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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
+8.26%
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
$1.57B
AUM Growth
-$70.1M
Cap. Flow
-$187M
Cap. Flow %
-11.96%
Top 10 Hldgs %
74.67%
Holding
20
New
1
Increased
1
Reduced
18
Closed
–

Top Buys

1
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$750K
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$552K

Top Sells

1
CMG icon
Chipotle Mexican Grill
CMG
+$99.6M
2
YUM icon
Yum! Brands
YUM
+$46.9M
3
STRA icon
Strategic Education
STRA
+$19.1M
4
MCO icon
Moody's
MCO
+$3.66M
5
MA icon
Mastercard
MA
+$2.53M

Sector Composition

1 Financials 42.63%
2 Industrials 27.06%
3 Consumer Discretionary 24.91%
4 Consumer Staples 4.38%
5 Healthcare 0.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCO icon
1
Moody's
MCO
$89.2B
$203M 12.96%
1,038,579
-19,295
-2% -$3.66M
ACGL icon
2
Arch Capital
ACGL
$35.4B
$162M 10.33%
4,360,020
-46,361
-1% -$1.58M
AZO icon
3
AutoZone
AZO
$49.7B
$129M 8.26%
117,572
-1,996
-2% -$2.1M
MA icon
4
Mastercard
MA
$480B
$118M 7.54%
445,896
-10,111
-2% -$2.53M
DE icon
5
Deere & Co
DE
$161B
$111M 7.12%
672,650
-10,698
-2% -$1.66M
V icon
6
Visa
V
$682B
$100M 6.39%
576,141
-10,289
-2% -$1.68M
FAST icon
7
Fastenal
FAST
$52.2B
$90.9M 5.81%
5,580,818
-88,518
-2% -$1.46M
CMI icon
8
Cummins
CMI
$89.5B
$87.4M 5.59%
510,267
-8,077
-2% -$1.32M
GS icon
9
Goldman Sachs
GS
$314B
$84.7M 5.41%
413,811
-5,288
-1% -$1.05M
ORLY icon
10
O'Reilly Automotive
ORLY
$71.3B
$82.5M 5.27%
3,349,320
-58,695
-2% -$1.49M
EXPD icon
11
Expeditors International
EXPD
$23.9B
$80.9M 5.17%
1,066,882
-18,827
-2% -$1.42M
ROST icon
12
Ross Stores
ROST
$74.9B
$68.7M 4.39%
692,918
-10,748
-2% -$1.05M
STRA icon
13
Strategic Education
STRA
$1.73B
$68.5M 4.38%
385,028
-116,417
-23% -$19.1M
CMG icon
14
Chipotle Mexican Grill
CMG
$44.2B
$62.5M 3.99%
4,261,100
-7,064,000
-62% -$99.6M
UNP icon
15
Union Pacific
UNP
$179B
$52.7M 3.37%
311,727
-4,741
-1% -$812K
NVR icon
16
NVR
NVR
$17.5B
$46.7M 2.99%
13,871
-203
-1% -$651K
WAT icon
17
Waters Corp
WAT
$36.2B
$11.3M 0.72%
52,502
-1,824
-3% -$399K
VGSH icon
18
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$4.03M 0.26%
66,187
+9,120
+16% +$552K
BIL icon
19
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$751K 0.05%
+8,200
New +$750K
YUM icon
20
Yum! Brands
YUM
$40.8B
$215K 0.01%
1,943
-451,514
-100% -$46.9M

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 Q2 2019 Portfolio in Review

As of Q2 2019, Marshfield Associates held 20 positions worth $1.57B, down 4.3% from $1.64B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Marshfield Associates withdrew a net $187M in Q2 2019, reducing 18 holdings. Its largest reduction was Chipotle Mexican Grill, cutting an estimated $99.6M.

By sector, the portfolio is most concentrated in Financials at 43% of assets, up from 38% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Marshfield Associates opened a new position in State Street SPDR Bloomberg 1-3 Month T-Bill ETF worth $751K.

  • Marshfield Associates's largest Q2 2019 buy was State Street SPDR Bloomberg 1-3 Month T-Bill ETF: 8,200 shares worth $751K.
  • Marshfield Associates added most to Vanguard Short-Term Treasury ETF in Q2 2019, an estimated $552K increase.
  • Marshfield Associates's biggest Q2 2019 reduction was Chipotle Mexican Grill, cutting an estimated $99.6M.
  • Marshfield Associates's ten largest holdings make up 75% of its $1.57B portfolio in Q2 2019.
  • Marshfield Associates opened 1 new position and closed 0 in Q2 2019.
  • Marshfield Associates's portfolio value fell 4.3% quarter-over-quarter to $1.57B.

Based on Marshfield Associates's 13F filing for Q2 2019, filed 15 Aug 2019.