Marshfield Associates
Institutional manager — quarterly 13F holdings, Q ending 2026-03-31
Reported value
$4.99B
Q ending 2026-03-31
Prior quarter
$5.70B
Q ending 2025-12-31
Change
-12.5% QoQ · +8.2% YoY
Positions
17
reported holdings
Largest positions
All 17 reported positions, Q ending 2026-03-31. A manager can hold shares, calls and puts on the same security at once — such positions are listed as separate rows. Type: Shares = common stock, Put/Call = option positions (valued at the underlying), Principal = debt. Tickers link to stock pages where covered.
| Holding | Ticker | Type | Value ▼ | Shares |
|---|---|---|---|---|
| Autozone Inc | AZO | Shares | $557.4M | 165K |
| Unitedhealth Group Inc | UNH | Shares | $511.6M | 1.9M |
| Progressive Corp | PGR | Shares | $486.8M | 2.5M |
| Ross Stores Inc | ROST | Shares | $394.0M | 1.8M |
| Visa Inc | V | Shares | $379.3M | 1.3M |
| Oreilly Automotive Inc | ORLY | Shares | $324.3M | 3.5M |
| Mastercard Incorporated | MA | Shares | $299.9M | 600K |
| Arch Cap Group Ltd | Shares | $292.9M | 3.1M | |
| Expeditors Intl Wash Inc | EXPD | Shares | $279.7M | 2.0M |
| Dominos Pizza Inc | DPZ | Shares | $270.9M | 755K |
| Cummins Inc | CMI | Shares | $241.5M | 449K |
| Moodys Corp | MCO | Shares | $235.1M | 539K |
| Tjx Cos Inc New | TJX | Shares | $174.3M | 1.1M |
| Nvr Inc | NVR | Shares | $167.5M | 25K |
| Disney Walt Co | DIS | Shares | $158.3M | 1.6M |
| Fastenal Co | FAST | Shares | $153.6M | 3.3M |
| Strategic Ed Inc | STRA | Shares | $65.8M | 793K |
Values as reported in public regulatory filings (USD); holdings are reported quarterly, up to 45 days after quarter end, and may contain reporting errors. Nothing here is investment advice.