<SEC-DOCUMENT>0001193125-11-138789.txt : 20110513
<SEC-HEADER>0001193125-11-138789.hdr.sgml : 20110513
<ACCEPTANCE-DATETIME>20110513104519
ACCESSION NUMBER:		0001193125-11-138789
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110331
FILED AS OF DATE:		20110513
DATE AS OF CHANGE:		20110513
EFFECTIVENESS DATE:		20110513

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Marketfield Asset Management, LLC
		CENTRAL INDEX KEY:			0001483097
		IRS NUMBER:				371529984
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0228

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-13651
		FILM NUMBER:		11838526

	BUSINESS ADDRESS:	
		STREET 1:		292 MADISON AVENUE
		STREET 2:		14TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		(212) 514-2350

	MAIL ADDRESS:	
		STREET 1:		292 MADISON AVENUE
		STREET 2:		14TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>d13fhr.txt
<DESCRIPTION>FORM 13F - HOLDINGS REPORT
<TEXT>
<PAGE>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2011

Check here if Amendment [_]; Amendment Number:
This Amendment (Check only one): [_] is a restatement.
                                 [_] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:    Marketfield Asset Management, LLC
Address: 292 Madison Avenue, 14th Floor
         New York, New York 10017

Form 13F File Number: 28-13651

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:  Michael C. Aronstein
Title: President
Phone: 212-514-2357

Signature, Place, and Date of Signing:


      /s/ Michael C. Aronstein           New York, New York   May 13, 2011
--------------------------------------   ------------------   ------------
             [Signature]                    [City, State]        [Date]

Report Type (Check only one.):

[X]  13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
     are reported in this report.)

[_]  13F NOTICE. (Check here if no holdings reported are in this report, and all
     holdings are reported by other reporting manager(s).)

[_]  13F COMBINATION REPORT. (Check here if a portion of the holdings for this
     reporting manager are reported in this report and a portion are reported by
     other reporting manager(s).)

<PAGE>


                              FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:                 0

Form 13F Information Table Entry Total:           63

Form 13F Information Table Value Total:     $883,636
                                          (thousands)

List of Other Included Managers: NONE

<PAGE>


                                    FORM 13F
                                INFORMATION TABLE

<TABLE>
<CAPTION>
                                                                                                       VOTING AUTHORITY
                                                         VALUE  SHRS OR                 INVEST OTHER -------------------
NAME OF ISSUER                TITLE OF CLASS   CUSIP   (x$1000) PRN AMT SH/PRN PUT/CALL  DISCR  MGRS   SOLE  SHARED NONE
---------------------------- --------------- --------- -------- ------- ------ -------- ------ ----- ------- ------ ----
<S>                          <C>             <C>       <C>      <C>     <C>    <C>      <C>    <C>   <C>     <C>    <C>
ACTIVISION BLIZZARD INC      COM             00507V109    13131 1197000   SH             Sole        1197000
AMAZON COM INC               COM             023135106    17292   96000   SH             Sole          96000
ANHEUSER BUSCH INBEV SA/NV   SPONSORED ADR   03524A108    12463  218000   SH             Sole         218000
AT&T INC                     COM             00206R102    11693  382000   SH             Sole         382000
BAIDU INC                    SPON ADR REP A  056752108    17295  125500   SH             Sole         125500
BAKER HUGHES INC             COM             057224107    12960  176500   SH             Sole         176500
BOEING CO                    COM             097023105    10350  140000   SH             Sole         140000
CARPENTER TECHNOLOGY CORP    COM             144285103    12924  302600   SH             Sole         302600
C H ROBINSON WORLDWIDE INC   COM NEW         12541W209    14604  197000   SH             Sole         197000
CIENA CORP                   COM NEW         171779309    19403  748000   SH             Sole         748000
CONOCOPHILLIPS               COM             20825C104    12019  150500   SH             Sole         150500
CONTINENTAL RESOURCES INC    COM             212015101    11971  167500   SH             Sole         167500
CORNING INC                  COM             219350105     9098  441000   SH             Sole         441000
COSTCO WHSL CORP NEW         COM             22160K105    17817  243000   SH             Sole         243000
CUMMINS INC                  COM             231021106    10962  100000   SH             Sole         100000
D R HORTON INC               COM             23331A109     8714  748000   SH             Sole         748000
DEERE & CO                   COM             244199105    11433  118000   SH             Sole         118000
DISNEY WALT CO               COM DISNEY      254687106    19197  445500   SH             Sole         445500
DRYSHIPS INC                 SHS             Y2109Q101     1832  370000   SH             Sole         370000
DU PONT E I DE NEMOURS & CO  COM             263534109    16628  302500   SH             Sole         302500
EATON CORP                   COM             278058102    12197  220000   SH             Sole         220000
EBAY INC                     COM             278642103    11174  360000   SH             Sole         360000
FEDEX CORP                   COM             31428X106    16465  176000   SH             Sole         176000
FORD MTR CO DEL              COM PAR $0.01   345370860    14865  997000   SH             Sole         997000
GARDNER DENVER INC           COM             365558105    12407  159000   SH             Sole         159000
GENERAL ELECTRIC CO          COM             369604103    15960  796000   SH             Sole         796000
GOOGLE INC                   CL A            38259P508    18190   31000   SH             Sole          31000
GRAINGER W W INC             COM             384802104    20652  150000   SH             Sole         150000
HEINZ H J CO                 COM             423074103    11814  242000   SH             Sole         242000
HONDA MOTOR LTD              AMERN SHS       438128308     2626   70000   SH             Sole          70000
HOVNANIAN ENTERPRISES INC    CL A            442487203     5207 1475000   SH             Sole        1475000
HUNT J B TRANS SVCS INC      COM             445658107     9765  215000   SH             Sole         215000
HUNTINGTON BANCSHARES INC    COM             446150104    15949 2402000   SH             Sole        2402000
INTERNATIONAL BUSINESS MACHS COM             459200101    18427  113000   SH             Sole         113000
INTUIT                       COM             461202103    10728  202000   SH             Sole         202000
ISHARES TR                   BARCLYS 20+ YR  464287432    83930  911000   SH             Sole         911000
ISHARES INC                  MSCI MEX INVEST 464286822    14707  234000   SH             Sole         234000
ISHARES TR                   DJ HOME CONSTN  464288752     8149  615000   SH             Sole         615000
</TABLE>

<PAGE>


<TABLE>
<S>                          <C>             <C>       <C>      <C>     <C>    <C>      <C>    <C>   <C>     <C>    <C>
JETBLUE AIRWAYS CORP         COM             477143101    10421 1662000   SH             Sole        1662000
KB HOME                      COM             48666K109     9305  748000   SH             Sole         748000
KEYCORP NEW                  COM             493267108    14332 1614000   SH             Sole        1614000
KKR FINANCIAL HLDGS LLC      COM             48248A306     7842  801000   SH             Sole         801000
LANDSTAR SYS INC             COM             515098101    10803  236500   SH             Sole         236500
MCDONALDS CORP               COM             580135101    17120  225000   SH             Sole         225000
METLIFE INC                  COM             59156R108    15611  349000   SH             Sole         349000
NEWS CORP                    CL A            65248E104    15031  855000   SH             Sole         855000
NORFOLK SOUTHERN CORP        COM             655844108    16971  245000   SH             Sole         245000
OLD DOMINION FGHT LINES INC  COM             679580100    12420  353950   SH             Sole         353950
OPENTABLE INC                COM             68372A104    16910  159000   SH             Sole         159000
ROCKWELL COLLINS INC         COM             774341101    12772  197000   SH             Sole         197000
SAP AG                       SPON ADR        803054204    10861  177000   SH             Sole         177000
SPDR SERIES TRUST            S&P HOMEBUILD   78464A888    10321  566800   SH             Sole         566800
STANDARD PAC CORP NEW        COM             85375C101     2933  786200   SH             Sole         786200
SUNOCO INC                   COM             86764P109    17803  390500   SH             Sole         390500
TOLL BROTHERS INC            COM             889478103    12890  652000   SH             Sole         652000
U S AIRWAYS GROUP INC        COM             90341W108    12952 1487000   SH             Sole        1487000
UNION PAC CORP               COM             907818108    19371  197000   SH             Sole         197000
UNION PAC CORP               COM             907818108     5310   54000   SH     CALL    Sole          54000
UNITED CONTL HLDGS INC       COM             910047109    11667  507500   SH             Sole         507500
VALERO ENERGY CORP NEW       COM             91913Y100    13330  447000   SH             Sole         447000
WEYERHAEUSER CO              COM             962166104    13899  565000   SH             Sole         565000
WHIRLPOOL CORP               COM             963320106    12804  150000   SH             Sole         150000
WHOLE FOODS MKT INC          COM             966837106    14959  227000   SH             Sole         227000
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>