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

Holdings (19)

MCO Moody's Corp. 11.7%

Value $192M Shares 1,057,874 Est. Cost $81.86 Unrealized +89.3%

CMG Chipotle Mexican Grill Cl A 9.8%

Value $161M Shares 226,502 Est. Cost $7.49 Unrealized +54.9%

ACGL Arch Capital Group Ltd 8.7%

Value $142M Shares 4,406,381 Est. Cost $22.89 Unrealized +26.5%

AZO Autozone Inc. 7.5%

Value $122M Shares 119,568 Est. Cost $601.04 Unrealized +49.3%

DE Deere & Co. 6.7%

Value $109M Shares 683,348 Est. Cost $71.03 Unrealized +103.5%

MA Mastercard Inc Class A 6.6%

Value $107M Shares 456,007 Est. Cost $71.20 Unrealized +191.0%

V Visa Inc Cl A 5.6%

Value $91.59M Shares 586,430 Est. Cost $58.14 Unrealized +136.3%

FAST Fastenal Co 5.6%

Value $91.15M Shares 1,417,334 Est. Cost $8.01 Unrealized +57.7%

ORLY O'Reilly Automotive Inc 5.4%

Value $88.22M Shares 227,201 Est. Cost $13.34 Unrealized +81.3%

EXPD Expeditors International of Washington 5.0%

Value $82.41M Shares 1,085,709 Est. Cost $37.63 Unrealized +76.4%

CMI Cummins Inc 5.0%

Value $81.83M Shares 518,344 Est. Cost $84.91 Unrealized +48.1%

GS Goldman Sachs Group Inc 4.9%

Value $80.46M Shares 419,099 Est. Cost $122.21 Unrealized +34.3%

STRA Strategic Education Inc 4.0%

Value $65.84M Shares 501,445 Est. Cost $106.05 Unrealized -4.4%

ROST Ross Stores Inc 4.0%

Value $65.51M Shares 703,666 Est. Cost $46.31 Unrealized +85.0%

UNP Union Pacific Corporation 3.2%

Value $52.91M Shares 316,468 Est. Cost $69.44 Unrealized +98.9%

YUM YUM! Brands Inc 2.8%

Value $45.26M Shares 453,457 Est. Cost $42.96 Unrealized +94.3%

NVR NVR Inc 2.4%

Value $38.94M Shares 14,074 Est. Cost $1065.92 Unrealized +146.9%

WAT Waters Corp 0.8%

Value $13.67M Shares 54,326 Est. Cost $103.09 Unrealized +121.0%

VGSH Vanguard Scottsdale Fds 0.2%

Value $3.448M Shares 57,067 Est. Cost $60.13 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	1,057,874	$192M	11.7%	$81.86	+89.3%	—	615369105
CMG	Chipotle Mexican Grill Cl A	226,502	$161M	9.8%	$7.49	+54.9%	—	169656105
ACGL	Arch Capital Group Ltd	4,406,381	$142M	8.7%	$22.89	+26.5%	—	G0450A105
AZO	Autozone Inc.	119,568	$122M	7.5%	$601.04	+49.3%	—	053332102
DE	Deere & Co.	683,348	$109M	6.7%	$71.03	+103.5%	—	244199105
MA	Mastercard Inc Class A	456,007	$107M	6.6%	$71.20	+191.0%	—	57636Q104
V	Visa Inc Cl A	586,430	$91.59M	5.6%	$58.14	+136.3%	—	92826C839
FAST	Fastenal Co	1,417,334	$91.15M	5.6%	$8.01	+57.7%	—	311900104
ORLY	O'Reilly Automotive Inc	227,201	$88.22M	5.4%	$13.34	+81.3%	—	67103H107
EXPD	Expeditors International of Washington	1,085,709	$82.41M	5.0%	$37.63	+76.4%	—	302130109
CMI	Cummins Inc	518,344	$81.83M	5.0%	$84.91	+48.1%	—	231021106
GS	Goldman Sachs Group Inc	419,099	$80.46M	4.9%	$122.21	+34.3%	—	38141G104
STRA	Strategic Education Inc	501,445	$65.84M	4.0%	$106.05	-4.4%	—	86272C103
ROST	Ross Stores Inc	703,666	$65.51M	4.0%	$46.31	+85.0%	—	778296103
UNP	Union Pacific Corporation	316,468	$52.91M	3.2%	$69.44	+98.9%	—	907818108
YUM	YUM! Brands Inc	453,457	$45.26M	2.8%	$42.96	+94.3%	—	988498101
NVR	NVR Inc	14,074	$38.94M	2.4%	$1065.92	+146.9%	—	62944T105
WAT	Waters Corp	54,326	$13.67M	0.8%	$103.09	+121.0%	—	941848103
VGSH	Vanguard Scottsdale Fds	57,067	$3.448M	0.2%	$60.13	—	—	92206C102