Marshfield Associates 13F annual report
Marshfield Associates is an investment fund managing more than $4.04 trillion ran by Brian Walker. There are currently 22 companies in Mr. Walker’s portfolio. The largest investments include Arch Capital Ltd and Ross Stores, together worth $842 billion.
$4.04 trillion Assets Under Management (AUM)
As of 7th November 2023, Marshfield Associates’s top holding is 5,653,238 shares of Arch Capital Ltd currently worth over $451 billion and making up 11.1% of the portfolio value.
Relative to the number of outstanding shares of Arch Capital Ltd, Marshfield Associates owns more than 0.3% of the company.
In addition, the fund holds 3,462,617 shares of Ross Stores worth $391 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Autozone worth $377 billion and the next is TJX Companies worth $280 billion, with 3,155,153 shares owned.
Currently, Marshfield Associates's portfolio is worth at least $4.04 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Marshfield Associates
The Marshfield Associates office and employees reside in Washington, District Of Columbia. According to the last 13-F report filed with the SEC, Brian Walker serves as the General Counsel and Chief Compliance Officer at Marshfield Associates.
Recent trades
In the most recent 13F filing, Marshfield Associates revealed that it had opened a new position in
Disney (walt) Company and bought 1,413,835 shares worth $115 billion.
The investment fund also strengthened its position in Ross Stores by buying
80,869 additional shares.
This makes their stake in Ross Stores total 3,462,617 shares worth $391 billion.
Ross Stores soared 29.3% in the past year.
On the other hand, Brian Walker disclosed a decreased stake in Arch Capital Ltd by approximately 0.1%.
This leaves the value of the investment at $451 billion and 5,653,238 shares.
One of the largest hedge funds
The two most similar investment funds to Marshfield Associates are Lgt Foundation and Japan Post Co. They manage $4.05 trillion and $4.01 trillion respectively.
Brian Walker investment strategy
Marshfield Associates’s portfolio is diversified across 4 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 34.1% of
the total portfolio value.
The fund focuses on investments in the United States as
54.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
55% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $83.2 billion.
The complete list of Marshfield Associates trades based on 13F SEC filings
These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Arch Capital Group Ltd |
2.89%
5,653,238
|
$450,619,601,000 | 11.14% |
| Ross Stores, Inc. |
2.39%
3,462,617
|
$391,102,556,000 | 9.67% |
| Autozone Inc. |
2.73%
148,613
|
$377,475,534,000 | 9.34% |
| TJX Companies, Inc. |
2.13%
3,155,153
|
$280,430,006,000 | 6.94% |
| Goldman Sachs Group, Inc. |
2.52%
813,423
|
$263,199,150,000 | 6.51% |
| O'reilly Automotive Inc |
2.36%
263,734
|
$239,697,283,000 | 5.93% |
| Domino's Pizza Inc |
1.65%
632,758
|
$239,682,512,000 | 5.93% |
| Cummins Inc. |
2.55%
918,230
|
$209,778,799,000 | 5.19% |
| Mastercard Inc Class A |
2.40%
482,760
|
$191,129,678,000 | 4.73% |
| Visa Inc |
2.43%
819,051
|
$188,389,854,000 | 4.66% |
| Expeditors International Of Wa |
2.20%
1,604,906
|
$183,970,347,000 | 4.55% |
| NVR Inc. |
2.35%
29,148
|
$173,818,268,000 | 4.30% |
| Progressive Corp. |
1.99%
1,140,129
|
$158,819,992,000 | 3.93% |
| Strategic Education Inc |
0.42%
2,046,618
|
$154,008,029,000 | 3.81% |
| Moody's Corp. |
2.53%
458,390
|
$144,929,097,000 | 3.58% |
| Discover Financial Services |
29.84%
1,358,882
|
$117,719,947,000 | 2.91% |
| Disney (walt) Company |
Opened
1,413,835
|
$114,591,327,000 | 2.83% |
| Fastenal Co. |
2.54%
1,746,191
|
$95,411,859,000 | 2.36% |
| Union Pacific Corp. |
2.97%
311,075
|
$63,344,124,000 | 1.57% |
| Spdr Ser Tr |
No change
32,158
|
$2,952,748,000 | 0.07% |
| Vanguard Scottsdale Fds |
24.42%
33,032
|
$1,902,643,000 | 0.05% |
| Wisdomtree Tr |
2.82%
6,541
|
$329,143,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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