MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $2.552B (100.0% shares, 0.0% debt)

Holdings (19)

AZO AutoZone Inc. 11.5%

Value $292M Shares 142,957 Share Price $2044.58 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 11.0%

Value $281M Shares 5,797,925 Share Price $48.42 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 9.0%

Value $231M Shares 698,805 Share Price $330.10 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 6.9%

Value $176M Shares 860,301 Share Price $205.11 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 6.9%

Value $175M Shares 1,935,624 Share Price $90.46 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 6.7%

Value $170M Shares 247,990 Share Price $684.96 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 6.7%

Value $170M Shares 765,712 Share Price $221.77 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 6.4%

Value $163M Shares 457,398 Share Price $357.38 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 5.4%

Value $137M Shares 1,331,600 Share Price $103.16 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 5.2%

Value $134M Shares 2,012,854 Share Price $66.38 Est. Cost/Share — Unrealized @ Report Date —

PGR Progressive Corp 5.2%

Value $133M Shares 1,164,157 Share Price $113.99 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 4.2%

Value $107M Shares 317,566 Share Price $337.41 Est. Cost/Share — Unrealized @ Report Date —

DPZ Domino's Pizza Inc 4.1%

Value $105M Shares 258,121 Share Price $407.01 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 3.8%

Value $96.19M Shares 1,619,342 Share Price $59.40 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 3.2%

Value $81.6M Shares 298,685 Share Price $273.21 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 2.6%

Value $67.09M Shares 15,019 Share Price $4467.27 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 0.9%

Value $23.68M Shares 390,926 Share Price $60.58 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.2%

Value $5.14M Shares 86,737 Share Price $59.26 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.2%

Value $3.847M Shares 42,074 Share Price $91.43 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AZO	AutoZone Inc.	142,957	$292M	11.5%	$2044.58	—	—	COM	053332102
ACGL	Arch Capital Group Ltd	5,797,925	$281M	11.0%	$48.42	—	—	COM	G0450A105
GS	Goldman Sachs Group Inc	698,805	$231M	9.0%	$330.10	—	—	COM	38141G104
CMI	Cummins Inc	860,301	$176M	6.9%	$205.11	—	—	COM	231021106
ROST	Ross Stores Inc	1,935,624	$175M	6.9%	$90.46	—	—	COM	778296103
ORLY	O'Reilly Automotive Inc	247,990	$170M	6.7%	$684.96	—	—	COM	67103H107
V	Visa Inc Cl A	765,712	$170M	6.7%	$221.77	—	—	COM	92826C839
MA	Mastercard Inc Class A	457,398	$163M	6.4%	$357.38	—	—	COM	57636Q104
EXPD	Expeditors International of Wa	1,331,600	$137M	5.4%	$103.16	—	—	COM	302130109
STRA	Strategic Education Inc	2,012,854	$134M	5.2%	$66.38	—	—	COM	86272C103
PGR	Progressive Corp	1,164,157	$133M	5.2%	$113.99	—	—	COM	743315103
MCO	Moody's Corp.	317,566	$107M	4.2%	$337.41	—	—	COM	615369105
DPZ	Domino's Pizza Inc	258,121	$105M	4.1%	$407.01	—	—	COM	25754A201
FAST	Fastenal Co	1,619,342	$96.19M	3.8%	$59.40	—	—	COM	311900104
UNP	Union Pacific Corporation	298,685	$81.6M	3.2%	$273.21	—	—	COM	907818108
NVR	NVR Inc	15,019	$67.09M	2.6%	$4467.27	—	—	COM	62944T105
TJX	TJX Companies Inc	390,926	$23.68M	0.9%	$60.58	—	—	COM	872540109
VGSH	Vanguard Scottsdale Fds	86,737	$5.14M	0.2%	$59.26	—	—	Short Term Treas	92206C102
BIL	SPDR Ser Tr	42,074	$3.847M	0.2%	$91.43	—	—	Bloomberg 1-3 Mo	78468R663