MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q2 2019 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value ($000): $1,565,061

Holdings (20)

MCO Moody's Corp. 13.0%

Value ($000) $202,845 Shares 1,038,579 Est. Cost $81.86 Unrealized +119.2%

ACGL Arch Capital Group Ltd 10.3%

Value ($000) $161,670 Shares 4,360,020 Est. Cost $22.89 Unrealized +41.7%

AZO Autozone Inc. 8.3%

Value ($000) $129,267 Shares 117,572 Est. Cost $601.04 Unrealized +75.1%

MA Mastercard Inc Class A 7.5%

Value ($000) $117,953 Shares 445,896 Est. Cost $71.20 Unrealized +239.0%

DE Deere & Co. 7.1%

Value ($000) $111,465 Shares 672,650 Est. Cost $71.03 Unrealized +99.1%

V Visa Inc Cl A 6.4%

Value ($000) $99,989 Shares 576,141 Est. Cost $58.14 Unrealized +168.9%

FAST Fastenal Co 5.8%

Value ($000) $90,939 Shares 2,790,409 Est. Cost $10.93 Unrealized +27.5%

CMI Cummins Inc 5.6%

Value ($000) $87,429 Shares 510,267 Est. Cost $84.91 Unrealized +62.7%

GS Goldman Sachs Group Inc 5.4%

Value ($000) $84,666 Shares 413,811 Est. Cost $122.21 Unrealized +38.4%

ORLY O'Reilly Automotive Inc 5.3%

Value ($000) $82,465 Shares 223,288 Est. Cost $13.34 Unrealized +89.9%

EXPD Expeditors International of Washington 5.2%

Value ($000) $80,934 Shares 1,066,882 Est. Cost $37.63 Unrealized +84.9%

ROST Ross Stores Inc 4.4%

Value ($000) $68,682 Shares 692,918 Est. Cost $46.31 Unrealized +97.1%

STRA Strategic Education Inc 4.4%

Value ($000) $68,535 Shares 385,028 Est. Cost $106.05 Unrealized +29.0%

CMG Chipotle Mexican Grill Cl A 4.0%

Value ($000) $62,457 Shares 85,222 Est. Cost $7.49 Unrealized +88.2%

UNP Union Pacific Corporation 3.4%

Value ($000) $52,716 Shares 311,727 Est. Cost $69.44 Unrealized +112.8%

NVR NVR Inc 3.0%

Value ($000) $46,749 Shares 13,871 Est. Cost $1065.92 Unrealized +200.9%

WAT Waters Corp 0.7%

Value ($000) $11,301 Shares 52,502 Est. Cost $103.09 Unrealized +112.0%

VGSH Vanguard Scottsdale Fds 0.3%

Value ($000) $4,033 Shares 66,187 Est. Cost $60.24 Unrealized —

BIL SPDR Ser Tr 0.0%

Value ($000) $751 Shares 8,200 Est. Cost $91.61 Unrealized —

YUM YUM! Brands Inc 0.0%

Value ($000) $215 Shares 1,943 Est. Cost $42.96 Unrealized +114.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	1,038,579	$202,845	13.0%	$81.86	+119.2%	—	615369105
ACGL	Arch Capital Group Ltd	4,360,020	$161,670	10.3%	$22.89	+41.7%	—	G0450A105
AZO	Autozone Inc.	117,572	$129,267	8.3%	$601.04	+75.1%	—	053332102
MA	Mastercard Inc Class A	445,896	$117,953	7.5%	$71.20	+239.0%	—	57636Q104
DE	Deere & Co.	672,650	$111,465	7.1%	$71.03	+99.1%	—	244199105
V	Visa Inc Cl A	576,141	$99,989	6.4%	$58.14	+168.9%	—	92826C839
FAST	Fastenal Co	2,790,409	$90,939	5.8%	$10.93	+27.5%	—	311900104
CMI	Cummins Inc	510,267	$87,429	5.6%	$84.91	+62.7%	—	231021106
GS	Goldman Sachs Group Inc	413,811	$84,666	5.4%	$122.21	+38.4%	—	38141G104
ORLY	O'Reilly Automotive Inc	223,288	$82,465	5.3%	$13.34	+89.9%	—	67103H107
EXPD	Expeditors International of Washington	1,066,882	$80,934	5.2%	$37.63	+84.9%	—	302130109
ROST	Ross Stores Inc	692,918	$68,682	4.4%	$46.31	+97.1%	—	778296103
STRA	Strategic Education Inc	385,028	$68,535	4.4%	$106.05	+29.0%	—	86272C103
CMG	Chipotle Mexican Grill Cl A	85,222	$62,457	4.0%	$7.49	+88.2%	—	169656105
UNP	Union Pacific Corporation	311,727	$52,716	3.4%	$69.44	+112.8%	—	907818108
NVR	NVR Inc	13,871	$46,749	3.0%	$1065.92	+200.9%	—	62944T105
WAT	Waters Corp	52,502	$11,301	0.7%	$103.09	+112.0%	—	941848103
VGSH	Vanguard Scottsdale Fds	66,187	$4,033	0.3%	$60.24	—	—	92206C102
BIL	SPDR Ser Tr	8,200	$751	0.0%	$91.61	—	—	78468R663
YUM	YUM! Brands Inc	1,943	$215	0.0%	$42.96	+114.0%	—	988498101