MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q3 2020 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value ($000): $2,081,880

Holdings (20)

MCO Moody's Corp. 9.1%

Value ($000) $189,249 Shares 652,920 Est. Cost $91.73 Unrealized +197.5%

CMI Cummins Inc 8.6%

Value ($000) $179,922 Shares 852,064 Est. Cost $105.84 Unrealized +65.2%

DE Deere & Co. 8.4%

Value ($000) $174,002 Shares 785,100 Est. Cost $82.98 Unrealized +116.7%

AZO Autozone Inc. 8.2%

Value ($000) $171,095 Shares 145,286 Est. Cost $701.14 Unrealized +68.5%

MA Mastercard Inc Class A 7.7%

Value ($000) $160,955 Shares 475,959 Est. Cost $87.07 Unrealized +262.6%

ACGL Arch Capital Group Ltd 7.7%

Value ($000) $160,867 Shares 5,499,729 Est. Cost $25.88 Unrealized +12.0%

V Visa Inc Cl A 7.0%

Value ($000) $146,370 Shares 731,959 Est. Cost $83.92 Unrealized +129.0%

GS Goldman Sachs Group Inc 6.5%

Value ($000) $135,141 Shares 672,442 Est. Cost $145.64 Unrealized +22.9%

ROST Ross Stores Inc 6.0%

Value ($000) $125,072 Shares 1,340,246 Est. Cost $73.05 Unrealized +16.2%

EXPD Expeditors International of Washington 5.8%

Value ($000) $120,025 Shares 1,325,950 Est. Cost $43.60 Unrealized +83.4%

ORLY O'Reilly Automotive Inc 5.5%

Value ($000) $114,576 Shares 248,494 Est. Cost $15.06 Unrealized +101.8%

CMG Chipotle Mexican Grill Cl A 3.9%

Value ($000) $80,208 Shares 64,491 Est. Cost $10.77 Unrealized +123.7%

STRA Strategic Education Inc 3.8%

Value ($000) $79,804 Shares 872,465 Est. Cost $104.73 Unrealized -1.4%

FAST Fastenal Co 3.6%

Value ($000) $74,822 Shares 1,659,398 Est. Cost $11.30 Unrealized +77.5%

UNP Union Pacific Corporation 3.3%

Value ($000) $68,115 Shares 345,990 Est. Cost $77.14 Unrealized +113.7%

NVR NVR Inc 3.0%

Value ($000) $61,749 Shares 15,123 Est. Cost $1283.17 Unrealized +200.8%

TJX TJX Companies Inc 1.0%

Value ($000) $21,023 Shares 377,772 Est. Cost $53.34 Unrealized -6.2%

WAT Waters Corp 0.6%

Value ($000) $11,551 Shares 59,032 Est. Cost $115.50 Unrealized +79.9%

VGSH Vanguard Scottsdale Fds 0.3%

Value ($000) $5,698 Shares 91,764 Est. Cost $61.17 Unrealized —

BIL SPDR Ser Tr 0.1%

Value ($000) $1,636 Shares 17,878 Est. Cost $91.56 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MCO	Moody's Corp.	652,920	$189,249	9.1%	$91.73	+197.5%	—	615369105
CMI	Cummins Inc	852,064	$179,922	8.6%	$105.84	+65.2%	—	231021106
DE	Deere & Co.	785,100	$174,002	8.4%	$82.98	+116.7%	—	244199105
AZO	Autozone Inc.	145,286	$171,095	8.2%	$701.14	+68.5%	—	053332102
MA	Mastercard Inc Class A	475,959	$160,955	7.7%	$87.07	+262.6%	—	57636Q104
ACGL	Arch Capital Group Ltd	5,499,729	$160,867	7.7%	$25.88	+12.0%	—	G0450A105
V	Visa Inc Cl A	731,959	$146,370	7.0%	$83.92	+129.0%	—	92826C839
GS	Goldman Sachs Group Inc	672,442	$135,141	6.5%	$145.64	+22.9%	—	38141G104
ROST	Ross Stores Inc	1,340,246	$125,072	6.0%	$73.05	+16.2%	—	778296103
EXPD	Expeditors International of Washington	1,325,950	$120,025	5.8%	$43.60	+83.4%	—	302130109
ORLY	O'Reilly Automotive Inc	248,494	$114,576	5.5%	$15.06	+101.8%	—	67103H107
CMG	Chipotle Mexican Grill Cl A	64,491	$80,208	3.9%	$10.77	+123.7%	—	169656105
STRA	Strategic Education Inc	872,465	$79,804	3.8%	$104.73	-1.4%	—	86272C103
FAST	Fastenal Co	1,659,398	$74,822	3.6%	$11.30	+77.5%	—	311900104
UNP	Union Pacific Corporation	345,990	$68,115	3.3%	$77.14	+113.7%	—	907818108
NVR	NVR Inc	15,123	$61,749	3.0%	$1283.17	+200.8%	—	62944T105
TJX	TJX Companies Inc	377,772	$21,023	1.0%	$53.34	-6.2%	—	872540109
WAT	Waters Corp	59,032	$11,551	0.6%	$115.50	+79.9%	—	941848103
VGSH	Vanguard Scottsdale Fds	91,764	$5,698	0.3%	$61.17	—	—	92206C102
BIL	SPDR Ser Tr	17,878	$1,636	0.1%	$91.56	—	—	78468R663