Filed: 8/14/2026ACC: 0001172661-26-003813
📋 What this filing means
MARSHFIELD ASSOCIATES filed this quarterly 13F‑HR report disclosing 17 equity positions with a total reported market value of $4.26B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
17
Positions
$4.26B
Total AUM (reported)
24.37M
Total Shares
Allocation by class
COM$3.11B73.0%
COM CL A$354.90M8.3%
ORD$323.32M7.6%
CL A$293.93M6.9%
CL B$178.31M4.2%
Portfolio Concentration
Top 3$1.54B36.1%
4–10$1.86B43.6%
11–25$866.01M20.3%
Top 3 weight
36.1%
Top 10 weight
79.7%
Voting Authority Distribution
Total shares with voting rights: 24.37M
Sole
Full voting authority
21.49M
shares
% of voting shares88.2%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
2.88M
shares
% of voting shares11.8%
Investment Discretion (by position count)
Sole17
Shared0
Other0
Dominant voting typeSole · 88.2% of voting shares
Institutional Holdings17
Rows:
UNITEDHEALTH GROUP INC
SOLEShares1.53M
TypeSH
Market value$634.32M
14.87%
Sole
1.36M
Shared
0.00
None
162.07K
PROGRESSIVE CORP
SOLEShares2.15M
TypeSH
Market value$470.36M
11.03%
Sole
1.92M
Shared
0.00
None
235.12K
AUTOZONE INC
SOLEShares136.37K
TypeSH
Market value$435.84M
10.22%
Sole
117.73K
Shared
0.00
None
18.65K
VISA INC
SOLEShares1.03M
TypeSH
Market value$354.90M
8.32%
Sole
915.86K
Shared
0.00
None
118.58K
ARCH CAP GROUP LTD
SOLEShares3.33M
TypeSH
Market value$323.32M
7.58%
Sole
2.97M
Shared
0.00
None
363.06K
MASTERCARD INCORPORATED
SOLEShares572.29K
TypeSH
Market value$293.93M
6.89%
Sole
497.68K
Shared
0.00
None
74.61K
EXPEDITORS INTL WASH INC
SOLEShares1.55M
TypeSH
Market value$253.27M
5.94%
Sole
1.35M
Shared
0.00
None
201K
OREILLY AUTOMOTIVE INC
SOLEShares2.74M
TypeSH
Market value$252.37M
5.92%
Sole
2.36M
Shared
0.00
None
385.10K
MOODYS CORP
SOLEShares422.81K
TypeSH
Market value$191.50M
4.49%
Sole
371.39K
Shared
0.00
None
51.41K
DOMINOS PIZZA INC
SOLEShares638.54K
TypeSH
Market value$189.03M
4.43%
Sole
568.99K
Shared
0.00
None
69.55K
NIKE INC
SOLEShares4.34M
TypeSH
Market value$178.31M
4.18%
Sole
3.88M
Shared
0.00
None
463.99K
NVR INC
SOLEShares20.14K
TypeSH
Market value$137.23M
3.22%
Sole
17.78K
Shared
0.00
None
2.36K
TJX COS INC NEW
SOLEShares872.77K
TypeSH
Market value$132.22M
3.10%
Sole
771.69K
Shared
0.00
None
101.08K
ROSS STORES INC
SOLEShares595.70K
TypeSH
Market value$126.80M
2.97%
Sole
522.39K
Shared
0.00
None
73.31K
DISNEY WALT CO
SOLEShares1.30M
TypeSH
Market value$124.95M
2.93%
Sole
1.19M
Shared
0.00
None
112.06K
FASTENAL CO
SOLEShares2.57M
TypeSH
Market value$123.67M
2.90%
Sole
2.20M
Shared
0.00
None
377.94K
STRATEGIC ED INC
SOLEShares559.01K
TypeSH
Market value$42.83M
1.00%
Sole
486.12K
Shared
0.00
None
72.89K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
UNITEDHEALTH GROUP INCSOLE | COM | 1.53M | SH | $634.32M 14.87% | 1.36M | 0.00 | 162.07K |
PROGRESSIVE CORPSOLE | COM | 2.15M | SH | $470.36M 11.03% | 1.92M | 0.00 | 235.12K |
AUTOZONE INCSOLE | COM | 136.37K | SH | $435.84M 10.22% | 117.73K | 0.00 | 18.65K |
VISA INCSOLE | COM CL A | 1.03M | SH | $354.90M 8.32% | 915.86K | 0.00 | 118.58K |
ARCH CAP GROUP LTDSOLE | ORD | 3.33M | SH | $323.32M 7.58% | 2.97M | 0.00 | 363.06K |
MASTERCARD INCORPORATEDSOLE | CL A | 572.29K | SH | $293.93M 6.89% | 497.68K | 0.00 | 74.61K |
EXPEDITORS INTL WASH INCSOLE | COM | 1.55M | SH | $253.27M 5.94% | 1.35M | 0.00 | 201K |
OREILLY AUTOMOTIVE INCSOLE | COM | 2.74M | SH | $252.37M 5.92% | 2.36M | 0.00 | 385.10K |
MOODYS CORPSOLE | COM | 422.81K | SH | $191.50M 4.49% | 371.39K | 0.00 | 51.41K |
DOMINOS PIZZA INCSOLE | COM | 638.54K | SH | $189.03M 4.43% | 568.99K | 0.00 | 69.55K |
NIKE INCSOLE | CL B | 4.34M | SH | $178.31M 4.18% | 3.88M | 0.00 | 463.99K |
NVR INCSOLE | COM | 20.14K | SH | $137.23M 3.22% | 17.78K | 0.00 | 2.36K |
TJX COS INC NEWSOLE | COM | 872.77K | SH | $132.22M 3.10% | 771.69K | 0.00 | 101.08K |
ROSS STORES INCSOLE | COM | 595.70K | SH | $126.80M 2.97% | 522.39K | 0.00 | 73.31K |
DISNEY WALT COSOLE | COM | 1.30M | SH | $124.95M 2.93% | 1.19M | 0.00 | 112.06K |
FASTENAL COSOLE | COM | 2.57M | SH | $123.67M 2.90% | 2.20M | 0.00 | 377.94K |
STRATEGIC ED INCSOLE | COM | 559.01K | SH | $42.83M 1.00% | 486.12K | 0.00 | 72.89K |