Fund Holdings — MARSHFIELD ASSOCIATES

Total Portfolio Value
$5.78B
Total Bought
$866.89M
Total Sold
$108.68M
Net Transaction
+$758.21M
Filing Period:
Securities
▲▼
SharesValue ($K)
Q2 2025
▲▼
Q3 2025
▲▼
Change
▲▼
Q2 2025
▲▼
Q3 2025
▲▼
Weight (%)
▲▼
Change
▲▼
UNITEDHEALTH GROUP INC(UNH)1,018,2881,613,248+594,960317,675557,0559.64%+239,380
PROGRESSIVE CORP(PGR)923,6901,577,453+653,763246,496389,5526.74%+143,056
CUMMINS INC(CMI)1,056,0591,104,552+48,493345,859466,5308.07%+120,670
ROSS STORES INC(ROST)3,863,0284,020,413+157,385492,845612,67110.60%+119,826
AUTOZONE INC(AZO)167,039172,332+5,293620,089739,34712.79%+119,258
OREILLY AUTOMOTIVE INC(ORLY)3,855,9573,778,446-77,511347,537407,3547.05%+59,817
TJX COS INC NEW(TJX)1,068,1301,118,637+50,507131,903161,6882.80%+29,785
EXPEDITORS INTL WASH INC(EXPD)1,856,5581,942,740+86,182212,112238,1614.12%+26,049
NVR INC(NVR)23,91225,042+1,130176,606201,2043.48%+24,598
MASTERCARD INCORPORATED(MA)566,442593,713+27,271318,306337,7105.84%+19,404
FASTENAL CO(FAST)3,966,1253,749,494-216,631166,577183,8753.18%+17,298
ARCH CAP GROUP LTD
ORD
2,583,4122,724,635+141,223235,220247,2064.28%+11,986
VISA INC(V)947,177982,793+35,616336,295335,5065.81%-789
VANGUARD SCOTTSDALE FDS
SHORT TERM TREAS
17,6380-17,6381,0370—-1,037
DOMINOS PIZZA INC(DPZ)715,750744,515+28,765322,517321,4155.56%-1,102
MOODYS CORP(MCO)516,014537,128+21,114258,827255,9314.43%-2,896
DISNEY WALT CO(DIS)1,574,7661,634,873+60,107195,287187,1933.24%-8,094
SPDR SERIES TRUST
ST STR BLO 1 ETF
139,6630-139,66312,8110—-12,811
STRATEGIC ED INC(STRA)1,810,1041,585,588-224,516154,094136,3762.36%-17,718
Page 1 of 1