# Marketfield Asset Management LLC

> Institutional holdings reported to the SEC as of Q1 2024 on Form 13F. CIK 1561089. Source: https://holderbook.com/funds/1561089-marketfield-asset-management-llc/

- Reported value: $127.2M
- Positions: 35
- Weight of the ten largest: 42.5%
- Filed: 2024-05-15

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $6.1M | 47,837 | 4.8% | 10 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $6.0M | 16,302 | 4.7% | 22 |
| TOYOTA MOTOR CORP | [TM](https://holderbook.com/stocks/TM/) | $5.8M | 23,174 | 4.6% | 3 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $5.4M | 13,613 | 4.3% | 5 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $5.4M | 97,999 | 4.2% | 18 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $5.3M | 167,397 | 4.2% | 17 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $5.2M | 7,125 | 4.1% | 22 |
| STAR BULK CARRIERS CORP. | [SBLK](https://holderbook.com/stocks/SBLK/) | $5.0M | 209,105 | 3.9% | 5 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $4.9M | 14,139 | 3.9% | 22 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $4.9M | 11,951 | 3.9% | 22 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $4.7M | 23,327 | 3.7% | 4 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $4.6M | 17,096 | 3.7% | 2 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $4.5M | 15,325 | 3.6% | 22 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $4.4M | 17,279 | 3.5% | 22 |
| SPDR SERIES TRUST | [XOP](https://holderbook.com/stocks/XOP/) | $4.1M | 26,238 | 3.2% | 1 |
| MOHAWK INDS INC | [MHK](https://holderbook.com/stocks/MHK/) | $3.9M | 29,542 | 3.0% | 7 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $3.8M | 24,239 | 3.0% | 10 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $3.7M | 78,886 | 2.9% | 9 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $3.7M | 73,744 | 2.9% | 22 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $3.6M | 14,704 | 2.8% | 22 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $3.2M | 11,032 | 2.5% | 22 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.1M | 8,161 | 2.5% | 1 |
| GENCO SHIPPING & TRADING LTD | [GNK](https://holderbook.com/stocks/GNK/) | $3.1M | 153,702 | 2.5% | 5 |
| RYMAN HOSPITALITY PPTYS INC | [RHP](https://holderbook.com/stocks/RHP/) | $2.9M | 25,000 | 2.3% | 1 |
| LENNAR CORP | [LEN](https://holderbook.com/stocks/LEN/) | $2.9M | 16,600 | 2.2% | 22 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $2.7M | 21,491 | 2.2% | 12 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $2.6M | 14,599 | 2.0% | 2 |
| RIO TINTO PLC | [RIO](https://holderbook.com/stocks/RIO/) | $2.5M | 40,054 | 2.0% | 14 |
| BARRICK GOLD CORP | [GOLD](https://holderbook.com/stocks/GOLD/) | $2.5M | 149,927 | 2.0% | 22 |
| GOLAR LNG LTD | [GLNG](https://holderbook.com/stocks/GLNG/) | $2.4M | 98,540 | 1.9% | 19 |
| ST JOE CO | [JOE](https://holderbook.com/stocks/JOE/) | $2.1M | 35,827 | 1.6% | 22 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $683.8K | 30,055 | 0.5% | 21 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $670.0K | 3,257 | 0.5% | 22 |
| WHEATON PRECIOUS METALS CORP | [WPM](https://holderbook.com/stocks/WPM/) | $434.7K | 9,223 | 0.3% | 6 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $310.5K | 6,280 | 0.2% | 6 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2024 | +9.7% | +10.0% | -0.4% | 100% |
| Q4 2023 | +8.6% | +11.2% | -2.6% | 100% |
| Q3 2023 | -1.1% | -3.6% | +2.4% | 100% |
| Q2 2023 | +1.6% | +8.3% | -6.6% | 100% |
| Q1 2023 | +0.1% | +7.0% | -6.9% | 100% |
| Q4 2022 | +17.0% | +7.1% | +9.9% | 100% |
| Q3 2022 | -3.2% | -5.3% | +2.1% | 100% |
| Q2 2022 | -19.9% | -16.5% | -3.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2024 | $127.2M | 35 |
| Q4 2023 | $123.2M | 34 |
| Q3 2023 | $117.9M | 37 |
| Q2 2023 | $124.3M | 37 |
| Q1 2023 | $117.0M | 37 |
| Q4 2022 | $104.8M | 35 |
| Q3 2022 | $86.2M | 32 |
| Q2 2022 | $92.0M | 32 |
| Q1 2022 | $130.2M | 33 |
| Q4 2021 | $132.5M | 37 |
| Q3 2021 | $126.4M | 36 |
| Q2 2021 | $135.2M | 35 |