Filed: 5/15/2023ACC: 0000950123-23-005259
📋 What this filing means
MARSHFIELD ASSOCIATES filed this quarterly 13F‑HR report disclosing 20 equity positions with a total reported market value of $3.40B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
20
Positions
$3.40B
Total AUM (reported)
22.57M
Total Shares
Allocation by class
COM$3.40B99.8%
BLOOMBERG 1-3 MO$2.95M0.1%
SHORT TERM TREAS$2.82M0.1%
FLOATING RAT TREA$359.5K0.0%
Portfolio Concentration
Top 3$1.06B31.1%
4–10$1.42B41.8%
11–25$922.65M27.1%
Top 3 weight
31.1%
Top 10 weight
72.9%
Voting Authority Distribution
Total shares with voting rights: 22.57M
Sole
Full voting authority
19.48M
shares
% of voting shares86.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
3.09M
shares
% of voting shares13.7%
Investment Discretion (by position count)
Sole20
Shared0
Other0
Dominant voting typeSole · 86.3% of voting shares
Institutional Holdings20
Rows:
Arch Capital Group Ltd
SOLEShares5.60M
TypeSH
Market value$379.80M
11.16%
Sole
4.80M
Shared
0.00
None
796.77K
Ross Stores Inc
SOLEShares3.19M
TypeSH
Market value$338.85M
9.96%
Sole
2.82M
Shared
0.00
None
370.87K
AutoZone Inc.
SOLEShares137.65K
TypeSH
Market value$338.36M
9.94%
Sole
116.90K
Shared
0.00
None
20.75K
Goldman Sachs Group Inc
SOLEShares732.08K
TypeSH
Market value$239.47M
7.04%
Sole
635.21K
Shared
0.00
None
96.87K
TJX Companies Inc
SOLEShares2.95M
TypeSH
Market value$231.15M
6.79%
Sole
2.58M
Shared
0.00
None
371.97K
O'Reilly Automotive Inc
SOLEShares243.82K
TypeSH
Market value$207.00M
6.08%
Sole
204.28K
Shared
0.00
None
39.53K
Cummins Inc
SOLEShares851.23K
TypeSH
Market value$203.34M
5.97%
Sole
723.90K
Shared
0.00
None
127.33K
Domino's Pizza Inc
SOLEShares578.95K
TypeSH
Market value$190.98M
5.61%
Sole
513.37K
Shared
0.00
None
65.58K
Strategic Education Inc
SOLEShares2.01M
TypeSH
Market value$180.96M
5.32%
Sole
1.75M
Shared
0.00
None
259.78K
Visa Inc Cl A
SOLEShares759.44K
TypeSH
Market value$171.22M
5.03%
Sole
642.94K
Shared
0.00
None
116.50K
Expeditors International of Wa
SOLEShares1.49M
TypeSH
Market value$164.43M
4.83%
Sole
1.29M
Shared
0.00
None
203.47K
Mastercard Inc Class A
SOLEShares448.90K
TypeSH
Market value$163.14M
4.79%
Sole
363.77K
Shared
0.00
None
85.14K
Progressive Corp
SOLEShares1.14M
TypeSH
Market value$162.84M
4.78%
Sole
987.03K
Shared
0.00
None
151.22K
NVR Inc
SOLEShares27.16K
TypeSH
Market value$151.35M
4.45%
Sole
23.76K
Shared
0.00
None
3.40K
Moody's Corp.
SOLEShares426.60K
TypeSH
Market value$130.55M
3.84%
Sole
372.34K
Shared
0.00
None
54.26K
Fastenal Co
SOLEShares1.60M
TypeSH
Market value$86.52M
2.54%
Sole
1.33M
Shared
0.00
None
275.73K
Union Pacific Corporation
SOLEShares286.64K
TypeSH
Market value$57.69M
1.69%
Sole
239.34K
Shared
0.00
None
47.30K
SPDR Ser Tr
SOLEShares32.16K
TypeSH
Market value$2.95M
0.09%
Sole
32.16K
Shared
0.00
None
0.00
Vanguard Scottsdale Fds
SOLEShares48.21K
TypeSH
Market value$2.82M
0.08%
Sole
48.21K
Shared
0.00
None
0.00
Wisdomtree Tr
SOLEShares7.15K
TypeSH
Market value$359.5K
0.01%
Sole
7.15K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Arch Capital Group LtdSOLE | COM | 5.60M | SH | $379.80M 11.16% | 4.80M | 0.00 | 796.77K |
Ross Stores IncSOLE | COM | 3.19M | SH | $338.85M 9.96% | 2.82M | 0.00 | 370.87K |
AutoZone Inc.SOLE | COM | 137.65K | SH | $338.36M 9.94% | 116.90K | 0.00 | 20.75K |
Goldman Sachs Group IncSOLE | COM | 732.08K | SH | $239.47M 7.04% | 635.21K | 0.00 | 96.87K |
TJX Companies IncSOLE | COM | 2.95M | SH | $231.15M 6.79% | 2.58M | 0.00 | 371.97K |
O'Reilly Automotive IncSOLE | COM | 243.82K | SH | $207.00M 6.08% | 204.28K | 0.00 | 39.53K |
Cummins IncSOLE | COM | 851.23K | SH | $203.34M 5.97% | 723.90K | 0.00 | 127.33K |
Domino's Pizza IncSOLE | COM | 578.95K | SH | $190.98M 5.61% | 513.37K | 0.00 | 65.58K |
Strategic Education IncSOLE | COM | 2.01M | SH | $180.96M 5.32% | 1.75M | 0.00 | 259.78K |
Visa Inc Cl ASOLE | COM | 759.44K | SH | $171.22M 5.03% | 642.94K | 0.00 | 116.50K |
Expeditors International of WaSOLE | COM | 1.49M | SH | $164.43M 4.83% | 1.29M | 0.00 | 203.47K |
Mastercard Inc Class ASOLE | COM | 448.90K | SH | $163.14M 4.79% | 363.77K | 0.00 | 85.14K |
Progressive CorpSOLE | COM | 1.14M | SH | $162.84M 4.78% | 987.03K | 0.00 | 151.22K |
NVR IncSOLE | COM | 27.16K | SH | $151.35M 4.45% | 23.76K | 0.00 | 3.40K |
Moody's Corp.SOLE | COM | 426.60K | SH | $130.55M 3.84% | 372.34K | 0.00 | 54.26K |
Fastenal CoSOLE | COM | 1.60M | SH | $86.52M 2.54% | 1.33M | 0.00 | 275.73K |
Union Pacific CorporationSOLE | COM | 286.64K | SH | $57.69M 1.69% | 239.34K | 0.00 | 47.30K |
SPDR Ser TrSOLE | Bloomberg 1-3 Mo | 32.16K | SH | $2.95M 0.09% | 32.16K | 0.00 | 0.00 |
Vanguard Scottsdale FdsSOLE | Short Term Treas | 48.21K | SH | $2.82M 0.08% | 48.21K | 0.00 | 0.00 |
Wisdomtree TrSOLE | Floating Rat Trea | 7.15K | SH | $359.5K 0.01% | 7.15K | 0.00 | 0.00 |