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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
+2.71%
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
$1.33B
AUM Growth
-$36.8M
Cap. Flow
-$65.6M
Cap. Flow %
-4.94%
Top 10 Hldgs %
68.15%
Holding
24
New
–
Increased
2
Reduced
21
Closed
1

Top Buys

1
FAST icon
Fastenal
FAST
+$18.8M
2
MA icon
Mastercard
MA
+$743K

Top Sells

1
DVN icon
Devon Energy
DVN
+$39M
2
BRO icon
Brown & Brown
BRO
+$18.3M
3
MLM icon
Martin Marietta Materials
MLM
+$6.47M
4
WFC icon
Wells Fargo
WFC
+$3.4M
5
ACGL icon
Arch Capital
ACGL
+$2.95M

Sector Composition

1 Financials 64.51%
2 Consumer Discretionary 16.23%
3 Industrials 13.43%
4 Materials 2.88%
5 Consumer Staples 1.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WFC icon
1
Wells Fargo
WFC
$265B
$143M 10.81%
2,637,499
-62,875
-2% -$3.4M
MCO icon
2
Moody's
MCO
$89.2B
$128M 9.64%
1,233,518
-12,737
-1% -$1.23M
ACGL icon
3
Arch Capital
ACGL
$35.4B
$116M 8.71%
5,630,715
-147,483
-3% -$2.95M
GS icon
4
Goldman Sachs
GS
$314B
$104M 7.8%
551,063
-8,383
-1% -$1.56M
AWH
5
DELISTED
Allied World Assurance Co Hld Lt
AWH
$80M 6.03%
1,980,395
-35,855
-2% -$1.42M
YUM icon
6
Yum! Brands
YUM
$40.8B
$79.6M 5.99%
1,405,746
-15,460
-1% -$844K
TOL icon
7
Toll Brothers
TOL
$14.1B
$77.8M 5.86%
1,977,021
-37,450
-2% -$1.37M
USB icon
8
US Bancorp
USB
$98.4B
$60.2M 4.53%
1,378,199
-34,070
-2% -$1.49M
EXPD icon
9
Expeditors International
EXPD
$23.9B
$58.4M 4.4%
1,211,743
-18,301
-1% -$843K
NVR icon
10
NVR
NVR
$17.5B
$58.1M 4.37%
43,711
-1,006
-2% -$1.32M
MA icon
11
Mastercard
MA
$480B
$58M 4.37%
671,875
+8,564
+1% +$743K
V icon
12
Visa
V
$682B
$53.1M 4%
812,148
-17,260
-2% -$1.14M
JEF icon
13
Jefferies Financial Group
JEF
$12.7B
$49.4M 3.72%
2,475,218
-46,213
-2% -$955K
FAST icon
14
Fastenal
FAST
$52.2B
$47.6M 3.59%
4,595,380
+1,743,252
+61% +$18.8M
DE icon
15
Deere & Co
DE
$161B
$41.5M 3.13%
473,427
-9,152
-2% -$812K
MLM icon
16
Martin Marietta Materials
MLM
$33.8B
$38.2M 2.88%
273,376
-50,381
-16% -$6.47M
BRO icon
17
Brown & Brown
BRO
$23.5B
$33.7M 2.54%
2,037,154
-1,132,340
-36% -$18.3M
UNP icon
18
Union Pacific
UNP
$179B
$30.7M 2.32%
283,752
-8,256
-3% -$969K
BRK.B icon
19
Berkshire Hathaway Class B
BRK.B
$1.06T
$22.9M 1.73%
158,940
-4,255
-3% -$626K
STRA icon
20
Strategic Education
STRA
$1.73B
$19.5M 1.47%
364,946
-3,635
-1% -$234K
WAT icon
21
Waters Corp
WAT
$36.2B
$18M 1.36%
144,958
-441
-0.3% -$52.6K
BRK.A icon
22
Berkshire Hathaway Class A
BRK.A
$1.06T
$8.27M 0.62%
38
-1
-3% -$221K
DVN icon
23
Devon Energy
DVN
$50.6B
– –
-636,445
Closed -$39M

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SGM
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PAMP
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MOS
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BCM
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CFC
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Marshfield Associates's Q1 2015 Portfolio in Review

As of Q1 2015, Marshfield Associates held 24 positions worth $1.33B, down 2.7% from $1.36B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Marshfield Associates withdrew a net $65.6M in Q1 2015, closing 1 position and reducing 21 holdings. Its most notable exit was Devon Energy, an estimated $39M position sold in full.

By sector, the portfolio is most concentrated in Financials at 65% of assets, up from 64% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Marshfield Associates added an estimated $18.8M to Fastenal.

  • Marshfield Associates added most to Fastenal in Q1 2015, an estimated $18.8M increase.
  • Marshfield Associates's biggest Q1 2015 reduction was Brown & Brown, cutting an estimated $18.3M.
  • Marshfield Associates fully exited Devon Energy in Q1 2015, selling an estimated $39M.
  • Marshfield Associates's ten largest holdings make up 68% of its $1.33B portfolio in Q1 2015.
  • Marshfield Associates opened 0 new positions and closed 1 in Q1 2015.
  • Marshfield Associates's portfolio value fell 2.7% quarter-over-quarter to $1.33B.

Based on Marshfield Associates's 13F filing for Q1 2015, filed 15 May 2015.