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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
+10.77%
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
$2.08B
AUM Growth
+$154M
Cap. Flow
-$33M
Cap. Flow %
-1.58%
Top 10 Hldgs %
75.06%
Holding
20
New
–
Increased
5
Reduced
15
Closed
–

Top Buys

1
STRA icon
Strategic Education
STRA
+$64.6M
2
GS icon
Goldman Sachs
GS
+$5.54M
3
ACGL icon
Arch Capital
ACGL
+$2.89M
4
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$2.87M
5
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$946K

Top Sells

1
CMG icon
Chipotle Mexican Grill
CMG
+$90.2M
2
FAST icon
Fastenal
FAST
+$9.08M
3
MCO icon
Moody's
MCO
+$1.41M
4
CMI icon
Cummins
CMI
+$1.37M
5
DE icon
Deere & Co
DE
+$1.34M

Sector Composition

1 Financials 38.07%
2 Industrials 29.63%
3 Consumer Discretionary 27.56%
4 Consumer Staples 3.83%
5 Healthcare 0.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MCO icon
1
Moody's
MCO
$90.7B
$189M 9.09%
652,920
-4,944
-0.8% -$1.41M
CMI icon
2
Cummins
CMI
$89.4B
$180M 8.64%
852,064
-6,854
-0.8% -$1.37M
DE icon
3
Deere & Co
DE
$162B
$174M 8.36%
785,100
-6,929
-0.9% -$1.34M
AZO icon
4
AutoZone
AZO
$50B
$171M 8.22%
145,286
-808
-0.6% -$955K
MA icon
5
Mastercard
MA
$487B
$161M 7.73%
475,959
-4,101
-0.9% -$1.33M
ACGL icon
6
Arch Capital
ACGL
$35B
$161M 7.73%
5,499,729
+94,867
+2% +$2.89M
V icon
7
Visa
V
$694B
$146M 7.03%
731,959
-5,823
-0.8% -$1.16M
GS icon
8
Goldman Sachs
GS
$323B
$135M 6.49%
672,442
+27,217
+4% +$5.54M
ROST icon
9
Ross Stores
ROST
$74.7B
$125M 6.01%
1,340,246
-6,931
-0.5% -$622K
EXPD icon
10
Expeditors International
EXPD
$23.8B
$120M 5.77%
1,325,950
-10,504
-0.8% -$895K
ORLY icon
11
O'Reilly Automotive
ORLY
$71.5B
$115M 5.5%
3,727,410
-17,640
-0.5% -$536K
CMG icon
12
Chipotle Mexican Grill
CMG
$43.9B
$80.2M 3.85%
3,224,550
-3,743,850
-54% -$90.2M
STRA icon
13
Strategic Education
STRA
$1.76B
$79.8M 3.83%
872,465
+531,660
+156% +$64.6M
FAST icon
14
Fastenal
FAST
$53.6B
$74.8M 3.59%
3,318,796
-395,156
-11% -$9.08M
UNP icon
15
Union Pacific
UNP
$178B
$68.1M 3.27%
345,990
-2,190
-0.6% -$407K
NVR icon
16
NVR
NVR
$18.1B
$61.7M 2.97%
15,123
-92
-0.6% -$355K
TJX icon
17
TJX Companies
TJX
$171B
$21M 1.01%
377,772
-1,543
-0.4% -$83.2K
WAT icon
18
Waters Corp
WAT
$37.1B
$11.6M 0.55%
59,032
-111
-0.2% -$23.1K
VGSH icon
19
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$5.7M 0.27%
91,764
+46,236
+102% +$2.87M
BIL icon
20
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$1.64M 0.08%
17,878
+10,338
+137% +$946K

Similar funds

SNT
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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 2020 Portfolio in Review

As of Q3 2020, Marshfield Associates held 20 positions worth $2.08B, up 8% from $1.93B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Trading was light in Q3 2020: portfolio turnover was 0%. Marshfield Associates opened no new positions and made no exits, leaving the 20-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 38% of assets, down from 39% a quarter earlier, followed by Industrials and Consumer Discretionary.

  • Marshfield Associates added most to Strategic Education in Q3 2020, an estimated $64.6M increase.
  • Marshfield Associates's biggest Q3 2020 reduction was Chipotle Mexican Grill, cutting an estimated $90.2M.
  • Marshfield Associates's ten largest holdings make up 75% of its $2.08B portfolio in Q3 2020.
  • Marshfield Associates opened 0 new positions and closed 0 in Q3 2020.
  • Marshfield Associates's portfolio value rose 8% quarter-over-quarter to $2.08B.

Based on Marshfield Associates's 13F filing for Q3 2020, filed 13 Nov 2020.