MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q1 2019 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $1.635B (100.0% shares, 0.0% debt)

Holdings (19)

MCO Moody's Corp. 11.7%

Value $192M Shares 1,057,874 Share Price $181.09 Est. Cost/Share — Unrealized @ Report Date —

CMG Chipotle Mexican Grill Cl A 9.8%

Value $161M Shares 226,502 Share Price $710.31 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 8.7%

Value $142M Shares 4,406,381 Share Price $32.32 Est. Cost/Share — Unrealized @ Report Date —

AZO Autozone Inc. 7.5%

Value $122M Shares 119,568 Share Price $1024.12 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 6.7%

Value $109M Shares 683,348 Share Price $159.84 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 6.6%

Value $107M Shares 456,007 Share Price $235.45 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 5.6%

Value $91.59M Shares 586,430 Share Price $156.19 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 5.6%

Value $91.15M Shares 1,417,334 Share Price $64.31 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 5.4%

Value $88.22M Shares 227,201 Share Price $388.30 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 5.0%

Value $82.41M Shares 1,085,709 Share Price $75.90 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 5.0%

Value $81.83M Shares 518,344 Share Price $157.87 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 4.9%

Value $80.46M Shares 419,099 Share Price $191.99 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 4.0%

Value $65.84M Shares 501,445 Share Price $131.31 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 4.0%

Value $65.51M Shares 703,666 Share Price $93.10 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 3.2%

Value $52.91M Shares 316,468 Share Price $167.20 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 2.8%

Value $45.26M Shares 453,457 Share Price $99.81 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 2.4%

Value $38.94M Shares 14,074 Share Price $2767.02 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 0.8%

Value $13.67M Shares 54,326 Share Price $251.70 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.2%

Value $3.448M Shares 57,067 Share Price $60.42 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MCO	Moody's Corp.	1,057,874	$192M	11.7%	$181.09	—	—	COM	615369105
CMG	Chipotle Mexican Grill Cl A	226,502	$161M	9.8%	$710.31	—	—	COM	169656105
ACGL	Arch Capital Group Ltd	4,406,381	$142M	8.7%	$32.32	—	—	COM	G0450A105
AZO	Autozone Inc.	119,568	$122M	7.5%	$1024.12	—	—	COM	053332102
DE	Deere & Co.	683,348	$109M	6.7%	$159.84	—	—	COM	244199105
MA	Mastercard Inc Class A	456,007	$107M	6.6%	$235.45	—	—	COM	57636Q104
V	Visa Inc Cl A	586,430	$91.59M	5.6%	$156.19	—	—	COM	92826C839
FAST	Fastenal Co	1,417,334	$91.15M	5.6%	$64.31	—	—	COM	311900104
ORLY	O'Reilly Automotive Inc	227,201	$88.22M	5.4%	$388.30	—	—	COM	67103H107
EXPD	Expeditors International of Washington	1,085,709	$82.41M	5.0%	$75.90	—	—	COM	302130109
CMI	Cummins Inc	518,344	$81.83M	5.0%	$157.87	—	—	COM	231021106
GS	Goldman Sachs Group Inc	419,099	$80.46M	4.9%	$191.99	—	—	COM	38141G104
STRA	Strategic Education Inc	501,445	$65.84M	4.0%	$131.31	—	—	COM	86272C103
ROST	Ross Stores Inc	703,666	$65.51M	4.0%	$93.10	—	—	COM	778296103
UNP	Union Pacific Corporation	316,468	$52.91M	3.2%	$167.20	—	—	COM	907818108
YUM	YUM! Brands Inc	453,457	$45.26M	2.8%	$99.81	—	—	COM	988498101
NVR	NVR Inc	14,074	$38.94M	2.4%	$2767.02	—	—	COM	62944T105
WAT	Waters Corp	54,326	$13.67M	0.8%	$251.70	—	—	COM	941848103
VGSH	Vanguard Scottsdale Fds	57,067	$3.448M	0.2%	$60.42	—	—	Short Term Treas	92206C102