Q2 2025 · 13F-HR
MARSHFIELD ASSOCIATESholdings as filed
Filed 2025-08-14 · accession 0001172661-25-003456
$4.89B
Reported value
19
Positions
2025-06-30
Period end
The Brief · MARSHFIELD ASSOCIATES · Q2 2025
AI · grounded in 13F
MARSHFIELD ASSOCIATES established a new position in AZO valued at $620.1M. The fund also initiated new stakes in ROST for $492.8M and ORLY for $347.5M. Other new additions include CMI at $345.9M, V at $336.3M, and DPZ at $322.5M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 053332102 | AZO | AUTOZONE INC | $620.1M | 12.7% | 167,039 | Common | SOLE |
| 778296103 | ROST | ROSS STORES INC | $492.8M | 10.1% | 3,863,028 | Common | SOLE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $347.5M | 7.10% | 3,855,957 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $345.9M | 7.07% | 1,056,059 | Common | SOLE |
| 92826C839 | V | VISA INC | $336.3M | 6.87% | 947,177 | Common | SOLE |
| 25754A201 | DPZ | DOMINOS PIZZA INC | $322.5M | 6.59% | 715,750 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $318.3M | 6.51% | 566,442 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $317.7M | 6.49% | 1,018,288 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $258.8M | 5.29% | 516,014 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $246.5M | 5.04% | 923,690 | Common | SOLE |
| G0450A105 | ACGL | ARCH CAP GROUP LTD | $235.2M | 4.81% | 2,583,412 | Common | SOLE |
| 302130109 | EXPD | EXPEDITORS INTL WASH INC | $212.1M | 4.34% | 1,856,558 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $195.3M | 3.99% | 1,574,766 | Common | SOLE |
| 62944T105 | NVR | NVR INC | $176.6M | 3.61% | 23,912 | Common | SOLE |
| 311900104 | FAST | FASTENAL CO | $166.6M | 3.41% | 3,966,125 | Common | SOLE |
| 86272C103 | STRA | STRATEGIC ED INC | $154.1M | 3.15% | 1,810,104 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $131.9M | 2.70% | 1,068,130 | Common | SOLE |
| 78468R663 | BIL | SPDR SERIES TRUST | $12.8M | 0.26% | 139,663 | Common | SOLE |
| 92206C102 | VGSH | VANGUARD SCOTTSDALE FDS | $1.0M | 0.02% | 17,638 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.