MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 14, 2023

Total Value: $4.043B (100.0% shares, 0.0% debt)

Holdings (22)

ACGL Arch Capital Group Ltd 11.1%

Value $451M Shares 5,653,238 Share Price $79.71 Est. Cost/Share — Unrealized @ Report Date —

ROST Ross Stores Inc 9.7%

Value $391M Shares 3,462,617 Share Price $112.95 Est. Cost/Share — Unrealized @ Report Date —

AZO AutoZone Inc. 9.3%

Value $377M Shares 148,613 Share Price $2539.99 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 6.9%

Value $280M Shares 3,155,153 Share Price $88.88 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 6.5%

Value $263M Shares 813,423 Share Price $323.57 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 5.9%

Value $240M Shares 263,734 Share Price $908.86 Est. Cost/Share — Unrealized @ Report Date —

DPZ Domino's Pizza Inc 5.9%

Value $240M Shares 632,758 Share Price $378.79 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 5.2%

Value $210M Shares 918,230 Share Price $228.46 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.7%

Value $191M Shares 482,760 Share Price $395.91 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.7%

Value $188M Shares 819,051 Share Price $230.01 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 4.6%

Value $184M Shares 1,604,906 Share Price $114.63 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 4.3%

Value $174M Shares 29,148 Share Price $5963.30 Est. Cost/Share — Unrealized @ Report Date —

PGR Progressive Corp 3.9%

Value $159M Shares 1,140,129 Share Price $139.30 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 3.8%

Value $154M Shares 2,046,618 Share Price $75.25 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 3.6%

Value $145M Shares 458,390 Share Price $316.17 Est. Cost/Share — Unrealized @ Report Date —

— Discover Financial Services 2.9%

Value $118M Shares 1,358,882 Share Price $86.63 Est. Cost/Share — Unrealized @ Report Date —

DIS Disney (Walt) Company 2.8%

Value $115M Shares 1,413,835 Share Price $81.05 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 2.4%

Value $95.41M Shares 1,746,191 Share Price $54.64 Est. Cost/Share — Unrealized @ Report Date —

UNP Union Pacific Corporation 1.6%

Value $63.34M Shares 311,075 Share Price $203.63 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 0.0%

Value $1.903M Shares 33,032 Share Price $57.60 Est. Cost/Share — Unrealized @ Report Date —

USFR Wisdomtree Tr 0.0%

Value $329K Shares 6,541 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	5,653,238	$451M	11.1%	$79.71	—	—	COM	G0450A105
ROST	Ross Stores Inc	3,462,617	$391M	9.7%	$112.95	—	—	COM	778296103
AZO	AutoZone Inc.	148,613	$377M	9.3%	$2539.99	—	—	COM	053332102
TJX	TJX Companies Inc	3,155,153	$280M	6.9%	$88.88	—	—	COM	872540109
GS	Goldman Sachs Group Inc	813,423	$263M	6.5%	$323.57	—	—	COM	38141G104
ORLY	O'Reilly Automotive Inc	263,734	$240M	5.9%	$908.86	—	—	COM	67103H107
DPZ	Domino's Pizza Inc	632,758	$240M	5.9%	$378.79	—	—	COM	25754A201
CMI	Cummins Inc	918,230	$210M	5.2%	$228.46	—	—	COM	231021106
MA	Mastercard Inc Class A	482,760	$191M	4.7%	$395.91	—	—	COM	57636Q104
V	Visa Inc Cl A	819,051	$188M	4.7%	$230.01	—	—	COM	92826C839
EXPD	Expeditors International of Wa	1,604,906	$184M	4.6%	$114.63	—	—	COM	302130109
NVR	NVR Inc	29,148	$174M	4.3%	$5963.30	—	—	COM	62944T105
PGR	Progressive Corp	1,140,129	$159M	3.9%	$139.30	—	—	COM	743315103
STRA	Strategic Education Inc	2,046,618	$154M	3.8%	$75.25	—	—	COM	86272C103
MCO	Moody's Corp.	458,390	$145M	3.6%	$316.17	—	—	COM	615369105
—	Discover Financial Services	1,358,882	$118M	2.9%	$86.63	—	—	COM	254709108
DIS	Disney (Walt) Company	1,413,835	$115M	2.8%	$81.05	—	—	COM	254687106
FAST	Fastenal Co	1,746,191	$95.41M	2.4%	$54.64	—	—	COM	311900104
UNP	Union Pacific Corporation	311,075	$63.34M	1.6%	$203.63	—	—	COM	907818108
BIL	SPDR Ser Tr	32,158	$2.953M	0.1%	$91.82	—	—	Bloomberg 1-3 Mo	78468R663
VGSH	Vanguard Scottsdale Fds	33,032	$1.903M	0.0%	$57.60	—	—	Short Term Treas	92206C102
USFR	Wisdomtree Tr	6,541	$329K	0.0%	$50.32	—	—	Floating Rat Trea	97717Y527