MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q2 2020 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value ($000): $1,927,795

Holdings (20)

MCO Moody's Corp. 9.4%

Value ($000) $180,735 Shares 657,864 Est. Cost $91.73 Unrealized +164.3%

AZO Autozone Inc. 8.5%

Value ($000) $164,812 Shares 146,094 Est. Cost $701.14 Unrealized +50.3%

ACGL Arch Capital Group Ltd 8.0%

Value ($000) $154,849 Shares 5,404,862 Est. Cost $25.82 Unrealized +1.8%

CMI Cummins Inc 7.7%

Value ($000) $148,816 Shares 858,918 Est. Cost $105.84 Unrealized +31.6%

CMG Chipotle Mexican Grill Cl A 7.6%

Value ($000) $146,665 Shares 139,368 Est. Cost $10.77 Unrealized +71.8%

V Visa Inc Cl A 7.4%

Value ($000) $142,517 Shares 737,782 Est. Cost $83.92 Unrealized +109.2%

MA Mastercard Inc Class A 7.4%

Value ($000) $141,954 Shares 480,060 Est. Cost $87.07 Unrealized +213.9%

GS Goldman Sachs Group Inc 6.6%

Value ($000) $127,509 Shares 645,225 Est. Cost $144.23 Unrealized +13.8%

DE Deere & Co. 6.5%

Value ($000) $124,467 Shares 792,029 Est. Cost $82.98 Unrealized +61.8%

ROST Ross Stores Inc 6.0%

Value ($000) $114,833 Shares 1,347,177 Est. Cost $73.05 Unrealized +17.3%

ORLY O'Reilly Automotive Inc 5.5%

Value ($000) $105,278 Shares 249,670 Est. Cost $15.06 Unrealized +73.5%

EXPD Expeditors International of Washington 5.3%

Value ($000) $101,624 Shares 1,336,454 Est. Cost $43.60 Unrealized +56.6%

FAST Fastenal Co 4.1%

Value ($000) $79,553 Shares 1,856,976 Est. Cost $11.30 Unrealized +46.8%

UNP Union Pacific Corporation 3.1%

Value ($000) $58,867 Shares 348,180 Est. Cost $77.14 Unrealized +83.4%

STRA Strategic Education Inc 2.7%

Value ($000) $52,365 Shares 340,805 Est. Cost $107.03 Unrealized +23.4%

NVR NVR Inc 2.6%

Value ($000) $49,582 Shares 15,215 Est. Cost $1283.17 Unrealized +138.9%

TJX TJX Companies Inc 1.0%

Value ($000) $19,178 Shares 379,315 Est. Cost $53.34 Unrealized -12.6%

WAT Waters Corp 0.6%

Value ($000) $10,669 Shares 59,143 Est. Cost $115.50 Unrealized +63.6%

VGSH Vanguard Scottsdale Fds 0.1%

Value ($000) $2,832 Shares 45,528 Est. Cost $60.24 Unrealized —

BIL SPDR Ser Tr 0.0%

Value ($000) $690 Shares 7,540 Est. Cost $91.61 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	657,864	$180,735	9.4%	$91.73	+164.3%	—	615369105
AZO	Autozone Inc.	146,094	$164,812	8.5%	$701.14	+50.3%	—	053332102
ACGL	Arch Capital Group Ltd	5,404,862	$154,849	8.0%	$25.82	+1.8%	—	G0450A105
CMI	Cummins Inc	858,918	$148,816	7.7%	$105.84	+31.6%	—	231021106
CMG	Chipotle Mexican Grill Cl A	139,368	$146,665	7.6%	$10.77	+71.8%	—	169656105
V	Visa Inc Cl A	737,782	$142,517	7.4%	$83.92	+109.2%	—	92826C839
MA	Mastercard Inc Class A	480,060	$141,954	7.4%	$87.07	+213.9%	—	57636Q104
GS	Goldman Sachs Group Inc	645,225	$127,509	6.6%	$144.23	+13.8%	—	38141G104
DE	Deere & Co.	792,029	$124,467	6.5%	$82.98	+61.8%	—	244199105
ROST	Ross Stores Inc	1,347,177	$114,833	6.0%	$73.05	+17.3%	—	778296103
ORLY	O'Reilly Automotive Inc	249,670	$105,278	5.5%	$15.06	+73.5%	—	67103H107
EXPD	Expeditors International of Washington	1,336,454	$101,624	5.3%	$43.60	+56.6%	—	302130109
FAST	Fastenal Co	1,856,976	$79,553	4.1%	$11.30	+46.8%	—	311900104
UNP	Union Pacific Corporation	348,180	$58,867	3.1%	$77.14	+83.4%	—	907818108
STRA	Strategic Education Inc	340,805	$52,365	2.7%	$107.03	+23.4%	—	86272C103
NVR	NVR Inc	15,215	$49,582	2.6%	$1283.17	+138.9%	—	62944T105
TJX	TJX Companies Inc	379,315	$19,178	1.0%	$53.34	-12.6%	—	872540109
WAT	Waters Corp	59,143	$10,669	0.6%	$115.50	+63.6%	—	941848103
VGSH	Vanguard Scottsdale Fds	45,528	$2,832	0.1%	$60.24	—	—	92206C102
BIL	SPDR Ser Tr	7,540	$690	0.0%	$91.61	—	—	78468R663