Marshfield Associates
Tier 3 · less-proven / weaker recordConcentrated
Breadth-test add 2026-06-08 (survivorship-flagged).
Positions
17
as of Q1 2026
Top-5 concentration
47%
of equity portfolio
Latest filing
Q1 2026
13F report date
Reported holdings long US equity, by weight
| Ticker | Sector | Weight | Value | Change |
|---|---|---|---|---|
| AZO AUTOZONE INC | Consumer Discretionary | 11.2% | $557M | TRIM |
| UNH UNITEDHEALTH GROUP INC | Financials | 10.2% | $512M | ADD |
| PGR PROGRESSIVE CORP | Financials | 9.7% | $487M | TRIM |
| ROST ROSS STORES INC | Consumer Discretionary | 7.9% | $394M | TRIM |
| V VISA INC | Industrials | 7.6% | $379M | ADD |
| ORLY OREILLY AUTOMOTIVE INC | Consumer Discretionary | 6.5% | $324M | TRIM |
| MA MASTERCARD INCORPORATED | Industrials | 6.0% | $300M | TRIM |
| — ARCH CAP GROUP LTD | — | 5.9% | $293M | ADD |
| EXPD EXPEDITORS INTL WASH INC | Industrials | 5.6% | $280M | TRIM |
| DPZ DOMINOS PIZZA INC | Other | 5.4% | $271M | TRIM |
| CMI CUMMINS INC | Industrials | 4.8% | $241M | TRIM |
| MCO MOODYS CORP | Industrials | 4.7% | $235M | TRIM |
| TJX TJX COS INC NEW | Consumer Discretionary | 3.5% | $174M | TRIM |
| NVR NVR INC | Industrials | 3.4% | $168M | TRIM |
| DIS DISNEY WALT CO | Communication Services | 3.2% | $158M | TRIM |
| FAST FASTENAL CO | Consumer Discretionary | 3.1% | $154M | TRIM |
| STRA STRATEGIC ED INC | Industrials | 1.3% | $66M | 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.