<SEC-DOCUMENT>0001193125-12-469471.txt : 20121114
<SEC-HEADER>0001193125-12-469471.hdr.sgml : 20121114
<ACCEPTANCE-DATETIME>20121114111054
ACCESSION NUMBER:		0001193125-12-469471
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20120930
FILED AS OF DATE:		20121114
DATE AS OF CHANGE:		20121114
EFFECTIVENESS DATE:		20121114

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:		121201856

	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>d438523d13fhr.txt
<DESCRIPTION>FORM 13F-HR
<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:     September 30, 2012

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        November 14, 2012
-----------------------------   ------------------------   ---------------------
          [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:             59

Form 13F Information Table Value Total:     $2,522,538 (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>
3M CO                        COM              88579Y101   42236   457000 SH              Sole          457000
AMAZON COM INC               COM              023135106   60020   236000 SH              Sole          236000
APPLE INC                    COM              037833100     109     7080 SH     PUT      Sole            7080
AUTONATION INC               COM              05329W102   36945   846000 SH              Sole          846000
BB&T CORP                    COM              054937107   29347   885000 SH              Sole          885000
BEACON ROOFING SUPPLY INC    COM              073685109   54183  1902500 SH              Sole         1902500
BHP BILLITON LTD             SPONSORED ADR    088606108       7     6000 SH     PUT      Sole            6000
BUFFALO WILD WINGS INC       COM              119848109   38369   447500 SH              Sole          447500
CARPENTER TECHNOLOGY CORP    COM              144285103   43535   832100 SH              Sole          832100
CHIPOTLE MEXICAN GRILL INC   COM              169656105   34136   107500 SH              Sole          107500
CIT GROUP INC                COM NEW          125581801   50419  1280000 SH              Sole         1280000
COLGATE PALMOLIVE CO         COM              194162103   34203   319000 SH              Sole          319000
COSTCO WHSL CORP NEW         COM              22160K105   57492   574000 SH              Sole          574000
CUMMINS INC                  COM              231021106   45367   492000 SH              Sole          492000
D R HORTON INC               COM              23331A109   42209  2046000 SH              Sole         2046000
DU PONT E I DE NEMOURS & CO  COM              263534109   62737  1248000 SH              Sole         1248000
EAGLE MATERIALS INC          COM              26969P108   67516  1459500 SH              Sole         1459500
EBAY INC                     COM              278642103   47765   987500 SH              Sole          987500
FEDEX CORP                   COM              31428X106   38375   453500 SH              Sole          453500
FIFTH THIRD BANCORP          COM              316773100   32625  2103500 SH              Sole         2103500
GENERAL ELECTRIC CO          COM              369604103   73830  3251000 SH              Sole         3251000
HEINZ H J CO                 COM              423074103   41515   742000 SH              Sole          742000
HERSHEY CO                   COM              427866108   33637   474500 SH              Sole          474500
HOME DEPOT INC               COM              437076102   58348   966500 SH              Sole          966500
INTERNATIONAL BUSINESS MACHS COM              459200101       0     3050 SH     PUT      Sole            3050
INTERNATIONAL BUSINESS MACHS COM              459200101       1     3080 SH     PUT      Sole            3080
INGERSOLL-RAND PLC           SHS              G47791101   42579   950000 SH              Sole          950000
IRELAND BK                   SPNSRD ADR NEW   46267Q202   21171  3835400 SH              Sole         3835400
ISHARES TR                   BARCLYS 20+ YR   464287432      56    60100 SH     PUT      Sole           60100
ISHARES TR                   BARCLYS 20+ YR   464287432      41    23500 SH     PUT      Sole           23500
ISHARES TR                   FTSE CHINA25 IDX 464287184      23   120700 SH     PUT      Sole          120700
ISHARES INC                  MSCI MEX INVEST  464286822   81149  1241000 SH              Sole         1241000
</TABLE>


<PAGE>

<TABLE>
<S>                          <C>              <C>       <C>      <C>     <C>    <C>      <C>    <C>   <C>     <C>    <C>
ISHARES TR                   DJ HOME CONSTN   464288752   34733  1795000 SH              Sole         1795000
ISHARES TR                   TRANSP AVE IDX   464287192   76639   880000 SH              Sole          880000
KANSAS CITY SOUTHERN         COM NEW          485170302   35692   471000 SH              Sole          471000
LANDSTAR SYS INC             COM              515098101   43261   915000 SH              Sole          915000
LINKEDIN CORP                COM CL A         53578A108   45030   374000 SH              Sole          374000
MOHAWK INDS INC              COM              608190104   54054   675500 SH              Sole          675500
NATIONAL OILWELL VARCO INC   COM              637071101   41096   513000 SH              Sole          513000
NORFOLK SOUTHERN CORP        COM              655844108   41487   652000 SH              Sole          652000
OLD DOMINION FGHT LINES INC  COM              679580100   51104  1695000 SH              Sole         1695000
PANDORA MEDIA INC            COM              698354107   33244  3036000 SH              Sole         3036000
PRECISION CASTPARTS CORP     COM              740189105   31116   190500 SH              Sole          190500
RAYONIER INC                 COM              754907103   34650   707000 SH              Sole          707000
ROSS STORES INC              COM              778296103   49670   769000 SH              Sole          769000
RYLAND GROUP INC             COM              783764103   43665  1455500 SH              Sole         1455500
SHERWIN WILLIAMS CO          COM              824348106   66637   447500 SH              Sole          447500
SPDR SERIES TRUST            S&P REGL BKG     78464A698   96187  3358500 SH              Sole         3358500
SPDR SERIES TRUST            S&P RETAIL ETF   78464A714   39156   624000 SH              Sole          624000
SPDR SERIES TRUST            S&P HOMEBUILD    78464A888   51969  2093000 SH              Sole         2093000
STEEL DYNAMICS INC           COM              858119100   48073  4277000 SH              Sole         4277000
TERADATA CORP DEL            COM              88076W103   44944   596000 SH              Sole          596000
TJX COS INC NEW              COM              872540109   59459  1327500 SH              Sole         1327500
TOLL BROTHERS INC            COM              889478103   38779  1167000 SH              Sole         1167000
TRACTOR SUPPLY CO            COM              892356106   56516   571500 SH              Sole          571500
UNION PAC CORP               COM              907818108   60478   509500 SH              Sole          509500
U S G  CORP                  COM NEW          903293405   72951  3323500 SH              Sole         3323500
WELLS FARGO & CO NEW         COM              949746101   53746  1556500 SH              Sole         1556500
ZILLOW INC                   CL A             98954A107   48254  1144000 SH              Sole         1144000
</TABLE>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>