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Institutional Investment Manager
MARSHFIELD ASSOCIATES
MARSHFIELD ASSOCIATES (CIK: 0000914976) incorporated in District of Columbia, located at 1330 Connecticut Avenue Nw, Washington, DC. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q2)
Portfolio Summary: 23 holdings with a total value of $1,278,140,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 CRIMSON WINE GROUP COM 196,020 1,833,000 0.14%
2 BROWN & BROWN INC 90,645 2,979,000 0.23%
3 BERKSHIRE HATHAWAY INC DEL 38 7,784,000 0.61%
4 MARTIN MARIETTA MATLS INC 75,283 10,653,000 0.83%
5 WATERS CORP 142,963 18,354,000 1.44%
6 BERKSHIRE HATHAWAY INC DEL 155,001 21,097,000 1.65%
7 STRAYER EDUCATION INC 502,854 21,673,000 1.70%
8 UNION PAC CORP 278,409 26,552,000 2.08%
9 DEERE & CO 476,854 46,279,000 3.62%
10 FASTENAL CO 1,146,919 48,377,000 3.78%
11 LEUCADIA NATL CORP 2,175,747 52,827,000 4.13%
12 VISA INC 797,329 53,541,000 4.19%
13 EXPEDITORS INTL WASH INC 1,191,813 54,949,000 4.30%
14 US BANCORP DEL 1,354,956 58,805,000 4.60%
15 MASTERCARD INCORPORATED 660,199 61,715,000 4.83%
16 NVR INC 52,180 69,921,000 5.47%
17 TOLL BROTHERS INC 1,936,748 73,964,000 5.79%
18 ALLIED WRLD ASSUR COM HLDG A 1,946,562 84,130,000 6.58%
19 YUM BRANDS INC 946,765 85,285,000 6.67%
20 WELLS FARGO & CO NEW 1,973,076 110,966,000 8.68%
21 GOLDMAN SACHS GROUP INC 539,634 112,670,000 8.82%
22 ARCH CAP GROUP LTD 1,838,785 123,125,000 9.63%
23 MOODYS CORP 1,210,271 130,661,000 10.22%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-15-009344, filed 2015.08.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.