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MA

Marshfield Associates Portfolio holdings

AUM $4.99B
1-Year Est. Return 1.59%
This Fund
S&P 500
This Quarter Est. Return
+4.58%
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
$4.62B
AUM Growth
+$1.54M
Cap. Flow
-$135M
Cap. Flow %
-2.93%
Top 10 Hldgs %
78.14%
Holding
18
New
–
Increased
11
Reduced
6
Closed
–

Top Buys

Rank Stock Value
1
PGR icon
Progressive
PGR
+$16.7M
2
MA icon
Mastercard
MA
+$3.4M
3
V icon
Visa
V
+$2.3M
4
NVR icon
NVR
NVR
+$1.95M
5
EXPD icon
Expeditors International
EXPD
+$1.63M

Top Sells

Rank Stock Value
1
TJX icon
TJX Companies
TJX
+$140M
2
ORLY icon
O'Reilly Automotive
ORLY
+$24M
3
AZO icon
AutoZone
AZO
+$1.63M
4
ROST icon
Ross Stores
ROST
+$1.18M
5
ACGL icon
Arch Capital
ACGL
+$358K

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 47.58%
2 Financials 30.09%
3 Industrials 15.25%
4 Communication Services 3.42%
5 Consumer Staples 3.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AZO icon
1
AutoZone
AZO
$49.7B
$647M 14.03%
169,809
-471
-0.3% -$1.63M
ROST icon
2
Ross Stores
ROST
$74.9B
$499M 10.81%
3,906,183
-8,430
-0.2% -$1.18M
ORLY icon
3
O'Reilly Automotive
ORLY
$71.3B
$412M 8.94%
4,318,755
-276,015
-6% -$24M
V icon
4
Visa
V
$682B
$330M 7.14%
940,571
+6,790
+0.7% +$2.3M
DPZ icon
5
Domino's
DPZ
$10.7B
$329M 7.14%
716,952
+1,531
+0.2% +$692K
CMI icon
6
Cummins
CMI
$89.5B
$329M 7.13%
1,050,534
+3,637
+0.3% +$1.28M
MA icon
7
Mastercard
MA
$480B
$309M 6.68%
562,910
+6,246
+1% +$3.4M
PGR icon
8
Progressive
PGR
$121B
$265M 5.75%
937,242
+63,996
+7% +$16.7M
ACGL icon
9
Arch Capital
ACGL
$35.4B
$246M 5.34%
2,560,861
-3,879
-0.2% -$358K
MCO icon
10
Moody's
MCO
$89.2B
$239M 5.18%
513,899
+2,779
+0.5% +$1.34M
EXPD icon
11
Expeditors International
EXPD
$23.9B
$221M 4.8%
1,841,746
+14,127
+0.8% +$1.63M
NVR icon
12
NVR
NVR
$17.5B
$173M 3.74%
23,838
+256
+1% +$1.95M
DIS icon
13
Walt Disney
DIS
$170B
$158M 3.42%
1,599,320
+7,038
+0.4% +$756K
STRA icon
14
Strategic Education
STRA
$1.73B
$155M 3.36%
1,849,034
+12,543
+0.7% +$1.15M
FAST icon
15
Fastenal
FAST
$52.2B
$153M 3.32%
3,949,012
+25,718
+0.7% +$964K
TJX icon
16
TJX Companies
TJX
$171B
$135M 2.92%
1,107,796
-1,152,362
-51% -$140M
BIL icon
17
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$12.1M 0.26%
132,042
-1,933
-1% -$177K
VGSH icon
18
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$1.58M 0.03%
26,867
– –

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AM
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SGM
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CCA
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PAMP
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MOS
MGO One Seven Beachwood, Ohio $4.98B AUM 22.72% 1-Year Est. Return
BCM
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CFC
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Marshfield Associates's Q1 2025 Portfolio in Review

As of Q1 2025, Marshfield Associates held 18 positions worth $4.62B, up 0.03% from $4.61B the previous quarter. Its ten largest holdings account for 78% of the portfolio.

Trading was light in Q1 2025: portfolio turnover was 0%. Marshfield Associates opened no new positions and made no exits, leaving the 18-position portfolio largely intact.

By sector, the portfolio is most concentrated in Consumer Discretionary at 48% of assets, down from 49% a quarter earlier, followed by Financials and Industrials.

  • Marshfield Associates added most to Progressive in Q1 2025, an estimated $16.7M increase.
  • Marshfield Associates's biggest Q1 2025 reduction was TJX Companies, cutting an estimated $140M.
  • Marshfield Associates's ten largest holdings make up 78% of its $4.62B portfolio in Q1 2025.
  • Marshfield Associates opened 0 new positions and closed 0 in Q1 2025.
  • Marshfield Associates's portfolio value rose 0.03% quarter-over-quarter to $4.62B.

Based on Marshfield Associates's 13F filing for Q1 2025, filed 15 May 2025.