MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q2 2019 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $1.565B (100.0% shares, 0.0% debt)

Holdings (20)

MCO Moody's Corp. 13.0%

Value $203M Shares 1,038,579 Share Price $195.31 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 10.3%

Value $162M Shares 4,360,020 Share Price $37.08 Est. Cost/Share — Unrealized @ Report Date —

AZO Autozone Inc. 8.3%

Value $129M Shares 117,572 Share Price $1099.47 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 7.5%

Value $118M Shares 445,896 Share Price $264.53 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 7.1%

Value $111M Shares 672,650 Share Price $165.71 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 6.4%

Value $99.99M Shares 576,141 Share Price $173.55 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 5.8%

Value $90.94M Shares 2,790,409 Share Price $32.59 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 5.6%

Value $87.43M Shares 510,267 Share Price $171.34 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 5.4%

Value $84.67M Shares 413,811 Share Price $204.60 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 5.3%

Value $82.47M Shares 223,288 Share Price $369.32 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 5.2%

Value $80.93M Shares 1,066,882 Share Price $75.86 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 4.4%

Value $68.68M Shares 692,918 Share Price $99.12 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 4.4%

Value $68.53M Shares 385,028 Share Price $178.00 Est. Cost/Share — Unrealized @ Report Date —

CMG Chipotle Mexican Grill Cl A 4.0%

Value $62.46M Shares 85,222 Share Price $732.87 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 3.4%

Value $52.72M Shares 311,727 Share Price $169.11 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 3.0%

Value $46.75M Shares 13,871 Share Price $3370.27 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 0.7%

Value $11.3M Shares 52,502 Share Price $215.25 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.3%

Value $4.033M Shares 66,187 Share Price $60.93 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.0%

Value $751K Shares 8,200 Share Price $91.61 Est. Cost/Share — Unrealized @ Report Date —

YUM YUM! Brands Inc 0.0%

Value $215K Shares 1,943 Share Price $110.65 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MCO	Moody's Corp.	1,038,579	$203M	13.0%	$195.31	—	—	COM	615369105
ACGL	Arch Capital Group Ltd	4,360,020	$162M	10.3%	$37.08	—	—	COM	G0450A105
AZO	Autozone Inc.	117,572	$129M	8.3%	$1099.47	—	—	COM	053332102
MA	Mastercard Inc Class A	445,896	$118M	7.5%	$264.53	—	—	COM	57636Q104
DE	Deere & Co.	672,650	$111M	7.1%	$165.71	—	—	COM	244199105
V	Visa Inc Cl A	576,141	$99.99M	6.4%	$173.55	—	—	COM	92826C839
FAST	Fastenal Co	2,790,409	$90.94M	5.8%	$32.59	—	—	COM	311900104
CMI	Cummins Inc	510,267	$87.43M	5.6%	$171.34	—	—	COM	231021106
GS	Goldman Sachs Group Inc	413,811	$84.67M	5.4%	$204.60	—	—	COM	38141G104
ORLY	O'Reilly Automotive Inc	223,288	$82.47M	5.3%	$369.32	—	—	COM	67103H107
EXPD	Expeditors International of Washington	1,066,882	$80.93M	5.2%	$75.86	—	—	COM	302130109
ROST	Ross Stores Inc	692,918	$68.68M	4.4%	$99.12	—	—	COM	778296103
STRA	Strategic Education Inc	385,028	$68.53M	4.4%	$178.00	—	—	COM	86272C103
CMG	Chipotle Mexican Grill Cl A	85,222	$62.46M	4.0%	$732.87	—	—	COM	169656105
UNP	Union Pacific Corporation	311,727	$52.72M	3.4%	$169.11	—	—	COM	907818108
NVR	NVR Inc	13,871	$46.75M	3.0%	$3370.27	—	—	COM	62944T105
WAT	Waters Corp	52,502	$11.3M	0.7%	$215.25	—	—	COM	941848103
VGSH	Vanguard Scottsdale Fds	66,187	$4.033M	0.3%	$60.93	—	—	Short Term Treas	92206C102
BIL	SPDR Ser Tr	8,200	$751K	0.0%	$91.61	—	—	Bloomberg 1-3 Mo	78468R663
YUM	YUM! Brands Inc	1,943	$215K	0.0%	$110.65	—	—	COM	988498101