0001193125-12-233745.txt : 20120515
0001193125-12-233745.hdr.sgml : 20120515
20120515131029
ACCESSION NUMBER: 0001193125-12-233745
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120331
FILED AS OF DATE: 20120515
DATE AS OF CHANGE: 20120515
EFFECTIVENESS DATE: 20120515
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: MARSHFIELD ASSOCIATES
CENTRAL INDEX KEY: 0000914976
IRS NUMBER: 521670976
STATE OF INCORPORATION: DC
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-03998
FILM NUMBER: 12842808
BUSINESS ADDRESS:
STREET 1: 21 DUPONT CIRCLE
CITY: WASHINGTON
STATE: DC
ZIP: 20036
BUSINESS PHONE: 202-828-6200
MAIL ADDRESS:
STREET 1: 21 DUPONT CIRCLE
CITY: WASHINGTON
STATE: DC
ZIP: 20036
13F-HR
1
d353440d13fhr.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: March 31, 2012
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 5/14/2012
------------------------------------- -------------- ---------
[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-Mar-12
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
------------------------------ -------- --------- -------- ------- --- ---- ------- -------- ------- ------ ------
Arch Capital Group Ltd COM G0450A105 79357 2130956 SH Sole 1986760 144196
Berkshire Hathaway Class A COM 084670108 17066 140 SH Sole 133 7
Berkshire Hathaway Class B COM 084670702 29020 357609 SH Sole 342200 15409
Brown & Brown, Inc. COM 115236101 88681 3729244 SH Sole 3496102 233142
Capital Source Inc COM 14055X102 31587 4785861 SH Sole 4452529 333332
Devon Energy Corp COM 25179M103 11946 167965 SH Sole 157044 10921
Expeditors International of Wa COM 302130109 16401 352633 SH Sole 332755 19878
Fairfax Financial Hldgs LTD COM 303901102 124380 308950 SH Sole 289825 19125
Fastenal Co COM 311900104 49422 913523 SH Sole 838521 75002
Goldman Sachs Group Inc COM 38141G104 60872 489441 SH Sole 458203 31238
HomeFed Corp COM 43739D307 432 19186 SH Sole 19186 0
Leucadia National Corporation COM 527288104 58818 2253552 SH Sole 2094689 158863
Martin Marietta Materials COM 573284106 50598 590892 SH Sole 554516 36376
Mastercard Inc Class A COM 57636Q104 9479 22541 SH Sole 21194 1347
Mc Donald's Corporation COM 580135101 10860 110703 SH Sole 101250 9453
Moody's Corp. COM 615369105 61094 1451161 SH Sole 1345385 105776
NVR Inc. COM 62944T105 41619 57300 SH Sole 52214 5086
Strayer Education Inc COM 863236105 7792 82647 SH Sole 77157 5490
Symetra Financial Corp COM 87151Q106 9874 856386 SH Sole 824286 32100
Toll Brothers Inc COM 889478103 58026 2418748 SH Sole 2262140 156608
US Bancorp COM 902973304 53960 1703299 SH Sole 1592618 110681
Union Pacific Corporation COM 907818108 18808 174986 SH Sole 164036 10950
Verisk Analytics Inc Class A COM 92345Y106 409 8716 SH Sole 7505 1211
Visa Inc Cl A COM 92826C839 10782 91376 SH Sole 81733 9643
Wells Fargo & Company COM 949746101 112017 3281102 SH Sole 3066354 214748
YUM! Brands Inc COM 988498101 106759 1499852 SH Sole 1418583 81269
REPORT SUMMARY 26 DATA RECORDS 1120058 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
Marshfield Associates
FORM 13F
30-Mar-12
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
------------------------------ -------- --------- -------- ------- --- ---- ------- -------- ------- ------ ------
Verisk Analytics Inc Class A COM 92345Y106 409 8716 SH Sole 7505 1211
HomeFed Corp COM 43739D307 432 19186 SH Sole 19186 0
Strayer Education Inc COM 863236105 7792 82647 SH Sole 77157 5490
Mastercard Inc Class A COM 57636Q104 9479 22541 SH Sole 21194 1347
Symetra Financial Corp COM 87151Q106 9874 856386 SH Sole 824286 32100
Visa Inc Cl A COM 92826C839 10782 91376 SH Sole 81733 9643
Mc Donald's Corporation COM 580135101 10860 110703 SH Sole 101250 9453
Devon Energy Corp COM 25179M103 11946 167965 SH Sole 157044 10921
Expeditors International of Wa COM 302130109 16401 352633 SH Sole 332755 19878
Berkshire Hathaway Class A COM 084670108 17066 140 SH Sole 133 7
Union Pacific Corporation COM 907818108 18808 174986 SH Sole 164036 10950
Berkshire Hathaway Class B COM 084670702 29020 357609 SH Sole 342200 15409
Capital Source Inc COM 14055X102 31587 4785861 SH Sole 4452529 333332
NVR Inc. COM 62944T105 41619 57300 SH Sole 52214 5086
Fastenal Co COM 311900104 49422 913523 SH Sole 838521 75002
Martin Marietta Materials COM 573284106 50598 590892 SH Sole 554516 36376
US Bancorp COM 902973304 53960 1703299 SH Sole 1592618 110681
Toll Brothers Inc COM 889478103 58026 2418748 SH Sole 2262140 156608
Leucadia National Corporation COM 527288104 58818 2253552 SH Sole 2094689 158863
Goldman Sachs Group Inc COM 38141G104 60872 489441 SH Sole 458203 31238
Moody's Corp. COM 615369105 61094 1451161 SH Sole 1345385 105776
Arch Capital Group Ltd COM G0450A105 79357 2130956 SH Sole 1986760 144196
Brown & Brown, Inc. COM 115236101 88681 3729244 SH Sole 3496102 233142
YUM! Brands Inc COM 988498101 106759 1499852 SH Sole 1418583 81269
Wells Fargo & Company COM 949746101 112017 3281102 SH Sole 3066354 214748
Fairfax Financial Hldgs LTD COM 303901102 124380 308950 SH Sole 289825 19125
REPORT SUMMARY 26 DATA RECORDS 1120058 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED