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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
-0.27%
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
$2.66B
AUM Growth
+$8.76M
Cap. Flow
+$48.6M
Cap. Flow %
1.83%
Top 10 Hldgs %
73.67%
Holding
19
New
–
Increased
4
Reduced
15
Closed
–

Top Buys

1
ROST icon
Ross Stores
ROST
+$24M
2
DPZ icon
Domino's
DPZ
+$22M
3
EXPD icon
Expeditors International
EXPD
+$15.5M
4
NVR icon
NVR
NVR
+$13.2M

Top Sells

1
AZO icon
AutoZone
AZO
+$4.84M
2
ACGL icon
Arch Capital
ACGL
+$3.79M
3
GS icon
Goldman Sachs
GS
+$3.49M
4
ORLY icon
O'Reilly Automotive
ORLY
+$2.43M
5
PGR icon
Progressive
PGR
+$1.7M

Sector Composition

1 Consumer Discretionary 43.44%
2 Financials 35.41%
3 Industrials 16.26%
4 Consumer Staples 4.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AZO icon
1
AutoZone
AZO
$49.7B
$295M 11.12%
137,882
-2,220
-2% -$4.84M
ACGL icon
2
Arch Capital
ACGL
$35.4B
$257M 9.68%
5,645,439
-83,830
-1% -$3.79M
ROST icon
3
Ross Stores
ROST
$74.9B
$255M 9.6%
3,025,503
+282,623
+10% +$24M
GS icon
4
Goldman Sachs
GS
$314B
$213M 8.02%
726,652
-10,762
-1% -$3.49M
TJX icon
5
TJX Companies
TJX
$171B
$181M 6.82%
2,913,370
-22,899
-0.8% -$1.44M
CMI icon
6
Cummins
CMI
$89.5B
$173M 6.5%
847,668
-6,960
-0.8% -$1.48M
ORLY icon
7
O'Reilly Automotive
ORLY
$71.3B
$170M 6.38%
3,614,865
-52,095
-1% -$2.43M
DPZ icon
8
Domino's
DPZ
$10.7B
$146M 5.51%
471,641
+57,911
+14% +$22M
V icon
9
Visa
V
$682B
$134M 5.05%
754,612
-6,895
-0.9% -$1.4M
PGR icon
10
Progressive
PGR
$121B
$132M 4.99%
1,139,585
-14,145
-1% -$1.7M
EXPD icon
11
Expeditors International
EXPD
$23.9B
$130M 4.91%
1,477,424
+154,745
+12% +$15.5M
MA icon
12
Mastercard
MA
$480B
$127M 4.79%
447,645
-4,455
-1% -$1.48M
STRA icon
13
Strategic Education
STRA
$1.73B
$123M 4.65%
2,010,048
-20,102
-1% -$1.35M
NVR icon
14
NVR
NVR
$17.5B
$106M 4.01%
26,693
+3,098
+13% +$13.2M
MCO icon
15
Moody's
MCO
$89.2B
$76.4M 2.88%
314,106
-2,186
-0.7% -$635K
FAST icon
16
Fastenal
FAST
$52.2B
$73.3M 2.76%
3,183,272
-31,764
-1% -$801K
UNP icon
17
Union Pacific
UNP
$179B
$55.4M 2.09%
284,406
-3,799
-1% -$841K
VGSH icon
18
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$3.52M 0.13%
60,963
-3,100
-5% -$181K
BIL icon
19
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$2.95M 0.11%
32,158
-2,302
-7% -$211K

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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
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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 2022 Portfolio in Review

As of Q3 2022, Marshfield Associates held 19 positions worth $2.66B, up 0.33% from $2.65B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Trading was light in Q3 2022: portfolio turnover was 0%. Marshfield Associates opened no new positions and made no exits, leaving the 19-position portfolio largely intact.

By sector, the portfolio is most concentrated in Consumer Discretionary at 43% of assets, up from 40% a quarter earlier, followed by Financials and Industrials.

  • Marshfield Associates added most to Ross Stores in Q3 2022, an estimated $24M increase.
  • Marshfield Associates's biggest Q3 2022 reduction was AutoZone, cutting an estimated $4.84M.
  • Marshfield Associates's ten largest holdings make up 74% of its $2.66B portfolio in Q3 2022.
  • Marshfield Associates opened 0 new positions and closed 0 in Q3 2022.
  • Marshfield Associates's portfolio value rose 0.33% quarter-over-quarter to $2.66B.

Based on Marshfield Associates's 13F filing for Q3 2022, filed 14 Nov 2022.