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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
-22.24%
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
$1.62B
AUM Growth
-$295M
Cap. Flow
+$165M
Cap. Flow %
10.19%
Top 10 Hldgs %
73.95%
Holding
20
New
1
Increased
10
Reduced
8
Closed
–

Top Buys

Rank Stock Value
1
ROST icon
Ross Stores
ROST
+$64.5M
2
CMI icon
Cummins
CMI
+$46.6M
3
GS icon
Goldman Sachs
GS
+$32M
4
CMG icon
Chipotle Mexican Grill
CMG
+$30.9M
5
TJX icon
TJX Companies
TJX
+$21.7M

Top Sells

Rank Stock Value
1
MCO icon
Moody's
MCO
+$91.8M
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$878K
3
MA icon
Mastercard
MA
+$804K
4
ORLY icon
O'Reilly Automotive
ORLY
+$338K
5
FAST icon
Fastenal
FAST
+$278K

Sector Composition

Rank Sector Weight
1 Financials 39.37%
2 Consumer Discretionary 28.6%
3 Industrials 28.22%
4 Consumer Staples 2.94%
5 Healthcare 0.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCO icon
1
Moody's
MCO
$84.2B
$157M 9.65%
740,812
-377,720
-34% -$91.8M
ACGL icon
2
Arch Capital
ACGL
$36.3B
$151M 9.29%
5,299,368
+280,117
+6% +$11.4M
AZO icon
3
AutoZone
AZO
$50.2B
$124M 7.62%
146,169
+10,432
+8% +$10.8M
V icon
4
Visa
V
$689B
$118M 7.28%
733,298
+109,496
+18% +$20.6M
ROST icon
5
Ross Stores
ROST
$78.1B
$118M 7.24%
1,351,646
+603,570
+81% +$64.5M
CMI icon
6
Cummins
CMI
$91.3B
$116M 7.15%
857,393
+299,030
+54% +$46.6M
MA icon
7
Mastercard
MA
$487B
$116M 7.14%
479,717
-2,704
-0.6% -$804K
DE icon
8
Deere & Co
DE
$169B
$109M 6.71%
788,475
+61,320
+8% +$9.7M
GS icon
9
Goldman Sachs
GS
$309B
$97.5M 6.01%
630,692
+150,873
+31% +$32M
FAST icon
10
Fastenal
FAST
$54.7B
$95.3M 5.87%
6,099,678
-15,800
-0.3% -$278K
CMG icon
11
Chipotle Mexican Grill
CMG
$42.6B
$91.2M 5.62%
6,968,950
+1,957,250
+39% +$30.9M
EXPD icon
12
Expeditors International
EXPD
$22.4B
$89M 5.48%
1,333,641
+158,136
+13% +$11.3M
ORLY icon
13
O'Reilly Automotive
ORLY
$75.1B
$74.9M 4.61%
3,732,000
-13,230
-0.4% -$338K
UNP icon
14
Union Pacific
UNP
$178B
$48.8M 3.01%
346,112
+338
+0.1% +$55.9K
STRA icon
15
Strategic Education
STRA
$1.78B
$47.7M 2.94%
340,964
-265
-0.1% -$40.5K
NVR icon
16
NVR
NVR
$16.9B
$38.9M 2.4%
15,156
-13
-0.1% -$46.6K
TJX icon
17
TJX Companies
TJX
$173B
$18M 1.11%
+377,232
New +$21.7M
WAT icon
18
Waters Corp
WAT
$36.4B
$10.7M 0.66%
58,701
-287
-0.5% -$60.5K
VGSH icon
19
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$2.85M 0.18%
45,648
-14,307
-24% -$878K
BIL icon
20
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$47.1B
$751K 0.05%
8,200
– –

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
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
BPWM
Badgley Phelps Wealth Managers Seattle, Washington $5.02B AUM 21.87% 1-Year Est. Return

Marshfield Associates's Q1 2020 Portfolio in Review

As of Q1 2020, Marshfield Associates held 20 positions worth $1.62B, down 15% from $1.92B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Marshfield Associates deployed $165M of net new capital in Q1 2020, opening 1 new position and adding to 10 existing holdings. Its largest new stake was TJX Companies: 377,232 shares worth $18M.

By sector, the portfolio is most concentrated in Financials at 39% of assets, down from 44% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Moody's, an estimated $91.8M trimmed.

  • Marshfield Associates's largest Q1 2020 buy was TJX Companies: 377,232 shares worth $18M.
  • Marshfield Associates added most to Ross Stores in Q1 2020, an estimated $64.5M increase.
  • Marshfield Associates's biggest Q1 2020 reduction was Moody's, cutting an estimated $91.8M.
  • Marshfield Associates's ten largest holdings make up 74% of its $1.62B portfolio in Q1 2020.
  • Marshfield Associates opened 1 new position and closed 0 in Q1 2020.
  • Marshfield Associates's portfolio value fell 15% quarter-over-quarter to $1.62B.

Based on Marshfield Associates's 13F filing for Q1 2020, filed 15 May 2020.