MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q1 2022 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value ($000): $2,551,838

Holdings (19)

AZO AutoZone Inc. 11.5%

Value ($000) $292,287 Shares 142,957 Est. Cost $737.69 Unrealized +164.9%

ACGL Arch Capital Group Ltd 11.0%

Value ($000) $280,736 Shares 5,797,925 Est. Cost $27.13 Unrealized +62.9%

GS Goldman Sachs Group Inc 9.0%

Value ($000) $230,675 Shares 698,805 Est. Cost $163.41 Unrealized +95.7%

CMI Cummins Inc 6.9%

Value ($000) $176,456 Shares 860,301 Est. Cost $114.52 Unrealized +71.7%

ROST Ross Stores Inc 6.9%

Value ($000) $175,097 Shares 1,935,624 Est. Cost $80.67 Unrealized +12.9%

ORLY O'Reilly Automotive Inc 6.7%

Value ($000) $169,863 Shares 247,990 Est. Cost $15.68 Unrealized +184.8%

V Visa Inc Cl A 6.7%

Value ($000) $169,812 Shares 765,712 Est. Cost $95.97 Unrealized +118.9%

MA Mastercard Inc Class A 6.4%

Value ($000) $163,465 Shares 457,398 Est. Cost $92.70 Unrealized +279.3%

EXPD Expeditors International of Wa 5.4%

Value ($000) $137,368 Shares 1,331,600 Est. Cost $47.20 Unrealized +122.7%

STRA Strategic Education Inc 5.2%

Value ($000) $133,613 Shares 2,012,854 Est. Cost $80.69 Unrealized -35.1%

PGR Progressive Corp 5.2%

Value ($000) $132,702 Shares 1,164,157 Est. Cost $86.62 Unrealized +13.7%

MCO Moody's Corp. 4.2%

Value ($000) $107,150 Shares 317,566 Est. Cost $99.21 Unrealized +227.8%

DPZ Domino's Pizza Inc 4.1%

Value ($000) $105,058 Shares 258,121 Est. Cost $412.93 Unrealized 0.0%

FAST Fastenal Co 3.8%

Value ($000) $96,189 Shares 1,619,342 Est. Cost $11.65 Unrealized +118.2%

UNP Union Pacific Corporation 3.2%

Value ($000) $81,604 Shares 298,685 Est. Cost $80.75 Unrealized +185.5%

NVR NVR Inc 2.6%

Value ($000) $67,094 Shares 15,019 Est. Cost $1387.56 Unrealized +267.2%

TJX TJX Companies Inc 0.9%

Value ($000) $23,682 Shares 390,926 Est. Cost $53.93 Unrealized +17.2%

VGSH Vanguard Scottsdale Fds 0.2%

Value ($000) $5,140 Shares 86,737 Est. Cost $61.25 Unrealized —

BIL SPDR Ser Tr 0.2%

Value ($000) $3,847 Shares 42,074 Est. Cost $91.51 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AZO	AutoZone Inc.	142,957	$292,287	11.5%	$737.69	+164.9%	—	053332102
ACGL	Arch Capital Group Ltd	5,797,925	$280,736	11.0%	$27.13	+62.9%	—	G0450A105
GS	Goldman Sachs Group Inc	698,805	$230,675	9.0%	$163.41	+95.7%	—	38141G104
CMI	Cummins Inc	860,301	$176,456	6.9%	$114.52	+71.7%	—	231021106
ROST	Ross Stores Inc	1,935,624	$175,097	6.9%	$80.67	+12.9%	—	778296103
ORLY	O'Reilly Automotive Inc	247,990	$169,863	6.7%	$15.68	+184.8%	—	67103H107
V	Visa Inc Cl A	765,712	$169,812	6.7%	$95.97	+118.9%	—	92826C839
MA	Mastercard Inc Class A	457,398	$163,465	6.4%	$92.70	+279.3%	—	57636Q104
EXPD	Expeditors International of Wa	1,331,600	$137,368	5.4%	$47.20	+122.7%	—	302130109
STRA	Strategic Education Inc	2,012,854	$133,613	5.2%	$80.69	-35.1%	—	86272C103
PGR	Progressive Corp	1,164,157	$132,702	5.2%	$86.62	+13.7%	—	743315103
MCO	Moody's Corp.	317,566	$107,150	4.2%	$99.21	+227.8%	—	615369105
DPZ	Domino's Pizza Inc	258,121	$105,058	4.1%	$412.93	0.0%	—	25754A201
FAST	Fastenal Co	1,619,342	$96,189	3.8%	$11.65	+118.2%	—	311900104
UNP	Union Pacific Corporation	298,685	$81,604	3.2%	$80.75	+185.5%	—	907818108
NVR	NVR Inc	15,019	$67,094	2.6%	$1387.56	+267.2%	—	62944T105
TJX	TJX Companies Inc	390,926	$23,682	0.9%	$53.93	+17.2%	—	872540109
VGSH	Vanguard Scottsdale Fds	86,737	$5,140	0.2%	$61.25	—	—	92206C102
BIL	SPDR Ser Tr	42,074	$3,847	0.2%	$91.51	—	—	78468R663