13F-HR 1 d299285d13fhr.txt FORM 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 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: Marketfield Asset Management, LLC Address: 292 Madison Avenue, 14th Floor New York, New York 10017 Form 13F File Number: 28-13651 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: Michael C. Aronstein Title: President Phone: 212-514-2357 Signature, Place, and Date of Signing: /s/ Michael C. Aronstein New York, New York February 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).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 60 Form 13F Information Table Value Total: $1,042,342 (thousands) List of Other Included Managers: NONE FORM 13F INFORMATION TABLE

ISHARES TR RUSSELL 2000 464287655 39161 531000 SH Sole 531000 LANDSTAR SYS INC COM 515098101 13298 277500 SH Sole 277500 MCDONALDS CORP COM 580135101 30801 307000 SH Sole 307000 MOHAWK INDS INC COM 608190104 13766 230000 SH Sole 230000 NATIONAL OILWELL VARCO INC COM 637071101 15536 228500 SH Sole 228500 NORDSTROM INC COM 655664100 18766 377500 SH Sole 377500 NORFOLK SOUTHERN CORP COM 655844108 21275 292000 SH Sole 292000 OLD DOMINION FGHT LINES INC COM 679580100 17043 420500 SH Sole 420500 PRECISION CASTPARTS CORP COM 740189105 13595 82500 SH Sole 82500 PRICELINE COM INC COM NEW 741503403 21047 45000 SH Sole 45000 RAYONIER INC COM 754907103 14081 315500 SH Sole 315500 ROSS STORES INC COM 778296103 22149 466000 SH Sole 466000 RYLAND GROUP INC COM 783764103 16201 1028000 SH Sole 1028000 SCHLUMBERGER LTD COM 806857108 13594 199000 SH Sole 199000 SHERWIN WILLIAMS CO COM 824348106 13391 150000 SH Sole 150000 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X109 53 9500 SH CALL Sole 9500 SPDR DOW JONES INDL AVRG ETF UT SER 1 78467X### -## -#### SH PUT Sole -6000 SPDR SERIES TRUST S&P REGL BKG 78464A698 12205 500000 SH Sole 500000 SPDR SERIES TRUST S&P RETAIL ETF 78464A714 23175 441000 SH Sole 441000 TERADATA CORP DEL COM 88076W103 18385 379000 SH Sole 379000 TJX COS INC NEW COM 872540109 22270 345000 SH Sole 345000 TOLL BROTHERS INC COM 889478103 17408 852500 SH Sole 852500 TRACTOR SUPPLY CO COM 892356106 19747 281500 SH Sole 281500 UNION PAC CORP COM 907818108 24048 227000 SH Sole 227000 U S G CORP COM NEW 903293405 14224 1400000 SH Sole 1400000 WELLS FARGO & CO NEW COM 949746101 19016 690000 SH Sole 690000 WHOLE FOODS MKT INC COM 966837106 18160 261000 SH Sole 261000 ZILLOW INC CL A 98954A107 4844 215500 SH Sole 215500

Marketfield Asset Management, LLC 13F-HR