MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q2 2021 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $2.436B (100.0% shares, 0.0% debt)

Holdings (19)

GS Goldman Sachs Group Inc 11.1%

Value $270M Shares 711,609 Share Price $379.53 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 9.4%

Value $229M Shares 632,596 Share Price $362.37 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 9.3%

Value $226M Shares 5,792,222 Share Price $38.94 Est. Cost/Share — Unrealized @ Report Date —

AZO Autozone Inc. 8.9%

Value $217M Shares 145,515 Share Price $1492.22 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 8.7%

Value $211M Shares 866,688 Share Price $243.81 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 7.4%

Value $180M Shares 768,795 Share Price $233.82 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 7.1%

Value $172M Shares 1,388,241 Share Price $124.00 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Washington 6.9%

Value $169M Shares 1,336,089 Share Price $126.60 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 6.9%

Value $168M Shares 461,313 Share Price $365.09 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 5.8%

Value $141M Shares 249,084 Share Price $566.21 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 4.6%

Value $113M Shares 1,480,603 Share Price $76.06 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 3.5%

Value $84.86M Shares 1,631,920 Share Price $52.00 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 3.1%

Value $76.47M Shares 347,687 Share Price $219.93 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 3.1%

Value $74.98M Shares 15,077 Share Price $4973.27 Est. Cost/Share — Unrealized @ Report Date —

PGR Progressive Corp 1.9%

Value $46.16M Shares 469,966 Share Price $98.21 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 1.1%

Value $26.5M Shares 393,017 Share Price $67.42 Est. Cost/Share — Unrealized @ Report Date —

WAT Waters Corp 0.8%

Value $20.24M Shares 58,555 Share Price $345.61 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.3%

Value $6.831M Shares 111,202 Share Price $61.43 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.1%

Value $3.148M Shares 34,417 Share Price $91.47 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
GS	Goldman Sachs Group Inc	711,609	$270M	11.1%	$379.53	—	—	COM	38141G104
MCO	Moody's Corp.	632,596	$229M	9.4%	$362.37	—	—	COM	615369105
ACGL	Arch Capital Group Ltd	5,792,222	$226M	9.3%	$38.94	—	—	COM	G0450A105
AZO	Autozone Inc.	145,515	$217M	8.9%	$1492.22	—	—	COM	053332102
CMI	Cummins Inc	866,688	$211M	8.7%	$243.81	—	—	COM	231021106
V	Visa Inc Cl A	768,795	$180M	7.4%	$233.82	—	—	COM	92826C839
ROST	Ross Stores Inc	1,388,241	$172M	7.1%	$124.00	—	—	COM	778296103
EXPD	Expeditors International of Washington	1,336,089	$169M	6.9%	$126.60	—	—	COM	302130109
MA	Mastercard Inc Class A	461,313	$168M	6.9%	$365.09	—	—	COM	57636Q104
ORLY	O'Reilly Automotive Inc	249,084	$141M	5.8%	$566.21	—	—	COM	67103H107
STRA	Strategic Education Inc	1,480,603	$113M	4.6%	$76.06	—	—	COM	86272C103
FAST	Fastenal Co	1,631,920	$84.86M	3.5%	$52.00	—	—	COM	311900104
UNP	Union Pacific Corporation	347,687	$76.47M	3.1%	$219.93	—	—	COM	907818108
NVR	NVR Inc	15,077	$74.98M	3.1%	$4973.27	—	—	COM	62944T105
PGR	Progressive Corp	469,966	$46.16M	1.9%	$98.21	—	—	COM	743315103
TJX	TJX Companies Inc	393,017	$26.5M	1.1%	$67.42	—	—	COM	872540109
WAT	Waters Corp	58,555	$20.24M	0.8%	$345.61	—	—	COM	941848103
VGSH	Vanguard Scottsdale Fds	111,202	$6.831M	0.3%	$61.43	—	—	Short Term Treas	92206C102
BIL	SPDR Ser Tr	34,417	$3.148M	0.1%	$91.47	—	—	Bloomberg 1-3 Mo	78468R663