Skip to content
Disclosery

MARSHFIELD ASSOCIATES

Follow

13F filer, CIK 914976, Washington, DC

MARSHFIELD ASSOCIATES reported $4,992,921,463 across 17 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 76.05% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-26-002329

Period
2026-03-31
Reported value
$4.99B
Holdings
17
Top 10 weight
76.05%
New
0
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
Vadded+225,939$68.3M
UNHadded+232,202$62.8M
ACGLadded+164,419$15.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ROSTreduced-895,533-$194M
CMIreduced-314,867-$169M
STRAreduced-685,592-$56.9M
ORLYreduced-392,970-$36.3M
AZOreduced-9,885-$33.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001172661-26-002329, largest first. % of portfolio is the value over $4,992,921,463, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AZOAUTOZONE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 169,586 shares; 2024Q4: 170,280 shares; 2025Q1: 169,809 shares; 2025Q2: 167,039 shares; 2025Q3: 172,332 shares; 2025Q4: 174,918 shares; 2026Q1: 165,033 shares 165,033$557M11.16%-9,885Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,018,288 shares; 2025Q3: 1,613,248 shares; 2025Q4: 1,658,487 shares; 2026Q1: 1,890,689 shares 1,890,689$512M10.25%+232,202Timeline
PGRPROGRESSIVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 870,221 shares; 2024Q4: 873,246 shares; 2025Q1: 937,242 shares; 2025Q2: 923,690 shares; 2025Q3: 1,577,453 shares; 2025Q4: 2,525,734 shares; 2026Q1: 2,455,384 shares 2,455,384$487M9.75%-70,350Timeline
ROSTROSS STORES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,908,958 shares; 2024Q4: 3,914,613 shares; 2025Q1: 3,906,183 shares; 2025Q2: 3,863,028 shares; 2025Q3: 4,020,413 shares; 2025Q4: 2,714,339 shares; 2026Q1: 1,818,806 shares 1,818,806$394M7.89%-895,533Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 931,533 shares; 2024Q4: 933,781 shares; 2025Q1: 940,571 shares; 2025Q2: 947,177 shares; 2025Q3: 982,793 shares; 2025Q4: 1,029,034 shares; 2026Q1: 1,254,973 shares 1,254,973$379M7.6%+225,939Timeline
ORLYOREILLY AUTOMOTIVE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 304,133 shares; 2024Q4: 306,318 shares; 2025Q1: 287,917 shares; 2025Q2: 3,855,957 shares; 2025Q3: 3,778,446 shares; 2025Q4: 3,906,644 shares; 2026Q1: 3,513,674 shares 3,513,674$324M6.5%-392,970Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 551,916 shares; 2024Q4: 556,664 shares; 2025Q1: 562,910 shares; 2025Q2: 566,442 shares; 2025Q3: 593,713 shares; 2025Q4: 626,682 shares; 2026Q1: 600,154 shares 600,154$300M6.01%-26,528Timeline
ACGLARCH CAP GROUP LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,372,737 shares; 2024Q4: 2,564,740 shares; 2025Q1: 2,560,861 shares; 2025Q2: 2,583,412 shares; 2025Q3: 2,724,635 shares; 2025Q4: 2,887,002 shares; 2026Q1: 3,051,421 shares 3,051,421$293M5.87%+164,419Timeline
EXPDEXPEDITORS INTL WASH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,818,027 shares; 2024Q4: 1,827,619 shares; 2025Q1: 1,841,746 shares; 2025Q2: 1,856,558 shares; 2025Q3: 1,942,740 shares; 2025Q4: 2,052,531 shares; 2026Q1: 1,953,005 shares 1,953,005$280M5.6%-99,526Timeline
DPZDOMINOS PIZZA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 715,002 shares; 2024Q4: 715,421 shares; 2025Q1: 716,952 shares; 2025Q2: 715,750 shares; 2025Q3: 744,515 shares; 2025Q4: 784,992 shares; 2026Q1: 755,140 shares 755,140$271M5.43%-29,852Timeline
CMICUMMINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,044,654 shares; 2024Q4: 1,046,897 shares; 2025Q1: 1,050,534 shares; 2025Q2: 1,056,059 shares; 2025Q3: 1,104,552 shares; 2025Q4: 763,648 shares; 2026Q1: 448,781 shares 448,781$241M4.84%-314,867Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 511,300 shares; 2024Q4: 511,120 shares; 2025Q1: 513,899 shares; 2025Q2: 516,014 shares; 2025Q3: 537,128 shares; 2025Q4: 563,557 shares; 2026Q1: 538,993 shares 538,993$235M4.71%-24,564Timeline
TJXTJX COS INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,328,268 shares; 2024Q4: 2,260,158 shares; 2025Q1: 1,107,796 shares; 2025Q2: 1,068,130 shares; 2025Q3: 1,118,637 shares; 2025Q4: 1,168,859 shares; 2026Q1: 1,091,160 shares 1,091,160$174M3.49%-77,699Timeline
NVRNVR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 23,616 shares; 2024Q4: 23,582 shares; 2025Q1: 23,838 shares; 2025Q2: 23,912 shares; 2025Q3: 25,042 shares; 2025Q4: 26,855 shares; 2026Q1: 25,419 shares 25,419$168M3.35%-1,436Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,589,559 shares; 2024Q4: 1,592,282 shares; 2025Q1: 1,599,320 shares; 2025Q2: 1,574,766 shares; 2025Q3: 1,634,873 shares; 2025Q4: 1,695,189 shares; 2026Q1: 1,642,724 shares 1,642,724$158M3.17%-52,465Timeline
FASTFASTENAL COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 2,011,096 shares; 2024Q4: 1,961,647 shares; 2025Q1: 1,974,506 shares; 2025Q2: 3,966,125 shares; 2025Q3: 3,749,494 shares; 2025Q4: 3,749,595 shares; 2026Q1: 3,309,287 shares 3,309,287$154M3.08%-440,308Timeline
STRASTRATEGIC ED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,829,622 shares; 2024Q4: 1,836,491 shares; 2025Q1: 1,849,034 shares; 2025Q2: 1,810,104 shares; 2025Q3: 1,585,588 shares; 2025Q4: 1,478,522 shares; 2026Q1: 792,930 shares 792,930$65.8M1.32%-685,592Timeline

How Q1 2026 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-26-002329 base2026-05-15acceptance time not in the bulk data set