MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $2.146B (100.0% shares, 0.0% debt)

Holdings (19)

DE Deere & Co. 9.4%

Value $202M Shares 751,396 Share Price $269.05 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 8.9%

Value $191M Shares 5,292,308 Share Price $36.07 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 8.6%

Value $185M Shares 816,218 Share Price $227.10 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 8.5%

Value $182M Shares 625,493 Share Price $290.24 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 8.0%

Value $171M Shares 648,069 Share Price $263.71 Est. Cost/Share — Unrealized @ Report Date —

AZO Autozone Inc. 7.7%

Value $166M Shares 140,181 Share Price $1185.44 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 7.6%

Value $163M Shares 456,506 Share Price $356.94 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 7.4%

Value $160M Shares 1,299,764 Share Price $122.81 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 7.2%

Value $155M Shares 709,122 Share Price $218.73 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 5.7%

Value $122M Shares 1,279,906 Share Price $95.11 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 5.1%

Value $110M Shares 243,996 Share Price $452.57 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 3.8%

Value $81.06M Shares 850,282 Share Price $95.33 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 3.6%

Value $78.28M Shares 1,603,199 Share Price $48.83 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 3.3%

Value $71.03M Shares 341,130 Share Price $208.22 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 2.8%

Value $60.27M Shares 14,773 Share Price $4079.88 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 1.2%

Value $25.65M Shares 375,637 Share Price $68.29 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 0.7%

Value $14.22M Shares 57,476 Share Price $247.43 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.3%

Value $6.157M Shares 99,947 Share Price $61.60 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.1%

Value $2.361M Shares 25,799 Share Price $91.52 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
DE	Deere & Co.	751,396	$202M	9.4%	$269.05	—	—	COM	244199105
ACGL	Arch Capital Group Ltd	5,292,308	$191M	8.9%	$36.07	—	—	COM	G0450A105
CMI	Cummins Inc	816,218	$185M	8.6%	$227.10	—	—	COM	231021106
MCO	Moody's Corp.	625,493	$182M	8.5%	$290.24	—	—	COM	615369105
GS	Goldman Sachs Group Inc	648,069	$171M	8.0%	$263.71	—	—	COM	38141G104
AZO	Autozone Inc.	140,181	$166M	7.7%	$1185.44	—	—	COM	053332102
MA	Mastercard Inc Class A	456,506	$163M	7.6%	$356.94	—	—	COM	57636Q104
ROST	Ross Stores Inc	1,299,764	$160M	7.4%	$122.81	—	—	COM	778296103
V	Visa Inc Cl A	709,122	$155M	7.2%	$218.73	—	—	COM	92826C839
EXPD	Expeditors International of Washington	1,279,906	$122M	5.7%	$95.11	—	—	COM	302130109
ORLY	O'Reilly Automotive Inc	243,996	$110M	5.1%	$452.57	—	—	COM	67103H107
STRA	Strategic Education Inc	850,282	$81.06M	3.8%	$95.33	—	—	COM	86272C103
FAST	Fastenal Co	1,603,199	$78.28M	3.6%	$48.83	—	—	COM	311900104
UNP	Union Pacific Corporation	341,130	$71.03M	3.3%	$208.22	—	—	COM	907818108
NVR	NVR Inc	14,773	$60.27M	2.8%	$4079.88	—	—	COM	62944T105
TJX	TJX Companies Inc	375,637	$25.65M	1.2%	$68.29	—	—	COM	872540109
WAT	Waters Corp	57,476	$14.22M	0.7%	$247.43	—	—	COM	941848103
VGSH	Vanguard Scottsdale Fds	99,947	$6.157M	0.3%	$61.60	—	—	Short Term Treas	92206C102
BIL	SPDR Ser Tr	25,799	$2.361M	0.1%	$91.52	—	—	Bloomberg 1-3 Mo	78468R663