MARSHFIELD ASSOCIATES Long-Term Concentrated

CIK: 0000914976 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 15, 2025

Total Value ($000): $4,615,810 (100.0% shares, 0.0% debt)

Holdings (18)

AZO AUTOZONE INC 14.0%

Value ($000) $647,446 Shares 169,809 Est. Cost $1077.58 Unrealized +220.2%

ROST ROSS STORES INC 10.8%

Value ($000) $499,171 Shares 3,906,183 Est. Cost $89.01 Unrealized +55.6%

ORLY OREILLY AUTOMOTIVE INC 8.9%

Value ($000) $412,464 Shares 287,917 Est. Cost $24.70 Unrealized +252.2%

V VISA INC 7.1%

Value ($000) $329,632 Shares 940,571 Est. Cost $121.48 Unrealized +176.8%

DPZ DOMINOS PIZZA INC 7.1%

Value ($000) $329,404 Shares 716,952 Est. Cost $368.39 Unrealized +21.0%

CMI CUMMINS INC 7.1%

Value ($000) $329,279 Shares 1,050,534 Est. Cost $133.25 Unrealized +159.7%

MA MASTERCARD INCORPORATED 6.7%

Value ($000) $308,542 Shares 562,910 Est. Cost $152.68 Unrealized +255.0%

PGR PROGRESSIVE CORP 5.7%

Value ($000) $265,249 Shares 937,242 Est. Cost $103.62 Unrealized +136.7%

ACGL ARCH CAP GROUP LTD 5.3%

Value ($000) $246,304 Shares 2,560,861 Est. Cost $28.75 Unrealized +221.0%

MCO MOODYS CORP 5.2%

Value ($000) $239,318 Shares 513,899 Est. Cost $176.28 Unrealized +171.5%

EXPD EXPEDITORS INTL WASH INC 4.8%

Value ($000) $221,470 Shares 1,841,746 Est. Cost $63.56 Unrealized +78.9%

NVR NVR INC 3.7%

Value ($000) $172,692 Shares 23,838 Est. Cost $3313.16 Unrealized +129.6%

DIS DISNEY WALT CO 3.4%

Value ($000) $157,853 Shares 1,599,320 Est. Cost $83.72 Unrealized +27.0%

STRA STRATEGIC ED INC 3.4%

Value ($000) $155,245 Shares 1,849,034 Est. Cost $80.63 Unrealized +10.7%

FAST FASTENAL CO 3.3%

Value ($000) $153,123 Shares 1,974,506 Est. Cost $14.91 Unrealized +147.1%

TJX TJX COS INC NEW 2.9%

Value ($000) $134,930 Shares 1,107,796 Est. Cost $61.72 Unrealized +94.6%

BIL SPDR SER TR 0.3%

Value ($000) $12,112 Shares 132,042 Est. Cost $91.70 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 0.0%

Value ($000) $1,577 Shares 26,867 Est. Cost $61.25 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AZO	AUTOZONE INC	169,809	$647,446	14.0%	$1077.58	+220.2%	COM	053332102
ROST	ROSS STORES INC	3,906,183	$499,171	10.8%	$89.01	+55.6%	COM	778296103
ORLY	OREILLY AUTOMOTIVE INC	287,917	$412,464	8.9%	$24.70	+252.2%	COM	67103H107
V	VISA INC	940,571	$329,632	7.1%	$121.48	+176.8%	COM CL A	92826C839
DPZ	DOMINOS PIZZA INC	716,952	$329,404	7.1%	$368.39	+21.0%	COM	25754A201
CMI	CUMMINS INC	1,050,534	$329,279	7.1%	$133.25	+159.7%	COM	231021106
MA	MASTERCARD INCORPORATED	562,910	$308,542	6.7%	$152.68	+255.0%	CL A	57636Q104
PGR	PROGRESSIVE CORP	937,242	$265,249	5.7%	$103.62	+136.7%	COM	743315103
ACGL	ARCH CAP GROUP LTD	2,560,861	$246,304	5.3%	$28.75	+221.0%	ORD	G0450A105
MCO	MOODYS CORP	513,899	$239,318	5.2%	$176.28	+171.5%	COM	615369105
EXPD	EXPEDITORS INTL WASH INC	1,841,746	$221,470	4.8%	$63.56	+78.9%	COM	302130109
NVR	NVR INC	23,838	$172,692	3.7%	$3313.16	+129.6%	COM	62944T105
DIS	DISNEY WALT CO	1,599,320	$157,853	3.4%	$83.72	+27.0%	COM	254687106
STRA	STRATEGIC ED INC	1,849,034	$155,245	3.4%	$80.63	+10.7%	COM	86272C103
FAST	FASTENAL CO	1,974,506	$153,123	3.3%	$14.91	+147.1%	COM	311900104
TJX	TJX COS INC NEW	1,107,796	$134,930	2.9%	$61.72	+94.6%	COM	872540109
BIL	SPDR SER TR	132,042	$12,112	0.3%	$91.70	—	BLOOMBERG 1-3 MO	78468R663
VGSH	VANGUARD SCOTTSDALE FDS	26,867	$1,577	0.0%	$61.25	—	SHORT TERM TREAS	92206C102