MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q1 2021 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value ($000): $2,134,647

Holdings (19)

GS Goldman Sachs Group Inc 9.8%

Value ($000) $208,904 Shares 638,849 Est. Cost $145.64 Unrealized +90.1%

CMI Cummins Inc 9.8%

Value ($000) $208,655 Shares 805,277 Est. Cost $105.84 Unrealized +109.6%

ACGL Arch Capital Group Ltd 9.4%

Value ($000) $201,177 Shares 5,243,086 Est. Cost $25.88 Unrealized +30.8%

AZO Autozone Inc. 9.1%

Value ($000) $194,369 Shares 138,410 Est. Cost $701.14 Unrealized +76.6%

MCO Moody's Corp. 8.7%

Value ($000) $184,714 Shares 618,579 Est. Cost $91.73 Unrealized +194.7%

MA Mastercard Inc Class A 7.5%

Value ($000) $160,892 Shares 451,879 Est. Cost $87.07 Unrealized +290.0%

ROST Ross Stores Inc 7.2%

Value ($000) $154,098 Shares 1,285,113 Est. Cost $73.05 Unrealized +53.6%

V Visa Inc Cl A 7.0%

Value ($000) $148,473 Shares 701,239 Est. Cost $83.92 Unrealized +142.1%

EXPD Expeditors International of Washington 6.4%

Value ($000) $136,282 Shares 1,265,504 Est. Cost $43.60 Unrealized +108.5%

ORLY O'Reilly Automotive Inc 5.7%

Value ($000) $122,566 Shares 241,628 Est. Cost $15.06 Unrealized +105.7%

FAST Fastenal Co 3.7%

Value ($000) $79,695 Shares 1,585,014 Est. Cost $11.30 Unrealized +88.3%

STRA Strategic Education Inc 3.7%

Value ($000) $78,155 Shares 850,337 Est. Cost $104.73 Unrealized -26.2%

UNP Union Pacific Corporation 3.5%

Value ($000) $74,389 Shares 337,501 Est. Cost $77.14 Unrealized +143.8%

NVR NVR Inc 3.2%

Value ($000) $68,954 Shares 14,637 Est. Cost $1283.17 Unrealized +249.7%

DE Deere & Co. 2.9%

Value ($000) $62,619 Shares 167,368 Est. Cost $82.98 Unrealized +270.6%

TJX TJX Companies Inc 1.1%

Value ($000) $24,513 Shares 370,569 Est. Cost $53.34 Unrealized +16.8%

WAT Waters Corp 0.8%

Value ($000) $16,315 Shares 57,413 Est. Cost $115.50 Unrealized +136.4%

VGSH Vanguard Scottsdale Fds 0.3%

Value ($000) $6,916 Shares 112,422 Est. Cost $61.24 Unrealized —

BIL SPDR Ser Tr 0.1%

Value ($000) $2,961 Shares 32,362 Est. Cost $91.54 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GS	Goldman Sachs Group Inc	638,849	$208,904	9.8%	$145.64	+90.1%	—	38141G104
CMI	Cummins Inc	805,277	$208,655	9.8%	$105.84	+109.6%	—	231021106
ACGL	Arch Capital Group Ltd	5,243,086	$201,177	9.4%	$25.88	+30.8%	—	G0450A105
AZO	Autozone Inc.	138,410	$194,369	9.1%	$701.14	+76.6%	—	053332102
MCO	Moody's Corp.	618,579	$184,714	8.7%	$91.73	+194.7%	—	615369105
MA	Mastercard Inc Class A	451,879	$160,892	7.5%	$87.07	+290.0%	—	57636Q104
ROST	Ross Stores Inc	1,285,113	$154,098	7.2%	$73.05	+53.6%	—	778296103
V	Visa Inc Cl A	701,239	$148,473	7.0%	$83.92	+142.1%	—	92826C839
EXPD	Expeditors International of Washington	1,265,504	$136,282	6.4%	$43.60	+108.5%	—	302130109
ORLY	O'Reilly Automotive Inc	241,628	$122,566	5.7%	$15.06	+105.7%	—	67103H107
FAST	Fastenal Co	1,585,014	$79,695	3.7%	$11.30	+88.3%	—	311900104
STRA	Strategic Education Inc	850,337	$78,155	3.7%	$104.73	-26.2%	—	86272C103
UNP	Union Pacific Corporation	337,501	$74,389	3.5%	$77.14	+143.8%	—	907818108
NVR	NVR Inc	14,637	$68,954	3.2%	$1283.17	+249.7%	—	62944T105
DE	Deere & Co.	167,368	$62,619	2.9%	$82.98	+270.6%	—	244199105
TJX	TJX Companies Inc	370,569	$24,513	1.1%	$53.34	+16.8%	—	872540109
WAT	Waters Corp	57,413	$16,315	0.8%	$115.50	+136.4%	—	941848103
VGSH	Vanguard Scottsdale Fds	112,422	$6,916	0.3%	$61.24	—	—	92206C102
BIL	SPDR Ser Tr	32,362	$2,961	0.1%	$91.54	—	—	78468R663