We are live on ! Find out more
MA

Marshfield Associates Portfolio holdings

AUM $4.99B
1-Year Est. Return 1.59%
This Fund
S&P 500
This Quarter Est. Return
-4.82%
1 Year Est. Return
+1.59%
3 Year Est. Return
+54.26%
5 Year Est. Return
+96.64%
10 Year Est. Return
+533.95%
AUM
$4.99B
AUM Growth
-$712M
Cap. Flow
-$442M
Cap. Flow %
-8.85%
Top 10 Hldgs %
76.05%
Holding
17
New
–
Increased
3
Reduced
14
Closed
–

Top Buys

1
V icon
Visa
V
+$72.7M
2
UNH icon
UnitedHealth
UNH
+$69.2M
3
ACGL icon
Arch Capital
ACGL
+$15.7M

Top Sells

1
ROST icon
Ross Stores
ROST
+$178M
2
CMI icon
Cummins
CMI
+$178M
3
STRA icon
Strategic Education
STRA
+$55.9M
4
ORLY icon
O'Reilly Automotive
ORLY
+$36.9M
5
AZO icon
AutoZone
AZO
+$35.5M

Sector Composition

1 Consumer Discretionary 37.82%
2 Financials 33.93%
3 Industrials 13.51%
4 Healthcare 10.25%
5 Communication Services 3.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AZO icon
1
AutoZone
AZO
$49.7B
$557M 11.16%
165,033
-9,885
-6% -$35.5M
UNH icon
2
UnitedHealth
UNH
$389B
$512M 10.25%
1,890,689
+232,202
+14% +$69.2M
PGR icon
3
Progressive
PGR
$121B
$487M 9.75%
2,455,384
-70,350
-3% -$14.5M
ROST icon
4
Ross Stores
ROST
$75B
$394M 7.89%
1,818,806
-895,533
-33% -$178M
V icon
5
Visa
V
$681B
$379M 7.6%
1,254,973
+225,939
+22% +$72.7M
ORLY icon
6
O'Reilly Automotive
ORLY
$71.4B
$324M 6.5%
3,513,674
-392,970
-10% -$36.9M
MA icon
7
Mastercard
MA
$479B
$300M 6.01%
600,154
-26,528
-4% -$14M
ACGL icon
8
Arch Capital
ACGL
$35.4B
$293M 5.87%
3,051,421
+164,419
+6% +$15.7M
EXPD icon
9
Expeditors International
EXPD
$23.9B
$280M 5.6%
1,953,005
-99,526
-5% -$15.1M
DPZ icon
10
Domino's
DPZ
$10.6B
$271M 5.43%
755,140
-29,852
-4% -$11.8M
CMI icon
11
Cummins
CMI
$89.6B
$241M 4.84%
448,781
-314,867
-41% -$178M
MCO icon
12
Moody's
MCO
$89B
$235M 4.71%
538,993
-24,564
-4% -$11.6M
TJX icon
13
TJX Companies
TJX
$171B
$174M 3.49%
1,091,160
-77,699
-7% -$12.1M
NVR icon
14
NVR
NVR
$17.6B
$168M 3.36%
25,419
-1,436
-5% -$10.5M
DIS icon
15
Walt Disney
DIS
$169B
$158M 3.17%
1,642,724
-52,465
-3% -$5.55M
FAST icon
16
Fastenal
FAST
$52.3B
$154M 3.08%
3,309,287
-440,308
-12% -$19.8M
STRA icon
17
Strategic Education
STRA
$1.74B
$65.8M 1.32%
792,930
-685,592
-46% -$55.9M

Similar funds

SNT
SIG North Trading Bala Cynwyd, Pennsylvania $4.98B AUM 36.24% 1-Year Est. Return
AM
Atreides Management Boston, Massachusetts $5B AUM 78.34% 1-Year Est. Return
SGM
Skye Global Management West Palm Beach, Florida $5B AUM 11.9% 1-Year Est. Return
CCA
Conestoga Capital Advisors Wayne, Pennsylvania $5.01B AUM 6.26% 1-Year Est. Return
PAMP
Polar Asset Management Partners Toronto, Ontario, Canada $5.01B AUM 35.27% 1-Year Est. Return
MOS
MGO One Seven Beachwood, Ohio $4.98B AUM 22.72% 1-Year Est. Return
BCM
Bridgeway Capital Management Houston, Texas $4.97B AUM 44.96% 1-Year Est. Return
CFC
Cincinnati Financial Corp Fairfield, Ohio $4.96B AUM 18.21% 1-Year Est. Return

Marshfield Associates's Q1 2026 Portfolio in Review

As of Q1 2026, Marshfield Associates held 17 positions worth $4.99B, down 12% from $5.7B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Marshfield Associates withdrew a net $442M in Q1 2026, reducing 14 holdings. Its largest reduction was Ross Stores, cutting an estimated $178M.

By sector, the portfolio is most concentrated in Consumer Discretionary at 38% of assets, up from 38% a quarter earlier, followed by Financials and Industrials.

Against the trend, Marshfield Associates added an estimated $72.7M to Visa.

  • Marshfield Associates added most to Visa in Q1 2026, an estimated $72.7M increase.
  • Marshfield Associates's biggest Q1 2026 reduction was Ross Stores, cutting an estimated $178M.
  • Marshfield Associates's ten largest holdings make up 76% of its $4.99B portfolio in Q1 2026.
  • Marshfield Associates opened 0 new positions and closed 0 in Q1 2026.
  • Marshfield Associates's portfolio value fell 12% quarter-over-quarter to $4.99B.

Based on Marshfield Associates's 13F filing for Q1 2026, filed 15 May 2026.