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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
+22.05%
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
$3.25B
AUM Growth
+$593M
Cap. Flow
+$25.3M
Cap. Flow %
0.78%
Top 10 Hldgs %
74.27%
Holding
19
New
–
Increased
5
Reduced
13
Closed
–

Top Buys

1
MCO icon
Moody's
MCO
+$28.9M
2
ROST icon
Ross Stores
ROST
+$4.22M
3
ORLY icon
O'Reilly Automotive
ORLY
+$676K
4
TJX icon
TJX Companies
TJX
+$66.1K
5
DPZ icon
Domino's
DPZ
+$18.2K

Top Sells

1
ACGL icon
Arch Capital
ACGL
+$2.75M
2
GS icon
Goldman Sachs
GS
+$1.33M
3
STRA icon
Strategic Education
STRA
+$1.07M
4
CMI icon
Cummins
CMI
+$738K
5
PGR icon
Progressive
PGR
+$652K

Sector Composition

1 Consumer Discretionary 43.66%
2 Financials 36.2%
3 Industrials 15.14%
4 Consumer Staples 4.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ROST icon
1
Ross Stores
ROST
$74.9B
$356M 10.96%
3,066,921
+41,418
+1% +$4.22M
ACGL icon
2
Arch Capital
ACGL
$35.4B
$351M 10.82%
5,596,100
-49,339
-0.9% -$2.75M
AZO icon
3
AutoZone
AZO
$49.7B
$340M 10.46%
137,795
-87
-0.1% -$210K
GS icon
4
Goldman Sachs
GS
$314B
$248M 7.64%
722,824
-3,828
-0.5% -$1.33M
TJX icon
5
TJX Companies
TJX
$171B
$232M 7.14%
2,914,265
+895
+0% +$66.1K
CMI icon
6
Cummins
CMI
$89.5B
$205M 6.3%
844,564
-3,104
-0.4% -$738K
ORLY icon
7
O'Reilly Automotive
ORLY
$71.3B
$204M 6.28%
3,627,435
+12,570
+0.3% +$676K
DPZ icon
8
Domino's
DPZ
$10.7B
$163M 5.03%
471,693
+52
+0% +$18.2K
V icon
9
Visa
V
$682B
$156M 4.82%
752,879
-1,733
-0.2% -$349K
STRA icon
10
Strategic Education
STRA
$1.73B
$156M 4.81%
1,995,566
-14,482
-0.7% -$1.07M
MA icon
11
Mastercard
MA
$480B
$156M 4.79%
447,480
-165
-0% -$54.3K
EXPD icon
12
Expeditors International
EXPD
$23.9B
$153M 4.71%
1,472,922
-4,502
-0.3% -$464K
PGR icon
13
Progressive
PGR
$121B
$147M 4.53%
1,134,440
-5,145
-0.5% -$652K
NVR icon
14
NVR
NVR
$17.5B
$123M 3.78%
26,609
-84
-0.3% -$369K
MCO icon
15
Moody's
MCO
$89.2B
$117M 3.6%
419,682
+105,576
+34% +$28.9M
FAST icon
16
Fastenal
FAST
$52.2B
$75.1M 2.31%
3,173,844
-9,428
-0.3% -$231K
UNP icon
17
Union Pacific
UNP
$179B
$58.8M 1.81%
284,139
-267
-0.1% -$54.8K
VGSH icon
18
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$3.28M 0.1%
56,763
-4,200
-7% -$243K
BIL icon
19
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$2.94M 0.09%
32,158
– –

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 2022 Portfolio in Review

As of Q4 2022, Marshfield Associates held 19 positions worth $3.25B, up 22% from $2.66B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Trading was light in Q4 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 44% of assets, up from 43% a quarter earlier, followed by Financials and Industrials.

  • Marshfield Associates added most to Moody's in Q4 2022, an estimated $28.9M increase.
  • Marshfield Associates's biggest Q4 2022 reduction was Arch Capital, cutting an estimated $2.75M.
  • Marshfield Associates's ten largest holdings make up 74% of its $3.25B portfolio in Q4 2022.
  • Marshfield Associates opened 0 new positions and closed 0 in Q4 2022.
  • Marshfield Associates's portfolio value rose 22% quarter-over-quarter to $3.25B.

Based on Marshfield Associates's 13F filing for Q4 2022, filed 14 Feb 2023.