The Marshfield Concentrated Opportunity Fund’s objective is to achieve long term capital growth. The investment strategy employed by the Fund seeks to achieve the dual goals of capital preservation and long-term growth of principal, while targeting a pattern of performance at variance with that of the market. The Fund is premised on the belief that in order to outperform the market, an investment strategy needs to be different from the market in as many ways as possible that add value on a risk-adjusted basis.

 

Marshfield believes that thoughtful concentration, the willingness to hold cash while awaiting well-priced opportunities, steering clear of generic “consensus” stocks, and being freed from sector and market capitalization constraints facilitate the goal of avoiding the “closet index” trap while laying the groundwork for superior performance.

Concentrated/Opportunity

Top 10 Holdings

Top 10 Holdings (as of 09/30/2018) % of Net Assets
Cash & Cash Equivalents 15.7%
Moody’s Corp. 10.1%
Arch Capital Group Ltd 7.6%
Chipotle Mexican Grill Cl A 6.0%
Deere & Co. 5.6%
Autozone Inc. 5.3%
Mastercard Inc Class A 5.3%
Goldman Sachs Group Inc 4.9%
Visa, Inc 4.8%
Fastenal Co 4.5%

Cash Position

15.7%

The information contained herein should not be considered a recommendation to purchase or sell any particular security.  It should not be assume that any securities transactions, holdings or sectors discussed were or will be profitable, or that the investment recommendations or decisions that we make in the future will be profitable.

Marshfield believes that process and discipline are essential for intelligent investing. Our seasoned research team engages in a rigorous collective process designed both to build a strong conceptual case for its investments while identifying inconsistencies and concerns and to achieve consensus while avoiding group-think.

Find Out More About Our Strategy
Meet Our Team

Meet Our Team

Contact Marshfield Funds

Contact Marshfield Funds