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