MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q3 2020 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $2.082B (100.0% shares, 0.0% debt)

Holdings (20)

MCO Moody's Corp. 9.1%

Value $189M Shares 652,920 Share Price $289.85 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 8.6%

Value $180M Shares 852,064 Share Price $211.16 Est. Cost/Share — Unrealized @ Report Date —

DE Deere & Co. 8.4%

Value $174M Shares 785,100 Share Price $221.63 Est. Cost/Share — Unrealized @ Report Date —

AZO Autozone Inc. 8.2%

Value $171M Shares 145,286 Share Price $1177.64 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 7.7%

Value $161M Shares 475,959 Share Price $338.17 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 7.7%

Value $161M Shares 5,499,729 Share Price $29.25 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 7.0%

Value $146M Shares 731,959 Share Price $199.97 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 6.5%

Value $135M Shares 672,442 Share Price $200.97 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 6.0%

Value $125M Shares 1,340,246 Share Price $93.32 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 5.8%

Value $120M Shares 1,325,950 Share Price $90.52 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 5.5%

Value $115M Shares 248,494 Share Price $461.08 Est. Cost/Share — Unrealized @ Report Date —

CMG Chipotle Mexican Grill Cl A 3.9%

Value $80.21M Shares 64,491 Share Price $1243.71 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 3.8%

Value $79.8M Shares 872,465 Share Price $91.47 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 3.6%

Value $74.82M Shares 1,659,398 Share Price $45.09 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 3.3%

Value $68.11M Shares 345,990 Share Price $196.87 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 3.0%

Value $61.75M Shares 15,123 Share Price $4083.12 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 1.0%

Value $21.02M Shares 377,772 Share Price $55.65 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 0.6%

Value $11.55M Shares 59,032 Share Price $195.67 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.3%

Value $5.698M Shares 91,764 Share Price $62.09 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.1%

Value $1.636M Shares 17,878 Share Price $91.52 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
MCO	Moody's Corp.	652,920	$189M	9.1%	$289.85	—	—	COM	615369105
CMI	Cummins Inc	852,064	$180M	8.6%	$211.16	—	—	COM	231021106
DE	Deere & Co.	785,100	$174M	8.4%	$221.63	—	—	COM	244199105
AZO	Autozone Inc.	145,286	$171M	8.2%	$1177.64	—	—	COM	053332102
MA	Mastercard Inc Class A	475,959	$161M	7.7%	$338.17	—	—	COM	57636Q104
ACGL	Arch Capital Group Ltd	5,499,729	$161M	7.7%	$29.25	—	—	COM	G0450A105
V	Visa Inc Cl A	731,959	$146M	7.0%	$199.97	—	—	COM	92826C839
GS	Goldman Sachs Group Inc	672,442	$135M	6.5%	$200.97	—	—	COM	38141G104
ROST	Ross Stores Inc	1,340,246	$125M	6.0%	$93.32	—	—	COM	778296103
EXPD	Expeditors International of Washington	1,325,950	$120M	5.8%	$90.52	—	—	COM	302130109
ORLY	O'Reilly Automotive Inc	248,494	$115M	5.5%	$461.08	—	—	COM	67103H107
CMG	Chipotle Mexican Grill Cl A	64,491	$80.21M	3.9%	$1243.71	—	—	COM	169656105
STRA	Strategic Education Inc	872,465	$79.8M	3.8%	$91.47	—	—	COM	86272C103
FAST	Fastenal Co	1,659,398	$74.82M	3.6%	$45.09	—	—	COM	311900104
UNP	Union Pacific Corporation	345,990	$68.11M	3.3%	$196.87	—	—	COM	907818108
NVR	NVR Inc	15,123	$61.75M	3.0%	$4083.12	—	—	COM	62944T105
TJX	TJX Companies Inc	377,772	$21.02M	1.0%	$55.65	—	—	COM	872540109
WAT	Waters Corp	59,032	$11.55M	0.6%	$195.67	—	—	COM	941848103
VGSH	Vanguard Scottsdale Fds	91,764	$5.698M	0.3%	$62.09	—	—	Short Term Treas	92206C102
BIL	SPDR Ser Tr	17,878	$1.636M	0.1%	$91.52	—	—	Bloomberg 1-3 Mo	78468R663