0001193125-12-062825.txt : 20120215 0001193125-12-062825.hdr.sgml : 20120215 20120215122608 ACCESSION NUMBER: 0001193125-12-062825 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20111231 FILED AS OF DATE: 20120215 DATE AS OF CHANGE: 20120215 EFFECTIVENESS DATE: 20120215 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARSHFIELD ASSOCIATES CENTRAL INDEX KEY: 0000914976 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-03998 FILM NUMBER: 12614993 BUSINESS ADDRESS: STREET 1: 21 DUPONT CIRCLE CITY: WASHINGTON STATE: DC ZIP: 20006 MAIL ADDRESS: STREET 1: 21 DUPONT CIRCLE CITY: WASHINGTON STATE: DC ZIP: 20006 13F-HR 1 d300942d13fhr.txt FORM 13F ================================================================================ 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, 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: 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: CCO Phone: (202) 828-6200 Signature, Place, and Date of Signing: /s/ Kim Vinick Washington, DC 2/15/2012 ----------------------- ----------------------- ----------------------- [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).) 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-Dec-11
Voting Authority ---------------- Value Shares/ Sh/ Put/ Invstmt Other Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ------------------------------- -------------- --------- -------- ------- --- ---- ------- -------- ------- ------ ------ Arch Capital Group Ltd COM G0450A105 80712 2167929 SH Sole 2018352 149577 Berkshire Hathaway Class A COM 084670108 16295 142 SH Sole 135 7 Berkshire Hathaway Class B COM 084670702 27836 364824 SH Sole 349026 15798 Brown & Brown, Inc. COM 115236101 85575 3781493 SH Sole 3540268 241225 Capital Source Inc COM 14055X102 26398 3939937 SH Sole 3647260 292677 Devon Energy Corp COM 25179M103 10485 169105 SH Sole 158184 10921 Expeditors International of Wa COM 302130109 1262 30800 SH Sole 30168 632 Fairfax Financial Hldgs LTD COM 303901102 135653 314595 SH Sole 295209 19386 Fastenal Co COM 311900104 40742 934242 SH Sole 856340 77902 Goldman Sachs Group Inc COM 38141G104 44537 492500 SH Sole 460118 32382 HomeFed Corp COM 43739D307 377 19423 SH Sole 19423 Leucadia National Corporation COM 527288104 48006 2111066 SH Sole 1957317 153749 Martin Marietta Materials COM 573284106 45458 602809 SH Sole 565149 37660 Mastercard Inc Class A COM 57636Q104 8481 22748 SH Sole 21401 1347 Mc Donald's Corporation COM 580135101 11330 112924 SH Sole 103110 9814 Moody's Corp. COM 615369105 49410 1467029 SH Sole 1358132 108897 NVR Inc. COM 62944T105 40196 58595 SH Sole 53269 5326 Strayer Education Inc COM 863236105 8087 83211 SH Sole 77520 5691 Symetra Financial Corp COM 87151Q106 7899 870848 SH Sole 836485 34363 Toll Brothers Inc COM 889478103 49683 2433071 SH Sole 2269902 163169 US Bancorp COM 902973304 46855 1732163 SH Sole 1617790 114373 Union Pacific Corporation COM 907818108 18635 175904 SH Sole 164954 10950 Verisk Analytics Inc Class A COM 92345Y106 351 8745 SH Sole 7534 1211 Visa Inc Cl A COM 92826C839 9454 93116 SH Sole 83109 10007 Wells Fargo & Company COM 949746101 91355 3314774 SH Sole 3092811 221963 YUM! Brands Inc COM 988498101 104174 1765367 SH Sole 1661605 103762 REPORT SUMMARY 26 DATA RECORDS 1009245 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED