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MA

Marshfield Associates Portfolio holdings

AUM $4.99B
1-Year Est. Return 1.59%
This Fund
S&P 500
This Quarter Est. Return
-1.86%
1 Year Est. Return
+1.59%
3 Year Est. Return
+54.26%
5 Year Est. Return
+96.64%
10 Year Est. Return
+533.95%
AUM
$1.29B
AUM Growth
-$68.3M
Cap. Flow
-$56.1M
Cap. Flow %
-4.33%
Top 10 Hldgs %
65.98%
Holding
37
New
14
Increased
3
Reduced
7
Closed
13

Top Buys

1
WFC icon
Wells Fargo
WFC
+$143M
2
MCO icon
Moody's
MCO
+$115M
3
YUM icon
Yum! Brands
YUM
+$77.4M
4
TOL icon
Toll Brothers
TOL
+$68.6M
5
USB icon
US Bancorp
USB
+$61.1M

Top Sells

1
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$14.2M
2
BRK.A icon
Berkshire Hathaway Class A
BRK.A
+$11M
3
ACGL icon
Arch Capital
ACGL
+$2.5M
4
GS icon
Goldman Sachs
GS
+$2.13M
5
NVR icon
NVR
NVR
+$1.13M

Sector Composition

1 Financials 64.7%
2 Consumer Discretionary 14.65%
3 Industrials 11.93%
4 Energy 3.34%
5 Materials 3.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WFC icon
1
Wells Fargo
WFC
$265B
$144M 11.12%
+2,771,986
New +$143M
MCO icon
2
Moody's
MCO
$89.2B
$119M 9.18%
+1,257,053
New +$115M
ACGL icon
3
Arch Capital
ACGL
$35.4B
$108M 8.35%
5,923,659
-135,381
-2% -$2.5M
GS icon
4
Goldman Sachs
GS
$314B
$105M 8.12%
572,492
-12,128
-2% -$2.13M
AWH
5
DELISTED
Allied World Assurance Co Hld Lt
AWH
$75.3M 5.82%
2,044,898
+69,096
+3% +$2.57M
YUM icon
6
Yum! Brands
YUM
$40.8B
$75.3M 5.82%
+1,454,967
New +$77.4M
TOL icon
7
Toll Brothers
TOL
$14.1B
$62.4M 4.82%
+2,002,168
New +$68.6M
USB icon
8
US Bancorp
USB
$98.4B
$60.5M 4.68%
+1,445,810
New +$61.1M
BRO icon
9
Brown & Brown
BRO
$23.5B
$52.5M 4.06%
+3,268,358
New +$51.7M
NVR icon
10
NVR
NVR
$17.5B
$51.8M 4%
45,835
-991
-2% -$1.13M
JEF icon
11
Jefferies Financial Group
JEF
$12.7B
$50.5M 3.91%
+2,368,525
New +$53.3M
MA icon
12
Mastercard
MA
$480B
$50.1M 3.88%
678,349
+139,903
+26% +$10.7M
EXPD icon
13
Expeditors International
EXPD
$23.9B
$48.9M 3.78%
+1,204,311
New +$51.3M
DVN icon
14
Devon Energy
DVN
$50.6B
$43.2M 3.34%
633,558
-12,797
-2% -$952K
MLM icon
15
Martin Marietta Materials
MLM
$33.8B
$42.7M 3.3%
+331,015
New +$42.7M
V icon
16
Visa
V
$682B
$40.8M 3.16%
765,324
+471,012
+160% +$25.3M
DE icon
17
Deere & Co
DE
$161B
$40.4M 3.12%
+492,347
New +$42.1M
FAST icon
18
Fastenal
FAST
$52.2B
$32.7M 2.53%
+2,914,800
New +$33.3M
UNP icon
19
Union Pacific
UNP
$179B
$32.3M 2.5%
+298,149
New +$30.9M
BRK.B icon
20
Berkshire Hathaway Class B
BRK.B
$1.06T
$23.3M 1.8%
168,741
-106,449
-39% -$14.2M
WAT icon
21
Waters Corp
WAT
$36.2B
$14.7M 1.13%
+147,809
New +$15.2M
STRA icon
22
Strategic Education
STRA
$1.73B
$10.4M 0.81%
+174,420
New +$9.84M
BRK.A icon
23
Berkshire Hathaway Class A
BRK.A
$1.06T
$8.07M 0.62%
39
-55
-59% -$11M

Similar funds

SNT
SIG North Trading Bala Cynwyd, Pennsylvania $4.98B AUM 36.24% 1-Year Est. Return
AM
Atreides Management Boston, Massachusetts $5B AUM 78.34% 1-Year Est. Return
SGM
Skye Global Management West Palm Beach, Florida $5B AUM 11.9% 1-Year Est. Return
CCA
Conestoga Capital Advisors Wayne, Pennsylvania $5.01B AUM 6.26% 1-Year Est. Return
PAMP
Polar Asset Management Partners Toronto, Ontario, Canada $5.01B AUM 35.27% 1-Year Est. Return
MOS
MGO One Seven Beachwood, Ohio $4.98B AUM 22.72% 1-Year Est. Return
BCM
Bridgeway Capital Management Houston, Texas $4.97B AUM 44.96% 1-Year Est. Return
CFC
Cincinnati Financial Corp Fairfield, Ohio $4.96B AUM 18.21% 1-Year Est. Return

Marshfield Associates's Q3 2014 Portfolio in Review

As of Q3 2014, Marshfield Associates held 37 positions worth $1.29B, down 5% from $1.36B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Marshfield Associates withdrew a net $56.1M in Q3 2014, closing 13 positions and reducing 7 holdings. Its largest reduction was Berkshire Hathaway Class B, cutting an estimated $14.2M.

By sector, the portfolio is most concentrated in Financials at 65% of assets, up from 29% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Marshfield Associates opened a new position in Wells Fargo worth $144M.

  • Marshfield Associates's largest Q3 2014 buy was Wells Fargo: 2,771,986 shares worth $144M.
  • Marshfield Associates added most to Visa in Q3 2014, an estimated $25.3M increase.
  • Marshfield Associates's biggest Q3 2014 reduction was Berkshire Hathaway Class B, cutting an estimated $14.2M.
  • Marshfield Associates's ten largest holdings make up 66% of its $1.29B portfolio in Q3 2014.
  • Marshfield Associates opened 14 new positions and closed 13 in Q3 2014.
  • Marshfield Associates's portfolio value fell 5% quarter-over-quarter to $1.29B.

Based on Marshfield Associates's 13F filing for Q3 2014, filed 14 Nov 2014.