MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q4 2021 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value ($000): $2,523,899

Holdings (18)

AZO Autozone Inc. 11.9%

Value ($000) $300,128 Shares 143,164 Est. Cost $737.69 Unrealized +152.4%

GS Goldman Sachs Group Inc 10.6%

Value ($000) $267,726 Shares 699,846 Est. Cost $163.41 Unrealized +118.2%

ACGL Arch Capital Group Ltd 10.2%

Value ($000) $257,741 Shares 5,798,439 Est. Cost $27.13 Unrealized +48.7%

CMI Cummins Inc 7.4%

Value ($000) $186,544 Shares 855,158 Est. Cost $114.52 Unrealized +79.7%

EXPD Expeditors International of Wa 7.0%

Value ($000) $177,647 Shares 1,322,865 Est. Cost $47.20 Unrealized +152.1%

ORLY O'Reilly Automotive Inc 6.9%

Value ($000) $174,271 Shares 246,763 Est. Cost $15.68 Unrealized +175.9%

V Visa Inc Cl A 6.5%

Value ($000) $165,000 Shares 761,387 Est. Cost $95.97 Unrealized +116.9%

MA Mastercard Inc Class A 6.5%

Value ($000) $164,614 Shares 458,127 Est. Cost $92.70 Unrealized +264.4%

ROST Ross Stores Inc 6.2%

Value ($000) $157,005 Shares 1,373,864 Est. Cost $76.42 Unrealized +39.5%

MCO Moody's Corp. 4.9%

Value ($000) $122,723 Shares 314,207 Est. Cost $96.80 Unrealized +284.7%

PGR Progressive Corp 4.7%

Value ($000) $119,461 Shares 1,163,770 Est. Cost $86.62 Unrealized -1.0%

STRA Strategic Education Inc 4.5%

Value ($000) $112,672 Shares 1,947,990 Est. Cost $81.63 Unrealized -32.1%

FAST Fastenal Co 4.1%

Value ($000) $103,534 Shares 1,616,210 Est. Cost $11.65 Unrealized +129.0%

NVR NVR Inc 3.5%

Value ($000) $88,645 Shares 15,002 Est. Cost $1387.56 Unrealized +280.4%

UNP Union Pacific Corporation 3.5%

Value ($000) $87,259 Shares 346,360 Est. Cost $80.75 Unrealized +166.2%

TJX TJX Companies Inc 1.2%

Value ($000) $29,579 Shares 389,601 Est. Cost $53.93 Unrealized +21.0%

VGSH Vanguard Scottsdale Fds 0.2%

Value ($000) $5,624 Shares 92,457 Est. Cost $61.25 Unrealized —

BIL SPDR Ser Tr 0.1%

Value ($000) $3,726 Shares 40,754 Est. Cost $91.52 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AZO	Autozone Inc.	143,164	$300,128	11.9%	$737.69	+152.4%	—	053332102
GS	Goldman Sachs Group Inc	699,846	$267,726	10.6%	$163.41	+118.2%	—	38141G104
ACGL	Arch Capital Group Ltd	5,798,439	$257,741	10.2%	$27.13	+48.7%	—	G0450A105
CMI	Cummins Inc	855,158	$186,544	7.4%	$114.52	+79.7%	—	231021106
EXPD	Expeditors International of Wa	1,322,865	$177,647	7.0%	$47.20	+152.1%	—	302130109
ORLY	O'Reilly Automotive Inc	246,763	$174,271	6.9%	$15.68	+175.9%	—	67103H107
V	Visa Inc Cl A	761,387	$165,000	6.5%	$95.97	+116.9%	—	92826C839
MA	Mastercard Inc Class A	458,127	$164,614	6.5%	$92.70	+264.4%	—	57636Q104
ROST	Ross Stores Inc	1,373,864	$157,005	6.2%	$76.42	+39.5%	—	778296103
MCO	Moody's Corp.	314,207	$122,723	4.9%	$96.80	+284.7%	—	615369105
PGR	Progressive Corp	1,163,770	$119,461	4.7%	$86.62	-1.0%	—	743315103
STRA	Strategic Education Inc	1,947,990	$112,672	4.5%	$81.63	-32.1%	—	86272C103
FAST	Fastenal Co	1,616,210	$103,534	4.1%	$11.65	+129.0%	—	311900104
NVR	NVR Inc	15,002	$88,645	3.5%	$1387.56	+280.4%	—	62944T105
UNP	Union Pacific Corporation	346,360	$87,259	3.5%	$80.75	+166.2%	—	907818108
TJX	TJX Companies Inc	389,601	$29,579	1.2%	$53.93	+21.0%	—	872540109
VGSH	Vanguard Scottsdale Fds	92,457	$5,624	0.2%	$61.25	—	—	92206C102
BIL	SPDR Ser Tr	40,754	$3,726	0.1%	$91.52	—	—	78468R663