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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
+8.93%
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
$1.28B
AUM Growth
-$27.9M
Cap. Flow
-$129M
Cap. Flow %
-10.03%
Top 10 Hldgs %
73.37%
Holding
20
New
–
Increased
1
Reduced
18
Closed
1

Top Buys

1
CMG icon
Chipotle Mexican Grill
CMG
+$3.3M

Top Sells

1
WFC icon
Wells Fargo
WFC
+$64.4M
2
STRA icon
Strategic Education
STRA
+$14.1M
3
YUMC icon
Yum China
YUMC
+$12M
4
ACGL icon
Arch Capital
ACGL
+$5.12M
5
MCO icon
Moody's
MCO
+$4.47M

Sector Composition

1 Financials 43.94%
2 Industrials 30.9%
3 Consumer Discretionary 20.05%
4 Consumer Staples 3.82%
5 Healthcare 1.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCO icon
1
Moody's
MCO
$90.7B
$137M 10.69%
1,223,039
-41,679
-3% -$4.47M
ACGL icon
2
Arch Capital
ACGL
$35B
$136M 10.65%
4,320,537
-167,595
-4% -$5.12M
GS icon
3
Goldman Sachs
GS
$323B
$115M 8.99%
501,407
-17,322
-3% -$4.18M
NVR icon
4
NVR
NVR
$18.1B
$96.1M 7.5%
45,597
-1,354
-3% -$2.56M
CMI icon
5
Cummins
CMI
$89.4B
$89.1M 6.95%
589,362
-21,273
-3% -$3.15M
DE icon
6
Deere & Co
DE
$162B
$85.3M 6.66%
783,733
-28,430
-4% -$3.08M
FAST icon
7
Fastenal
FAST
$53.6B
$83.3M 6.5%
6,471,840
-246,988
-4% -$3.1M
UNP icon
8
Union Pacific
UNP
$178B
$69.3M 5.41%
654,149
-26,179
-4% -$2.79M
EXPD icon
9
Expeditors International
EXPD
$23.8B
$69M 5.39%
1,222,150
-40,815
-3% -$2.24M
MA icon
10
Mastercard
MA
$487B
$59.5M 4.64%
528,913
-18,311
-3% -$2.01M
V icon
11
Visa
V
$694B
$59.5M 4.64%
669,375
-25,135
-4% -$2.16M
YUM icon
12
Yum! Brands
YUM
$41.9B
$56.4M 4.4%
882,994
-37,536
-4% -$2.44M
USB icon
13
US Bancorp
USB
$99.7B
$55.5M 4.33%
1,078,100
-36,998
-3% -$1.97M
ROST icon
14
Ross Stores
ROST
$74.7B
$52M 4.06%
789,287
-25,081
-3% -$1.68M
CMG icon
15
Chipotle Mexican Grill
CMG
$43.9B
$51.1M 3.99%
5,740,250
+399,900
+7% +$3.3M
STRA icon
16
Strategic Education
STRA
$1.76B
$45.9M 3.58%
570,468
-175,620
-24% -$14.1M
WAT icon
17
Waters Corp
WAT
$37.1B
$16.5M 1.28%
105,275
-2,749
-3% -$411K
CPLA
18
DELISTED
Capella Education Company
CPLA
$3M 0.23%
35,300
-541
-2% -$44.4K
YUMC icon
19
Yum China
YUMC
$15.2B
$1.39M 0.11%
51,169
-448,019
-90% -$12M
WFC icon
20
Wells Fargo
WFC
$267B
– –
-1,168,551
Closed -$64.4M

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 Q1 2017 Portfolio in Review

As of Q1 2017, Marshfield Associates held 20 positions worth $1.28B, down 2.1% from $1.31B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Marshfield Associates withdrew a net $129M in Q1 2017, closing 1 position and reducing 18 holdings. Its most notable exit was Wells Fargo, an estimated $64.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 44% of assets, down from 46% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Marshfield Associates added an estimated $3.3M to Chipotle Mexican Grill.

  • Marshfield Associates added most to Chipotle Mexican Grill in Q1 2017, an estimated $3.3M increase.
  • Marshfield Associates's biggest Q1 2017 reduction was Strategic Education, cutting an estimated $14.1M.
  • Marshfield Associates fully exited Wells Fargo in Q1 2017, selling an estimated $64.4M.
  • Marshfield Associates's ten largest holdings make up 73% of its $1.28B portfolio in Q1 2017.
  • Marshfield Associates opened 0 new positions and closed 1 in Q1 2017.
  • Marshfield Associates's portfolio value fell 2.1% quarter-over-quarter to $1.28B.

Based on Marshfield Associates's 13F filing for Q1 2017, filed 17 May 2017.