MARSHFIELD ASSOCIATES Long-Term Concentrated

Location: Washington, DC

CIK: 0000914976 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value: $4.925B (100.0% shares, 0.0% debt)

Holdings (21)

ROST Ross Stores Inc 10.9%

Value $538M Shares 3,886,202 Share Price $138.39 Est. Cost/Share — Unrealized @ Report Date —

AZO AutoZone Inc. 8.9%

Value $437M Shares 168,929 Share Price $2585.61 Est. Cost/Share — Unrealized @ Report Date —

ACGL Arch Capital Group Ltd 7.6%

Value $374M Shares 5,033,207 Share Price $74.27 Est. Cost/Share — Unrealized @ Report Date —

GS Goldman Sachs Group Inc 7.1%

Value $351M Shares 909,651 Share Price $385.77 Est. Cost/Share — Unrealized @ Report Date —

TJX TJX Companies Inc 6.7%

Value $332M Shares 3,540,306 Share Price $93.81 Est. Cost/Share — Unrealized @ Report Date —

DPZ Domino's Pizza Inc 5.9%

Value $292M Shares 708,456 Share Price $412.23 Est. Cost/Share — Unrealized @ Report Date —

ORLY O'Reilly Automotive Inc 5.8%

Value $287M Shares 301,742 Share Price $950.08 Est. Cost/Share — Unrealized @ Report Date —

— Discover Financial Services 5.7%

Value $278M Shares 2,476,618 Share Price $112.40 Est. Cost/Share — Unrealized @ Report Date —

CMI Cummins Inc 5.1%

Value $249M Shares 1,040,791 Share Price $239.57 Est. Cost/Share — Unrealized @ Report Date —

V Visa Inc Cl A 4.9%

Value $241M Shares 926,429 Share Price $260.35 Est. Cost/Share — Unrealized @ Report Date —

MA Mastercard Inc Class A 4.8%

Value $235M Shares 551,760 Share Price $426.51 Est. Cost/Share — Unrealized @ Report Date —

EXPD Expeditors International of Wa 4.7%

Value $230M Shares 1,807,685 Share Price $127.20 Est. Cost/Share — Unrealized @ Report Date —

NVR NVR Inc 4.6%

Value $229M Shares 32,659 Share Price $7000.45 Est. Cost/Share — Unrealized @ Report Date —

PGR Progressive Corp 4.1%

Value $203M Shares 1,275,614 Share Price $159.28 Est. Cost/Share — Unrealized @ Report Date —

MCO Moody's Corp. 4.1%

Value $201M Shares 514,846 Share Price $390.56 Est. Cost/Share — Unrealized @ Report Date —

STRA Strategic Education Inc 3.5%

Value $172M Shares 1,857,315 Share Price $92.37 Est. Cost/Share — Unrealized @ Report Date —

DIS Disney (Walt) Company 2.9%

Value $142M Shares 1,574,661 Share Price $90.29 Est. Cost/Share — Unrealized @ Report Date —

FAST Fastenal Co 2.6%

Value $129M Shares 1,996,299 Share Price $64.77 Est. Cost/Share — Unrealized @ Report Date —

BIL SPDR Ser Tr 0.1%

Value $2.939M Shares 32,158 Share Price $91.39 Est. Cost/Share — Unrealized @ Report Date —

VGSH Vanguard Scottsdale Fds 0.0%

Value $1.567M Shares 26,867 Share Price $58.33 Est. Cost/Share — Unrealized @ Report Date —

USFR Wisdomtree Tr 0.0%

Value $372K Shares 7,406 Share Price $50.24 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ROST	Ross Stores Inc	3,886,202	$538M	10.9%	$138.39	—	—	COM	778296103
AZO	AutoZone Inc.	168,929	$437M	8.9%	$2585.61	—	—	COM	053332102
ACGL	Arch Capital Group Ltd	5,033,207	$374M	7.6%	$74.27	—	—	COM	G0450A105
GS	Goldman Sachs Group Inc	909,651	$351M	7.1%	$385.77	—	—	COM	38141G104
TJX	TJX Companies Inc	3,540,306	$332M	6.7%	$93.81	—	—	COM	872540109
DPZ	Domino's Pizza Inc	708,456	$292M	5.9%	$412.23	—	—	COM	25754A201
ORLY	O'Reilly Automotive Inc	301,742	$287M	5.8%	$950.08	—	—	COM	67103H107
—	Discover Financial Services	2,476,618	$278M	5.7%	$112.40	—	—	COM	254709108
CMI	Cummins Inc	1,040,791	$249M	5.1%	$239.57	—	—	COM	231021106
V	Visa Inc Cl A	926,429	$241M	4.9%	$260.35	—	—	COM	92826C839
MA	Mastercard Inc Class A	551,760	$235M	4.8%	$426.51	—	—	COM	57636Q104
EXPD	Expeditors International of Wa	1,807,685	$230M	4.7%	$127.20	—	—	COM	302130109
NVR	NVR Inc	32,659	$229M	4.6%	$7000.45	—	—	COM	62944T105
PGR	Progressive Corp	1,275,614	$203M	4.1%	$159.28	—	—	COM	743315103
MCO	Moody's Corp.	514,846	$201M	4.1%	$390.56	—	—	COM	615369105
STRA	Strategic Education Inc	1,857,315	$172M	3.5%	$92.37	—	—	COM	86272C103
DIS	Disney (Walt) Company	1,574,661	$142M	2.9%	$90.29	—	—	COM	254687106
FAST	Fastenal Co	1,996,299	$129M	2.6%	$64.77	—	—	COM	311900104
BIL	SPDR Ser Tr	32,158	$2.939M	0.1%	$91.39	—	—	Bloomberg 1-3 Mo	78468R663
VGSH	Vanguard Scottsdale Fds	26,867	$1.567M	0.0%	$58.33	—	—	Short Term Treas	92206C102
USFR	Wisdomtree Tr	7,406	$372K	0.0%	$50.24	—	—	Floating Rat Trea	97717Y527