13F HOLDINGS REPORT
Marshfield Associates
Quarter ended Q2 2025 · Filed August 14, 2025 · Accession 0001172661-25-003456
Total Value
$4.89B
Positions
19
Other Managers
0
Confidential Omitted
No
Holdings (19)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | AUTOZONE INC | AZO | 167,039 | $620.1M | 12.68% |
| 2 | ROSS STORES INC | ROST | 3,863,028 | $492.8M | 10.07% |
| 3 | OREILLY AUTOMOTIVE INC | 67103H107 | 3,855,957 | $347.5M | 7.10% |
| 4 | CUMMINS INC | CMI | 1,056,059 | $345.9M | 7.07% |
| 5 | VISA INC | V | 947,177 | $336.3M | 6.87% |
| 6 | DOMINOS PIZZA INC | DPZ | 715,750 | $322.5M | 6.59% |
| 7 | MASTERCARD INCORPORATED | MA | 566,442 | $318.3M | 6.51% |
| 8 | UNITEDHEALTH GROUP INC | UNH | 1,018,288 | $317.7M | 6.49% |
| 9 | MOODYS CORP | MCO | 516,014 | $258.8M | 5.29% |
| 10 | PROGRESSIVE CORP | 743315103 | 923,690 | $246.5M | 5.04% |
| 11 | ARCH CAP GROUP LTD | G0450A105 | 2,583,412 | $235.2M | 4.81% |
| 12 | EXPEDITORS INTL WASH INC | 302130109 | 1,856,558 | $212.1M | 4.34% |
| 13 | DISNEY WALT CO | 254687106 | 1,574,766 | $195.3M | 3.99% |
| 14 | NVR INC | NVR | 23,912 | $176.6M | 3.61% |
| 15 | FASTENAL CO | FAST | 3,966,125 | $166.6M | 3.41% |
| 16 | STRATEGIC ED INC | STRA | 1,810,104 | $154.1M | 3.15% |
| 17 | TJX COS INC NEW | 872540109 | 1,068,130 | $131.9M | 2.70% |
| 18 | SPDR SERIES TRUST | 78468R663 | 139,663 | $12.8M | 0.26% |
| 19 | VANGUARD SCOTTSDALE FDS | 92206C102 | 17,638 | $1.0M | 0.02% |