MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 15, 2023

Total Value ($000): $3,403,779 (100.0% shares, 0.0% debt)

Holdings (20)

ACGL Arch Capital Group Ltd 11.2%

Value ($000) $379,804 Shares 5,596,054 Est. Cost $27.13 Unrealized +130.3%

ROST Ross Stores Inc 10.0%

Value ($000) $338,848 Shares 3,192,765 Est. Cost $83.31 Unrealized +30.6%

AZO AutoZone Inc. 9.9%

Value ($000) $338,359 Shares 137,648 Est. Cost $737.69 Unrealized +230.6%

GS Goldman Sachs Group Inc 7.0%

Value ($000) $239,471 Shares 732,080 Est. Cost $171.65 Unrealized +88.6%

TJX TJX Companies Inc 6.8%

Value ($000) $231,145 Shares 2,949,787 Est. Cost $57.18 Unrealized +32.3%

ORLY O'Reilly Automotive Inc 6.1%

Value ($000) $206,997 Shares 243,818 Est. Cost $15.68 Unrealized +249.3%

CMI Cummins Inc 6.0%

Value ($000) $203,341 Shares 851,226 Est. Cost $114.52 Unrealized +99.1%

DPZ Domino's Pizza Inc 5.6%

Value ($000) $190,977 Shares 578,947 Est. Cost $373.84 Unrealized -14.6%

STRA Strategic Education Inc 5.3%

Value ($000) $180,960 Shares 2,014,470 Est. Cost $80.69 Unrealized +1.3%

V Visa Inc Cl A 5.0%

Value ($000) $171,224 Shares 759,442 Est. Cost $95.97 Unrealized +127.0%

EXPD Expeditors International of Wa 4.8%

Value ($000) $164,434 Shares 1,493,223 Est. Cost $53.02 Unrealized +97.5%

MA Mastercard Inc Class A 4.8%

Value ($000) $163,137 Shares 448,905 Est. Cost $92.70 Unrealized +285.6%

PGR Progressive Corp 4.8%

Value ($000) $162,838 Shares 1,138,247 Est. Cost $86.62 Unrealized +45.4%

NVR NVR Inc 4.4%

Value ($000) $151,352 Shares 27,162 Est. Cost $2695.20 Unrealized +91.5%

MCO Moody's Corp. 3.8%

Value ($000) $130,549 Shares 426,604 Est. Cost $143.76 Unrealized +105.2%

FAST Fastenal Co 2.5%

Value ($000) $86,521 Shares 1,604,024 Est. Cost $11.78 Unrealized +102.9%

UNP Union Pacific Corporation 1.7%

Value ($000) $57,688 Shares 286,636 Est. Cost $80.75 Unrealized +134.5%

BIL SPDR Ser Tr 0.1%

Value ($000) $2,953 Shares 32,158 Est. Cost $91.51 Unrealized —

VGSH Vanguard Scottsdale Fds 0.1%

Value ($000) $2,822 Shares 48,213 Est. Cost $61.25 Unrealized —

USFR Wisdomtree Tr 0.0%

Value ($000) $359 Shares 7,151 Est. Cost $50.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACGL	Arch Capital Group Ltd	5,596,054	$379,804	11.2%	$27.13	+130.3%	COM	G0450A105
ROST	Ross Stores Inc	3,192,765	$338,848	10.0%	$83.31	+30.6%	COM	778296103
AZO	AutoZone Inc.	137,648	$338,359	9.9%	$737.69	+230.6%	COM	053332102
GS	Goldman Sachs Group Inc	732,080	$239,471	7.0%	$171.65	+88.6%	COM	38141G104
TJX	TJX Companies Inc	2,949,787	$231,145	6.8%	$57.18	+32.3%	COM	872540109
ORLY	O'Reilly Automotive Inc	243,818	$206,997	6.1%	$15.68	+249.3%	COM	67103H107
CMI	Cummins Inc	851,226	$203,341	6.0%	$114.52	+99.1%	COM	231021106
DPZ	Domino's Pizza Inc	578,947	$190,977	5.6%	$373.84	-14.6%	COM	25754A201
STRA	Strategic Education Inc	2,014,470	$180,960	5.3%	$80.69	+1.3%	COM	86272C103
V	Visa Inc Cl A	759,442	$171,224	5.0%	$95.97	+127.0%	COM	92826C839
EXPD	Expeditors International of Wa	1,493,223	$164,434	4.8%	$53.02	+97.5%	COM	302130109
MA	Mastercard Inc Class A	448,905	$163,137	4.8%	$92.70	+285.6%	COM	57636Q104
PGR	Progressive Corp	1,138,247	$162,838	4.8%	$86.62	+45.4%	COM	743315103
NVR	NVR Inc	27,162	$151,352	4.4%	$2695.20	+91.5%	COM	62944T105
MCO	Moody's Corp.	426,604	$130,549	3.8%	$143.76	+105.2%	COM	615369105
FAST	Fastenal Co	1,604,024	$86,521	2.5%	$11.78	+102.9%	COM	311900104
UNP	Union Pacific Corporation	286,636	$57,688	1.7%	$80.75	+134.5%	COM	907818108
BIL	SPDR Ser Tr	32,158	$2,953	0.1%	$91.51	—	Bloomberg 1-3 Mo	78468R663
VGSH	Vanguard Scottsdale Fds	48,213	$2,822	0.1%	$61.25	—	Short Term Treas	92206C102
USFR	Wisdomtree Tr	7,151	$359	0.0%	$50.27	—	Floating Rat Trea	97717Y527