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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
+6.79%
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
$2.44B
AUM Growth
+$301M
Cap. Flow
+$166M
Cap. Flow %
6.8%
Top 10 Hldgs %
81.45%
Holding
20
New
1
Increased
17
Reduced
1
Closed
1

Top Buys

1
STRA icon
Strategic Education
STRA
+$50.3M
2
PGR icon
Progressive
PGR
+$46.5M
3
GS icon
Goldman Sachs
GS
+$26M
4
ACGL icon
Arch Capital
ACGL
+$21.7M
5
CMI icon
Cummins
CMI
+$15.7M

Top Sells

1
DE icon
Deere & Co
DE
+$62.6M
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$75K

Sector Composition

1 Financials 45.95%
2 Consumer Discretionary 25.94%
3 Industrials 22.24%
4 Consumer Staples 4.62%
5 Healthcare 0.83%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GS icon
1
Goldman Sachs
GS
$323B
$270M 11.09%
711,609
+72,760
+11% +$26M
MCO icon
2
Moody's
MCO
$90.7B
$229M 9.41%
632,596
+14,017
+2% +$4.67M
ACGL icon
3
Arch Capital
ACGL
$35B
$226M 9.26%
5,792,222
+549,136
+10% +$21.7M
AZO icon
4
AutoZone
AZO
$50B
$217M 8.92%
145,515
+7,105
+5% +$10.3M
CMI icon
5
Cummins
CMI
$89.4B
$211M 8.68%
866,688
+61,411
+8% +$15.7M
V icon
6
Visa
V
$694B
$180M 7.38%
768,795
+67,556
+10% +$15.4M
ROST icon
7
Ross Stores
ROST
$74.7B
$172M 7.07%
1,388,241
+103,128
+8% +$12.9M
EXPD icon
8
Expeditors International
EXPD
$23.8B
$169M 6.94%
1,336,089
+70,585
+6% +$8.33M
MA icon
9
Mastercard
MA
$487B
$168M 6.92%
461,313
+9,434
+2% +$3.51M
ORLY icon
10
O'Reilly Automotive
ORLY
$71.5B
$141M 5.79%
3,736,260
+111,840
+3% +$4.01M
STRA icon
11
Strategic Education
STRA
$1.76B
$113M 4.62%
1,480,603
+630,266
+74% +$50.3M
FAST icon
12
Fastenal
FAST
$53.6B
$84.9M 3.48%
3,263,840
+93,812
+3% +$2.44M
UNP icon
13
Union Pacific
UNP
$178B
$76.5M 3.14%
347,687
+10,186
+3% +$2.27M
NVR icon
14
NVR
NVR
$18.1B
$75M 3.08%
15,077
+440
+3% +$2.14M
PGR icon
15
Progressive
PGR
$120B
$46.2M 1.9%
+469,966
New +$46.5M
TJX icon
16
TJX Companies
TJX
$171B
$26.5M 1.09%
393,017
+22,448
+6% +$1.53M
WAT icon
17
Waters Corp
WAT
$37.1B
$20.2M 0.83%
58,555
+1,142
+2% +$361K
VGSH icon
18
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$6.83M 0.28%
111,202
-1,220
-1% -$75K
BIL icon
19
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$3.15M 0.13%
34,417
+2,055
+6% +$188K
DE icon
20
Deere & Co
DE
$162B
– –
-167,368
Closed -$62.6M

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 2021 Portfolio in Review

As of Q2 2021, Marshfield Associates held 20 positions worth $2.44B, up 14% from $2.13B the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Marshfield Associates deployed $166M of net new capital in Q2 2021, opening 1 new position and adding to 17 existing holdings. Its largest new stake was Progressive: 469,966 shares worth $46.2M.

By sector, the portfolio is most concentrated in Financials at 46% of assets, up from 42% a quarter earlier, followed by Consumer Discretionary and Industrials.

On the sell side, the largest reduction was Vanguard Short-Term Treasury ETF, an estimated $75K trimmed.

  • Marshfield Associates's largest Q2 2021 buy was Progressive: 469,966 shares worth $46.2M.
  • Marshfield Associates added most to Strategic Education in Q2 2021, an estimated $50.3M increase.
  • Marshfield Associates's biggest Q2 2021 reduction was Vanguard Short-Term Treasury ETF, cutting an estimated $75K.
  • Marshfield Associates fully exited Deere & Co in Q2 2021, selling an estimated $62.6M.
  • Marshfield Associates's ten largest holdings make up 81% of its $2.44B portfolio in Q2 2021.
  • Marshfield Associates opened 1 new position and closed 1 in Q2 2021.
  • Marshfield Associates's portfolio value rose 14% quarter-over-quarter to $2.44B.

Based on Marshfield Associates's 13F filing for Q2 2021, filed 16 Aug 2021.