13F-HR 1 w27266e13fvhr.txt 13F-HR 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, 2006 -------------------------- 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: Julie Stapel ------------------------------------------------------------------------- Title: General Counsel ------------------------------------------------------------------------- Phone: (202) 828-6200 ------------------------------------------------------------------------- Signature, Place, and Date of Signing: /s/ Julie Stapel Washington, DC November 14, 2006 ----------------------- -------------------------- ----------------- [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 30-Sep-06 ------------------------------------------------------------------------------------------------------------------------------------ COLUMN 8 COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 VOTING AUTHORITY ------------------------------------------------------------------------------------------------------------------------------------ NAME OF TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER ISSUER CLASS CUSIP [x$1000] PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ American Express Company COM 025816109 7313 130400 SH Sole 130400 Berkshire Hathaway Class A COM 084670108 25770 269 SH Sole 269 Berkshire Hathaway Class B COM 084670207 37931 11950 SH Sole 11950 Citigroup COM 172967101 103657 2086918 SH Sole 2086918 Fairfax Financial Hldgs LTD COM 303901102 6131 47118 SH Sole 47118 Fannie Mae COM 313586109 2223 39752 SH Sole 39752 First Data Corp COM 319963104 311 7416 SH Sole 7416 Freddie Mac COM 313400301 11441 172490 SH Sole 172490 General Electric Company COM 369604103 616 17444 SH Sole 17444 HomeFed Corp COM 43739D307 1934 28860 SH Sole 28860 Johnson & Johnson COM 478160104 10702 164802 SH Sole 164802 Legg Mason Inc COM 524901105 46129 457361 SH Sole 457361 Leucadia National Corporation COM 527288104 39535 1510690 SH Sole 1510690 MDC Holdings COM 552676108 39995 861023 SH Sole 861023 Marsh & McLennan COM 571748102 32305 1147618 SH Sole 1147618 Martin Marietta Materials COM 573284106 61516 726971 SH Sole 726971 Merrill Lynch & Co., Inc. COM 590188108 3406 43540 SH Sole 43540 Microsoft Corporation COM 594918104 444 16248 SH Sole 16248 Mohawk Industries COM 608190104 102291 1373958 SH Sole 1373958 Montpelier Re Holdings Ltd COM G62185106 18674 963071 SH Sole 963071 Nike Inc Cl B COM 654106103 284 3240 SH Sole 3240 Odyssey Re Holdings COM 67612W108 141606 4192016 SH Sole 4192016 Old Republic Int'l Corp COM 1079 48721 SH Sole 48721 PepsiCo, Inc. COM 713448108 228 3500 SH Sole 3500 Pfizer Inc. COM 717081103 5627 198410 SH Sole 198410 Pitney Bowes Inc COM 724479100 1202 27100 SH Sole 27100 State Street Corp COM 857477103 686 11000 SH Sole 11000 Student Loan Corp COM 863902102 405 2106 SH Sole 2106 Vulcan Materials Co COM 929160109 211 2700 SH Sole 2700 Wal-Mart Stores, Inc. COM 931142103 90319 1831285 SH Sole 1831285 Washington Post Co Cl B COM 939640108 3117 4229 SH Sole 4229 Wells Fargo & Company COM 949746101 63110 1744331 SH Sole 1744331 White Mountains Insurance Group COM G9618E107 118894 239243 SH Sole 239243 YUM! Brands Inc COM 988498101 105432 2025590 SH Sole 2025590 REPORT SUMMARY 34 DATA RECORDS 1084526 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED