Filed: 5/15/2025ACC: 0001172661-25-002352
📋 What this filing means
MARSHFIELD ASSOCIATES filed this quarterly 13F‑HR report disclosing 18 equity positions with a total reported market value of $4.62B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
18
Positions
$4.62B
Total AUM (reported)
20.20M
Total Shares
Allocation by class
COM$3.72B80.5%
COM CL A$329.63M7.1%
CL A$308.54M6.7%
ORD$246.30M5.3%
BLOOMBERG 1-3 MO$12.11M0.3%
SHORT TERM TREAS$1.58M0.0%
Portfolio Concentration
Top 3$1.56B33.8%
4–10$2.05B44.4%
11–25$1.01B21.9%
Top 3 weight
33.8%
Top 10 weight
78.1%
Voting Authority Distribution
Total shares with voting rights: 20.20M
Sole
Full voting authority
14.69M
shares
% of voting shares72.7%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
5.52M
shares
% of voting shares27.3%
Investment Discretion (by position count)
Sole18
Shared0
Other0
Dominant voting typeSole · 72.7% of voting shares
Institutional Holdings18
Rows:
AUTOZONE INC
SOLEShares169.81K
TypeSH
Market value$647.45M
14.03%
Sole
117.44K
Shared
0.00
None
52.37K
ROSS STORES INC
SOLEShares3.91M
TypeSH
Market value$499.17M
10.81%
Sole
2.86M
Shared
0.00
None
1.05M
OREILLY AUTOMOTIVE INC
SOLEShares287.92K
TypeSH
Market value$412.46M
8.94%
Sole
199.37K
Shared
0.00
None
88.55K
VISA INC
SOLEShares940.57K
TypeSH
Market value$329.63M
7.14%
Sole
663.15K
Shared
0.00
None
277.42K
DOMINOS PIZZA INC
SOLEShares716.95K
TypeSH
Market value$329.40M
7.14%
Sole
536.16K
Shared
0.00
None
180.79K
CUMMINS INC
SOLEShares1.05M
TypeSH
Market value$329.28M
7.13%
Sole
738.83K
Shared
0.00
None
311.71K
MASTERCARD INCORPORATED
SOLEShares562.91K
TypeSH
Market value$308.54M
6.68%
Sole
378.21K
Shared
0.00
None
184.70K
PROGRESSIVE CORP
SOLEShares937.24K
TypeSH
Market value$265.25M
5.75%
Sole
693.93K
Shared
0.00
None
243.31K
ARCH CAP GROUP LTD
SOLEShares2.56M
TypeSH
Market value$246.30M
5.34%
Sole
1.89M
Shared
0.00
None
669.63K
MOODYS CORP
SOLEShares513.90K
TypeSH
Market value$239.32M
5.18%
Sole
374.12K
Shared
0.00
None
139.78K
EXPEDITORS INTL WASH INC
SOLEShares1.84M
TypeSH
Market value$221.47M
4.80%
Sole
1.33M
Shared
0.00
None
515.63K
NVR INC
SOLEShares23.84K
TypeSH
Market value$172.69M
3.74%
Sole
17.43K
Shared
0.00
None
6.41K
DISNEY WALT CO
SOLEShares1.60M
TypeSH
Market value$157.85M
3.42%
Sole
1.23M
Shared
0.00
None
368.24K
STRATEGIC ED INC
SOLEShares1.85M
TypeSH
Market value$155.24M
3.36%
Sole
1.36M
Shared
0.00
None
488.17K
FASTENAL CO
SOLEShares1.97M
TypeSH
Market value$153.12M
3.32%
Sole
1.33M
Shared
0.00
None
644.63K
TJX COS INC NEW
SOLEShares1.11M
TypeSH
Market value$134.93M
2.92%
Sole
811.39K
Shared
0.00
None
296.41K
SPDR SER TR
SOLEShares132.04K
TypeSH
Market value$12.11M
0.26%
Sole
132.04K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares26.87K
TypeSH
Market value$1.58M
0.03%
Sole
26.87K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
AUTOZONE INCSOLE | COM | 169.81K | SH | $647.45M 14.03% | 117.44K | 0.00 | 52.37K |
ROSS STORES INCSOLE | COM | 3.91M | SH | $499.17M 10.81% | 2.86M | 0.00 | 1.05M |
OREILLY AUTOMOTIVE INCSOLE | COM | 287.92K | SH | $412.46M 8.94% | 199.37K | 0.00 | 88.55K |
VISA INCSOLE | COM CL A | 940.57K | SH | $329.63M 7.14% | 663.15K | 0.00 | 277.42K |
DOMINOS PIZZA INCSOLE | COM | 716.95K | SH | $329.40M 7.14% | 536.16K | 0.00 | 180.79K |
CUMMINS INCSOLE | COM | 1.05M | SH | $329.28M 7.13% | 738.83K | 0.00 | 311.71K |
MASTERCARD INCORPORATEDSOLE | CL A | 562.91K | SH | $308.54M 6.68% | 378.21K | 0.00 | 184.70K |
PROGRESSIVE CORPSOLE | COM | 937.24K | SH | $265.25M 5.75% | 693.93K | 0.00 | 243.31K |
ARCH CAP GROUP LTDSOLE | ORD | 2.56M | SH | $246.30M 5.34% | 1.89M | 0.00 | 669.63K |
MOODYS CORPSOLE | COM | 513.90K | SH | $239.32M 5.18% | 374.12K | 0.00 | 139.78K |
EXPEDITORS INTL WASH INCSOLE | COM | 1.84M | SH | $221.47M 4.80% | 1.33M | 0.00 | 515.63K |
NVR INCSOLE | COM | 23.84K | SH | $172.69M 3.74% | 17.43K | 0.00 | 6.41K |
DISNEY WALT COSOLE | COM | 1.60M | SH | $157.85M 3.42% | 1.23M | 0.00 | 368.24K |
STRATEGIC ED INCSOLE | COM | 1.85M | SH | $155.24M 3.36% | 1.36M | 0.00 | 488.17K |
FASTENAL COSOLE | COM | 1.97M | SH | $153.12M 3.32% | 1.33M | 0.00 | 644.63K |
TJX COS INC NEWSOLE | COM | 1.11M | SH | $134.93M 2.92% | 811.39K | 0.00 | 296.41K |
SPDR SER TRSOLE | BLOOMBERG 1-3 MO | 132.04K | SH | $12.11M 0.26% | 132.04K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHORT TERM TREAS | 26.87K | SH | $1.58M 0.03% | 26.87K | 0.00 | 0.00 |