MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 14, 2023

Total Value ($000): $3,847,423 (100.0% shares, 0.0% debt)

Holdings (21)

ACGL Arch Capital Group Ltd 11.3%

Value ($000) $435,750 Shares 5,821,637 Est. Cost $28.75 Unrealized +139.2%

ROST Ross Stores Inc 9.9%

Value ($000) $379,195 Shares 3,381,748 Est. Cost $84.36 Unrealized +21.1%

AZO AutoZone Inc. 9.4%

Value ($000) $360,702 Shares 144,665 Est. Cost $825.61 Unrealized +208.9%

TJX TJX Companies Inc 6.8%

Value ($000) $261,951 Shares 3,089,414 Est. Cost $58.04 Unrealized +31.2%

GS Goldman Sachs Group Inc 6.7%

Value ($000) $255,909 Shares 793,417 Est. Cost $182.18 Unrealized +69.0%

ORLY O'Reilly Automotive Inc 6.4%

Value ($000) $246,145 Shares 257,663 Est. Cost $18.12 Unrealized +237.0%

CMI Cummins Inc 5.7%

Value ($000) $219,510 Shares 895,373 Est. Cost $119.37 Unrealized +78.4%

DPZ Domino's Pizza Inc 5.5%

Value ($000) $209,776 Shares 622,499 Est. Cost $368.93 Unrealized -17.7%

EXPD Expeditors International of Wa 4.9%

Value ($000) $190,223 Shares 1,570,405 Est. Cost $55.82 Unrealized +97.0%

V Visa Inc Cl A 4.9%

Value ($000) $189,892 Shares 799,612 Est. Cost $102.42 Unrealized +119.1%

MA Mastercard Inc Class A 4.8%

Value ($000) $185,417 Shares 471,438 Est. Cost $105.94 Unrealized +249.1%

NVR NVR Inc 4.7%

Value ($000) $180,859 Shares 28,479 Est. Cost $2839.71 Unrealized +105.0%

MCO Moody's Corp. 4.0%

Value ($000) $155,463 Shares 447,093 Est. Cost $151.40 Unrealized +105.0%

PGR Progressive Corp 3.8%

Value ($000) $147,977 Shares 1,117,902 Est. Cost $86.62 Unrealized +41.5%

STRA Strategic Education Inc 3.6%

Value ($000) $138,267 Shares 2,038,133 Est. Cost $80.63 Unrealized -5.7%

— Discover Financial Services 3.2%

Value ($000) $122,295 Shares 1,046,601 Est. Cost $116.85 Unrealized —

FAST Fastenal Co 2.6%

Value ($000) $100,460 Shares 1,702,998 Est. Cost $12.58 Unrealized +104.1%

UNP Union Pacific Corporation 1.6%

Value ($000) $61,818 Shares 302,111 Est. Cost $86.19 Unrealized +117.0%

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) $2,523 Shares 43,703 Est. Cost $61.25 Unrealized —

USFR Wisdomtree Tr 0.0%

Value ($000) $339 Shares 6,731 Est. Cost $50.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACGL	Arch Capital Group Ltd	5,821,637	$435,750	11.3%	$28.75	+139.2%	COM	G0450A105
ROST	Ross Stores Inc	3,381,748	$379,195	9.9%	$84.36	+21.1%	COM	778296103
AZO	AutoZone Inc.	144,665	$360,702	9.4%	$825.61	+208.9%	COM	053332102
TJX	TJX Companies Inc	3,089,414	$261,951	6.8%	$58.04	+31.2%	COM	872540109
GS	Goldman Sachs Group Inc	793,417	$255,909	6.7%	$182.18	+69.0%	COM	38141G104
ORLY	O'Reilly Automotive Inc	257,663	$246,145	6.4%	$18.12	+237.0%	COM	67103H107
CMI	Cummins Inc	895,373	$219,510	5.7%	$119.37	+78.4%	COM	231021106
DPZ	Domino's Pizza Inc	622,499	$209,776	5.5%	$368.93	-17.7%	COM	25754A201
EXPD	Expeditors International of Wa	1,570,405	$190,223	4.9%	$55.82	+97.0%	COM	302130109
V	Visa Inc Cl A	799,612	$189,892	4.9%	$102.42	+119.1%	COM	92826C839
MA	Mastercard Inc Class A	471,438	$185,417	4.8%	$105.94	+249.1%	COM	57636Q104
NVR	NVR Inc	28,479	$180,859	4.7%	$2839.71	+105.0%	COM	62944T105
MCO	Moody's Corp.	447,093	$155,463	4.0%	$151.40	+105.0%	COM	615369105
PGR	Progressive Corp	1,117,902	$147,977	3.8%	$86.62	+41.5%	COM	743315103
STRA	Strategic Education Inc	2,038,133	$138,267	3.6%	$80.63	-5.7%	COM	86272C103
—	Discover Financial Services	1,046,601	$122,295	3.2%	$116.85	—	COM	254709108
FAST	Fastenal Co	1,702,998	$100,460	2.6%	$12.58	+104.1%	COM	311900104
UNP	Union Pacific Corporation	302,111	$61,818	1.6%	$86.19	+117.0%	COM	907818108
BIL	SPDR Ser Tr	32,158	$2,953	0.1%	$91.51	—	Bloomberg 1-3 Mo	78468R663
VGSH	Vanguard Scottsdale Fds	43,703	$2,523	0.1%	$61.25	—	Short Term Treas	92206C102
USFR	Wisdomtree Tr	6,731	$339	0.0%	$50.27	—	Floating Rat Trea	97717Y527