13F-HR 1 w48794e13fvhr.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: December 31, 2007 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 2/13/08 --------------------------------- ----------------------- ------------------ [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-Dec-07
Voting Authority Title of Value Shares/ Sh/ Put/ Invstmt Other --------------------- Name of Issuer class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ------------------------------ -------- --------- -------- ------- --- ---- ------- -------- ------- ------ ---- American Express Company COM 025816109 6549 125900 SH Sole 125900 Berkshire Hathaway Class A COM 084670108 32851 232 SH Sole 232 Berkshire Hathaway Class B COM 084670207 51873 10953 SH Sole 10953 Brown & Brown, Inc. COM 115236101 59408 2527979 SH Sole 2527979 Freddie Mac COM 313400301 5348 156960 SH Sole 156960 HomeFed Corp COM 43739D307 1612 26758 SH Sole 26758 Johnson & Johnson COM 478160104 9373 140529 SH Sole 140529 Legg Mason Inc COM 524901105 76602 1047195 SH Sole 1047195 Leucadia National Corporation COM 527288104 66432 1410448 SH Sole 1410448 MDC Holdings COM 552676108 40552 1092162 SH Sole 1092162 Martin Marietta Materials COM 573284106 81805 616934 SH Sole 616934 Microsoft Corporation COM 594918104 553 15534 SH Sole 15534 Mohawk Industries COM 608190104 92173 1238879 SH Sole 1238879 Montpelier Re Holdings Ltd COM G62185106 13846 813990 SH Sole 813990 Moody's Corp. COM 615369105 25273 707934 SH Sole 707934 Odyssey Re Holdings COM 67612W108 136350 3714245 SH Sole 3714245 Old Republic Int'l Corp COM 751 48721 SH Sole 48721 OneBeacon Insurance Group LT COM G67742109 25455 1183931 SH Sole 1183931 Pfizer Inc. COM 717081103 3814 167803 SH Sole 167803 Toll Brothers Inc. COM 889478103 61048 3043258 SH Sole 3043258 Wells Fargo & Company COM 949746101 95319 3157309 SH Sole 3157309 White Mountains Insurance Group COM G9618E107 80437 156477 SH Sole 156477 YUM! Brands Inc COM 988498101 132236 3455334 SH Sole 3455334 REPORT SUMMARY 23 DATA RECORDS 1099660 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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