MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q4 2022 (← Previous) (Next →)

Filing Date: May 9, 2023

Total Value ($000): $3,247,790

Holdings (19)

ROST Ross Stores Inc 11.0%

Value ($000) $355,978 Shares 3,066,921 Est. Cost $82.26 Unrealized +19.8%

ACGL Arch Capital Group Ltd 10.8%

Value ($000) $351,323 Shares 5,596,100 Est. Cost $27.13 Unrealized +95.7%

AZO AutoZone Inc. 10.5%

Value ($000) $339,827 Shares 137,795 Est. Cost $737.69 Unrealized +227.6%

GS Goldman Sachs Group Inc 7.6%

Value ($000) $248,203 Shares 722,824 Est. Cost $169.70 Unrealized +89.5%

TJX TJX Companies Inc 7.1%

Value ($000) $231,975 Shares 2,914,265 Est. Cost $56.96 Unrealized +24.2%

CMI Cummins Inc 6.3%

Value ($000) $204,629 Shares 844,564 Est. Cost $114.52 Unrealized +92.8%

ORLY O'Reilly Automotive Inc 6.3%

Value ($000) $204,111 Shares 241,829 Est. Cost $15.68 Unrealized +242.8%

DPZ Domino's Pizza Inc 5.0%

Value ($000) $163,394 Shares 471,693 Est. Cost $386.29 Unrealized -13.5%

V Visa Inc Cl A 4.8%

Value ($000) $156,418 Shares 752,879 Est. Cost $95.97 Unrealized +105.3%

STRA Strategic Education Inc 4.8%

Value ($000) $156,293 Shares 1,995,566 Est. Cost $80.69 Unrealized -15.7%

MA Mastercard Inc Class A 4.8%

Value ($000) $155,602 Shares 447,480 Est. Cost $92.70 Unrealized +248.9%

EXPD Expeditors International of Wa 4.7%

Value ($000) $153,066 Shares 1,472,922 Est. Cost $52.31 Unrealized +89.4%

PGR Progressive Corp 4.5%

Value ($000) $147,148 Shares 1,134,440 Est. Cost $86.62 Unrealized +33.5%

NVR NVR Inc 3.8%

Value ($000) $122,736 Shares 26,609 Est. Cost $2643.96 Unrealized +66.3%

MCO Moody's Corp. 3.6%

Value ($000) $116,932 Shares 419,682 Est. Cost $141.27 Unrealized +88.6%

FAST Fastenal Co 2.3%

Value ($000) $75,093 Shares 1,586,922 Est. Cost $11.65 Unrealized +94.4%

UNP Union Pacific Corporation 1.8%

Value ($000) $58,837 Shares 284,139 Est. Cost $80.75 Unrealized +135.5%

VGSH Vanguard Scottsdale Fds 0.1%

Value ($000) $3,282 Shares 56,763 Est. Cost $61.25 Unrealized —

BIL SPDR Ser Tr 0.1%

Value ($000) $2,941 Shares 32,158 Est. Cost $91.51 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ROST	Ross Stores Inc	3,066,921	$355,978	11.0%	$82.26	+19.8%	—	778296103
ACGL	Arch Capital Group Ltd	5,596,100	$351,323	10.8%	$27.13	+95.7%	—	G0450A105
AZO	AutoZone Inc.	137,795	$339,827	10.5%	$737.69	+227.6%	—	053332102
GS	Goldman Sachs Group Inc	722,824	$248,203	7.6%	$169.70	+89.5%	—	38141G104
TJX	TJX Companies Inc	2,914,265	$231,975	7.1%	$56.96	+24.2%	—	872540109
CMI	Cummins Inc	844,564	$204,629	6.3%	$114.52	+92.8%	—	231021106
ORLY	O'Reilly Automotive Inc	241,829	$204,111	6.3%	$15.68	+242.8%	—	67103H107
DPZ	Domino's Pizza Inc	471,693	$163,394	5.0%	$386.29	-13.5%	—	25754A201
V	Visa Inc Cl A	752,879	$156,418	4.8%	$95.97	+105.3%	—	92826C839
STRA	Strategic Education Inc	1,995,566	$156,293	4.8%	$80.69	-15.7%	—	86272C103
MA	Mastercard Inc Class A	447,480	$155,602	4.8%	$92.70	+248.9%	—	57636Q104
EXPD	Expeditors International of Wa	1,472,922	$153,066	4.7%	$52.31	+89.4%	—	302130109
PGR	Progressive Corp	1,134,440	$147,148	4.5%	$86.62	+33.5%	—	743315103
NVR	NVR Inc	26,609	$122,736	3.8%	$2643.96	+66.3%	—	62944T105
MCO	Moody's Corp.	419,682	$116,932	3.6%	$141.27	+88.6%	—	615369105
FAST	Fastenal Co	1,586,922	$75,093	2.3%	$11.65	+94.4%	—	311900104
UNP	Union Pacific Corporation	284,139	$58,837	1.8%	$80.75	+135.5%	—	907818108
VGSH	Vanguard Scottsdale Fds	56,763	$3,282	0.1%	$61.25	—	—	92206C102
BIL	SPDR Ser Tr	32,158	$2,941	0.1%	$91.51	—	—	78468R663