MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q4 2020 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value ($000): $2,145,907

Holdings (19)

DE Deere & Co. 9.4%

Value ($000) $202,163 Shares 751,396 Est. Cost $82.98 Unrealized +179.7%

ACGL Arch Capital Group Ltd 8.9%

Value ($000) $190,894 Shares 5,292,308 Est. Cost $25.88 Unrealized +20.6%

CMI Cummins Inc 8.6%

Value ($000) $185,363 Shares 816,218 Est. Cost $105.84 Unrealized +87.3%

MCO Moody's Corp. 8.5%

Value ($000) $181,543 Shares 625,493 Est. Cost $91.73 Unrealized +192.1%

GS Goldman Sachs Group Inc 8.0%

Value ($000) $170,902 Shares 648,069 Est. Cost $145.64 Unrealized +35.3%

AZO Autozone Inc. 7.7%

Value ($000) $166,176 Shares 140,181 Est. Cost $701.14 Unrealized +65.2%

MA Mastercard Inc Class A 7.6%

Value ($000) $162,945 Shares 456,506 Est. Cost $87.07 Unrealized +271.4%

ROST Ross Stores Inc 7.4%

Value ($000) $159,624 Shares 1,299,764 Est. Cost $73.05 Unrealized +35.7%

V Visa Inc Cl A 7.2%

Value ($000) $155,106 Shares 709,122 Est. Cost $83.92 Unrealized +135.0%

EXPD Expeditors International of Washington 5.7%

Value ($000) $121,732 Shares 1,279,906 Est. Cost $43.60 Unrealized +96.6%

ORLY O'Reilly Automotive Inc 5.1%

Value ($000) $110,425 Shares 243,996 Est. Cost $15.06 Unrealized +100.4%

STRA Strategic Education Inc 3.8%

Value ($000) $81,057 Shares 850,282 Est. Cost $104.73 Unrealized -24.1%

FAST Fastenal Co 3.6%

Value ($000) $78,284 Shares 1,603,199 Est. Cost $11.30 Unrealized +83.4%

UNP Union Pacific Corporation 3.3%

Value ($000) $71,030 Shares 341,130 Est. Cost $77.14 Unrealized +130.8%

NVR NVR Inc 2.8%

Value ($000) $60,272 Shares 14,773 Est. Cost $1283.17 Unrealized +224.0%

TJX TJX Companies Inc 1.2%

Value ($000) $25,652 Shares 375,637 Est. Cost $53.34 Unrealized +5.9%

WAT Waters Corp 0.7%

Value ($000) $14,221 Shares 57,476 Est. Cost $115.50 Unrealized +96.2%

VGSH Vanguard Scottsdale Fds 0.3%

Value ($000) $6,157 Shares 99,947 Est. Cost $61.21 Unrealized —

BIL SPDR Ser Tr 0.1%

Value ($000) $2,361 Shares 25,799 Est. Cost $91.55 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DE	Deere & Co.	751,396	$202,163	9.4%	$82.98	+179.7%	—	244199105
ACGL	Arch Capital Group Ltd	5,292,308	$190,894	8.9%	$25.88	+20.6%	—	G0450A105
CMI	Cummins Inc	816,218	$185,363	8.6%	$105.84	+87.3%	—	231021106
MCO	Moody's Corp.	625,493	$181,543	8.5%	$91.73	+192.1%	—	615369105
GS	Goldman Sachs Group Inc	648,069	$170,902	8.0%	$145.64	+35.3%	—	38141G104
AZO	Autozone Inc.	140,181	$166,176	7.7%	$701.14	+65.2%	—	053332102
MA	Mastercard Inc Class A	456,506	$162,945	7.6%	$87.07	+271.4%	—	57636Q104
ROST	Ross Stores Inc	1,299,764	$159,624	7.4%	$73.05	+35.7%	—	778296103
V	Visa Inc Cl A	709,122	$155,106	7.2%	$83.92	+135.0%	—	92826C839
EXPD	Expeditors International of Washington	1,279,906	$121,732	5.7%	$43.60	+96.6%	—	302130109
ORLY	O'Reilly Automotive Inc	243,996	$110,425	5.1%	$15.06	+100.4%	—	67103H107
STRA	Strategic Education Inc	850,282	$81,057	3.8%	$104.73	-24.1%	—	86272C103
FAST	Fastenal Co	1,603,199	$78,284	3.6%	$11.30	+83.4%	—	311900104
UNP	Union Pacific Corporation	341,130	$71,030	3.3%	$77.14	+130.8%	—	907818108
NVR	NVR Inc	14,773	$60,272	2.8%	$1283.17	+224.0%	—	62944T105
TJX	TJX Companies Inc	375,637	$25,652	1.2%	$53.34	+5.9%	—	872540109
WAT	Waters Corp	57,476	$14,221	0.7%	$115.50	+96.2%	—	941848103
VGSH	Vanguard Scottsdale Fds	99,947	$6,157	0.3%	$61.21	—	—	92206C102
BIL	SPDR Ser Tr	25,799	$2,361	0.1%	$91.55	—	—	78468R663