Marshfield Associates
Tier 3 · less-proven / weaker recordConcentrated
Breadth-test add 2026-06-08 (survivorship-flagged).
Positions
17
as of Q2 2026
Top-5 concentration
52%
of equity portfolio
Latest filing
Q2 2026
13F report date
Reported holdings long US equity, by weight
| Ticker | Sector | Weight | Value | Change |
|---|---|---|---|---|
| UNH UNITEDHEALTH GROUP INC | Financials | 14.9% | $634M | TRIM |
| PGR PROGRESSIVE CORP | Financials | 11.0% | $470M | TRIM |
| AZO AUTOZONE INC | Consumer Discretionary | 10.2% | $436M | TRIM |
| V VISA INC | Industrials | 8.3% | $355M | TRIM |
| — ARCH CAP GROUP LTD | — | 7.6% | $323M | ADD |
| MA MASTERCARD INCORPORATED | Industrials | 6.9% | $294M | TRIM |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 5.9% | $253M | TRIM |
| ORLY OREILLY AUTOMOTIVE INC | Consumer Discretionary | 5.9% | $252M | TRIM |
| MCO MOODYS CORP | Industrials | 4.5% | $191M | TRIM |
| DPZ DOMINOS PIZZA INC | Other | 4.4% | $189M | TRIM |
| NKE NIKE INC | Industrials | 4.2% | $178M | NEW |
| NVR NVR INC | Industrials | 3.2% | $137M | TRIM |
| TJX TJX COS INC NEW | Consumer Discretionary | 3.1% | $132M | TRIM |
| ROST ROSS STORES INC | Consumer Discretionary | 3.0% | $127M | TRIM |
| DIS DISNEY WALT CO | Communication Services | 2.9% | $125M | TRIM |
| FAST FASTENAL CO | Consumer Discretionary | 2.9% | $124M | TRIM |
| STRA STRATEGIC ED INC | Industrials | 1.0% | $43M | TRIM |
Weights are share of the manager’s reported long US-equity portfolio (13F). Options, bonds, and non-US/private holdings aren’t reported here. “Change” vs the prior reported quarter.