13F-HR 1 marshfield-13f.txt 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, 2008 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: Marshfield Associates Address: 21 Dupont Circle, NW Suite 500 Washington, DC 20036 Form 13F File Number: 28-03998 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: Kim Vinick Title: Chief Compliance Officer Phone: (202) 828-6200 Signature, Place, and Date of Signing: /s/ KIM VINICK WASHINGTON, DC __/__/08 --------------------------------- ----------------------- ------------------ [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).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-_________________________ __________________________ [Repeat as necessary.] Marshfield Associates FORM 13F 31-Mar-08
Voting Authority ---------------- Title Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ------------------------------ ------------------- -------- -------- --- ---- ------- -------- ---- ------ ---- American Express Company COM 025816109 4952 113275 SH Sole 113275 Berkshire Hathaway Class A COM 084670108 28681 215 SH Sole 212 Berkshire Hathaway Class B COM 084670207 46813 10466 SH Sole 10462 Brown & Brown, Inc. COM 115236101 62666 3605631 SH Sole 3598445 HomeFed Corp COM 43739D307 1210 24635 SH Sole 24635 Johnson & Johnson COM 478160104 8765 135123 SH Sole 135123 Legg Mason Inc COM 524901105 63960 1142559 SH Sole 1140333 Leucadia National Corporation COM 527288104 60480 1337470 SH Sole 1337470 MDC Holdings COM 552676108 36367 830480 SH Sole 829001 Martin Marietta Materials COM 573284106 61248 576888 SH Sole 576518 Mohawk Industries COM 608190104 83235 1162331 SH Sole 1160295 Montpelier Re Holdings Ltd COM G62185106 12011 748376 SH Sole 747101 Moody's Corp. COM 615369105 23217 666589 SH Sole 665359 NVR Inc. COM 62944T105 37542 62831 SH Sole 62713 Odyssey Re Holdings COM 67612W108 127817 3478022 SH Sole 3471925 Old Republic Int'l Corp COM 561 43431 SH Sole 43431 OneBeacon Insurance Group LT COM G67742109 20967 1102386 SH Sole 1100932 Pfizer Inc. COM 717081103 3138 149908 SH Sole 149908 Toll Brothers Inc COM 889478103 36155 1539812 SH Sole 1537986 Vulcan Materials Co COM 929160109 23960 360848 SH Sole 359918 Wells Fargo & Company COM 949746101 97285 3343127 SH Sole 3337523 White Mountains Insurance Grou COM G9618E107 70816 147534 SH Sole 147450 YUM! Brands Inc COM 988498101 121914 3276390 SH Sole 3275020 REPORT SUMMARY 23 DATA RECORDS 1033762 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED