Filed: 2/14/2024ACC: 0000950123-24-002502
📋 What this filing means
MARSHFIELD ASSOCIATES filed this quarterly 13F‑HR report disclosing 21 equity positions with a total reported market value of $4.93B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
21
Positions
$4.93B
Total AUM (reported)
28.67M
Total Shares
Allocation by class
COM$4.92B99.9%
BLOOMBERG 1-3 MO$2.94M0.1%
SHORT TERM TREAS$1.57M0.0%
FLOATING RAT TREA$372.1K0.0%
Portfolio Concentration
Top 3$1.35B27.4%
4–10$2.03B41.2%
11–25$1.55B31.4%
Top 3 weight
27.4%
Top 10 weight
68.6%
Voting Authority Distribution
Total shares with voting rights: 28.67M
Sole
Full voting authority
20.95M
shares
% of voting shares73.1%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
7.72M
shares
% of voting shares26.9%
Investment Discretion (by position count)
Sole21
Shared0
Other0
Dominant voting typeSole · 73.1% of voting shares
Institutional Holdings21
Rows:
Ross Stores Inc
SOLEShares3.89M
TypeSH
Market value$537.81M
10.92%
Sole
2.85M
Shared
0.00
None
1.04M
AutoZone Inc.
SOLEShares168.93K
TypeSH
Market value$436.78M
8.87%
Sole
116.98K
Shared
0.00
None
51.94K
Arch Capital Group Ltd
SOLEShares5.03M
TypeSH
Market value$373.82M
7.59%
Sole
3.79M
Shared
0.00
None
1.24M
Goldman Sachs Group Inc
SOLEShares909.65K
TypeSH
Market value$350.92M
7.12%
Sole
662.59K
Shared
0.00
None
247.07K
TJX Companies Inc
SOLEShares3.54M
TypeSH
Market value$332.12M
6.74%
Sole
2.58M
Shared
0.00
None
962.26K
Domino's Pizza Inc
SOLEShares708.46K
TypeSH
Market value$292.05M
5.93%
Sole
533.18K
Shared
0.00
None
175.27K
O'Reilly Automotive Inc
SOLEShares301.74K
TypeSH
Market value$286.68M
5.82%
Sole
205.26K
Shared
0.00
None
96.48K
Discover Financial Services
SOLEShares2.48M
TypeSH
Market value$278.37M
5.65%
Sole
1.84M
Shared
0.00
None
638.88K
Cummins Inc
SOLEShares1.04M
TypeSH
Market value$249.34M
5.06%
Sole
730.27K
Shared
0.00
None
310.52K
Visa Inc Cl A
SOLEShares926.43K
TypeSH
Market value$241.20M
4.90%
Sole
650.86K
Shared
0.00
None
275.57K
Mastercard Inc Class A
SOLEShares551.76K
TypeSH
Market value$235.33M
4.78%
Sole
368.30K
Shared
0.00
None
183.46K
Expeditors International of Wa
SOLEShares1.81M
TypeSH
Market value$229.94M
4.67%
Sole
1.30M
Shared
0.00
None
509.34K
NVR Inc
SOLEShares32.66K
TypeSH
Market value$228.63M
4.64%
Sole
23.89K
Shared
0.00
None
8.76K
Progressive Corp
SOLEShares1.28M
TypeSH
Market value$203.18M
4.13%
Sole
925.19K
Shared
0.00
None
350.42K
Moody's Corp.
SOLEShares514.85K
TypeSH
Market value$201.08M
4.08%
Sole
375.72K
Shared
0.00
None
139.13K
Strategic Education Inc
SOLEShares1.86M
TypeSH
Market value$171.56M
3.48%
Sole
1.37M
Shared
0.00
None
483.39K
Disney (Walt) Company
SOLEShares1.57M
TypeSH
Market value$142.18M
2.89%
Sole
1.22M
Shared
0.00
None
359.31K
Fastenal Co
SOLEShares2M
TypeSH
Market value$129.30M
2.63%
Sole
1.35M
Shared
0.00
None
650.75K
SPDR Ser Tr
SOLEShares32.16K
TypeSH
Market value$2.94M
0.06%
Sole
32.16K
Shared
0.00
None
0.00
Vanguard Scottsdale Fds
SOLEShares26.87K
TypeSH
Market value$1.57M
0.03%
Sole
26.87K
Shared
0.00
None
0.00
Wisdomtree Tr
SOLEShares7.41K
TypeSH
Market value$372.1K
<0.01%
Sole
7.41K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Ross Stores IncSOLE | COM | 3.89M | SH | $537.81M 10.92% | 2.85M | 0.00 | 1.04M |
AutoZone Inc.SOLE | COM | 168.93K | SH | $436.78M 8.87% | 116.98K | 0.00 | 51.94K |
Arch Capital Group LtdSOLE | COM | 5.03M | SH | $373.82M 7.59% | 3.79M | 0.00 | 1.24M |
Goldman Sachs Group IncSOLE | COM | 909.65K | SH | $350.92M 7.12% | 662.59K | 0.00 | 247.07K |
TJX Companies IncSOLE | COM | 3.54M | SH | $332.12M 6.74% | 2.58M | 0.00 | 962.26K |
Domino's Pizza IncSOLE | COM | 708.46K | SH | $292.05M 5.93% | 533.18K | 0.00 | 175.27K |
O'Reilly Automotive IncSOLE | COM | 301.74K | SH | $286.68M 5.82% | 205.26K | 0.00 | 96.48K |
Discover Financial ServicesSOLE | COM | 2.48M | SH | $278.37M 5.65% | 1.84M | 0.00 | 638.88K |
Cummins IncSOLE | COM | 1.04M | SH | $249.34M 5.06% | 730.27K | 0.00 | 310.52K |
Visa Inc Cl ASOLE | COM | 926.43K | SH | $241.20M 4.90% | 650.86K | 0.00 | 275.57K |
Mastercard Inc Class ASOLE | COM | 551.76K | SH | $235.33M 4.78% | 368.30K | 0.00 | 183.46K |
Expeditors International of WaSOLE | COM | 1.81M | SH | $229.94M 4.67% | 1.30M | 0.00 | 509.34K |
NVR IncSOLE | COM | 32.66K | SH | $228.63M 4.64% | 23.89K | 0.00 | 8.76K |
Progressive CorpSOLE | COM | 1.28M | SH | $203.18M 4.13% | 925.19K | 0.00 | 350.42K |
Moody's Corp.SOLE | COM | 514.85K | SH | $201.08M 4.08% | 375.72K | 0.00 | 139.13K |
Strategic Education IncSOLE | COM | 1.86M | SH | $171.56M 3.48% | 1.37M | 0.00 | 483.39K |
Disney (Walt) CompanySOLE | COM | 1.57M | SH | $142.18M 2.89% | 1.22M | 0.00 | 359.31K |
Fastenal CoSOLE | COM | 2M | SH | $129.30M 2.63% | 1.35M | 0.00 | 650.75K |
SPDR Ser TrSOLE | Bloomberg 1-3 Mo | 32.16K | SH | $2.94M 0.06% | 32.16K | 0.00 | 0.00 |
Vanguard Scottsdale FdsSOLE | Short Term Treas | 26.87K | SH | $1.57M 0.03% | 26.87K | 0.00 | 0.00 |
Wisdomtree TrSOLE | Floating Rat Trea | 7.41K | SH | $372.1K <0.01% | 7.41K | 0.00 | 0.00 |