MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value: $3.248B

Holdings (19)

ROST Ross Stores Inc 11.0%

Value $356M Shares 3,066,921 Est. Cost $82.26 Unrealized +19.8%

ACGL Arch Capital Group Ltd 10.8%

Value $351M Shares 5,596,100 Est. Cost $27.13 Unrealized +95.7%

AZO AutoZone Inc. 10.5%

Value $340M Shares 137,795 Est. Cost $737.69 Unrealized +227.6%

GS Goldman Sachs Group Inc 7.6%

Value $248M Shares 722,824 Est. Cost $169.70 Unrealized +89.5%

TJX TJX Companies Inc 7.1%

Value $232M Shares 2,914,265 Est. Cost $56.96 Unrealized +24.2%

CMI Cummins Inc 6.3%

Value $205M Shares 844,564 Est. Cost $114.52 Unrealized +92.8%

ORLY O'Reilly Automotive Inc 6.3%

Value $204M Shares 241,829 Est. Cost $15.68 Unrealized +242.8%

DPZ Domino's Pizza Inc 5.0%

Value $163M Shares 471,693 Est. Cost $386.29 Unrealized -13.5%

V Visa Inc Cl A 4.8%

Value $156M Shares 752,879 Est. Cost $95.97 Unrealized +105.3%

STRA Strategic Education Inc 4.8%

Value $156M Shares 1,995,566 Est. Cost $80.69 Unrealized -15.7%

MA Mastercard Inc Class A 4.8%

Value $156M Shares 447,480 Est. Cost $92.70 Unrealized +248.9%

EXPD Expeditors International of Wa 4.7%

Value $153M Shares 1,472,922 Est. Cost $52.31 Unrealized +89.4%

PGR Progressive Corp 4.5%

Value $147M Shares 1,134,440 Est. Cost $86.62 Unrealized +33.5%

NVR NVR Inc 3.8%

Value $123M Shares 26,609 Est. Cost $2643.96 Unrealized +66.3%

MCO Moody's Corp. 3.6%

Value $117M Shares 419,682 Est. Cost $141.27 Unrealized +88.6%

FAST Fastenal Co 2.3%

Value $75.09M Shares 1,586,922 Est. Cost $11.65 Unrealized +94.4%

UNP Union Pacific Corporation 1.8%

Value $58.84M Shares 284,139 Est. Cost $80.75 Unrealized +135.5%

VGSH Vanguard Scottsdale Fds 0.1%

Value $3.282M Shares 56,763 Est. Cost $61.25 Unrealized —

BIL SPDR Ser Tr 0.1%

Value $2.941M Shares 32,158 Est. Cost $91.51 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ROST	Ross Stores Inc	3,066,921	$356M	11.0%	$82.26	+19.8%	—	778296103
ACGL	Arch Capital Group Ltd	5,596,100	$351M	10.8%	$27.13	+95.7%	—	G0450A105
AZO	AutoZone Inc.	137,795	$340M	10.5%	$737.69	+227.6%	—	053332102
GS	Goldman Sachs Group Inc	722,824	$248M	7.6%	$169.70	+89.5%	—	38141G104
TJX	TJX Companies Inc	2,914,265	$232M	7.1%	$56.96	+24.2%	—	872540109
CMI	Cummins Inc	844,564	$205M	6.3%	$114.52	+92.8%	—	231021106
ORLY	O'Reilly Automotive Inc	241,829	$204M	6.3%	$15.68	+242.8%	—	67103H107
DPZ	Domino's Pizza Inc	471,693	$163M	5.0%	$386.29	-13.5%	—	25754A201
V	Visa Inc Cl A	752,879	$156M	4.8%	$95.97	+105.3%	—	92826C839
STRA	Strategic Education Inc	1,995,566	$156M	4.8%	$80.69	-15.7%	—	86272C103
MA	Mastercard Inc Class A	447,480	$156M	4.8%	$92.70	+248.9%	—	57636Q104
EXPD	Expeditors International of Wa	1,472,922	$153M	4.7%	$52.31	+89.4%	—	302130109
PGR	Progressive Corp	1,134,440	$147M	4.5%	$86.62	+33.5%	—	743315103
NVR	NVR Inc	26,609	$123M	3.8%	$2643.96	+66.3%	—	62944T105
MCO	Moody's Corp.	419,682	$117M	3.6%	$141.27	+88.6%	—	615369105
FAST	Fastenal Co	1,586,922	$75.09M	2.3%	$11.65	+94.4%	—	311900104
UNP	Union Pacific Corporation	284,139	$58.84M	1.8%	$80.75	+135.5%	—	907818108
VGSH	Vanguard Scottsdale Fds	56,763	$3.282M	0.1%	$61.25	—	—	92206C102
BIL	SPDR Ser Tr	32,158	$2.941M	0.1%	$91.51	—	—	78468R663