Filed: 5/15/2026ACC: 0001172661-26-002329
📋 What this filing means
MARSHFIELD ASSOCIATES filed this quarterly 13F‑HR report disclosing 17 equity positions with a total reported market value of $4.99B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
17
Positions
$4.99B
Total AUM (reported)
25.31M
Total Shares
Allocation by class
COM$4.02B80.5%
COM CL A$379.30M7.6%
CL A$299.87M6.0%
ORD$292.91M5.9%
Portfolio Concentration
Top 3$1.56B31.2%
4–10$2.24B44.9%
11–25$1.20B24.0%
Top 3 weight
31.2%
Top 10 weight
76.0%
Voting Authority Distribution
Total shares with voting rights: 25.31M
Sole
Full voting authority
18.33M
shares
% of voting shares72.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
6.97M
shares
% of voting shares27.6%
Investment Discretion (by position count)
Sole17
Shared0
Other0
Dominant voting typeSole · 72.4% of voting shares
Institutional Holdings17
Rows:
AUTOZONE INC
SOLEShares165.03K
TypeSH
Market value$557.45M
11.16%
Sole
121.86K
Shared
0.00
None
43.17K
UNITEDHEALTH GROUP INC
SOLEShares1.89M
TypeSH
Market value$511.60M
10.25%
Sole
1.43M
Shared
0.00
None
460.41K
PROGRESSIVE CORP
SOLEShares2.46M
TypeSH
Market value$486.76M
9.75%
Sole
1.83M
Shared
0.00
None
620.86K
ROSS STORES INC
SOLEShares1.82M
TypeSH
Market value$394.01M
7.89%
Sole
1.32M
Shared
0.00
None
497.36K
VISA INC
SOLEShares1.25M
TypeSH
Market value$379.30M
7.60%
Sole
952.17K
Shared
0.00
None
302.80K
OREILLY AUTOMOTIVE INC
SOLEShares3.51M
TypeSH
Market value$324.35M
6.50%
Sole
2.43M
Shared
0.00
None
1.08M
MASTERCARD INCORPORATED
SOLEShares600.15K
TypeSH
Market value$299.87M
6.01%
Sole
410.87K
Shared
0.00
None
189.28K
ARCH CAP GROUP LTD
SOLEShares3.05M
TypeSH
Market value$292.91M
5.87%
Sole
2.25M
Shared
0.00
None
797.28K
EXPEDITORS INTL WASH INC
SOLEShares1.95M
TypeSH
Market value$279.73M
5.60%
Sole
1.41M
Shared
0.00
None
546.75K
DOMINOS PIZZA INC
SOLEShares755.14K
TypeSH
Market value$270.94M
5.43%
Sole
549.02K
Shared
0.00
None
206.12K
CUMMINS INC
SOLEShares448.78K
TypeSH
Market value$241.45M
4.84%
Sole
309.61K
Shared
0.00
None
139.18K
MOODYS CORP
SOLEShares538.99K
TypeSH
Market value$235.14M
4.71%
Sole
384.67K
Shared
0.00
None
154.33K
TJX COS INC NEW
SOLEShares1.09M
TypeSH
Market value$174.26M
3.49%
Sole
799.55K
Shared
0.00
None
291.61K
NVR INC
SOLEShares25.42K
TypeSH
Market value$167.51M
3.35%
Sole
18.37K
Shared
0.00
None
7.05K
DISNEY WALT CO
SOLEShares1.64M
TypeSH
Market value$158.33M
3.17%
Sole
1.23M
Shared
0.00
None
413.14K
FASTENAL CO
SOLEShares3.31M
TypeSH
Market value$153.55M
3.08%
Sole
2.26M
Shared
0.00
None
1.05M
STRATEGIC ED INC
SOLEShares792.93K
TypeSH
Market value$65.78M
1.32%
Sole
618.43K
Shared
0.00
None
174.50K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
AUTOZONE INCSOLE | COM | 165.03K | SH | $557.45M 11.16% | 121.86K | 0.00 | 43.17K |
UNITEDHEALTH GROUP INCSOLE | COM | 1.89M | SH | $511.60M 10.25% | 1.43M | 0.00 | 460.41K |
PROGRESSIVE CORPSOLE | COM | 2.46M | SH | $486.76M 9.75% | 1.83M | 0.00 | 620.86K |
ROSS STORES INCSOLE | COM | 1.82M | SH | $394.01M 7.89% | 1.32M | 0.00 | 497.36K |
VISA INCSOLE | COM CL A | 1.25M | SH | $379.30M 7.60% | 952.17K | 0.00 | 302.80K |
OREILLY AUTOMOTIVE INCSOLE | COM | 3.51M | SH | $324.35M 6.50% | 2.43M | 0.00 | 1.08M |
MASTERCARD INCORPORATEDSOLE | CL A | 600.15K | SH | $299.87M 6.01% | 410.87K | 0.00 | 189.28K |
ARCH CAP GROUP LTDSOLE | ORD | 3.05M | SH | $292.91M 5.87% | 2.25M | 0.00 | 797.28K |
EXPEDITORS INTL WASH INCSOLE | COM | 1.95M | SH | $279.73M 5.60% | 1.41M | 0.00 | 546.75K |
DOMINOS PIZZA INCSOLE | COM | 755.14K | SH | $270.94M 5.43% | 549.02K | 0.00 | 206.12K |
CUMMINS INCSOLE | COM | 448.78K | SH | $241.45M 4.84% | 309.61K | 0.00 | 139.18K |
MOODYS CORPSOLE | COM | 538.99K | SH | $235.14M 4.71% | 384.67K | 0.00 | 154.33K |
TJX COS INC NEWSOLE | COM | 1.09M | SH | $174.26M 3.49% | 799.55K | 0.00 | 291.61K |
NVR INCSOLE | COM | 25.42K | SH | $167.51M 3.35% | 18.37K | 0.00 | 7.05K |
DISNEY WALT COSOLE | COM | 1.64M | SH | $158.33M 3.17% | 1.23M | 0.00 | 413.14K |
FASTENAL COSOLE | COM | 3.31M | SH | $153.55M 3.08% | 2.26M | 0.00 | 1.05M |
STRATEGIC ED INCSOLE | COM | 792.93K | SH | $65.78M 1.32% | 618.43K | 0.00 | 174.50K |