Filed: 8/14/2023ACC: 0000950123-23-008094
📋 What this filing means
MARSHFIELD ASSOCIATES filed this quarterly 13F‑HR report disclosing 21 equity positions with a total reported market value of $3.85B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
21
Positions
$3.85B
Total AUM (reported)
24.61M
Total Shares
Allocation by class
COM$3.84B99.8%
BLOOMBERG 1-3 MO$2.95M0.1%
SHORT TERM TREAS$2.52M0.1%
FLOATING RAT TREA$338.7K0.0%
Portfolio Concentration
Top 3$1.18B30.6%
4–10$1.57B40.9%
11–25$1.10B28.5%
Top 3 weight
30.6%
Top 10 weight
71.5%
Voting Authority Distribution
Total shares with voting rights: 24.61M
Sole
Full voting authority
21.32M
shares
% of voting shares86.6%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
3.29M
shares
% of voting shares13.4%
Investment Discretion (by position count)
Sole21
Shared0
Other0
Dominant voting typeSole · 86.6% of voting shares
Institutional Holdings21
Rows:
Arch Capital Group Ltd
SOLEShares5.82M
TypeSH
Market value$435.75M
11.33%
Sole
5.01M
Shared
0.00
None
816.13K
Ross Stores Inc
SOLEShares3.38M
TypeSH
Market value$379.20M
9.86%
Sole
2.98M
Shared
0.00
None
398.80K
AutoZone Inc.
SOLEShares144.66K
TypeSH
Market value$360.70M
9.38%
Sole
123.15K
Shared
0.00
None
21.52K
TJX Companies Inc
SOLEShares3.09M
TypeSH
Market value$261.95M
6.81%
Sole
2.70M
Shared
0.00
None
393.10K
Goldman Sachs Group Inc
SOLEShares793.42K
TypeSH
Market value$255.91M
6.65%
Sole
690.74K
Shared
0.00
None
102.68K
O'Reilly Automotive Inc
SOLEShares257.66K
TypeSH
Market value$246.15M
6.40%
Sole
217.25K
Shared
0.00
None
40.42K
Cummins Inc
SOLEShares895.37K
TypeSH
Market value$219.51M
5.71%
Sole
762.04K
Shared
0.00
None
133.34K
Domino's Pizza Inc
SOLEShares622.50K
TypeSH
Market value$209.78M
5.45%
Sole
553.72K
Shared
0.00
None
68.78K
Expeditors International of Wa
SOLEShares1.57M
TypeSH
Market value$190.22M
4.94%
Sole
1.36M
Shared
0.00
None
215.18K
Visa Inc Cl A
SOLEShares799.61K
TypeSH
Market value$189.89M
4.94%
Sole
678.54K
Shared
0.00
None
121.07K
Mastercard Inc Class A
SOLEShares471.44K
TypeSH
Market value$185.42M
4.82%
Sole
387.26K
Shared
0.00
None
84.17K
NVR Inc
SOLEShares28.48K
TypeSH
Market value$180.86M
4.70%
Sole
24.86K
Shared
0.00
None
3.62K
Moody's Corp.
SOLEShares447.09K
TypeSH
Market value$155.46M
4.04%
Sole
390.61K
Shared
0.00
None
56.48K
Progressive Corp
SOLEShares1.12M
TypeSH
Market value$147.98M
3.85%
Sole
969.17K
Shared
0.00
None
148.73K
Strategic Education Inc
SOLEShares2.04M
TypeSH
Market value$138.27M
3.59%
Sole
1.78M
Shared
0.00
None
261.15K
Discover Financial Services
SOLEShares1.05M
TypeSH
Market value$122.30M
3.18%
Sole
954.45K
Shared
0.00
None
92.15K
Fastenal Co
SOLEShares1.70M
TypeSH
Market value$100.46M
2.61%
Sole
1.42M
Shared
0.00
None
284.16K
Union Pacific Corporation
SOLEShares302.11K
TypeSH
Market value$61.82M
1.61%
Sole
254.08K
Shared
0.00
None
48.03K
SPDR Ser Tr
SOLEShares32.16K
TypeSH
Market value$2.95M
0.08%
Sole
32.16K
Shared
0.00
None
0.00
Vanguard Scottsdale Fds
SOLEShares43.70K
TypeSH
Market value$2.52M
0.07%
Sole
43.70K
Shared
0.00
None
0.00
Wisdomtree Tr
SOLEShares6.73K
TypeSH
Market value$338.7K
<0.01%
Sole
6.73K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Arch Capital Group LtdSOLE | COM | 5.82M | SH | $435.75M 11.33% | 5.01M | 0.00 | 816.13K |
Ross Stores IncSOLE | COM | 3.38M | SH | $379.20M 9.86% | 2.98M | 0.00 | 398.80K |
AutoZone Inc.SOLE | COM | 144.66K | SH | $360.70M 9.38% | 123.15K | 0.00 | 21.52K |
TJX Companies IncSOLE | COM | 3.09M | SH | $261.95M 6.81% | 2.70M | 0.00 | 393.10K |
Goldman Sachs Group IncSOLE | COM | 793.42K | SH | $255.91M 6.65% | 690.74K | 0.00 | 102.68K |
O'Reilly Automotive IncSOLE | COM | 257.66K | SH | $246.15M 6.40% | 217.25K | 0.00 | 40.42K |
Cummins IncSOLE | COM | 895.37K | SH | $219.51M 5.71% | 762.04K | 0.00 | 133.34K |
Domino's Pizza IncSOLE | COM | 622.50K | SH | $209.78M 5.45% | 553.72K | 0.00 | 68.78K |
Expeditors International of WaSOLE | COM | 1.57M | SH | $190.22M 4.94% | 1.36M | 0.00 | 215.18K |
Visa Inc Cl ASOLE | COM | 799.61K | SH | $189.89M 4.94% | 678.54K | 0.00 | 121.07K |
Mastercard Inc Class ASOLE | COM | 471.44K | SH | $185.42M 4.82% | 387.26K | 0.00 | 84.17K |
NVR IncSOLE | COM | 28.48K | SH | $180.86M 4.70% | 24.86K | 0.00 | 3.62K |
Moody's Corp.SOLE | COM | 447.09K | SH | $155.46M 4.04% | 390.61K | 0.00 | 56.48K |
Progressive CorpSOLE | COM | 1.12M | SH | $147.98M 3.85% | 969.17K | 0.00 | 148.73K |
Strategic Education IncSOLE | COM | 2.04M | SH | $138.27M 3.59% | 1.78M | 0.00 | 261.15K |
Discover Financial ServicesSOLE | COM | 1.05M | SH | $122.30M 3.18% | 954.45K | 0.00 | 92.15K |
Fastenal CoSOLE | COM | 1.70M | SH | $100.46M 2.61% | 1.42M | 0.00 | 284.16K |
Union Pacific CorporationSOLE | COM | 302.11K | SH | $61.82M 1.61% | 254.08K | 0.00 | 48.03K |
SPDR Ser TrSOLE | Bloomberg 1-3 Mo | 32.16K | SH | $2.95M 0.08% | 32.16K | 0.00 | 0.00 |
Vanguard Scottsdale FdsSOLE | Short Term Treas | 43.70K | SH | $2.52M 0.07% | 43.70K | 0.00 | 0.00 |
Wisdomtree TrSOLE | Floating Rat Trea | 6.73K | SH | $338.7K <0.01% | 6.73K | 0.00 | 0.00 |