MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value ($000): $1,623,323

Holdings (20)

MCO Moody's Corp. 9.7%

Value ($000) $156,682 Shares 740,812 Est. Cost $91.73 Unrealized +152.2%

ACGL Arch Capital Group Ltd 9.3%

Value ($000) $150,820 Shares 5,299,368 Est. Cost $25.81 Unrealized +49.3%

AZO Autozone Inc. 7.6%

Value ($000) $123,659 Shares 146,169 Est. Cost $701.14 Unrealized +48.2%

V Visa Inc Cl A 7.3%

Value ($000) $118,149 Shares 733,298 Est. Cost $83.92 Unrealized +115.3%

ROST Ross Stores Inc 7.2%

Value ($000) $117,553 Shares 1,351,646 Est. Cost $73.05 Unrealized +37.9%

CMI Cummins Inc 7.1%

Value ($000) $116,022 Shares 857,393 Est. Cost $105.84 Unrealized +27.3%

MA Mastercard Inc Class A 7.1%

Value ($000) $115,880 Shares 479,717 Est. Cost $87.07 Unrealized +230.6%

DE Deere & Co. 6.7%

Value ($000) $108,936 Shares 788,475 Est. Cost $82.98 Unrealized +75.6%

GS Goldman Sachs Group Inc 6.0%

Value ($000) $97,499 Shares 630,692 Est. Cost $143.78 Unrealized +28.3%

FAST Fastenal Co 5.9%

Value ($000) $95,307 Shares 3,049,839 Est. Cost $11.30 Unrealized +34.2%

CMG Chipotle Mexican Grill Cl A 5.6%

Value ($000) $91,210 Shares 139,379 Est. Cost $10.77 Unrealized +46.7%

EXPD Expeditors International of Washington 5.5%

Value ($000) $88,980 Shares 1,333,641 Est. Cost $43.60 Unrealized +52.5%

ORLY O'Reilly Automotive Inc 4.6%

Value ($000) $74,901 Shares 248,800 Est. Cost $15.06 Unrealized +69.7%

UNP Union Pacific Corporation 3.0%

Value ($000) $48,816 Shares 346,112 Est. Cost $77.14 Unrealized +88.0%

STRA Strategic Education Inc 2.9%

Value ($000) $47,653 Shares 340,964 Est. Cost $107.03 Unrealized +20.4%

NVR NVR Inc 2.4%

Value ($000) $38,937 Shares 15,156 Est. Cost $1283.17 Unrealized +179.5%

TJX TJX Companies Inc 1.1%

Value ($000) $18,035 Shares 377,232 Est. Cost $53.34 Unrealized 0.0%

WAT Waters Corp 0.7%

Value ($000) $10,687 Shares 58,701 Est. Cost $115.50 Unrealized +82.6%

VGSH Vanguard Scottsdale Fds 0.2%

Value ($000) $2,846 Shares 45,648 Est. Cost $60.24 Unrealized —

BIL SPDR Ser Tr 0.0%

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

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	740,812	$156,682	9.7%	$91.73	+152.2%	—	615369105
ACGL	Arch Capital Group Ltd	5,299,368	$150,820	9.3%	$25.81	+49.3%	—	G0450A105
AZO	Autozone Inc.	146,169	$123,659	7.6%	$701.14	+48.2%	—	053332102
V	Visa Inc Cl A	733,298	$118,149	7.3%	$83.92	+115.3%	—	92826C839
ROST	Ross Stores Inc	1,351,646	$117,553	7.2%	$73.05	+37.9%	—	778296103
CMI	Cummins Inc	857,393	$116,022	7.1%	$105.84	+27.3%	—	231021106
MA	Mastercard Inc Class A	479,717	$115,880	7.1%	$87.07	+230.6%	—	57636Q104
DE	Deere & Co.	788,475	$108,936	6.7%	$82.98	+75.6%	—	244199105
GS	Goldman Sachs Group Inc	630,692	$97,499	6.0%	$143.78	+28.3%	—	38141G104
FAST	Fastenal Co	3,049,839	$95,307	5.9%	$11.30	+34.2%	—	311900104
CMG	Chipotle Mexican Grill Cl A	139,379	$91,210	5.6%	$10.77	+46.7%	—	169656105
EXPD	Expeditors International of Washington	1,333,641	$88,980	5.5%	$43.60	+52.5%	—	302130109
ORLY	O'Reilly Automotive Inc	248,800	$74,901	4.6%	$15.06	+69.7%	—	67103H107
UNP	Union Pacific Corporation	346,112	$48,816	3.0%	$77.14	+88.0%	—	907818108
STRA	Strategic Education Inc	340,964	$47,653	2.9%	$107.03	+20.4%	—	86272C103
NVR	NVR Inc	15,156	$38,937	2.4%	$1283.17	+179.5%	—	62944T105
TJX	TJX Companies Inc	377,232	$18,035	1.1%	$53.34	0.0%	—	872540109
WAT	Waters Corp	58,701	$10,687	0.7%	$115.50	+82.6%	—	941848103
VGSH	Vanguard Scottsdale Fds	45,648	$2,846	0.2%	$60.24	—	—	92206C102
BIL	SPDR Ser Tr	8,200	$751	0.0%	$91.61	—	—	78468R663