MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q3 2022 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $2.655B (100.0% shares, 0.0% debt)

Holdings (19)

AZO AutoZone Inc. 11.1%

Value $295M Shares 137,882 Share Price $2141.93 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 9.7%

Value $257M Shares 5,645,439 Share Price $45.54 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 9.6%

Value $255M Shares 3,025,503 Share Price $84.27 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 8.0%

Value $213M Shares 726,652 Share Price $293.05 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 6.8%

Value $181M Shares 2,913,370 Share Price $62.12 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 6.5%

Value $173M Shares 847,668 Share Price $203.51 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 6.4%

Value $170M Shares 240,991 Share Price $703.35 Est. Cost/Share — Unrealized @ Report Date —

DPZ Domino's Pizza Inc 5.5%

Value $146M Shares 471,641 Share Price $310.20 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 5.0%

Value $134M Shares 754,612 Share Price $177.65 Est. Cost/Share — Unrealized @ Report Date —

PGR Progressive Corp 5.0%

Value $132M Shares 1,139,585 Share Price $116.21 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 4.9%

Value $130M Shares 1,477,424 Share Price $88.31 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.8%

Value $127M Shares 447,645 Share Price $284.34 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 4.6%

Value $123M Shares 2,010,048 Share Price $61.41 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 4.0%

Value $106M Shares 26,693 Share Price $3987.08 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 2.9%

Value $76.36M Shares 314,106 Share Price $243.11 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 2.8%

Value $73.28M Shares 1,591,636 Share Price $46.04 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 2.1%

Value $55.41M Shares 284,406 Share Price $194.82 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.1%

Value $3.523M Shares 60,963 Share Price $57.79 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.1%

Value $2.946M Shares 32,158 Share Price $91.60 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
AZO	AutoZone Inc.	137,882	$295M	11.1%	$2141.93	—	—	COM	053332102
ACGL	Arch Capital Group Ltd	5,645,439	$257M	9.7%	$45.54	—	—	COM	G0450A105
ROST	Ross Stores Inc	3,025,503	$255M	9.6%	$84.27	—	—	COM	778296103
GS	Goldman Sachs Group Inc	726,652	$213M	8.0%	$293.05	—	—	COM	38141G104
TJX	TJX Companies Inc	2,913,370	$181M	6.8%	$62.12	—	—	COM	872540109
CMI	Cummins Inc	847,668	$173M	6.5%	$203.51	—	—	COM	231021106
ORLY	O'Reilly Automotive Inc	240,991	$170M	6.4%	$703.35	—	—	COM	67103H107
DPZ	Domino's Pizza Inc	471,641	$146M	5.5%	$310.20	—	—	COM	25754A201
V	Visa Inc Cl A	754,612	$134M	5.0%	$177.65	—	—	COM	92826C839
PGR	Progressive Corp	1,139,585	$132M	5.0%	$116.21	—	—	COM	743315103
EXPD	Expeditors International of Wa	1,477,424	$130M	4.9%	$88.31	—	—	COM	302130109
MA	Mastercard Inc Class A	447,645	$127M	4.8%	$284.34	—	—	COM	57636Q104
STRA	Strategic Education Inc	2,010,048	$123M	4.6%	$61.41	—	—	COM	86272C103
NVR	NVR Inc	26,693	$106M	4.0%	$3987.08	—	—	COM	62944T105
MCO	Moody's Corp.	314,106	$76.36M	2.9%	$243.11	—	—	COM	615369105
FAST	Fastenal Co	1,591,636	$73.28M	2.8%	$46.04	—	—	COM	311900104
UNP	Union Pacific Corporation	284,406	$55.41M	2.1%	$194.82	—	—	COM	907818108
VGSH	Vanguard Scottsdale Fds	60,963	$3.523M	0.1%	$57.79	—	—	Short Term Treas	92206C102
BIL	SPDR Ser Tr	32,158	$2.946M	0.1%	$91.60	—	—	Bloomberg 1-3 Mo	78468R663