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 (100.0% shares, 0.0% debt)

Holdings (19)

ROST Ross Stores Inc 11.0%

Value $356M Shares 3,066,921 Share Price $116.07 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 10.8%

Value $351M Shares 5,596,100 Share Price $62.78 Est. Cost/Share — Unrealized @ Report Date —

AZO AutoZone Inc. 10.5%

Value $340M Shares 137,795 Share Price $2466.18 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 7.6%

Value $248M Shares 722,824 Share Price $343.38 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 7.1%

Value $232M Shares 2,914,265 Share Price $79.60 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 6.3%

Value $205M Shares 844,564 Share Price $242.29 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 6.3%

Value $204M Shares 241,829 Share Price $844.03 Est. Cost/Share — Unrealized @ Report Date —

DPZ Domino's Pizza Inc 5.0%

Value $163M Shares 471,693 Share Price $346.40 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.8%

Value $156M Shares 752,879 Share Price $207.76 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 4.8%

Value $156M Shares 1,995,566 Share Price $78.32 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.8%

Value $156M Shares 447,480 Share Price $347.73 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 4.7%

Value $153M Shares 1,472,922 Share Price $103.92 Est. Cost/Share — Unrealized @ Report Date —

PGR Progressive Corp 4.5%

Value $147M Shares 1,134,440 Share Price $129.71 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 3.8%

Value $123M Shares 26,609 Share Price $4612.58 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 3.6%

Value $117M Shares 419,682 Share Price $278.62 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 2.3%

Value $75.09M Shares 1,586,922 Share Price $47.32 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 1.8%

Value $58.84M Shares 284,139 Share Price $207.07 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.1%

Value $3.282M Shares 56,763 Share Price $57.82 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.1%

Value $2.941M Shares 32,158 Share Price $91.47 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ROST	Ross Stores Inc	3,066,921	$356M	11.0%	$116.07	—	—	COM	778296103
ACGL	Arch Capital Group Ltd	5,596,100	$351M	10.8%	$62.78	—	—	COM	G0450A105
AZO	AutoZone Inc.	137,795	$340M	10.5%	$2466.18	—	—	COM	053332102
GS	Goldman Sachs Group Inc	722,824	$248M	7.6%	$343.38	—	—	COM	38141G104
TJX	TJX Companies Inc	2,914,265	$232M	7.1%	$79.60	—	—	COM	872540109
CMI	Cummins Inc	844,564	$205M	6.3%	$242.29	—	—	COM	231021106
ORLY	O'Reilly Automotive Inc	241,829	$204M	6.3%	$844.03	—	—	COM	67103H107
DPZ	Domino's Pizza Inc	471,693	$163M	5.0%	$346.40	—	—	COM	25754A201
V	Visa Inc Cl A	752,879	$156M	4.8%	$207.76	—	—	COM	92826C839
STRA	Strategic Education Inc	1,995,566	$156M	4.8%	$78.32	—	—	COM	86272C103
MA	Mastercard Inc Class A	447,480	$156M	4.8%	$347.73	—	—	COM	57636Q104
EXPD	Expeditors International of Wa	1,472,922	$153M	4.7%	$103.92	—	—	COM	302130109
PGR	Progressive Corp	1,134,440	$147M	4.5%	$129.71	—	—	COM	743315103
NVR	NVR Inc	26,609	$123M	3.8%	$4612.58	—	—	COM	62944T105
MCO	Moody's Corp.	419,682	$117M	3.6%	$278.62	—	—	COM	615369105
FAST	Fastenal Co	1,586,922	$75.09M	2.3%	$47.32	—	—	COM	311900104
UNP	Union Pacific Corporation	284,139	$58.84M	1.8%	$207.07	—	—	COM	907818108
VGSH	Vanguard Scottsdale Fds	56,763	$3.282M	0.1%	$57.82	—	—	Short Term Treas	92206C102
BIL	SPDR Ser Tr	32,158	$2.941M	0.1%	$91.47	—	—	Bloomberg 1-3 Mo	78468R663