MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q4 2019 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $1.918B (100.0% shares, 0.0% debt)

Holdings (19)

MCO Moody's Corp. 13.8%

Value $266M Shares 1,118,532 Share Price $237.41 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 11.2%

Value $215M Shares 5,019,251 Share Price $42.89 Est. Cost/Share — Unrealized @ Report Date —

AZO Autozone Inc. 8.4%

Value $162M Shares 135,737 Share Price $1191.31 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 7.5%

Value $144M Shares 482,421 Share Price $298.59 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 6.6%

Value $126M Shares 727,155 Share Price $173.26 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 6.1%

Value $117M Shares 623,802 Share Price $187.90 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 5.9%

Value $113M Shares 3,057,739 Share Price $36.95 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 5.8%

Value $110M Shares 479,819 Share Price $229.93 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 5.7%

Value $109M Shares 249,682 Share Price $438.26 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 5.2%

Value $99.92M Shares 558,363 Share Price $178.96 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 4.8%

Value $91.71M Shares 1,175,505 Share Price $78.02 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 4.5%

Value $87.09M Shares 748,076 Share Price $116.42 Est. Cost/Share — Unrealized @ Report Date —

CMG Chipotle Mexican Grill Cl A 4.4%

Value $83.91M Shares 100,234 Share Price $837.11 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 3.3%

Value $62.51M Shares 345,774 Share Price $180.79 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 3.0%

Value $57.77M Shares 15,169 Share Price $3808.43 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 2.8%

Value $54.22M Shares 341,229 Share Price $158.90 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 0.7%

Value $13.78M Shares 58,988 Share Price $233.66 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.2%

Value $3.647M Shares 59,955 Share Price $60.83 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.0%

Value $750K Shares 8,200 Share Price $91.43 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MCO	Moody's Corp.	1,118,532	$266M	13.8%	$237.41	—	—	COM	615369105
ACGL	Arch Capital Group Ltd	5,019,251	$215M	11.2%	$42.89	—	—	COM	G0450A105
AZO	Autozone Inc.	135,737	$162M	8.4%	$1191.31	—	—	COM	053332102
MA	Mastercard Inc Class A	482,421	$144M	7.5%	$298.59	—	—	COM	57636Q104
DE	Deere & Co.	727,155	$126M	6.6%	$173.26	—	—	COM	244199105
V	Visa Inc Cl A	623,802	$117M	6.1%	$187.90	—	—	COM	92826C839
FAST	Fastenal Co	3,057,739	$113M	5.9%	$36.95	—	—	COM	311900104
GS	Goldman Sachs Group Inc	479,819	$110M	5.8%	$229.93	—	—	COM	38141G104
ORLY	O'Reilly Automotive Inc	249,682	$109M	5.7%	$438.26	—	—	COM	67103H107
CMI	Cummins Inc	558,363	$99.92M	5.2%	$178.96	—	—	COM	231021106
EXPD	Expeditors International of Washington	1,175,505	$91.71M	4.8%	$78.02	—	—	COM	302130109
ROST	Ross Stores Inc	748,076	$87.09M	4.5%	$116.42	—	—	COM	778296103
CMG	Chipotle Mexican Grill Cl A	100,234	$83.91M	4.4%	$837.11	—	—	COM	169656105
UNP	Union Pacific Corporation	345,774	$62.51M	3.3%	$180.79	—	—	COM	907818108
NVR	NVR Inc	15,169	$57.77M	3.0%	$3808.43	—	—	COM	62944T105
STRA	Strategic Education Inc	341,229	$54.22M	2.8%	$158.90	—	—	COM	86272C103
WAT	Waters Corp	58,988	$13.78M	0.7%	$233.66	—	—	COM	941848103
VGSH	Vanguard Scottsdale Fds	59,955	$3.647M	0.2%	$60.83	—	—	Short Term Treas	92206C102
BIL	SPDR Ser Tr	8,200	$750K	0.0%	$91.43	—	—	Bloomberg 1-3 Mo	78468R663