MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q3 2023 (← Previous) (Next →)

Filing Date: Nov 14, 2023

Total Value ($000): $4,043,302 (100.0% shares, 0.0% debt)

Holdings (22)

ACGL Arch Capital Group Ltd 11.1%

Value ($000) $450,620 Shares 5,653,238 Est. Cost $28.75 Unrealized +157.4%

ROST Ross Stores Inc 9.7%

Value ($000) $391,103 Shares 3,462,617 Est. Cost $85.00 Unrealized +31.6%

AZO AutoZone Inc. 9.3%

Value ($000) $377,476 Shares 148,613 Est. Cost $870.34 Unrealized +188.3%

TJX TJX Companies Inc 6.9%

Value ($000) $280,430 Shares 3,155,153 Est. Cost $58.61 Unrealized +45.6%

GS Goldman Sachs Group Inc 6.5%

Value ($000) $263,199 Shares 813,423 Est. Cost $185.46 Unrealized +70.1%

ORLY O'Reilly Automotive Inc 5.9%

Value ($000) $239,697 Shares 263,734 Est. Cost $19.15 Unrealized +227.6%

DPZ Domino's Pizza Inc 5.9%

Value ($000) $239,683 Shares 632,758 Est. Cost $368.98 Unrealized +0.8%

CMI Cummins Inc 5.2%

Value ($000) $209,779 Shares 918,230 Est. Cost $122.09 Unrealized +87.2%

MA Mastercard Inc Class A 4.7%

Value ($000) $191,130 Shares 482,760 Est. Cost $112.75 Unrealized +251.4%

V Visa Inc Cl A 4.7%

Value ($000) $188,390 Shares 819,051 Est. Cost $105.60 Unrealized +123.7%

EXPD Expeditors International of Wa 4.6%

Value ($000) $183,970 Shares 1,604,906 Est. Cost $57.10 Unrealized +102.1%

NVR NVR Inc 4.3%

Value ($000) $173,818 Shares 29,148 Est. Cost $2917.07 Unrealized +112.9%

PGR Progressive Corp 3.9%

Value ($000) $158,820 Shares 1,140,129 Est. Cost $87.28 Unrealized +37.9%

STRA Strategic Education Inc 3.8%

Value ($000) $154,008 Shares 2,046,618 Est. Cost $80.63 Unrealized -14.4%

MCO Moody's Corp. 3.6%

Value ($000) $144,929 Shares 458,390 Est. Cost $155.89 Unrealized +114.1%

— Discover Financial Services 2.9%

Value ($000) $117,720 Shares 1,358,882 Est. Cost $109.91 Unrealized —

DIS Disney (Walt) Company 2.8%

Value ($000) $114,591 Shares 1,413,835 Est. Cost $83.44 Unrealized 0.0%

FAST Fastenal Co 2.4%

Value ($000) $95,412 Shares 1,746,191 Est. Cost $12.94 Unrealized +107.3%

UNP Union Pacific Corporation 1.6%

Value ($000) $63,344 Shares 311,075 Est. Cost $89.65 Unrealized +130.0%

BIL SPDR Ser Tr 0.1%

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

VGSH Vanguard Scottsdale Fds 0.0%

Value ($000) $1,903 Shares 33,032 Est. Cost $61.25 Unrealized —

USFR Wisdomtree Tr 0.0%

Value ($000) $329 Shares 6,541 Est. Cost $50.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ACGL	Arch Capital Group Ltd	5,653,238	$450,620	11.1%	$28.75	+157.4%	COM	G0450A105
ROST	Ross Stores Inc	3,462,617	$391,103	9.7%	$85.00	+31.6%	COM	778296103
AZO	AutoZone Inc.	148,613	$377,476	9.3%	$870.34	+188.3%	COM	053332102
TJX	TJX Companies Inc	3,155,153	$280,430	6.9%	$58.61	+45.6%	COM	872540109
GS	Goldman Sachs Group Inc	813,423	$263,199	6.5%	$185.46	+70.1%	COM	38141G104
ORLY	O'Reilly Automotive Inc	263,734	$239,697	5.9%	$19.15	+227.6%	COM	67103H107
DPZ	Domino's Pizza Inc	632,758	$239,683	5.9%	$368.98	+0.8%	COM	25754A201
CMI	Cummins Inc	918,230	$209,779	5.2%	$122.09	+87.2%	COM	231021106
MA	Mastercard Inc Class A	482,760	$191,130	4.7%	$112.75	+251.4%	COM	57636Q104
V	Visa Inc Cl A	819,051	$188,390	4.7%	$105.60	+123.7%	COM	92826C839
EXPD	Expeditors International of Wa	1,604,906	$183,970	4.6%	$57.10	+102.1%	COM	302130109
NVR	NVR Inc	29,148	$173,818	4.3%	$2917.07	+112.9%	COM	62944T105
PGR	Progressive Corp	1,140,129	$158,820	3.9%	$87.28	+37.9%	COM	743315103
STRA	Strategic Education Inc	2,046,618	$154,008	3.8%	$80.63	-14.4%	COM	86272C103
MCO	Moody's Corp.	458,390	$144,929	3.6%	$155.89	+114.1%	COM	615369105
—	Discover Financial Services	1,358,882	$117,720	2.9%	$109.91	—	COM	254709108
DIS	Disney (Walt) Company	1,413,835	$114,591	2.8%	$83.44	0.0%	COM	254687106
FAST	Fastenal Co	1,746,191	$95,412	2.4%	$12.94	+107.3%	COM	311900104
UNP	Union Pacific Corporation	311,075	$63,344	1.6%	$89.65	+130.0%	COM	907818108
BIL	SPDR Ser Tr	32,158	$2,953	0.1%	$91.51	—	Bloomberg 1-3 Mo	78468R663
VGSH	Vanguard Scottsdale Fds	33,032	$1,903	0.0%	$61.25	—	Short Term Treas	92206C102
USFR	Wisdomtree Tr	6,541	$329	0.0%	$50.27	—	Floating Rat Trea	97717Y527