MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value ($000): $4,925,149 (100.0% shares, 0.0% debt)

Holdings (21)

ROST Ross Stores Inc 10.9%

Value ($000) $537,811 Shares 3,886,202 Est. Cost $89.01 Unrealized +36.8%

AZO AutoZone Inc. 8.9%

Value ($000) $436,785 Shares 168,929 Est. Cost $1077.58 Unrealized +140.7%

ACGL Arch Capital Group Ltd 7.6%

Value ($000) $373,816 Shares 5,033,207 Est. Cost $28.75 Unrealized +170.3%

GS Goldman Sachs Group Inc 7.1%

Value ($000) $350,916 Shares 909,651 Est. Cost $199.45 Unrealized +59.3%

TJX TJX Companies Inc 6.7%

Value ($000) $332,116 Shares 3,540,306 Est. Cost $61.72 Unrealized +41.4%

DPZ Domino's Pizza Inc 5.9%

Value ($000) $292,047 Shares 708,456 Est. Cost $368.39 Unrealized -1.3%

ORLY O'Reilly Automotive Inc 5.8%

Value ($000) $286,679 Shares 301,742 Est. Cost $24.70 Unrealized +155.9%

— Discover Financial Services 5.7%

Value ($000) $278,372 Shares 2,476,618 Est. Cost $111.03 Unrealized —

CMI Cummins Inc 5.1%

Value ($000) $249,342 Shares 1,040,791 Est. Cost $133.25 Unrealized +62.7%

V Visa Inc Cl A 4.9%

Value ($000) $241,196 Shares 926,429 Est. Cost $121.48 Unrealized +99.8%

MA Mastercard Inc Class A 4.8%

Value ($000) $235,331 Shares 551,760 Est. Cost $148.31 Unrealized +167.8%

EXPD Expeditors International of Wa 4.7%

Value ($000) $229,938 Shares 1,807,685 Est. Cost $63.56 Unrealized +80.4%

NVR NVR Inc 4.6%

Value ($000) $228,628 Shares 32,659 Est. Cost $3266.56 Unrealized +88.8%

PGR Progressive Corp 4.1%

Value ($000) $203,180 Shares 1,275,614 Est. Cost $93.23 Unrealized +53.8%

MCO Moody's Corp. 4.1%

Value ($000) $201,078 Shares 514,846 Est. Cost $176.28 Unrealized +93.9%

STRA Strategic Education Inc 3.5%

Value ($000) $171,560 Shares 1,857,315 Est. Cost $80.63 Unrealized +1.5%

DIS Disney (Walt) Company 2.9%

Value ($000) $142,176 Shares 1,574,661 Est. Cost $83.72 Unrealized +3.0%

FAST Fastenal Co 2.6%

Value ($000) $129,300 Shares 1,996,299 Est. Cost $14.91 Unrealized +92.4%

BIL SPDR Ser Tr 0.1%

Value ($000) $2,939 Shares 32,158 Est. Cost $91.51 Unrealized —

VGSH Vanguard Scottsdale Fds 0.0%

Value ($000) $1,567 Shares 26,867 Est. Cost $61.25 Unrealized —

USFR Wisdomtree Tr 0.0%

Value ($000) $372 Shares 7,406 Est. Cost $50.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ROST	Ross Stores Inc	3,886,202	$537,811	10.9%	$89.01	+36.8%	COM	778296103
AZO	AutoZone Inc.	168,929	$436,785	8.9%	$1077.58	+140.7%	COM	053332102
ACGL	Arch Capital Group Ltd	5,033,207	$373,816	7.6%	$28.75	+170.3%	COM	G0450A105
GS	Goldman Sachs Group Inc	909,651	$350,916	7.1%	$199.45	+59.3%	COM	38141G104
TJX	TJX Companies Inc	3,540,306	$332,116	6.7%	$61.72	+41.4%	COM	872540109
DPZ	Domino's Pizza Inc	708,456	$292,047	5.9%	$368.39	-1.3%	COM	25754A201
ORLY	O'Reilly Automotive Inc	301,742	$286,679	5.8%	$24.70	+155.9%	COM	67103H107
—	Discover Financial Services	2,476,618	$278,372	5.7%	$111.03	—	COM	254709108
CMI	Cummins Inc	1,040,791	$249,342	5.1%	$133.25	+62.7%	COM	231021106
V	Visa Inc Cl A	926,429	$241,196	4.9%	$121.48	+99.8%	COM	92826C839
MA	Mastercard Inc Class A	551,760	$235,331	4.8%	$148.31	+167.8%	COM	57636Q104
EXPD	Expeditors International of Wa	1,807,685	$229,938	4.7%	$63.56	+80.4%	COM	302130109
NVR	NVR Inc	32,659	$228,628	4.6%	$3266.56	+88.8%	COM	62944T105
PGR	Progressive Corp	1,275,614	$203,180	4.1%	$93.23	+53.8%	COM	743315103
MCO	Moody's Corp.	514,846	$201,078	4.1%	$176.28	+93.9%	COM	615369105
STRA	Strategic Education Inc	1,857,315	$171,560	3.5%	$80.63	+1.5%	COM	86272C103
DIS	Disney (Walt) Company	1,574,661	$142,176	2.9%	$83.72	+3.0%	COM	254687106
FAST	Fastenal Co	1,996,299	$129,300	2.6%	$14.91	+92.4%	COM	311900104
BIL	SPDR Ser Tr	32,158	$2,939	0.1%	$91.51	—	Bloomberg 1-3 Mo	78468R663
VGSH	Vanguard Scottsdale Fds	26,867	$1,567	0.0%	$61.25	—	Short Term Treas	92206C102
USFR	Wisdomtree Tr	7,406	$372	0.0%	$50.27	—	Floating Rat Trea	97717Y527