MARSHFIELD ASSOCIATES
13F Reported Value
ⓘ$5.0B
Holdings
17
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
MARSHFIELD ASSOCIATES disclosed 17 positions worth $5.0B in its Form 13F-HR for Q1 2026, led by $AZO (AUTOZONE INC) at 11.2% of the equity portfolio, followed by $UNH and $PGR. The portfolio is most concentrated in Consumer Discretionary (38.9% of disclosed assets). All figures are sourced directly from MARSHFIELD ASSOCIATES’s Form 13F-HR filing with the SEC under CIK 914976.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 66.5#520
Quality
$557.4M165,033 sh - 66.8#497
Quality
$511.6M1,890,689 sh - 83.6#16
Quality
$486.8M2,455,384 sh - 71.5
Quality
$394.0M1,818,806 sh - 83.5
Quality
$379.3M1,254,973 sh - 72.7
Quality
$324.3M3,513,674 sh - 81.7
Quality
$299.9M600,154 sh - —
Quality
$292.9M3,051,421 sh - 71.2
Quality
$279.7M1,953,005 sh - 69.8
Quality
$270.9M755,140 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 AUTOZONE INC$AZO | 66.5#520 | $557.4M | 165,033 |
 UNITEDHEALTH GROUP INC$UNH | 66.8#497 | $511.6M | 1,890,689 |
 PROGRESSIVE CORP/OH/$PGR | 83.6#16 | $486.8M | 2,455,384 |
 ROSS STORES, INC.$ROST | 71.5 | $394.0M | 1,818,806 |
 VISA INC.$V | 83.5 | $379.3M | 1,254,973 |
 O REILLY AUTOMOTIVE INC$ORLY | 72.7 | $324.3M | 3,513,674 |
 Mastercard Inc$MA | 81.7 | $299.9M | 600,154 |
 ARCH CAPITAL GROUP LTD.$ACGL | — | $292.9M | 3,051,421 |
 EXPEDITORS INTERNATIONAL OF WASHINGTON INC$EXPD | 71.2 | $279.7M | 1,953,005 |
 DOMINOS PIZZA INC$DPZ | 69.8 | $270.9M | 755,140 |
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32-signal composite ranking on each of MARSHFIELD ASSOCIATES's 17 positions.
Showing top 10 of 17 holdings.
Sector Allocation
Consumer Discretionary
$1.9B
Financials
$1.7B
Industrials
$688.7M
Healthcare
$511.6M
Communication Services
$158.3M
Full Holdings — MARSHFIELD ASSOCIATES (Q1 2026)
All 17 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $AZO | AUTOZONE INC | $557.4M | 11.2% | -6% | 66.5 |
| 2 | $UNH | UNITEDHEALTH GROUP INC | $511.6M | 10.3% | +14% | 66.8 |
| 3 | $PGR | PROGRESSIVE CORP/OH/ | $486.8M | 9.8% | -3% | 83.6 |
| 4 | $ROST | ROSS STORES, INC. | $394.0M | 7.9% | -33% | 71.5 |
| 5 | $V | VISA INC. | $379.3M | 7.6% | +22% | 83.5 |
| 6 | $ORLY | O REILLY AUTOMOTIVE INC | $324.3M | 6.5% | -10% | 72.7 |
| 7 | $MA | Mastercard Inc | $299.9M | 6.0% | -4% | 81.7 |
| 8 | $ACGL | ARCH CAPITAL GROUP LTD. | $292.9M | 5.9% | +6% | — |
| 9 | $EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC | $279.7M | 5.6% | -5% | 71.2 |
| 10 | $DPZ | DOMINOS PIZZA INC | $270.9M | 5.4% | -4% | 69.8 |
| 11 |  $CMI | CUMMINS INC | $241.5M | 4.8% | -41% | 58.9 |
| 12 |  $MCO | MOODYS CORP /DE/ | $235.1M | 4.7% | -4% | 81.3 |
| 13 |  $TJX | TJX COMPANIES INC /DE/ | $174.3M | 3.5% | -7% | 70.7 |
| 14 |  $NVR | NVR INC | $167.5M | 3.4% | -5% | 62.3 |
| 15 |  $DIS | Walt Disney Co | $158.3M | 3.2% | -3% | 68.9 |
| 16 |  $FAST | FASTENAL CO | $153.6M | 3.1% | -12% | 73.5 |
| 17 |  $STRA | Strategic Education, Inc. | $65.8M | 1.3% | -46% | 62.4 |
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