MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 14, 2023

Total Value: $3.847B (100.0% shares, 0.0% debt)

Holdings (21)

ACGL Arch Capital Group Ltd 11.3%

Value $436M Shares 5,821,637 Share Price $74.85 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 9.9%

Value $379M Shares 3,381,748 Share Price $112.13 Est. Cost/Share — Unrealized @ Report Date —

AZO AutoZone Inc. 9.4%

Value $361M Shares 144,665 Share Price $2493.36 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 6.8%

Value $262M Shares 3,089,414 Share Price $84.79 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 6.7%

Value $256M Shares 793,417 Share Price $322.54 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 6.4%

Value $246M Shares 257,663 Share Price $955.30 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 5.7%

Value $220M Shares 895,373 Share Price $245.16 Est. Cost/Share — Unrealized @ Report Date —

DPZ Domino's Pizza Inc 5.5%

Value $210M Shares 622,499 Share Price $336.99 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 4.9%

Value $190M Shares 1,570,405 Share Price $121.13 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.9%

Value $190M Shares 799,612 Share Price $237.48 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.8%

Value $185M Shares 471,438 Share Price $393.30 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 4.7%

Value $181M Shares 28,479 Share Price $6350.62 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 4.0%

Value $155M Shares 447,093 Share Price $347.72 Est. Cost/Share — Unrealized @ Report Date —

PGR Progressive Corp 3.8%

Value $148M Shares 1,117,902 Share Price $132.37 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 3.6%

Value $138M Shares 2,038,133 Share Price $67.84 Est. Cost/Share — Unrealized @ Report Date —

— Discover Financial Services 3.2%

Value $122M Shares 1,046,601 Share Price $116.85 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 2.6%

Value $100M Shares 1,702,998 Share Price $58.99 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 1.6%

Value $61.82M Shares 302,111 Share Price $204.62 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 $2.523M Shares 43,703 Share Price $57.73 Est. Cost/Share — Unrealized @ Report Date —

USFR Wisdomtree Tr 0.0%

Value $339K Shares 6,731 Share Price $50.32 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	5,821,637	$436M	11.3%	$74.85	—	—	COM	G0450A105
ROST	Ross Stores Inc	3,381,748	$379M	9.9%	$112.13	—	—	COM	778296103
AZO	AutoZone Inc.	144,665	$361M	9.4%	$2493.36	—	—	COM	053332102
TJX	TJX Companies Inc	3,089,414	$262M	6.8%	$84.79	—	—	COM	872540109
GS	Goldman Sachs Group Inc	793,417	$256M	6.7%	$322.54	—	—	COM	38141G104
ORLY	O'Reilly Automotive Inc	257,663	$246M	6.4%	$955.30	—	—	COM	67103H107
CMI	Cummins Inc	895,373	$220M	5.7%	$245.16	—	—	COM	231021106
DPZ	Domino's Pizza Inc	622,499	$210M	5.5%	$336.99	—	—	COM	25754A201
EXPD	Expeditors International of Wa	1,570,405	$190M	4.9%	$121.13	—	—	COM	302130109
V	Visa Inc Cl A	799,612	$190M	4.9%	$237.48	—	—	COM	92826C839
MA	Mastercard Inc Class A	471,438	$185M	4.8%	$393.30	—	—	COM	57636Q104
NVR	NVR Inc	28,479	$181M	4.7%	$6350.62	—	—	COM	62944T105
MCO	Moody's Corp.	447,093	$155M	4.0%	$347.72	—	—	COM	615369105
PGR	Progressive Corp	1,117,902	$148M	3.8%	$132.37	—	—	COM	743315103
STRA	Strategic Education Inc	2,038,133	$138M	3.6%	$67.84	—	—	COM	86272C103
—	Discover Financial Services	1,046,601	$122M	3.2%	$116.85	—	—	COM	254709108
FAST	Fastenal Co	1,702,998	$100M	2.6%	$58.99	—	—	COM	311900104
UNP	Union Pacific Corporation	302,111	$61.82M	1.6%	$204.62	—	—	COM	907818108
BIL	SPDR Ser Tr	32,158	$2.953M	0.1%	$91.82	—	—	Bloomberg 1-3 Mo	78468R663
VGSH	Vanguard Scottsdale Fds	43,703	$2.523M	0.1%	$57.73	—	—	Short Term Treas	92206C102
USFR	Wisdomtree Tr	6,731	$339K	0.0%	$50.32	—	—	Floating Rat Trea	97717Y527