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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 13F
INFORMATION REQUIRED OF INSTITUTIONAL INVESTMENT MANAGERS PURSUANT TO SECTION
13(f) OF THE SECURITIES EXCHANGE ACT OF 1934 AND RULES THEREUNDER
Report for the Calendar Year or Quarter Ended June 30, 1999.
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(Please read instructions before preparing form.)
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If amended report check here: [ ]
Marshfield Associates
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Name of Institutional Investment Manager
21 Dupont Circle NW Washington DC 20036
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Business Address (Street) (City) (State) (Zip)
Christopher M. Niemczewski (202) 828-6228 Managing Director
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Name, Phone No., and Title of Person Duly Authorized to Submit This Report.
ATTENTION
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INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACTS CONSTITUTE FEDERAL CRIMINAL
VIOLATIONS. SEE 18 U.S.C. 1001 AND 15 U.S.C. 78ff(a)
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The institutional investment manager submitting this Form and its
attachments and the person by whom it is signed represent hereby that all
information contained therein is true, correct and complete. It is understood
that all required items, statements and schedules are considered integral parts
of this Form and that the submission of any amendment represents that all
unamended items, statements and schedules remain true, correct and complete as
previously submitted.
Pursuant to the requirements of Securities Exchange Act of 1934, the
undersigned institutional investment manager has caused this report to be signed
on its behalf in the City of Washington and State of DC on the 26 day of August
1999.
Marshfield Associates
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(Name of Institutional Investment Manager)
/s/ C.M.N.
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(Manual Signature of Person Duly
Authorized to Submit This Report)
Name and 13F file numbers of ALL Institutional Investment Managers with respect
to which this schedule is filled (other than the one filing this report): (List
in alphabetical order).
13F File Numbers will be assigned to Institutional Investment Managers after
they file their first report.
<TABLE>
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Name: 13F File No.:
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SEC 1685 (5/91)
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Marshfield Associates
FORM 13F
June 30, 1999
<TABLE>
<CAPTION>
VALUE SHARES/
NAME OF ISSUER CUSIP (X$1000) PRN AMT SOLE
------------------------------ --------- -------- -------- --------
<S> <C> <C> <C> <C>
A C Neilsen Corp 004833109 27937 923532 923532
AT & T Corp 001957109 470 8426 8426
Abbott Laboratories 002824100 1179 25987 25987
Albertsons 013104104 245 4758 4758
American Express Company 025816109 16324 125448 125448
American Home Products Corpora 026609107 1914 33361 33361
American International Group 026874107 1509 12873 12873
Ameritech Corporation 030954101 762 10363 10363
Anheuser-Busch Companies, Inc. 035229103 942 13280 13280
Avon Products, Inc. 054303102 10121 182364 182364
BP Amoco Plc - ADR 398 3666 3666
Bank One Corp 059438101 287 4815 4815
Bank of America Corp 066050105 450 6134 6134
Bank of Boston Corporation 060716107 111 2170 2170
Bell Atlantic Corporation 077853109 937 14328 14328
BellSouth Corporation 079860102 311 6748 6748
Berkley W.R. Corp 084423102 11187 447489 447489
Berkshire Hathaway Class A 084670108 21979 319 319
Berkshire Hathaway Class B 084670207 12746 5690 5690
Bestfoods 126149103 799 16133 16133
Boeing Company, The 097023105 221 5020 5020
Bristol Myers-Squibb 110122108 1687 23954 23954
Burlington Northern Santa Fe C 12189T104 37 1200 1200
C S X Corporation 126408103 270 5940 5940
CCC Information Services 12487Q109 19400 1506815 1506815
Chase Manhattan Bank 16161A108 277 3200 3200
Chevron Corporation 166751107 493 5184 5184
Chubb Corp 171232101 281 4036 4036
Citigroup 132187105 10866 228752 228752
Coca-Cola Company 191216100 1740 28065 28065
Colgate-Palmolive Company 194162103 522 5300 5300
Disney (Walt) Company 254687106 11137 361453 361453
Dover Corp. 260003108 8970 256300 256300
Du Pont de Nemours & Company 263534109 490 7172 7172
Electronic Data Systems Corp N 285661104 221 3900 3900
Eli Lilly 532457108 446 6232 6232
Emerson Electric Co. 291011104 748 11878 11878
Enron Corporation 293561106 801 9800 9800
Estee Lauder 518439104 471 9400 9400
Exxon Corporation 302290101 2148 27851 27851
Family Dollar Stores Inc 307000109 403 16800 16800
Federal Home Loan Mortgage Cor 313400301 18257 314772 314772
Federal National Mortgage Asso 313586109 11970 175389 175389
Fleet Financial Group, Inc 338915101 183 4124 4124
G T E Corporation 362320103 406 5379 5379
Gannett Inc. 364730101 15203 212999 212999
General Electric Company 369604103 21413 189497 189497
Georgia-Pacific Group 373298108 497 10499 10499
Gillette Company, The 375766102 2000 48783 48783
Great Lakes Chemical 390568103 2027 44016 44016
H & R Block 093671105 2775 55508 55508
Heineken Holdings Cl A 1287 34198 34198
Heinz (H.J.) Company 423074103 1570 31327 31327
Hewlett Packard 428236103 828 8240 8240
Intel Corp 458140100 2120 35627 35627
Intl Business Machines Corpora 459200101 1097 8484 8484
Johnson & Johnson 478160104 30328 309466 309466
Keycorp 493267108 225 7000 7000
Leucadia National Corporation 527288104 20317 800654 800654
</TABLE>
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<TABLE>
<CAPTION>
VALUE SHARES/
NAME OF ISSUER CUSIP (X$1000) PRN AMT SOLE
------------------------------ --------- -------- -------- --------
<S> <C> <C> <C> <C>
Lindt & Sprungli 254 98 98
Lucent Technologies 549463107 1551 22994 22994
MCI Worldcom, Inc. 55268B106 420 4875 4875
Markel Corp 570535104 8926 47730 47730
Mattel, Inc 577081102 24707 945734 945734
May Dept Stores 577778103 13 309 309
Mc Donald's Corporation 580135101 23974 582957 582957
Merck & Co., Inc. 589331107 4726 64192 64192
Microsoft Corporation 594918104 3886 43088 43088
Minnesota Mining & Manufacturi 604059105 2391 27499 27499
Mobil Corporation 607059102 1324 13406 13406
Monsanto Company 611662107 46 1153 1153
Morgan (J.P.) & Co. Inc 616880100 801 5700 5700
Morgan Stanley Dean Witter & C 24240V101 24485 238585 238585
Murphy Oil Corp. 626717102 200 4100 4100
Nestle ADR (Regular Shares) 641069406 986 10923 10923
Nestle Ltd. (Registered) 414 230 230
Nike Inc Cl B 654106103 42156 665178 665178
Norfolk Southern Corporation 655844108 365 12132 12132
PepsiCo, Inc. 713448108 24520 633806 633806
Pfizer Inc. 717081103 1251 11481 11481
Philip Morris Companies Inc. 718154107 587 14599 14599
Procter & Gamble Company, The 742718109 3815 42749 42749
Roper Industries Inc 776696106 9277 289910 289910
SLM Holding Corp 863871505 18030 393550 393550
Sabre Group Holdings Inc Cl A 785905100 48171 700667 700667
Schering-Plough Corp. 806605101 902 17180 17180
Schlumberger Limited 806857108 1286 20200 20200
Servicemaster Ltd Partnership 81760N109 63 3375 3375
St. Paul Companies 792860108 2311 72632 72632
Student Loan Corp 863902102 5380 120900 120900
Texaco Inc. 881694103 214 3437 3437
Tricon Global Restaurants 895953107 43060 795559 795559
Wachovia Corp 929771103 717 8377 8377
Wal-Mart Stores, Inc. 931142103 242 5008 5008
Warner-Lambert Company 934488107 900 13020 13020
Washington Gas Light Company 938837101 290 11154 11154
Wells Fargo & Company 949740104 28310 662219 662219
White Mountains Insurance Grou 33517 237706 237706
Worthington Industries 981811102 261 15850 15850
REPORT SUMMARY DATA RECORDS 669466
</TABLE>
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