MARSHFIELD ASSOCIATES
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q2 2025 ▲▼ | Q3 2025 ▲▼ | Change ▲▼ | Q2 2025 ▲▼ | Q3 2025 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| UNITEDHEALTH GROUP INC(UNH) | 1,018,288 | 1,613,248 | +594,960 | 317,675,157 | 557,054,675 | 9.64% | +239,379,518 |
| PROGRESSIVE CORP(PGR) | 923,690 | 1,577,453 | +653,763 | 246,495,805 | 389,551,930 | 6.74% | +143,056,125 |
| CUMMINS INC(CMI) | 1,056,059 | 1,104,552 | +48,493 | 345,859,365 | 466,529,518 | 8.07% | +120,670,153 |
| ROSS STORES INC(ROST) | 3,863,028 | 4,020,413 | +157,385 | 492,845,150 | 612,670,757 | 10.60% | +119,825,607 |
| AUTOZONE INC(AZO) | 167,039 | 172,332 | +5,293 | 620,089,043 | 739,346,712 | 12.79% | +119,257,669 |
| OREILLY AUTOMOTIVE INC(ORLY) | 3,855,957 | 3,778,446 | -77,511 | 347,537,404 | 407,354,263 | 7.05% | +59,816,859 |
| TJX COS INC NEW(TJX) | 1,068,130 | 1,118,637 | +50,507 | 131,903,337 | 161,687,862 | 2.80% | +29,784,525 |
| EXPEDITORS INTL WASH INC(EXPD) | 1,856,558 | 1,942,740 | +86,182 | 212,111,734 | 238,160,508 | 4.12% | +26,048,774 |
| NVR INC(NVR) | 23,912 | 25,042 | +1,130 | 176,605,902 | 201,203,956 | 3.48% | +24,598,054 |
| MASTERCARD INCORPORATED(MA) | 566,442 | 593,713 | +27,271 | 318,306,152 | 337,709,907 | 5.84% | +19,403,755 |
| FASTENAL CO(FAST) | 3,966,125 | 3,749,494 | -216,631 | 166,577,234 | 183,875,193 | 3.18% | +17,297,959 |
| ARCH CAP GROUP LTD | 2,583,412 | 2,724,635 | +141,223 | 235,219,678 | 247,206,126 | 4.28% | +11,986,448 |
| VISA INC(V) | 947,177 | 982,793 | +35,616 | 336,295,044 | 335,506,030 | 5.81% | -789,014 |
| VANGUARD SCOTTSDALE FDS | 17,638 | 0 | -17,638 | 1,036,762 | 0 | — | -1,036,762 |
| DOMINOS PIZZA INC(DPZ) | 715,750 | 744,515 | +28,765 | 322,516,899 | 321,414,757 | 5.56% | -1,102,142 |
| MOODYS CORP(MCO) | 516,014 | 537,128 | +21,114 | 258,827,433 | 255,930,978 | 4.43% | -2,896,455 |
| DISNEY WALT CO(DIS) | 1,574,766 | 1,634,873 | +60,107 | 195,286,740 | 187,193,001 | 3.24% | -8,093,739 |
| SPDR SERIES TRUST | 139,663 | 0 | -139,663 | 12,811,287 | 0 | — | -12,811,287 |
| STRATEGIC ED INC(STRA) | 1,810,104 | 1,585,588 | -224,516 | 154,094,118 | 136,376,432 | 2.36% | -17,717,686 |