MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 15, 2023

Total Value: $3.404B (100.0% shares, 0.0% debt)

Holdings (20)

ACGL Arch Capital Group Ltd 11.2%

Value $380M Shares 5,596,054 Share Price $67.87 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 10.0%

Value $339M Shares 3,192,765 Share Price $106.13 Est. Cost/Share — Unrealized @ Report Date —

AZO AutoZone Inc. 9.9%

Value $338M Shares 137,648 Share Price $2458.15 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 7.0%

Value $239M Shares 732,080 Share Price $327.11 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 6.8%

Value $231M Shares 2,949,787 Share Price $78.36 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 6.1%

Value $207M Shares 243,818 Share Price $848.98 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 6.0%

Value $203M Shares 851,226 Share Price $238.88 Est. Cost/Share — Unrealized @ Report Date —

DPZ Domino's Pizza Inc 5.6%

Value $191M Shares 578,947 Share Price $329.87 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 5.3%

Value $181M Shares 2,014,470 Share Price $89.83 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 5.0%

Value $171M Shares 759,442 Share Price $225.46 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 4.8%

Value $164M Shares 1,493,223 Share Price $110.12 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.8%

Value $163M Shares 448,905 Share Price $363.41 Est. Cost/Share — Unrealized @ Report Date —

PGR Progressive Corp 4.8%

Value $163M Shares 1,138,247 Share Price $143.06 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 4.4%

Value $151M Shares 27,162 Share Price $5572.19 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 3.8%

Value $131M Shares 426,604 Share Price $306.02 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 2.5%

Value $86.52M Shares 1,604,024 Share Price $53.94 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 1.7%

Value $57.69M Shares 286,636 Share Price $201.26 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.1%

Value $2.953M Shares 32,158 Share Price $91.82 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.1%

Value $2.822M Shares 48,213 Share Price $58.54 Est. Cost/Share — Unrealized @ Report Date —

USFR Wisdomtree Tr 0.0%

Value $359K Shares 7,151 Share Price $50.27 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ACGL	Arch Capital Group Ltd	5,596,054	$380M	11.2%	$67.87	—	—	COM	G0450A105
ROST	Ross Stores Inc	3,192,765	$339M	10.0%	$106.13	—	—	COM	778296103
AZO	AutoZone Inc.	137,648	$338M	9.9%	$2458.15	—	—	COM	053332102
GS	Goldman Sachs Group Inc	732,080	$239M	7.0%	$327.11	—	—	COM	38141G104
TJX	TJX Companies Inc	2,949,787	$231M	6.8%	$78.36	—	—	COM	872540109
ORLY	O'Reilly Automotive Inc	243,818	$207M	6.1%	$848.98	—	—	COM	67103H107
CMI	Cummins Inc	851,226	$203M	6.0%	$238.88	—	—	COM	231021106
DPZ	Domino's Pizza Inc	578,947	$191M	5.6%	$329.87	—	—	COM	25754A201
STRA	Strategic Education Inc	2,014,470	$181M	5.3%	$89.83	—	—	COM	86272C103
V	Visa Inc Cl A	759,442	$171M	5.0%	$225.46	—	—	COM	92826C839
EXPD	Expeditors International of Wa	1,493,223	$164M	4.8%	$110.12	—	—	COM	302130109
MA	Mastercard Inc Class A	448,905	$163M	4.8%	$363.41	—	—	COM	57636Q104
PGR	Progressive Corp	1,138,247	$163M	4.8%	$143.06	—	—	COM	743315103
NVR	NVR Inc	27,162	$151M	4.4%	$5572.19	—	—	COM	62944T105
MCO	Moody's Corp.	426,604	$131M	3.8%	$306.02	—	—	COM	615369105
FAST	Fastenal Co	1,604,024	$86.52M	2.5%	$53.94	—	—	COM	311900104
UNP	Union Pacific Corporation	286,636	$57.69M	1.7%	$201.26	—	—	COM	907818108
BIL	SPDR Ser Tr	32,158	$2.953M	0.1%	$91.82	—	—	Bloomberg 1-3 Mo	78468R663
VGSH	Vanguard Scottsdale Fds	48,213	$2.822M	0.1%	$58.54	—	—	Short Term Treas	92206C102
USFR	Wisdomtree Tr	7,151	$359K	0.0%	$50.27	—	—	Floating Rat Trea	97717Y527