Q1 2026 · 13F-HR
MARSHFIELD ASSOCIATESholdings as filed
Filed 2026-05-15 · accession 0001172661-26-002329
$4.99B
Reported value
17
Positions
2026-03-31
Period end
The Brief · MARSHFIELD ASSOCIATES · Q1 2026
AI · grounded in 13F
MARSHFIELD ASSOCIATES reduced its position in STRA by 46.37%. The fund also trimmed holdings in CMI by 41.23% and ROST by 32.99%. Conversely, it accumulated shares of V by 21.96% and ACGL by 5.70%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 053332102 | AZO | AUTOZONE INC | $557.4M | 11.2% | 165,033 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $511.6M | 10.2% | 1,890,689 | Common | SOLE |
| 743315103 | PGR | PROGRESSIVE CORP | $486.8M | 9.75% | 2,455,384 | Common | SOLE |
| 778296103 | ROST | ROSS STORES INC | $394.0M | 7.89% | 1,818,806 | Common | SOLE |
| 92826C839 | V | VISA INC | $379.3M | 7.60% | 1,254,973 | Common | SOLE |
| 67103H107 | ORLY | OREILLY AUTOMOTIVE INC | $324.3M | 6.50% | 3,513,674 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $299.9M | 6.01% | 600,154 | Common | SOLE |
| G0450A105 | ACGL | ARCH CAP GROUP LTD | $292.9M | 5.87% | 3,051,421 | Common | SOLE |
| 302130109 | EXPD | EXPEDITORS INTL WASH INC | $279.7M | 5.60% | 1,953,005 | Common | SOLE |
| 25754A201 | DPZ | DOMINOS PIZZA INC | $270.9M | 5.43% | 755,140 | Common | SOLE |
| 231021106 | CMI | CUMMINS INC | $241.5M | 4.84% | 448,781 | Common | SOLE |
| 615369105 | MCO | MOODYS CORP | $235.1M | 4.71% | 538,993 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $174.3M | 3.49% | 1,091,160 | Common | SOLE |
| 62944T105 | NVR | NVR INC | $167.5M | 3.35% | 25,419 | Common | SOLE |
| 254687106 | DIS | DISNEY WALT CO | $158.3M | 3.17% | 1,642,724 | Common | SOLE |
| 311900104 | FAST | FASTENAL CO | $153.6M | 3.08% | 3,309,287 | Common | SOLE |
| 86272C103 | STRA | STRATEGIC ED INC | $65.8M | 1.32% | 792,930 | 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.