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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%
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
$2.52B
AUM Growth
+$233M
Cap. Flow
+$26M
Cap. Flow %
1.03%
Top 10 Hldgs %
78.19%
Holding
18
New
–
Increased
8
Reduced
10
Closed
–

Top Buys

1
STRA icon
Strategic Education
STRA
+$26.8M
2
ACGL icon
Arch Capital
ACGL
+$2.59M
3
PGR icon
Progressive
PGR
+$1.5M
4
MCO icon
Moody's
MCO
+$376K
5
UNP icon
Union Pacific
UNP
+$205K

Top Sells

1
GS icon
Goldman Sachs
GS
+$1.52M
2
VGSH icon
Vanguard Short-Term Treasury ETF
VGSH
+$1.52M
3
AZO icon
AutoZone
AZO
+$1.25M
4
CMI icon
Cummins
CMI
+$468K
5
BIL icon
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
+$422K

Sector Composition

1 Financials 43.47%
2 Consumer Discretionary 29.7%
3 Industrials 21.99%
4 Consumer Staples 4.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AZO icon
1
AutoZone
AZO
$50B
$300M 11.89%
143,164
-673
-0.5% -$1.25M
GS icon
2
Goldman Sachs
GS
$323B
$268M 10.61%
699,846
-3,841
-0.5% -$1.52M
ACGL icon
3
Arch Capital
ACGL
$35B
$258M 10.21%
5,798,439
+60,984
+1% +$2.59M
CMI icon
4
Cummins
CMI
$89.4B
$187M 7.39%
855,158
-2,052
-0.2% -$468K
EXPD icon
5
Expeditors International
EXPD
$23.8B
$178M 7.04%
1,322,865
-510
-0% -$63.9K
ORLY icon
6
O'Reilly Automotive
ORLY
$71.5B
$174M 6.9%
3,701,445
+2,010
+0.1% +$87K
V icon
7
Visa
V
$694B
$165M 6.54%
761,387
+65
+0% +$14K
MA icon
8
Mastercard
MA
$487B
$165M 6.52%
458,127
-474
-0.1% -$164K
ROST icon
9
Ross Stores
ROST
$74.7B
$157M 6.22%
1,373,864
-113
-0% -$12.6K
MCO icon
10
Moody's
MCO
$90.7B
$123M 4.86%
314,207
+975
+0.3% +$376K
PGR icon
11
Progressive
PGR
$120B
$119M 4.73%
1,163,770
+15,681
+1% +$1.5M
STRA icon
12
Strategic Education
STRA
$1.76B
$113M 4.46%
1,947,990
+426,776
+28% +$26.8M
FAST icon
13
Fastenal
FAST
$53.6B
$104M 4.1%
3,232,420
-8,310
-0.3% -$245K
NVR icon
14
NVR
NVR
$18.1B
$88.6M 3.51%
15,002
+27
+0.2% +$143K
UNP icon
15
Union Pacific
UNP
$178B
$87.3M 3.46%
346,360
+864
+0.3% +$205K
TJX icon
16
TJX Companies
TJX
$171B
$29.6M 1.17%
389,601
-413
-0.1% -$28.6K
VGSH icon
17
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$5.62M 0.22%
92,457
-24,853
-21% -$1.52M
BIL icon
18
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$3.73M 0.15%
40,754
-4,612
-10% -$422K

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 Q4 2021 Portfolio in Review

As of Q4 2021, Marshfield Associates held 18 positions worth $2.52B, up 10% from $2.29B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Trading was light in Q4 2021: portfolio turnover was 0%. Marshfield Associates opened no new positions and made no exits, leaving the 18-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 43% of assets, down from 45% a quarter earlier, followed by Consumer Discretionary and Industrials.

  • Marshfield Associates added most to Strategic Education in Q4 2021, an estimated $26.8M increase.
  • Marshfield Associates's biggest Q4 2021 reduction was Goldman Sachs, cutting an estimated $1.52M.
  • Marshfield Associates's ten largest holdings make up 78% of its $2.52B portfolio in Q4 2021.
  • Marshfield Associates opened 0 new positions and closed 0 in Q4 2021.
  • Marshfield Associates's portfolio value rose 10% quarter-over-quarter to $2.52B.

Based on Marshfield Associates's 13F filing for Q4 2021, filed 14 Feb 2022.