$72.78M	4.9%	$63.30	—	—	COM	302130109
YUM	YUM! Brands Inc	825,175	$70.25M	4.7%	$85.13	—	—	COM	988498101
ROST	Ross Stores Inc	750,004	$58.48M	3.9%	$77.98	—	—	COM	778296103
ORLY	O'Reilly Automotive Inc	230,329	$56.98M	3.8%	$247.38	—	—	COM	67103H107
—	Strayer Education Inc	534,711	$54.03M	3.6%	$101.05	—	—	COM	863236105
NVR	NVR Inc	14,677	$41.1M	2.8%	$2800.03	—	—	COM	62944T105
WAT	Waters Corp	99,423	$19.75M	1.3%	$198.65	—	—	COM	941848103
VGSH	Vanguard Scottsdale Fds	53,180	$3.193M	0.2%	$60.04	—	—	Short Term Treas	92206C102
USB	US Bancorp	16,712	$844K	0.1%	$50.50	—	—	COM	902973304