Filed: 2/14/2025ACC: 0001172661-25-001106
📋 What this filing means
MARSHFIELD ASSOCIATES filed this quarterly 13F‑HR report disclosing 18 equity positions with a total reported market value of $4.61B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
18
Positions
$4.61B
Total AUM (reported)
21.26M
Total Shares
Allocation by class
COM$3.78B81.8%
COM CL A$295.11M6.4%
CL A$293.12M6.4%
ORD$236.85M5.1%
BLOOMBERG 1-3 MO$12.25M0.3%
SHORT TERM TREAS$1.56M0.0%
Portfolio Concentration
Top 3$1.50B32.6%
4–10$2.00B43.4%
11–25$1.11B24.0%
Top 3 weight
32.6%
Top 10 weight
76.0%
Voting Authority Distribution
Total shares with voting rights: 21.26M
Sole
Full voting authority
15.38M
shares
% of voting shares72.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
5.87M
shares
% of voting shares27.6%
Investment Discretion (by position count)
Sole18
Shared0
Other0
Dominant voting typeSole · 72.4% of voting shares
Institutional Holdings18
Rows:
ROSS STORES INC
SOLEShares3.91M
TypeSH
Market value$592.16M
12.83%
Sole
2.86M
Shared
0.00
None
1.06M
AUTOZONE INC
SOLEShares170.28K
TypeSH
Market value$545.24M
11.82%
Sole
117.35K
Shared
0.00
None
52.93K
CUMMINS INC
SOLEShares1.05M
TypeSH
Market value$364.95M
7.91%
Sole
731.28K
Shared
0.00
None
315.62K
OREILLY AUTOMOTIVE INC
SOLEShares306.32K
TypeSH
Market value$363.23M
7.87%
Sole
207.99K
Shared
0.00
None
98.33K
DOMINOS PIZZA INC
SOLEShares715.42K
TypeSH
Market value$300.30M
6.51%
Sole
532.89K
Shared
0.00
None
182.53K
VISA INC
SOLEShares933.78K
TypeSH
Market value$295.11M
6.40%
Sole
653.11K
Shared
0.00
None
280.67K
MASTERCARD INCORPORATED
SOLEShares556.66K
TypeSH
Market value$293.12M
6.35%
Sole
370.07K
Shared
0.00
None
186.59K
TJX COS INC NEW
SOLEShares2.26M
TypeSH
Market value$273.05M
5.92%
Sole
1.65M
Shared
0.00
None
605.20K
MOODYS CORP
SOLEShares511.12K
TypeSH
Market value$241.95M
5.24%
Sole
369.76K
Shared
0.00
None
141.36K
ARCH CAP GROUP LTD
SOLEShares2.56M
TypeSH
Market value$236.85M
5.13%
Sole
1.89M
Shared
0.00
None
672.34K
PROGRESSIVE CORP
SOLEShares873.25K
TypeSH
Market value$209.24M
4.53%
Sole
629.71K
Shared
0.00
None
243.54K
EXPEDITORS INTL WASH INC
SOLEShares1.83M
TypeSH
Market value$202.45M
4.39%
Sole
1.31M
Shared
0.00
None
519.59K
NVR INC
SOLEShares23.58K
TypeSH
Market value$192.87M
4.18%
Sole
17.15K
Shared
0.00
None
6.43K
DISNEY WALT CO
SOLEShares1.59M
TypeSH
Market value$177.30M
3.84%
Sole
1.22M
Shared
0.00
None
369.10K
STRATEGIC ED INC
SOLEShares1.84M
TypeSH
Market value$171.56M
3.72%
Sole
1.35M
Shared
0.00
None
491.16K
FASTENAL CO
SOLEShares1.96M
TypeSH
Market value$141.06M
3.06%
Sole
1.31M
Shared
0.00
None
649.54K
SPDR SER TR
SOLEShares133.97K
TypeSH
Market value$12.25M
0.27%
Sole
131.78K
Shared
0.00
None
2.20K
VANGUARD SCOTTSDALE FDS
SOLEShares26.87K
TypeSH
Market value$1.56M
0.03%
Sole
26.87K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ROSS STORES INCSOLE | COM | 3.91M | SH | $592.16M 12.83% | 2.86M | 0.00 | 1.06M |
AUTOZONE INCSOLE | COM | 170.28K | SH | $545.24M 11.82% | 117.35K | 0.00 | 52.93K |
CUMMINS INCSOLE | COM | 1.05M | SH | $364.95M 7.91% | 731.28K | 0.00 | 315.62K |
OREILLY AUTOMOTIVE INCSOLE | COM | 306.32K | SH | $363.23M 7.87% | 207.99K | 0.00 | 98.33K |
DOMINOS PIZZA INCSOLE | COM | 715.42K | SH | $300.30M 6.51% | 532.89K | 0.00 | 182.53K |
VISA INCSOLE | COM CL A | 933.78K | SH | $295.11M 6.40% | 653.11K | 0.00 | 280.67K |
MASTERCARD INCORPORATEDSOLE | CL A | 556.66K | SH | $293.12M 6.35% | 370.07K | 0.00 | 186.59K |
TJX COS INC NEWSOLE | COM | 2.26M | SH | $273.05M 5.92% | 1.65M | 0.00 | 605.20K |
MOODYS CORPSOLE | COM | 511.12K | SH | $241.95M 5.24% | 369.76K | 0.00 | 141.36K |
ARCH CAP GROUP LTDSOLE | ORD | 2.56M | SH | $236.85M 5.13% | 1.89M | 0.00 | 672.34K |
PROGRESSIVE CORPSOLE | COM | 873.25K | SH | $209.24M 4.53% | 629.71K | 0.00 | 243.54K |
EXPEDITORS INTL WASH INCSOLE | COM | 1.83M | SH | $202.45M 4.39% | 1.31M | 0.00 | 519.59K |
NVR INCSOLE | COM | 23.58K | SH | $192.87M 4.18% | 17.15K | 0.00 | 6.43K |
DISNEY WALT COSOLE | COM | 1.59M | SH | $177.30M 3.84% | 1.22M | 0.00 | 369.10K |
STRATEGIC ED INCSOLE | COM | 1.84M | SH | $171.56M 3.72% | 1.35M | 0.00 | 491.16K |
FASTENAL COSOLE | COM | 1.96M | SH | $141.06M 3.06% | 1.31M | 0.00 | 649.54K |
SPDR SER TRSOLE | BLOOMBERG 1-3 MO | 133.97K | SH | $12.25M 0.27% | 131.78K | 0.00 | 2.20K |
VANGUARD SCOTTSDALE FDSSOLE | SHORT TERM TREAS | 26.87K | SH | $1.56M 0.03% | 26.87K | 0.00 | 0.00 |