MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q2 2022 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $2.646B (100.0% shares, 0.0% debt)

Holdings (19)

AZO AutoZone Inc. 11.4%

Value $301M Shares 140,102 Share Price $2149.12 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 9.8%

Value $261M Shares 5,729,269 Share Price $45.49 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 8.3%

Value $219M Shares 737,414 Share Price $297.02 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 7.3%

Value $193M Shares 2,742,880 Share Price $70.23 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 6.2%

Value $165M Shares 854,628 Share Price $193.53 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 6.2%

Value $164M Shares 2,936,269 Share Price $55.85 Est. Cost/Share — Unrealized @ Report Date —

DPZ Domino's Pizza Inc 6.1%

Value $161M Shares 413,730 Share Price $389.71 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 5.8%

Value $154M Shares 244,464 Share Price $631.76 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 5.7%

Value $150M Shares 761,507 Share Price $196.89 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 5.4%

Value $143M Shares 2,030,150 Share Price $70.58 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 5.4%

Value $143M Shares 452,100 Share Price $315.48 Est. Cost/Share — Unrealized @ Report Date —

PGR Progressive Corp 5.1%

Value $134M Shares 1,153,730 Share Price $116.27 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 4.9%

Value $129M Shares 1,322,679 Share Price $97.46 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 3.6%

Value $94.48M Shares 23,595 Share Price $4004.15 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 3.3%

Value $86.02M Shares 316,292 Share Price $271.97 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 3.0%

Value $80.25M Shares 1,607,518 Share Price $49.92 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 2.3%

Value $61.47M Shares 288,205 Share Price $213.28 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.1%

Value $3.771M Shares 64,063 Share Price $58.86 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.1%

Value $3.153M Shares 34,460 Share Price $91.49 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AZO	AutoZone Inc.	140,102	$301M	11.4%	$2149.12	—	—	COM	053332102
ACGL	Arch Capital Group Ltd	5,729,269	$261M	9.8%	$45.49	—	—	COM	G0450A105
GS	Goldman Sachs Group Inc	737,414	$219M	8.3%	$297.02	—	—	COM	38141G104
ROST	Ross Stores Inc	2,742,880	$193M	7.3%	$70.23	—	—	COM	778296103
CMI	Cummins Inc	854,628	$165M	6.2%	$193.53	—	—	COM	231021106
TJX	TJX Companies Inc	2,936,269	$164M	6.2%	$55.85	—	—	COM	872540109
DPZ	Domino's Pizza Inc	413,730	$161M	6.1%	$389.71	—	—	COM	25754A201
ORLY	O'Reilly Automotive Inc	244,464	$154M	5.8%	$631.76	—	—	COM	67103H107
V	Visa Inc Cl A	761,507	$150M	5.7%	$196.89	—	—	COM	92826C839
STRA	Strategic Education Inc	2,030,150	$143M	5.4%	$70.58	—	—	COM	86272C103
MA	Mastercard Inc Class A	452,100	$143M	5.4%	$315.48	—	—	COM	57636Q104
PGR	Progressive Corp	1,153,730	$134M	5.1%	$116.27	—	—	COM	743315103
EXPD	Expeditors International of Wa	1,322,679	$129M	4.9%	$97.46	—	—	COM	302130109
NVR	NVR Inc	23,595	$94.48M	3.6%	$4004.15	—	—	COM	62944T105
MCO	Moody's Corp.	316,292	$86.02M	3.3%	$271.97	—	—	COM	615369105
FAST	Fastenal Co	1,607,518	$80.25M	3.0%	$49.92	—	—	COM	311900104
UNP	Union Pacific Corporation	288,205	$61.47M	2.3%	$213.28	—	—	COM	907818108
VGSH	Vanguard Scottsdale Fds	64,063	$3.771M	0.1%	$58.86	—	—	Short Term Treas	92206C102
BIL	SPDR Ser Tr	34,460	$3.153M	0.1%	$91.49	—	—	Bloomberg 1-3 Mo	78468R663